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Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Loomis Sayles Strategic Income Fund

NEZAX | Fund

$11.97

$2.8 B

10.59%

$1.27

1.25%

Vitals

YTD Return

6.6%

1 yr return

7.1%

3 Yr Avg Return

0.0%

5 Yr Avg Return

0.9%

Net Assets

$2.8 B

Holdings in Top 10

22.8%

52 WEEK LOW AND HIGH

$12.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 99.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Loomis Sayles Strategic Income Fund

NEZAX | Fund

$11.97

$2.8 B

10.59%

$1.27

1.25%

NEZAX - Profile

Distributions

  • YTD Total Return 6.6%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.60%
DIVIDENDS
  • Dividend Yield 10.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Loomis Sayles Strategic Income Fund
  • Fund Family Name
    Natixis Loomis Sayles Funds
  • Inception Date
    Feb 01, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Admin
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Eagan

Fund Description

Under normal market conditions, the Fund will invest substantially all of its assets in income producing securities (including below investment grade securities, or “junk bonds”) with a focus on U.S. corporate bonds, convertible securities, foreign debt instruments, including those in emerging markets and related foreign currency transactions, and U.S. government securities. Below investment grade fixed-income securities are rated below investment grade quality (i.e., none of the three major ratings agencies (Moody’s Investors Service, Inc. (“Moody’s”), Fitch Investors Services, Inc. (“Fitch”) or S&P Global Ratings (“S&P”)), have rated the securities in one of its top four rating categories) or, if the security is unrated, are determined by the Adviser to be of comparable quality. The Fund may invest up to 35% of its assets in preferred stocks and dividend-paying common stocks. The portfolio managers may shift the Fund’s assets among various types of income-producing securities based upon changing market conditions. The Adviser performs its own extensive credit analyses to determine the creditworthiness and potential for capital appreciation of a security.
The Fund’s portfolio managers use a flexible approach to identify securities in the global marketplace with characteristics including discounted price compared to economic value, undervalued credit ratings with strong or improving credit profiles and yield premium relative to its benchmark (although not all of the securities selected will have these attributes).
In deciding which securities to buy and sell, the Adviser will consider, among other things, the financial strength of the issuer, current interest rates, current valuations, the Adviser’s expectations regarding future changes in interest rates and comparisons of the level of risk associated with particular investments with the Adviser’s expectations concerning the potential return of those investments.
In selecting investments for the Fund, the Adviser utilizes the skills of its in-house team of more than 30 research analysts to cover a broad universe of industries, companies and markets. The Fund’s portfolio managers take advantage of these extensive resources to identify securities that meet the Fund’s investment criteria. The Adviser seeks to buy bonds that offer a positive yield advantage over the market and, in its view, have room to increase in price. It may also invest to take advantage of what the portfolio managers believe are temporary disparities in the yield of different segments of the market for U.S. government securities. The Adviser provides the portfolio managers with maximum flexibility to find investment opportunities in a wide range of markets, both domestic and foreign. This flexible approach provides the Fund with access to a wide array of investment opportunities. The three key sectors that the portfolio managers focus upon are U.S. corporate issues (including convertible securities), foreign debt securities and U.S. government securities. The Fund’s portfolio managers maintain a core of the Fund’s investments in corporate bond issues and shift its assets among other income-producing securities as opportunities develop. The Fund generally seeks to maintain a high level of diversification as a form of risk management.
In connection with its principal investment strategies, the Fund may also invest in securities issued pursuant to Rule 144A under the Securities Act of 1933 (“Rule 144A securities”), other privately placed investments such as private credit investments, structured notes,collateralized loan obligations, zero-coupon bonds, pay-in-kind bonds, mortgage-related securities, stripped securities and futures, swaps (including credit default swaps) and foreign currency transactions (such as forward currency contracts) for hedging and investment purposes. Except as provided above or as required by applicable law, the Fund is not limited in the percentage of its assets that it may invest in these instruments.
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NEZAX - Performance

Return Ranking - Trailing

Period NEZAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -12.6% 18.9% 29.88%
1 Yr 7.1% -13.6% 19.8% 26.63%
3 Yr 0.0%* -17.2% 13.3% 74.76%
5 Yr 0.9%* -15.2% 13.2% 77.32%
10 Yr 1.7%* -7.1% 6.9% 80.16%

* Annualized

Return Ranking - Calendar

Period NEZAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.2% -12.0% 8.9% 61.51%
2022 -18.0% -31.8% 18.4% 91.60%
2021 1.2% -16.2% 25.7% 10.00%
2020 -3.2% -31.1% 18.7% 83.60%
2019 6.9% -6.1% 15.3% 22.93%

Total Return Ranking - Trailing

Period NEZAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -12.6% 18.9% 29.88%
1 Yr 7.1% -13.6% 19.8% 26.63%
3 Yr 0.0%* -17.2% 13.3% 74.76%
5 Yr 0.9%* -15.2% 13.2% 77.32%
10 Yr 1.7%* -7.1% 6.9% 80.16%

* Annualized

Total Return Ranking - Calendar

Period NEZAX Return Category Return Low Category Return High Rank in Category (%)
2023 7.8% -6.9% 22.2% 52.40%
2022 -13.1% -31.8% 21.1% 88.27%
2021 3.7% -13.5% 49.9% 23.11%
2020 0.8% -28.6% 24.1% 83.07%
2019 10.5% -4.8% 19.1% 31.21%

NAV & Total Return History

NEZAX - Holdings

Concentration Analysis

NEZAX Category Low Category High NEZAX % Rank
Net Assets 2.8 B 2.63 M 143 B 23.89%
Number of Holdings 521 4 9638 47.58%
Net Assets in Top 10 678 M -204 M 89.4 B 28.24%
Weighting of Top 10 22.81% 5.8% 265.8% 57.55%

