Pramila Agrawal, PHD, CFA
Head of Custom Income Strategies, Portfolio Manager
The Custom Income Strategies (CIS) team is dedicated to managing customized complex portfolios for fixed income managed account clients. In short, the CIS team works with you to offer a distinct, alpha generating solution that seeks to meet your specific needs. Watch the video to learn how the team develops solutions for clients by identifying investment objectives, risk tolerance, capital preservation needs and liquidity preferences.
A unique team solving for unique client objectives. Watch to see how the Loomis Sayles Custom Income Strategies team meets the need for custom fixed income solutions.
The CIS team partners directly with you to design tailored fixed income strategies that aim to generate specific outcomes within the following dimensions: Investment Horizons, Asset Class Exposure, ESG Screening, Tax Efficiency.
With expertise in combining municipals (tax-exempt) and taxable allocations, CIS’s solutions can be customized across the spectrum of asset classes, maturities and credit quality.
The team offers exposure to different fixed income asset classes based on risk tolerance and time horizon.
Three Dimensions of Customization – The goal is to bridge the gap between standard off-the-shelf managed account offerings and highly customized institutional accounts through active management while utilizing similar investment processes.
Descriptions assume normal market conditions. Numbers are approximate.
Conservative portfolios will typically invest in Treasurys, corporates, securitized, tax-exempt municipal (when permitted), and allow up to 5% in emerging markets debt, per client guidelines. Moderate portfolios will typically invest in Treasurys, corporates, securitized, tax-exempt municipal (when permitted), and allow up to 10% in emerging markets debt and 5% in high yield per client guidelines. Enhanced portfolios will typically invest in Treasurys, corporates, securitized, tax-exempt municipal (when permitted), and allow up to 15% in emerging markets debt and 10% in high yield per client guidelines. Hybrid portfolios are a 50/50 blend of one of the conservative, moderate or enhanced taxable portfolios and a municipal portfolio invested in 100% municipal bonds
Conservative credit quality is typically high ( A3), Moderate is medium (Baa1) and Enhanced is low (Baa2).
Plus sectors consist of high yield, securitized credit and emerging markets allocation.
This material is not intended to provide tax, legal, insurance, or investment advice. Please seek appropriate professional expertise for your needs.
Any investment that has the possibility for profits also has the possibility of losses, including the loss of principal.
There is no guarantee that the investment objective will be realized or that the strategy will generate positive or excess return.
Our goal is to bridge the gap between standard off-the-shelf managed account offerings and highly customized institutional accounts through active management while utilizing similar investment processes. Within managed accounts we believe this can be achieved by utilizing the same proprietary fundamental research and investment tools as employed in the management of institutional accounts. This approach affords us the flexibility to offer private clients fixed income products designed to satisfy the client’s risk/return objectives which may extend beyond our standard suite of offerings.
We provide detailed, thoughtful and personalized client service while endeavoring to manage portfolio risk such that we can support both the goals of capital preservation and alpha generation where appropriate. We can also assist with tax-loss harvesting requests and a slow transition to the intended strategy while aiming to limit undue transaction costs.
We provide detailed, thoughtful and personalized client service while helping to manage the risk of the portfolio in a way that lends itself to capital preservation but also seeking to generate additional alpha potential for clients.
CIS is a team dedicated to offering customized portfolios spanning multiple strategies and risk tolerances. They take a collaborative approach to building diversified custom solutions based on client objectives, while leveraging Loomis Sayles’ distinguished credit research capabilities and firm wide resources.
