Where Morningstar’s 2025 bond manager of the year sees the best opportunities right now

Artisan Partners’ Brian Krug looks for opportunities where others see none. As a portfolio manager on Artisan’s credit team, Krug aims to have a concentrated portfolio that invests selectively across the risk spectrum. That includes assets that may have sound businesses but are unpopular for some reason. “We buy sickly, out-of-favor businesses when they’re good…