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Name

As of 04/17/2024

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 Securitized Asset Fund

LSSAX | Fund

$7.41

$1.31 B

3.85%

$0.28

-

Vitals

YTD Return

-2.3%

1 yr return

1.6%

3 Yr Avg Return

-2.6%

5 Yr Avg Return

190.6%

Net Assets

$1.31 B

Holdings in Top 10

34.2%

52 WEEK LOW AND HIGH

$7.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio N/A

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 98.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

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 Securitized Asset Fund

LSSAX | Fund

$7.41

$1.31 B

3.85%

$0.28

-

LSSAX - Profile

Distributions

  • YTD Total Return -2.3%
  • 3 Yr Annualized Total Return -2.6%
  • 5 Yr Annualized Total Return 190.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.68%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Loomis Sayles Securitized Asset Fund
  • Fund Family Name
    Natixis Loomis Sayles Funds
  • Inception Date
    Mar 02, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alessandro Pagani

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 diversified portfolio of securitized assets, such as mortgage-backed and other asset-backed securities. The Fund may invest in asset-backed securities of any type, including residential and commercial asset-backed securities, asset-backed securities related to automobiles, credit cards, home equity loans, manufactured housing, utilities, and other miscellaneous asset-backed securities. The Fund may only buy securities that are rated investment-grade at the time of purchase by at least one of the three major rating agencies (Moody’s Investors Service, Inc., Fitch Investor Services, Inc. or S&P Global Ratings) or, if unrated, are determined by Loomis Sayles to be of comparable quality. It is expected that a majority of the Fund’s securities will be rated AAA or Aaa by at least one of the rating agencies at the time of
purchase. The Fund may continue to hold securities that are downgraded in credit rating subsequent to their purchase if Loomis Sayles believes it would be advantageous to do so.
The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts (including on a “to be announced” basis) or by using investment techniques such as buybacks and dollar rolls.
Loomis Sayles uses a bottom-up, fundamental research process to select individual securities for the Fund. The decision to buy or sell a particular security is largely driven by Loomis Sayles’ view of the fundamentals of the issue compared to the prevailing market valuation, which may be higher (suggesting a potential sell decision) or lower (suggesting a potential buy decision). Loomis Sayles also may seek to construct a portfolio with risk characteristics similar, but not identical to, certain of the securities in the Bloomberg U.S. Securitized Bond Index (the “Index”). Examples of typical risk characteristics that Loomis Sayles might consider include average life, credit quality, effective duration, yield curve exposure and sector exposure. The portfolio will not necessarily exhibit similarities with the Index for some or all risk characteristics. It is currently anticipated that the Fund’s effective duration will be within +/- 1 year of the effective duration of the Index.
In deciding which securities to buy and sell, Loomis Sayles will consider, among other things, the financial strength of the issuer, current interest rates, current valuations, Loomis Sayles’ expectations regarding future changes in interest rates and comparisons of the level of risk associated with particular investments with Loomis Sayles’ expectations concerning the potential return of those investments.
The Fund’s investments may also include, among other things, the following: fixed and floating-rate instruments, mortgage pass-through securities issued or guaranteed by agencies or instrumentalities of the U.S. government, collateralized mortgage obligations, commercial mortgage-backed securities, mortgage-related asset-backed securities, other collateralized asset-backed securities, securities issued pursuant to Rule 144A under the Securities Act of 1933 (“Rule 144A Securities”), other privately placed investments such as private credit instruments, U.S. government securities, corporate debt securities, zero-coupon securities, step coupon securities, commercial paper, structured notes, other mortgage-related securities (including adjustable rate mortgage securities, stripped mortgage-backed securities and mortgage dollar rolls), when-issued securities and repurchase agreements. The Fund may also invest in options, futures and swaps (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).
The Fund may also engage in active and frequent trading of securities. Frequent trading may produce a high level of taxable gains, including short-term capital gains taxable as ordinary income, as well as increased trading costs, which may lower the Fund’s return.
Read More

