# PORTFOLIO ANALYSIS AS OF 30/09/2021
ASSET ALLOCATION	Fund %
CHARACTERISTICS	Fund	Index
SHARE CLASS : S/A (EUR)	
FEES	
All-in-Fee	0.40%
Max. Sales Charge	3.00%
Fixed-rate bonds	76.7
Adjustable-rate bonds	19.4
Cash	3.9
Total	100.0
Modified Duration	5.4	5.3
Average Coupon	0.8	1.2
Yield to Maturity	0.4	0.4
Max. Redemption Charge	-
	or equivalent
Minimum Investment	5,000,000 EUR

##### NAV (30/09/2021)	10.09 EUR
Futures / Options
Off-balance sheet
-2.9

###### Source : Loomis Sayles - Modified Duration, Yield to Maturity.

## MANAGEMENT
Management Company

##### NATIXIS INVESTMENT MANAGERS S.A.
Investment Manager

##### LOOMIS SAYLES & COMPANY LP
Loomis Sayles & Company has served the needs of
|  |  |  |  |  |
| --- | --- | --- | --- | --- |
| Total | -2.9 | CREDIT QUALITY | Fund % | Index % |
|  | in % of AuM |  |  |  |
| TOP 10 HOLDINGS | Fund % | AAA [AA+;AA-] | 3.3 5.4 | 0.3 8.2 |
| DBR 4.000% 01-37 | 3.3 | [A+;A-] | 33.0 | 39.1 |
| VVOYHT 1.625% 03-25 | 1.3 | [BBB+;BBB-] | 48.9 | 52.4 |
| BNP TR 04-27 | 1.2 | [BB+;BB-] | 2.8 | 0.0 |


###### TMO 1.375% 09-28	1.1

###### ENGIFP 1.375% 06-28	1.0

###### AAPL 1.625% 11-26	1.0

###### BMW 0.750% 04-24	1.0

###### NOVNVX 0% 09-28	1.0

###### RABOBK 1.375% 02-27	0.9

###### EOANGR 1.000% 04-25	0.9
Total	12.7
Total number of holdings in portfolio	220

##### <1 Y	0.9	1.5	0.0	0.0

###### NR	2.7	0.0

###### Cash & cash equivalent	3.9	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	20.9	18.9
Germany	18.0	15.2
France	14.3	21.3
Switzerland	8.1	3.3
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.
Headquarters	Boston
Founded	1926
1-3 Y	19.5 24.7	0.4	0.5
3-5 Y	25.8 26.3	1.0	1.0
5-7 Y	27.1 21.4	1.2	1.2
United Kingdom	8.0	8.1
Netherlands	5.9	5.4
Spain	3.7	5.7
Italy	3.2	4.7
Assets Under Management (Billion)
Portfolio Managers

##### U.S $357.8/ €301.6
(30/06/2021)

##### 7-10 Y	12.8 16.0	1.3	1.3
10-15 Y	5.9	7.0	0.6	0.7
Cash & cash equivalent	3.9	0.0	0.0
|  |  |  |
| --- | --- | --- |
| SECTOR BREAKDOWN | Fund % | Index % |
| Banking | 24.5 | 23.8 |
| Healthcare | 8.7 | 6.2 |
| Utility | 7.7 | 8.8 |
| Finance & investment | 7.7 | 6.6 |
| Real Estate | 6.1 | 5.6 |
| Automotive | 6.0 | 6.4 |
| Telecommunications | 5.4 | 6.1 |
| Basic Industry | 4.7 | 4.2 |
| Transportation | 3.7 | 3.9 |
| Insurance | 3.6 | 4.5 |
| Capital Goods | 3.5 | 4.0 |
| Consumer Goods | 3.3 | 4.6 |
| Sovereign | 3.3 | 0.0 |
| Retail | 2.5 | 2.0 |
| Technology & Electronics | 1.6 | 2.6 |
| Consumer Cyclical | 1.5 | 1.9 |
| Services | 1.0 | 1.3 |
| Energy | 0.7 | 6.0 |
| Leisure | 0.4 | 0.2 |
| Media | 0.4 | 1.1 |
| Asset backed | 0.0 | 0.1 |
| Local-Authority | 0.0 | 0.2 |
| Cash & cash equivalent | 3.9 | 0.0 |


