Emerging Markets Corporate Debt
The Emerging Markets Corporate Debt strategy seeks to outperform the JP Morgan Corporate Emerging Markets Bond Index (CEMBI) Broad Diversified
Primary Benchmark:
JP Morgan Corporate Emerging Markets Bond Index (CEMBI) Broad Diversified
Strategy Highlights
- Value-oriented portfolio investing primarily in hard currency emerging markets fixed income securities of corporations and quasi-sovereigns
- Focused on US dollar-denominated securities but may make small opportunistic allocations to local market currencies
- Effective duration: typically +/- 2 years relative to the Index
- Allocation to high yield: generally greater than 40%
- Typical portfolio: 100 to 150 issuers
The Emerging Markets Corporate Debt Composite includes all discretionary accounts managed by Loomis Sayles with market values greater than $20 million and primarily invests in hard currency debt of corporate, sovereign, and quasi-sovereign entities located in emerging market economies and that are benchmarked to hard currency emerging market indices. Loomis Sayles’s security level research, allocation to non-index sectors, and significant tactical country, sector and currency allocation are primary alpha sources for this product. Prior to January 1, 2018 the Composite minimum account size requirement was $5 million. The Composite inception date is July 1, 2006. The Composite was created in 2006.
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Primary Benchmark:
JP Morgan Corporate Emerging Markets Bond Index (CEMBI) Broad Diversified
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Quarter-End Performance as of 3/31/2022 | Cumulative | Gross | Net | Index |
|---|
| 3 month | -6.94% | -7.08% | -8.82% | | Year-to-date | -6.94% | -7.08% | -8.82% |
Trailing Performance as of 3/31/2022 | Average Annualized Return | Gross | Net | Index |
|---|
| 1 year | -6.35% | -6.88% | -7.25% | | 3 years | 2.53% | 1.95% | 1.97% | | 5 years | 3.52% | 2.92% | 2.83% | | 10 years | 4.24% | 3.71% | 4.16% | | Since Inception 7/1/2006 | 6.59% | 6.09% | 5.47% |
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Period Performance | Year | Gross | Net | Index |
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| 2021 | -0.56% | -1.11% | 0.91% | | 2020 | 7.74% | 7.12% | 7.13% | | 2019 | 14.48% | 13.82% | 13.09% | | 2018 | -1.62% | -2.21% | -1.65% | | 2017 | 8.99% | 8.33% | 7.96% | | 2016 | 10.23% | 9.56% | 9.65% | | 2015 | -1.15% | -1.66% | 1.30% | | 2014 | 6.20% | 5.94% | 4.96% | | 2013 | -2.44% | -2.83% | -0.60% | | 2012 | 16.57% | 16.11% | 15.01% |
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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 |
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| @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%.