Loomis Sayles Global Diversified Corporate Bond Tax Managed Fund

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

Fund Inception Date:

June 1, 2012


Fund Assets:

(includes all Tax Managed Fund
series and all Tax Classes)

$33,897,969


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.

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 March 31, 2017 1, 2 ]

Tax Class Series 1 mo. 3 mo. 6 mo. CYTD 1 yr. 3 yr. 5 yr. 10 yr. *Since
Inception
Capital Gain Class FE/DSC-0.3 0.9 -2.2 0.9 1.3 1.2 -- -- 1.3
Return of Capital Class FE/DSC-0.3 0.9 -2.2 0.9 1.3 1.2 -- -- 1.3
Dividend Tax Credit Class FE/DSC-0.3 0.9 -2.2 0.9 1.3 1.2 -- -- 1.3
Compound Growth Class FE/DSC-0.3 0.8 -2.1 0.8 1.3 1.1 -- -- 1.2
Benchmark - Bloomberg Barclays Global Aggregate Corporates (CAD Hedged)  -0.2 1.1 -1.1 1.1 2.9 3.9 -- -- 3.7

Prices (Regular Series)

Tax Class Fund CodesNAVPU
as of
Daily Change Weekly ChangeTax Class Summary
  Front EndBack End 04/26/2017 % $ % $  
Capital Gains Class NXG4721NXG4727$10.2038 0.1256 0.0128 -0.3311 -0.0339
Compound Growth Class NXG4741NXG4747$10.6621 0.1258 0.0134 -0.3365 -0.036
Return of Capital Class 40 NXG4781NXG4787$8.7227 0.1251 0.0109 -0.3314 -0.029
Dividend Tax Credit Class 40 NXG4791NXG4797$8.7227 0.1251 0.0109 -0.3314 -0.029

NAVPU - by Series


1 Returns for 1 month, 3 month, 6 month and CYTD are simple rates of return. The returns for 1 year and Since Inception are annual compound rates of return. Assumes all dividends have been reinvested.
2 Returns represent fund performance and do not include any sales commissions or redemption fees payable by the investor.

Top 10 Holdings [ as of March 31 ]

Name Country Sector % of total holdings Market Value
GE CAPITAL INTL FUNDING 2.34% 11/15/2020 IRELAND CORPORATE BONDS 2.70% 827,723
JPMORGAN CHASE + CO 3.88% 02/01/2024 UNITED STATES CORPORATE BONDS 1.60% 559,822
CASH & EQUIVALENTS? CASH & EQUIVALENTS CASH & EQUIVALENTS? 1.50% 536,860
BUNDESREPUB. DEUTSCHLAND 3.50% 07/04/2019 GERMANY TREASURIES 1.50% 513,688
IMPERIAL BRANDS FIN PLC 2.95% 07/21/2020 UNITED KINGDOM CORPORATE BONDS 1.40% 478,039
FORD MOTOR CREDIT CO LLC 3.66% 09/08/2024 UNITED STATES CORPORATE BONDS 1.20% 418,793
VERIZON COMMUNICATIONS 2.63% 08/15/2026 UNITED STATES CORPORATE BONDS 1.20% 401,173
PERNOD RICARD SA 4.45% 01/15/2022 FRANCE CORPORATE BONDS 1.10% 389,356
SKY PLC 3.75% 09/16/2024 UNITED KINGDOM CORPORATE BONDS 1.10% 376,361
MORGAN STANLEY 3.88% 04/29/2024 UNITED STATES CORPORATE BONDS 1.00% 349,201
Total Displayed     14.30% 4,851,016
Total Holdings       34,645,910

Portfolio Sector Allocation
[ as of March 31** ]

CORPORATE BONDS 91.90%
TREASURIES 2.90%
MUNICIPAL BONDS 2.20%
CASH & EQUIVALENTS? 1.50%
PROVINCIAL BONDS 1.50%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of March 31 ]

UNITED STATES 50.40%
UNITED KINGDOM 11.60%
NETHERLANDS 6.60%
FRANCE 5.60%
CANADA 5.10%
GERMANY 3.40%
IRELAND 3.20%
SPAIN 2.20%
MEXICO 2.00%
ITALY 2.00%
AUSTRALIA 1.70%
CASH & EQUIVALENTS 1.50%
LUXEMBOURG 1.10%
CHILE 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.