Long Duration Government/Credit
The Long Duration Government/Credit strategy seeks to outperform the Barclays Long Government/Credit Index while maintaining a benchmark aware risk return objective
Primary Benchmark:
Barclays Long Government/Credit Index
Strategy Highlights
- Max. < BBB: 10% (per client guidelines)
- Duration typically within +/- 2 year relative to Index
- Max. relative issuer overweight of 2%
- Max. relative industry overweight of 10%
The Long Duration Government/Credit Composite includes all discretionary accounts managed by Loomis Sayles with investment guidelines that allow from 0 to 10% high yield and have an average portfolio duration longer than 9 years. The Composite was created in 2006.
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Primary Benchmark: Barclays Long Government/Credit Index
|
Month-End Performance as of 4/30/2013 | Cumulative | Gross | Net | Index |
|---|
| 3 month | 4.91% | 4.86% | 4.70% | | Year-to-date | 2.39% | 2.33% | 1.87% |
Quarter-End Performance as of 3/31/2013 | Cumulative | Gross | Net | Index |
|---|
| 3 month | -1.54% | -1.58% | -1.98% | | Year-to-date | -1.54% | -1.58% | -1.98% |
| Average Annual Total Return | Gross | Net | Index |
|---|
| 1 year | 11.03% | 10.83% | 8.94% | | 3 years | 13.67% | 13.47% | 12.31% | | 5 years | 11.82% | 11.63% | 9.55% | | Since Inception (3/1/2006) | 9.50% | 9.34% | 8.11% |
|
Calendar Year Performance | Year | Gross | Net | Index |
|---|
| 2012 | 10.62% | 10.41% | 8.78% | | 2011 | 22.79% | 22.58% | 22.49% | | 2010 | 12.43% | 12.25% | 10.16% | | 2009 | 9.28% | 9.09% | 1.92% | | 2008 | 5.53% | 5.34% | 8.44% | | 2007 | 7.16% | 7.05% | 6.60% |
|
Past performance does not guarantee future results. Gross returns are net of trading costs. Net returns are gross returns less effective management fees. Returns for multi-year periods are annualized.
Monthly as of 4/30/2013
| Characteristics | |
|---|
| Number of Issues | | | Average Maturity | | | Weighted Average Duration | @ERROR | | Annual Turnover (-1/-1/-1) | % |
| Currency Distribution | |
|---|
| @ERROR% |
| Duration Distribution | |
|---|
| @ERROR% |
Top Ten Holdings
as of 4/30/2013 | % Assets |
|---|
| @ERROR% | |
| Sector Distribution | |
|---|
| 0.00% | | 0.00% |
| Country Distribution | |
|---|
| @ERROR% |
| Maturity Distribution | |
|---|
| @ERROR% |
|
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.
Cash & Equivalents reflects unsettled trades, fees and derivatives. Negative Cash & Equivalents reflect the market value of future trade commitments for the fund. In the Sector, Duration and Maturity distributions, the calculations are based on the specific traits of each security related to that distribution, which can result in variations of the Cash & Equivalents weightings.
Due to rounding, quality, maturity, sector, currency, country and duration totals may not equal 100.00%.
Quarterly as of 3/31/2013
| Characteristics | Fund | Index |
|---|
| Number of Issues | | | | Average Maturity | | | | Weighted Average Duration | | | | Annual Turnover (-1/-1/-1) | % | |
| Currency Distribution | Fund | Index |
|---|
| @ERROR% | 0.00% |
| Duration Distribution | Fund | Index |
|---|
| @ERROR% | @ERROR% |
Top Ten Holdings
as of 3/31/2013 | % Assets |
|---|
| @ERROR% | |
| Sector Distribution | Fund | Index |
|---|
| 0.00% | 0.00% | | 0.00% | 0.00% |
| Country Distribution | Fund | Index |
|---|
| @ERROR% | 0.00% |
| Maturity Distribution | Fund | Index |
|---|
| @ERROR% | @ERROR% |
| Credit Quality | Fund | Index |
|---|
| @ERROR% | @ERROR% |
|
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.
Cash & Equivalents reflects unsettled trades, fees and derivatives. Negative Cash & Equivalents reflect the market value of future trade commitments for the fund. In the Sector, Duration and Maturity distributions, the calculations are based on the specific traits of each security related to that distribution, which can result in variations of the Cash & Equivalents weightings.
Due to rounding, quality, maturity, sector, currency, country and duration totals may not equal 100.00%.