Strategic Alpha Fund
Overview
Fund Details
Portfolio Managers
Matt Eagan, CFA
Portfolio Manager, Head of Full Discretion
Brian Kennedy
Portfolio Manager
Associate Portfolio Managers3
Scott Darci, CFA
Portfolio Manager, Associate Portfolio Manager, Convertibles & Equity Strategist
Bryan Hazelton, CFA
Portfolio Manager, Associate Portfolio Manager, Investment Grade Corporate Strategist
Fund Facts
About the Team
High-conviction, active credit investors focused on results.
Our Performance data shown represents past performance and is no guarantee of future results. Investment return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. For most recent month-end performance, please see the tab labeled “Performance”.
Frequent portfolio turnover may result in increased tax liabilities, which will reduce your overall return from the Fund.
Why Choose this Fund?
- Utilizes a wide opportunity set to help achieve attractive risk-adjusted returns with potentially greater source of income
- Focused on drawdown management and capital preservation
- Low correlations to traditional fixed income indices provides diversification
Investment Strategy
- High conviction, active credit manager.
- Benchmark unconstrained, multisector fixed income strategy that seeks to provide a favorable total return with a low correlation to traditional fixed income
- Flexible investment framework with the capability to invest across global fixed income markets while seeking to provide consistent investment results throughout market cycles
- Keen focus on risk and drawdown consistent with capital preservation
- Duration: -2 to 5 years
- Maximum/Minimum net exposure Below investment grade: +/- 50%
- Non-US dollar currency: +/- 50%
- Emerging markets currency: +/- 20%
About Risk
- Fixed income securities may carry one or more of the following risks: credit, interest rate (as interest rates rise bond prices usually fall), inflation and liquidity.
- Below investment grade fixed income securities may be subject to greater risks (including the risk of default) than other fixed income securities.
- Currency exchange rates between the US dollar and foreign currencies may cause the value of the fund’s investments to decline.
- Derivatives involve risk of loss and may entail additional risks. Because derivatives depend on the performance of an underlying asset, they can be highly volatile and are subject to market and credit risks.
- Foreign and emerging market securities may be subject to greater political, economic, environmental, credit, currency and information risks. Foreign securities may be subject to higher volatility than US securities due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets.
- Mortgage-related and asset-backed securities are subject to the risks of the mortgages and assets underlying the securities. Other related risks include prepayment risk, which is the risk that the securities may be prepaid, potentially resulting in the reinvestment of the prepaid amounts into securities with lower yields.
- Commodity-related investments, including derivatives, may be affected by a number of factors including commodity prices, world events, import controls and economic conditions, and therefore may involve substantial risk of loss.
- Non-diversified funds invest a greater portion of assets in fewer securities and therefore may be more vulnerable to adverse changes in the market.
- Short exposures using derivatives may present various risks. If the value of the asset, asset class or index on which the fund holds short investment exposure increases, the fund will incur a loss. The potential risk of loss from a short exposure is theoretically unlimited, and there can be no assurance that securities necessary to cover a short position will be available for purchase.
Performance
Cumulative Total Return (%)
As of 11/30/2025| Class Y | Return |
|---|---|
| 3 Months | 1.78% |
| Year-To-Date | 8.04% |
Annualized Total Return (%)
As of 11/30/2025| Class Y | Return |
|---|---|
| 1 Year | 8.06% |
| 3 Years | 8.16% |
| 5 Years | 3.61% |
| 10 Years | 4.03% |
| Since Inception | 3.47% |
Cumulative Total Return (%)
As of 9/30/2025| Class Y | Return |
|---|---|
| 3 Months | 2.42% |
| Year-To-Date | 6.85% |
Annualized Total Return (%)
As of 9/30/2025| Class Y | Return |
|---|---|
| 1 Year | 7.53% |
| 3 Years | 8.47% |
| 5 Years | 4.05% |
| 10 Years | 3.90% |
| Since Inception | 3.43% |
Performance data shown represents past performance and is no guarantee of future results. Total return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. Returns include changes in share price and reinvestment of dividends and capital gains, if any.
Rankings
Lipper Ranking
As of 11/30/2025| Class Y | Rank | Percentile |
|---|---|---|
| 1 Year | 38/94 | 40% |
| 3 Years | 35/90 | 39% |
| 5 Years | 64/88 | 73% |
| 10 Years | 31/59 | 53% |
Morningstar Ranking
As of 11/30/2025| Class Y | Rank | Percentile |
|---|---|---|
| 1 Year | 35/216 | 16% |
| 3 Years | 30/208 | 14% |
| 5 Years | 57/188 | 30% |
| 10 Years | 29/133 | 22% |
Lipper rankings are based on total returns calculated by each ranking entity. Rankings do not take into account sales charges, if applicable, but include reinvestment of dividends and capital gains, if any.
Morningstar Percentile Rankings are based on total return and do not account for sales charges. Percentile ranks are based on absolute rank within specific fund categories and time periods. Within a category, all funds’ percentile rankings range from 1 (best) to 100 (worst), with all intermediate values spread evenly over that range. The fund’s absolute peer ranking may not be available for all time periods. Morningstar does not calculate an absolute peer ranking when a fund’s performance has been linked to a preexisting share class.
Past performance is no guarantee of future results.
Documents
1As of the most recent prospectus, the investment advisor has contractually agreed to waive fees and/or reimburse expenses (with certain exceptions) once the expense limitation of the fund has been exceeded. This arrangement is set to expire on 4/30/26. When an expense limitation has not been exceeded, the fund may have similar expense ratios and/or yields.
2The 30-day SEC yield is a standardized calculation, calculated by dividing the net investment income per share for the 30-day period by the maximum offering price per share at the end of the period and annualizing the result. Treasury Inflation-Protected Securities (TIPS) are designed to provide protection against inflation through monthly adjustments to the principal value of TIPS, which increases with inflation and decreases with deflation as measured by the Consumer Price Index. Monthly principal adjustments for inflation (increases and decreases) are excluded from the 30-day SEC yield calculation. Such adjustments can vary substantially from one month to the next, and if they were included, may materially impact the 30-day SEC yield either higher or lower. A subsidized 30-day SEC yield reflects the effect of fee waivers and expense reimbursements. The SEC yield is not based upon distributions of the fund and actual income distributions may be higher or lower than the 30-day SEC yield amounts. During periods of unusual market conditions and/or activity in the sales or redemptions of fund shares, the fund’s 30-day SEC yield amounts may be materially higher or lower than its actual income distributions. Unsubsidized 30-day SEC yield is calculated using the gross expenses of the fund. Gross expenses do not include any fee waivers or reimbursement.
Important Disclosures
Investing involves risk, including possible loss of principal.
There is no guarantee that the investment objective will be realized or that the fund will generate positive or excess return.
Diversification does not ensure a profit or guarantee against a loss.
The Bloomberg US Aggregate Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the US investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis. Indexes are unmanaged and do not incur fees. It is not possible to invest directly in an index.
Lipper Analytical Services Inc., a Thomson Reuters Company, is a nationally recognized organization that provides performance information for mutual funds. Copyright 2025 © Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
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Class N shares of the Fund are subject to a $1,000,000 initial investment minimum. There is no initial investment minimum for Certain Retirement Plans and funds of funds that are distributed by Natixis Distribution, LLC (the “Distributor”).
Before investing, consider the fund’s investment objectives, risks, charges, and expenses. You may obtain a prospectus or a summary prospectus containing this and other information on this website. Read it carefully.
Natixis Distribution, LLC (fund distributor, member FINRA|SIPC) and Loomis, Sayles & Company, L.P. are affiliated.
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