Fund Evaluator:
Loomis Sayles Sr Floating Rate and F/I Y (LSFYX)
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Best Performing in Bank Loan Over the Last Year
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Fund Details
Loomis Sayles Sr Floating Rate and F/I Y Overview
Loomis Sayles Sr Floating Rate and F/I Y (LSFYX) is an actively managed Taxable Bond Bank Loan fund. Loomis Sayles Funds launched the fund in 2011.
The investment seeks a high level of current income. The fund normally invests at least 80% of its net assets in a combination of adjustable floating rate loans and other floating rate debt instruments issued by U.S. and non-U.S. corporations or other business entities and fixed-income securities, including derivatives that reference the returns of these instruments. It may invest in Senior Loans directly as an original lender or by assignment from a lender, or it may invest indirectly through participation agreements, interests in collateralized loan obligations ("CLOs") and derivatives that reference such instruments.
About Loomis Sayles Sr Floating Rate and F/I Y (LSFYX)
There are 4 members of the management team with an average tenure of 0.85 years: Peter Sheehan (2025), Chris Romanelli (2026), Eric Williams (2025), Matthew Eagan (2025). 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 Morningstar LSTA US LL TR USD index with a weighting of 100%. Loomis Sayles Sr Floating Rate and F/I Y has 212 securities in its portfolio. The top 10 holdings constitute 17.2% 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 Sr Floating Rate and F/I Y is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Loomis Sayles Sr Floating Rate and F/I Y has 21.2% 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 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 92.4% (71.2% domestic bond, 21.1% foreign bond and 0.8% convertible bond). Loomis Sayles Sr Floating Rate and F/I Y has 6.9% of the portfolio in cash.
Assets Under Management
The fund has $288 million in total assets, which is below the $343 million average for the Bank Loan 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.
LSFYX 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 Sr Floating Rate and F/I Y expense ratio is above average compared to funds in the Bank Loan category. Loomis Sayles Sr Floating Rate and F/I Y has an expense ratio of 0.74%, which is 30% 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 Sr Floating Rate and F/I Y has a portfolio turnover rate of 127%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Bank Loan category.
Recently, in the month of June 2026, Loomis Sayles Sr Floating Rate and F/I Y returned 0.1%, which earned it a grade of C, as the Bank Loan category had an average return of 0.1%. 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 Sr Floating Rate and F/I Y has a trailing yield of 7.90%, which is above the 6.80% 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 Sr Floating Rate and F/I Y Grades
Year to date, the fund has returned 1.5%, 0.2 percentage points better than the category, which translates into a grade of B. The fund has returned 4.0% over the past year (grade of C), 7.1% over the past three years (grade of B) and 4.8% per year over the past five years (grade of D) and 4.5% per year over the past 10 years (grade of C).
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LSFYX 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 |
|
| LSFYX Return (NAV) | 0.1% | 1.9% | 4.0% | 7.1% | 4.8% | 4.5% |
| LSFYX Grade | C | B | C | B | D | C |
| +/- Category | 0.0% | 0.0% | 0.1% | 0.2% | -0.3% | -0.0% |
| Bank Loan Avg | 0.1% | 1.9% | 4.0% | 6.9% | 5.0% | 4.5% |
| LSFYX Tax Cost Ratio | na | na | 3.1% | 3.4% | 3.0% | 2.7% |
LSFYX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LSFYX Return (NAV) | 1.5% | 5.4% | 8.6% | 12.3% | -4.7% | 4.9% | 1.4% | 5.4% | 0.4% | 5.1% | 11.5% |
| LSFYX Grade | B | C | B | C | F | B | C | F | A | A | A |
| +/- Category | 0.2% | 0.3% | 0.4% | 0.2% | -2.3% | 0.2% | 0.2% | -2.1% | 0.8% | 1.4% | 2.3% |
| Bank Loan Avg | 1.4% | 5.1% | 8.2% | 12.1% | -2.3% | 4.7% | 1.3% | 7.6% | -0.4% | 3.7% | 9.2% |
| Risk Measures | |
| Standard Deviation: | 2.2% |
| Total Risk Index: | 0.18 - Low |
| Category Risk Index: | 1.06 - High |
| Category Risk Grade: | F (81% Rank) |
| Beta: | 0.02 |
| R-Squared: | 0% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | na |
| Yield: | 7.9% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $438 Mil |
| Fund Total Assets: | $ 289 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 127% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 1.1 years | |||
| Average Tenure: 0.8 years | |||
| Managers (Year): Sheehan Peter (2025), Williams Eric (2025), Eagan Matthew (2025), Romanelli Chris (2026) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 212 |
| % in Top 10 Holdings: | 17.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 21.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 71.2% |
| Foreign Bond: | 21.1% |
| Convertible Bond: | 0.8% |
| Other: | 0.0% |
| Cash: | 6.9% |
Purchase Information
| Fund Family: | Loomis Sayles Funds |
| Phone Number: | 800-225-5478 |
| Website: | NGAM.natixis.com |
| Status: | Open |
| Inception Date: | September 30, 2011 |
| 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 (%): | 0.74% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Loomis Sayles Sr Floating Rate and F/I Y |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
