Fund Evaluator:

Loomis Sayles Inflation Protected Secs N Overview

Loomis Sayles Inflation Protected Secs N (LIPNX) is an actively managed Taxable Bond Inflation-Protected Bond fund. Loomis Sayles Funds launched the fund in 2017.

The investment seeks high total investment return through a combination of current income and capital appreciation. The fund will normally invest at least 80% of its net assets (plus any borrowings made for investment purposes) in inflation-protected securities. The emphasis will be on debt securities issued by the U.S. Treasury (Treasury Inflation-Protected Securities, or "TIPS"). The principal value of these securities is periodically adjusted according to the rate of inflation, and repayment of the original bond principal upon maturity is guaranteed by the U.S. government.

About Loomis Sayles Inflation Protected Secs N (LIPNX)

There are 2 members of the management team with an average tenure of 14.28 years: Elaine Kan (2012), Kevin Kearns (2012). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Treasury US TIPS TR USD index with a weighting of 100%. Loomis Sayles Inflation Protected Secs N has 61 securities in its portfolio. The top 10 holdings constitute 88.7% 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 Inflation Protected Secs N is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Loomis Sayles Inflation Protected Secs N has 4.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.6% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.4% (94.2% domestic bond, 4.2% foreign bond and 0.0% convertible bond). Loomis Sayles Inflation Protected Secs N has 1.0% of the portfolio in cash.

Assets Under Management

The fund has $25 million in total assets, which is below the $869 million average for the Inflation-Protected Bond 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.

LIPNX 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 Inflation Protected Secs N expense ratio is below average compared to funds in the Inflation-Protected Bond category. Loomis Sayles Inflation Protected Secs N has an expense ratio of 0.35%, which is 52% lower than its category average, making the fund expense ratio grade a B. 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 Inflation Protected Secs N has a portfolio turnover rate of 68%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 72% for the Inflation-Protected Bond category.

Recently, in the month of July 2026, Loomis Sayles Inflation Protected Secs N returned -0.8%, which earned it a grade of C, as the Inflation-Protected Bond category had an average return of -0.8%. 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 Inflation Protected Secs N has a trailing yield of 5.33%, which is above the 4.20% category average. The fund normally distributes its income quarterly.

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 Inflation Protected Secs N Grades

Year to date, the fund has returned 0.2%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 2.4% over the past year (grade of B), 3.5% over the past three years (grade of C) and -0.0% per year over the past five years (grade of C) and 2.5% per year over the past 10 years (grade of A).

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