Name
As of 12/24/2024Price
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
$8.18
$807 M
7.85%
$0.64
0.89%
Vitals
YTD Return
7.8%
1 yr return
8.9%
3 Yr Avg Return
5.2%
5 Yr Avg Return
4.3%
Net Assets
$807 M
Holdings in Top 10
14.2%
52 WEEK LOW AND HIGH
$8.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.89%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 79.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
$8.18
$807 M
7.85%
$0.64
0.89%
LSFNX - Profile
Distributions
- YTD Total Return 7.8%
- 3 Yr Annualized Total Return 5.2%
- 5 Yr Annualized Total Return 4.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.83%
- Dividend Yield 7.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameLoomis Sayles Senior Floating Rate and Fixed Income Fund
-
Fund Family NameNatixis Loomis Sayles Funds
-
Inception DateMar 31, 2017
-
Shares OutstandingN/A
-
Share ClassN
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Bell
Fund Description
Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in a combination of adjustable floating rate loans and other floating rate debt instruments issued by U.S. and non-U.S. corporations or other business entities and fixed-income securities, including derivatives that reference the returns of these instruments.
Under normal market conditions, the Fund will invest at least 65% of its net assets (plus any borrowings made for investment purposes) in floating rate loans that either hold a senior position in the capital structure of the borrower, hold an equal ranking with other senior debt, or have characteristics (such as a senior position secured by liens with other senior debt) that the Adviser believes justify treatment as senior debt (“Senior Loans”). The Fund may invest in Senior Loans directly as an original lender or by assignment from a lender, or it may invest indirectly through participation agreements, interests in collateralized loan obligations (“CLOs”) and derivatives that reference such instruments. Derivatives that reference the returns of Senior Loans may pay returns at fixed rather than variable rates. The Fund’s investments may also include, but are not limited to, subordinated loans, below investment grade corporate bonds and investment grade fixed-income debt securities. The fixed-income securities in which the Fund may invest include preferred stocks. The Fund may invest in pay-in-kind (“PIK”) securities and zero-coupon securities. The Fund may receive debt, equity or other securities or instruments as a result of the general restructuring of the debt of an issuer, the restructuring of a floating rate loan or as part of a package of securities acquired with a loan.
The Fund may invest any portion of its assets in securities of Canadian issuers and up to 20% of its net assets (plus any borrowings made for investment purposes) in other foreign securities, including up to 10% of its net assets (plus any borrowings made for investment purposes) in emerging market securities. 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.
Floating rate loans are debt obligations that have interest rates that adjust or “float” periodically (normally on a monthly or quarterly basis) based on a generally recognized base rate, such as the Secured Overnight Financing Rate (“SOFR”) or the prime rate offered by one or more major U.S. banks. Floating rate loans are generally unrated or rated less than investment grade and may be subject to restrictions on resale. The Fund may invest without limit in securities of any rating, including those that are in default. The Fund has no requirements as to the range of maturities of the debt instruments in which it can invest or as to the market capitalization of the issuers of those instruments.
The Fund may use derivative instruments, including, but not limited to, futures contracts, forward contracts, swaps (including, among others, credit default swap indices, loan-only credit default swaps and loan-only credit default swap indices) and structured notes to enhance income, to hedge against fluctuations in interest rates or currency exchange rates, and/or as a substitute for the purchase or sale of securities.
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, convertible securities, exchange-traded funds (“ETFs”), and mortgage-related securities, including adjustable rate mortgage securities and collateralized mortgage obligations, asset-backed securities, and U.S. government securities (including its agencies, instrumentalities and sponsored entities). The Fund may also engage in currency-related transactions. Except as provided above, the Fund is not limited in the percentage of its assets that it may invest in these instruments.
When deciding which securities to buy and sell, the Adviser will consider credit quality and whether credit quality is improving or declining, as well as return potential, in the context of market and economic risks. In addition to security selection, the Adviser expects to use cycle evaluation in conjunction with sector rotation in an effort to enhance or offset cyclical influences.
The Fund expects to engage in active and frequent trading of securities and other instruments. Effects of frequent trading may include high transaction costs, which may lower the Fund’s return, and realization of short-term capital gains, distributions of which are taxable to shareholders who are individuals as ordinary income. Trading costs and tax effects associated with frequent trading may adversely affect the Fund’s performance.
With the exception of the 80% test described above, the percentage limitations set forth herein are not investment restrictions and the Fund may exceed these limits from time to time. In addition, when calculating these exposures, the Fund may use the notional value or an adjusted notional value of a derivative to reflect what the Adviser believes to be the most accurate assessment of the Fund’s real economic exposure.
