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Trending ETFs

Loomis Sayles Senior Floating Rate and Fixed Income Fund

mutual fund
LSFYX
Payout Change
Pending
Price as of:
$8.2 -0.02 -0.24%
primary theme
Bank Loan
share class
Y (LSFYX) C (LSFCX) N (LSFNX) A (LSFAX)
LSFYX (Mutual Fund)

Loomis Sayles Senior Floating Rate and Fixed Income Fund

Payout Change
Pending
Price as of:
$8.2 -0.02 -0.24%
primary theme
Bank Loan
share class
Y (LSFYX) C (LSFCX) N (LSFNX) A (LSFAX)
LSFYX (Mutual Fund)

Loomis Sayles Senior Floating Rate and Fixed Income Fund

Payout Change
Pending
Price as of:
$8.2 -0.02 -0.24%
primary theme
Bank Loan
share class
Y (LSFYX) C (LSFCX) N (LSFNX) A (LSFAX)

Name

As of 12/19/2024

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 Senior Floating Rate and Fixed Income Fund

LSFYX | Fund

$8.20

$807 M

7.55%

$0.62

0.92%

Vitals

YTD Return

7.2%

1 yr return

8.2%

3 Yr Avg Return

5.0%

5 Yr Avg Return

4.2%

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 0.92%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 79.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

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 Senior Floating Rate and Fixed Income Fund

LSFYX | Fund

$8.20

$807 M

7.55%

$0.62

0.92%

LSFYX - Profile

Distributions

  • YTD Total Return 7.2%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.80%
DIVIDENDS
  • Dividend Yield 7.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Loomis Sayles Senior Floating Rate and Fixed Income Fund
  • Fund Family Name
    Natixis Loomis Sayles Funds
  • Inception Date
    Sep 30, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John 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.
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LSFYX - Performance

Return Ranking - Trailing

Period LSFYX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -4.4% 10.5% 75.76%
1 Yr 8.2% -3.9% 11.1% 48.11%
3 Yr 5.0%* -6.7% 8.3% 71.43%
5 Yr 4.2%* -6.4% 38.1% 58.51%
10 Yr 4.2%* -2.0% 20.0% 29.28%

* Annualized

Return Ranking - Calendar

Period LSFYX Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -12.0% 11.1% 72.83%
2022 -10.1% -22.9% 5.1% 83.72%
2021 0.9% -12.2% 11.1% 54.37%
2020 -3.9% -14.1% 289.8% 76.45%
2019 -1.1% -8.1% 7.5% 91.49%

Total Return Ranking - Trailing

Period LSFYX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -4.4% 10.5% 75.76%
1 Yr 8.2% -3.9% 11.1% 48.11%
3 Yr 5.0%* -6.7% 8.3% 71.43%
5 Yr 4.2%* -6.4% 38.1% 58.51%
10 Yr 4.2%* -2.0% 20.0% 29.28%

* Annualized

Total Return Ranking - Calendar

Period LSFYX Return Category Return Low Category Return High Rank in Category (%)
2023 12.3% -12.0% 22.1% 54.34%
2022 -4.7% -22.9% 5.1% 80.23%
2021 4.9% -10.2% 11.1% 43.25%
2020 1.4% -14.1% 306.9% 58.26%
2019 5.4% -3.6% 10.5% 83.83%

NAV & Total Return History

LSFYX - Holdings

Concentration Analysis

LSFYX Category Low Category High LSFYX % Rank
Net Assets 807 M 29.9 M 13.5 B 45.95%
Number of Holdings 293 2 2051 67.70%
Net Assets in Top 10 116 M -191 M 2.37 B 42.80%
Weighting of Top 10 14.23% 5.2% 100.7% 48.44%

Top 10 Holdings

  1. FIXED INC CLEARING CORP.REPO 5.61%
  2. U.S. Treasury Bills 2.45%
  3. SPDR Blackstone Senior Loan ETF 0.89%
  4. MH Sub I LLC 2021 2nd Lien Term Loan 0.89%
  5. DirecTV Financing LLC 2024 Term Loan 0.87%
  6. Amynta Agency Borrower Inc 2024 Term Loan B 0.73%
  7. Invesco Senior Loan ETF 0.72%
  8. PUG LLC 2024 Extended Term Loan B 0.71%
  9. Cengage Learning Inc 2024 Term Loan B 0.68%
  10. PetSmart Inc 2021 Term Loan B 0.66%

Asset Allocation

Weighting Return Low Return High LSFYX % Rank
Bonds 		92.99% 0.00% 161.82% 68.09%
Other 		5.61% -52.39% 26.58% 5.45%
Cash 		2.45% -61.90% 16.36% 55.25%
Stocks 		2.28% 0.00% 100.74% 31.91%
Preferred Stocks 		0.00% -3.99% 7.54% 47.08%
Convertible Bonds 		0.00% 0.00% 5.51% 52.55%

Stock Sector Breakdown

Weighting Return Low Return High LSFYX % Rank
Healthcare 		100.00% 0.00% 100.00% 0.87%
Utilities 		0.00% 0.00% 100.00% 39.13%
Technology 		0.00% 0.00% 100.00% 41.74%
Real Estate 		0.00% 0.00% 48.61% 26.96%
Industrials 		0.00% 0.00% 100.00% 57.39%
Financial Services 		0.00% 0.00% 89.61% 30.43%
Energy 		0.00% 0.00% 100.00% 66.96%
Communication Services 		0.00% 0.00% 100.00% 62.61%
Consumer Defense 		0.00% 0.00% 100.00% 42.61%
Consumer Cyclical 		0.00% 0.00% 97.66% 51.30%
Basic Materials 		0.00% 0.00% 1.36% 26.96%

Stock Geographic Breakdown

Weighting Return Low Return High LSFYX % Rank
US 		2.28% -0.01% 100.74% 31.91%
Non US 		0.00% 0.00% 0.68% 37.74%

Bond Sector Breakdown

Weighting Return Low Return High LSFYX % Rank
Corporate 		89.36% 0.00% 99.80% 49.02%
Cash & Equivalents 		2.45% 0.00% 25.03% 49.03%
Derivative 		0.00% -11.46% 0.67% 38.91%
Securitized 		0.00% 0.00% 91.68% 55.29%
Municipal 		0.00% 0.00% 0.47% 27.45%
Government 		0.00% 0.00% 3.18% 39.61%

Bond Geographic Breakdown

Weighting Return Low Return High LSFYX % Rank
US 		92.99% 0.00% 124.50% 42.80%
Non US 		0.00% 0.00% 63.23% 55.64%

LSFYX - Expenses

Operational Fees

LSFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.92% 0.03% 5.51% 65.15%
Management Fee 0.60% 0.00% 1.89% 36.74%
12b-1 Fee 0.00% 0.00% 1.00% 2.26%
Administrative Fee N/A 0.02% 0.27% N/A

Sales Fees

LSFYX 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

LSFYX 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.

LSFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 79.00% 4.00% 180.00% 66.53%

LSFYX - Distributions

Dividend Yield Analysis

LSFYX Category Low Category High LSFYX % Rank
Dividend Yield 7.55% 0.00% 11.13% 16.60%

Dividend Distribution Analysis

LSFYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LSFYX Category Low Category High LSFYX % Rank
Net Income Ratio 3.80% 1.77% 9.82% 38.74%

Capital Gain Distribution Analysis

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

Distributions History

View More +

LSFYX - 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

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