https://www.sec.gov/Archives/edgar/data/872649/000119312518288720/d629055d497.htm
497 1 d629055d497.htm LOOMIS SAYLES FUNDS II
LOOMIS SAYLES SMALL CAP GROWTH FUND
Supplement dated October 1, 2018 to the Prospectus of the Loomis Sayles Small Cap Growth
Fund, dated February 1, 2018, as may be revised and supplemented from time to time.
Effective October 1, 2018, the Loomis Sayles Small Cap Growth Fund will reopen to new investors and will begin accepting orders for the purchase of shares from new investors.
Accordingly, all references to the Loomis Sayles Small Cap Growth Fund being closed to new investors are hereby removed from the Prospectus and Summary Prospectus.

Jurrien Timmer has been posting an interesting chart on Twitter that concerns EM:
https://twitter.com/timmerfidelity/status/1045381216080474120?s=21
What do they mean by “hard currency “. Is that US dollar denominated?

FYI: After I pulled one old column out of my archives, I found another piece — from an old “mailbag” feature in which I answered questions from readers — in which I had said essentially the same thing in a more frivolous tone. I post it now mainly as a reminder that whenever people start questioning the value of diversification — as countless investors did in late 1998, 1999, and early 2000 — overconcentration and overconfidence must be on the rise, and the risk of being underdiversified is likely to materialize. I don’t think we’re there yet in 2018, but you should always be vigilant against the risk of believing that risks have been repealed. Look carefully at the letter the reader sent me. If you ever hear anyone else — or yourself! — sound like that, it’s time to broaden your portfolio
Regards,
Ted
http://jasonzweig.com/in-defense-of-diversification/

FYI: Emerging market assets, especially equities, are poised to rebound in the fourth quarter from a steep selloff earlier this year, BlackRock said on Tuesday, adding that it favors emerging market hard currency over local currency debt.
Regards,
Ted
https://www.reuters.com/article/us-emerging-markets-blackrock/blackrock-emerging-market-assets-especially-stocks-set-to-rise-in-fourth-quarter-idUSKCN1MC1N9

FYI: Welcome to autumn !
Regards,
Ted
https://www.mutualfundobserver.com/2018/10/october-1-2018/

Hi @AndyJ: Thanks for stopping by and for making comment. Many of us on the board are in or near retirement. For myself, being in retirement, I have been reducing my equity allocation over the past five years, or so, from upwards towards 70% now down to the low 50% range. I am also in the process of raising my fixed income allocation (currently around 27%) up towards 30% or better over the next year or so. I plan to do this at a pace of about 1% per quarter until I reach an allocation I feel comfortable with. Even in retirement I thinking I need a good bit of equity exposure so my five year asset allocation target is to be somewhere around 40% fixed, 40% equity and 20% cash and cd's by then.
Since, you feel a good number of the threads are geared more towards equities (over income) why not become more active and start posting what you are seeing on the fixed income side of investing? Interestingly, on my buy list my 1 week and 1 month leaders, that I follow, I'm finding a good number are fixed income funds. Since, the US 10 Yr is now paying 3 percent, or better, I'm beginning to see most of my funds found in my fixed income sleeve starting to make an upward move. I'd think that now that interest rates are rising their nav's would be going the other way. Interesting? Yes.
Any way FWIW ... I'm thinking you'd draw a good following.
Thanks again for stopping by and for making comment.
Old_Skeet

FYI: Investors can defer paying capital gains taxes on profits earned on the sale of stocks and real property by participating in a new federal program that promotes investment in municipalities across the nation.
Created to encourage long-term investment of unrealized capital gains in low-income urban and rural communities, the Opportunity Zone Program was signed into law late last year under the Tax Cuts and Jobs Act of 2017. Under the program, investors who sell appreciated assets can invest the proceeds within 180 days of the sale into qualified opportunity funds to defer paying capital gains taxes. Three new funds started this year under the program, but they aren’t without some risks.
Regards,
Ted
https://www.fa-mag.com/news/a-new-way-for-clients-to-postpone-capital-gains-taxes-41115.html?print

best 3
WWNPX +22.52 --This fund has an outrageous management fee of 1.64%, has a large cash position and an extremely high allocation to a land holding company as its top position. I really can't recommend it.
POGRX +17.50
FCNTX +16.85
worst 3
MSILX (4.46)
DODFX (6.39)
FAIRX (14.60) --This fund has a very full management fee of over 1%, has a large cash position and an extremely high allocation to a land holding company as its top position. I really can't recommend it.

Typical year really, some up, some down and many basically standing still.
FCNTX - 16.85%
POAGX - 17.35
DSENX - 13.2
MGGPX - 11.2
MTUM - 16.3
THQ - 15.4
SFGIX - (9.26)
MAPIX - (3.15)
UTG - (2.66)

This article suggests this segment of the bond market still offers attractive returns....

