Loomis Sayles Senior Floating Rate and Fixed Income Fund by liaoqinmei


									 Loomis Sayles Senior Floating Rate
 and Fixed Income Fund
 Flexible, research-driven strategy to help manage interest rate risk
 A fund that invests in floating rate securities can be a good hedge against rising interest rates.
 But what if you don’t know exactly when rates are going to move higher? Loomis Sayles
 Senior Floating Rate and Fixed Income Fund may offer a practical solution. It invests primarily
 in floating rate loans, but also has the flexibility to invest in other fixed-income securities. This
 allows the fund to modify its positioning to potentially benefit investors throughout various
 stages of an interest rate cycle.

 Class A: LSFAX                       Class C: LSFCX       Class Y: LSFYX                                     Inception: 9/30/11

 Hedge against rising rates                                        Flexible strategy                                              Experienced managers
 Floating rate bank loans can be used                              The fund uses a broadly diversified and                        Bank loans are credit instruments, and
 to manage interest rate risk because                              flexible approach, seeking a high level of                     the fund is managed by a seasoned team
 their coupons adjust upward in a rising                           income with a willingness to accept higher                     with more than 50 years of combined
 rate environment. Consequently, these                             risk. While it invests primarily in bank                       experience across a broad range of credit
 securities tend to have a short duration.                         loans, managers also have the flexibility                      markets. The fund’s managers are backed
 Bank loans are also more senior in the                            to allocate to other fixed-income sectors                      by Loomis Sayles’ extensive credit research
 capital structure than bonds, which means                         based on their outlook for the credit cycle.                   expertise and core institutional capability
 they have a priority claim on assets ahead                        This combination provides an opportunity                       in bank loan investing. The managers use
 of bondholders. As a result, they’ve                              to reduce interest rate risk while also                        a horizon return model to select loans
 historically had lower default rates and less                     taking advantage of cyclical changes in                        with expected returns in excess of the
 price volatility than high yield bonds.                           interest rates and credit spreads.                             benchmark while minimizing default costs
                                                                                                                                  in credit downturns.

 Potential StrategieS through the buSineSS cycle
 The fund has the flexibility to adjust its asset mix in response to changing market conditions.1


                                                                Cycle                                                             Fund managers allocate tactically across floating
                          Slowdown                                                                                                rate bank loans and other fixed-income asset
                        and Recession                                                                                             classes including high yield, convertibles,
                                                                                                                                  securitized issues and government securities
Bank Loans

                                                                                                                                  based on their outlook on the interest rate and
                                                                                                                                  credit cycles.
                                                                                                                                  • In bull markets, allocations favor riskier
                                                                                                                                    assets such as high yield bonds.
                                                                                                     Expansion                    • In bear markets, allocations favor less
                                                                                                     Recovery                       risky assets such as Treasuries.


               Conservative                                                                                             Riskier
                              • Treasuries                                                       • Investment Grade
                              • Securitized                                                      • High Yield
                              • Mortgages                                                        • Convertibles

 1 The fund must invest a minimum of 65% of gross assets in floating rate bank loans, but has the flexibility to allocate a
 maximum of 35% of gross assets in other fixed-income asset classes.
 These views apply under normal market conditions and are subject to change at any time without notice.

fund profile                                                                                                                                                                     q 3 / 2 011
Loomis Sayles Senior Floating Rate
and Fixed Income Fund

Fund management
Loomis, Sayles & Company has served the needs of institutional and individual
investors for more than 80 years. The fund’s managers, Kevin Perry and John Bell,
have more than 50 years of combined investment experience.

