LSSAX Fees and Costs — Loomis Sayles Securitized Asset Fund, Institutional Class
Data updated: 2026-08-28
The net expense ratio is 0.00%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $56K in broker commissions, 0.0035% of average net assets, and portfolio turnover was 104%.
LSSAX Fees and Expenses
Annual operating expenses and sales charges of LSSAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.00% |
| Fee waiver | — |
| Net expense ratio | 0.00% |
| 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 | No |
LSSAX Costs Over Time
On $10,000 invested in LSSAX, assuming 5% a year before costs, total costs come to $2 over 5 years, cutting the return by 0.00% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $1 | $2 |
| Value after costs | $10,500 | $11,575 | $12,761 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
LSSAX 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): 0.0035%
- Total broker commissions: $56K
- Bought from dealers (principal trades, not a cost): $19.3B
- Portfolio turnover (prospectus): 104%
- Securities lending: none during the year
LSSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $56K | 100.00% |
LSSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $15.8B | 83.90% |
| Morgan Stanley & Co. LLC | $1.5B | 7.72% |
| Wells Fargo Securities, LLC | $469.9M | 2.49% |
| Citigroup Global Markets Inc. | $249.6M | 1.32% |
| Mizuho Securities USA LLC | $199.5M | 1.06% |
| Nomura Securities International, Inc. | $144.9M | 0.77% |
| Barclays Capital Inc. | $140.4M | 0.74% |
| BofA Securities, Inc. | $132.9M | 0.70% |
| BMO Capital Markets Corp. | $130.3M | 0.69% |
| J.P. Morgan Securities LLC | $114.3M | 0.61% |
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.