Loomis Sayles Securitized Asset Fund (LSSAX)

Overview

The described fund operates within the financial sector, focusing on investment in a diversified portfolio of securitized assets. It adheres to a specific strategy under normal market conditions, allocating at least 80% of its net assets, along with any borrowings intended for investment purposes, into various kinds of securitized assets. These include, but are not limited to, mortgage-backed securities and other forms of asset-backed securities. The fund’s investment philosophy is built around the aim of providing investors with exposure to a carefully selected mix of securitized assets, allowing for diversification beyond traditional investment types.

Products and Services

• Mortgage-Backed Securities

  Invests in securities that are backed by mortgage loans. These could be residential mortgages, contributing to the diversification of the investment portfolio by incorporating debt securities that are influenced by the real estate market dynamics.

• Commercial Asset-Backed Securities

  Focuses on investments in securities backed by commercial loans or mortgages. These securities offer exposure to the commercial real estate market, diversifying risks and potentially offering different yield profiles compared to residential mortgage-backed securities.

• Automobile-Related Asset-Backed Securities

  Allocates a part of the portfolio to securities backed by loans or receivables related to automobiles. This includes investments in securities that are influenced by the performance of auto loans, providing a unique angle of investment within the consumer finance sector.

• Credit Card Asset-Backed Securities

  Includes investments in securities that are secured by receivables from credit cards. This type of asset-backed security imparts exposure to consumer credit behavior, adding a layer of diversification centered around personal finance.

• Home Equity Loan Asset-Backed Securities

  Invests in securities backed by home equity loans. These assets offer a different risk and return profile, contributing to the fund's strategy of diversification through exposure to the residential lending market outside of primary mortgages.

• Manufactured Housing Asset-Backed Securities

  Targets investments in securities backed by loans on manufactured housing. This niche market can provide additional diversification and potential yield enhancements, focusing on a specific segment of the housing market.

• Utilities Asset-Backed Securities

  Invests in securities backed by receivables or revenues from utilities companies. This area offers an investment tied to the essential services sector, potentially providing stable returns associated with utilities' consistent demand.

• Miscellaneous Asset-Backed Securities

  Explores opportunities in various other asset-backed securities not listed above, including but not limited to sectors like technology, health care, and education. This flexibility allows the fund to capitalize on emerging trends and opportunities across different segments.