Growth Fund
Effective April 25, 2023, the fund reopened to new investors.
Shares of the fund are available for purchase only by defined contribution and defined benefit plans, by existing shareholders and by clients of registered investment advisers and registered representatives trading through intermediaries where the fund is already available.
Y shares are only available to certain institutional investors. Please click to view more share classes.
Fund Facts as of 10/31/2024
- Ticker LSGRX
- Class Inception 5/16/1991
- CUSIP 543487110
- Minimum Initial Investment $100,000
- Gross Expense Ratio1 0.67%
- Net Expense Ratio1 0.67%
- Net Asset Value 28.56
Our performance data shown represents past performance and is no guarantee of, and not necessarily indicative of, future results. Investment 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, please see the following tab labeled “Performance”.
- Ticker LGRNX
- Class Inception 2/1/2013
- CUSIP 543488845
- Minimum Initial Investment $1,000,000
- Gross Expense Ratio1 0.58%
- Net Expense Ratio1 0.58%
- Net Asset Value 28.65
Our performance data shown represents past performance and is no guarantee of, and not necessarily indicative of, future results. Investment 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, please see the following tab labeled “Performance”.
The Growth Fund seeks to produce long-term growth of capital.
The Growth Fund earns gold from Morningstar as of December 29, 2023.
-
Primary Benchmark
Russell 1000® Growth Index -
Portfolio Management
-
Total Fund Assets
$14.7 billion (as of 10/31/2024) -
Lipper Category
Large-Cap Growth Funds -
Morningstar Category
Large Growth
Strategy Highlights
- Takes a long-term private equity-oriented approach by partnering with management who think and act like owners
- Seeks to invest in high-quality businesses with sustainable competitive advantages and profitable growth when they trade at a significant discount to intrinsic value
- Risk is defined as a permanent loss of capital, not tracking error or short-term relative underperformance
Investment Strategy
- The fund will invest primarily in equity securities, including common stocks, convertible securities and warrants
- High-conviction portfolio of typically 30 to 40 stocks
- Employs a growth style of equity management that emphasizes companies with sustainable competitive advantages, secular long-term cash flow growth returns on invested capital above their cost of capital and the ability to manage for profitable growth that can create long-term value for shareholders
- Aims to invest in companies when they trade at a significant discount to our estimate of intrinsic value
- Will consider selling a portfolio investment when the portfolio manager believes an unfavorable structural change occurs within a given business or the markets in which it operates, a critical underlying investment assumption is flawed, when a more attractive reward-to-risk opportunity becomes available, when the current price fully reflects intrinsic value, or for other investment reasons which the portfolio manager deems appropriate
About Risk
- Equity securities are volatile and can decline significantly in response to broad market and economic conditions.
- Foreign and emerging market securities may be subject to greater political, economic, environmental, credit, currency and information risks. Foreign securities may be subject to higher volatility than US securities due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets.
- Investments in small and mid-size companies can be more volatile than those of larger companies.
- Growth stocks may be more sensitive to market conditions than other equities as their prices strongly reflect future expectations.
- Currency exchange rates between the US dollar and foreign currencies may cause the value of the fund’s investments to decline.
Class N shares of the fund are subject to a $1,000,000 initial investment minimum. There is no initial investment minimum for Certain Retirement Plans and funds of funds that are distributed by Natixis Distribution, LLC (the “Distributor”).
1As of the most recent prospectus, the investment advisor has contractually agreed to waive fees and/or reimburse expenses (with certain exceptions) once the expense limitation of the fund has been exceeded. This arrangement is set to expire on 1/31/25. Transfer Agent Fee waivers for Class N are contractual and are set to expire 1/31/2025. When an expense limitation has not been exceeded, the fund may have similar expense ratios.
The Russell 1000® Growth Index is an unmanaged index that measures the performance of those Russell 1000® companies with higher price-to-book ratios and forecasted growth values. Indexes are unmanaged and do not incur fees. It is not possible to invest directly in an index.
