Disciplined Alpha
A consistent and repeatable approach to relative value investing with disciplined risk management. Excess returns are driven primarily by bottom-up security selection.
$26.7B
Assets under management
16
Investment professionals
Numbers as of 12/31/2025
An intense focus on relative value investing is at the heart of our investment philosophy.
We strive to gain an edge through rigorous research and superior use of market information, seeking to add value for clients through thoughtful security selection and dynamic portfolio rotation toward the most compelling opportunities available.
Risk management is essential to our process. Security selection decisions are made using the team’s risk-adjusted framework concept of portfolio impact (PI).
Our Approach
The team’s investment process is designed to consistently deliver alpha versus the benchmark through rigorous research, a focus on relative value across bonds and sectors, and a disciplined approach to risk management. The team applies this framework primarily to high-grade bonds, constructing portfolios where alpha is expected to come from security selection rather than from duration, yield curve, or sector bets.
Structured & Repeatable Process
A hallmark of the strategy is its disciplined and repeatable process, supported by robust risk management tools that help ensure portfolios remain aligned with predefined risk parameters. This integration of process and oversight enables the team to maintain consistency and transparency in portfolio construction while adapting dynamically to changing market conditions.
Sector-Specialist Structure
The sector-specialist structure of the team is another key differentiator. Specialists dedicated to credit, structured products, and mortgage-backed securities leverage the extensive research capabilities of the Loomis Sayles credit and securitized sector teams. This collaboration provides deep insight into issuer fundamentals and market dynamics, forming the foundation for informed, high-conviction investment decisions.
The Disciplined Alpha Risk Tool (DART)
DART is a proprietary, fully integrated risk management system that provides us with real-time visibility into portfolio exposures. By enhancing transparency and efficiency across the trading process, DART enables us to precisely target, monitor, and manage risk at every level of the portfolio. Its highly customized reporting functionality further supports informed decision-making and refined portfolio construction—making DART a key differentiator in our disciplined investment approach.
Our Process
An intense focus on relative value investing is at the heart of our investment philosophy.
Integrated Risk Management
Disciplined risk management limits interest rate and sector risk
Distributed Decision Making
A senior team of portfolio managers and dedicated traders can react quickly to market opportunities
Security Selection
Excess returns are driven by bottom-up selection, informed by rigorous credit research
Portfolio Impact (PI)
A risk-adjusted measure used for position sizing and sector risk.
DART
Proprietary, real-time, PI-based risk management system enables efficient portfolio management
5 Strategies
| Strategy Name | Type | AUM | Inception Date |
|---|---|---|---|
| Core Disciplined Alpha | Fixed | $17.2 billion | 7/28/2010 |
| Corporate Disciplined Alpha | Fixed | $2.6 billion | 5/31/2013 |
| Intermediate Credit Disciplined Alpha | Fixed | $363.4 million | 10/1/2022 |
| Long Corporate Disciplined Alpha | Fixed | $2.7 billion | 6/30/2013 |
| Long Credit Disciplined Alpha | Fixed | $2.4 billion | 5/15/2017 |
Meet the Team
Recent Thought Leadership
An LDI Playbook for 2026
Many corporate pension plan sponsors likely view 2025 as a strong year for the continued health of their plans.
2026 Outlook for Private Credit: Q&A
In the private credit sector, investment opportunities will likely be influenced by AI- and technology-related capital spending, an increase in mergers and[…]
Global Fixed Income Team Views & Outlook
Monthly market outlooks from the Loomis Sayles Global Fixed Income Team offers strategy & perspectives on the market's movements.
Contact the Disciplined Alpha Team
Reach out—we are ready to discuss how we can create tailored solutions for you. We look forward to hearing from you.
Jonathan Kimbro, CAIA
Investment Director
Important Disclosure
This marketing communication is provided for informational purposes only and should not be construed as investment advice. Investment decisions should consider the individual circumstances of the particular investor. Any opinions or forecasts contained herein, reflect the subjective judgments and assumptions of the authors only, and do not necessarily reflect the views of Loomis, Sayles & Company, L.P. Investment recommendations may be inconsistent with these opinions. There is no assurance that developments will transpire as forecasted and actual results will be different. Information, including that obtained from outside sources, is believed to be correct, but we cannot guarantee its accuracy. This information is subject to change at any time without notice.
Key Risks: Credit Risk, Interest Rate Risk, Inflation Risk, Liquidity Risk.
Investing involves risk including possible loss of principal.
Any investment that has the possibility for profits also has the possibility of losses, including the loss of principal.
Diversification does not ensure a profit or guarantee against a loss.
Market conditions are extremely fluid and change frequently.
Past performance is no guarantee of future results.