Fund Facts  

Inception Date: Dec 31, 1996
CUSIP: 543495774
Ticker Symbol: LSGLX
Morningstar Category:World Bond
As of Mar 31, 2018
Fund Net Assets ($millions) $1,060

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). It invests primarily in investment-grade fixed-income securities worldwide, although the fund 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 Mar 31, 2018
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Loomis Sayles Global Bond   1.47%1.47%7.55%3.16%1.20%3.01%5.33%
Bloomberg Barclays Global Agg Bond Indexa,b1.36%1.36%6.97%3.14%1.49%2.57%N/A
Morningstar World Bonda,c1.13%1.13%5.85%2.80%1.43%3.05%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 Expensesa,d
Gross Expenses1.05%
Net Expenses0.97%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., 2018 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 Bloomberg Barclays Global Aggregate Bond Index consists of global investment-grade fixed income securities.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

d. Differences between the net expense ratio and gross expense ratio of a fund are typically due to fee waivers, expense reimbursements, expense limits, and/or the reimbursement of fees to the fund.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 15, 2017Dec 15, 2017$0.036200000
Jan 30, 2017Jan 30, 2017$0.007200000
Dec 16, 2016Dec 16, 2016$0.031600000
Nov 28, 2016Nov 28, 2016$0.009500000
Oct 25, 2016Oct 25, 2016$0.014800000
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
 

Morningstar Information

Morningstar RatingTM   As of Mar 31, 2018
Period Stars Category Size
Overall 3 Stars285
3-Year 3 Stars285
5-Year 3 Stars251
10-Year 3 Stars128

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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 managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Mar 31, 2018
Fixed Income Stylebox
Medium Extensive
Allocation of Assets As of Feb 28, 2018
Type of Asset Percent
Equity0%
Fixed Income91%
Cash/Other9%

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

 
 

Characteristics

Allocation of Assets As of Feb 28, 2018
Asset ClassPercent
Domestic Stock0.0%
Foreign Stock0.0%
Domestic Bond45.3%
Foreign Bond45.0%
Preferred0.0%
Convertible0.3%
Cash5.2%
Other4.1%

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

 
Fixed Income Sector As of Feb 28, 2018
SectorPercent
Government39.7%
Corporate22.8%
Securitized17.8%
Cash & Equivalents5.2%

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

 
Credit Quality As of Feb 28, 2018
Quality LevelPercent
AAA26.6%
AA12.3%
A23.7%
BBB25.7%
BB7.5%
B1.1%
Below B0.0%
Not Rated3.1%

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

 
Top Ten Holdings As of Feb 28, 2018
Holding NamePercent
Bundesrepub. Deutschland Bonds Regs 08/25 13.0%
Us Long Bond(Cbt) Jun18 Xcbt 201806202.7%
Queensland Treasury Corp Local Govt G 144a Regs 07/23 42.0%
Bundesrepub. Deutschland Bonds Regs 02/25 0.52.0%
Japan(Govt Of) 0.1%1.9%
Japan(Govt Of) 2%1.9%
United States Treasury Notes 0.125% PIDI NTS 15/04/2022 USD (X-2022)1.9%
Republic of South Africa 7% UNSUB PIDI BDS 28/02/2031 ZAR1.8%
Indonesia(Rep Of) 8.25%1.5%
Euro-Bund Future Mar18 Xeur 201803081.3%
 

Statistics

Duration and Maturity As of Feb 28, 2018
StatisticValue
Average Effective Duration6.60 years
Average Effective Maturity8.08 years
Portfolio Statistics As of Mar 31, 2018
Statistic3-Year5-Year
Beta1.021.03
Alpha-0.01-0.31
Standard Deviation5.265.03
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials 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 or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright 2018 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.