Fund Evaluator:
Loomis Sayles Income Instl (LSBDX)
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Best Performing in Multisector Bond Over the Last Year
| 8.2% | Fidelity Advisor Strategic Income Z (FIWDX) |
| 8.0% | Morningstar Multisector Bond (MSTMX) |
| 6.6% | Russell Inv Opportunistic Credit Y (RGCYX) |
| 6.5% | Russell Inv Opportunistic Credit M (RGOTX) |
| 6.1% | Thrivent Multisector Bond S (IIINX) |
Fund Details
Loomis Sayles Income Instl Overview
Loomis Sayles Income Instl (LSBDX) is an actively managed Taxable Bond Multisector Bond fund. Loomis Sayles Funds launched the fund in 1991.
The investment seeks to provide income with a secondary objective of capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in fixed-income securities. It will normally invest at least 55% of its net assets in investment-grade fixed-income securities. The fund may also invest up to 35% of its assets in below investment-grade fixed-income securities (commonly known as "junk bonds") and up to 20% of its assets in equity securities, such as common stocks and preferred stocks.
About Loomis Sayles Income Instl (LSBDX)
There are 2 members of the management team with an average tenure of 14.72 years: Brian Kennedy (2016), Matthew Eagan (2007). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Loomis Sayles Income Instl has 718 securities in its portfolio. The top 10 holdings constitute 100.9% 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 Income Instl is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Loomis Sayles Income Instl has 22.6% 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 3.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 94.4% (71.8% domestic bond, 22.6% foreign bond and 0.2% convertible bond). Loomis Sayles Income Instl has 2.1% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is above the $1 billion average for the Multisector 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.
LSBDX 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 Income Instl expense ratio is above average compared to funds in the Multisector Bond category. Loomis Sayles Income Instl has an expense ratio of 0.64%, which is 33% 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 Income Instl has a portfolio turnover rate of 104%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Multisector Bond category.
Recently, in the month of June 2026, Loomis Sayles Income Instl returned -0.2%, which earned it a grade of F, as the Multisector Bond category had an average return of 0.2%. 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 Income Instl has a trailing yield of 4.75%, which is below the 5.25% category average. The fund normally distributes its income monthly 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 Income Instl Grades
Year to date, the fund has returned 0.3%, 1.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.1% over the past year (grade of F), 7.1% over the past three years (grade of C) and 2.1% per year over the past five years (grade of D) and 3.3% per year over the past 10 years (grade of D).
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LSBDX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LSBDX Return (NAV) | -0.2% | 1.0% | 4.1% | 7.1% | 2.1% | 3.3% |
| LSBDX Grade | F | F | F | C | D | D |
| +/- Category | -0.4% | -0.9% | -1.2% | 0.2% | -0.5% | -0.4% |
| Multisector Bond Avg | 0.2% | 1.9% | 5.3% | 6.9% | 2.6% | 3.7% |
| LSBDX Tax Cost Ratio | na | na | 1.9% | 2.1% | 2.0% | 1.8% |
LSBDX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LSBDX Return (NAV) | 0.3% | 9.1% | 6.7% | 8.0% | -12.5% | 3.2% | 2.1% | 11.6% | -2.9% | 7.5% | 8.6% |
| LSBDX Grade | F | B | B | C | D | B | F | B | D | B | B |
| +/- Category | -1.3% | 1.1% | 1.0% | -0.4% | -2.4% | 1.0% | -4.2% | 1.3% | -1.0% | 0.9% | 1.1% |
| Multisector Bond Avg | 1.6% | 8.1% | 5.7% | 8.4% | -10.1% | 2.2% | 6.4% | 10.3% | -1.9% | 6.6% | 7.5% |
| Risk Measures | |
| Standard Deviation: | 5.8% |
| Total Risk Index: | 0.47 - Below Average |
| Category Risk Index: | 1.30 - High |
| Category Risk Grade: | F (94% Rank) |
| Beta: | 0.98 |
| R-Squared: | 90% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.8% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4324 Mil |
| Fund Total Assets: | $3,113 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 104% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 19.4 years | |||
| Average Tenure: 14.7 years | |||
| Managers (Year): Eagan Matthew (2007), Kennedy Brian (2016) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 718 |
| % in Top 10 Holdings: | 100.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 22.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 3.4% |
| Domestic Bond: | 71.8% |
| Foreign Bond: | 22.6% |
| Convertible Bond: | 0.2% |
| Other: | 0.0% |
| Cash: | 2.1% |
Purchase Information
| Fund Family: | Loomis Sayles Funds |
| Phone Number: | 800-633-3330 |
| Website: | www.loomissayles.com |
| Status: | Open |
| Inception Date: | May 16, 1991 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.64% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.95% |
| Share Class: | Loomis Sayles Income Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