LSFNX - Performance
Return Ranking - Trailing
| Period | LSFNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.8% | -4.6% | 10.5% | 63.40% |
| 1 Yr | 8.9% | -4.4% | 11.0% | 27.92% |
| 3 Yr | 5.2%* | -6.8% | 8.3% | 63.64% |
| 5 Yr | 4.3%* | -4.7% | 38.1% | 55.60% |
| 10 Yr | N/A* | -0.3% | 20.0% | 21.63% |
* Annualized
Return Ranking - Calendar
| Period | LSFNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.5% | -12.0% | 11.1% | 72.08% |
| 2022 | -10.0% | -22.9% | 5.1% | 82.56% |
| 2021 | 0.8% | -12.2% | 11.1% | 62.70% |
| 2020 | -4.0% | -14.1% | 289.8% | 77.69% |
| 2019 | -1.1% | -8.1% | 7.5% | 91.49% |
Total Return Ranking - Trailing
| Period | LSFNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.8% | -4.6% | 10.5% | 63.40% |
| 1 Yr | 8.9% | -4.4% | 11.0% | 27.92% |
| 3 Yr | 5.2%* | -6.8% | 8.3% | 63.64% |
| 5 Yr | 4.3%* | -4.7% | 38.1% | 55.60% |
| 10 Yr | N/A* | -0.3% | 20.0% | 21.05% |
* Annualized
Total Return Ranking - Calendar
| Period | LSFNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | -12.0% | 22.1% | 52.45% |
| 2022 | -4.5% | -22.9% | 5.1% | 78.68% |
| 2021 | 4.8% | -10.2% | 11.1% | 46.43% |
| 2020 | 1.3% | -8.8% | 306.9% | 59.92% |
| 2019 | 5.5% | -3.6% | 12.1% | 83.40% |
NAV & Total Return History
LSFNX - Holdings
Concentration Analysis
| LSFNX | Category Low | Category High | LSFNX % Rank | |
|---|---|---|---|---|
| Net Assets | 807 M | 29.9 M | 13.5 B | 46.33% |
| Number of Holdings | 293 | 2 | 2051 | 68.09% |
| Net Assets in Top 10 | 116 M | -191 M | 2.37 B | 45.14% |
| Weighting of Top 10 | 14.23% | 5.2% | 100.7% | 50.39% |
Top 10 Holdings
- FIXED INC CLEARING CORP.REPO 5.61%
- U.S. Treasury Bills 2.45%
- SPDR Blackstone Senior Loan ETF 0.89%
- MH Sub I LLC 2021 2nd Lien Term Loan 0.89%
- DirecTV Financing LLC 2024 Term Loan 0.87%
- Amynta Agency Borrower Inc 2024 Term Loan B 0.73%
- Invesco Senior Loan ETF 0.72%
- PUG LLC 2024 Extended Term Loan B 0.71%
- Cengage Learning Inc 2024 Term Loan B 0.68%
- PetSmart Inc 2021 Term Loan B 0.66%
Asset Allocation
| Weighting | Return Low | Return High | LSFNX % Rank | |
|---|---|---|---|---|
| Bonds | 92.99% | 0.00% | 161.82% | 69.65% |
| Other | 5.61% | -52.39% | 26.58% | 5.84% |
| Cash | 2.45% | -61.90% | 16.36% | 55.64% |
| Stocks | 2.28% | 0.00% | 100.70% | 34.24% |
| Preferred Stocks | 0.00% | -3.99% | 7.54% | 52.53% |
| Convertible Bonds | 0.00% | 0.00% | 5.51% | 54.12% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LSFNX % Rank | |
|---|---|---|---|---|
| Healthcare | 100.00% | 0.00% | 100.00% | 1.74% |
| Utilities | 0.00% | 0.00% | 100.00% | 34.78% |
| Technology | 0.00% | 0.00% | 100.00% | 33.04% |
| Real Estate | 0.00% | 0.00% | 48.61% | 22.61% |
| Industrials | 0.00% | 0.00% | 100.00% | 53.91% |
| Financial Services | 0.00% | 0.00% | 89.61% | 25.22% |
| Energy | 0.00% | 0.00% | 100.00% | 66.09% |
| Communication Services | 0.00% | 0.00% | 100.00% | 65.22% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 39.13% |
| Consumer Cyclical | 0.00% | 0.00% | 97.66% | 44.35% |
| Basic Materials | 0.00% | 0.00% | 1.36% | 21.74% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LSFNX % Rank | |
|---|---|---|---|---|
| US | 2.28% | -0.01% | 100.70% | 34.24% |
| Non US | 0.00% | 0.00% | 0.68% | 40.08% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | LSFNX % Rank | |
|---|---|---|---|---|
| Corporate | 89.36% | 0.00% | 99.80% | 49.41% |
| Cash & Equivalents | 2.45% | 0.00% | 25.03% | 49.42% |
| Derivative | 0.00% | -11.46% | 0.67% | 36.19% |
