# PORTFOLIO ANALYSIS AS OF 29/07/2022
ASSET ALLOCATION	Fund %
Fixed-rate bonds	70.2
Adjustable-rate bonds	26.5
Variable-rate bonds	0.8
Cash	2.5
Total	100.0
Off-balance sheet
Futures / Options	2.4
Others Derivatives	0.0
Total	2.4
TOP 10 HOLDINGS	Fund %

##### in % of AuM

##### DBR 4.000% 01-37	2.7

##### VW 0.875% 01-28	0.9

##### TENN 2.125% 11-29	0.9

##### DBR 0.500% 02-25	0.8

##### UBS TR 11-26	0.8

##### ANNGR 1.500% 06-26	0.8

##### SABSM TR 11-25	0.8

##### VW TR	0.7

##### FIS 1.500% 05-27	0.7

##### BNP TR 04-27	0.7
Total	10.0
Total number of holdings in portfolio	270
|  |
| --- |
| BREAKDOWN BY	Fund Index Fund Index MATURITY	 %	 Duration |
| <1 Y | 6.2 | 2.0 | 0.1 | 0.0 |
| 1-3 Y | 23.6 | 27.6 | 0.5 | 0.6 |
| 3-5 Y | 31.5 | 28.1 | 0.9 | 1.1 |
| 5-7 Y | 21.4 | 18.7 | 1.2 | 1.1 |
| 7-10 Y | 7.7 | 15.5 | 1.3 | 1.2 |
| 10-15 Y | 5.6 | 5.4 | 0.6 | 0.6 |
| >15 Y | 1.4 | 2.6 | 0.2 | 0.4 |
| Cash & cash equivalent | 2.5 | 0.0 | 0.0 |  |

Banks	31.2	29.3
Utilities	9.7	10.1
Automobiles & Parts	7.1	6.0
Health Care	6.9	6.1
Real Estate	6.9	5.8
Telecommunications	4.7	6.1
| Insurance | 4.4 | 4.4 |
| --- | --- | --- |
| Industrial Goods & Services | 4.1 | 5.1 |
| Food & Beverage | 4.0 | 5.0 |

Modified Duration	4.8	4.8
Average Coupon	0.7	1.0
Yield to Maturity	2.5	2.3
| CREDIT QUALITY | Fund % | Index % |  |
| --- | --- | --- | --- |
| AAA | 3.8 | 0.3 | MANAGEMENT |


##### Source : Loomis Sayles - Modified Duration, Yield to Maturity.
Management Company
NATIXIS INVESTMENT MANAGERS S.A.
Investment Manager
LOOMIS SAYLES & COMPANY LP
Loomis Sayles & Company has served the needs of institutional and individual investors for more than
80 years. As an actively managed, multi-style investment manager, the firm offers both traditional and highly specialized asset classes. Employing an opportunistic approach, balanced with disciplined, bottom-up research and quantitative risk analysis, the investment teams strive to produce above- average returns across asset classes and categories.

##### [AA+;AA-]	3.5	8.6

##### [A+;A-]	34.4	40.6

##### [BBB+;BBB-]	51.8	50.4

##### [BB+;BB-]	2.7	0.1

##### NR	1.3	0.0

##### Cash & cash equivalent	2.5	0.0
Credit Quality reflects the average credit rating assigned to individual holdings of the fund among Moody's, S&P's and Fitch Ratings
United States	19.4	18.9
Germany	15.2	14.9
France	12.0	20.9
Boston
1926
Headquarters
Founded
Netherlands	9.1	6.0
United Kingdom	8.8	8.1
Switzerland	6.2	3.1
U.S $363.1/ €319.3
(31/12/2021)
Spain	4.2	5.4
Assets Under Management (Billion)
Italy	3.8	4.9
Belgium	3.3	2.0
Portfolio Managers
Pim van Mourik Broekman, CFA; began investment career in 2000; joined Loomis Sayles in 2020; MSc, Wageningen University, The Netherlands.
Sweden	2.7	2.6
Norway	2.4	1.1
Ireland	2.1	0.9
Luxembourg	1.8	0.9
| Finland | 1.6 | 1.0 | Rik den Hartog, CFA; began investment career 2007; |
| --- | --- | --- | --- |
| New Zealand | 1.0 | 0.3 | joined Loomis Sayles in 2020; MSc, Erasmus University Rotterdam, The Netherlands. |

Austria	1.8	1.3
Luuk Cummins, CFA; began investment career in 2011; joined Loomis Sayles in 2020; MSc, Erasmus University Rotterdam, The Netherlands.
Marco Zanotto, CFA; began investment career in 2017; joined Loomis Sayles in 2020; BA, Università degli Studi di Trieste; MSc, Erasmus University Rotterdam,The Netherlands.
Quirijn Landman, CFA; began investment career in 2011; joined Loomis Sayles in 2020; MSc, Delft University of Technology,The Netherlands.
Ronald Schep; began investment career in 2009; joined Loomis Sayles in 2020; MSc, Erasmus University Rotterdam,The Netherlands.
Japan	0.9	1.6
Canada	0.5	0.9
Denmark	0.3	1.4
Bermudas Islands	0.2	0.1
Australia	0.1	1.9
China	0.1	0.7
Portugal	0.0	0.4
| Poland | 0.0 | 0.1 |
| --- | --- | --- |
| Romania | 0.0 | 0.1 |
| Czech Republic | 0.0 | 0.2 |

