Strategic Alpha
Overview
Strategy Details
Available Vehicles
- Institutional Separate Account
- Mutual Fund
- 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
Brian Kennedy
Portfolio Manager
Associate Portfolio Managers3
Scott Darci, CFA
Portfolio Manager, Associate Portfolio Manager, Convertibles & Equity Strategist
Bryan Hazelton, CFA
Portfolio Manager, Associate Portfolio Manager, Investment Grade Corporate Strategist
About the Team
High-conviction, active credit investors focused on results.
Investment Strategy
- High conviction, active credit manager
- Benchmark unconstrained, multisector fixed income strategy that seeks to provide a favorable absolute total return with a low correlation to traditional fixed income
- Flexible investment framework with the capability to invest across global fixed income markets while seeking to provide consistent investment results throughout market cycles
- Keen focus on risk and drawdown consistent with capital preservation
- Duration: -2 to +5 years
- Maximum/Minimum net exposure:
- Below investment grade: +/- 50%
- Non-US dollar currency: +/- 50%
- Emerging markets currency: +/- 20%
Composite Performance
Cumulative Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 3 Months | 2.55% | 2.43% | 1.08% |
| Year-To-Date | 7.49% | 7.12% | 3.17% |
Annualized Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 1 Year | 8.24% | 7.73% | 4.38% |
| 3 Years | 9.19% | 8.69% | 4.77% |
| 5 Years | 4.66% | 4.20% | 2.98% |
| 10 Years | 4.60% | 4.16% | 2.08% |
| Since 5/1/2011 | 3.88% | 3.45% | 1.46% |
Period Performance (%)
As of 9/30/2025| Year | Gross | Net | Index |
|---|---|---|---|
| 2024 | 8.58% | 8.08% | 5.25% |
| 2023 | 8.93% | 8.42% | 5.01% |
| 2022 | -7.44% | -7.82% | 1.46% |
| 2021 | 1.76% | 1.35% | 0.05% |
| 2020 | 12.27% | 11.82% | 0.67% |
| 2019 | 4.87% | 4.44% | 2.28% |
| 2018 | 1.10% | 0.69% | 1.87% |
| 2017 | 3.86% | 3.44% | 0.86% |
| 2016 | 6.65% | 6.22% | 0.33% |
| 2015 | -0.52% | -0.92% | 0.05% |
Documents
3Associate Portfolio Managers do not have discretion over the strategy.
Important Disclosures
The Composite includes all discretionary accounts with market values greater than $25 million, managed by Loomis Sayles with guidelines that allow it to invest long and short, and employ up to a maximum of 100% gross on a notional basis, primarily in the corporate, sovereign, asset-backed, currency and interest rate markets and employs the use of derivatives that may include interest rate futures and swaps, credit default swaps, commodity futures, options, and currency futures and forwards. Potential primary alpha sources are expected to fall in the credit, interest rate and currency categories. As of 1/1/2021 the Composite was redefined to include commingled vehicles, previously only separate accounts were included. The Composite inception date is May 1, 2011. The Composite was created in 2011.
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.
There is no guarantee that the investment objective will be realized or that the strategy will generate positive or excess return.