Long Duration Credit
Overview
Strategy Details
Available Vehicles
- Institutional Separate Account
Portfolio Managers
Neil Burke
Portfolio Manager
John Hyll
Portfolio Manager
About the Team
A comprehensive fixed income platform powered by seasoned investors and focused, benchmark aware investment strategies.
Investment Strategy
- Invests primarily in long duration US investment grade fixed income securities
- Fundamental research from Loomis Sayles credit research is a primary source for investment ideas and specific industry and security selection recommendations are developed by the Loomis Sayles investment grade sector team
- Quantitative risk analysis is applied to portfolio construction to help manage both market and specific portfolio risks, by seeking to diversify and minimize unintended risks
- Duration typically within +/- 2 years (typically within +/- 0.5 year) relative to the benchmark
- Allocations to non-US dollar and emerging markets debt securities may be allowed per client guidelines
- Investments in securities rated below BBB may be allowed per client guidelines
- Maximum industry allocation: 25% or the index weight plus 10% whichever is greater at the time of purchase
- Maximum issuer position: 3% or index weight plus 2% whichever is greater at the time of purchase (Treasurys and GSEs excluded)
Composite Performance
Cumulative Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 3 Months | 3.69% | 3.61% | 3.88% |
| Year-To-Date | 7.63% | 7.39% | 7.78% |
Annualized Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 1 Year | 1.00% | 0.70% | 1.03% |
| 3 Years | 6.92% | 6.61% | 7.18% |
| 5 Years | -1.88% | -2.13% | -1.96% |
| 10 Years | 3.68% | 3.43% | 3.29% |
| Since 4/1/2013 | 3.54% | 3.29% | 3.13% |
Period Performance (%)
As of 9/30/2025| Year | Gross | Net | Index |
|---|---|---|---|
| 2024 | -2.01% | -2.30% | -2.01% |
| 2023 | 10.44% | 10.12% | 10.73% |
| 2022 | -25.26% | -25.42% | -25.29% |
| 2021 | -0.74% | -0.96% | -1.18% |
| 2020 | 17.56% | 17.31% | 13.32% |
| 2019 | 22.52% | 22.25% | 23.36% |
| 2018 | -6.15% | -6.37% | -6.76% |
| 2017 | 11.81% | 11.55% | 12.21% |
| 2016 | 11.16% | 10.90% | 10.22% |
| 2015 | -5.10% | -5.33% | -4.56% |
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, Derivatives Risk, Leverage 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.
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 Composite includes all discretionary accounts with market values greater than $20 million managed by Loomis Sayles with investment guidelines that allow from 0 to 20% in high yield and non-USD denominated securities and seeks to provide diversified, actively managed exposure primarily to the long end of the US investment grade credit market. Prior to June 1, 2015 the Composite minimum account size requirement was $5 million. The Composite inception date is April 1, 2013. The Composite was created in 2014.