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I was curious if anyone had thoughts about this fairly new bond fund managed by Kathleen Gaffney, formerly of Loomis Sayles. It looks pretty intriguing - although volatile - in the multisector bond category.
I have been studing this fund myself for purchase. From my thoughts, it will be much along the lines of NEFZX which is a multi-sector fund that Ms. Gaffney co-managed with the legendary Dan Fuss. With this, my thinking is that I should look elsewhere not because EVBAX will not be well managed but because it will mirror NEFZX. With this, I have been looking at TSIAX which is also a well run and performing multi-sector income fund run by Thormburg. If you decide that EVBAX is not for you then you might look at TSIAX.
Reply to @catch22: Catch, like Will said, Fido has a slew of A shares offered load-waived now, lots of funds from shops you've never had decent access to before. Get your shopping list together ... it's worth a long look!
Reply to @AndyJ: While these fund families are newly waived at Fidelity, several of them (such as Eaton Vance) have been load waived at other brokerages (Schwab for sure, and likely TD Ameritrade) for quite some time. It's good to see Fidelity catching up, though people have had no-load access to many of these funds for quite some time.
Comments
Regards,
Ted
http://www.mutualfundobserver.com/discussions-3/#/discussion/7992/qa-with-kathleen-gaffney-manager-eaton-vance-bond-fund-video
I have been studing this fund myself for purchase. From my thoughts, it will be much along the lines of NEFZX which is a multi-sector fund that Ms. Gaffney co-managed with the legendary Dan Fuss. With this, my thinking is that I should look elsewhere not because EVBAX will not be well managed but because it will mirror NEFZX. With this, I have been looking at TSIAX which is also a well run and performing multi-sector income fund run by Thormburg. If you decide that EVBAX is not for you then you might look at TSIAX.
Skeeter
Do you have access to this fund without the 4.75% front load? I have no concern with the manager ability, but with the front load.
Multi sector bond funds list
Ms. Gaffney's performance at this fund has been stellar, to date.
Yes, I do. Fidelity offers this fund with load waived. That's another reason why it is enticing.
Yes, indeed. Our accounts are also at Fido. Have peeked through some various load waived funds as time allows.
Take care,
Catch
While these fund families are newly waived at Fidelity, several of them (such as Eaton Vance) have been load waived at other brokerages (Schwab for sure, and likely TD Ameritrade) for quite some time. It's good to see Fidelity catching up, though people have had no-load access to many of these funds for quite some time.