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Loomis Sayles International Bond Fund
Fund focus
Loomis Sayles International Bond Fund is a primarily investment-grade portfolio with the flexibility to invest anywhere outside the U.S. It offers low correlation with U.S. bonds and negative correlation to the S&P 500. The Fund seeks high total investment return through a combination of high current income and capital appreciation by investing in a portfolio of primarily non-U.S. securities.
What you should know
The Fund invests primarily in investment-grade fixed-income securities, although it may invest up to 35% of its assets in lower-quality fixed-income securities (commonly known as "junk bonds"). The fixed-income securities in which the Fund may invest include public or private debt obligations issued or guaranteed by U.S. or non-U.S. issuers.
Investment strategy
Under normal market conditions, the Fund expects to invest at least 80% of its net assets in fixed-income securities. The Fund invests primarily (at least 65% of its net assets) in fixed-income securities of issuers located outside the United States. Securities held by the Fund may be denominated in any currency and may be of issuers located in countries with emerging securities markets.
Portfolio Highlights
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Information is as of 5/31/2008* |
| Non-US Dollar (ex CAD) |
88.38%
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| High Yield Credit |
3.85%
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| Cash & Equivalents |
3.48%
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| Canadian Dollar |
2.24%
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| Investment Grade Credit |
2.05%
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View a list of the most recent top
ten holdings for this fund.
View a complete list
of holdings for this fund.
Portfolio Managers
Managed by Loomis
Sayles & Company, L.P.
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| Kenneth Buntrock |
David Rolley |
Lynda Schweitzer |
The following information regarding this Fund is also available:
Because the Fund can invest a significant percentage of assets in foreign securities the value of the Fund shares can be adversely affected by changes in currency exchange rates, political, and economic developments. In emerging markets these risks can be significant. The Fund is subject to currency risk, which is the risk that fluctuations in exchange rates between the U.S. dollar and foreign currencies may cause the value of a Fund's investments to decline. Funds that invest in securities denominated in, or receive revenues in, foreign currency are subject to currency risk. Accordingly, the purchase of fund shares should be viewed as a long-term investment.
Because the Fund can invest a significant percentage of assets in debt securities that are rated below investment grade the value of fund shares can be adversely affected by changes in economic conditions or other circumstances. These events could reduce or eliminate the capacity of issuers of these securities to make principal and interest payments. Lower rated debt securities have speculative characteristics because of the credit risk of their issuers and may be subject to greater price volatility than higher rated investments. In addition, the secondary market for these securities may lack liquidity which, in turn, may adversely affect the value of these securities and that of the Fund. Accordingly, the purchase of fund shares should be viewed as a long-term investment.
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