Loomis Sayles Global Equity and Income Fund
Transcription
Loomis Sayles Global Equity and Income Fund
Q1 | March 31, 2015 Loomis Sayles Global Equity and Income Fund Fund Highlights Morningstar Rating • An equity and fixed-income world allocation fund with the flexibility to capitalize on global opportunities • Management team – Dan Fuss, David Rolley, Eileen Riley and Lee Rosenbaum – has more than 100 years’ combined investment experience • May be suitable for investors seeking enhanced return potential and global diversification, with the ability to take on risks of global investing World Allocation – Class Y † Average annualized total returns Class A at NAV Class A with 5.75% maximum sales charge Class Y MSCI World Index3 Citigroup World Government Bond Index4 Overall out of 459 funds Three years out of 459 funds 3 months 3.64% 1 year 6.90% 3 years 8.64% 5 years 10.55% 10 years 8.96% -2.32 0.78 6.53 9.25 8.31 3.67 2.45 7.17 6.60 8.90 12.82 10.83 10.62 9.23 6.98 -2.51 -5.50 -1.64 1.42 3.09 Five years out of 327 funds Ten years out of 166 funds Calendar year returns 2005 2006 2010 2011 2012 2013 2014 Class A at NAV (%) 12.08 10.81 26.14 -39.34 42.09 21.46 -0.94 15.17 15.99 3.20 MSCI World Index (%)3 10.02 20.65 -5.02 16.54 27.37 5.50 Citigroup World Government Bond Index (%)4 Overall rating derived from weighted average of the 3-, 5- and 10-year (if applicable) Morningstar Rating metrics; other ratings based on risk-adjusted returns. 2007 9.57 2008 2009 -40.33 30.79 12.34 Share Class Ticker Cusip Class A Class C Class Y LGMAX LGMCX LSWWX 46602Q-10-7 46602Q-20-6 543487-87-0 Class A maximum sales charge of 5.75% Class C maximum CDSC of 1.00% Fund Facts Objective -6.88 6.12 10.95 10.89 2.55 5.17 6.35 1.65 -4.00 ★★★★ ★★★★ ★★★★★ ★★★★ -0.48 Seeks high total investment return through a combination of capital appreciation and current income Investment return – Hypothetical growth of $10,000 investment2 Total net assets $1.2 billion $28,000 Inception date 5/1/1996 $24,000 Number of holdings 489 Turnover as of 9/30/2014 49% $23,577 $20,000 $16,000 Distribution frequency $12,000 Gross Expense Ratios (A/Y) $8,000 1 Net Expense Ratios (A/Y) $4,000 $0 Annual 1 3/05 3/06 3/07 3/08 3/09 3/10 3/11 3/12 3/13 3/14 1.16%/0.91% 1.16%/0.91% 3/15 Performance data quoted represents past performance and is no guarantee of future results. Total return and value will vary, and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. For most recent month-end performance, visit ngam.natixis.com. Performance for other share classes will be greater or less than shown based on differences in fees and sales charges. You may not invest directly in an index. †Performance for periods less than one year is cumulative, not annualized. Returns reflect changes in share price and reinvestment of dividends and capital gains, if any. 1 As of the most recent prospectus, the investment advisor has contractually agreed to waive fees and/or reimburse expenses (with certain exceptions) once the expense cap of the fund has been exceeded. This arrangement is set to expire on 1/31/16. When an expense cap has not been exceeded, the gross and net expense ratios may be the same. 2 This chart tracks hypothetical growth of a $10,000 investment in Class A shares without the effect of sales charges. If the maximum sales charge were included, returns would have been lower. Prior to the inception of Class A shares (02/01/06), performance is that of Class Y shares, restated to reflect the higher net expenses and sales loads of Class A shares. Not all share classes are available for purchase by all investors. See the prospectus for more details. For funds at least three years old, Morningstar calculates ratings based on a Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Past performance is no guarantee of future results. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. Overall ratings are derived from a weighted average of the performance figures associated with three-, five-, and ten-year (if applicable) Morningstar metrics. Past performance is no guarantee of future results. © 2015 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Q1 | March 31, 2015 Loomis Sayles Global Equity and Income Fund Manager Overview Portfolio Overview Portfolio composition5 Top ten equity holdings6 % of Portfolio Company Investment Manager % of Portfolio U.S. Equity 37.55 1. AutoZone, Inc. 2.60 Non-U.S. Equity 31.39 U.S. Bonds 15.06 2. Valeant Pharmaceuticals International, Inc. 2.55 Non-U.S. Bonds 13.37 3. TransDigm Group, Inc. 2.51 4. Actavis PLC 2.37 5. Roche Holding AG 2.03 6. Priceline Group, Inc. (The) 1.98 7. CGI Group, Inc., Class