The “Summary Risk Indicator” (SRI), as defined by the PRIIPs regulation, is a risk measure based on both market risk and credit risk. It is based on the assumption that you stay invested in the fund for the recommended holding period. It is calculated periodically and may change over time. The indicator is presented on a numerical scale from 1 (the lowest risk) to 7 (the highest risk).
Be aware of currency risk. The currency of this Product may be different from that of your country. As you may receive payments in the currency of this Product and not that of your country, the final return you will get will depend on the exchange rate between these two currencies. This risk is not considered in the indicator shown above.
Other risks materially relevant to the Product not included in the summary risk indicator:
Liquidity, Impact of the Management Techniques, Credit, Counterparty", "Minimum Initial Investment Disclaimer": "Minimum initial investment is provided in the reference currency of the Fund and varies for share classes available in other currencies. Please refer to the fund prospectus or the KIID for more information.", "Fees and Expenses Disclaimer": "For more information about potential charges such as charges relating to excessive trading or market-timing practices please refer to the Fund’s prospectus and, where available, the KID.
", "Risk Measures definitions": "The risk measures below are calculated for funds with at least a three-year history.
Alpha measures the difference between a fund's actual returns and its expected performance, given its level of risk (as measured by beta). Alpha is often seen as a measure of the value added or subtracted by a portfolio manager.
Beta is a measure of a fund's sensitivity to market movements. A portfolio with a beta greater than 1 is more volatile than the market, and a portfolio with a beta less than 1 is less volatile than the market.
R-squared reflects the percentage of a fund's movements that are explained by movements in its benchmark, showing the degree of correlation between the fund and the benchmark. This figure is also helpful in assessing how likely it is that alpha and beta are statistically significant.
The Sharpe ratio uses standard deviation and excess return to determine reward per unit of risk.
Standard deviation is a statistical measure of the volatility of the fund's returns.
Tracking Error is reported as a standard deviation percentage difference between the performance of the portfolio and the performance of the reference index. The lower the Tracking Error, the more the fund performance resembles to the performance of its reference index.
The Information Ratio is the difference between the fund’s average annualized performance and that of the reference index divided by the standard deviation of the Tracking Error. The information ratio measures the portfolio manager's ability to generate excess returns relative to the reference index.
", "Ongoing charges Disclaimer": "The Ongoing charges/Total Expense Ratio (TER) are based on figures for the previous financial year. It excludes the portfolio performance fees (if applicable to the fund), transaction costs, except in the case of an entry/exit charge paid by the Fund when buying or selling units in another collective investment undertaking. For further information about charges, please refer to the Fund’s prospectus and the KIID.", "Growth of 10K Disclaimer": "The graph compares the performance of a hypothetical investment in the Fund with the Fund's Reference Index. The total returns are not adjusted to reflect sales charges or the effects of taxation, but are adjusted to reflect actual ongoing fund expenses, and assume reinvestment of dividends and capital gains. If adjusted, sales charges would reduce the performance quoted. The index is an unmanaged portfolio of specified securities and cannot be invested in directly. The index does not reflect any initial or ongoing expenses. A fund's portfolio may differ significantly from the securities in the index. The index is chosen by the fund manager.", "Credit Quality Definition": "Credit Quality reflects the highest credit rating assigned to individual holdings of the fund among Moody's, S&P or Fitch; ratings are subject to change. Index data is based on country rating.", "Bottom Country Specific Disclaimer": "Investors should consider the investment objectives, risks and expenses of any investment carefully before investing. Please read the prospectus and, where available, the Key Information Document carefully before investing.
", "SRRI Definition": "The Risk & Reward Profile includes a "synthetic risk and reward indicator" (SRRI), as defined by the European Securities and Markets Authority (ESMA). This risk measure is calculated based on volatility of returns, in other words fluctuations in the net asset value (NAV) of the fund. The indicator is presented on a numerical scale of 1 to 7, where 1 is low and 7 high. All investing involves risk including risk of loss of capital.
", "Performance Disclaimer": "PERFORMANCE DATA SHOWN REPRESENTS PAST PERFORMANCE AND IS NOT A GUARANTEE OF, AND NOT INDICATIVE OF, FUTURE RESULTS. More recent performance may be lower or higher. Principal value and returns fluctuate over time (mainly as a result of currency fluctuations) so that shares, when redeemed, will be worth more or less than their original cost. Performance shown is net of all fund expenses, but does not include the effect of sales charges, taxation or paying agent charges, and assumes reinvestment of dividends. If such charges were included, returns would have been lower. Performance for other share classes will be more or less depending on differences in fees and sales charges. For further information on the performance data, including calculation of performance during periods of share class inactivity, please refer to the Fund Factsheet available under Fund Documents section.
", "Morningstar Ratings": "The Morningstar Rating is calculated for funds with at least a three-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a mutual fund is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics.
