US High Yield
The US High Yield strategy seeks to outperform the Bloomberg US Corporate High Yield 2% Issuer Capped Index through a diversified and actively managed exposure to the US High Yield credit market
Primary Benchmark:
Bloomberg US Corporate High Yield 2% Issuer Capped Index
Portfolio Construction
- Duration: (+/-) 2 years relative to index
- Maximum industry exposure: 25%
- Maximum issuer exposure: 3%
- Maximum high yield: 100%
- Maximum investment grade corporate: 10%
- At the time of purchase, minimum portfolio average quality must be B-
The US High Yield Composite includes all discretionary accounts with market values greater than $5 million managed by Loomis Sayles with investment guidelines that allow for a diversified, actively managed exposure to the US High Yield credit market which emphasizes a disciplined portfolio construction and risk assessment process in fixed income and related investments of any maturity and credit quality, including lower-rated fixed income investments, derivatives, and bonds with equity like features. As of 1/1/2021 the Composite was redefined to include commingled vehicles, previously only separate accounts were included. The Composite inception date is October 1, 2009. The Composite was created in 2010.
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Primary Benchmark:
Bloomberg US Corporate High Yield 2% Issuer Capped Index
| Quarter-End Performance as of 3/31/2022 | Cumulative | Gross | Net | Index |
|---|
| 3 month | -4.29% | -4.40% | -4.82% | | Year-to-date | -4.29% | -4.40% | -4.82% |
Trailing Performance as of 3/31/2022 | Average Annualized Return | Gross | Net | Index |
|---|
| 1 year | -0.72% | -1.15% | -0.66% | | 3 years | 4.39% | 3.93% | 4.56% | | 5 years | 4.54% | 4.07% | 4.68% | | 10 years | 6.11% | 5.61% | 5.74% | | Since Inception 10/1/2009 | 7.39% | 6.88% | 7.10% |
| Period Performance | Year | Gross | Net | Index |
|---|
| 2021 | 4.22% | 3.76% | 5.26% | | 2020 | 8.51% | 8.03% | 7.05% | | 2019 | 12.60% | 12.09% | 14.32% | | 2018 | -2.93% | -3.37% | -2.08% | | 2017 | 8.03% | 7.56% | 7.50% | | 2016 | 16.29% | 15.72% | 17.13% | | 2015 | -1.77% | -2.26% | -4.43% | | 2014 | 3.38% | 2.86% | 2.46% | | 2013 | 9.05% | 8.51% | 7.44% | | 2012 | 16.85% | 16.27% | 15.78% |
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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% | | | 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 |
|---|
| @ERROR% | 0.0% | | Duration Distribution | Fund | Index |
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| @ERROR% | @ERROR% | | | Sector Distribution (Fixed) | Fund | Index |
|---|
| 0.0% | 0.0% | | 0.0% | 0.0% | | Country Distribution | Fund | Index |
|---|
| @ERROR% | 0.0% | | Maturity Distribution | Fund | Index |
|---|
| @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%.