Global Credit/Corporate GBP Hedged
The Global Credit/Corporate GBP Hedged strategy seeks to outperform the Bloomberg Barclays Global Aggregate Credit Hedged to GBP Index
Primary Benchmark:
Bloomberg Barclays Global Aggregate Credit Hedged to GBP Index
Strategy Highlights
Max. < BBB-: typically 20%
- Max. non-US dollar: 100%
- Max. position size per investment grade corporate issuers: typically 1%
- Max. position size for below investment grade issuers: typically 0.5%
- Duration typically within +/- 2 years relative to index
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 Barclays 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. The Composite was created in 2009.
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Primary Benchmark:
Bloomberg Barclays Global Aggregate Credit Hedged to GBP Index
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Month-End Performance as of 8/31/2020 | Cumulative | Gross | Net | Index |
|---|
| 3 month | 4.45% | 4.40% | 3.17% | | Year-to-date | 5.04% | 4.90% | 4.45% |
Quarter-End Performance as of 6/30/2020 | Cumulative | Gross | Net | Index |
|---|
| 3 month | 9.66% | 9.61% | 6.78% | | Year-to-date | 2.55% | 2.45% | 2.86% |
Trailing Performance as of 6/30/2020 | Average Annualized Return | Gross | Net | Index |
|---|
| 1 year | 5.60% | 5.38% | 5.50% | | 3 years | 4.38% | 4.16% | 4.05% | | 5 years | 4.83% | 4.61% | 4.06% | | 10 years | 5.24% | 5.04% | 4.52% | | Since Inception 2/1/2007 | 5.63% | 5.44% | 4.93% |
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Period Performance | Year | Gross | Net | Index |
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| 2019 | 11.20% | 10.97% | 9.97% | | 2018 | -2.57% | -2.77% | -2.13% | | 2017 | 5.50% | 5.27% | 4.22% | | 2016 | 8.26% | 8.02% | 5.33% | | 2015 | -0.61% | -0.81% | 0.21% | | 2014 | 7.64% | 7.46% | 7.80% | | 2013 | 0.29% | 0.13% | -0.26% | | 2012 | 12.83% | 12.64% | 10.51% | | 2011 | 4.65% | 4.47% | 5.28% | | 2010 | 9.30% | 9.13% | 6.93% |
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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%.