Top 10 Holdings

  1. U.S. Treasury Notes 5.73%
  2. FIXED INC CLEARING CORP.REPO 4.54%
  3. DISH Network Corp 3.39%
  4. U.S. Treasury Notes 2.32%
  5. U.S. Treasury Notes 1.62%
  6. TOBACCO SETTLEMENT FING CORP VA 1.29%
  7. Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc 1.02%
  8. U.S. Treasury Notes 1.01%
  9. CCO Holdings LLC / CCO Holdings Capital Corp 0.95%
  10. Glencore Funding LLC 0.93%

Asset Allocation

Weighting Return Low Return High NEZAX % Rank
Bonds 		81.66% 0.00% 199.60% 65.99%
Other 		11.51% -75.22% 147.15% 29.49%
Convertible Bonds 		8.00% 0.00% 33.50% 5.29%
Stocks 		7.31% -6.18% 99.68% 16.69%
Preferred Stocks 		0.43% 0.00% 21.58% 22.00%
Cash 		0.00% -94.66% 99.97% 95.48%

Stock Sector Breakdown

Weighting Return Low Return High NEZAX % Rank
Communication Services 		24.04% 0.00% 100.00% 10.14%
Healthcare 		16.84% 0.00% 18.60% 2.32%
Technology 		16.40% 0.00% 28.30% 12.75%
Industrials 		11.90% 0.00% 100.00% 19.13%
Consumer Defense 		8.99% 0.00% 99.97% 10.43%
Financial Services 		5.30% 0.00% 100.00% 46.67%
Utilities 		4.85% 0.00% 100.00% 20.29%
Energy 		3.57% 0.00% 100.00% 61.74%
Consumer Cyclical 		3.01% 0.00% 89.95% 28.99%
Basic Materials 		2.63% 0.00% 100.00% 24.93%
Real Estate 		2.47% 0.00% 100.00% 37.10%

Stock Geographic Breakdown

Weighting Return Low Return High NEZAX % Rank
US 		7.31% -6.18% 99.68% 15.60%
Non US 		0.00% -0.30% 17.73% 20.75%

Bond Sector Breakdown

Weighting Return Low Return High NEZAX % Rank
Corporate 		56.42% 0.00% 96.66% 26.89%
Government 		20.63% 0.00% 99.43% 28.02%
Securitized 		11.49% 0.00% 99.65% 64.57%
Municipal 		1.61% 0.00% 54.26% 8.53%
Derivative 		0.40% -75.22% 147.15% 20.19%
Cash & Equivalents 		0.00% 0.00% 94.89% 94.68%

Bond Geographic Breakdown

Weighting Return Low Return High NEZAX % Rank
US 		78.17% 0.00% 199.60% 50.08%
Non US 		3.49% 0.00% 74.14% 44.93%

NEZAX - Expenses

Operational Fees

NEZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.03% 34.13% 45.41%
Management Fee 0.58% 0.00% 2.29% 44.58%
12b-1 Fee 0.25% 0.00% 1.00% 29.86%
Administrative Fee 0.25% 0.00% 0.70% 77.46%

Sales Fees

NEZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

NEZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NEZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 99.00% 0.00% 632.00% 64.72%

NEZAX - Distributions

Dividend Yield Analysis

NEZAX Category Low Category High NEZAX % Rank
Dividend Yield 10.59% 0.00% 23.30% 35.09%

Dividend Distribution Analysis

NEZAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

NEZAX Category Low Category High NEZAX % Rank
Net Income Ratio 1.60% -1.55% 11.51% 84.94%

Capital Gain Distribution Analysis

NEZAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

NEZAX - Fund Manager Analysis

Managers

Matthew Eagan

Start Date

Tenure

Tenure Rank

Feb 01, 2007

15.34

15.3%

Matthew J. Eagan is an Executive Vice President and a member of the Board of Directors of Loomis Sayles. Mr. Eagan started his investment career in 1989 and joined Loomis Sayles in 1997. Previously, he worked for Liberty Mutual Insurance Company as a senior fixed-income analyst and for BancBoston Financial Company as a senior credit analyst. Mr. Eagan received his BA from Northeastern University and his MBA from Boston University. He is a CFA® charterholder.

Elaine Stokes

Start Date

Tenure

Tenure Rank

Feb 01, 2007

15.34

15.3%

Elaine M. Stokes is an Executive Vice President and a member of the Board of Directors of Loomis Sayles. She has joined Loomis Sayles in 1988. Prior to becoming a portfolio manager in 2000, she had experience working in high yield, global and emerging markets, serving as a senior fixed-income trader and portfolio specialist. Ms. Stokes is co-head and founder of the Loomis Sayles Women's Network group and is on the executive board for the Strong Women, Strong Girls nonprofit organization. Ms. Stokes earned a BS from St. Michael's College.

Brian Kennedy

Start Date

Tenure

Tenure Rank

Jun 30, 2016

5.92

5.9%

Brian Kennedy is a Vice President of Loomis, Sayles & Company and co-portfolio manager of the firm’s multisector institutional strategies and mutual funds. Mr. Kennedy joined Loomis Sayles in 1994 as a securitized and government bond trader. Mr. Kennedy first joined the full discretion investment team as product manager in 2009, was promoted in 2013 to co-portfolio manager of the investment grade bond products and again in 2016 to co-portfolio manager of the multisector suite of products. He earned a BS from Providence College and an MBA from Babson College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.71 3.19

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