Global World Bond in USD (High Yield Eligible)
The Global World Bond in USD (High Yield Eligible) strategy seeks to outperform the FTSE World Government Bond Index
Primary Benchmark:
FTSE World Government Bond Index
Strategy Highlights
- Max. <BBB-: typically 20%
- Emerging market debt: typically 5-25%
- Max. non-US dollar: 100%
- Max. position size per investment grade corporate issuers: typically 1-1.5%
- 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 Bond style accounts including Global Aggregate Bond, Global World Bond, and Global Debt Unconstrained and other Global Bond investment styles.
The Composite includes all discretionary accounts with market values greater than $20 million managed by Loomis Sayles with guidelines prescribing investment in investment grade and high yield foreign bonds as well as U.S. dollar denominated bonds, that are benchmarked against the Citigroup WGBI or similar index. The out of benchmark high yield allocation is typically below 20%. The accounts and the benchmarks associated with the Composite are all unhedged and expressed in U.S. Dollars. Prior to July 1, 2016 the Composite minimum account size requirement was $5 million. The Composite inception date is January 1, 1998. The composite was created in 2015.
/US~Production~Adobe/$FILE/get_adobe_reader.GIF)
Strategy Facts as of 12/31/2022
| Strategy Inception | 12/31/1986 |
| Strategy Assets 1 | $15.3 billion |
| Composite Assets | $461.9 million |
| Number of Composite Accounts | 3 |
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Primary Benchmark:
FTSE World Government Bond Index
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Quarter-End Performance as of 12/31/2022 | Cumulative | Gross | Net | Index |
|---|
| 3 month | 4.89% | 4.82% | 3.82% | | Year-to-date | -18.30% | -18.54% | -18.26% |
Trailing Performance as of 12/31/2022 | Average Annualized Return | Gross | Net | Index |
|---|
| 1 year | -18.30% | -18.54% | -18.26% | | 3 years | -4.54% | -4.80% | -5.75% | | 5 years | -1.71% | -1.97% | -2.54% | | 10 years | -0.43% | -0.69% | -1.22% | | Since Inception 1/1/1998 | 4.37% | 4.09% | 3.03% |
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Period Performance | Year | Gross | Net | Index |
|---|
| 2022 | -18.30% | -18.54% | -18.26% | | 2021 | -6.64% | -6.90% | -6.97% | | 2020 | 14.07% | 13.76% | 10.11% | | 2019 | 7.81% | 7.52% | 5.90% | | 2018 | -2.17% | -2.42% | -0.84% | | 2017 | 9.97% | 9.69% | 7.49% | | 2016 | 3.52% | 3.23% | 1.60% | | 2015 | -4.37% | -4.64% | -3.57% | | 2014 | -0.51% | -0.73% | -0.48% | | 2013 | -3.61% | -3.83% | -4.00% |
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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 |
|---|
| @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%.