UAT Global High Yield in EUR Overview Overview The Global High Yield in EUR strategy seeks to outperform the ICE BofA Merrill Lynch Global High Yield Index through diversified and actively managed exposure to the global high yield credit marketView factsheet Primary BenchmarkICE BofA Merrill Lynch Global High Yield IndexPortfolio Management Matt Eagan Portfolio Manager, Head of Full Discretion Read bio Read bio Brian Kennedy Portfolio Manager Read bio Todd Vandam Portfolio Manage Read bio Strategy Highlights Primarily seeks to leverage the insights of Loomis Sayles’ global high yield sector team to outperform through issue and sector selection Modify relative market exposure based on macro views of credit cycle Seeks to add value through limited exposure of off-benchmark positions Seeks to achieve gross returns of 100-150 basis points in excess of the ICE BofA Merrill Lynch Global High Yield Index with a tracking error of 200-300* basis points over a market cycle Portfolio Construction Typical portfolio: 100 to 200 issuers 3% maximum per issuer with typical positions of 1% (Government & GSEs excluded), or benchmark weighting +/-2%, as determined at the time of purchase 25% maximum per industry or benchmark weighting +/-15%, as determined at the time of purchase Typical average duration range: +/- 2 years relative to the duration of the index Minimum average quality: B- or higher at purchase. There is no minimum credit quality requirement for any individual investment Strategy Facts as of 3/31/2024Strategy Inception3/1/2016Fact Sheet Learn More About the Team Explore more about the team’s philosophy, offerings, and insights.Learn More *Tracking error is a range and the strategy may not always be able to remain within it. The Global High Yield in EUR Composite includes all discretionary accounts with market values greater than € 5 million managed by Loomis Sayles with investment guidelines that allow for a diversified, actively managed exposure to the Global High Yield credit market which emphasizes a disciplined portfolio construction and risk assessment process in fixed income and related investments of any maturity and credit quality, including lower-rated fixed income investments, derivatives, and bonds with equity-like features. The accounts and the benchmarks associated with the Composite are all expressed in Euro. The Composite inception date is February 1, 2017. The Composite was created in 2017. Performance Primary Benchmark: ICE BofA Merrill Lynch Global High Yield Index Quarter-End Performance as of 3/31/2024CumulativeGrossNetIndex3 monthN/AN/AN/A Year-to-dateN/AN/AN/ATrailing Performance as of 3/31/2024Average Annualized ReturnGrossNetIndexSince Inception 1/31/2017 Period PerformanceYearGrossNetIndex20218.34%7.80%9.06% 20201.50%0.99%-0.89% 201915.22%14.65%15.82% 20181.19%0.68%1.53% 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