Intermediate (5 Year) Municipal Bond Managed Account Overview Overview The Intermediate (5 Year) Municipal Bond Managed Account strategy seeks to provide capital stability, tax-free income, and low to moderate interest rate volatility Primary BenchmarkBloomberg Managed Money Short Intermediate Bond IndexStrategy FactsStrategy Inception: 5/1/1994 Composite Inception: 1/1/2005Portfolio Management Dawn Mangerson Portfolio Manager, Head of Municipal Portfolio Management Read bio Pramila Agrawal Portfolio Manager, Director of Custom Income Strategies Read bio Strategy Highlights The Municipal Bond team follows a disciplined, research-driven, risk-managed process to identify attractive relative value within the investment grade municipal universe Portfolio managers and credit research analysts select securities based on a rigorous internal quantitative and qualitative review. Security selection seeks to exploit sector, state and individual security relative value opportunities Interest rate risk is managed by targeting duration exposure within close proximity to the benchmark The maturity structure is actively adjusted relative to the benchmark to take advantage of current and anticipated changes to the shape of the yield curve Tax implications, including tax loss harvesting, can play an integral role in the relative value analysis conducted to evaluate investment alternatives Typical Portfolio Construction Typical range of maturities: 1 – 12 Years Typical average duration: 4.25 – 4.75 Years Credit Quality: Investment Grade, Average of AA Sectors: Core Municipal The Composite includes all discretionary Managed Accounts (Wrap/Bundled Fee) managed by Loomis Sayles with guidelines prescribing investment in primarily U.S. Dollar denominated municipal bonds with target duration of 3 to 6 years and has a benchmark of the Bloomberg Managed Money Short/Intermediate Bond Index or similar index which reflect the Composite investment strategy and duration target. The Composite inception date is January 1, 2005.The composite was created in 2005. Performance Primary Benchmark: Bloomberg Managed Money Short Intermediate Bond Index Year-to-Date Performance as of 12/20/2024 Class NA N/A Month-End Performance as of -1/-1/-1Cumulative Total ReturnClass NA3 monthN/AYear-to-dateN/AAnnualized Total ReturnClass NAInception DateN/ASince InceptionN/AQuarter-End Performance as of -1/-1/-1Cumulative Total ReturnClass NA3 monthN/AYear-to-dateN/AAnnualized Total ReturnClass NAInception DateN/ASince InceptionN/A Gross Expense Ratio: (I) NA; Net Expense Ratio: (I) NA Performance data shown represents past performance and is no guarantee of, and not necessarily indicative of, future results. Total return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. Returns include changes in share price and reinvestment of dividends and capital gains, if any.. Monthly Characteristics Monthly as of -1/-1/-1 Sector Distribution (Fixed) 0.0% 0 Quarterly Characteristics Quarterly as of -1/-1/-1 Sector Distribution (Fixed)FundIndex 0.0%0.0% 0.0%0.0% 0 Holdings Top 10 holdings may not be representative of current or future holdings and will evolve over time. x < Page: / > Download PDF