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 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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