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Investing

Here’s Hoping You Held on to Loomis Sayles Bond

This member of the Kiplinger 25 has rebounded.

After a brutal 2008 in which Loomis Sayles Bond (symbol LSBRX) shed 22.1%, the fund is again near the top of the charts. Its stakes in medium- and low-quality corporate debt -- the same bonds that bled red ink for shareholders in 2008 -- have fueled terrific gains in 2009 as the market has shifted to rewarding riskier assets.

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But lead managers Dan Fuss and Kathleen Gaffney don’t see much more appreciation potential in corporate bonds, so they have been trimming the fund’s best-performing positions. With the proceeds, they are building a stash of dry powder and diversifying the fund’s currency exposure by adding Canadian, Australian and Norwegian debt. The fund sports a current yield of 5.63%.

Reach your goals. See portfolios using Kiplinger 25 funds.

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