###### Merrill Lynch Nomenclature
Belgium	2.2	1.9
Finland	1.9	1.0
| >15 Y | 4.0 | 3.2 | 0.6 | 0.5 | Sweden | 1.6 | 2.4 | Rik den Hartog, CFA; began investment career 2007; |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |

Austria	1.8	1.5
Norway	1.4	1.1
| Luxembourg | 1.1 | 0.7 |
| --- | --- | --- |
| Australia | 0.8 | 1.9 |
| New Zealand | 0.6 | 0.2 |
| Canada | 0.5 | 0.7 |
| Japan | 0.5 | 1.3 |
| Ireland	0.5	0.9 Bermudas Islands	0.4	0.1 Mexico	0.3	0.2 Denmark	0.3	1.2 Portugal	0.0	0.3 Romania	0.0	0.1 |
| Russia | 0.0 | 0.4 |
| Czech Republic | 0.0 | 0.3 |
| China | 0.0 | 0.5 |
| United Arab Emirates	0.0	0.1 Other countries	0.0	0.5 Cash & cash equivalent	3.9	0.0 |


###### in % of AuM
Pim van Mourik Broekman, CFA; began investment career in 2000; joined Loomis Sayles in 2020; MSc, Wageningen University, The Netherlands.
joined Loomis Sayles in 2020; MSc, Erasmus University Rotterdam, The Netherlands.
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.
Sipke Moes, CFA; began investment career in 2011; joined Loomis Sayles in 2020; BA and MSc, University of Groningen,The Netherlands.

###### Source: Natixis Investment Managers International unless otherwise indicated

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

### INFORMATION

#### Prospectus Enquiries

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

Translation (ENDE, 2021-09-30):
# PORTFOLIOSTRUKTUR ZUM 30/09/2021
VERMÖGENSALLOKATION	Fonds %
Festverzinsliche Anleihen	76,7
revidierbar verzinsliche Anleihen	19,4
Liquidität	3,9
Gesamt	100,0
außerbilanzielle Posten
Futures / Optionen	-2,9
Gesamt	-2,9

##### in % des Nettovermögens
| TOP 10 | Fonds % |
| --- | --- |
| DBR 4.000% 01-37 | 3,3 |
| VVOYHT 1.625% 03-25 | 1,3 |
| BNP TR 04-27 | 1,2 |
| TMO 1.375% 09-28 | 1,1 |
| ENGIFP 1.375% 06-28 | 1,0 |
| AAPL 1.625% 11-26 | 1,0 |
| BMW 0.750% 04-24 | 1,0 |
| NOVNVX 0% 09-28 | 1,0 |
| RABOBK 1.375% 02-27 | 0,9 |
| EOANGR 1.000% 04-25 | 0,9 |
| Gesamt | 12,7 |
| Anzahl der Positionen im Portfolio | 220 |

<1 jahr	0,9	1,5	0,0	0,0
1-3 jahre	19,5 24,7	0,4	0,5
3-5 jahre	25,8 26,3	1,0	1,0
5-7 jahre	27,1 21,4	1,2	1,2
7-10 jahre	12,8 16,0	1,3	1,3
Modifizierte Duration	5,4	5,3
Durchschnittlicher Kupon	0,8	1,2
Rendite auf Verfall	0,4	0,4

##### Quelle : Loomis Sayles - Modifizierte Duration, Rendite auf Verfall.
| BONITÄT | Fonds % | Index % |
| --- | --- | --- |
| AAA | 3,3 | 0,3 |
| [AA+;AA-] | 5,4 | 8,2 |
| [A+;A-]	33,0	39,1 [BBB+;BBB-]	48,9	52,4 [BB+;BB-]	2,8	0,0 NR	2,7	0,0 Flüssige mittel	3,9	0,0 |

