Should You Follow Kathleen Gaffney Out of Loomis Sayles Bond Fund?

The veteran bond picker is leaving for another firm. But three co-managers remain with the Kiplinger 25 fund, so don’t bail yet.

Loomis Sayles Bond (symbol LSBRX), a member of the Kiplinger 25, has set a high bar for multi-sector bond funds: It boasts a ten-year annualized return through October 23 of 10.6%, a figure that beats 94% of its peers. Year-to-date, the fund has earned 12.1%, putting it in the top 16% of the multi-sector bond category.

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Nellie S. Huang
Senior Associate Editor, Kiplinger's Personal Finance

Nellie joined Kiplinger in August 2011 after a seven-year stint in Hong Kong. There, she worked for the Wall Street Journal Asia, where as lifestyle editor, she launched and edited Scene Asia, an online guide to food, wine, entertainment and the arts in Asia. Prior to that, she was an editor at Weekend Journal, the Friday lifestyle section of the Wall Street Journal Asia. Kiplinger isn't Nellie's first foray into personal finance: She has also worked at SmartMoney (rising from fact-checker to senior writer), and she was a senior editor at Money.