LSSAX - Performance

Return Ranking - Trailing

Period LSSAX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -13.2% 2.8% 40.67%
1 Yr 1.6% -11.0% 10.6% 17.21%
3 Yr -2.6%* -11.1% 24.7% 14.90%
5 Yr 190.6%* -6.8% 190.4% 0.11%
10 Yr 73.4%* -2.6% 73.3% 0.17%

* Annualized

Return Ranking - Calendar

Period LSSAX Return Category Return Low Category Return High Rank in Category (%)
2023 1.1% -16.2% 8.1% 86.16%
2022 -17.0% -34.7% 131.9% 75.69%
2021 -5.4% -11.6% 4.4% 94.80%
2020 -1.3% -10.1% 946.1% 98.02%
2019 1.1% -1.7% 16.9% 98.74%

Total Return Ranking - Trailing

Period LSSAX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -13.2% 2.8% 40.67%
1 Yr 1.6% -11.0% 10.6% 17.21%
3 Yr -2.6%* -11.1% 24.7% 14.90%
5 Yr 190.6%* -6.8% 190.4% 0.11%
10 Yr 73.4%* -2.6% 73.3% 0.17%

* Annualized

Total Return Ranking - Calendar

Period LSSAX Return Category Return Low Category Return High Rank in Category (%)
2023 7.0% -11.3% 11.0% 17.53%
2022 -11.8% -32.2% 131.9% 10.27%
2021 0.6% -9.4% 9.2% 12.00%
2020 4.7% -1.9% 1009.0% 93.96%
2019 21668.0% 1.1% 21668.0% 0.11%

NAV & Total Return History

LSSAX - Holdings

Concentration Analysis

LSSAX Category Low Category High LSSAX % Rank
Net Assets 1.31 B 2.9 M 314 B 50.83%
Number of Holdings 579 1 17889 56.15%
Net Assets in Top 10 433 M -106 M 36.5 B 45.53%
Weighting of Top 10 34.19% 4.4% 134.1% 25.91%

Top 10 Holdings

  1. Fannie Mae Pool 7.62%
  2. Fannie Mae Pool 5.88%
  3. Fannie Mae Pool 5.75%
  4. Fannie Mae Pool 2.92%
  5. Fannie Mae Pool 2.53%
  6. Fannie Mae Pool 2.52%
  7. Fannie Mae Pool 2.06%
  8. Fannie Mae Pool 1.74%
  9. Uniform Mortgage-Backed Security, TBA 1.70%
  10. Fannie Mae Pool 1.47%

Asset Allocation

Weighting Return Low Return High LSSAX % Rank
Bonds 		79.73% 0.00% 215.98% 90.78%
Other 		21.23% -13.23% 50.66% 5.11%
Cash 		2.19% -54.51% 79.52% 58.31%
Stocks 		0.00% 0.00% 99.93% 40.33%
Preferred Stocks 		0.00% 0.00% 74.68% 36.87%
Convertible Bonds 		0.00% 0.00% 7.93% 87.52%

Bond Sector Breakdown

Weighting Return Low Return High LSSAX % Rank
Securitized 		88.50% 0.00% 98.40% 2.18%
Cash & Equivalents 		2.19% 0.00% 76.23% 53.98%
Derivative 		0.68% -5.38% 50.66% 18.09%
Municipal 		0.09% 0.00% 100.00% 66.73%
Corporate 		0.00% 0.00% 100.00% 98.51%
Government 		0.00% 0.00% 86.23% 97.33%

Bond Geographic Breakdown

Weighting Return Low Return High LSSAX % Rank
US 		79.73% 0.00% 215.98% 88.99%
Non US 		0.00% 0.00% 39.04% 45.03%

LSSAX - Expenses

Operational Fees

LSSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 39.10% 100.00%
Management Fee 0.00% 0.00% 1.76% 0.40%
12b-1 Fee 0.00% 0.00% 1.00% 0.61%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

LSSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LSSAX 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.

LSSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 98.00% 2.00% 493.39% 42.38%

LSSAX - Distributions

Dividend Yield Analysis

LSSAX Category Low Category High LSSAX % Rank
Dividend Yield 3.85% 0.00% 9.95% 3.53%

Dividend Distribution Analysis

LSSAX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Monthly Monthly

Net Income Ratio Analysis

LSSAX Category Low Category High LSSAX % Rank
Net Income Ratio 2.68% -1.28% 4.79% 6.83%

Capital Gain Distribution Analysis

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

Distributions History

View More +

LSSAX - Fund Manager Analysis

Managers

Alessandro Pagani

Start Date

Tenure

Tenure Rank

Feb 01, 2010

12.33

12.3%

Alessandro Pagani, CFA, Vice President of Loomis Sayles, has over 22 years of investment experience and joined Loomis Sayles in 2008. Prior to joining Loomis Sayles, Mr. Pagani served as co-head of global research and credit at Cambridge Place Investment Management and director of asset-backed securities research at Banc One Capital Markets. He earned a doctoral degree in economics and commerce from the University of Brescia in Italy and holds the designation of Chartered Financial Analyst®.

Ian Anderson

Start Date

Tenure

Tenure Rank

Feb 01, 2013

9.33

9.3%

Ian Anderson is a vice president of Loomis, Sayles & Company. He is the agency MBS strategist for the mortgage and structured finance team, responsible for developing agency MBS research and relative value recommendations across all fixed income products. Ian is the lead portfolio manager for the dedicated agency MBS strategies and a co-agency MBS portfolio manager for the Loomis Sayles Core Plus Bond Fund. Ian joined Loomis Sayles in 2011 from Fannie Mae, where he held several positions over his 11 year tenure. Most recently, he was a senior portfolio manager for Fannie Mae’s investment portfolio。Prior to joining Loomis Sayles, Mr. Anderson served as a senior portfolio manager and an agency CMO trader for Fannie Mae and a research analyst for the Federal Reserve Board of Governors. He earned a B.S. in economics from The University of Chicago and an M.S. in finance from The George Washington University.

Barath Sankaran

Start Date

Tenure

Tenure Rank

Jul 01, 2021

0.92

0.9%

Barath W. Sankaran, CFA — Mr. Sankaran, Vice President of Loomis Sayles, began his investment career in 2009 and joined Loomis Sayles in 2009. Prior to Loomis Sayles, Mr. Sankaran held multiple roles at Johnson & Johnson. Mr. Sankaran earned a B.S. from Carnegie Mellon University and an M.B.A. from the Sloan School of Management at the Massachusetts Institute of Technology. He holds the designation of Chartered Financial Analyst®.

Stephen LaPlante

Start Date

Tenure

Tenure Rank

Jul 01, 2021

0.92

0.9%

Stephen M. LaPlante, CFA has served as portfolio manager of the Loomis Sayles Securitized Asset Fund since 2021. Mr. LaPlante, Vice President of Loomis Sayles, has over 11 years of investment experience and joined Loomis Sayles in 2017. Prior to joining Loomis Sayles, Mr. LaPlante was a senior analyst at Manulife, responsible for the mortgage credit sector. Mr. LaPlante earned a B.S. from Union College and an M.B.A. from Carnegie Mellon University. He holds the designation of Chartered Financial Analyst®.

Jennifer Thomas

Start Date

Tenure

Tenure Rank

Jul 01, 2021

0.92

0.9%

Jennifer M. Thomas has served as portfolio manager of the Loomis Sayles Securitized Asset Fund since 2021. Ms. Thomas, Vice President of Loomis Sayles, has over 18 years of investment experience and joined Loomis Sayles in 2007. Ms. Thomas earned a B.S. from Bryant University and an M.B.A. from Clark University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.81 1.16

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