NGAM Investment Funds U.K. ICVC - Loomis Sayles U.S. Equity Leaders Fund N/A(GBP)

US Equities

New for 2018. Focuses on quality large companies

Loomis Sayles US Equity Leaders is managed by the US-based investment firm Loomis Sayles, a subsidiary of Natixis Global Asset Management. The UK-sold fund was launched in 2013, but manager Aziz Hamzaogullari has been using the same process with largely the same team since 2006, initially at Evergreen and since 2010 at Loomis Sayles.He runs a high-conviction portfolio of 30 to 40 stocks with a bias towards large companies. Together with six dedicated analysts, the team employ a seven-step research framework to identify those few high-quality businesses with sustainable competitive advantages and profitable growth, trading at significant discounts to their estimates of intrinsic value.The fund's sector and stock positioning can differ significantly from the composition of the benchmark. The contrarian nature of the fund means there is little overlap with the index, as demonstrated by an 'active share' of 80 per cent. However, this has not resulted in higher volatility compared with peers, as the manager achieves sufficient diversification by compiling a portfolio of companies with different business drivers.At least 80 per cent of assets must be in US companies. The fund had around 7 per cent in both Europe and Asia at the end of 2017.Morningstar rates the fund and its research-intensive approach. Jonathan Miller, director of manager research ratings, says: 'The strategy should hold up better than its average peer in down markets, helped by the team's focus on quality and capital protection.'

Narrative and ratings content all as of 01 January 2018.

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Name
NGAM Investment Funds U.K. ICVC - Loomis Sayles U.S. Equity Leaders Fund N/A(GBP)
Manager
Natixis Investment Managers S.A.
Type
Open Ended Investment Company
ISIN
GB00B8L3WZ29
Sector
North America
Launched
04/04/2013
OCF
1 %
Risk Rating
3
3 Year Sharpe
1.13
3 Year Alpha
-0.19
Yield
0.1 %
Benchmark
S&P 500 TR GBP
The investment objective of Loomis Sayles U.S. Equity Leaders Fund (the “Fund”) is to achieve long-term growth of capital. The Fund will invest at least 80% of its assets in equity securities of U.S. companies. The Fund focuses on stocks of large capitalisation companies, but the Fund may invest in companies of any size. The Fund’s equity investments include common stocks, preferred stocks and equity-related instruments. The Fund may invest up to 20% of its assets in equity-linked notes1 and convertible bonds issued by U.S. companies as well as common stocks, preferred stocks, equity-linked notes, convertible bonds and other equity-related instruments issued by non-U.S. companies traded on non-U.S. exchanges or as depositary receipts. The Fund may invest no more than 10% of its assets in undertakings for collective investment.
Holding %
Amazon.com Inc 6.68 %
Visa Inc Class A 6.25 %
Alibaba Group Holding Ltd ADR 5.14 %
Oracle Corp 5.01 %
Facebook Inc A 4.76 %
Autodesk Inc 4.45 %
Monster Beverage Corp 3.72 %
Microsoft Corp 3.68 %
Expeditors International of Washington Inc 3.35 %
Regeneron Pharmaceuticals Inc 3.31 %
Region %
United States 86.65 %
Asia - Emerging 6.52 %
Sector %
Technology 32.06 %
Consumer Cyclical 18.59 %
Consumer Defensive 14.36 %
Healthcare 12.75 %
Financial Services 11.68 %
Industrials 8.46 %
Name
Natixis Investment Managers S.A.
Address
1855, Luxembourg
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Aziz Hamzaogullari
Joined 04/04/2013

Aziz Hamzaogullari is a vice president of Loomis, Sayles & Company ("Loomis Sayles ") and portfolio manager of the Loomis Sayles large cap, global and all cap growth strategies, including the Loomis Sayles Growth and Global Growth mutual funds and products outside the US. He is the founder and head of the Loomis Sayles Growth Equity Strategies Team. Aziz joined Loomis Sayles in 2010 from Evergreen Investments where he was a senior portfolio manager. He joined Evergreen in 2001, was promoted to director of research in 2003 and portfolio manager in 2006. Aziz was head of Evergreen’s Berkeley Street Growth Equity team and was the founder of the research and investment process. Prior to Evergreen, Aziz was a senior equity analyst and portfolio manager at Manning & Napier Advisors. He has 24 years of investment industry experience. Aziz earned a BS from Bilkent University, Turkey, and an MBA from George Washington University. He is also a member of CFA Society Boston

Data provided by Morningstar.

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