The Core Plus Fixed Income strategy seeks to outperform the Bloomberg US Aggregate Bond Index while maintaining a benchmark-aware risk return objective
Primary Benchmark:
Bloomberg US Aggregate Index
Strategy Highlights
- Duration is managed in a narrow range to the benchmark
- May invest up to 20% of the portfolio in high yield securities at the time of purchase
- May invest up to 10% in non-US dollar denominated securities
- Allocations to emerging markets debt securities are allowed
- 5% issuer maximum or the benchmark weight plus 2% (whichever is greater at the time of purchase),Treasurys and GSEs excluded
- 25% industry maximum or the benchmark weight plus 10% (whichever is greater at the time of purchase)
The Core Plus Fixed Income Composite includes all discretionary accounts with market values greater than $20 million managed by Loomis Sayles with investment guidelines which seek a maximum total return and allow a limited, yet discretionary, use of non-investment grade issues (greater than 10% up to a maximum of 25%). Investment in other non-benchmark sectors are also utilized, including non-USD denominated securities (typically ranging between 5% and 20%). As of 1/1/2021 the Composite was redefined to include commingled vehicles, previously only separate accounts were included. Prior to June 1, 2015 the Composite minimum account size requirement was $5 million. The Composite inception date is January 1, 1989. The Composite was created in 1993.
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