Loomis Sayles Securitized Asset (LSSAX - MF report) a Zacks Ranked #1 (Strong Buy) seeks a high level of current income consistent with capital preservation. Under normal market conditions, LSSAX will invest a major portion of its net assets in a diversified portfolio of securitized assets, such as mortgage-backed and other asset-backed securities. LSSAX may invest in any type of asset-backed security. In addition to residential and commercial asset-backed securities, LSSAX may invest in asset-backed securities related to automobiles, credit cards, home equity loans, manufactured housing, utilities, and other miscellaneous asset-backed securities.

The Loomis Sayles Securitized Asset fund, managed by Loomis-Sayles , carries an expense ratio of 0.01.

LSSAX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 6.68%, 3 year 11.14%, and 5 year 9.99%. To see how this fund performed compared in its category, please click here.

LSSAX’s performance, as of the last filing, when compared to funds in its category was in the top 1% in 1 year, top 35% over the past 3 years, and in the top 38% over the past 5 years.