Loomis Sayles Global Equity (IML0341AU) Report & Performance

What is the Loomis Sayles Global Equity fund?

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 Fund invests primarily in common stocks of companies globally.
  • The Fund invests in the securities of companies with three alpha drivers: quality, intrinsic value growth and valuation. The Fund focusses on approximately 35-65 securities which demonstrate these three alpha drivers.
  • The Fund employs a style agnostic approach to finding opportunities, therefore avoiding sub-optimal constraints of style box characteristics.

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Latest News & Updates For Loomis Sayles Global Equity

Loomis Sayles Global Equity Fund Commentary September 30, 2023

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.

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

  • Product Overview
  • Performance Review
  • Peer Comparison
  • Product Details

Product Overview

Fund Name APIR Code
? A Product Code is unique a identifier code issued by a group or governing body, to reference products in a large group. For an example, APIR codes are commonly used for Funds and Ticker codes are commonly used for Securities such as ETFs and Stocks.
Structure
?
Asset Class
? An Asset Class breakdown provides the percentages of core asset classes found within a mutual fund, exchange-traded fund, or another portfolio. Asset classes (in microeconomics and beyond) generally refer to broad categories such as equities, fixed income, and commodities.
Asset Category
? An Asset Category is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset categories (or a sub-asset class) are made up of instruments which often behave similarly to one another in the marketplace, looking down to the Asset Category level is important if looking to build a diversified portfolio.
Peer Benchmark Name
? A Peer Index (benchmark) refers to a peer group of investment managers who have the same investment style or category. It is used to compare the performance of one manager to their peer group, which makes it simpler for investors to choose between the vast number of investment managers.
Broad Market Index
? A Market Index (benchmark) refers to a hypothetical portfolio of investments that represents a segment, asset or category of an investable market. Market Indices are used to benchmark managers performance, to assist their style reliability and ability to provide excess returns.
FUM
? Funds/Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.
Management Fee
? A management fee is a charge levied by an investment manager for managing an investment fund. The management fee is intended to compensate the managers for their time and expertise for selecting finanical products and managing the portfolio.
Performance Fee
? A performance fee is a payment made to an investment manager for generating positive returns. This is as opposed to a management fee, which is charged without regard to returns. A performance fee can be calculated many ways. Most common is as a percentage of investment profits, often both realized and unrealized. It is largely a feature of the hedge fund industry, where performance fees have made many hedge fund managers among the wealthiest people in the world.
Spread
? A spread can have several meanings in finance. Basically, however, they all refer to the difference between two prices, rates or yields. In one of the most common definitions, the spread is the gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity. This is known as a bid-ask spread.
Loomis Sayles Global EquityIML0341AUManaged FundsForeign EquityLarge Blend - FundamentalForeign Equity - Large Fundamental IndexDeveloped -World Index106.42 M1.23%0.00%0.3%

Performance Review

Fund Name Last Month
? Returns after fees in the most recent (last) month).
3 Months Return
? Returns after fees in the most recent 3 months.
1 Year Return
? Trailing 12 month returns.
3 Years Average Return
? Average Annual returns from the last 3 years.
Since Inc. Average Return
? Average (annualised) returns since inception
1 Year Std. Dev. (Annual)
? The standard deviation (or annual volatility) of the last 12 months.
3 Years Std. Dev. (Annual)
? The average standard deviation (or annual volatility) from the last 3 years.
Since Inc. Std. Dev. (Annual)
? The average standard deviation (or annual volatility) since the fund inception.
1 Year Max Drawdown
? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
3 Year Max Drawdown
? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Since Inc. Max Drawdown
? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Loomis Sayles Global Equity-0.5%1.7%26.6%8.67%13.9%11.98%15.98%14.49%-3.83%-25.19%-25.19%

Peer Comparison

Fund Name Peer Index Name
? A group of individuals who share similar characteristics and interests are called peer groups. Peer group analysis is an essential part of assessing a price for a particular stock in investment research. The emphasis here is on making a comparison, meaning that the peer group constituents should be more or less identical to the company being examined, especially in terms of their main business and market capitalization areas.
12 Months Excess Return
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
Excess Return Annualised Since Inception
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
12 Months Alpha
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market return over 12 months. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
Alpha Annualised Since Inception
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market annualized since inception. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
12 Months Beta
? Rolling 12Month Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
Beta Annualised Since Inception
? Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
12 Months Tracking Error
? 12Month Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark over the last 12 months. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
Tracking Error Since Inception
? Since Inception tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark since inception. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
12 Months Correlation
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Correlation Since Inception
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Loomis Sayles Global EquityForeign Equity - Large Fundamental Index7.96%2.24%NA%NA%NA%1.24.49%5.3%0.950.94

Product Details

Fund Name Verifed by SMSF Mates Manager Address Phone Website Email
Loomis Sayles Global EquityYes-https://www.iml.com.au/-

Product Due Diligence

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 -0.5% in the last month. The previous three years have returned 8.67% annualised and 14.49% 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 NA with an annualised volatility of 14.49%. The maximum drawdown of the investment product in the last 12 months is -3.83% 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 7.96% and 2.24% 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 NA% in the last 12 months and NA% 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 1.2 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?

If you or your self managed super fund would like to invest in the Loomis Sayles Global Equity please contact via phone or via email .

How do I get in contact with the Loomis Sayles Global Equity?

If you would like to get in contact with the Loomis Sayles Global Equity manager, please call .

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.

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Historical Performance Commentary

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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