Fund Facts:
Fund Information
- CUSIP: 543487284
- Asset Class: Fixed-Income
- Symbol: NEFZX
Inception Dates
- Fund Inception Date: 05/01/1995
- Share Class Inception Date: 05/01/1995
Fund Highlights:
- Diversified fund with flexibility to pursue opportunities globally, where managers find value
- Total return focused, investing in issuers using bottom-up process
- Run by two of the industry’s most experienced managers, Dan Fuss and Kathleen Gaffney
- Has generally outpaced bond market (Barclays Capital U.S. Aggregate Bond Index) since inception
Fund Objective:
- Seeks high current income with a secondary objective of capital growth
Investment Strategy:
- Seeks to identify undervalued bonds with favorable current yields and strong prospects for price appreciation and to invest largely in income-producing securities
- May invest up to 35% of its assets in preferred stocks and dividend-paying common stocks
- May shift assets among various types of securities based upon changing market conditions
Risks:
- Mutual funds that invest in bonds can lose their value as interest rates rise, and an investor can lose principal.
- Because the Fund can invest a significant percentage of assets in debt securities that are rated below investment grade, the value of Fund shares can be adversely affected by changes in economic conditions or other circumstances. These events could reduce or eliminate the capacity of issuers of these securities to make principal and interest payments.
- Lower-rated debt securities have speculative characteristics because of the credit risk of their issuers and may be subject to greater price volatility than higher-rated investments. The secondary market for these securities may lack liquidity, which may adversely affect the value of these securities and that of the Fund.
- Because the Fund can invest a significant percentage of assets in foreign securities, the value of the Fund shares can be adversely affected by changes in currency exchange rates, political, and economic developments, which can be significant in emerging markets.
- The Fund is subject to currency risk, the risk of fluctuations in exchange rates between the U.S. dollar and foreign currencies, which may cause the value of a Fund’s investments to decline. Funds that invest in securities denominated in, or receive revenues in, foreign currency are subject to currency risk.
Loomis, Sayles & Company
Loomis, Sayles & Company
Loomis, Sayles & Company
Loomis, Sayles & Company
