LBFAX Fees and Costs — Loomis Sayles Income Fund, Admin Class
Data updated: 2026-08-28
The net expense ratio is 1.14%: a 0.56% management fee, a 0.25% 12b-1 fee plus 0.39% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.2M in broker commissions, 0.0283% of average net assets, and portfolio turnover was 104%.
LBFAX Fees and Expenses
Annual operating expenses and sales charges of LBFAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.56% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LBFAX Costs Over Time
On $10,000 invested in LBFAX, assuming 5% a year before costs, total costs come to $728 over 5 years, cutting the return by 1.23% 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 1.14%) | $120 | $373 | $645 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $401 | $728 |
| Value after costs | $10,377 | $11,175 | $12,034 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
LBFAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0283%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $34.7B
- Portfolio turnover (prospectus): 104%
- Securities lending: none during the year
LBFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.2M | 98.37% |
| Morgan Stanley & Co. LLC | $18K | 1.41% |
| BofA Securities, Inc. | $2K | 0.15% |
| Goldman Sachs & Co. LLC | $969 | 0.08% |
| UBS Securities LLC | $1 | 0.00% |
| Wells Fargo Securities, LLC | $0 | 0.00% |
LBFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $25.3B | 77.57% |
| Morgan Stanley & Co. LLC | $1.6B | 4.79% |
| Citadel Securities LLC | $1.3B | 3.88% |
| Goldman Sachs & Co. LLC | $950.3M | 2.91% |
| Citigroup Global Markets Inc. | $732.9M | 2.25% |
| J.P. Morgan Securities LLC | $613.6M | 1.88% |
| BMO Capital Markets Corp. | $595.3M | 1.83% |
| Wells Fargo Securities, LLC | $568.3M | 1.74% |
| BofA Securities, Inc. | $557.0M | 1.71% |
| Barclays Capital Inc. | $467.9M | 1.44% |
Loomis Sayles Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LSBNX | Class N | 0.59% | — |
| LSBDX | Institutional Class | 0.64% | — |
| LSBRX | Retail Class | 0.89% | — |
| LBFAX | Admin Class | 1.14% | — |
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.