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FULL DISCRETION 

Range of Product Offerings

AS OF 12/31/2023

 

Our Method

As pioneers in multisector investing, the Loomis Sayles Full Discretion team takes a long-term, flexible and benchmark-agnostic approach to building portfolios. This results in a range of strategies and customized solutions that are uncorrelated to traditional bond portfolios and help meet a variety of client needs. Every Full Discretion investment strategy seeks to identify and capitalize on mispricings throughout market cycles using fundamental research and active management.

The team's passion for performance and unwavering commitment to their clients is marked by:

CONSISTENCY. TRANSPARENCY. INTEGRITY

Institutional Strategies

For institutional investors only. Minimum initial investment of $20M; minimum initial investment of $50M for Strategic Alpha and Strategic Alpha Opportunistic.

Core Plus Full Discretion

The Core Plus Full Discretion strategy seeks to maximize total return through research driven security selection while managing downside risk through careful portfolio construction.

Inception 1/1/1989

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Global High Yield Full Discretion - Hedged to USD

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 construction.

Inception 10/1/2012

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High Yield Conservative

The High Yield Conservative strategy seeks to maximize total return through research driven security selection while managing downside risk through careful portfolio construction.

Inception 1/1/1989

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High Yield Full Discretion

The High Yield Full Discretion strategy seeks to maximize total return through research driven security selection while managing downside risk through careful portfolio construction.

Inception 1/1/1989

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Multisector Credit

The Multisector Credit strategy seeks to maximize total return and higher levels of portfolio income through research driven security selection while managing downside risk through careful portfolio construction.

Inception 1/1/2010

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Multisector Full Discretion

The Multisector Full Discretion strategy seeks to maximize total return through research driven security selection while managing downside risk through careful portfolio construction.

Inception 1/1/1989

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Senior Floating Rate and Fixed Income

The Senior Floating Rate and Fixed Income strategy seeks to provide a high level of current income.

Inception 11/1/2011

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Senior Loan

The Senior Loan strategy is designed to deliver pure bank loan exposure and outperform the benchmark over a full credit cycle.

Inception 9/1/2004

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Strategic Alpha

The Strategic Alpha strategy seeks to provide absolute returns in excess of ICE BofA 3-Month Treasury Bill Index + 2-4% while mitigating drawdowns.*

Inception 5/1/2011

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Strategic Alpha Opportunistic

The Strategic Alpha Opportunistic strategy seeks to provide absolute returns in excess of ICE BofA 3-Month Treasury Bill Index + 3-5% while mitigating drawdowns.*

Inception 12/1/2011

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US High Yield

The US High Yield strategy seeks to maximize total return through research driven security selection while managing downside risk through careful portfolio construction.

Inception 10/1/2009

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Mutual Funds

Institutional Class shares (Class Y, Class I) are available to institutional investors only; minimum initial investment of $100,000. Institutional High Income Fund, Fixed Income Fund, and Investment Grade Fixed Income Fund have a minimum initial investment of $3 million

Bond Fund

The Bond Fund has a flexible, long-only, “go anywhere” approach to seeking undervalued
opportunities.

Primary Benchmark:  Bloomberg US Aggregate Index**

Inception 5/16/1991

Ticker: LSBDX

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Fixed Income Fund

The Fixed Income Fund seeks high total investment return through a combination of current income and capital appreciation.

Primary Benchmark: Bloomberg US Aggregate Index***

Inception 1/17/1995

Ticker: LSFIX

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High Income Fund

The High Income Fund has a high yield focus with higher income potential from allocations to below investment grade securities.

Primary Benchmark: Bloomberg US Corporate High Yield Index

Inception 2/29/2008

Ticker: NEHYX

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Investment Grade Bond Fund

The Investment Grade Bond Fund has a multisector approach with an investment grade focus.

Primary Benchmark: Bloomberg US Aggregate Index**

Inception 12/31/1996

Ticker: LSIIX

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Investment Grade Fixed Income Fund

The Investment Grade Fixed Income Fund seeks high total investment return through a combination of current income and capital appreciation.

Primary Benchmark: Bloomberg US Aggregate Index**

Inception 7/1/1994

Ticker: LSIGX

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Institutional High Income Fund

The Institutional High Income Fund seeks high total investment return through a combination of current income and capital appreciation.