© 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
", "Reference Index Disclaimer": "For indicative purposes only, the Fund’s performance may be compared to the Reference Index. The Fund is unconstrained by the index and may therefore significantly deviate from it.", "CFA Disclaimer": "CFA® and Chartered Financial Analyst® are registered trademarks owned by the CFA Institute.
", "Performance Disclaimer - Short": "Performance data shown represents past performance and is not a guarantee of, and not indicative of, future results.
", "Performance Fee Disclaimer": "A performance fee may be applied in cases where the fund has negative performance but has outperformed the reference index. The performance fee, applicable to a given share class, is calculated using a so-called “Value asset” approach, based on the comparison between the fund’s valued asset and the reference asset that serves as the basis for calculating the performance fee. The Management Company shall ensure that, over a performance period of up to five (5) years, any underperformance of the Fund in relation to the reference index is compensated for before performance fees become payable. A reset of the date and starting value of the reference asset will be implemented if underperformance is not compensated and is no longer relevant because the successive period of five-years has elapsed.
", "Sustainability Risk": "The Fund is subject to sustainability risks as defined in the Regulation 2019/2088 (article 2(22)) by environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment. More information on the framework related to the incorporation of Sustainability can be found on the website of the Management Company and the Delegated Investment Manager.
", "PRIIPs Ongoing Costs": "The ongoing costs quoted under the Packaged Retail and Insurance-Based Investment Products (PRIIPS) regulation are based on figures for the previous financial year.
", "SRI Definition": "The Summary Risk Indicator is a guide to the level of risk of this Product compared to other Products. It shows how likely it is that the Product will lose money because of movements in the markets or because we are not able to pay you.
", "SFDR Classification Website Info Icon": "The Sustainable Finance Disclosure Regulation (SFDR) is a European regulation, which sets out rules for classifying and reporting on sustainability and ESG factors in investments. It was introduced to improve transparency in the market for sustainable investment products, to prevent greenwashing and to increase transparency around sustainability claims made by financial market participants and hence direct capital towards more sustainable investments.
The SFDR regulation requires asset managers to sort their products into different categories based on the product's extra-financial characteristics, with disclosure obligations being proportionate to the product’s ESG ambition. The regulation’s aims are to enable the end-user to clearly understand and compare the underlying sustainability characteristics of any investment fund. This forms part of a wider challenge in preventing 'greenwashing' – where a fund claims to be sustainable when in fact it is not.
Under SFDR, products are categorised as articles 6, 8 or 9:
Article 6 is the default classification for products with no ESG focus. These products may consider ESG risks as part of the investment process but they do not promote any kind of extra-financial features and do not consider ESG criteria in a binding manner in the investment process.
Article 8 is applied to products that promote, among other characteristics, environmental and/or social characteristics as part of a broad investment strategy, provided that the companies in which the investments are made follow good governance practices.
Article 9 products are designated as having a sustainable investment as their objective as defined by SFDR Article 2 (17).
Since 1st January 2023, products categorised as Article 8 or Article 9 must publish standardized ESG information in annexes to the pre-contractual documentation, detailing the fund’s ESG strategy, characteristics, indicators, asset allocation and, where applicable, engagement in terms of minimum of sustainable investments and Taxonomy alignment.
Further details (e.g. methodology and tools used for the ESG strategy) are available in mandatory website disclosures for each Article 8 and Article 9 product. Those product’s periodic reports also include a standardized annex for the purpose of disclosing ex-post indicators and commenting on extra-financial aspects.
