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

US Equities

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
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
4
3 Year Sharpe
1.35
3 Year Alpha
-0.57
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 6.71 %
Visa Inc Class A 6.34 %
Facebook Inc A 5.87 %
Alibaba Group Holding Ltd ADR 5.46 %
Oracle Corp 4.94 %
Autodesk Inc 4.66 %
Qualcomm Inc 3.72 %
Microsoft Corp 3.70 %
Starbucks Corp 3.20 %
Monster Beverage Corp 3.19 %
Region %
United States 86.61 %
Asia - Emerging 6.99 %
Sector %
Technology 36.80 %
Consumer Cyclical 19.04 %
Consumer Defensive 13.11 %
Financial Services 11.44 %
Healthcare 11.14 %
Industrials 6.76 %
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 the chief investment officer and founder of the Growth Equity Strategies Team at Loomis, Sayles & Company ("Loomis Sayles "). He is the 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. Aziz earned a BS from Bilkent University, Turkey, and an MBA from George Washington University. He is also a member of CFA Society Boston.

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