Durchschnittliche Rating-Agenturen die Ausgabe S & P, Moodys und Fitch;
Transkription Nomenklatur von S & P
USA	20,9	18,9
Deutschland	18,0	15,2
Frankreich	14,3	21,3
Boston
1926
Hauptsitz
Gegründet
Schweiz	8,1	3,3
Großbritannien	8,0	8,1
Niederlande	5,9	5,4
U.S $357.8/ €301.6
(30/06/2021)
Spanien	3,7	5,7
Verwaltetes Vermögen (Milliarden)
Italien	3,2	4,7
Belgien	2,2	1,9
| 10-15 jahre | 5,9 | 7,0 | 0,6 | 0,7 |  | Österreich | 1,8 | 1,5 | Portfoliomanager |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| >15 jahre | 4,0 | 3,2 | 0,6 | 0,5 |  | Schweden | 1,6 | 2,4 | Pim van Mourik Broekman, CFA; Beginn der |

Finlande	1,9	1,0
Flüssige mittel	3,9	0,0	0,0
| RÉPARTITION	Fonds % Index % SECTORIELLE |
| --- |
| Banken | 24,5 | 23,8 |
| Gesundheitswesen | 8,7 | 6,2 |
| Versorger | 7,7 | 8,8 |
| Finance & investment | 7,7 | 6,6 |
| Immobilien | 6,1 | 5,6 |
| Automotive | 6,0 | 6,4 |
| Telekommunikation	5,4	6,1 Basisindustrie	4,7	4,2 |
| Transportarten | 3,7 | 3,9 |
| Assurance | 3,6 | 4,5 |
| Investitionsgüter | 3,5 | 4,0 |
| Consumer Goods | 3,3 | 4,6 |
| Regierung | 3,3 | 0,0 |
| Einzelhandel | 2,5 | 2,0 |
| Technologie und elektronische | 1,6 | 2,6 |
| Zyklische Konsumgüter | 1,5 | 1,9 |
| Dienstleistungen | 1,0 | 1,3 |
| Energie | 0,7 | 6,0 |
| Leisure | 0,4 | 0,2 |
| Médias | 0,4 | 1,1 |
| Gemeinde | 0,0 | 0,2 |
| Securized | 0,0 | 0,1 |
| Schatzkammer | 3,9 | 0,0 |


##### Nomenclature Merrill Lynch
| Norwegen | 1,4 | 1,1 |
| --- | --- | --- |
| Luxemburg | 1,1 | 0,7 |
| Australien | 0,8 | 1,9 |

Seeland	0,6	0,2
Investitionskarriere im Jahr 2000; Loomis Sayles im Jahr 2020; MSc, Universität Wageningen, Niederlande.
Rik den Hartog, CFA; Beginn der Investitionskarriere im Jahr 2007; Loomis Sayles im Jahr 2020; MSc, 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, Università degli Studi di Trieste; MSc, Erasmus University Rotterdam, Niederlande.
Quirijn Landman, CFA; Beginn der Investitionskarriere im Jahr 2011; Loomis Sayles im 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.
Kanada	0,5	0,7
Japan	0,5	1,3
Irland	0,5	0,9
Bermudes	0,4	0,1
Mexiko	0,3	0,2
Danemark	0,3	1,2
Portugal	0,0	0,3
Rumänien	0,0	0,1
Russland	0,0	0,4
République Tchèque	0,0	0,3
China	0,0	0,5
Vereinigte Arabische Emirate	0,0	0,1
Sonstige Länder	0,0	0,5
Flüssige mittel	3,9	0,0

##### in % des Nettovermögens

##### Datenquelle : Natixis Investment Managers International soweit nicht anders angegeben

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