" }, "fundRisks": { "Credit risk": "Credit Risk arises from the risk of impairment of the quality of an issuer and/or an issue, which may entail a reduction in the value of the security. It may also arise from default at maturity by an issuer in the portfolio.", "Counterparty risk": "The counterparty risk is the risk that a counterparty with whom the UCITS has entered into OTC transactions would not be in a position to fulfil its liabilities toward the UCITS.", "Liquidity risk": "Liquidity risk represents the price reduction which the UCITS should potentially accept to have to sell certain securities for which there is one insufficient request on the market.", "Impact from the Management Techniques": "The risk linked to the management techniques is the risk of increased losses due to the use of financial derivatives instruments and/or securities lending and repurchase transactions." }, "relatedShareClasses": [ { "isin": "LU1269963739", "shareClassLabel": "I/A (H-EUR)" }, { "isin": "LU1269963812", "shareClassLabel": "I/A (H-GBP)" }, { "isin": "LU1269963572", "shareClassLabel": "I/A (USD)" }, { "isin": "LU1269963655", "shareClassLabel": "I/D (USD)" }, { "isin": "LU1922521643", "shareClassLabel": "N/A (USD)" }, { "isin": "LU1269965510", "shareClassLabel": "N/D (USD)" }, { "isin": "LU1773688228", "shareClassLabel": "N1/A (USD)" }, { "isin": "LU1269967565", "shareClassLabel": "Q/A (USD)" }, { "isin": "LU1269964547", "shareClassLabel": "R/A (H-EUR)" }, { "isin": "LU1269964380", "shareClassLabel": "R/A (USD)" }, { "isin": "LU1269964463", "shareClassLabel": "R/D (USD)" }, { "isin": "LU1269967136", "shareClassLabel": "RE/A (USD)" }, { "isin": "LU1269967219", "shareClassLabel": "RE/D (USD)" }, { "isin": "LU1269965940", "shareClassLabel": "S/A (USD)" }, { "isin": "LU1269966757", "shareClassLabel": "S1/A (USD)" }, { "isin": "LU2908894723", "shareClassLabel": "S2/A (USD)" } ], "calendarYearReturns": "", "top10Holdings": { "date": "31/03/2025", "holdingsList": [ { "name": "FHLB DISCOUNT NT 0% 17-09-25", "weight": "4.58" }, { "name": "FN BF0760 2.500% 01-06-62", "weight": "2.00" }, { "name": "FN BF0578 2.500% 01-12-61", "weight": "1.88" }, { "name": "FR SD8205 2.500% 01-04-52", "weight": "1.74" }, { "name": "US TREASURY N/B 3.500% 15-02-33", "weight": "1.67" }, { "name": "US TREASURY N/B 2.000% 15-11-41", "weight": "1.55" }, { "name": "US TREASURY N/B 3.375% 15-05-33", "weight": "1.51" }, { "name": "US TREASURY N/B 3.000% 15-11-44", "weight": "1.35" }, { "name": "US TREASURY N/B 3.875% 15-08-33", "weight": "1.34" }, { "name": "US TREASURY N/B 4.000% 31-03-30", "weight": "1.33" } ] }, "riskMeasures": { }, "investmentManagement": { "affiliateId": "a1z20000001XfQaAAK", "affiliateName": "Loomis, Sayles & Company", "affiliateLogo": "https://ngam--c.eu33.content.force.com/servlet/servlet.ImageServer?id=01520000003kyFY&oid=00D20000000NrFu", "affiliateDescription": "Loomis, Sayles & Company helps meet the needs of institutional and mutual fund clients worldwide with performance-driven investment teams backed by deep proprietary research and a system of integrated risk analysis.", "affiliateLink": "/investment-managers-and-capabilities/loomis-sayles-and-company", "aumInPounds": "351900000000", "aumInEuros": "3014000000000", "aumInDollars": "413100000000", "aumAsOfDate": "30/06/2025", "fundManagers": [ { "image": "https://ngam--c.vf.force.com/servlet/servlet.ImageServer?id=015aT00000CLyLdQAL&oid=00D20000000NrFuEAK", "firstName": "Peter", "lastName": "Palfrey", "title": "Portfolio Manager", "managedFundSince": "1996", "joinedFirm": "2001", "beganInvestmentCareer": "1984", "fullBio": "Peter Palfrey is a portfolio manager for the Fixed Income Group at Loomis, Sayles\n& Company. With 41 years of investment industry experience, Peter co-manages\nthe Loomis Sayles Core Plus strategy, which includes the Loomis Sayles Core Plus\nBond Fund, and the Loomis Sayles active US Treasury strategies. Prior to joining\nLoomis Sayles in 2001, he worked for Back Bay Advisors as senior vice president\nand portfolio manager, and for MONY Capital Management as investment vice\npresident and portfolio manager. Peter earned a BA from Colgate University. He is\na CFA® charterholder." }, { "image": "https://ngam--c.vf.force.com/servlet/servlet.ImageServer?id=015aT00000CLyS5QAL&oid=00D20000000NrFuEAK", "firstName": "Richard", "lastName": "Raczkowski", "title": "Portfolio Manager, Co-head of the Relative Return Team", "managedFundSince": "1999", "joinedFirm": "2001", "beganInvestmentCareer": "1990", "fullBio": "Rick Raczkowski is a portfolio manager and co-head of the Relative Return Team\nat Loomis, Sayles & Company. He co-manages the Loomis Sayles Corporate Bond\nstrategies and Core Plus Fixed Income strategy, which includes the Loomis Sayles\nCore Plus Bond Fund. Rick is also a member of the firm’s Board of Directors. He\nhas 35 years of investment industry experience and joined Loomis Sayles in 2001.\nPrior to Loomis Sayles, Rick served as vice president for Back Bay Advisors and\nwas a senior consultant at both Hagler Bailly Consulting and EDS Management\nConsulting/A.T. Kearney. He also worked as an economist and industry analyst for\nDRI McGraw-Hill. Rick earned a BA from the University of Massachusetts and an\nMBA from northeastern University." } ] }, "contactUsLink": "/en-ch/contact-us", "canonicalReference": [ { "Displayed_on_Website__c": "France;Germany;Intl;Italy;Switzerland", "type": "Shareclass__c" } ], "lessThan12monthsPerformance": "true", "performanceText": "No performance data will be shown for share classes that are less than 12 months old, or for share classes with null NAV data values.", "defaultIsin": "LU1269963572", "hidePerformanceForFund": false }