“There’s a significant double-digit return in the legacy market that will exist for the foreseeable future,"

https://bloomberg.com/news/articles/2018-10-01/beaten-down-subprime-mortgage-bonds-offered-a-decade-of-gains?srnd=fixed-income

DSEEX = a hair under 13.5% ytd and 6.4% since Feb 1
PCI 7.4% ytd
TRBCX 8.2% since Feb 1 (do not own)

@VF: The institutional Kopernik International fund gets 5 stars from M*; your $1M minimum buys you 36% cash and 60% basic materials (read gold and oil). The fund went to the top of the class in 2016, then promptly did a complete turn-around in 2017. Now it seems there will be an investor class of shares. I ain't tempted. Strangely, the Kopernik Global does not hold oodles of cash and has a pretty middling record.

MAPOX 4.22%
PRWCX 7.39
PRIDX (2.45)
PRDSX 15.45
VSCIX 11.05
Bonds:
PTIAX .91
PRSNX (.74)
TUHYX 1.83
.......Can't really complain. I've not held some of these for very long: PTIAX and TUHYX are new. Switched into them only weeks ago.

Interesting to read the comments about PRGTX. I'm a long term holder in an IRA (10 years) and probably won't ever sell it even after I retire because technology in the broadest sense is the only future of the human race. Most of my funds are overweight in tech, even small company funds like BCSIX. I did sell the under-performing but competent BPAVX this month (gain of about 55% over 3 years) to raise cash to sit on the sidelines for the inevitable correction. I'm looking at WSMNX in particular. I'm also very overweight in small-mid company funds. 20 years to retirement.

Fidelity spent $250M to acquire eMoney three years ago. It took almost that long to integrate it with its retail platform (FullView), and has been struggling for several weeks to simply bring it up to the level of the software it replaced.
Unlike any "real" bank, you can't set a travel notice on its debit cards online. You can't even do it via automated phone service, you need to talk with a real human being. A human being who can't see the 16 digit number you just punched in, so you have to repeat the whole thing again.
So far, the only thing I know that's come out of Fidelity Labs is FidSafe®. Wow, imagine storing files in the cloud. Sounds real high tech to me, something that you'd expect to come from an "innovation center". Sure.
"in the 1990s decided there should be a group tasked with researching cutting-edge technology."
Most of the technology Fidelity uses is fine, even very good. But cutting edge it's not.

FYI: So far so good !
Regards,
Ted
PRHSX: 20.23% (1 Mo. 2.62% since I repurchased.)
QQQ: 19.95%
TRBCX: 18.92%
MSOPX: 10.57%
IVV: 10.38%
PONCX: -(1.02)%

@Old_Skeet: I took a quick look at PCLAX. About 60% cash & bonds , 40% other. Do you have any idea what the "other" is invested in ? I'll take a peek at Chuck's place & see what they have listed on the fund.
Derf
Back at you: Sector weighting; 57% financial & 12% info tech.
Top 25% last 2 years & YTD ! Long & short cash & bonds.

Hi @johnN: Thanks for posting the Zacks report on three funds to buy from Pimco found at the bottom of page one of this thread as this comment begins page two. Of the three mentioned Old_Skeet owns one of them which is PCLAX their commodity strategy plus fund. I started buying this fund back in the summer of 2017 and with this my average cost is back of $6.00 per share. It has paid out thus far, to me, about $1.04 per share plus I have grown my principal since owned. Being an aggressive fund I hold it in the growth area of my portfolio and not the income area although it does kick off a good income stream (paid quarterly). Morningstar list its TTM yield at 12.66% and its 12 month return at a little better than 20%. I have linked its Morningstar report below for those readers that might find an interest in the fund. I consider it one of my "cash cow" positions.
https://www.morningstar.com/funds/xnas/pclax/quote.html

Bear Martin Feldstein has another recession is a-comin' in the WSJ yesterday, I think, this time, or again, based on rising interest rates, I believe.
https://www.wsj.com/articles/another-recession-is-looming-1538088367
login, hard to get around

Related.
https://www.barrons.com/articles/no-stomach-for-stock-market-swings-consider-stable-value-funds-1538159332
https://qwiket.com/context/topic/no-stomach-for-stock-market-swings-consider-stable-value-funds
No Stomach for Stock-Market Swings? Consider Stable Value Funds
Increasing volatility and rising interest rates create a double whammy for investors who don’t have time to ride out the inevitable market ups and downs. Stable value funds might be the answer.
For risk-averse investors, there seems to be nowhere to hide these days. High volatility and high valuations make stocks an unsavory option, and bonds don’t look much better in the face of rising interest rates. And cash still pays next to nothing. But if you have a 401(k), you have an oft-overlooked option.