Intermediate Duration Fixed Income Managed Account
The Intermediate Duration Fixed Income Managed Account strategy seeks to outperform the Bloomberg US Intermediate Government/Credit Bond Index while maintaining a benchmark-aware risk return objective
Cliff Rowe, CFA
Dan Conklin, CFA
Bloomberg US Intermediate Government/Credit Bond Index
Strategy Inception: 7/1/2019
Composite Inception: 9/1/2019
- Top-down macro-analysis combined with bottom-up security selection drive portfolio construction
- Duration bands: +/- 1 year (typically +/- 0.25 year) relative to the index
- Typical portfolio: approximately 50 to 70 issuers, 70 to 90 issues
- All investments must be US dollar denominated
- Issuer maximum of 3% or benchmark weight weight plus 2% (whichever is greater at the time of purchase), Treasurys and GSEs excluded
- Industry maximum of 25% or the benchmark weight plus 10% (whichever is greater at the time of purchase)
- Investment universe typically includes US Treasurys, agencies, investment grade corporate bonds, Yankee bonds
The Composite includes all discretionary Managed Accounts with market values greater than $100,000 managed by Loomis Sayles with investment guidelines prescribing investment in liquid U.S. dollar denominated bonds that do not allow high yield and has a benchmark of the Bloomberg U.S. Intermediate Government/Credit Index. Proprietary quantitative models are employed in portfolio construction and risk assessment. Loomis Sayles’s security level research and tactical sector allocation are primary alpha sources for this product. Yield curve and duration management are additional tools utilized by the portfolio management team. The Composite inception date is September 1, 2019. The Composite was created in 2019.
Year-to-Date Performance as of 3/24/2023
Month-End Performance as of -1/-1/-1
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Lipper Ranking as of -1/-1/-1
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Morningstar Ranking as of -1/-1/-1
Lipper and Morningstar rankings are based on total returns calculated by each ranking entity. Rankings do not take into account sales charges, if applicable, but include reinvestment of dividends and capital gains, if any.
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Performance data shown represents past performance and is no guarantee of, and not necessarily indicative of, future results. Total return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. Returns include changes in share price and reinvestment of dividends and capital gains, if any.
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