Loomis Sayles Core Plus Bond A Fund (NEFRX - Free Report) a Zacks Rank #1 (Strong Buy) was incepted in November 1973 and is managed by CDC IXIS Asset Management Advisers, L.P. NEFRX seeks a high level of current income consistent with what the fund considers reasonable risk. NEFRX invests primarily in corporate and U.S. government bonds. NEFRX invests at least 80% of its assets in investment-grade bonds (those rated BBB or higher by Standard & Poor's Ratings Group ('S&P'), Baa or higher by Moody's Investors Service, Inc. ('Moody's') or, if unrated, of comparable quality as determined by Loomis Sayles) and generally maintains an average effective maturity of ten years or less.
The Loomis Sayles Core Plus Bond A fund, managed by Natixis Funds, carries an expense ratio of 0.74%. Moreover, NEFRX requires a minimal initial investment of $2,500.
NEFRX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 3.4% and 5 year 4.4%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
NEFRX’s performance, as of the last filing, when compared to funds in its category was in the top 11% over the past 1 year, in the top 28% over the past 3 years, and in the 13% over the past 5 years.
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