Fund Evaluator:
Loomis Sayles High Income N (LSHNX)
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Best Performing in High Yield Bond Over the Last Year
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Fund Details
Loomis Sayles High Income N Overview
Loomis Sayles High Income N (LSHNX) is an actively managed Taxable Bond High Yield Bond fund. Loomis Sayles Funds launched the fund in 2016.
The investment seeks high current income plus the opportunity for capital appreciation to produce a high total return. Under normal circumstances, the fund invests at least 80% of its assets in below investment grade fixed-income securities. It may invest up to 30% of its assets in U.S. dollar-denominated foreign fixed-income securities, including those in emerging markets. Although certain securities purchased by the fund may be issued by domestic companies incorporated outside of the United States, the Adviser does not consider these securities to be foreign if the issuer is included in the U.S. fixed-income indices published by Bloomberg.
About Loomis Sayles High Income N (LSHNX)
There are 5 members of the management team with an average tenure of 7.18 years: Brian Kennedy (2018), Peter Sheehan (2023), Chris Romanelli (2026), Eric Williams (2025), Matthew Eagan (2002). 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 Corporate High Yield TR USD index with a weighting of 100%. Loomis Sayles High Income N has 346 securities in its portfolio. The top 10 holdings constitute 16.5% 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 High Income N is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Loomis Sayles High Income N has 11.8% 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 1.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 90.5% (78.7% domestic bond, 11.8% foreign bond and 2.9% convertible bond). Loomis Sayles High Income N has 5.5% of the portfolio in cash.
Assets Under Management
The fund has $33 million in total assets, which is below the $545 million average for the High Yield 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.
LSHNX 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 High Income N expense ratio is above average compared to funds in the High Yield Bond category. Loomis Sayles High Income N has an expense ratio of 0.65%, which is 29% 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 High Income N has a portfolio turnover rate of 107%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 71% for the High Yield Bond category.
Recently, in the month of June 2026, Loomis Sayles High Income N returned 0.3%, which earned it a grade of B, as the High Yield 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 High Income N has a trailing yield of 6.87%, which is above the 6.26% 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 High Income N Grades
Year to date, the fund has returned 2.4%, 0.4 percentage points better than the category, which translates into a grade of B. The fund has returned 7.0% over the past year (grade of A), 9.2% over the past three years (grade of A) and 3.1% per year over the past five years (grade of F) and 5.0% per year over the past 10 years (grade of C).
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LSHNX 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 |
|
| LSHNX Return (NAV) | 0.3% | 2.5% | 7.0% | 9.2% | 3.1% | 5.0% |
| LSHNX Grade | B | B | A | A | F | C |
| +/- Category | 0.1% | 0.1% | 1.3% | 1.1% | -0.8% | -0.1% |
| High Yield Bond Avg | 0.2% | 2.4% | 5.7% | 8.1% | 3.8% | 5.1% |
| LSHNX Tax Cost Ratio | na | na | 2.7% | 2.9% | 2.7% | na |
LSHNX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LSHNX Return (NAV) | 2.4% | 9.2% | 9.4% | 9.8% | -13.4% | 3.2% | 8.5% | 12.3% | -3.1% | 7.8% | 15.0% |
| LSHNX Grade | B | A | A | F | F | F | A | D | D | A | B |
| +/- Category | 0.4% | 1.3% | 1.8% | -2.0% | -3.4% | -1.9% | 3.2% | -0.7% | -0.5% | 1.1% | 1.6% |
| High Yield Bond Avg | 1.9% | 7.9% | 7.6% | 11.9% | -10.0% | 5.1% | 5.3% | 13.0% | -2.7% | 6.7% | 13.4% |
| Risk Measures | |
| Standard Deviation: | 5.0% |
| Total Risk Index: | 0.41 - Low |
| Category Risk Index: | 1.25 - High |
| Category Risk Grade: | F (96% Rank) |
| Beta: | 0.70 |
| R-Squared: | 60% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 6.9% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $89 Mil |
| Fund Total Assets: | $ 34 Mil |
| Share Class Type: | N |
| Portfolio Turnover: | 107% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 24.1 years | |||
| Average Tenure: 7.2 years | |||
| Managers (Year): Eagan Matthew (2002), Kennedy Brian (2018), Sheehan Peter (2023), Williams Eric (2025), Romanelli Chris (2026) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 346 |
| % in Top 10 Holdings: | 16.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 11.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 1.1% |
| Domestic Bond: | 78.7% |
| Foreign Bond: | 11.8% |
| Convertible Bond: | 2.9% |
| Other: | 0.0% |
| Cash: | 5.5% |
Purchase Information
| Fund Family: | Loomis Sayles Funds |
| Phone Number: | 800-225-5478 |
| Website: | www.loomissayles.com |
| Status: | Open |
| Inception Date: | November 30, 2016 |
| Min. Initial Purchase: | $1,000,000 |
| 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 (%): | 0.65% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.92% |
| Share Class: | Loomis Sayles High Income A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