Mexico	0.0	0.2
United Arab Emirates	0.0	0.2
| Government Bonds | 3.8 | 0.0 |  | Other countries | 0.0 | 0.3 | Sipke Moes, CFA; began investment career in 2011; |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Financial Services | 3.1 | 2.4 |  | Cash & cash equivalent | 2.5 | 0.0 | joined Loomis Sayles in 2020; BA and MSc, |
| Chemicals | 2.6 | 2.0 |  |  |  | in % of AuM | University of Groningen,The Netherlands. |
| Technology | 2.3 | 2.8 |  |  |  |  |  |
| Infrastructure | 2.0 | 3.1 |  |  |  |  |  |
| Personal & Household Goods | 2.0 | 2.7 |  |  |  |  |  |
| Construction & Materials | 1.7 | 1.3 |  |  |  |  |  |
| Media | 1.0 | 1.4 |  |  |  |  |  |
| Travel & Leisure | 0.8 | 0.9 |  |  |  |  |  |
| Retail | 0.6 | 0.7 |  |  |  |  |  |
| Basic Resources | 0.0 | 0.4 |  |  |  |  |  |
| Oil & Gas | 0.0 | 4.4 |  |  |  |  |  |
| CDS Cash Leg | -1.1 | 0.0 |  |  |  |  |  |
| Cash & cash equivalent | 2.1 | 0.0 |  |  |  |  |  |


##### Source : Loomis Sayles	iBoxx Nomenclature

##### Source: Natixis Investment Managers International unless otherwise indicated
INFORMATION
Prospectus Enquiries

##### E-mail	ClientServicingAM@natixis.com

##### Due to active management, portfolio characteristics are subject to change. References to specific securities or industries should not be considered a recommendation.

Translation (ENDE, 2022-07-29):
# PORTFOLIOSTRUKTUR ZUM 29/07/2022
VERMÖGENSALLOKATION	Fonds %
Festverzinsliche Anleihen	70,2
revidierbar verzinsliche Anleihen	26,5
Variabel verzinsliche Anleihen	0,8
Liquidität	2,5
Gesamt	100,0
| außerbilanzielle Futures / Optionen | Posten 2,4 |
| --- | --- |
| Sonstige Derivate | 0,0 |
| Gesamt | 2,4 |
|  | in % des Nettovermögens |
| TOP 10 | Fonds % |
| DBR 4.000% 01-37 | 2,7 |
| VW 0.875% 01-28 | 0,9 |
| TENN 2.125% 11-29 | 0,9 |
| DBR 0.500% 02-25 | 0,8 |
| UBS TR 11-26 | 0,8 |
| ANNGR 1.500% 06-26 | 0,8 |
| SABSM TR 11-25 | 0,8 |
| VW TR | 0,7 |
| FIS 1.500% 05-27 | 0,7 |
| BNP TR 04-27 | 0,7 |
| Gesamt | 10,0 |
| Anzahl der Positionen im Portfolio | 270 |

| AUFTEILUNG NACH	Fonds Index Fonds Index LAUFZEIT	 %	 Sensitivität |
| --- |
| <1 jahr | 6,2 | 2,0 | 0,1 | 0,0 |
| 1-3 jahre | 23,6 | 27,6 | 0,5 | 0,6 |
| 3-5 jahre | 31,5 | 28,1 | 0,9 | 1,1 |
| 5-7 jahre | 21,4 | 18,7 | 1,2 | 1,1 |
| 7-10 jahre | 7,7 | 15,5 | 1,3 | 1,2 |
| 10-15 jahre | 5,6 | 5,4 | 0,6 | 0,6 |
| >15 jahre | 1,4 | 2,6 | 0,2 | 0,4 |
| Liquidität & Sonstige | 2,5 | 0,0 | 0,0 |  |

| Versorger | 9.7 | 10.1 |
| --- | --- | --- |
| Autos und Teile | 7.1 | 6.0 |
| Gesundheitswesen | 6.9 | 6.1 |
| Immobilien | 6.9 | 5.8 |

