Loomis Sayles Fixed Income Fund
Fund
LSFIX
Price as of:
$11.29
+ $0.02
+ 0.18%
Primary Theme
fund company
Name
As of 04/19/2024Price
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
Vitals
YTD Return
-2.0%
1 yr return
2.9%
3 Yr Avg Return
-1.4%
5 Yr Avg Return
1.6%
Net Assets
$440 M
Holdings in Top 10
21.0%
52 WEEK LOW AND HIGH
$11.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.61%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 99.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$3,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/19/2024Price
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
LSFIX - Profile
Distributions
- YTD Total Return -2.0%
- 3 Yr Annualized Total Return -1.4%
- 5 Yr Annualized Total Return 1.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.27%
- Dividend Yield 4.5%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameLoomis Sayles Fixed Income Fund
-
Fund Family NameNatixis Loomis Sayles Funds
-
Inception DateJun 29, 1998
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerElaine Stokes
Fund Description
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in fixed-income securities. The Fund may invest up to 35% of its assets in below investment-grade fixed-income securities (commonly known as “junk bonds”) and up to 20% of its assets in equity securities, such as common stocks and preferred stocks. 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., Fitch Investor Services, Inc. or S&P Global Ratings) have rated the securities in one of their respective top four ratings categories). The Fund’s fixed-income securities investments may include unrated securities (securities that are not rated by a rating agency) if Loomis Sayles determines that the securities are of comparable quality to rated securities that the Fund may purchase. The Fund may invest in fixed-
income securities of any maturity.
In deciding which securities to buy and sell, Loomis Sayles may consider a number of factors related to the bond issue and the current bond market, including, for example, the stability and volatility of a country’s bond markets, the financial strength of the issuer, current interest rates, current valuations, Loomis Sayles’ expectations regarding general trends in interest rates and currency considerations. Loomis Sayles will also consider how purchasing or selling a bond would impact the overall portfolio’s risk profile (for example, its sensitivity to currency risk, interest rate risk and sector-specific risk) and potential return (income and capital gains).
Three themes typically drive the Fund’s investment approach. First, Loomis Sayles generally seeks fixed-income securities that are attractively valued relative to the Loomis Sayles’ credit research team’s assessment of credit risk. The broad coverage combined with the objective of identifying attractive investment opportunities makes this an important component of the investment approach. Second, the Fund may invest significantly in securities the prices of which Loomis Sayles believes are more sensitive to events related to the underlying issuer than to changes in general interest rates or overall market default rates. These securities may not have a direct correlation with changes in interest rates, thus helping to manage interest rate risk and to offer diversified sources for return. Third, Loomis Sayles analyzes different sectors of the economy and differences in the yields (“spreads”) of various fixed-income securities (U.S. government securities, investment-grade corporate securities, securitized assets, high-yield corporate securities, emerging market securities, non-U.S. sovereigns and credits, convertibles, bank loans and municipals) in an effort to find securities that it believes may produce attractive returns for the Fund in comparison to their risk.
In deciding which equity securities to buy and sell, Loomis Sayles intends to emphasize dividend-paying stocks issued by companies with strong fundamentals and relatively limited anticipated volatility to supplement its fixed-income holdings. These securities will be selected with the same bottom-up investment process that is the foundation of the Fund’s overall strategy.
The Fund may invest up to 20% of its assets in foreign securities, including emerging market securities. The Fund may invest without limit in obligations of supranational entities (e.g., the World Bank). Although certain securities purchased by the Fund may be issued by domestic companies incorporated outside of the United States, the Adviser does not consider these securities to be foreign if the issuer is included in the U.S. fixed-income indices published by Bloomberg.