© 2024 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.
The Morningstar Medalist Rating™ is not a credit or risk rating. It is a subjective evaluation performed by the mutual fund analysts of Morningstar, Inc. Morningstar evaluates funds based on five key pillars, which are process, performance, people, parent, and price. Morningstar’s analysts use this five pillar evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis.
Analysts consider quantitative and qualitative factors in their research, but the assessment and weighting of each of the five pillars is driven by the analyst’s overall assessment and overseen by Morningstar’s Analyst Rating Committee. The approach serves not as a formula but as a framework to ensure consistency across Morningstar’s global coverage universe.
The Morningstar Medalist Rating™ scale ranges from Gold to Negative, with Gold being the highest rating and Negative being the lowest rating. A fund with “Gold” rating distinguishes itself across the five pillars and has garnered the analysts’ highest level of conviction. A fund with a “Silver” rating has notable advantages across several, but perhaps not all, of the five pillars—strengths that give the analysts a high level of conviction. A “Bronze”—rated fund has advantages that outweigh the disadvantages across the five pillars, with sufficient level of analyst conviction to warrant a positive rating. A fund with a “Neutral” rating isn’t seriously flawed across the five pillars, nor does it distinguish itself very positively. A “Negative” rated fund is flawed in at least one if not more pillars and is considered an inferior offering to its peers. For more detailed information about the Morningstar Medalist Rating™, including its methodology, please go to global.morningstar.com/managerdisclosures/.
The Morningstar Medalist Rating™ should not be used as the sole basis in evaluating a mutual fund. Morningstar Medalist Rating™ are based on Morningstar’s current expectations about future events; therefore, in no way does Morningstar represent ratings as a guarantee nor should they be viewed by an investor as such. Morningstar Medalist Rating™ involve unknown risks and uncertainties which may cause Morningstar’s expectations not to occur or to differ significantly from what we expected.
Before investing, consider the fund’s investment objectives, risks, charges, and expenses. You may obtain a prospectus or a summary prospectus, if available, containing this and other information on this website. Read it carefully.
Natixis Distributors LLC (fund distributor, member FINRA|SIPC) and Loomis, Sayles & Company, L.P. are affiliated.
Loomis Sayles Funds | 800.633.3330
| Class Y | Class N | |
|---|---|---|
| 32.41% | 32.50% |
| Cumulative Total Return | Class Y | Class N |
|---|---|---|
| 3 Months | 5.74% | 5.76% |
| Year-To-Date | 22.94% | 23.01% |
| Average Annualized Total Return | Class Y | Class N |
|---|---|---|
| Inception Date | 5/16/1991 | 2/1/2013 |
| 1 Year | 44.18% | 44.35% |
| 3 Years | 10.77% | 10.87% |
| 5 Years | 17.83% | 17.93% |
| 10 Years | 15.70% | 15.81% |
| Since Inception | 10.02% | 16.28% |
| Cumulative Total Return | Class Y | Class N |
|---|---|---|
| 3 Months | 4.97% | 4.99% |
| Year-To-Date | 22.86% | 22.93% |
| Average Annualized Total Return | Class Y | Class N |
|---|---|---|
| Inception Date | 5/16/1991 | 2/1/2013 |
| 1 Year | 40.15% | 40.25% |
| 3 Years | 12.83% | 12.94% |
| 5 Years | 18.22% | 18.32% |
| 10 Years | 15.96% | 16.07% |
| Since Inception | 10.05% | 16.40% |
Gross Expense Ratio: (Y) 0.67%, (N) 0.58%; Net Expense Ratio: (Y) 0.67%, (N) 0.58%; 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 limitation of the fund has been exceeded. This arrangement is set to expire on 1/31/2025. Transfer Agent Fee waivers for Class N are contractual and are set to expire 1/31/2025. When an expense limitation has not been exceeded, the fund may have similar expense ratios.