Essen & Getränke	4.0	5.0
|  | Neuseeland | 1,0 | 0,3 | Jahr 2020; MSc, Universität Wageningen, |
| --- | --- | --- | --- | --- |
| AUFTEILUNG NACH	Fonds % Index % | Japan | 0,9 | 1,6 | Niederlande. |
| BRANCHEN | Kanada | 0,5 | 0,9 | Rik den Hartog, CFA; Beginn der Investitionskarriere |
| Banken	31.2	29.3 | Danemark | 0,3 | 1,4 | im Jahr 2007; Loomis Sayles im Jahr 2020; MSc, |

| Telekom. | 4.7 | 6.1 |  | Polen | 0,0 | 0,1 | Università degli Studi di Trieste; MSc, Erasmus |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Versicherung | 4.4 | 4.4 |  | Rumänien | 0,0 | 0,1 | University Rotterdam, Niederlande. |
| Industriegüter & | 4.1 | 5.1 |  | République Tchèque | 0,0 | 0,2 | Quirijn	Landman,	CFA;	Beginn	der |
| Dienstleistungen | Vereinigte Arabische Emirate | 0,0 | 0,2 | Investitionskarriere im Jahr 2011; Loomis Sayles im |

| Staatsanleihen | 3.8 | 0.0 |
| --- | --- | --- |
| Finanzdienstleistungen | 3.1 | 2.4 |
| Chemikalien | 2.6 | 2.0 |
| Technologie | 2.3 | 2.8 |
| Infrastruktur | 2.0 | 3.1 |
| Persönliche und | 2.0 | 2.7 |
| Baumaterialien | 1.7 | 1.3 |
| Medien | 1.0 | 1.4 |
| Reisen & Freizeit | 0.8 | 0.9 |
| Einzelhandel | 0.6 | 0.7 |
| Grundkonsumgüter | 0.0 | 0.4 |
| Erdöl und Erdgas | 0.0 | 4.4 |
| CDS Cash | -1.1 | 0.0 |
| Liquidität & Sonstige | 2.1 | 0.0 |

Haushaltswaren

##### Quelle : Loomis Sayles	Nomenklatur iBoxx
Modifizierte Duration	4,8	4,8
Durchschnittlicher Kupon	0,7	1,0
Rendite auf Verfall	2,5	2,3

##### Quelle : Loomis Sayles - Modifizierte Duration, Rendite auf Verfall.
| BONITÄT | Fonds % | Index % |
| --- | --- | --- |
| AAA | 3,8 | 0,3 |
| [AA+;AA-] | 3,5 | 8,6 |
| [A+;A-] | 34,4 | 40,6 |
| [BBB+;BBB-] | 51,8 | 50,4 |
| [BB+;BB-] | 2,7 | 0,1 |
| NR | 1,3 | 0,0 |
| Liquidität & Sonstige | 2,5 | 0,0 |
| Durchschnittliche Rating-Agenturen die Ausgabe S & P, Moodys und Fitch; Transkription Nomenklatur von S & P |
| GEOGRAFISCHE AUFTEILUNG NACH	Fonds %	Index % LÄNDERN |
| USA | 19,4 | 18,9 |
| Deutschland | 15,2 | 14,9 |

| Frankreich | 12,0 | 20,9 |
| --- | --- | --- |
| Niederlande | 9,1 | 6,0 |
| Großbritannien | 8,8 | 8,1 |
| Schweiz | 6,2 | 3,1 |
| Spanien | 4,2 | 5,4 |
| Italien | 3,8 | 4,9 |
| Belgien | 3,3 | 2,0 |
| Schweden | 2,7 | 2,6 |
| Norwegen | 2,4 | 1,1 |
| Irland | 2,1 | 0,9 |
| Luxemburg | 1,8 | 0,9 |
| Österreich | 1,8 | 1,3 |
| Finlande | 1,6 | 1,0 |

Erasmus Universität Rotterdam, Niederlande.
Luuk Cummins, CFA; Beginn der Investitionskarriere im Jahr2011; Loomis Sayles im Jahr 2020; MSc, Erasmus University Rotterdam, Niederlande.
Marco Zanotto, CFA; Beginn der Investitionskarriere im Jahr 2017; Loomis Sayles im Jahr 2020; BA,
Portfoliomanager
Pim van Mourik Broekman, CFA; Beginn der Investitionskarriere im Jahr 2000; Loomis Sayles im
U.S $363.1/ €319.3
(31/12/2021)
Verwaltetes Vermögen (Milliarden)
Boston
1926
Hauptsitz
Gegründet
Bermudes	0,2	0,1
Australien	0,1	1,9
| China | 0,1 | 0,7 |
| --- | --- | --- |
| Portugal | 0,0 | 0,4 |
| Mexiko | 0,0 | 0,2 |

Jahr 2020; MSc, Delft University of Technology, Niederlande.
Ronald Schep; Beginn der Investitionskarriere im Jahr 2009; Loomis Sayles im Jahr 2020; MSc, Erasmus University Rotterdam, Niederlande.
Sipke Moes, CFA; Beginn der Investitionskarriere im Jahr 2011; Loomis Sayles im Jahr 2020; BA and MSc, University of Groningen, Niederlande.
Sonstige Länder	0,0	0,3
Liquidität & Sonstige	2,5	0,0

##### in % des Nettovermögens
INFORMATION
Verkaufsprospekt Anfrage

##### E-Mail	ClientServicingAM@natixis.com

##### Aufgrund des aktiven Verwaltungsstils können die Merkmale des Portfolios sich ändern. Der Verweis auf bestimmte Wertpapiere oder Branchen sollte nicht als Empfehlung angesehen werden