UAT Long Duration Government/Credit Overview Composite Performance Overview The Long Duration Government/Credit strategy seeks to provide diversified, actively managed exposure to the long end of the US investment grade government and credit markets Primary BenchmarkBloomberg US Long Government/Credit IndexPortfolio Management John Hyll Portfolio Manager Read bio Neil Burke Portfolio Manager Read bio Strategy Highlights Invests primarily in long duration US investment grade fixed income securities Fundamental research from Loomis Sayles credit research is a primary source for investment ideas and specific industry and security selection recommendations are developed by the Loomis Sayles investment grade sector team Quantitative risk analysis is applied to portfolio construction to help manage both market and specific portfolio risks, by seeking to diversify and minimize unintended risks Portfolio Construction Duration typically within +/- 2 years (typically within +/- 0.5 year) relative to the index Allocations to non-US dollar and emerging markets debt securities may be allowed, per client guidelines Investments in securities rated <BBB may be allowed per client guidelines Maximum industry allocation: 25% or the index weight plus 10% whichever is greater at the time of purchase Maximum issuer position: 3% or index weight plus 2% whichever is greater at the time of purchase (Treasurys and GSEs excluded) Strategy Facts as of 9/30/2024Strategy Inception3/1/2006Strategy Assets$3.9 billionComposite Assets$2.8 billionNumber of Composite Accounts6Fact Sheet The Composite includes all discretionary separate and commingled accounts with market values greater than $20 million managed by Loomis Sayles with investment guidelines that allow from 0 to 20% high yield and are managed against a long broad benchmark. Proprietary quantitative models are employed in portfolio construction and risk assessment. Loomis Sayles’s security level research and significant allocation to non-index sectors and tactical sectors are primary alpha sources for this product. Prior to June 1, 2015 the Composite minimum account size requirement was $5 million. The Composite inception date is March 1, 2006. The Composite was created in 2006. Performance Primary Benchmark: Bloomberg US Long Government/Credit Index Quarter-End Performance as of 9/30/2024CumulativeGrossNetIndex3 month8.12%8.04%7.96% Year-to-date3.59%3.36%3.54%Trailing Performance as of 9/30/2024Annualized Total ReturnGrossNetIndex1 year17.71%17.37%17.24% 3 years-6.01%-6.26%-6.17% 5 years-1.11%-1.36%-1.97% 10 years2.91%2.67%2.32% Since Inception 3/1/20065.54%5.33%4.58% Period PerformanceYearGrossNetIndex20237.81%7.49%7.13% 2022-27.21%-27.39%-27.09% 2021-1.99%-2.21%-2.52% 202019.96%19.70%16.12% 201919.91%19.65%19.59% 2018-4.69%-4.90%-4.68% 201711.25%11.01%10.71% 20169.27%9.02%6.67% 2015-4.51%-4.72%-3.30% 201419.36%19.14%19.31% 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