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  5. Loomis Sayles Credit Opportunities - Managed fund profile

Loomis Sayles Credit Opportunities - Managed Fund (Closed)

Fund Objective
To seek outperform 3 Month USD LIBOR plus 400bps p.a. (after management fees and taxes) over a market cycle prior to hedging the portfolio back into AUD.
Fund Strategy
The strategy combines senior loans with high yield to take advantage of cyclical changes in interest rates and credit spreads. The Fund shifts between senior loans and global high yield, with limited ability to use US treasuries and futures to manage duration. In determining the top-down allocation of the strategy, the Global Asset Allocation team uses key macroeconomic and quantitative information. Allocation decisions are based on the Loomis economic framework in conjunction with assessment of the stage of the business cycle and valuations.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -5.89% -5.46% -6.2% -13.67% -5.05% -2.92% 0.68% 3.98%
Growth return -5.89% -5.46% -6.2% -13.67% -5.05% -4.8% -0.5% 1.8%
Income return 0% 0% 0% 0% 0% 1.88% 1.18% 2.18%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.37% 1.09% 2.15% 4.19% 3.11% 2.08% -% 1.82%
As at 30 Nov 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Loomis Sayles Credit Opportunities
Cash
12.36%
Fixed Interest
87.64%
Australian Equities
0%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
27.02%
Fixed Interest
72.42%
Australian Equities
0.49%
International Equities
0.05%
Alternatives
0.02%

General Information

Fund Details
Type Description
Loomis Sayles Credit Opportunities (Wholesale)
Closed
Equity Trustees Ltd
IAM0004AU
Non Investment Grade Debt
starstar (as at 30 Nov 2020)
Investment Fund
17 Oct 2005
$2.5 million (as at 17 Dec 2020)
$1.37325 (as at 16 Dec 2020)
$1.37325 (as at 16 Dec 2020)
Finalised
Offer information
Type Description
Minimum initial investment $10,000,000
Minimum additional investments $10,000.00
Minimum redemption amount

FAQs about the Loomis Sayles Credit Opportunities

The objective of the Loomis Sayles Credit Opportunities managed fund is To seek outperform 3 Month USD LIBOR plus 400bps p.a. (after management fees and taxes) over a market cycle prior to hedging the portfolio back into AUD.

The strategy of the Loomis Sayles Credit Opportunities managed fund is The strategy combines senior loans with high yield to take advantage of cyclical changes in interest rates and credit spreads. The Fund shifts between senior loans and global high yield, with limited ability to use US treasuries and futures to manage duration. In determining the top-down allocation of the strategy, the Global Asset Allocation team uses key macroeconomic and quantitative information. Allocation decisions are based on the Loomis economic framework in conjunction with assessment of the stage of the business cycle and valuations.

The APIR code of the Loomis Sayles Credit Opportunities managed fund is IAM0004AU.

Loomis Sayles Credit Opportunities’s total return last month was -5.89%. This was made up of a growth return of -5.89% and an income return of 0%. These returns were calculated as at 30 Nov 2020.

Loomis Sayles Credit Opportunities’s total return for the last three months was -5.46%. This was made up of a growth return of -5.46% and an income return of 0%%. These returns were calculated as at 30 Nov 2020.

Loomis Sayles Credit Opportunities’s one-year total return is -13.67%. This was made up of a growth return of -13.67% and an income return of 0%. These returns were calculated as at 30 Nov 2020.

Loomis Sayles Credit Opportunities’s one-year total return is -2.92%. This was made up of a growth return of -4.8% and an income return of 1.88%. These returns were calculated as at 30 Nov 2020.

The asset allocation of the Loomis Sayles Credit Opportunities managed fund is :

Cash
12.36%
Fixed Interest
87.64%
Australian Equities
0%
International Equities
0%
Alternatives
0%

The Responsible Entity for the Loomis Sayles Credit Opportunities managed fund is Equity Trustees Ltd.

The Loomis Sayles Credit Opportunities managed fund belongs to the Non Investment Grade Debt sector/asset class.

As at 17 Dec 2020, the size of the Loomis Sayles Credit Opportunities managed fund was $2.5 million.

The Loomis Sayles Credit Opportunities managed fund has an inception date of 17 Oct 2005.

The current entry price of the Loomis Sayles Credit Opportunities managed fund is $1.37325 per unit and the current exit price is $1.37325 per unit (as at 16 Dec 2020).

The current exit price of the Loomis Sayles Credit Opportunities managed fund is $1.37325 per unit and the current entry price is $1.37325 per unit (as at 16 Dec 2020).

The minimum initial investment amount for the Loomis Sayles Credit Opportunities managed fund is $10,000,000. Minimum additional investment is $10000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.