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Name

As of 12/18/2024

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 Core Plus Bond Fund

NEFRX | Fund

$11.24

$7.87 B

3.69%

$0.42

0.75%

Vitals

YTD Return

0.7%

1 yr return

0.9%

3 Yr Avg Return

-2.4%

5 Yr Avg Return

0.2%

Net Assets

$7.87 B

Holdings in Top 10

19.2%

52 WEEK LOW AND HIGH

$11.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load 4.25%

Deferred Load N/A

TRADING FEES

Turnover 266.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/18/2024

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 Core Plus Bond Fund

NEFRX | Fund

$11.24

$7.87 B

3.69%

$0.42

0.75%

NEFRX - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.51%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Loomis Sayles Core Plus Bond Fund
  • Fund Family Name
    Natixis Loomis Sayles Funds
  • Inception Date
    Apr 26, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Palfrey

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 bonds, which include debt securities of any maturity. In addition, the Fund will invest at least 65% of its net assets in investment grade securities. “Investment grade” securities are those securities that are rated in one of the top four ratings categories at the time of purchase by at least one 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”)), or, if unrated, are determined by the Adviser to be of comparable quality. For purposes of this restriction, investment grade securities also include cash and cash equivalent securities. The Fund will generally seek to maintain an effective duration of +/- 2 years relative to the Bloomberg U.S. Aggregate Bond Index. Duration is a measure of the expected life of a fixed-income security that is used to determine the sensitivity of a security’s price to changes in interest rates. A fund with a longer average portfolio duration will be more sensitive to changes in interest rates than a fund with a shorter average portfolio duration. By way of example, the price of a bond fund with an average duration of five years would be expected to fall approximately 5% if interest rates rose by one percentage point. While the effective duration for the Bloomberg U.S. Aggregate Bond Index fluctuates, as of December 31, 2023, the effective duration was approximately 6.89 years. The Fund may also invest up to 20% of its assets, at the time of purchase, in bonds rated below investment grade (i.e., none of the three major ratings agencies (Moody’s, Fitch or S&P) have rated the securities in one of their top four ratings categories) (commonly known as “junk bonds”), or, if unrated, securities determined by the Adviser to be of comparable quality, and up to 10% of its assets in non-U.S. dollar-denominated securities. There is no minimum rating for the securities in which the Fund may invest.
The Fund’s investments may include securities issued by U.S. and non-U.S. corporations and governments, securities issued by supranational entities, U.S. government-sponsored agency debenture and pass-through securities, commercial mortgage-backed and other asset-backed securities and inflation-linked securities.
The portfolio management team seeks to build and manage a portfolio that will perform well on a benchmark-relative and, secondarily, on an absolute basis in the market environment it anticipates over the short to intermediate term. The primary factors for broad sector positioning are the Adviser’s expected performance of sectors in the benchmark and the incremental performance or diversification benefits the Fund’s portfolio managers anticipate from opportunistic allocations to securities that are not included in the Fund’s benchmark. In addition, the Fund’s portfolio managers will look at individual security selection, position size and overall duration contribution to the portfolio.
Purchase and sale considerations also include overall portfolio yield, interest rate sensitivity across different maturities held, fixed-income sector fundamentals and outlook, technical supply/demand factors, credit risk, cash flow variability, security optionality and structure, as well as potential currency and liquidity risk. The Adviser also considers economic factors. Individual securities are assessed on a risk/return basis, both on a benchmark-relative and on an absolute return basis, and on their fit within the overall portfolio strategy.
Specifically, the Adviser follows a total return-oriented investment approach and considers broad sector allocation, quality and liquidity bias, yield curve positioning and duration in selecting securities for the Fund. The Fund’s portfolio managers consider economic and market conditions as well as issuer-specific data, such as fixed-charge coverage, the relationship between cash flows and debt service obligations, the experience and perceived strength of management or security structure, price responsiveness of the security to interest rate changes, earnings prospects, debt as a percentage of assets, borrowing requirements, debt maturity schedules and liquidation value.
In selecting investments for the Fund, the Adviser’s research analysts and sector teams work closely with the Fund’s portfolio managers to develop an outlook for the economy from research produced by various financial firms and specific forecasting services or from economic data released by U.S. and foreign governments, as well as the Federal Reserve Bank. The analysts conduct a thorough review of individual securities to identify what they consider attractive values in the high quality bond market through the use of quantitative tools such as internal and external computer systems and software. The Adviser continuously monitors an issuer’s creditworthiness or cash flow stability to assess whether the obligation remains an appropriate investment for the Fund. It
may relax its emphasis on quality with respect to a given security if it believes that the issuer’s financial outlook is promising. This may create an opportunity for higher returns. The Adviser seeks to balance opportunities for yield and price performance by combining macro economic analysis with individual security selection. Fund holdings are generally diversified across sectors and industry groups such as utilities or telecommunications, which tend to move independently of the ebbs and flows in economic growth.
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, foreign securities, including those in emerging markets, mortgage-related securities, including mortgage dollar rolls, futures and swaps (including credit default swaps). The Fund may use such derivatives for hedging or 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.
The Fund may 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 returns, 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.
Read More

NEFRX - Performance

Return Ranking - Trailing

Period NEFRX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -7.5% 11.4% 86.51%
1 Yr 0.9% -6.5% 14.2% 87.86%
3 Yr -2.4%* -10.6% 27.3% 48.29%
5 Yr 0.2%* -7.5% 58.4% 38.25%
10 Yr 1.6%* -3.0% 73.7% 34.98%