| Class Y | Class N | |
|---|---|---|
| 1 Year | 254/682 | 242/682 |
| 3 Years | 12/642 | 11/642 |
| 5 Years | 132/610 | 120/610 |
| 10 Years | 54/482 | 46/482 |
| Lipper Category: Large-Cap Growth Funds | ||
| Class Y | Class N | |
|---|---|---|
| 1 Year | 423/1139 | 409/1139 |
| 3 Years | 19/1073 | 17/1073 |
| 5 Years | 183/1006 | 170/1006 |
| 10 Years | 80/790 | 67/790 |
| Morningstar Category: Large Growth | ||
Lipper and Morningstar rankings are based on total returns calculated by each ranking entity. Rankings do not take into account sales charges, if applicable, but include reinvestment of dividends and capital gains, if any.
Performance data shown represents past performance and is no guarantee of, and not necessarily indicative 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. Returns include changes in share price and reinvestment of dividends and capital gains, if any.
Lipper Analytical Services Inc., a Thomson Reuters Company, is a nationally recognized organization that provides performance information for mutual funds. Copyright 2024 © Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
© 2024 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.
Before investing, consider the fund’s investment objectives, risks, charges, and expenses. You may obtain a prospectus or a summary prospectus, if available, containing this and other information on this website. Read it carefully.
Natixis Distributors LLC (fund distributor, member FINRA|SIPC) and Loomis, Sayles & Company, L.P. are affiliated.
Loomis Sayles Funds | 800.633.3330
| Characteristics | |
|---|---|
| Number of Holdings | 38 |
| P/E (trailing 12 months) | 31.29 |
| P/E (forward 12 months) | 30.13 |
| 3-5 Year EPS Growth | 22.35 |
| ROE (1 year equal weighted) | 28.27 |
| Annual Portfolio Turnover as of 9/30/2023 | 12.77% |
| Sector Distribution | |
|---|---|
| Information Technology | 30.2% |
| Communication Services | 21.9% |
| Consumer Discretionary | 17.3% |
| Health Care | 12.1% |
| Financials | 9.2% |
| Industrials | 5.7% |
| Consumer Staples | 2.5% |
| ETF | 1.0% |
| Cash | 0.1% |
Portfolio composition statistics are from the adviser’s internal system and may not match the fund’s regulatory documents.
Due to rounding, market capitalization and sector distribution totals may not equal 100%. This portfolio is actively managed and holdings are subject to change. There is no guarantee the Fund continues to invest in securities referenced. Reference to specific securities or holdings should not be considered recommendations for action by investors.
P/E (trailing) is the sum of a company’s price-to-earnings, calculated by dividing current stock price by trailing earnings per share for the past 12 months. P/E (forward) measures price-to-earnings ratio using forecasted earnings for the price-to-earnings calculation; the forward measure is not a forecast of the fund’s performance. 3-5 Year Earnings Per Share (EPS) Growth is sourced from FactSet and based on long-term EPS growth rate estimates gathered directly from brokers. The portfolio and benchmark statistic is a weighted average of company level estimates. Return On Equity (ROE) (1-year equal weighted) is the 1-year ROE of all holdings divided by number of holdings. Median active share indicates the proportion of the portfolio’s holdings (by market value) that is different than the benchmark. A higher active share indicates a larger difference between the benchmark and the portfolio.
Before investing, consider the fund’s investment objectives, risks, charges, and expenses. You may obtain a prospectus or a summary prospectus, if available, containing this and other information on this website. Read it carefully.
Natixis Distributors LLC (fund distributor, member FINRA|SIPC) and Loomis, Sayles & Company, L.P. are affiliated.
