Asia Bond Plus Unhedged in USD
Overview
Strategy Details
Available Vehicles
- Institutional Separate Account
Portfolio Managers
Elisabeth Colleran, CFA
Co-Head of the Emerging Markets Debt Team, Portfolio Manager
Dilawer Farazi, ACA
Co-Head of the Emerging Markets Debt Team, Portfolio Manager
About the Team
Focused on issuer selection as the key to unlocking alpha across sovereign, corporate and local currency markets
Investment Strategy
- 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
- Typical portfolio: 50 to 100 issuers
- Allocation to high yield: generally greater than 65%
Composite Performance
Cumulative Total Return (%)
As of 12/31/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 3 Months | 1.11% | 0.95% | 1.59% |
| Year-To-Date | 11.29% | 10.57% | 10.79% |
Annualized Total Return (%)
As of 12/31/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 1 Year | 11.29% | 10.57% | 10.79% |
| 3 Years | 8.65% | 7.96% | 10.16% |
| 5 Years | -1.01% | -1.64% | 0.19% |
| Since 12/1/2018 | 2.16% | 1.52% | 2.75% |
Period Performance (%)
As of 12/31/2025| Year | Gross | Net | Index |
|---|---|---|---|
| 2025 | 11.29% | 10.57% | 10.79% |
| 2024 | 15.13% | 14.40% | 15.18% |
| 2023 | 0.11% | -0.53% | 4.76% |
| 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% |
Documents
Important Disclosure
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.
Commodity interest and derivative trading involves substantial risk of loss.
Diversification does not ensure a profit or guarantee against a loss.
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 managed by Loomis Sayles with market values at least $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 as it seeks 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 January 2019.