Loomis Sayles Investment Grade Bond Fund
LOOMIS SAYLES FUNDS II · Series S000006701 · 6 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
The Fund seeks high total investment return through a combination of current income and capital appreciation.
The fund invests at least 80% of assets in investment-grade fixed-income securities selected by the adviser based on improving credit profiles, issuer-specific rather than market-driven price sensitivity, and attractive yield spreads relative to risk; it may hold up to 15% in below-investment-grade bonds and up to 30% in dollar-denominated foreign securities. The fund's returns depend on the adviser's security selection and credit analysis rather than tracking an index. The adviser may also use derivatives, bank loans, mortgage-backed securities, and structured notes to implement its strategy.
| Share class | Gross | Net | As of |
|---|---|---|---|
| LIGRX | 0.78% | 0.73% | 2026 Q2 |
| LGBCX | 1.53% | 1.48% | 2026 Q2 |
| LSIIX | 0.53% | 0.48% | 2026 Q2 |
| LIGAX | 1.03% | 0.98% | 2026 Q2 |
| LGBNX | 0.45% | 0.43% | 2026 Q2 |
| LIGTX | 0.81% | 0.74% | 2025 Q2 |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 51.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 66.72% |
| Securitized | 25.43% |
| Loans | 5.51% |
| Cash & short-term | 3.37% |
| 2 smaller | 0.43% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: United States Treasury, BIG SKY FUNDING LLC, SPACE EXPLORATION TECH ×2, MEDLINE BORROWER LP, DISCOVERY GLOBAL HOLDINGS INC, Palmer Square BDC CLO Ltd, INTUIT INC
Largest exited: United States Treasury ×5, BIOMARIN PHARMACEUTICAL INC, ROCHE HOLDINGS INC, ROYAL CARIBBEAN CRUISES
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +4.63% | +13.25% | +5.09% | 3.42% | -5.26% | |
| +3.91% | +10.70% | +1.16% | 3.39% | -5.58% | |
| +4.99% | +14.10% | +6.44% | 3.46% | -5.12% | |
| +4.47% | +12.38% | +3.77% | 3.44% | -5.39% | |
| +4.92% | +14.22% | +6.63% | 3.43% | -5.11% |
These classes hold the same portfolio, so the 5.47pp spread over 5 years is the cost difference between them — roughly 1.09pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 81.4% |
| Floating rate | 17.4% |
| Zero-coupon or unclassified | 1.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.4% |
| 1-3y | 5.9% |
| 3-5y | 14.3% |
| 5-10y | 38.5% |
| 10y+ | 40.8% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 59% |
| Credit spreads | 41% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +3.53 yr |
| High yield | +0.68 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 0.61 yr | 10% |
| 5 yr | 1.70 yr | 28% |
| 10 yr | 2.39 yr | 40% |
| 30 yr | 1.30 yr | 22% |
3 mo is NEGATIVE (-0.01 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.02 yr | 0% |
| 1 yr | 0.44 yr | 10% |
| 5 yr | 1.79 yr | 43% |
| 10 yr | 1.66 yr | 39% |
| 30 yr | 0.31 yr | 7% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.01 | +0.01 | +0.01 | $19.3k | $10.2k |
| 1 yr | +0.61 | +0.31 | +0.13 | $528.7k | $216.5k |
| 5 yr | +1.70 | +1.52 | +0.27 | $2.59m | $460.4k |
| 10 yr | +2.39 | +1.43 | +0.23 | $2.43m | $392.3k |
| 30 yr | +1.30 | +0.26 | +0.04 | $448.8k | $73.5k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | United States Treasury4.63% · due 2046-02-15 | 3.46% | $589.64M | — |
| — | Fixed Income Clearing Corp. | 3.37% | $574.12M | — |
| — | United States Treasury5.00% · due 2045-05-15 | 3.24% | $551.20M | — |
| — | United States Treasury4.25% · due 2054-08-15 | 1.81% | $307.62M | — |
| — | United States Treasury3.88% · due 2028-03-31 | 1.59% | $270.76M | — |
| — | United States Treasury4.75% · due 2045-02-15 | 1.47% | $249.47M | — |
| — | BIG SKY FUNDING LLC0.00% · due 2035-10-20 | 0.99% | $168.58M | — |
| — | SPACE EXPLORATION TECH5.88% · due 2036-07-15 | 0.92% | $156.18M | — |
| — | United States Treasury4.63% · due 2045-11-15 | 0.88% | $148.86M | — |
| — | BEIGNET INVESTOR LLC6.58% · due 2049-05-30 | 0.85% | $145.56M | — |
Top 10 positions are 18.58% of net assets, top 25 27.16%, across 566 issuers.
See more of this fund's book
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