Investment Grade Bond Managed Account

³Associate Portfolio Managers do not have discretion over the strategy.

Important Disclosures

Investing involves risk, including possible loss of principal. Fixed-income securities may be susceptible to general movements in the bond market and are subject to credit and interest rate risks. Credit risk arises from an issuer’s ability to make interest and principal payments when due, as well as the prices of bonds declining when an issuer’s credit quality is expected to deteriorate. Interest rate risk occurs when interest rates rise causing bond prices to fall. The issuer of a debt security may be able to repay principal prior to the security’s maturity, known as prepayment (call) risk, because of an improvement in its credit quality or falling interest rates. In this event, this principal may have to be reinvested in securities with lower interest rates than the original securities, reducing the potential for income.

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 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 passthrough securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis. Indices are unmanaged and do not incur fees. It is not possible to invest directly in an index.

The Composite includes all discretionary managed accounts with market values at least $100,000 managed by Loomis Sayles with investment guidelines prescribing investment in liquid bonds. The outright purchase of non-US dollar denominated, equity, convertible, bank loan and derivative securities is not permitted. However, these may be accessed indirectly through the Composite’s ability to invest up to 40% total in the Loomis Sayles Securitized Asset Fund, Loomis Sayles High Income Opportunities Fund or other funds permissible by investment guidelines. Security selection is the primary alpha source for this product. Yield curve and duration management are additional tools utilized by the portfolio management team. Proprietary quantitative models are employed in portfolio construction and risk assessment. The Composite inception date is August 1, 2024. The Composite was created in October 2024.

Loomis, Sayles & Co., L.P. (“Loomis Sayles”) acts as a discretionary investment manager or non-discretionary model provider in a variety of separately managed account or wrap fee programs (each, an “SMA Program”) sponsored by a third party investment adviser, broker-dealer or other financial services firm (a “Sponsor”). When acting as a discretionary investment manager, Loomis Sayles is responsible for implementing trades in SMA Program accounts. When acting as a non-discretionary model provider, Loomis Sayles’ responsibility is limited to providing non-discretionary investment recommendations (in the form of a model portfolio) to the SMA Program Sponsor or overlay manager, and the Sponsor or overlay manager may utilize such recommendations in connection with its management of its clients’ SMA Program accounts. In such “model-based” SMA Programs (“Model-Based Programs”), it is the Sponsor or overlay manager, and not Loomis Sayles, which serves as the investment manager to, and has trade implementation responsibility for, the Model-Based Program accounts, and may customize each client account according to the reasonable restrictions or customization that a client may request.