UAT Global High Yield Full Discretion - Hedged to USD Overview Composite Performance Overview Effective 12/31/2023, Elaine Stokes will no longer serve as a portfolio manager for the Strategy. The Global High Yield Full Discretion - Hedged to USD Strategy seeks to maximize total return through research driven security selection while managing downside risk through careful portfolio constructionView factsheet Primary Benchmark ICE BofA Global High Yield Constrained Index - Hedged to USDStrategy Highlights High conviction, active credit manager High yield strategy seeking to exploit cross-sector opportunities across global high yield markets Repeatable, deep value equity-like approach to fundamental research and issue selection Allocations to out-of-benchmark securities can help to provide value and diversification Risk awareness tools overlay fundamental investment process May invest up to 10% in non-US dollar denominated securities May invest up to 5% in equity securities Maximum of 5% per non-government issuer (GSEs excluded) Maximum of 25% per industry Portfolio Management Team Portfolio Managers Matt Eagan Portfolio Manager, Head of Full Discretion Read bio Read bio Brian Kennedy Portfolio Manager Read bio Todd Vandam Portfolio Manage Read bio Peter Sheehan Portfolio Manager Read bio Associate Portfolio Manager Christopher Romanelli Associate Portfolio Manager, Full Discretion Read bio Strategy Facts as of 3/31/2024Strategy Inception3/1/2016Strategy Assets$211.5 millionComposite Assets$153.9 millionFact Sheet Learn More About the Team Explore more about the team’s philosophy, offerings, and insights.Learn More The Composite includes all discretionary accounts with market values greater than $5 million managed by Loomis Sayles with the objective of maximizing total rate of return, allowing greater than 50% in high yield, and is benchmarked against a global high yield index that is hedged to US dollar. Loomis Sayles’s security level research and significant allocations to non-index sectors are primary alpha sources for this product. The Composite inception date is October 1, 2012. The Composite was created in 2014. Performance Primary Benchmark: ICE BofA Global High Yield Constrained Index - Hedged to USD Quarter-End Performance as of 3/31/2024CumulativeGrossNetIndex3 month1.73%1.61%2.05% Year-to-date1.73%1.61%2.05%Trailing Performance as of 3/31/2024Average Annualized ReturnGrossNetIndex1 year10.70%10.18%11.60% 3 years0.33%-0.15%1.48% 5 years3.68%3.17%3.73% Since 3/1/2016**4.25%3.74%4.44% Period PerformanceYearGrossNetIndex202311.76%11.24%12.97% 2022-13.56%-13.99%-11.38% 20213.65%3.13%3.04% 202011.85%11.29%6.48% 201912.19%11.64%14.54% 2018-2.28%-2.77%-1.90% 20179.21%8.67%7.99% 201614.51%14.04%16.21% 2015-5.08%-5.55%-2.03% 2014*6.26%5.73%2.53%* Since 3/1/2016** Due to the composite’s significant cash flow policy there was a temporary two month period in January 2016 and February 2016 when there were no accounts included in the composite. Therefore the continuous track record for the composite begins March 1, 2016 despite the October 1, 2012 composite inception date. 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 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 3/31/2024% Assets @ERROR% Top 10 holdings may not be representative of current or future holdings and will evolve over time. x < Page: / > Download PDF