LSMIX Fees and Costs — Loomis Sayles Small/Mid Cap Growth Fund, Institutional Class
Data updated: 2026-08-28
The net expense ratio is 0.85%: a 0.75% management fee plus 0.16% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $165K in broker commissions, 0.0718% of average net assets, and portfolio turnover was 55%.
LSMIX Fees and Expenses
Annual operating expenses and sales charges of LSMIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.85% |
| 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 |
LSMIX Costs Over Time
On $10,000 invested in LSMIX, assuming 5% a year before costs, total costs come to $577 over 5 years, cutting the return by 0.97% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $577 |
| Value after costs | $10,403 | $11,259 | $12,185 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
LSMIX 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): 0.0718%
- Total broker commissions: $165K
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 55%
- Securities lending: none during the year
LSMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $57K | 41.87% |
| Barclays Capital Inc. | $16K | 11.57% |
| Morgan Stanley & Co. LLC | $13K | 9.81% |
| Robert W. Baird & Co. Incorporated | $10K | 7.64% |
| Citigroup Global Markets Inc. | $9K | 6.56% |
| Sanford C. Bernstein & Co., LLC | $7K | 5.49% |
| Goldman Sachs & Co. LLC | $7K | 5.35% |
| Piper Sandler & Co. | $6K | 4.43% |
| Truist Securities, Inc. | $5K | 3.78% |
| Liquidnet, Inc. | $5K | 3.51% |
LSMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.5B | 99.61% |
| J.P. Morgan Securities LLC | $2.0M | 0.13% |
| Jefferies LLC | $1.3M | 0.09% |
| Barclays Capital Inc. | $1.1M | 0.07% |
| Citigroup Global Markets Inc. | $623K | 0.04% |
| Goldman Sachs & Co. LLC | $563K | 0.04% |
| BofA Securities, Inc. | $360K | 0.02% |
Loomis Sayles Small/Mid Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LSMNX | Class N | 0.83% | — |
| LSMIX | Institutional Class | 0.85% | — |
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.