LIGAX Fees and Costs — Loomis Sayles Investment Grade Bond Fund, Admin Class
Data updated: 2026-08-28
The net expense ratio is 0.98%: a 0.38% management fee, a 0.25% 12b-1 fee plus 0.40% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.4M in broker commissions, 0.0084% of average net assets, and portfolio turnover was 51%.
LIGAX Fees and Expenses
Annual operating expenses and sales charges of LIGAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.03% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.98% |
| 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 |
LIGAX Costs Over Time
On $10,000 invested in LIGAX, assuming 5% a year before costs, total costs come to $618 over 5 years, cutting the return by 1.04% 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 0.98%) | $103 | $321 | $557 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $618 |
| Value after costs | $10,396 | $11,236 | $12,144 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
LIGAX 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): 0.0084%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): $120.6B
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
LIGAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.4M | 100.00% |
LIGAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $103.2B | 88.78% |
| J.P. Morgan Securities LLC | $2.8B | 2.45% |
| Morgan Stanley & Co. LLC | $2.8B | 2.44% |
| Citigroup Global Markets Inc. | $1.5B | 1.29% |
| BofA Securities, Inc. | $1.4B | 1.21% |
| Citadel Securities LLC | $995.9M | 0.86% |
| Wells Fargo Securities, LLC | $971.4M | 0.84% |
| Goldman Sachs & Co. LLC | $950.5M | 0.82% |
| Barclays Capital Inc. | $782.7M | 0.67% |
| Nomura Securities International, Inc. | $749.6M | 0.64% |
Loomis Sayles Investment Grade Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LGBNX | Class N | 0.43% | none |
| LSIIX | Class Y | 0.48% | none |
| LIGRX | Class A | 0.73% | 4.25% |
| LIGTX | Class T | 0.74% | 2.50% |
| LIGAX | Admin Class | 0.98% | none |
| LGBCX | Class C | 1.48% | none |
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.