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Baird Core Plus (BCOSX) and Baird Aggregate (BAGSX), both long-established no-load, intermediate term bond funds.
Angel Oak Multi-Strategy Income (ANGLX), a three-year old multisector bond fund with a 2.25% load. The managers used to run a lot of money for Washington Mutual (WAMU!), a famous "story stock" (the Wal-Mart of banking) which became the country's largest bank failure.
Hotchkis & Wiley High Yield (HWHAX), a five-year old high yield fund with a 3.75% load. The managers are former PIMCO guys.
The smallest of them is $1.7 billion. They average about $3 billion in AUM.
I'm glad we don't rely on Morningstar's radar to safeguard us from sneak attack.
Yikes. Angel Oak = mortgage fund run by three alums of banks (the third guy was with B of A) that were up to their necks in the exotic-mortgage disaster. What could possibly go wrong?
How about Thompson Bond, THOPX, as a under the radar ST bond fund? Holding a lot of bbb issues right now (I might consider it more of a ST High yield fund)
ANGIX is available at Scottrade for low minimums. ANGLX requires an advisor at Scottrade. I have owned ANGIX for over a year in taxable and non-taxable accounts.
Comments
Angel Oak Multi-Strategy Income (ANGLX), a three-year old multisector bond fund with a 2.25% load. The managers used to run a lot of money for Washington Mutual (WAMU!), a famous "story stock" (the Wal-Mart of banking) which became the country's largest bank failure.
Hotchkis & Wiley High Yield (HWHAX), a five-year old high yield fund with a 3.75% load. The managers are former PIMCO guys.
The smallest of them is $1.7 billion. They average about $3 billion in AUM.
I'm glad we don't rely on Morningstar's radar to safeguard us from sneak attack.
David