About LSFNX
The Loomis Sayles Senior Floating Rate and Fixed Income Fund Class N is a mutual fund designed to deliver a high level of current income through a value-driven, opportunistic investment approach. It primarily allocates at least 65% of its assets to senior secured floating rate loans, which adjust coupons upward in rising interest rate environments, complemented by up to 35% in other fixed income securities such as high yield bonds. This strategy emphasizes macro-guided portfolio construction, long-term horizons, and deep fundamental credit research, enabling allocations to out-of-benchmark holdings for both offensive and defensive purposes. The fund holds approximately 255 issues with a weighted average duration of 0.15 years and average maturity of 5.14 years, predominantly in U.S. dollar-denominated securities from the United States and select international issuers including the Cayman Islands and United Kingdom. Credit quality skews toward below-investment-grade ratings, with about 60% in B-rated loans, alongside exposures to emerging markets up to 10%. Managed by a team led by Matt Eagan, it features a $1,000,000 minimum initial investment for Class N shares and total assets exceeding $561 million, playing a key role in fixed income markets by offering diversification from traditional bonds and equities while mitigating interest rate risk through its floating rate focus.
Fund Family Loomis Sayles Funds
Category Bank Loan
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol LSFNX
Share Class Class N
Index Morningstar LSTA US Leveraged Loan TR USD
LSFNX had a total return of 3.85% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.62%.
