Investment Grade CLO
Overview
Strategy Details
Available Vehicles
- Institutional Separate Account
Portfolio Managers
Michael Herald
Portfolio Manager, CLO Strategist
Steve LaPlante, CFA
Portfolio Manager & Securitized Strategist
About the Team
Diversified alpha through global asset-based investing.
Investment Strategy
- The strategy seeks to outperform the JP Morgan Collateralized Loan Obligation Investment Grade Index
- Invests in US Broadly Syndicated and Middle Market CLOs. Has ability to invest up to 15% in Agency MBS and Treasurys to be used as reserves or defensive purposes
- Minimum average credit quality of the fund will be BBB- or higher at time of purchase
- Duration will not exceed 1 year
Composite Performance
Cumulative Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 3 Months | 1.67% | 1.55% | 1.51% |
| Year-To-Date | 4.65% | 4.28% | 4.36% |
Annualized Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 1 Year | 6.55% | 6.05% | 6.15% |
| 3 Years | 9.82% | 9.31% | 8.32% |
| Since 5/1/2022 | 7.25% | 6.75% | 6.63% |
Period Performance (%)
As of 9/30/2025| Year | Gross | Net | Index |
|---|---|---|---|
| 2024 | 8.48% | 7.98% | 7.74% |
| 2023 | 11.74% | 11.22% | 9.87% |
| 2022 | 0.13% | -0.18% | 0.81% |
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 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, 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.
Investment vehicles may not be available to all investors and are subject to eligibility.
The Composite includes all discretionary accounts with market values of at least $25 million managed by Loomis Sayles, with a credit focused strategy and guidelines that allow for investment grade average credit risk profile with the following additional considerations. The Composite seeks a high level of current income and total return through diversified exposure to a diversified portfolio of Collateralized Loan Obligations (“CLOs”). The Composite inception date is May 1, 2022. The Composite was created in September 2022