US High Yield Overview Composite Performance Overview The US High Yield strategy seeks to maximize total return through research driven security selection while managing downside risk through careful portfolio construction Primary BenchmarkBloomberg US Corporate High Yield - 2% Issuer Capped IndexPortfolio ManagementPortfolio Managers Matt Eagan Portfolio Manager, Head of Full Discretion Read bio Brian Kennedy Portfolio Manager Read bio Todd Vandam Portfolio Manager Read bio Peter Sheehan Portfolio Manager Read bio Associate Portfolio Manager 1 Christopher Romanelli Associate Portfolio Manager & Strategist Read bio Strategy Highlights High conviction, active credit manager Benchmark-aware, US high yield strategy Repeatable, deep value equity-like approach to fundamental research and issue selection Risk awareness tools overlay fundamental investment process May invest up to 5% in non-US dollar denominated securities, which are hedged back to USD Maximum of 3% per non-government issuer (GSEs excluded) Maximum of 25% per industry Strategy Facts as of 9/30/2024Strategy Inception7/1/2009Strategy Assets$2.4 billionComposite Assets$847.5 millionNumber of Composite Accounts5Fact Sheet Learn More About the Team Explore more about the team’s philosophy, offerings, and insights.Learn More The Composite includes all discretionary accounts with market values greater than $5 million managed by Loomis Sayles with investment guidelines that allow for a diversified, actively managed exposure to the US High Yield credit market which emphasizes a disciplined portfolio construction and risk assessment process in fixed income and related investments of any maturity and credit quality, including lower-rated fixed income investments, derivatives, and bonds with equity like features. As of 1/1/2021 the Composite was redefined to include commingled vehicles, previously only separate accounts were included. The Composite inception date is October 1, 2009. The Composite was created in 2010. 1Associate Portfolio Managers do not have discretion over the strategy. Performance Primary Benchmark: Bloomberg US Corporate High Yield - 2% Issuer Capped Index Quarter-End Performance as of 9/30/2024CumulativeGrossNetIndex3 month6.24%6.13%5.28% Year-to-date8.59%8.23%8.00%Trailing Performance as of 9/30/2024Annualized Total ReturnGrossNetIndex1 year15.64%15.12%15.73% 3 years2.69%2.24%3.09% 5 years4.49%4.03%4.70% 10 years5.05%4.58%5.04% Since Inception 10/1/20096.97%6.47%6.84% Period PerformanceYearGrossNetIndex202312.12%11.62%13.44% 2022-11.38%-11.76%-11.18% 20214.22%3.76%5.26% 20208.51%8.03%7.05% 201912.60%12.09%14.32% 2018-2.93%-3.37%-2.08% 20178.03%7.56%7.50% 201616.29%15.72%17.13% 2015-1.77%-2.26%-4.43% 20143.38%2.86%2.46% 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