Senior Loan
Overview
Strategy Details
Available Vehicles
- Institutional Separate Account
- Commingled TrustCommingled trust may include a collective investment trust, an institutional-only investment structure that is exclusively available to qualified retirement plans which meet certain eligibility requirements. A collective investment trust is not available to retail investors or the general public. For more information, qualified retirement plan sponsors should reach out to their Loomis Sayles Relationship Manager.
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
- Investment philosophy is transparent, benchmark-aware and long-only
- Intense fundamental research attempts to reduce default risk
- Favor higher quality, par loans that offer multiple credit cushions
- Portfolios are diversified by industry and security
- Seeks to avoid second lien loans under most market conditions
Composite Performance
Cumulative Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 3 Months | 1.47% | 1.35% | 1.59% |
| Year-To-Date | 4.64% | 4.28% | 4.72% |
Annualized Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 1 Year | 7.09% | 6.59% | 7.04% |
| 3 Years | 9.19% | 8.68% | 9.01% |
| 5 Years | 6.49% | 6.00% | 6.34% |
| 10 Years | 4.99% | 4.50% | 4.79% |
| Since 9/1/2004 | 4.70% | 4.20% | 4.34% |
Period Performance (%)
As of 9/30/2025| Year | Gross | Net | Index |
|---|---|---|---|
| 2024 | 8.41% | 7.90% | 8.15% |
| 2023 | 11.50% | 10.98% | 10.18% |
| 2022 | 1.57% | 1.09% | 2.84% |
| 2021 | 3.64% | 3.15% | 3.12% |
| 2020 | 1.59% | 1.11% | 0.75% |
| 2019 | 8.56% | 8.05% | 9.31% |
| 2018 | 0.21% | -0.26% | -0.42% |
| 2017 | 3.72% | 3.24% | 3.44% |
| 2016 | 8.04% | 7.54% | 7.33% |
| 2015 | 1.48% | 1.00% | 2.23% |
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 with market values greater than $50 million managed by Loomis Sayles with a primary focus on attractive risk/return trade-offs within the bank loan sector. The Composite inception date is September 1, 2004. The Composite was created in 2007.