Senior Floating Rate and Fixed Income
Overview
Strategy Details
Available Vehicles
- Institutional Separate Account
- Mutual Fund
Portfolio Managers
Matt Eagan, CFA
Portfolio Manager, Head of Full Discretion
Michael Klawitter, CFA
Portfolio Manager, Bank Loans Strategist
Heather Young, CFA
Portfolio Manager, Bank Loans Strategist
Peter Sheehan
Portfolio Manager
Eric Williams
Portfolio Manager
Associate Portfolio Manager3
Chris Romanelli, CFA
Portfolio Manager, Associate Portfolio Manager, High Yield Corporate Strategist
About the Team
High-conviction, active credit investors focused on results.
Investment Strategy
- Portfolio selection is based on value-driven, opportunistic approach to investing in senior secured floating rate loans and other fixed income securities
- Allocations to out-of-benchmark securities for offensive and defensive purposes
- Macro-guided portfolio construction
- Long-term investment horizon
- Draws on Loomis Sayles’ deep fundamental credit research capabilities and experience
- Will invest at least 65% in floating rate loans
- May invest up to 35% of assets in other fixed income securities
- May invest up to 20% of assets in non-US issuers, including 10% in emerging market debt securities
Composite Performance
Cumulative Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 3 Months | 1.75% | 1.62% | 1.77% |
| Year-To-Date | 4.99% | 4.60% | 4.63% |
Annualized Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 1 Year | 7.79% | 7.26% | 7.00% |
| 3 Years | 9.72% | 9.17% | 9.85% |
| 5 Years | 6.70% | 6.17% | 6.96% |
| 10 Years | 5.38% | 4.85% | 5.47% |
| Since 11/1/2011 | 5.78% | 5.27% | 5.21% |
Period Performance (%)
As of 9/30/2025| Year | Gross | Net | Index |
|---|---|---|---|
| 2024 | 9.47% | 8.93% | 8.95% |
| 2023 | 13.24% | 12.68% | 13.32% |
| 2022 | -3.87% | -4.35% | -0.77% |
| 2021 | 5.75% | 5.23% | 5.20% |
| 2020 | 2.29% | 1.78% | 3.12% |
| 2019 | 6.31% | 5.78% | 8.64% |
| 2018 | 1.25% | 0.75% | 0.44% |
| 2017 | 5.95% | 5.43% | 4.12% |
| 2016 | 12.46% | 11.90% | 10.16% |
| 2015 | -0.30% | -0.79% | -0.69% |
Documents
3Associate Portfolio Managers do not have discretion over the strategy.
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 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.
KEY RISKS: Credit Risk, Issuer Risk, Interest Rate Risk, Liquidity Risk, Derivatives Risk, Currency Risk, Counterparty Risk, Non-US Securities Risk, Prepayment Risk, Extension Risk and Management 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.
Investment vehicles may not be available to all investors and are subject to eligibility.
The Composite includes all discretionary accounts managed by Loomis Sayles with a primary focus on attractive risk/return trade-offs within the bank loan sector with allocations to out of benchmark securities for offensive and defensive purposes. The objective is to provide a high level of current income with an eye toward a long term investment horizon. Accounts will have at least 65% of their assets in floating rate loans and may invest up to 35% of their assets in other fixed income securities, primarily rated high yield. Accounts may employ the use of leverage through borrowing up to one third of their assets after such borrowing. The Composite inception date is November 1, 2011. The Composite was created in 2012.