Investment process
The managers integrate global macro and relative value sector analyses with their
best bottom-up investment choices to pursue a total return in excess of the S&P/LSTA
Leveraged Loan Index.
                                                                                                                                    Loomis, Sayles & Co. was recognized
• Must invest at least 65% of gross                              •	 May	invest	up	to	20%	of	gross	assets	                           as Fixed-Income Fund Family of the
  assets in floating rate loans                                     in non-US issuers, including 10% in
                                                                                                                                    Year by Lipper in 2011.2
                                                                    emerging market debt securities
•	 May	invest	up	to	35%	of	gross	assets	
   in other fixed-income securities                              •	 May	use	leverage	through	borrowing	
                                                                    up to 33 1/3% of total assets after
                                                                    such borrowing

                                                                              Global Asset Allocation Team’s
                                                                              established process helps identify
             aSSeSS toP-down oPPortunitieS                                    business cycle characteristics to guide
                                                                              investment decisions

                                                                              Managers use our internal models to
                                                                              help select loans and other fixed-income
     Select beSt bottom-uP inveStment choiceS                                 securities and construct portfolios
                                                                              with expected returns in excess of
                                                                              the benchmark

                                                                              Portfolio management, trading, and
     allocation, conStruction and oPtimization                                research collaborate to implement the
                                                                              investment choices

                  Senior Floating rate and
                   Fixed income PortFolio
                                                                                                                                    2 Source: Lipper, Inc. Lipper is a leading global
                                                                                                                                    provider of mutual fund information. The Lipper
                                                                                                                                    Fund Awards is part of an annual, global program
Talk with your investment advisor about the role Loomis Sayles Senior Floating Rate                                                 of events held in 18 countries to reward funds that
                                                                                                                                    have delivered consistently strong risk-adjusted
and Fixed Income Fund can play in your portfolio.                                                                                   performance relative to their peers. The winners
                                                                                                                                    were selected using the Lipper Leader rating for
Before investing, consider the fund’s investment objectives, risk, charges, and                                                     Consistent return for the period ending December
expenses. Visit ga.natixis.com or call 800-225-5478 for a prospectus or a summary                                                   31, 2010. Criteria: Loomis Sayles ranked #1 out
prospectus containing this and other information. Read it carefully.                                                                of 41 eligible companies. Large complexes are
                                                                                                                                    defined as fund families with more than $34.5 bil-
                                                                                                                                    lion in total net assets. eligible asset class group
RISkS: The fund invests in floating rate and other debt securities that are typically rated below investment                        awards are given to fund groups with at least five
grade, which can increase the risk of default and price volatility. While the market for floating rate loans is                     equity, five bond, or three mixed-asset portfolios in
large, the volume on the secondary market for these securities can be less robust than other fixed-income                           the respective asset classes. The lowest average
markets. This limited liquidity may affect the ability of the fund to purchase or sell floating rate loans and may                  decile rank of the three-year Consistent return
have a negative impact on fund performance. The use of leverage can cause increases and decreases in the
                                                                                                                                    measure of the eligible funds per asset class and
value of portfolio securities to be more exaggerated than if the fund did not use leverage. This fund is non-
diversified and may tend to be more volatile than diversified funds.                                                                group will determine the asset class group award
                                                                                                                                    winner over the three-year period. In cases of iden-
Natixis Global Associates consists of Natixis Distributors, L.P., Natixis Asset Management Advisors, L.P., Natixis Global           tical results the lower average percentile rank will
Associates, LLC, Natixis Global Associates S.A., and business development units located across the globe, each of which             determine the winner. Asset class group awards
is an affiliate of Natixis Global Asset Management. • This material should not be considered a solicitation to buy or               will be given to the best large and small groups
an offer to sell any product or service to any person in any jurisdiction where such activity would be unlawful. Natixis
                                                                                                                                    separately. Small groups will need to have at least
Distributors, L.P. (fund distributor) and Loomis, Sayles & Company, L.P. are affiliated. Natixis Distributors, L.P. is located at
399 Boylston Street, Boston, MA 02116. • 800-862-4863 • ga.natixis.com                                                              three distinct portfolios in one of the asset classes
                                                                                                                                    – equity, bond, or mixed-asset.
 NoT FDIC INSureD • MAY LoSe VALue • No BANk GuArANTee                                                             LSSFr55-0911

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