Global Debt Unconstrained in USD Overview Composite Performance Overview The Global Debt Unconstrained in USD Strategy seeks to identify undervalued securities and create diversified portfolios with high conviction global fixed income insights and favorable risk return parameters Primary BenchmarkBloomberg Global Aggregate IndexPortfolio Management David Rolley Portfolio Manager Read bio Lynda Schweitzer Co-Head of Global Fixed Income Read bio Scott Service Co-Head of Global Fixed Income Read bio Strategy Highlights Our investment philosophy combines intensive bottom-up credit research across major sectors of the bond market with top-down macroeconomic insights Our sovereign research universe is comprised of more than 100 countries, and portfolios are typically invested in 25 to 35 countries Typical portfolio – average number of issues: 150-250 Typically 1-2% max per investment grade non-gov’t/guaranteed/Agency issuer and 0.5-1.0% for below investment grade issuers (GSEs excluded) Strategy Facts as of 3/31/2025Strategy Inception7/1/1996Strategy Assets 1$15.5 billionComposite Assets$583.5 millionNumber of Composite Accounts3Fact Sheet Learn More about the Team Explore more about the team’s philosophy, offerings, and insights.Learn More KEY RISKS: Credit Risk, Issuer Risk, Interest Rate Risk, Liquidity Risk, Non-US Securities Risk, Currency Risk, Prepayment Risk and Extension Risk. Investing involves risk including possible loss of principal. The Composite includes all discretionary accounts with market values of at least $10 million managed by Loomis Sayles with guidelines prescribing investment in a concentrated, best ideas portfolio of foreign bonds as well as U.S. dollar denominated bonds with minimal targeted benchmark correlation, and with thefollowing characteristics. Composite accounts include both sovereign and corporate securities, as well as emerging market debt and below investment grade securities. Prior to June 1, 2024 the Composite minimum account size requirement was $20 million and prior to July 1, 2016, the minimum account size requirement was $5 million. The Composite inception date is July 1, 1996. The Composite was created in October 2011. Performance Primary Benchmark: Bloomberg Global Aggregate Index Quarter-End Performance as of 3/31/2025CumulativeGrossNetIndex3 month3.93%3.80%2.64% Year-to-date3.93%3.80%2.64%Trailing Performance as of 3/31/2025Annualized Total ReturnGrossNetIndex1 year3.80%3.28%3.05% 3 years-0.12%-0.58%-1.63% 5 years0.34%-0.07%-1.38% 10 years1.37%0.97%0.61% Since Inception 7/1/19966.08%5.48%3.43% Period PerformanceYearGrossNetIndex2024-2.25%-2.73%-1.69% 20238.45%7.91%5.72% 2022-14.61%-14.90%-16.25% 2021-5.69%-6.00%-4.71% 202013.17%12.80%9.20% 20195.62%5.26%6.84% 2018-2.36%-2.72%-1.20% 201710.04%9.62%7.39% 20164.55%4.14%2.09% 2015-5.55%-5.99%-3.15% 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. There is no guarantee that the investment objective will be realized or that the strategy will generate positive or excess return. Monthly Characteristics Monthly as of -1/-1/-1 Currency Distribution @ERROR% Duration Distribution @ERROR% Sector Distribution (Fixed) 0.0% Country Distribution @ERROR% Maturity Distribution @ERROR% Credit Quality @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 Characteristics Quarterly as of -1/-1/-1 Currency DistributionFundIndex @ERROR%0.0% Duration DistributionFundIndex @ERROR%@ERROR% Sector Distribution (Fixed)FundIndex 0.0%0.0% 0.0%0.0% Country DistributionFundIndex @ERROR%0.0% Maturity DistributionFundIndex @ERROR%@ERROR% Credit QualityFundIndex@ERROR%0.0% 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%. Holdings Top Ten Holdingsas of -1/-1/-1% Assets @ERROR% Top 10 holdings may not be representative of current or future holdings and will evolve over time. x < Page: / > Download PDF