The Long Duration Credit strategy seeks to provide diversified, actively managed exposure to the long end of the US investment grade credit market
Bloomberg US Long Credit Index
- 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
- 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)
1 Strategy assets are comprised of Long Duration Corporate Bond and Long Duration Credit.
Diversification does not ensure a profit or guarantee against a loss.
The Long Duration Credit Composite includes all discretionary accounts with market values greater than $20 million managed by Loomis Sayles with investment guidelines that allow from 0 to 20% in high yield and non-USD denominated securities and seeks to provide diversified, actively managed exposure primarily to the long end of the US investment grade credit market. Prior to June 1, 2015 the Composite minimum account size requirement was $5 million. The Composite inception date is April 1, 2013. The Composite was created in 2014.