Senior Floating Rate and Fixed Income Overview Composite Performance Overview The Senior Floating Rate and Fixed Income strategy seeks to provide a high level of current income Primary BenchmarkMorningstar LSTA US Leveraged Loan IndexPortfolio Management Michael Klawitter Portfolio Manager Read bio Heather Young Portfolio Manager Read bio Strategy Highlights Portfolio selection is based on value driven, opportunistic approach to investing in senior secured floating rate loans and other fixed income securities Allocations to out-of-benchmark securities for offensive and defensive purposes Macro-guided portfolio construction Long-term investment horizon Draws on Loomis Sayles’s deep fundamental credit research capabilities and experience Investment Strategy Will invest at least 65% in floating rate loans May invest up to 35% of assets in other fixed income securities May invest up to 20% of assets in non-US issuers, including 10% in emerging market debt securities Strategy Facts as of 9/30/2024Strategy Inception11/1/2011Strategy Assets$2.4 billionComposite Assets$801.8 millionNumber of Composite Accounts1Fact Sheet Additional Content"Covenant-Lite" Loans: Credit Quality Is Still the Dominant Factor The Composite includes all discretionary accounts managed by Loomis Sayles with a primary focus on attractive risk/return trade-offs within the bank loan sector with allocations to out of benchmark securities for offensive and defensive purposes. The objective is to provide a high level of current income with an eye toward a long term investment horizon. Accounts will have at least 65% of their assets in floating rate loans and may invest up to 35% of their assets in other fixed income securities, primarily rated high yield. Accounts may employ the use of leverage through borrowing up to one third of their assets after such borrowing. The Composite inception date is November 1, 2011. The Composite was created in 2012. Performance Primary Benchmark: Morningstar LSTA US Leveraged Loan Index Quarter-End Performance as of 9/30/2024CumulativeGrossNetIndex3 month2.15%2.03%2.04% Year-to-date6.62%6.23%6.54%Trailing Performance as of 9/30/2024Annualized Total ReturnGrossNetIndex1 year9.53%8.99%9.59% 3 years5.42%4.90%6.47% 5 years4.86%4.34%5.75% 10 years4.76%4.25%4.86% Since Inception 11/1/20115.63%5.11%5.07% Period PerformanceYearGrossNetIndex202313.24%12.68%13.32% 2022-3.87%-4.35%-0.77% 20215.75%5.23%5.20% 20202.29%1.78%3.12% 20196.31%5.78%8.64% 20181.25%0.75%0.44% 20175.95%5.43%4.12% 201612.46%11.90%10.16% 2015-0.30%-0.79%-0.69% 20143.28%2.77%1.60% Performance data shown represents past performance and is no guarantee of, and not necessarily indicative of, future results. Current performance may be lower or higher than quoted. Returns are shown in US dollars and are annualized for one and multi-year periods. Gross returns are net of trading costs. Net returns are gross returns less effective management fees.There is no guarantee that the investment objective will be realized or that the strategy will generate positive or excess return. Monthly Characteristics Monthly as of -1/-1/-1 Currency Distribution @ERROR% Duration Distribution @ERROR% Sector Distribution (Fixed) * 0.0% Country Distribution @ERROR% Maturity Distribution @ERROR% Credit Quality @ERROR% Portfolio composition statistics are from the adviser’s internal system and may not match the fund’s regulatory documents. Credit Quality reflects the highest credit rating assigned to individual holdings of the fund among Moody’s, S&P or Fitch; ratings are subject to change. The fund’s shares are not rated by any rating agency and no credit rating for fund shares is implied. Bond credit ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest).Cash & Equivalents reflects unsettled trades, fees and derivatives. Negative Cash & Equivalents reflect the market value of future trade commitments for the fund. ABS/RMBS: Asset-Backed Securities/Residential Mortgage-Backed Securities. Agency MBS: Agency Mortgage-Backed Securities. CMBS: Commercial Mortgage-Backed Securities. Due to rounding, Sector, Currency, Country, Duration, Maturity and Quality distribution totals may not equal 100%. Quarterly Characteristics Quarterly as of -1/-1/-1 Currency DistributionFundIndex @ERROR%0.0% Duration DistributionFundIndex @ERROR%@ERROR% Sector Distribution (Fixed) *FundIndex 0.0%0.0% 0.0%0.0% Country DistributionFundIndex @ERROR%0.0% Maturity DistributionFundIndex @ERROR%@ERROR% Credit QualityFundIndex@ERROR%0.0% Portfolio composition statistics are from the adviser’s internal system and may not match the fund’s regulatory documents. Credit Quality reflects the highest credit rating assigned to individual holdings of the fund among Moody’s, S&P or Fitch; ratings are subject to change. The fund’s shares are not rated by any rating agency and no credit rating for fund shares is implied. Bond credit ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest).Cash & Equivalents reflects unsettled trades, fees and derivatives. Negative Cash & Equivalents reflect the market value of future trade commitments for the fund. ABS/RMBS: Asset-Backed Securities/Residential Mortgage-Backed Securities. Agency MBS: Agency Mortgage-Backed Securities. CMBS: Commercial Mortgage-Backed Securities. Due to rounding, Sector, Currency, Country, Duration, Maturity and Quality distribution totals may not equal 100%. Holdings Top Ten Holdingsas of 9/30/2024% Assets @ERROR% Top 10 holdings may not be representative of current or future holdings and will evolve over time. x < Page: / > Download PDF