C000222165 Fees and Costs — Loomis Sayles Credit Income Fund, Class N
Data updated: 2023-12-13
The net expense ratio is 0.52%: a 0.42% management fee plus 0.88% other expenses, less a 0.78% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0048% of average net assets, and portfolio turnover was 21%.
C000222165 Fees and Expenses
Annual operating expenses and sales charges of C000222165. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.88% |
| Gross expense ratio | 1.30% |
| Fee waiver | −0.78% |
| Net expense ratio | 0.52% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000222165 Costs Over Time
On $10,000 invested in C000222165, assuming 5% a year before costs, total costs come to $331 over 5 years, cutting the return by 0.55% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.52%) | $55 | $171 | $298 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $181 | $331 |
| Value after costs | $10,445 | $11,395 | $12,431 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
C000222165 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0048%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $101.9M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
C000222165 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1K | 99.99% |
| Goldman Sachs & Co. LLC | $0 | 0.01% |
C000222165 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $85.2M | 86.38% |
| Citadel Securities LLC | $2.3M | 2.31% |
| BofA Securities, Inc. | $2.0M | 2.06% |
| RBC Capital Markets, LLC | $2.0M | 2.05% |
| Nomura Securities International, Inc. | $1.7M | 1.75% |
| J.P. Morgan Securities LLC | $1.7M | 1.73% |
| BMO Capital Markets Corp. | $1.2M | 1.20% |
| Barclays Capital Inc. | $1.0M | 1.01% |
| BNP Paribas Securities Corp. | $754K | 0.76% |
| Morgan Stanley & Co. LLC | $729K | 0.74% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.