Loomis Sayles Global Equity aims to provide a rate of return (after fees and expenses and before taxes) which exceeds the return of the Fund’s benchmark over a full market cycle.
The Loomis Sayles Global Equity Fund declined -0.2%, in AUD terms, slightly outperforming the MSCI All Country World Index (Net) which declined -0.4%. The Consumer Staples and Communication Services sectors were the largest contributors on a relative basis, as well as not having exposure to the Utilities sector. The Energy Sector was the largest detractor from relative returns, followed by the Health Care and Information Technology sectors.
What is Loomis Sayles Global Equity Loomis Sayles Global Equity is an Managed Funds investment product that is benchmarked against Developed -World Index and sits inside the Foreign Equity - Large Fundamental Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Loomis Sayles Global Equity has Assets Under Management of 106.42 M with a management fee of 1.23%, a performance fee of 0.00% and a buy/sell spread fee of 0.3%.
How has the investment product performed recently?
The recent investment performance of the investment product shows that the Loomis Sayles Global Equity has returned 2.31% in the last month. The previous three years have returned 9.5% annualised and 14.75% each year since inception, which is when the Loomis Sayles Global Equity first started.
How is risk measured in this investment product?
There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since Loomis Sayles Global Equity first started, the Sharpe ratio is 0.78 with an annualised volatility of 14.75%. The maximum drawdown of the investment product in the last 12 months is -5.64% and -25.19% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.
What is the relative performance of the investment product?
Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The Loomis Sayles Global Equity has a 12-month excess return when compared to the Foreign Equity - Large Fundamental Index of 5.11% and 1.61% since inception.
Does the investment product produce Alpha over its Peers?
Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. Loomis Sayles Global Equity has produced Alpha over the Foreign Equity - Large Fundamental Index of 0.33% in the last 12 months and 0.01% since inception.
What are similar investment products?
For a full list of investment products in the Foreign Equity - Large Fundamental Index category, you can click here for the Peer Investment Report.
What level of diversification will Loomis Sayles Global Equity provide?
Loomis Sayles Global Equity has a correlation coefficient of 0.94 and a beta of 1.07 when compared to the Foreign Equity - Large Fundamental Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.
How do I compare the investment product with its peers?
For a full quantitative report on Loomis Sayles Global Equity and its peer investments, you can click here for the Peer Investment Report.
How do I compare the Loomis Sayles Global Equity with the Developed -World Index?
For a full quantitative report on Loomis Sayles Global Equity compared to the Developed -World Index, you can click here.
Can I sort and compare the Loomis Sayles Global Equity to do my own analysis?
To sort and compare the Loomis Sayles Global Equity financial metrics, please refer to the table above.
Has the Loomis Sayles Global Equity been independently verified by SMSF Mate?
This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.
How can I invest in Loomis Sayles Global Equity?
How do I get in contact with the Loomis Sayles Global Equity?
Comments from SMSF Mates
SMSF Mate does not receive commissions or kickbacks from the Loomis Sayles Global Equity. All data and commentary for this fund is provided free of charge for our readers general information.
Performance Commentary - June 30, 2023 The Loomis Sayles Global Equity Fund returned 8.5% AUD net of fees, outperforming the MSCI All Country World Index (Net) return of 6.8% (also in AUD terms) for the quarter. Performance drivers were broad based, with the majority of sectors contributing to relative results. The Industrials sector was the largest contributor, followed by the Financials and Materials sectors. The Fund’s lack of exposure to the Utilities and Real Estate sectors also contributed to relative returns. Security selection in the Health Care sector was the largest detractor from relative performance.
Performance Commentary - December 31, 2022 The Loomis Sayles Global Equity Fund returned 4.4%, slightly outperforming the MSCI All Country World Index (Net) return of 4.1% (in AUD terms). Security selection in the Information Technology sector was the largest contributor to relative results. The Financials, Industrials, and Materials sectors also contributed on a relative basis. The Consumer Discretionary sector was the largest detractor from relative returns, followed by the Consumer Staples sector. Not having direct exposure to the Energy sector also detracted from relative performance.
