Core Securitized
Overview
Strategy Details
Available Vehicles
- Institutional Separate Account
Portfolio Managers
Alessandro Pagani, CFA
Portfolio Manager, Head of Mortgage and Structured Finance Team
Ian Anderson
Portfolio Manager, Agency MBS Strategist
Barath Sankaran, CFA
Portfolio Manager
Jennifer Thomas
Portfolio Manager
Steve LaPlante, CFA
Portfolio Manager & Securitized Strategist
About the Team
Diversified alpha through global asset-based investing.
Investment Strategy
- 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
Composite Performance
Cumulative Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 3 Months | 2.33% | 2.25% | 2.38% |
| Year-To-Date | 7.03% | 6.76% | 6.70% |
Annualized Total Return (%)
As of 9/30/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 1 Year | 4.86% | 4.51% | 3.48% |
| 3 Years | 6.26% | 5.91% | 5.10% |
| 5 Years | 1.24% | 0.94% | -0.05% |
| 10 Years | 2.50% | 2.21% | 1.49% |
| Since 5/1/2006 | 4.46% | 4.18% | 3.12% |
Period Performance (%)
As of 9/30/2025| Year | Gross | Net | Index |
|---|---|---|---|
| 2024 | 3.86% | 3.51% | 1.46% |
| 2023 | 6.85% | 6.49% | 5.08% |
| 2022 | -11.67% | -11.90% | -11.67% |
| 2021 | 0.61% | 0.35% | -1.04% |
| 2020 | 4.56% | 4.29% | 4.18% |
| 2019 | 6.71% | 6.44% | 6.44% |
| 2018 | 2.47% | 2.21% | 0.99% |
| 2017 | 3.41% | 3.15% | 2.51% |
| 2016 | 3.07% | 2.80% | 1.78% |
| 2015 | 1.97% | 1.71% | 1.47% |
Documents
Important Disclosures
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, Derivatives Risk, Leverage Risk, Counterparty Risk, Non-US Securities Risk, Prepayment Risk, Extension Risk and Management Risk. Investing involves risk including possible loss of principal.
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 with market values of at least $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 August 2007.