Loomis Sayles Global Diversified Corporate Bond Fund

  • FUND FACTS
  • PRICES & PERFORMANCE
  • HOLDINGS & STATS
  • DOCUMENTS

Fund Inception Date:

June 1, 2012


Fund Assets:

(Includes all Diversified Corporate Bond Fund series and the investment from the Diversified Corporate Bond Tax Managed Fund)

$36,704,932


Management Fee:

 

1.25%

View Fee Chart
Portfolio Sub-Advisor:

 

Portfolio Managers:
Kenneth Buntrock, CFA, CIC
David Rolley, CFA
Lynda Schweitzer, CFA
Scott Service, CFA
  

 
 
 
 

Investment Objective

  • The Fund pursues a steady flow of income and the potential for capital gains primarily through investment in fixed income securities issued by Canadian and foreign corporations.
  • Loomis Sayles Global Diversified Corporate Bond Fund will invest directly in fixed income securities such as corporate debentures, mortgage backed and asset backed securities with maturity dates in excess of one year and/or bonds issued or guaranteed by Canadian governments.

You Should Invest in this Fund if...

  • You are seeking a diversified investment in corporate bonds.
  • You have a low to medium tolerance for risk.

Volatility Classification

Low   Medium   High

 

Investment Strategies

  • Loomis, Sayles & Company, L.P. (“Loomis Sayles”) employs a value-driven, benchmark-aware approach implemented within a risk-budgeting framework. The investment process seeks to create a diversified portfolio with undervalued and preferably discount securities across relevant risk factors, including sector, country, currency, curve and specific credit.
  • The Fund is actively managed and uses a research-driven strategy in selecting sectors and securities as its primary return sources. Country or currency of issue allocations, and yield curve positioning are typically secondary sources of excess return.
  • The Fund invests primarily in investment grade securities.
  • The Fund may invest up to 20% of its assets in securities of below investment grade credit quality.

Effective on or about October 17, 2016, the portfolio manager for the NexGen Corporate Bond Funds was changed to Loomis, Sayles & Company, L.P. and the funds were renamed Loomis Sayles Global Diversified Corporate Bond Fund and Loomis Sayles Global Diversified Corporate Bond Tax Managed Fund. The investment strategies of the NexGen Corporate Bond Funds were changed on this date (indirectly in the case of NexGen Corporate Bond Tax Managed Fund) to allow the Global Bond product team at Loomis Sayles greater investments in foreign and high yield fixed-income securities.


Performance [ as of April 30, 2017 1, 2 ]

Series 1 mo. 3 mo. 6 mo. CYTD 1 yr. 3 yr. 5 yr. 10 yr. *Since
Inception
FE/DSC0.9 1.8 -0.1 1.7 1.8 1.5 -- -- 1.6
Benchmark - Bloomberg Barclays Global Aggregate Corporates (CAD Hedged)0.9 2 0.6 2 3.3 4 -- -- 3.8

Prices (Regular Series)

Fund CodesNAVPU
as of
Daily Change Weekly Change
Front EndBack End 05/25/2017 % $ % $  
NXG4601NXG4607$9.9922 0.0881 0.0088 0.0801 0.008

NAVPU - by Series

Top 10 Holdings [ as of April 30 ]

Name Country Sector % of total holdings Market Value
CASH & EQUIVALENTS? CASH & EQUIVALENTS CASH & EQUIVALENTS? 3.90% 1,402,251
JPMORGAN CHASE + CO 3.88% 02/01/2024 UNITED STATES CORPORATE BONDS 1.60% 579,954
IMPERIAL BRANDS FIN PLC 2.95% 07/21/2020 UNITED KINGDOM CORPORATE BONDS 1.40% 492,600
FORD MOTOR CREDIT CO LLC 3.66% 09/08/2024 UNITED STATES CORPORATE BONDS 1.20% 434,627
PROVINCE OF QUEBEC 4.63% 05/14/2018 CANADA PROVINCIAL BONDS 1.20% 423,525
VERIZON COMMUNICATIONS 2.63% 08/15/2026 UNITED STATES CORPORATE BONDS 1.10% 414,217
PERNOD RICARD SA 4.45% 01/15/2022 FRANCE CORPORATE BONDS 1.10% 404,800
SKY PLC 3.75% 09/16/2024 UNITED KINGDOM CORPORATE BONDS 1.10% 390,541
ANHEUSER BUSCH INBEV FIN 3.65% 02/01/2026 UNITED STATES CORPORATE BONDS 1.00% 362,790
FEDEX CORP 0.50% 04/09/2020 UNITED STATES CORPORATE BONDS 1.00% 361,121
Total Displayed     14.60% 5,266,426
Total Holdings       36,176,255

Portfolio Sector Allocation
[ as of April 30** ]

CORPORATE BONDS 90.20%
CASH & EQUIVALENTS? 3.90%
PROVINCIAL BONDS 2.60%
TREASURIES 1.70%
FEDERAL BONDS 1.60%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of April 30 ]

UNITED STATES 48.80%
UNITED KINGDOM 11.80%
NETHERLANDS 6.90%
FRANCE 6.00%
CANADA 5.60%
CASH & EQUIVALENTS 3.90%
SPAIN 3.00%
GERMANY 2.70%
MEXICO 2.00%
AUSTRALIA 1.70%
LUXEMBOURG 1.10%
ITALY 1.00%
VIRGIN ISLANDS, BRITISH 0.90%
IRELAND 0.80%
TOTAL 100.00%

** The Portfolio Sector Asset Allocations and Total Percentage Displayed in Top Holdings do not include non-cash working capital.

 
Fund Snapshot
 

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.