Pramila Agrawal is the head of the custom income strategies (CIS) group at Loomis, Sayles & Company and a portfolio manager for specialized fixed income mandates. She is also a member of the firm’s Board of Directors. Pramila’s areas of expertise include asset allocation, managing book income and tax-aware, cross asset portfolios spanning corporates, municipals and securitized. In her role, she co-manages assets with investment teams and collaborates with clients to design customized solutions. Pramila has over 17 years of investment industry experience and joined Loomis Sayles in 2007 as an analyst in the quantitative research risk analysis group. Later, she joined the relative return team as a strategist and was promoted to portfolio manager for the buy & maintain strategies in 2018. In 2019, Pramila was named head of the CIS group and began managing the municipal bond products in 2021. Prior to Loomis Sayles, she was in a research and development position at Metis Design. Pramila earned a bachelor’s degree in Engineering from Birla Institute of Technology and Science, Pilani, in India, and a master’s of science degree and PhD in Robotics from Vanderbilt University, in Nashville, TN. She is a CFA® charterholder.
CFA® and Chartered Financial Analyst® are registered trademarks owned by the CFA Institute.
Chris Harms is a portfolio manager and co-head of the relative return team at Loomis, Sayles & Company. He co-manages the Loomis Sayles Limited Term Government & Agency and Intermediate Duration Bond funds, in addition to the Natixis Loomis Sayles Short Duration Income ETF. Chris also co-manages the Loomis Sayles Core, Intermediate Duration and Short Duration strategies. He has 44 years of investment industry experience and joined Loomis Sayles in 2010. Previously, Chris was a senior vice president and managing director of an investment management team at CapitalSource Bank. Prior to CapitalSource, he was a managing director and senior fixed income portfolio manager at Mackay Shields. Chris earned a BSBA from Villanova University and an MBA from Drexel University.
Dawn Mangerson is a co-portfolio manager for the municipal bond product suite at Loomis, Sayles & Company. She has 36 years of investment industry experience and joined Loomis Sayles in 2019 as part of the firm’s acquisition of McDonnell Investment Management, where she had most recently served as managing director and director of the municipal portfolio management team. In this role, Dawn managed the team responsible for developing and executing tax-exempt investment strategies for the company’s client portfolios. Previously, she was managing director and senior portfolio manager of the municipal client group. Prior to this, Dawn was managing director and fixed income portfolio manager at ABN AMRO/Chicago Capital Management, where she was responsible for actively managing both taxable and tax-exempt bond portfolios for institutional, mutual fund and private clients. Prior to that, she was a fund manager for INVESCO Funds Group in Denver, where she was responsible for managing a long duration municipal bond fund. Dawn has also held portfolio management positions at NationsBank and Stein Roe & Farnham. She earned a BS in Finance from DePaul.
Connect with our Managed Account experts about how to bring our solutions to your clients. For direct assistance, you can contact us at sma@loomissayles.com
We proudly offer our managed account clients a spectrum of equity, fixed income & custom income strategies designed to meet client’s growing and distinct investment objectives.
Loomis Sayles policy regarding tax harvesting isto use the sponsor’s internal form to transact all tax harvesting requests.
Loomis Sayles policy regarding tax harvesting is to use the sponsor’s internal form to transact all tax harvesting requests.
This marketing communication is provided for informational purposes only and should not be construed as investment advice. Investment decisions should consider the individual circumstances of the particular investor. Any opinions or forecasts contained herein, reflect the subjective judgments and assumptions of the authors only, and do not necessarily reflect the views of Loomis, Sayles & Company, L.P. Investment recommendations may be inconsistent with these opinions. There is no assurance that developments will transpire as forecasted and actual results will be different. Information, including that obtained from outside sources, is believed to be correct, but we cannot guarantee its accuracy. This information is subject to change at any time without notice.
This material is not intended to provide tax, legal, insurance, or investment advice. Please seek appropriate professional expertise for your needs.
Key Risks: Credit Risk, Issuer Risk, Liquidity Risk, Interest Rate Risk, Non-US Securities Risk, Currency Risk, Derivative Risk, Leverage Risk, Counterparty Risk, Prepayment Risk, Extension Risk, Non-Diversified Strategies Risk, Municipal Securities Risk, Models and Data Risk.
Any investment that has the possibility for profits also has the possibility of losses, including the loss of principal.
Diversification does not ensure a profit or guarantee against a loss.
There is no guarantee that the investment objective will be realized or that the strategy will generate positive or excess return.
Past performance is no guarantee of future results.