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Special Report

Behind Loomis Sayles Bond's Gold Rating

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The following is an excerpt from Morningstar's Premium Analyst Report for  Loomis Sayles Bond (LSBDX), a multisector bond fund that receives a Gold Morningstar Analyst Rating. Premium Members can  click here to see the full Analyst Report. Not a Premium Member? Take a free Premium trial to gain access to this and hundreds more reports.

Process Pillar: Positive | 01/30/2014
As the flagship in the Loomis Sayles lineup, this fund has built a strong reputation with its corporate-heavy, often deep-value approach to investing in the bond markets. Manager Dan Fuss and his team enjoy some flexibility: They can invest up to 35% of the portfolio in below-investment-grade names and another 20% in equities (with a 10% limit on common stock). The team is active outside the United States as well: It can invest up to 20% of the portfolio in foreign issuers, with no limit on Canadian issuers. While bottom-up credit research plays a significant role here, so do the firm's views on broad economic trends and interest rates.

Sarah Bush does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.