Core Plus Fixed Income
Overview
Strategy Details
Available Vehicles
- Institutional Separate Account
- Mutual Fund
- Commingled TrustsCommingled trust may include a collective investment trust, an institutional-only investment structure that is exclusively available to qualified retirement plans which meet certain eligibility requirements. A collective investment trust is not available to retail investors or the general public. For more information, qualified retirement plan sponsors should reach out to their Loomis Sayles Relationship Manager.
- Separately Managed Accounts (SMA)
Portfolio Managers
Rick Raczkowski
Co-Head of the Relative Return Team, Portfolio Manager
Peter Palfrey, CFA
Portfolio Manager
Associate Portfolio Manager3
Michael Gladchun
Associate Portfolio Manager
About the Team
A comprehensive fixed income platform powered by seasoned investors and focused, benchmark aware investment strategies.
Investment Strategy
- Benchmark aware strategy with a broad opportunity set that includes benchmark sectors and of out-of-benchmark “Plus” sectors
- Top-down macroeconomic analysis informs sector allocations, duration posture, and overall portfolio quality, and liquidity; bottom-up fundamental analysis supports security selection
- Flexibility to invest up to 20% of its assets in high yield and 10% in non-US dollar denominated securities. May also invest in emerging markets.
- The primary drivers of alpha are sector allocation, security selection and duration/yield curve management
Composite Performance
Cumulative Total Return (%)
As of 12/31/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 3 Months | 1.20% | 1.11% | 1.10% |
| Year-To-Date | 8.70% | 8.34% | 7.30% |
Annualized Total Return (%)
As of 12/31/2025| Period | Gross | Net | Index |
|---|---|---|---|
| 1 Year | 8.70% | 8.34% | 7.30% |
| 3 Years | 5.42% | 5.07% | 4.66% |
| 5 Years | 0.39% | 0.08% | -0.36% |
| 10 Years | 3.49% | 3.19% | 2.01% |
| Since 1/1/1989 | 6.47% | 6.19% | 5.31% |
Period Performance (%)
As of 12/31/2025| Year | Gross | Net | Index |
|---|---|---|---|
| 2025 | 8.70% | 8.34% | 7.30% |
| 2024 | 1.19% | 0.85% | 1.25% |
| 2023 | 6.52% | 6.16% | 5.53% |
| 2022 | -12.23% | -12.46% | -13.01% |
| 2021 | -0.85% | -1.10% | -1.54% |
| 2020 | 11.49% | 11.19% | 7.51% |
| 2019 | 9.66% | 9.36% | 8.72% |
| 2018 | -0.25% | -0.52% | 0.01% |
| 2017 | 5.62% | 5.33% | 3.54% |
| 2016 | 7.29% | 6.99% | 2.65% |
Documents
3Associate Portfolio Managers do not have discretion over the strategy.
Important Disclosures
Performance data shown represents past performance and is no guarantee of future results. Current performance may be lower or higher than quoted. Returns are shown in US dollars and are annualized for one and multi-year periods. Gross returns are net of trading costs. Net returns are gross returns less effective management fees.
KEY RISKS: Credit Risk, Issuer Risk, Interest Rate Risk, Liquidity Risk, Non-US Securities Risk, Currency Risk, Prepayment Risk and Extension Risk. Investing involves risk including possible loss of principal.
There is no guarantee that the investment objective will be realized or that the strategy will generate positive or excess return.
Investment vehicles may not be available to all investors and are subject to eligibility.
The Composite includes all discretionary accounts with market values greater than $20 million managed by Loomis Sayles with investment guidelines which seek a maximum total return and allow a limited, yet discretionary, use of non-investment grade issues (greater than 10% up to a maximum of 25%). Investment in other non-benchmark sectors are also utilized, including non-USD denominated securities (typically ranging between 5% and 20%). As of 1/1/2021 the Composite was redefined to include commingled vehicles, previously only separate accounts were included. Prior to June 1, 2015 the Composite minimum account size requirement was $5 million. The Composite inception date is January 1, 1989. The Composite was created in 1993.