Asia Bond Plus Unhedged in USD
The Asia Bond Plus Unhedged in USD strategy seeks to outperform the JP Morgan Asia Credit Index (JACI) Non-Investment Grade Unhedged in USD
Primary Benchmark:
JP Morgan Asia Credit Index (JACI) Non-Investment Grade Unhedged in USD
Strategy Highlights
- Invests primarily in U.S.-dollar-denominated emerging Asian corporate and government high yield bonds; seeks to capitalize on strong macro fundamentals, attractive market dynamics, and a growing opportunity set of issuers in the region
- “Plus” may invest in issuers from emerging European, Middle Eastern and African countries to invest in long term structural growth beyond Asia and provide diversification to the highly concentrated Asia High Yield universe
- Seeks to add value through deep fundamental issuer research combined with top down macro analysis
- Actively managed by the Asia Credit investment team located in Singapore and Boston with key support from Loomis Sayles' extensive macroeconomic and credit research teams
The Asia Bond Plus Unhedged in USD Composite includes all discretionary accounts managed by Loomis Sayles with market values greater than $20 million and primarily invests in below investment grade hard currency debt of corporate, sovereign, and quasi-sovereign entities located in Asian emerging market economies. The Composite may also invest in issuers from emerging European, Middle Eastern and African countries to further capitalize on the Asia growth story and provide diversification to the highly concentrated Asia High Yield universe. The accounts included are benchmarked against the JP Morgan Asia Credit Index (JACI) Non-Investment Grade Unhedged in USD. The Composite inception date is December 1, 2018. The Composite was created in 2019.
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Strategy Facts as of 12/31/2022
| Strategy Inception | 12/1/2018 |
| Strategy Assets | $32.6 million |
| Composite Assets | $32.6 million |
| Number of Composite Accounts | 1 |
Primary Benchmark:
JP Morgan Asia Credit Index (JACI) Non-Investment Grade Unhedged in USD
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Quarter-End Performance as of 12/31/2022 | Cumulative | Gross | Net | Index |
|---|
| 3 month | 12.73% | 12.55% | 11.25% | | Year-to-date | -17.84% | -18.35% | -15.09% |
Trailing Performance as of 12/31/2022 | Average Annualized Return | Gross | Net | Index |
|---|
| 1 year | -17.84% | -18.35% | -15.09% | | 3 years | -7.55% | -8.11% | -7.45% | | Since Inception 12/1/2018 | -2.36% | -2.95% | -2.38% |
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Period Performance | Year | Gross | Net | Index |
|---|
| 2022 | -17.84% | -18.35% | -15.09% | | 2021 | -9.82% | -10.37% | -11.05% | | 2020 | 6.66% | 6.02% | 4.94% | | 2019 | 14.15% | 13.47% | 12.76% | | 2018* | 0.55% | 0.50% | 1.42% |
* Since Inception 12/1/2018 |
Performance data shown represents past performance and is no guarantee of, and not necessarily indicative 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.
Monthly as of -1/-1/-1
| Currency Distribution | |
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| @ERROR% | | Duration Distribution | |
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| @ERROR% |
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| Sector Distribution (Fixed) | |
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| 0.0% | | Country Distribution | |
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| @ERROR% | | Maturity Distribution | |
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| @ERROR% | |
Portfolio composition statistics are from the adviser’s internal system and may not match the fund’s regulatory documents.
Credit Quality reflects the highest credit rating assigned to individual holdings of the fund among Moody’s, S&P or Fitch; ratings are subject to change. The fund’s shares are not rated by any rating agency and no credit rating for fund shares is implied. Bond credit ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest).
Cash & Equivalents reflects unsettled trades, fees and derivatives. Negative Cash & Equivalents reflect the market value of future trade commitments for the fund. ABS/RMBS: Asset-Backed Securities/Residential Mortgage-Backed Securities. Agency MBS: Agency Mortgage-Backed Securities. CMBS: Commercial Mortgage-Backed Securities.
Due to rounding, Sector, Currency, Country, Duration, Maturity and Quality distribution totals may not equal 100%.
Quarterly as of -1/-1/-1
| Currency Distribution | Fund | Index |
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| @ERROR% | 0.0% | | Duration Distribution | Fund | Index |
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| @ERROR% | @ERROR% |
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| Sector Distribution (Fixed) | Fund | Index |
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| 0.0% | 0.0% | | 0.0% | 0.0% | | Country Distribution | Fund | Index |
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| @ERROR% | 0.0% | | Maturity Distribution | Fund | Index |
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| @ERROR% | @ERROR% | | Credit Quality | Fund | Index |
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| @ERROR% | 0.0% |
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Portfolio composition statistics are from the adviser’s internal system and may not match the fund’s regulatory documents.
Credit Quality reflects the highest credit rating assigned to individual holdings of the fund among Moody’s, S&P or Fitch; ratings are subject to change. The fund’s shares are not rated by any rating agency and no credit rating for fund shares is implied. Bond credit ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest).
Cash & Equivalents reflects unsettled trades, fees and derivatives. Negative Cash & Equivalents reflect the market value of future trade commitments for the fund. ABS/RMBS: Asset-Backed Securities/Residential Mortgage-Backed Securities. Agency MBS: Agency Mortgage-Backed Securities. CMBS: Commercial Mortgage-Backed Securities.
Due to rounding, Sector, Currency, Country, Duration, Maturity and Quality distribution totals may not equal 100%.