UAT Core Plus Fixed Income
The Core Plus Fixed Income strategy seeks to outperform the Bloomberg US Aggregate Bond Index while maintaining a benchmark-aware risk return objective
Primary Benchmark:
Bloomberg US Aggregate Index
Strategy Highlights
- Duration is managed in a narrow range to the benchmark
- May invest up to 20% of the portfolio in high yield securities at the time of purchase
- May invest up to 10% in non-US dollar denominated securities
- Allocations to emerging markets debt securities are allowed
- 5% issuer maximum or the benchmark weight plus 2% (whichever is greater at the time of purchase),Treasurys and GSEs excluded
- 25% industry maximum or the benchmark weight plus 10% (whichever is greater at the time of purchase)
The Composite includes all discretionary accounts with market values greater than $20 million managed by Loomis Sayles with investment guidelines which seek a maximum total return and allow a limited, yet discretionary, use of non-investment grade issues (greater than 10% up to a maximum of 25%). Investment in other non-benchmark sectors are also utilized, including non-USD denominated securities (typically ranging between 5% and 20%). As of 1/1/2021 the Composite was redefined to include commingled vehicles, previously only separate accounts were included. Prior to June 1, 2015 the Composite minimum account size requirement was $5 million. The Composite inception date is January 1, 1989. The Composite was created in 1993.
/US~UAT~Adobe/$FILE/get_adobe_reader.GIF)
Strategy Facts as of 12/31/2022
| Strategy Inception | 1/1/1986 |
| Strategy Assets | $25.4 billion |
| Composite Assets | $21.0 billion |
| Number of Composite Accounts | 30 |
Primary Benchmark:
Bloomberg US Aggregate Index
|
Quarter-End Performance as of 12/31/2022 | Cumulative | Gross | Net | Index |
|---|
| 3 month | 2.49% | 2.43% | 1.87% | | Year-to-date | -12.23% | -12.46% | -13.01% |
Trailing Performance as of 12/31/2022 | Average Annualized Return | Gross | Net | Index |
|---|
| 1 year | -12.23% | -12.46% | -13.01% | | 3 years | -1.00% | -1.26% | -2.71% | | 5 years | 1.20% | 0.93% | 0.02% | | 10 years | 2.23% | 1.97% | 1.06% | | Since Inception 1/1/1989 | 6.56% | 6.28% | 5.36% |
|
Period Performance | Year | Gross | Net | Index |
|---|
| 2022 | -12.23% | -12.46% | -13.01% | | 2021 | -0.85% | -1.10% | -1.54% | | 2020 | 11.49% | 11.19% | 7.51% | | 2019 | 9.66% | 9.36% | 8.72% | | 2018 | -0.25% | -0.52% | 0.01% | | 2017 | 5.62% | 5.33% | 3.54% | | 2016 | 7.29% | 6.99% | 2.65% | | 2015 | -2.82% | -3.08% | 0.55% | | 2014 | 6.91% | 6.66% | 5.97% | | 2013 | -0.18% | -0.39% | -2.02% |
|
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 | |
|---|
| @ERROR% | | Duration Distribution | |
|---|
| @ERROR% |
|
| Sector Distribution (Fixed) | |
|---|
| 0.0% | | Country Distribution | |
|---|
| @ERROR% | | Maturity Distribution | |
|---|
| @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 |
|---|
| @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% |
|
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%.