LSHIX Fees and Costs — Loomis Sayles Institutional High Income Fund, Institutional Class
Data updated: 2026-08-28
The net expense ratio is 0.73%: a 0.58% management fee plus 0.16% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $9K in broker commissions, 0.0030% of average net assets, and portfolio turnover was 110%.
LSHIX Fees and Expenses
Annual operating expenses and sales charges of LSHIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.74% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.73% |
| 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 |
LSHIX Costs Over Time
On $10,000 invested in LSHIX, assuming 5% a year before costs, total costs come to $461 over 5 years, cutting the return by 0.77% 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 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $253 | $461 |
| Value after costs | $10,423 | $11,324 | $12,302 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
LSHIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0030%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $3.0B
- Portfolio turnover (prospectus): 110%
- Securities lending: none during the year
LSHIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $7K | 76.41% |
| Morgan Stanley & Co. LLC | $454 | 5.32% |
| BofA Securities, Inc. | $424 | 4.96% |
| UBS Securities LLC | $381 | 4.46% |
| Goldman Sachs & Co. LLC | $304 | 3.56% |
| Barclays Capital Inc. | $280 | 3.28% |
| Citigroup Global Markets Inc. | $171 | 2.00% |
| Liquidnet, Inc. | $1 | 0.01% |
| Kezar Trading, LLC | $0 | 0.00% |
LSHIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.3B | 81.22% |
| J.P. Morgan Securities LLC | $93.3M | 3.25% |
| Goldman Sachs & Co. LLC | $84.4M | 2.94% |
| Barclays Capital Inc. | $78.6M | 2.74% |
| Morgan Stanley & Co. LLC | $67.6M | 2.35% |
| BofA Securities, Inc. | $65.1M | 2.27% |
| Citigroup Global Markets Inc. | $56.3M | 1.96% |
| Jefferies LLC | $36.2M | 1.26% |
| Wells Fargo Securities, LLC | $32.5M | 1.13% |
| Nomura Securities International, Inc. | $25.4M | 0.88% |
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.