Fund Evaluator:

Loomis Sayles Global Allocation A Overview

Loomis Sayles Global Allocation A (LGMAX) is an actively managed Allocation Global Moderate Allocation fund. Loomis Sayles Funds launched the fund in 2006.

The investment seeks high total investment return through a combination of capital appreciation and current income. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in equity and fixed-income securities of U.S. and foreign issuers. Equity securities purchased by the fund may include common stocks, preferred stocks, depositary receipts, warrants, securities convertible into common or preferred stocks, interests in real estate investment trusts ("REITs") and/or real estate-related securities and other equity-like interests in an issuer.

About Loomis Sayles Global Allocation A (LGMAX)

There are 4 members of the management team with an average tenure of 14.49 years: Lee Rosenbaum (2013), Eileen Riley (2013), Matthew Eagan (2021), David Rolley (2000). Management tenure is more important for actively managed funds than passive index funds.

The fund has 3 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100%, Bloomberg Global Aggregate TR USD index with a weighting of 40% and MSCI ACWI NR USD index with a weighting of 60%. Loomis Sayles Global Allocation A has 486 securities in its portfolio. The top 10 holdings constitute 41.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Loomis Sayles Global Allocation A is part of the Allocation global asset class and is within the Allocation fund group. Loomis Sayles Global Allocation A has 36.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 50.7%. There is 14.2% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 32.5% (10.0% domestic bond, 22.5% foreign bond and 0.1% convertible bond). Loomis Sayles Global Allocation A has 2.3% of the portfolio in cash.

Assets Under Management

The fund has $573 million in total assets, which is below the $947 million average for the Global Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

LGMAX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Loomis Sayles Global Allocation A expense ratio is high compared to funds in the Global Moderate Allocation category. Loomis Sayles Global Allocation A has an expense ratio of 1.15%, which is 10% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Loomis Sayles Global Allocation A has a portfolio turnover rate of 35%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.

Recently, in the month of July 2026, Loomis Sayles Global Allocation A returned -0.0%, which earned it a grade of C, as the Global Moderate Allocation category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Loomis Sayles Global Allocation A has a trailing yield of 0.95%, which is below the 2.61% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Loomis Sayles Global Allocation A Grades

Year to date, the fund has returned 7.2%, 0.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 14.5% over the past year (grade of C), 12.6% over the past three years (grade of B) and 5.6% per year over the past five years (grade of C) and 9.2% per year over the past 10 years (grade of A).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Loomis Sayles Global Allocation A, including its riskiness, submit your email to unlock the rest of the article.