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Loomis Sayles Bond Manages 5.9% Gain In 2013; Three Cheers for Dan Fuss
Another comparable multi-sector bond fund, Eaton Vance Bond has done even better in 2013 with 7.8% total return. It is managed by Dan Fuss's former co-manager, Kathleen Gaffney along with 2 co-managers. Overall portfolio makeup is similar with higher allocation to equity weighing. One advantage is the small asset under management for greater flexibility, $99 M (A, C and I shares) versus $22.5 B of the Loomis Sayles Bond. The A share is available with front-load waived at Fidelity. https://fundresearch.fidelity.com/mutual-funds/summary/277905246
Reply to @Sven: I always been a big fan of Kathleen Gaffney, and earlier this summer I predicted she would beat Gross, Gundlach, and Fuss. Regards, Ted
Reply to @Ted: In early last year, I sold both Pimco and Doubleline Total Return funds and added to Eaton Vance. An experienced manager and small asset base are good formula to do well. While Dan Fuss is near 80, he still has two other experienced co-managers (10+ years experience before joining the LS bond fund).
Comments
https://fundresearch.fidelity.com/mutual-funds/summary/277905246
Regards,
Ted