Emerging Markets Debt Local Currency
The Emerging Markets Debt Local Currency strategy seeks to outperform the JP Morgan Government Bond Index - Emerging Markets Global Diversified
Primary Benchmark:
JP Morgan Global Bond Index-Emerging Market Global Diversified
Strategy Highlights
- Value-oriented portfolio investing primarily in local currency debt of sovereign and quasi-sovereign entities located in emerging market economies
- May opportunistically hold local currency corporates as well as hard currency securities
- Effective duration: typically +/- 2 years relative to the Index
- Typical average quality: BBB
- Allocation to high yield: typically less than 40%
- Typical portfolio: 60-120 issues
The Emerging Markets Debt Local Currency Composite includes all discretionary accounts managed by Loomis Sayles with market values greater than $20 million with guidelines prescribing investment in local currency debt of sovereign, quasi-sovereign and corporate entities located in emerging market economies and that are benchmarked to a local currency emerging market index. Loomis Sayles’s security level research, allocation to non-index sectors, and significant tactical country, sector and currency allocation are primary alpha sources for this product. Prior to January 1, 2018 the Composite minimum account size requirement was $5 million. The Composite inception date is November 1, 2006. The Composite was created in 2007.
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Strategy Facts as of 12/31/2022
| Strategy Inception | 9/26/2006 |
| Strategy Assets | $694.2 million |
| Composite Assets | $42.7 million |
| Number of Composite Accounts | 1 |
Primary Benchmark:
JP Morgan Global Bond Index-Emerging Market Global Diversified
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Quarter-End Performance as of 12/31/2022 | Cumulative | Gross | Net | Index |
|---|
| 3 month | 8.18% | 8.02% | 8.45% | | Year-to-date | -7.59% | -8.16% | -11.69% |
Trailing Performance as of 12/31/2022 | Average Annualized Return | Gross | Net | Index |
|---|
| 1 year | -7.59% | -8.16% | -11.69% | | 3 years | -4.67% | -5.25% | -6.11% | | 5 years | -1.91% | -2.50% | -2.51% | | 10 years | -1.48% | -1.96% | -2.03% | | Since Inception 11/1/2006 | 2.41% | 1.94% | 2.32% |
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Period Performance | Year | Gross | Net | Index |
|---|
| 2022 | -7.59% | -8.16% | -11.69% | | 2021 | -9.11% | -9.69% | -8.75% | | 2020 | 3.15% | 2.55% | 2.69% | | 2019 | 13.95% | 13.26% | 13.47% | | 2018 | -7.99% | -8.53% | -6.21% | | 2017 | 17.10% | 16.45% | 15.21% | | 2016 | 10.21% | 9.53% | 9.94% | | 2015 | -14.77% | -15.13% | -14.92% | | 2014 | -5.22% | -5.37% | -5.72% | | 2013 | -8.97% | -9.14% | -8.98% |
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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%.