Sustainable Euro Investment Grade Credit
Overview
Strategy Details
Available Vehicles
- Institutional Separate Account
Portfolio Managers
Rik den Hartog, CFA
Portfolio Manager, Co-Head of Euro Credit
Pim van Mourik Broekman, CFA
Portfolio Manager, Co-Head of Euro Credit
Luuk Cummins, CFA
Portfolio Manager, Investment Committee Member
Quirijn Landman, CFA
Portfolio Manager
Sipke Moes, CFA
Portfolio Manager
Ronald Schep
Portfolio Manager
Marco Zanotto, CFA
Portfolio Manager
About the Team
Our active, conservative alpha investment process aims to capitalize on inefficiencies in the euro-denominated credit market.
Investment Strategy
- Combines a top-down market view with bottom-up corporate fundamental analysis
- Actively managed strategy that invests primarily in investment grade, euro-denominated corporate bonds
- Strong beta-driven risk orientation
- Diversified strategy with uncorrelated positions
- Portfolio Construction
- Investment Grade Corporates 90-100%
- BB Corporates 0-10%
- Beta Ranges vs Benchmark
- Overall portfolio (-30% | +30%)
- Sector level (-5% | +5%)
- Issuer level (-3% | +3%)
- Duration
- Managed within a narrow range to the benchmark
Composite Performance
Cumulative Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 3 Months | 0.98% | 0.90% | 0.92% |
| Year-To-Date | 3.04% | 2.82% | 2.75% |
Annualized Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 1 Year | 3.92% | 3.62% | 3.57% |
| 3 Years | 6.20% | 5.89% | 5.53% |
| Since 7/1/2021 | 0.63% | 0.33% | -0.21% |
Period Performance (%)
As of 9/30/2025| Year | Gross | Net | Index |
|---|---|---|---|
| 2024 | 5.10% | 4.78% | 4.53% |
| 2023 | 9.10% | 8.77% | 8.17% |
| 2022 | -12.95% | -13.21% | -14.18% |
| 2021 | -0.12% | -0.27% | -0.61% |
Documents
Important Disclosures
Performance data shown represents past performance and is no guarantee of future results. Current performance may be lower or higher than quoted. Returns are shown in EUR 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.
KEY RISKS: Credit Risk, Issuer Risk, Interest Rate Risk, Liquidity Risk, Non-US Securities Risk, Currency Risk, Prepayment Risk and Extension Risk. Investing involves risk including possible loss of principal.
There is no guarantee that the investment objective will be realized or that the strategy will generate positive or excess return.
Diversification does not ensure a profit or guarantee against a loss.
Investment vehicles may not be available to all investors and are subject to eligibility.
The Composite includes all discretionary accounts with market values at least €20 million managed by Loomis Sayles that seek to add value for clients primarily through seeking to generate consistent excess returns versus the benchmark utilizing a conservative alpha investment process. This process combines a top-down market view with bottom-up corporate fundamental analysis whereby ESG is fully integrated. This results in an actively managed, diversified strategy, with strong beta-driven risk orientation and uncorrelated positions. The Composite invests primarily in euro-denominated, investment grade corporate bonds. Accounts may allow up to 10% in BB-rated securities and up to 10% in non-EUR denominated securities, albeit hedged for currency and interest rate risk. Portfolio duration is managed within a narrow range to the benchmark. The strategy excludes investments in certain sectors and companies based on ESG screening criteria. The Composite inception date is July 1, 2021. The Composite was created in June 2023.