Focused Growth
Strategy Facts as of 3/31/2026
- Composite Inception 7/1/2023
- Strategy Assets $758.9 million
The Focused Growth strategy seeks to produce long-term growth of capital.
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Primary Benchmark
Russell 1000® Growth Index -
Portfolio Management
Aziz V. Hamzaogullari, CFA
Strategy Highlights
- Highly selective management with a long-term, private equity approach to investing
- Seven-step research framework focuses on quality, growth and valuation
- High-conviction portfolio of typically 20 to 30 US-based companies
- Low turnover: 1.8% annualized since inception 7/1/2023*
- High active share: typically greater than 80%**
- Top 10 holdings: typically 55% – 80%
- No Non-US exposure***
- Team must view cash flow growth as sustainable and profitable
- Looks to identify high-quality companies – those with difficult-to-replicate business models
- Seeks to create a margin of safety**** by investing only when a company is selling meaningfully below the team’s estimate of intrinsic value
- Stock values are modeled and regularly updated based on our four valuation scenarios: Best, Base, Bear and Worst
- Bottom-up stock selection drives excess returns
- Active risk management defines risk as a permanent loss of capital, not tracking error or short-term relative underperformance
*As of March 31, 2026.
**Active share indicates the proportion of portfolio’s holdings (by market value) that are different than the benchmark. A higher active share indicates a larger difference between the benchmark and the portfolio.
***The Manager uses a proprietary approach to classify securities as U.S. or non-U.S., considering factors such as trading markets, headquarters location, country of organization, revenue sources, and third-party data. No single factor is decisive, and weightings may vary by fund or geographic strategy.
****Holding all else equal, the larger the discount between market price of a particular security and our estimate of its intrinsic value, the greater we view our margin of safety. Margin of safety is not an indication of the strategy’s safety as all investments carry risk, including risk of loss.
Key Risks: Equity Risk, Market Risk, Non-US Securities Risk, Liquidity Risk. Investing involves risk including the possible loss of principal.
The Focused Growth Composite includes all discretionary accounts with market values at least $1 million managed by Loomis Sayles that seek to produce long-term excess returns at or below benchmark risk over a full market cycle relative to the Russell 1000 Growth Index and generally within the market capitalization range of the Index. The Composite inception date is July 1, 2023. The Composite was created in July 2023.
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| Cumulative | Gross | Net | Index |
|---|---|---|---|
| 3 Months | -11.92% | -12.06% | -9.78% |
| Year-To-Date | -11.92% | -12.06% | -9.78% |
| Annualized Total Return | Gross | Net | Index |
|---|---|---|---|
| 1 Year | 14.00% | 13.35% | 18.81% |
| Since Inception 7/1/2023 | 18.08% | 17.41% | 18.03% |
| Year | Gross | Net | Index |
|---|---|---|---|
| 2025 | 16.06% | 15.41% | 18.56% |
| 2024 | 39.02% | 38.24% | 33.36% |
| 2023* | 11.13% | 10.82% | 10.59% |
* Since Inception 7/1/2023
Performance data shown represents past performance and is no guarantee of future results. Current performance may be lower or higher than quoted. Returns are shown in US dollars and are annualized for one and multi-year periods. Gross returns are net of trading costs. Net returns are gross returns less effective management fees.
There is no guarantee that the investment objective will be realized or that the strategy will generate positive or excess return.