Fund Evaluator:

Loomis Sayles High Income Opps Instl Overview

Loomis Sayles High Income Opps Instl (LSIOX) is an actively managed Taxable Bond High Yield Bond fund. Loomis Sayles Funds launched the fund in 2004.

The investment seeks high current income; capital appreciation is a secondary objective. Under normal market conditions, the fund will invest substantially all of its assets, and may invest up to 100% of its assets, in high income securities ("High-Income Securities"). High-Income Securities are fixed-income securities that Loomis Sayles believes have the potential to generate relatively high levels of current income. It may invest approximately 20% of its assets in investment-grade fixed-income securities. The fund may invest a portion of its assets in senior floating-rate loans made to U.S. and foreign borrowers.

About Loomis Sayles High Income Opps Instl (LSIOX)

There are 5 members of the management team with an average tenure of 6.66 years: Brian Kennedy (2019), Peter Sheehan (2023), Chris Romanelli (2026), Eric Williams (2025), Matthew Eagan (2004). 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 Opps Instl has 401 securities in its portfolio. The top 10 holdings constitute 12.6% 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 Opps Instl is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Loomis Sayles High Income Opps Instl has 11.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.5%. There is 0.2% allocated to foreign stock, and 1.3% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 87.7% (76.4% domestic bond, 11.3% foreign bond and 2.6% convertible bond). Loomis Sayles High Income Opps Instl has 6.8% of the portfolio in cash.

Assets Under Management

The fund has $296 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.

LSIOX 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 Opps Instl expense ratio is low compared to funds in the High Yield Bond category. Loomis Sayles High Income Opps Instl has an expense ratio of 0.00%, which is 100% lower than its category average, making the fund expense ratio grade a A. 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 Opps Instl has a portfolio turnover rate of 117%, 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 Opps Instl 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 Opps Instl has a trailing yield of 7.34%, 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 Opps Instl Grades

Year to date, the fund has returned 2.5%, 0.6 percentage points better than the category, which translates into a grade of A. The fund has returned 7.5% over the past year (grade of A), 9.9% over the past three years (grade of A) and 3.7% per year over the past five years (grade of C) and 5.8% per year over the past 10 years (grade of A).

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