The fixed-income securities in which the Fund may invest include, among other instruments, corporate bonds and other debt securities (including junior and senior bonds), U.S. government securities, commercial paper, collateralized loan obligations, zero-coupon securities, mortgage-backed securities, stripped mortgage-backed securities, collateralized mortgage obligations and other asset-backed securities, including mortgage dollar rolls, when-issued securities, real estate investment trusts (“REITs”), securities issued pursuant to Rule 144A under the Securities Act of 1933 (“Rule 144A securities”), other privately placed investments such as private credit investments, repurchase agreements and convertible securities. The Fund may also engage in options and futures transactions, foreign currency transactions (such as forward currency contracts) and swap transactions (including credit default swaps, in which one party agrees to make periodic payments to a counterparty in exchange for the right to receive a payment in the event of a default of the underlying reference security).
LSFIX - Performance
Return Ranking - Trailing
| Period | LSFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.0% | -13.1% | 8.9% | 88.39% |
| 1 Yr | 2.9% | -10.5% | 27.7% | 77.09% |
| 3 Yr | -1.4%* | -17.6% | 17.9% | 70.29% |
| 5 Yr | 1.6%* | -13.3% | 14.8% | 56.23% |
| 10 Yr | 2.3%* | -13.6% | 6.5% | 45.70% |
* Annualized
Return Ranking - Calendar
| Period | LSFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.6% | -12.0% | 15.7% | 31.99% |
| 2022 | -13.1% | -31.8% | 18.4% | 49.13% |
| 2021 | -3.2% | -26.6% | 25.7% | 77.25% |
| 2020 | -0.8% | -49.2% | 18.7% | 71.05% |
| 2019 | 8.9% | -35.1% | 15.3% | 6.68% |
Total Return Ranking - Trailing
| Period | LSFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.0% | -13.1% | 8.9% | 88.39% |
| 1 Yr | 2.9% | -10.5% | 27.7% | 77.09% |
| 3 Yr | -1.4%* | -17.6% | 17.9% | 70.29% |
| 5 Yr | 1.6%* | -13.3% | 14.8% | 56.23% |
| 10 Yr | 2.3%* | -13.6% | 6.5% | 45.70% |
* Annualized
Total Return Ranking - Calendar
| Period | LSFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.2% | -7.0% | 22.2% | 44.98% |
| 2022 | -11.7% | -31.8% | 21.1% | 73.69% |
| 2021 | 2.9% | -13.5% | 49.9% | 33.72% |
| 2020 | 5.4% | -28.6% | 24.1% | 52.40% |
| 2019 | 13.5% | -4.8% | 19.1% | 6.87% |
NAV & Total Return History
LSFIX - Holdings
Concentration Analysis
| LSFIX | Category Low | Category High | LSFIX % Rank | |
|---|---|---|---|---|
| Net Assets | 440 M | 2.53 M | 143 B | 53.65% |
| Number of Holdings | 675 | 4 | 9868 | 38.36% |
| Net Assets in Top 10 | 94.5 M | -1.57 B | 65.8 B | 61.49% |
| Weighting of Top 10 | 20.99% | 0.7% | 170.6% | 68.89% |
Top 10 Holdings
- United States Treasury Note/Bond 9.15%
- United States Treasury Note/Bond 3.17%
- United States Treasury Bill- When Issued 2.28%
- FIXED INC CLEARING CORP.REPO 1.55%
- Cemex SAB de CV 0.89%
- Continental Resources Inc/OK 0.89%
- Micron Technology Inc 0.82%
- Bank of America Corp 0.79%
- TOBACCO SETTLEMENT FING CORP VA 0.72%
- Glencore Funding LLC 0.72%
Asset Allocation
| Weighting | Return Low | Return High | LSFIX % Rank | |
|---|---|---|---|---|
| Bonds | 81.56% | -150.81% | 203.29% | 64.08% |
| Other | 14.15% | -62.91% | 100.00% | 18.87% |
| Convertible Bonds | 4.57% | 0.00% | 33.50% | 18.75% |
| Cash | 2.28% | -94.66% | 258.91% | 63.62% |
| Stocks | 1.63% | -1.60% | 99.88% | 35.62% |