| Securitized | 0.00% | 0.00% | 91.68% | 58.04% |
| Municipal | 0.00% | 0.00% | 0.47% | 28.24% |
| Government | 0.00% | 0.00% | 3.18% | 41.57% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | LSFNX % Rank | |
|---|---|---|---|---|
| US | 92.99% | 0.00% | 124.50% | 47.47% |
| Non US | 0.00% | 0.00% | 63.23% | 54.86% |
LSFNX - Expenses
Operational Fees
| LSFNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.89% | 0.03% | 5.51% | 67.42% |
| Management Fee | 0.60% | 0.00% | 1.89% | 37.88% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 2.26% |
| Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
| LSFNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| LSFNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| LSFNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 79.00% | 4.00% | 180.00% | 66.94% |
LSFNX - Distributions
Dividend Yield Analysis
| LSFNX | Category Low | Category High | LSFNX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 7.85% | 0.00% | 11.13% | 15.85% |
Dividend Distribution Analysis
| LSFNX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| LSFNX | Category Low | Category High | LSFNX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.83% | 1.77% | 9.82% | 36.36% |
Capital Gain Distribution Analysis
| LSFNX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 17, 2024 | $0.054 | OrdinaryDividend |
| Nov 27, 2024 | $0.052 | OrdinaryDividend |
| Oct 30, 2024 | $0.056 | OrdinaryDividend |
| Sep 27, 2024 | $0.057 | OrdinaryDividend |
| Aug 29, 2024 | $0.060 | OrdinaryDividend |
| Jul 30, 2024 | $0.063 | OrdinaryDividend |
| Apr 29, 2024 | $0.060 | OrdinaryDividend |
| Mar 27, 2024 | $0.065 | OrdinaryDividend |
| Feb 27, 2024 | $0.061 | OrdinaryDividend |
| Jan 30, 2024 | $0.064 | OrdinaryDividend |
| Dec 28, 2023 | $0.069 | OrdinaryDividend |
| Nov 29, 2023 | $0.062 | OrdinaryDividend |
| Oct 30, 2023 | $0.064 | OrdinaryDividend |
| Sep 28, 2023 | $0.063 | OrdinaryDividend |
| Aug 30, 2023 | $0.064 | OrdinaryDividend |
| Jul 28, 2023 | $0.063 | OrdinaryDividend |
| Jun 29, 2023 | $0.065 | OrdinaryDividend |
| May 30, 2023 | $0.063 | OrdinaryDividend |
| Apr 27, 2023 | $0.063 | OrdinaryDividend |
| Mar 30, 2023 | $0.064 | OrdinaryDividend |
| Feb 27, 2023 | $0.057 | OrdinaryDividend |
| Jan 30, 2023 | $0.061 | OrdinaryDividend |
| Dec 29, 2022 | $0.067 | OrdinaryDividend |
| Nov 29, 2022 | $0.054 | OrdinaryDividend |
| Oct 28, 2022 | $0.052 | OrdinaryDividend |
| Sep 29, 2022 | $0.048 | OrdinaryDividend |
| Aug 30, 2022 | $0.049 | OrdinaryDividend |
| Jul 28, 2022 | $0.041 | OrdinaryDividend |
| Jun 29, 2022 | $0.035 | OrdinaryDividend |
| May 27, 2022 | $0.034 | OrdinaryDividend |
| Apr 28, 2022 | $0.029 | OrdinaryDividend |
| Mar 30, 2022 | $0.031 | OrdinaryDividend |
| Feb 25, 2022 | $0.026 | OrdinaryDividend |
| Jan 28, 2022 | $0.030 | OrdinaryDividend |
| Dec 30, 2021 | $0.049 | OrdinaryDividend |
| Nov 29, 2021 | $0.027 | OrdinaryDividend |
| Oct 28, 2021 | $0.030 | OrdinaryDividend |
| Sep 29, 2021 | $0.028 | OrdinaryDividend |
| Aug 30, 2021 | $0.029 | OrdinaryDividend |
| Jul 29, 2021 | $0.026 | OrdinaryDividend |
| Jun 29, 2021 | $0.028 | OrdinaryDividend |
| May 27, 2021 | $0.029 | OrdinaryDividend |
| Apr 29, 2021 | $0.027 | OrdinaryDividend |
| Mar 30, 2021 | $0.029 | OrdinaryDividend |
| Feb 25, 2021 | $0.027 | OrdinaryDividend |
| Jan 28, 2021 | $0.022 | OrdinaryDividend |
| Dec 30, 2020 | $0.052 | OrdinaryDividend |
| Nov 27, 2020 | $0.030 | OrdinaryDividend |