* Annualized

Return Ranking - Calendar

Period NEFRX Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -16.2% 8.1% 50.10%
2022 -15.5% -34.7% 131.9% 35.11%
2021 -3.9% -11.6% 4.4% 75.97%
2020 5.9% -9.9% 946.1% 16.23%
2019 6.0% -1.7% 16.9% 34.45%

Total Return Ranking - Trailing

Period NEFRX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -7.5% 11.4% 86.51%
1 Yr 0.9% -6.5% 14.2% 87.86%
3 Yr -2.4%* -10.6% 27.3% 48.29%
5 Yr 0.2%* -7.5% 58.4% 38.25%
10 Yr 1.6%* -3.0% 73.7% 34.98%

* Annualized

Total Return Ranking - Calendar

Period NEFRX Return Category Return Low Category Return High Rank in Category (%)
2023 5.9% -11.3% 11.9% 54.68%
2022 -12.9% -32.2% 131.9% 27.45%
2021 -1.7% -9.4% 9.2% 76.42%
2020 10.3% -1.9% 1009.0% 14.96%
2019 8.8% 1.1% 21668.0% 51.86%

NAV & Total Return History

NEFRX - Holdings

Concentration Analysis

NEFRX Category Low Category High NEFRX % Rank
Net Assets 7.87 B 2.9 M 314 B 20.60%
Number of Holdings 824 1 17880 46.37%
Net Assets in Top 10 1.52 B 1.62 M 35.1 B 22.51%
Weighting of Top 10 19.19% 4.7% 3984.6% 66.88%

Top 10 Holdings

  1. U.S. Treasury Notes 3.37%
  2. U.S. Treasury Notes 2.28%
  3. U.S. Treasury Bonds 2.24%
  4. U.S. Treasury Notes 1.96%
  5. U.S. Treasury Notes 1.85%
  6. U.S. Treasury Notes 1.68%
  7. U.S. Treasury Notes 1.58%
  8. Fannie Mae Pool 1.51%
  9. U.S. Treasury Bonds 1.38%
  10. Fannie Mae Pool 1.35%

Asset Allocation

Weighting Return Low Return High NEFRX % Rank
Bonds 		94.32% 0.00% 9231.88% 54.24%
Other 		4.70% -27.25% 1695.17% 46.47%
Convertible Bonds 		2.40% 0.00% 7.93% 19.64%
Cash 		0.97% -54.51% 237.69% 76.45%
Stocks 		0.00% 0.00% 99.98% 75.88%
Preferred Stocks 		0.00% 0.00% 72.34% 73.44%

Bond Sector Breakdown

Weighting Return Low Return High NEFRX % Rank
Corporate 		39.36% 0.00% 100.00% 22.68%
Securitized 		32.22% 0.00% 98.40% 42.01%
Government 		16.06% 0.00% 86.23% 72.73%
Cash & Equivalents 		0.79% 0.00% 237.69% 73.03%
Municipal 		0.12% 0.00% 100.00% 65.62%
Derivative 		0.00% -6.56% 44.82% 73.44%

Bond Geographic Breakdown

Weighting Return Low Return High NEFRX % Rank
US 		90.69% 0.00% 9042.62% 60.79%
Non US 		3.64% 0.00% 189.26% 15.25%

NEFRX - Expenses

Operational Fees

NEFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.01% 39.64% 43.74%
Management Fee 0.32% 0.00% 1.76% 38.68%
12b-1 Fee 0.25% 0.00% 1.00% 46.94%
Administrative Fee N/A 0.01% 0.50% 92.25%

Sales Fees

NEFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 2.00% 5.75% 25.74%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

NEFRX 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.

NEFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 266.00% 2.00% 493.39% 80.85%

NEFRX - Distributions

Dividend Yield Analysis

NEFRX Category Low Category High NEFRX % Rank
Dividend Yield 3.69% 0.00% 10.11% 52.28%

Dividend Distribution Analysis

NEFRX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Monthly Quarterly

Net Income Ratio Analysis

NEFRX Category Low Category High NEFRX % Rank
Net Income Ratio 1.51% -1.28% 4.79% 63.57%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NEFRX - Fund Manager Analysis

Managers

Peter Palfrey

Start Date

Tenure

Tenure Rank

Dec 31, 1996

25.43

25.4%

Peter W. Palfrey, CFA, Vice President and portfolio manager for the Loomis Sayles fixed income group, began his investment career in 1983 and joined Loomis Sayles in 2001. Prior to joining Loomis Sayles, he worked for Back Bay Advisors as Senior Vice President and Portfolio Manager, and for MONY Capital Management as Investment Vice President and Portfolio Manager. Peter holds the designation of Chartered Financial Analyst. He received his B.A. from Colgate University.

Richard Raczkowski

Start Date

Tenure

Tenure Rank

May 01, 1999

23.1

23.1%

Richard G. Raczkowski is an Executive Vice President and a member of the Board of Directors of Loomis, Sayles & Company, L.P, portfolio manager for the Loomis Sayles fixed income group and co-head of the relative return team. Rick joined Loomis Sayles in 2001. Prior to Loomis Sayles, he served as vice president for Back Bay Advisors and was a senior consultant at both Hagler Bailly Consulting and EDS Management Consulting/A.T. Kearney. Rick also worked as an economist and industry analyst for DRI McGraw-Hill. Rick earned a BA from the University of Massachusetts and an MBA from Northeastern University.

Ian Anderson

Start Date

Tenure

Tenure Rank

Feb 01, 2020

2.33

2.3%

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

Feb 01, 2020

2.33

2.3%

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®.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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