Active US Treasury (1yr-30yrs)
Overview
Strategy Details
Portfolio Manager
Michael Gladchun
Portfolio Manager
About the Team
A comprehensive fixed income platform powered by seasoned investors and focused, benchmark aware investment strategies.
Our Performance data shown represents past performance and is no guarantee of future results.
Investment Strategy
- The investment process utilizes fundamental analysis of macro-economic trends and policies and
also quantitative signals to guide positioning in duration, yield curve and TIPS - The strategy utilizes a tactical, rules based process designed to seek alpha in an unbiased, risk
controlled manner - The strategy tends to have a large relative overweight to more liquid on-the-run Treasury securities
- Duration bands: +/- 1.5 years relative to the benchmark
- Investment in TIPS limited to 15% of duration contribution
- Investment universe includes US Treasury bills, notes, bonds, agency discount notes, TIPS and
STRIPS - All investments must be US dollar denominated
- Eligible derivatives may include US Treasury futures
Composite Performance
Cumulative Total Return (%)
As of 6/30/2026| Period | Gross | Net | Index |
|---|---|---|---|
| 3 Months | 0.44% | 0.40% | 0.32% |
| Year-To-Date | 0.76% | 0.69% | 0.28% |
Annualized Total Return (%)
As of 6/30/2026| Period | Gross | Net | Index |
|---|---|---|---|
| 1 Year | 3.25% | 3.10% | 2.71% |
| 3 Years | 3.60% | 3.45% | 3.17% |
| 5 Years | 0.30% | 0.16% | -0.42% |
| Since 3/1/2020 | 0.56% | 0.42% | -0.32% |
Period Performance (%)
As of 6/30/2026| Year | Gross | Net | Index |
|---|---|---|---|
| 2025 | 7.08% | 6.92% | 6.32% |
| 2024 | 0.80% | 0.65% | 0.58% |
| 2023 | 4.00% | 3.84% | 4.05% |
| 2022 | -10.89% | -11.00% | -12.46% |
| 2021 | -1.51% | -1.64% | -2.32% |
| 2020* | 4.37% | 4.26% | 2.70% |
Documents
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, Prepayment Risk and Extension Risk. Investing involves risk including possible loss of principal.
Commodity, interest and derivative trading involves substantial risk of loss.
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 $1 million managed by Loomis Sayles with investment guidelines prescribing investment in U.S. Treasury securities with maturities that range from one to thirty year maturities and has a benchmark of the Bloomberg U.S. Treasury Index. The Composite inception date is March 1, 2020. The Composite was created in March 2020.