Loomis Sayles Funds | 800.633.3330
| Characteristics | Fund | Index |
|---|---|---|
| Number of Holdings | 38 | 394 |
| P/E (trailing 12 months) | 31.94 | 33.89 |
| P/E (forward 12 months) | 30.58 | 31.88 |
| 3-5 Year EPS Growth | 22.66 | 18.77 |
| ROE (1 year equal weighted) | 28.27 | 28.69 |
| Median Active Share (since manager tenure) | 79.3% | |
| Annual Portfolio Turnover as of 9/30/2023 | 12.77% |
| Market Capitalization | Fund | Index |
|---|---|---|
| > $50 Billion | 91.9% | 90.3% |
| $25 to 50 Billion | 1.9% | 5.2% |
| $10 to 25 Billion | 4.0% | 3.2% |
| < $10 Billion | 2.1% | 1.2% |
| Cash & Equivalents | 0.1% | 0.0% |
| Sector Distribution | Fund | Index |
|---|---|---|
| Information Technology | 29.7% | 48.8% |
| Communication Services | 21.5% | 12.8% |
| Consumer Discretionary | 17.9% | 14.2% |
| Health Care | 12.7% | 7.8% |
| Financials | 8.9% | 6.3% |
| Industrials | 5.8% | 4.6% |
| Consumer Staples | 2.4% | 3.6% |
| ETF | 1.0% | 0.0% |
| Materials | 0.0% | 0.7% |
| Real Estate | 0.0% | 0.6% |
| Energy | 0.0% | 0.4% |
| Utilities | 0.0% | 0.2% |
| Cash | 0.1% | 0.0% |
Portfolio composition statistics are from the adviser’s internal system and may not match the fund’s regulatory documents.
Due to rounding, market capitalization and sector distribution totals may not equal 100%. This portfolio is actively managed and holdings are subject to change. There is no guarantee the Fund continues to invest in securities referenced. Reference to specific securities or holdings should not be considered recommendations for action by investors.
P/E (trailing) is the sum of a company’s price-to-earnings, calculated by dividing current stock price by trailing earnings per share for the past 12 months. P/E (forward) measures price-to-earnings ratio using forecasted earnings for the price-to-earnings calculation; the forward measure is not a forecast of the fund’s performance. 3-5 Year Earnings Per Share (EPS) Growth is sourced from FactSet and based on long-term EPS growth rate estimates gathered directly from brokers. The portfolio and benchmark statistic is a weighted average of company level estimates. Return On Equity (ROE) (1-year equal weighted) is the 1-year ROE of all holdings divided by number of holdings. Median active share indicates the proportion of the portfolio’s holdings (by market value) that is different than the benchmark. A higher active share indicates a larger difference between the benchmark and the portfolio.
Before investing, consider the fund’s investment objectives, risks, charges, and expenses. You may obtain a prospectus or a summary prospectus, if available, containing this and other information on this website. Read it carefully.
Natixis Distributors LLC (fund distributor, member FINRA|SIPC) and Loomis, Sayles & Company, L.P. are affiliated.
Loomis Sayles Funds | 800.633.3330
| Top Ten Holdings | % Assets |
|---|---|
| NVIDIA Corp | 10.1% |
| Meta Platforms Inc | 7.8% |
| Tesla Inc | 7.0% |
| Alphabet Inc | 6.1% |
| Amazon.com Inc | 5.5% |
| Netflix Inc | 5.5% |
| Oracle Corp | 5.2% |
| Visa Inc | 5.0% |
| Microsoft Corp | 4.5% |
| Boeing Co/The | 4.0% |
| Total | 60.6% |
Top 10 holdings may not be representative of current or future holdings and will evolve over time.
Before investing, consider the fund’s investment objectives, risks, charges, and expenses. You may obtain a prospectus or a summary prospectus, if available, containing this and other information on this website. Read it carefully.
Natixis Distributors, LLC (fund distributor, member FINRA|SIPC) and Loomis, Sayles & Company, L.P. are affiliated.
Loomis Sayles Funds | 800.633.3330
