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Long Duration Government/Credit

The Long Duration Government/Credit strategy seeks to provide diversified, actively managed exposure to the long end of the US investment grade government and credit markets
Strategy Assets $3.3 billion As of 12/31/2025
Asset Class Fixed
Inception Date 3/1/2006
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Overview

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Strategy Details

Primary Benchmark
Bloomberg US Long Government/Credit Index

Available Vehicles

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  • Institutional Separate Account
  • Commingled Trust
    Commingled 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.

Portfolio Managers

John Hyll

Portfolio Manager

42 yearsIndustry Experience
38 yearsTenure at Loomis Sayles

Neil Burke

Portfolio Manager

34 yearsIndustry Experience
28 yearsTenure at Loomis Sayles
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About the Team

Relative Return

A comprehensive fixed income platform powered by seasoned investors and focused, benchmark aware investment strategies.

$138.5B assets under management (as of 12/31/2025)
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Investment Strategy

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  • Benchmark aware strategy broadly diversified across issuers, industries and sectors of the US investment grade bond market
  • Tactical allocation through beta management and bottom-up security selection help drive portfolio construction
  • Duration and yield curve are typically managed relatively close to the benchmark
  • The primary drivers of alpha are security selection and sector allocation
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Composite Performance

Cumulative Total Return (%)
As of 12/31/2025
Period Gross Net Index
3 Months -0.07%-0.15%-0.02%
Year-To-Date 6.80%6.48%6.62%
Annualized Total Return (%)
As of 12/31/2025
Period Gross Net Index
1 Year 6.80%6.48%6.62%
3 Years 3.43%3.12%3.06%
5 Years -4.62%-4.88%-4.89%
10 Years 2.78%2.53%1.98%
Since 3/1/2006 5.13%4.91%4.21%
Period Performance (%)
As of 12/31/2025
Year Gross Net Index
2025 6.80%6.48%6.62%
2024 -3.89%-4.18%-4.15%
2023 7.81%7.49%7.13%
2022 -27.21%-27.39%-27.09%
2021 -1.99%-2.21%-2.52%
2020 19.96%19.70%16.12%
2019 19.91%19.65%19.59%
2018 -4.69%-4.90%-4.68%
2017 11.25%11.01%10.71%
2016 9.27%9.02%6.67%
Inception Date 3/1/2006
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Documents

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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.
 
Diversification does not ensure a profit or guarantee against a loss.
 
Investment vehicles may not be available to all investors and are subject to eligibility.

The Composite includes all discretionary separate and commingled accounts with market values greater than $20 million managed by Loomis Sayles with investment guidelines that allow from 0 to 20% high yield and are managed against a long broad benchmark. Proprietary quantitative models are employed in portfolio construction and risk assessment. Loomis Sayles’s security level research and significant allocation to non-index sectors and tactical sectors are primary alpha sources for this product. Prior to June 1, 2015 the Composite minimum account size requirement was $5 million. The Composite inception date is March 1, 2006. The Composite was created in 2006.