Primary Benchmark: Bloomberg US Corporate High Yield Index

Inception 6/5/1996

Ticker: LSHIX

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Senior Floating Rate and Fixed Income Fund

The Senior Floating Rate and Fixed Income Fund seeks to provide a high level of current income.

Primary Benchmark: Morningstar LSTA US Leveraged Loan Index

Inception 9/30/2011

Ticker:  LSFYX

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Strategic Alpha Fund

The Strategic Alpha Fund utilizes a wide opportunity set to help achieve attractive risk-adjusted returns with attention to drawdown risk.

Primary Benchmark: Bloomberg US Aggregate Index****

Inception 12/15/2010

Ticker: LASYX

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Strategic Income Fund

The Strategic Income Fund has a flexible, long only, “go anywhere” approach with greater exposure to securities below investment grade.

Primary Benchmark: Bloomberg US Aggregate Index

Inception 12/1/1999

Ticker:  NEZYX

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Managed Accounts

A Managed Account (MA) is a more customized investment than a mutual fund. It is model-based and the investment manager will have the ability to customize per client request.

Investment Grade Bond Managed Account

The Investment Grade Bond Managed Account seeks high total investment return through a combination of current income and capital appreciation.

Primary Benchmark: Bloomberg US Aggregate Index

Institutional Class shares (Class Y, Class I) are available to institutional investors only; minimum initial investment of $100,000.

Before investing, consider the fund’s investment objectives, risks, charges, and expenses. Please visit www.loomissayles.com or call 800-225-5478 for a prospectus and a summary prospectus containing this and other information. Read it carefully.

Natixis Distributors LLC (fund distributor, member FINRA|SIPC) and Loomis, Sayles & Company, L.P. are affiliated.

Questions for the team?

Let's Connect.

David Zielinski, CFA

Investment Director

Cheryl Stober

Investment Director

Kristen Doyle

Associate Investment Director

Disclosure

*Effective 1 May 2024, the strategy will add the Bloomberg US Aggregate Index as the secondary benchmark. The primary benchmark will remain as the ICE BofA 3-Month Treasury Bill Index.

**Effective 1 May 2024, the fund’s primary broad-based performance index changed to the Bloomberg US Aggregate Index. The Bloomberg US Aggregate Index is a broad-based securities market index that represents the overall market applicable to the fund. The Bloomberg US Aggregate Index replaced the Bloomberg US Government/Credit Index as the fund’s primary benchmark because the fund believes it provides a more appropriate comparison to the fund’s investable universe.

***Effective 1 February 2024, the fund’s primary broad-based performance index changed to the Bloomberg US Aggregate Index. The Bloomberg US Aggregate Index is a broad-based securities market index that represents the overall market applicable to the fund. The Bloomberg US Aggregate Index replaced the Bloomberg US Government/Credit Index as the fund’s primary benchmark because the fund believes it provides a more appropriate comparison to the fund’s investable universe.

****Effective 1 May 2024, the fund’s primary broad-based performance index changed to the Bloomberg US Aggregate Index. The Bloomberg US Aggregate Index is a broad-based securities market index that represents the overall market applicable to the fund. The fund's secondary benchmark is the ICE BofA 3-Month Treasury Bill Index.

Investment grade (High Yield/Income) may be subject to greater risks (including the risk of default) than other fixed income securities.

Fixed income securities may carry one or more of the following risks: credit, interest rate (as interest rates rise bond prices usually fall), inflation and liquidity.

Foreign and emerging market securities may be subject to greater political, economic, environmental, credit, currency and information risks. Foreign securities may be subject to higher volatility than US securities, due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets.

Any opinions or forecasts contained herein reflect the current subjective judgments and assumptions of the Full Discretion Team only and do not necessarily reflect the views of Loomis, Sayles & Company, L.P. This information is subject to change at any time without notice.

Diversification does not ensure a profit or guarantee against a loss.

Market conditions are extremely fluid and change frequently.

There is no guarantee that the investment objective will be realized or that the strategy will generate positive or excess return.

Any investment that has the possibility for profits also has the possibility of losses, including the loss of principal.

Past performance is no guarantee of, and not necessarily indicative of, future results.

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