Institutional

¹ Strategy assets are comprised of Loomis Sayles Global Credit style accounts including Global Credit/Corporate in USD and Global Credit/Corporate GBP Hedged and other Global Credit investment styles.

The Global Credit/Corporate GBP Hedged Composite includes all discretionary accounts with market values greater than £15 million managed by Loomis Sayles with guidelines prescribing investment in foreign bonds as well as U.S. dollar denominated bonds, that are benchmarked against the Bloomberg Global Aggregate – Corporate or similar index, and with the following characteristics. The Composite's focus is on 'spread' product, and the predominant 'spread' product instruments being used are corporate bonds, securitized bonds or both. The accounts and the benchmarks associated with the Composite are all expressed and hedged to British Pound Sterling. Prior to July 1, 2016 the Composite minimum account size requirement was £5 million. The Composite inception date is February 1, 2007. The Composite was created in 2009.

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.