Fund Spy: A Topnotch Bond Fund

[Morningstar Logo]( [Company Site]( [Company News]( [Membership]( [Portfolio]( [Stocks]( [Options]( [Funds]( [ETFs]( [Markets]( [Tools]( [Personal Finance]( [Discuss]( Fund Spy A Topnotch Bond Fund The team at Loomis Sayles Core Plus Bond has largely put its flexible mandate to good use. [tab_bar] by Zachary Patzik, CFA | 11/26/2020 6:00:00 AM The experienced team behind Loomis Sayles Core Plus Bond NERYX has successfully balanced the strategy's risks through rigorous analysis and skillful execution. Its strengths support a Morningstar Analyst Rating of Gold for its cheapest share classes and Silver and Bronze for its more expensive share classes. Veteran managers Peter Palfrey and Rick Raczkowski have skillfully steered this offering for more than two decades. They work alongside two recently named comanagers who serve as the team's mortgage specialists. Together, they effectively use the firm's vast resources, which include an experienced and deep credit research corps that counts over 50 analysts. This team's expertise across sectors, combined with a focus on value and balancing risks, are important given the strategy's flexibility to venture beyond the Bloomberg Barclays U.S. Aggregate Bond Index. While allocations to investment-grade corporates, agency mortgages, and U.S. Treasuries serve as the portfolio's foundation, it routinely holds high-yield corporates (up to 20% of the portfolio) and emerging-markets bonds, as well as non-U.S.-dollar currencies (up to 10%). The team often manages the portfolio's duration and select currency exposures to counter the risk of the credit-sensitive positions, but bold calls have caused short-term turbulence in the past. To read more, click [here](. Sponsored Links [Buy a Link Now]( Free Issue | Morningstar's Fund Newsletter >> Morningstar FundInvestor brings you critical data and analysis on the 500 biggest and best mutual funds around. Includes online access to the monthly, full-page Analyst Reports, plus exclusive research and commentary from Morningstar's Director of Manager Research, Russ Kinnel. [Click for your free issue](. Search Most Recent Articles [What You Need to Know About Capital Gains Distributions]( [Getting a Second Opinion on a Stock-Heavy Portfolio]( [Ramit Sethi: 'What Is Your Rich Life?']( ABOUT OUR EMAIL To unsubscribe and update your preferences, go to our [email newsletter page](. All subscription changes will take effect within one business day. If you have questions about Morningstar.com or your membership, send a note to premium@morningstar.com. ABOUT OUR PRIVACY POLICY Please [click here]( to learn about Morningstar's privacy policy. (c) Copyright 2020. Morningstar, Inc. 22 W. Washington Chicago, Illinois, 60602 All rights reserved.