| Oct 29, 2020 | $0.030 | OrdinaryDividend |
| Sep 29, 2020 | $0.034 | OrdinaryDividend |
| Aug 28, 2020 | $0.037 | OrdinaryDividend |
| Jul 30, 2020 | $0.036 | OrdinaryDividend |
| Jun 29, 2020 | $0.038 | OrdinaryDividend |
| May 28, 2020 | $0.037 | OrdinaryDividend |
| Apr 29, 2020 | $0.037 | OrdinaryDividend |
| Mar 30, 2020 | $0.044 | OrdinaryDividend |
| Feb 27, 2020 | $0.040 | OrdinaryDividend |
| Jan 30, 2020 | $0.048 | OrdinaryDividend |
| Dec 30, 2019 | $0.050 | OrdinaryDividend |
| Nov 27, 2019 | $0.045 | OrdinaryDividend |
| Oct 30, 2019 | $0.048 | OrdinaryDividend |
| Sep 27, 2019 | $0.045 | OrdinaryDividend |
| Aug 29, 2019 | $0.058 | OrdinaryDividend |
| Jul 29, 2019 | $0.056 | OrdinaryDividend |
| Jun 26, 2019 | $0.048 | OrdinaryDividend |
| May 29, 2019 | $0.056 | OrdinaryDividend |
| Apr 26, 2019 | $0.051 | OrdinaryDividend |
| Mar 27, 2019 | $0.046 | OrdinaryDividend |
| Feb 26, 2019 | $0.050 | OrdinaryDividend |
| Jan 29, 2019 | $0.050 | OrdinaryDividend |
| Dec 18, 2018 | $0.054 | OrdinaryDividend |
| Nov 28, 2018 | $0.050 | OrdinaryDividend |
| Oct 29, 2018 | $0.053 | OrdinaryDividend |
| Sep 26, 2018 | $0.047 | OrdinaryDividend |
| Aug 27, 2018 | $0.047 | OrdinaryDividend |
| Jul 27, 2018 | $0.051 | OrdinaryDividend |
| Jun 25, 2018 | $0.048 | OrdinaryDividend |
| May 25, 2018 | $0.044 | OrdinaryDividend |
| Apr 26, 2018 | $0.051 | OrdinaryDividend |
| Mar 27, 2018 | $0.043 | OrdinaryDividend |
| Feb 26, 2018 | $0.040 | OrdinaryDividend |
| Jan 29, 2018 | $0.046 | OrdinaryDividend |
| Dec 19, 2017 | $0.052 | OrdinaryDividend |
| Nov 27, 2017 | $0.044 | OrdinaryDividend |
| Oct 24, 2017 | $0.054 | OrdinaryDividend |
| Sep 25, 2017 | $0.049 | OrdinaryDividend |
| Aug 24, 2017 | $0.047 | OrdinaryDividend |
| Jul 25, 2017 | $0.049 | OrdinaryDividend |
| Jun 26, 2017 | $0.049 | OrdinaryDividend |
| May 25, 2017 | $0.044 | OrdinaryDividend |
| Apr 25, 2017 | $0.044 | OrdinaryDividend |
LSFNX - Fund Manager Analysis
Managers
John Bell
Start Date
Tenure
Tenure Rank
Sep 30, 2011
10.67
10.7%
John R. Bell has served as co-portfolio manager of Loomis, Sayles & Company, L.P.. Mr. Bell, Vice President of Loomis Sayles, began his investment career in 1988 and joined Loomis Sayles in 2001. Prior to joining Loomis Sayles, he was a vice president and portfolio manager at Back Bay Advisors and at Jurika & Voyles. Mr. Bell received a B.B.A. from the University of Massachusetts at Amherst and an M.B.A from the University of California, Berkeley.
Michael Klawitter
Start Date
Tenure
Tenure Rank
Jul 12, 2018
3.89
3.9%
Michael L. Klawitter, CFA® – Michael L. Klawitter has served as a co-portfolio manager of the Loomis Sayles Senior Floating Rate and Fixed Income Fund since 2018. Mr. Klawitter, Vice President of Loomis Sayles, began his investment career in 1997 and joined Loomis Sayles in 2000. He earned an undergraduate degree in philosophy from the University at Buffalo and an MS in finance from Boston College.
Heather Young
Start Date
Tenure
Tenure Rank
Feb 03, 2020
2.32
2.3%
Heather M. Young, CFA® – Ms. Young, Vice President of Loomis Sayles, began her investment career in 2006. She rejoined Loomis Sayles in 2016, and before that, had worked at Loomis Sayles from 2008 to 2011. She earned a B.A. in Economics from Boston University and an M.B.A. from the Massachusetts Institute of Technology. Ms. Young holds the designation of Chartered Financial Analyst®.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 21.18 | 6.08 | 3.25 |