A 1.96 8. Legal & General Group PLC 1.75 9. London Stock Exchange Group PLC 1.67 10. Goldman Sachs Group, Inc. (The) 1.61 Cash & Equivalents 1.92 Top ten countries Country 1. United States % of Portfolio 50.11 2. Canada 5.20 3. Japan 4.42 4. United Kingdom 4.36 5. Cayman Islands 3.50 6. India 3.39 7. Ireland 2.37 8. Switzerland 2.08 9. Italy 1.84 10. Germany 1.71 Loomis, Sayles & Company has served the needs of institutional and individual investors for more than 80 years. An active, 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, MA Founded: 1926 Assets under management: $224.8 billion (as of 12/31/2014)7 Portfolio Managers8 Daniel Fuss, CFA®, CIC David W. Rolley, CFA® Top five currencies Currency 1. U.S. Dollars % of Portfolio 64.09 2. Euro 9.54 3. Japanese Yen 5.71 4. British Pound Sterling 4.68 5. Indian Rupee 3.24 Eileen N. Riley, CFA® Lee M. Rosenbaum Risks Because the fund can invest a significant percentage of assets in foreign securities, the value of the fund shares can be adversely affected by changes in currency exchange rates, political, and economic developments. In emerging markets these risks can be significant. The fund is subject to currency risk, which is the risk that fluctuations in exchange rates between the U.S. dollar and foreign currencies may cause the value of a fund’s investments to decline. Funds that invest in securities denominated in, or receive revenues in, foreign currency are subject to currency risk. Accordingly, the purchase of fund shares should be viewed as a long-term investment. Because the fund can invest a significant percentage of assets in debt securities that are rated below investment grade, the value of fund shares can be adversely affected by changes in economic conditions or other circumstances. These events could reduce or eliminate the capacity of issuers of these securities to make principal and interest payments. Lower-rated debt securities have speculative characteristics because of the credit risk of their issuers and may be subject to greater price volatility than higher-rated investments. In addition, the secondary market for these securities may lack liquidity which, in turn, may adversely affect the value of these securities and that of the fund. Mutual funds that invest in bonds can lose their value as interest rates rise, and an investor can lose principal. 3 MSCI World Index is an unmanaged index that is designed to measure the equity market performance of developed markets. MSCI World Index, which is an unmanaged index of common stocks of companies representative of the market structure of 22 developed market countries in North America, Europe, and the Asia/Pacific Region. The index is calculated without dividends, with net or with gross dividends reinvested, in both U.S. dollars and local currencies. You may not invest directly in an index. 4 The Citigroup World Government Bond Index is a market capitalization weighted bond index consisting of the government bond markets of the multiple countries. Country eligibility is determined based upon market capitalization and investability criteria. The index includes all fixed-rate bonds with a remaining maturity of one year or longer and with amounts outstanding of at least the equivalent of US$25 million. Government securities typically exclude floating or variable rate bonds, US/Canadian savings bonds and private placements. 5 Greater than 100% if market value exceeds total assets less liabilities. 6 The portfolio is actively managed and holdings are subject to change. References to specific securities or industries should not be considered a recommendation. For current holdings, please visit our website. 7 Assets under management (AUM) may include assets for which non-regulatory AUM services are provided. Non-regulatory AUM includes assets which do not fall within the SEC's definition of 'regulatory AUM' in Form ADV, Part 1. 8 CFA® and Chartered Financial Analyst® are registered trademarks owned by the CFA Institute. Before investing, consider the fund’s investment objectives, risks, charges, and expenses. Visit ngam.natixis.com or call 800-225-5478 for a prospectus or a summary prospectus containing this and other information. Read it carefully. NGAM Distribution, L.P. is a limited purpose broker-dealer and the distributor of various registered investment companies for which advisory services are provided by affiliates of Natixis Global Asset Management, S.A. • NGAM Distribution, L.P. is located at 399 Boylston Street, Boston, MA 02116. • 800-225-5478 • ngam.natixis.com NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE 966229.1.4 LSGM59-0315