Fund Facts  

Inception Date: Dec 31, 1996
Ticker Symbol: LSGLX
Morningstar Category:World Bond
As of Jun 30, 2016
Fund Net Assets ($millions) $1,221

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks high total investment return through a combination of high current income and capital appreciation.

Principal Investment Strategies  

The fund will normally invest at least 80% of its net assets (plus any borrowings made for investment purposes) in fixed-income securities (for example, bonds and other investments that Loomis Sayles believes have similar economic characteristics, such as notes, debentures and loans). The fund invests primarily in investment-grade fixed-income securities worldwide, although it may invest up to 20% of its assets in below investment-grade fixed-income securities (commonly known as "junk bonds").

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Loomis Sayles Global Bonda3.24%8.67%6.56%1.64%1.13%4.24%5.57%
Barclays Global Aggregate Bond Indexa,b2.89%8.96%8.87%2.80%1.77%4.40%N/A
Morningstar World Bonda,c2.25%6.61%4.77%2.08%1.91%4.46%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total annual fund operating expensesa1.03%
Fee waiver and/or expense reimbursement0.03%
Total Expenses1.00%

A contractual expense waiver exists for this fund and will expire on 01-31-2017.

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Barclays Global Aggregate Bond Index consists of global investment-grade fixed income securities.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 16, 2014Dec 16, 2014$0.217400000
Nov 24, 2014Nov 24, 2014$0.028900000
Oct 24, 2014Oct 24, 2014$0.030000000
Sep 24, 2014Sep 24, 2014$0.018500000
Aug 25, 2014Aug 25, 2014$0.030300000
Jul 25, 2014Jul 25, 2014$0.033500000
Jun 23, 2014Jun 23, 2014$0.032700000
May 23, 2014May 23, 2014$0.032100000
Apr 24, 2014Apr 24, 2014$0.031300000
Mar 25, 2014Mar 25, 2014$0.032100000
Feb 24, 2014Feb 24, 2014$0.028300000
Jan 28, 2014Jan 28, 2014$0.029800000
Dec 16, 2013Dec 16, 2013$0.313100000
Nov 26, 2013Nov 26, 2013$0.032700000
Oct 28, 2013Oct 28, 2013$0.036500000
Sep 25, 2013Sep 25, 2013$0.030200000
Aug 27, 2013Aug 27, 2013$0.032300000
Jul 26, 2013Jul 26, 2013$0.031000000
 

Morningstar Information

Morningstar Rating   As of Jun 30, 2016
Period Stars Category Size
Overall 3 Stars329
3-Year 3 Stars329
5-Year 3 Stars253
10-Year 3 Stars152

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Jun 30, 2016
Fixed Income Stylebox
Medium Extensive
Allocation of Assets As of May 31, 2016
Type of Asset Percent
Equity0%
Fixed Income84%
Cash/Other16%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of May 31, 2016
Asset ClassPercent
Domestic Stock0.0%
Foreign Stock0.0%
Domestic Bond31.4%
Foreign Bond52.0%
Preferred0.3%
Convertible0.0%
Cash9.2%
Other7.0%

Due to rounding, percentages shown may not add up to 100%.

 
Fixed Income Sector As of May 31, 2016
SectorPercent
Corporate34.0%
Government31.8%
Securitized13.3%
Cash & Equivalents9.2%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Credit Quality As of May 31, 2016
Quality LevelPercent
AAA22.6%
AA9.2%
A29.3%
BBB30.7%
BB5.8%
B1.8%
Below B0.0%
Not Rated0.7%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of May 31, 2016
Holding NamePercent
Us 10yr Note (Cbt)sep16 Xcbt 2016092110.1%
Us 5yr Note (Cbt) Sep16 Xcbt 201609308.3%
Us Long Bond(Cbt) Sep16 Xcbt 201609213.0%
Us Ultra Bond Cbt Sep16 Xcbt 201609212.3%
Mex Bonos Desarr Fix Rt Bonds 06/21 6.52.2%
Euro-Bund Future Jun16 Xeur 201606082.1%
FNMA1.9%
Japan(Govt Of) 2.1%1.8%
Queensland Treasury Corp Local Govt G 144a Regs 07/23 41.8%
Japan(Govt Of) 1.3%1.7%
 

Statistics

Duration and Maturity As of May 31, 2016
StatisticValue
Average Effective Duration6.71 years
Average Effective Maturity8.83 years
Portfolio Statistics As of Jun 30, 2016
Statistic3-Year5-Year
Beta0.620.71
Alpha0.120.89
Standard Deviation4.765.53
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.