Performance Commentary - September 30, 2022 The Loomis Sayles Global Equity Fund and the Loomis Sayles Global Equity Fund (Quoted Managed Fund) returned +0.2% (AUD, net of fees), modestly outperforming the MSCI All Country World Index which declined by -0.3% (also in AUD terms). Security selection in the Consumer Discretionary sector was the largest contributor to relative results. The Industrials, Communication Services and Health Care sectors also contributed on a relative basis. The Information Technology sector was the largest detractor from relative performance, followed by the Financials sector. The Fund’s lack of direct exposure to the Energy sector also detracted on a relative basis.
Performance Commentary - June 30, 2022 The Loomis Sayles Global Equity Fund and the Loomis Sayles Global Equity Quoted Managed Fund declined -11.5% and -11.4% respectively, underperforming the MSCI All Country World Index. Security selection in the Consumer Discretionary sector was the largest detractor from relative results, followed by the Information Technology and Consumer Staples sectors. The Funds lack of direct exposure to the Energy sector also detracted on a relative basis. Security selection in the Materials, Financials and Industrials sectors contributed to relative returns.
Performance Commentary - September 30, 2021 The Loomis Sayles Global Equity Fund returned 3.5% (AUD, net of fees), ahead of the benchmark. The Information Technology sector was the largest contributor on a relative basis, followed by the Communication Services and Health Care sectors. The Consumer Discretionary, Financials and Industrials sectors detracted from relative results. Not having direct exposure to the Energy and Utilities sectors also detracted on a relative basis
Our investment philosophy is predicated on the belief that investing in companies with multiple alpha drivers, where the risks can be quantified, can help deliver outperformance. We follow a disciplined and repeatable process, investing only in opportunities that meet our three alpha drivers: quality, intrinsic value growth and compelling valuation. This bottom-up approach results in a concentrated portfolio of businesses where we fully understand and have quantified the risks associated with each investment. Our scenario analysis, under which we determine a range of business values, is an integral part of this process. Through this framework, we determine the relative attractiveness of our investments to assist in constructing an optimal portfolio.
The economic outlook in large part continues to depend on the successful management of the pandemic on a global scale. While much of the developed world has made demonstrable progress in terms of infection rates, and some emerging markets have gained better control of the virus, there remain parts of the world which continue to struggle to manage the virus (e.g., Africa). The recent increase in vaccine production is positive; but with a lack of consensus on duration of antibodies and the potential for new variants uncertainty persists. The outlook is also reliant on the duration of fiscal and monetary support, and other relief packages, in the US and globally. Supply chain issues and inflation surprises remain risks. Thus, our focus remains on investing in companies we believe have the ability to successfully navigate the current environment and generate value over the longer-term
Performance Commentary - June 30, 2021 The Loomis Sayles Global Equity Fund returned 10.9% (net of fees in AUD terms) over the quarter, outperforming the MSCI All Country World Index return of 9.0% (also in AUD terms). Security selection in the Health Care sector, from companies like IQVIA and Danaher, was the largest contributor to the Fund’s relative performance. The Communication Services, Consumer Staples, and Industrials sectors also helped performance. The Fund’s holdings in Consumer Discretionary names like Airbnb and Alibaba weighed on performance as did the lack of direct exposure to the Energy and Real Estate sectors
Performance Commentary - December 31, 2020 The Loomis Sayles Global Equity Fund rounded out a successful year with a solid return of 2.5% for the December quarter although the Fund lagged its benchmark for the quarter. The Fund’s underweighting to the Financials and Energy sectors weighed most heavily on performance while the Fund’s positioning in the Health Care and Consumer Staples sectors supported the Fund’s relative performance.
The three most significant contributors to performance were Peloton, M&T Bank, and HDFC Bank. The three largest detractors from returns were Alibaba, S&P Global, and Northrop Grumman.
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