NGAM Investment Funds U.K. ICVC - Loomis Sayles U.S. Equity Leaders Fund N/A(GBP)
Rated Fund 2018-19. Focuses on quality large companies
A focus on quality and capital protection means Loomis Sayles US Equity Leaders should hold up better than its average peer in down markets.
It 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 was appointed chief investment officer of its growth equity strategies team in 2018.
He runs a high-conviction portfolio of 30 to 40 stocks with a bias towards large companies. Together with a team of dedicated analysts, he employs 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. Over the past year, the fund reduced its exposure to technology from 46% to 27%, but this is still overweight versus the S&P 500 index, which has an allocation of less than 21%.
The fund significantly differs from the index, but this has not historically resulted in higher volatility compared with peers, due to a diversified portfolio of companies with different business drivers. At least 80% of assets must be in US companies. The fund had almost 7% in Europe and 6% in Asia at the end of 2018.
Narrative and ratings content all as of January 2019.See all Money Observer rated funds
|Visa Inc Class A||7.11 %|
|Amazon.com Inc||6.29 %|
|Facebook Inc A||5.70 %|
|Alibaba Group Holding Ltd ADR||5.14 %|
|Oracle Corp||4.75 %|
|Starbucks Corp||4.11 %|
|Microsoft Corp||3.99 %|
|Autodesk Inc||3.83 %|
|Procter & Gamble Co||3.40 %|
|Monster Beverage Corp||3.38 %|
|United States||86.18 %|
|Asia - Emerging||6.69 %|
|Consumer Cyclical||19.45 %|
|Consumer Defensive||14.59 %|
|Financial Services||12.22 %|
Aziz V. Hamzaogullari is an Executive Vice President and a member of the Board of Directors of Loomis, Sayles & Company, L.P. 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. 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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