Fund Evaluator:
Loomis Sayles Strategic Income C (NECZX)
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Best Performing in Multisector Bond Over the Last Year
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| 6.6% | Russell Inv Opportunistic Credit Y (RGCYX) |
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| 6.1% | Thrivent Multisector Bond S (IIINX) |
Fund Details
Loomis Sayles Strategic Income C Overview
Loomis Sayles Strategic Income C (NECZX) is an actively managed Taxable Bond Multisector Bond fund. Loomis Sayles Funds launched the fund in 1995.
The investment seeks high current income with a secondary objective of capital growth. The fund will invest substantially all of its assets in income producing securities (including below investment grade securities, or "junk bonds") with a focus on U.S. corporate bonds, convertible securities, foreign debt instruments, including those in emerging markets and related foreign currency transactions, and U.S. government securities. The fund is not limited in the percentage of its assets that it may invest in these instruments.
About Loomis Sayles Strategic Income C (NECZX)
There are 4 members of the management team with an average tenure of 7.36 years: Brian Kennedy (2016), Scott Darci (2026), Bryan Hazelton (2026), 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 Strategic Income C has 592 securities in its portfolio. The top 10 holdings constitute 104.0% 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 Strategic Income C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Loomis Sayles Strategic Income C has 32.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 3.5%. There is 0.4% allocated to foreign stock, and 4.5% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 87.7% (55.6% domestic bond, 32.1% foreign bond and 1.4% convertible bond). Loomis Sayles Strategic Income C has 2.5% of the portfolio in cash.
Assets Under Management
The fund has $21 million in total assets, which is below 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.
NECZX 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 Strategic Income C expense ratio is high compared to funds in the Multisector Bond category. Loomis Sayles Strategic Income C has an expense ratio of 1.67%, which is 76% higher than its category average, making the fund expense ratio grade a F. 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 Strategic Income C has a portfolio turnover rate of 100%, 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 Strategic Income C returned -0.0%, 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 Strategic Income C has a trailing yield of 4.90%, which is below the 5.25% category average. The fund normally distributes its income monthly.
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 Strategic Income C Grades
Year to date, the fund has returned 0.2%, 1.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.4% over the past year (grade of D), 7.0% over the past three years (grade of C) and 1.5% per year over the past five years (grade of F) and 2.5% per year over the past 10 years (grade of F).
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NECZX 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 |
|
| NECZX Return (NAV) | -0.0% | 1.4% | 4.4% | 7.0% | 1.5% | 2.5% |
| NECZX Grade | F | D | D | C | F | F |
| +/- Category | -0.3% | -0.5% | -0.8% | 0.1% | -1.0% | -1.2% |
| Multisector Bond Avg | 0.2% | 1.9% | 5.3% | 6.9% | 2.6% | 3.7% |
| NECZX Tax Cost Ratio | na | na | 2.0% | 2.0% | 1.8% | 1.5% |
NECZX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NECZX Return (NAV) | 0.2% | 9.4% | 6.1% | 7.3% | -13.5% | 3.1% | 0.4% | 9.9% | -3.7% | 6.4% | 7.5% |
| NECZX Grade | F | A | C | D | F | B | F | D | F | C | C |
| +/- Category | -1.4% | 1.3% | 0.4% | -1.2% | -3.3% | 0.9% | -6.0% | -0.3% | -1.8% | -0.2% | -0.0% |
| 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: | 6.4% |
| Total Risk Index: | 0.53 - Below Average |
| Category Risk Index: | 1.45 - High |
| Category Risk Grade: | F (99% Rank) |
| Beta: | 1.08 |
| R-Squared: | 87% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 4.9% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $2689 Mil |
| Fund Total Assets: | $ 22 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 100% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 19.4 years | |||
| Average Tenure: 7.4 years | |||
| Managers (Year): Eagan Matthew (2007), Kennedy Brian (2016), Darci Scott (2026), Hazelton Bryan (2026) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 592 |
| % in Top 10 Holdings: | 104.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 32.4% |
Portfolio Allocation |
|
| Domestic Stock: | 3.5% |
| Foreign Stock: | 0.4% |
| Preferred Stock: | 4.5% |
| Domestic Bond: | 55.6% |
| Foreign Bond: | 32.1% |
| Convertible Bond: | 1.4% |
| Other: | 0.0% |
| Cash: | 2.5% |
Purchase Information
| Fund Family: | Loomis Sayles Funds |
| Phone Number: | 800-225-5478 |
| Website: | www.loomissayles.com |
| Status: | Open |
| Inception Date: | May 1, 1995 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.67% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.95% |
| Share Class: | Loomis Sayles Strategic Income A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
