Loomis Sayles Global Diversified Corporate Bond Class
Global Diversified Corporate Bond Class
$37,567,117as of 07/21/17Total Net Assets
$8.7752(Dividend, A) as of 07/21/17NAVPS
Global Fixed-Income Asset Class
Bloomberg Barclays Global Aggregate - Corporate (CAD Hedged) IndexBenchmark
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 Class seeks to achieve the investment objective through the investment of substantially all its portfolio assets in units of Loomis Sayles Global Diversified Corporate Bond Fund.
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.
Who Should Invest in this Fund
Investors seeking a diversified investment in corporate bonds.
Loomis, Sayles & Company L.P. is portfolio sub-advisor in respect of the Loomis Sayles Global Diversified Corporate Bond Fund. The Loomis Sayles Global Diversified Corporate Bond Class invests substantially all its portfolio assets in units of Loomis Sayles Global Diversified Corporate Bond Fund.
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 security holder that would have reduced returns. The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the investment fund or returns on investment in the investment fund. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The payment of distributions for Dividend and the Return of Capital should not be confused with a mutual fundâ€™s performance, rate of return or yield. If distributions paid by a mutual fund are greater than the performance of the fund, then the investment will decline. Distributions paid as a result of capital gains realized by a mutual fund and income and dividends earned by a fund are taxable in the investorâ€™s hands in the year they are paid. For Return of Capital, the adjusted cost base will be reduced by the amount of any returns of capital. If the adjusted cost base goes below zero, then investors will have to pay capital gains tax on the amount below zero.
NGAM Canada LP (the â€śManagerâ€ť) currently reduces or absorbs all or any portion of the management fee and/or operating expenses of the Fund and can terminate the reduction or absorption at any time. The Manager expects to continue to absorb these fees or expenses until such time as the Fund is of sufficient size to reasonably absorb all fees and expenses. The MER for the Loomis Sayles Global Diversified Corporate Bond Class, Dividend, Series A would be 1.94% if the Manager had not reduced or absorbed these expenses.
On October 17, 2016, the NexGen Corporate Bond Tax Managed Fund changed its name to Loomis Sayles Global Diversified Corporate Tax Managed Bond Fund. Also at that time, the sub-advisor for the fund was changed from Baker Gilmore & Associates Inc., to Loomis Sayles & Company, L.P. Changes in the investment strategies of the Corporate Bond Funds were made because of the sub-advisor change.
Loomis, Sayles & Company L.P. is a wholly owned subsidiary and an affiliate of Natixis Global Asset Management, S.A.