The Long Duration Credit strategy seeks to provide diversified, actively managed exposure to the long end of the US investment grade credit market

Primary Benchmark:

Bloomberg US Long Credit Index

Strategy Highlights

• Invests primarily in long duration US investment grade fixed income securities
• Fundamental research from Loomis Sayles credit research is a primary source for investment ideas and specific industry and security selection recommendations are developed by the Loomis Sayles investment grade sector team
• Quantitative risk analysis is applied to portfolio construction to help manage both market and specific portfolio risks, by seeking to diversify and minimize unintended risks

Portfolio Construction

• Duration typically within +/- 2 years (typically within +/- 0.5 year) relative to the index
• Allocations to non-US dollar and emerging markets debt securities may be allowed per client guidelines
• Investments in securities rated <BBB may be allowed per client guidelines
• Maximum industry allocation: 25% or the index weight plus 10% whichever is greater at the time of purchase
• Maximum issuer position: 3% or index weight plus 2% whichever is greater at the time of purchase (Treasurys and GSEs excluded)