About NEFHX
Loomis Sayles High Income Fund Class A is a mutual fund that seeks high current income along with opportunities for capital appreciation to deliver strong total returns. Managed by Loomis Sayles, it employs a repeatable, deep-value, equity-like approach to fundamental research and issue selection within global high yield markets, focusing primarily on below-investment-grade fixed-income securities, which constitute at least 80% of its assets. The fund allocates heavily to high yield credit (around 80%), supplemented by bank loans, convertibles, emerging market credit, securitized assets, and minimal investment-grade holdings, with nearly all exposure in U.S. dollar-denominated instruments from predominantly U.S. issuers. Notable features include allocations to out-of-benchmark securities for diversification, risk awareness tools integrated into the investment process, an average maturity of about 4.5 years, and a weighted average duration around 2.8 years. Class A shares cater to retail investors with a minimum initial investment of $2,500, featuring a front-load structure and a net expense ratio of approximately 0.96%. In the high yield bond category, it benchmarks against the Bloomberg US Corporate High Yield Index, emphasizing credit sectors like retailers and maintaining a portfolio of roughly 370 issues for broad exposure.
Fund Family Loomis Sayles Funds
Category High Yield Bond
Performance Rating Below Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol NEFHX
Share Class Class A
Index Bloomberg U.S. Corporate High Yield TR
NEFHX had a total return of 4.02% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.92%.
