UAT Emerging Markets Short Duration Credit Overview Composite Performance Overview The Emerging Markets Short Duration Credit strategy seeks positive rate of return with capital preservation focus. Primary BenchmarkICE BofA 3-Month Treasury Bill IndexPortfolio Management Elisabeth Colleran Portfolio Manager, Emerging Markets Debt Read bio David Rolley Portfolio Manager 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, quasi-sovereigns and sovereigns with duration of less than 5 years Target duration: 2 to 3 years, subject to market conditions Seeks to add value by combining top-down macroeconomic analysis with research-driven, bottom-up security selection Leverages Loomis Sayles’ extensive macroeconomic and credit research including coverage of more than 70 emerging markets countries and over 650 emerging markets corporate, sovereign and quasi-sovereign issuers* Typical average quality: BBB- and above Target volatility: 1.5% to 3% per year Typical portfolio: 150 to 175 issuers Strategy Facts as of 3/31/2025Strategy Inception3/31/2014Strategy Assets$2.9 billionComposite Assets$745.8 millionNumber of Composite Accounts1Fact 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 Learn more about the team Explore more about the team’s philosophy, offerings, and insights.Learn More *A quasi sovereign is defined as being 100% guaranteed or 100% owned by the government. A sovereign is hard currency debt issued by an emerging market government. 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. The Composite includes all discretionary accounts with market values of at least $20 million managed by Loomis Sayles and that primarily invest in hard currency debt of corporate and quasi-sovereign entities located in emerging market economies with duration of less than 5 years. Loomis Sayles’s security level research and significant tactical country and sector 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 May 1, 2014. The Composite was created in July 2014. Performance Primary Benchmark: ICE BofA 3-Month Treasury Bill Index Quarter-End Performance as of 3/31/2025CumulativeGrossNetIndex3 month2.11%2.00%1.02% Year-to-date2.11%2.00%1.02%Trailing Performance as of 3/31/2025Annualized Total ReturnGrossNetIndex1 year7.59%7.11%4.97% 3 years4.72%4.27%4.23% 5 years4.85%4.44%2.56% 10 years3.51%3.11%1.87% Since Inception 5/1/20143.43%3.02%1.71% Period PerformanceYearGrossNetIndex20247.40%6.92%5.25% 20237.06%6.58%5.01% 2022-7.41%-7.75%1.46% 20210.92%0.59%0.05% 20205.25%4.90%0.67% 20198.77%8.41%2.28% 20180.87%0.51%1.87% 20174.98%4.60%0.86% 20166.00%5.53%0.33% 20151.38%0.90%0.05% 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) *FundIndex 0.0%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 Holdingsas 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