UAT Emerging Markets Corporate Debt - Investment Grade Plus Overview Composite Performance Overview The Emerging Markets Corporate Debt - Investment Grade Plus strategy seeks to generate attractive risk adjusted returns by combining macro-driven country analysis, with bottom-up security selection to identify potential market inefficiencies and alpha opportunities Primary BenchmarkJP Morgan CEMBI Broad Diversified Investment Grade IndexPortfolio Management Elisabeth Colleran Portfolio Manager, Emerging Markets Debt Read bio Eddy Sternberg Portfolio Manager Read bio Strategy Highlights Value-oriented portfolio investing primarily in hard currency investment grade emerging markets fixed income securities of corporations Seeks to add value by combining top-down macroeconomic analysis with research-driven, bottom-up security selection Leverages Loomis Sayles’ extensive macroeconomic and credit research including coverage of more than 70 emerging markets countries and over 650 emerging markets corporate, sovereign and quasi-sovereign issuers Proprietary portfolio construction platform that integrates fundamental research and quantitative measures to guide relative value and risk management decision making ESG considerations are integrated into our risk and valuation analysis and into portfolio construction Minimum average quality: Baa3 Maximum allocation to high yield is 15% Effective duration: +/- 1 year relative to the benchmark Typical portfolio: 125 to 185 issuers Strategy Facts as of 9/30/2024Strategy Inception5/22/2015Strategy Assets$3.1 billionComposite Assets$204.5 millionNumber of Composite Accounts1Fact Sheet Additional ContentThree Considerations for Insurers Weighing an EM Corporate Debt Allocation Meaningful Distinctions: Emerging Market Corporate Bonds versus Emerging Market Sovereigns Five Perspectives on Emerging Market US Dollar Corporate Debt Learn more about the team Explore more about the team’s philosophy, offerings, and insights.Learn More The Emerging Markets Debt Investment Grade Plus Composite includes all discretionary accounts managed by Loomis Sayles with market values greater than $20 million which primarily invest in investment grade hard currency debt of corporate, sovereign, and quasi-sovereign entities located in emerging market economies and that are benchmarked to hard currency emerging market corporate indices. Loomis Sayles’s security level research and significant tactical country and sector allocation are primary alpha sources for this product. Prior to January 1, 2018 the Composite did not have a minimum account size requirement. The Composite inception date is July 1, 2015. The Composite was created in 2018. Performance Primary Benchmark: JP Morgan CEMBI Broad Diversified Investment Grade Index Quarter-End Performance as of 9/30/2024CumulativeGrossNetIndex3 month4.74%4.57%4.42% Year-to-date7.08%6.57%6.62%Trailing Performance as of 9/30/2024Annualized Total ReturnGrossNetIndex1 year13.03%12.31%12.61% 3 years0.33%-0.23%-0.58% 5 years2.24%1.72%1.34% Since Inception 7/1/20153.83%3.32%3.05% Period PerformanceYearGrossNetIndex20237.45%6.76%7.57% 2022-11.70%-12.09%-14.20% 20210.10%-0.33%0.08% 20208.29%7.83%7.45% 201913.99%13.51%12.64% 2018-1.10%-1.53%-0.59% 20177.32%6.83%6.27% 20167.32%6.79%5.84% 2015*-1.05%-1.30%-0.91%* Since Inception 7/1/2015 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