| Preferred Stocks | 0.40% | 0.00% | 30.46% | 23.59% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LSFIX % Rank | |
|---|---|---|---|---|
| Communication Services | 26.39% | 0.00% | 100.00% | 8.43% |
| Healthcare | 17.56% | 0.00% | 18.60% | 0.84% |
| Technology | 12.60% | 0.00% | 28.30% | 16.29% |
| Industrials | 12.40% | 0.00% | 100.00% | 16.85% |
| Consumer Defense | 9.36% | 0.00% | 99.97% | 9.55% |
| Utilities | 5.05% | 0.00% | 100.00% | 19.94% |
| Financial Services | 4.46% | 0.00% | 100.00% | 49.72% |
| Energy | 3.74% | 0.00% | 100.00% | 60.67% |
| Consumer Cyclical | 3.14% | 0.00% | 89.95% | 27.81% |
| Basic Materials | 2.73% | 0.00% | 100.00% | 24.44% |
| Real Estate | 2.57% | 0.00% | 100.00% | 36.52% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LSFIX % Rank | |
|---|---|---|---|---|
| US | 1.63% | -1.47% | 99.88% | 33.64% |
| Non US | 0.00% | -0.13% | 17.73% | 80.97% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | LSFIX % Rank | |
|---|---|---|---|---|
| Corporate | 49.09% | 0.00% | 96.66% | 35.95% |
| Government | 21.26% | 0.00% | 99.43% | 27.47% |
| Securitized | 20.39% | 0.00% | 99.65% | 43.33% |
| Cash & Equivalents | 2.28% | 0.00% | 88.14% | 53.59% |
| Municipal | 0.96% | 0.00% | 54.26% | 15.23% |
| Derivative | 0.91% | -62.91% | 37.37% | 14.81% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | LSFIX % Rank | |
|---|---|---|---|---|
| US | 79.10% | -151.11% | 203.29% | 48.10% |
| Non US | 2.46% | 0.00% | 67.77% | 50.99% |
LSFIX - Expenses
Operational Fees
| LSFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.61% | 0.01% | 20.67% | 90.74% |
| Management Fee | 0.50% | 0.00% | 2.29% | 26.13% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 13.84% |
| Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
| LSFIX 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% | 5.00% | N/A |
Trading Fees
| LSFIX 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.
| LSFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 99.00% | 0.00% | 632.00% | 65.07% |
LSFIX - Distributions
Dividend Yield Analysis
| LSFIX | Category Low | Category High | LSFIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.50% | 0.00% | 23.30% | 63.20% |
Dividend Distribution Analysis
| LSFIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| LSFIX | Category Low | Category High | LSFIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.27% | -1.55% | 11.51% | 38.18% |
Capital Gain Distribution Analysis
| LSFIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $0.508 | OrdinaryDividend |
| Dec 22, 2022 | $0.170 | OrdinaryDividend |
| Dec 18, 2019 | $0.565 | OrdinaryDividend |
| Dec 18, 2018 | $0.588 | OrdinaryDividend |
| Dec 20, 2016 | $0.456 | OrdinaryDividend |
| Dec 21, 2015 | $0.605 | OrdinaryDividend |
| Dec 18, 2014 | $0.655 | OrdinaryDividend |
| Dec 18, 2013 | $0.762 | OrdinaryDividend |
| Dec 18, 2012 | $0.744 | OrdinaryDividend |
| Dec 09, 2010 | $0.836 | OrdinaryDividend |
| Dec 11, 2009 | $0.727 | OrdinaryDividend |
| Dec 15, 2006 | $0.901 | OrdinaryDividend |
| Dec 29, 2005 | $0.049 | ExtraDividend |
| Dec 16, 2005 | $0.976 | OrdinaryDividend |
| Dec 28, 2004 | $1.370 | OrdinaryDividend |
LSFIX - Fund Manager Analysis
Managers
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.
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.
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 | 5.72 | 3.19 |