My Portfolio Bond Exposure
puddleglum 
04-12-2008, 12:53 PM | Post #2507665 |  2 Replies

Appreciate opinions on my current bond funds and a desired purchase. I currently have:

Templeton Global Bond TPINX

Fidelity Floating Rate FFRHX

Fidelity Strategic Income FSICX

Vanguard Inflation Protected VIPSX

Am considering adding Loomis Sayles Investment Grade LSIIX (instead of LSBRX).  LSIIX looks better than LSBRX on the M* MF Compare I ran. I would end up with about 10% of total portfolio in each.  In addition I use allocation funds such as OAKBX, DODBX, FPACX, LAALX & PRPFX for additional bond exposure.

Any problems with this mix long term, or short term? Thanks much.

Steve

2 Replies
Re: My Portfolio Bond Exposure
04-13-2008, 5:14 AM | Post #2507854
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You can save a lot of money [i.e. the 4.25% front load] and get better performance if you  invest in Templeton's GIM and/or TEI.  They're both managed by the same highly-respected and successful Dr. Michael Hasenstab [see his interview in Barron's back in October 2007] who manages TPINX.

Both TEI and GIM are up double-digits YTD and are selling at a discount, albeit GIM's discount is pretty small; but until recently it was selling at a premium.

According to Morninstar data, GIM is currently yielding 11.43% and TEI is yielding 9.12%.  Just what "The Doctor" [i.e. Hasenstab] ordered for retirees like me who need the income!

I like VIPSX too; it's my largest mutual fund holding. You can't go wrong with it; look no further--it is the best of all the TIP's funds. 

[Full disclosure: I own TEI and GIM.] 

Jagor  

 

Re: My Portfolio Bond Exposure
04-13-2008, 10:23 AM | Post #2507931
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Jagor, thanks for the info on GIM & TEI.  I'll look into them.  However, my TPINX in in my 401K, load waived.  Do You have an opinion on LSIIX over LSBDX?

Steve