Effective December 31, 2025, the Bond Fund was re-named the Loomis Sayles Income Fund, reflecting changes to the Fund’s distribution policy, investment objective and principal investment strategies. Please refer to the prospectus for additional details.
Income Fund
Overview
Fund Details
Portfolio Managers
Matt Eagan, CFA
Head of the Full Discretion Team, Portfolio Manager
Brian Kennedy
Portfolio Manager
Associate Portfolio Managers3
Scott Darci, CFA
Portfolio Manager, Associate Portfolio Manager, Convertibles & Equity Strategist
Bryan Hazelton, CFA
Portfolio Manager, Associate Portfolio Manager, Investment Grade Corporate Strategist
Fund Facts
About the Team
High-conviction, active credit investors focused on results.
Our Performance data shown represents past performance and is no guarantee of future results. Investment return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. For most recent month-end performance, please see the tab labeled “Performance”.
Why Choose this Fund?
- To pursue a steady and attractive income source through a multisector approach.
- To gain access to the renowned research and experienced portfolio management capabilities of Loomis Sayles.
- As diversification for more traditional bond holdings.
Investment Strategy
- High conviction, active credit manager
- Multisector strategy seeking to exploit cross-sector opportunities across broad global fixed income markets
- Repeatable, deep value equity-like approach to fundamental research and issue selection
- Risk awareness tools overlay fundamental investment process size
About Risk
- Fixed income securities may carry one or more of the following risks: credit, interest rate (as interest rates rise bond prices usually fall), inflation and liquidity.
- Below investment grade fixed income securities may be subject to greater risks (including the risk of default) than other fixed income securities.
- Foreign and emerging market securities may be subject to greater political, economic, environmental, credit, currency and information risks. Foreign securities may be subject to higher volatility than US securities due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets.
- Currency exchange rates between the US dollar and foreign currencies may cause the value of the fund’s investments to decline.
- Distribution Rate Risk is the risk that the Fund’s strategy of seeking to provide a specific and predictable level of monthly distributions may not be successful.
Performance
Cumulative Total Return (%)
As of 4/30/2026| Class A | Return |
|---|---|
| 3 Months | -0.24% |
| Year-To-Date | 0.16% |
Annualized Total Return (%)
As of 4/30/2026| Class A | Return |
|---|---|
| 1 Year | 6.05% |
| 3 Years | 6.38% |
| 5 Years | 2.14% |
| 10 Years | 2.92% |
| Since Inception | 5.52% |
Cumulative Total Return (%)
As of 3/31/2026| Class A | Return |
|---|---|
| 3 Months | -0.82% |
| Year-To-Date | -0.82% |
Annualized Total Return (%)
As of 3/31/2026| Class A | Return |
|---|---|
| 1 Year | 5.42% |
| 3 Years | 6.12% |
| 5 Years | 2.22% |
| 10 Years | 3.06% |
| Since Inception | 5.50% |
Performance data shown represents past performance and is no guarantee of future results. Total return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. Returns include changes in share price and reinvestment of dividends and capital gains, if any.
The Fund’s performance prior to December 31, 2025 reflects returns achieved pursuant to a different investment objective and different principal investment strategies than those that are currently being pursued. If the Fund’s current investment objective and strategies had been in place during those prior periods, the performance information shown would have been different.
Lipper rankings are based on total returns calculated by each ranking entity. Rankings do not take into account sales charges, if applicable, but include reinvestment of dividends and capital gains, if any.
Morningstar Percentile Rankings are based on total return and do not account for sales charges. Percentile ranks are based on absolute rank within specific fund categories and time periods. Within a category, all funds’ percentile rankings range from 1 (best) to 100 (worst), with all intermediate values spread evenly over that range. The fund’s absolute peer ranking may not be available for all time periods. Morningstar does not calculate an absolute peer ranking when a fund’s performance has been linked to a preexisting share class.
Past performance is no guarantee of future results.
Characteristics
Characteristics
As of 4/30/2026| Number of Holdings | 719 |
| Average Maturity | 6.34 |
| Weighted Average Duration | 4.81 |
| Annual Portfolio Turnover as of 12/31/2025 | 103.84% |
Sector Distribution
| Label | Fund |
|---|---|
| Investment Grade Credit | 30.4% |
| Securitized | 17.2% |
| US Treasury | 14.9% |
| High Yield Credit | 14.5% |
| Bank Loans | 6.4% |
| Non-US Dollar | 4.8% |
| Equity-Linked Notes | 4.0% |
| Emerging Market Sovereign | 3.2% |
| Emerging Market Credit | 2.8% |
| Private Credit | 0.7% |
| Convertibles | 0.4% |
| Preferred | 0.1% |
| Cash & Equivalents | 0.6% |
Characteristics
As of 3/31/2026| Characteristic | Fund | Index |
|---|---|---|
| Number of Holdings | 720 | 14057 |
| Average Maturity | 6.71 | 8.05 |
| Weighted Average Duration | 5.02 | 5.82 |
| Annual Portfolio Turnover as of 12/31/2025 | 103.84% |
Sector Distribution
| Label | Fund | Index |
|---|---|---|
| Investment Grade Credit | 30.3% | 25.8% |
| Securitized | 17.7% | 25.9% |
| US Treasury | 14.9% | 45.9% |
| High Yield Credit | 14.7% | 0.0% |
| Bank Loans | 6.2% | – |
| Non-US Dollar | 4.3% | – |
| Equity-Linked Notes | 4.2% | – |
| Emerging Market Sovereign | 3.2% | 1.0% |
| Emerging Market Credit | 3.0% | 0.3% |
| Convertibles | 0.5% | – |
| Private Credit | 0.4% | – |
| Preferred | 0.1% | – |
| Other | – | 0.6% |
| Municipals | – | 0.4% |
| Cash & Equivalents | 0.5% | – |