UAT Emerging Markets Corporate Debt Overview Composite Performance Overview The Emerging Markets Corporate Debt strategy seeks to outperform the JP Morgan Corporate Emerging Markets Bond Index (CEMBI) Broad Diversified Primary BenchmarkJP Morgan Corporate Emerging Markets Bond Index (CEMBI) Broad DiversifiedPortfolio Management Elisabeth Colleran Portfolio Manager, Emerging Markets Debt Read bio Eddy Sternberg Portfolio Manager Read bio 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 Strategy Facts as of 3/31/2025Strategy Inception5/10/2006Strategy Assets$2.9 billionComposite Assets$405.3 millionNumber of Composite Accounts3Fact Sheet Additional ContentThree Considerations for Insurers Weighing an EM Corporate Debt Allocation Meaningful Distinctions: Emerging Market Corporate Bonds versus Emerging Market Sovereigns Five Perspectives on Emerging Market US Dollar Corporate Debt Asia High Yield Outlook Asia High Yield Credit: A Distinctive Emerging Markets Story Learn more about the team Explore more about the team’s philosophy, offerings, and insights.Learn More Key Risks: Credit Risk, Issuer Risk, Interest Rate Risk, Liquidity Risk, Non-US Securities Risk, Currency Risk, Prepayment Risk and Extension Risk. Investing involves risk including possible loss of principal. Commodity interest and derivative trading involves substantial risk of loss. The Composite includes all discretionary accounts managed by Loomis Sayles with market values of at least $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 September 2006. . Performance Primary BenchmarkJP Morgan Corporate Emerging Markets Bond Index (CEMBI) Broad Diversified Quarter-End Performance as of 3/31/2025CumulativeGrossNetIndex3 month2.67%2.51%2.42% Year-to-date2.67%2.51%2.42%Trailing Performance as of 3/31/2025Annualized Total ReturnGrossNetIndex1 year8.54%7.85%7.74% 3 years4.20%3.55%4.98% 5 years5.70%5.07%4.89% 10 years4.05%3.43%4.04% Since Inception 7/1/20066.20%5.68%5.39% Period PerformanceYearGrossNetIndex20248.09%7.39%7.63% 20238.12%7.42%9.08% 2022-12.25%-12.76%-12.26% 2021-0.56%-1.11%0.91% 20207.74%7.12%7.13% 201914.48%13.82%13.09% 2018-1.62%-2.21%-1.65% 20178.99%8.33%7.96% 201610.23%9.56%9.65% 2015-1.15%-1.66%1.30% Performance data shown represents past performance and is no guarantee 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 Characteristics Monthly as of -1/-1/-1 Currency Distribution @ERROR% Duration Distribution @ERROR% Sector Distribution (Fixed) 0.0% Country Distribution @ERROR% Maturity Distribution @ERROR% Credit Quality @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 Characteristics Quarterly as of -1/-1/-1 Currency DistributionFundIndex @ERROR%0.0% Duration DistributionFundIndex@ERROR%@ERROR% Sector Distribution (Fixed)FundIndex0.0%0.0% 0.0%0.0% Country DistributionFundIndex@ERROR%0.0% Maturity DistributionFundIndex @ERROR%@ERROR% Credit QualityFundIndex@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%. Holdings Top Ten Holdings as of -1/-1/-1% Assets@ERROR% Top 10 holdings may not be representative of current or future holdings and will evolve over time. x < Page: / > Download PDF