The Core Securitized strategy seeks high level of current income consistent with capital preservation through diversified exposure to Agency MBS, CMBS and ABS
Primary Benchmark:
Bloomberg US Securitized Bond Index
Strategy Highlights
- Benchmark aware; combines top-down strategies with bottom-up security selection
- Primarily invests in securitized assets, such as mortgage and other asset-backed securities
- May only buy securities rated investment grade by at least one of the three major rating agencies (Moody’s, Fitch, S&P) at the time of purchase
- No limit to out-of-benchmark allocations
Effective 6/30/2020 the Composite formerly known as Investment Grade Securitized changed its name. The Composite includes all discretionary accounts with market values greater than $25 million managed by Loomis Sayles with guidelines that allow for investing in securities that must be rated investment grade at time of purchase and with 80% of the portfolio typically invested in securitized assets, such as mortgage- and other asset-backed securities. The Composite seeks a high level of current income consistent with capital preservation through diversified exposure to Agency MBS, CMBS and ABS. The Composite inception date is May 1, 2006. The Composite was created in 2007.
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