BOSTON–(BUSINESS WIRE)–Loomis, Sayles & Company:
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160 |
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BILLION IN ASSETS UNDER MANAGEMENT |
COMBINED YEARS OF INVESTMENT EXPERIENCE |
INVESTMENT PHILOSOPHY |
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GES Team |
GES Team |
Supported by a seven-step research framework |
Loomis, Sayles & Company proudly celebrates the 15-year anniversary of a differentiated approach to growth equity investing under the leadership of Aziz V. Hamzaogullari, CFA, the founder, chief investment officer and portfolio manager of the Loomis Sayles Growth Equity Strategies (GES) Team. Aziz is also an executive vice president and a member of the firm’s Board of Directors.
- GES is a cohesive team with nearly 19 years of alpha generation and a long-term, private equity approach to investing.
- Under Aziz Hamzaogullari’s leadership since 2010, assets under management for GES have grown from $1.9 billion to nearly $91 billion as of 31 May 2025.
- The Loomis Sayles Growth Fund earned the Gold Medalist Rating™ from Morningstar as of 29 December 2023.1
Aziz brought a differentiated approach to equity investing when he joined Loomis Sayles in 2010. A proprietary seven-step research framework supports the GES Team’s long-term, private equity approach to investing. The Team seeks to invest in those few high-quality businesses with sustainable competitive advantages and profitable growth only when they trade at a discount to the GES estimate of intrinsic value.
Underpinned by this singular investment philosophy, the GES Team expanded its platform from US-focused Large Cap Growth and All Cap Growth strategies to also include Global Growth, International Growth long-only strategies as well as the Long/Short Growth Equity hedge fund strategy. These strategies are available as mutual funds, managed accounts, CITs, an ETF and products outside the US2.
The GES Team believes a focus on the quality of a manager’s investment philosophy, process and decision-making is essential for assessing the probability of future success. The GES alpha thesis encapsulates a deeply held system of persistent beliefs, a rigorous, repeatable investment process and substantive proof points.
“Since joining Loomis Sayles in 2010, Aziz and the GES Team have consistently distinguished themselves through a relentless focus on striving to achieve superior risk-adjusted returns for investors. Backed by their differentiated approach, they have demonstrated skilled and disciplined decision-making as well as a strong performance track record of which we are very proud,” said Kevin Charleston, chief executive officer of Loomis Sayles.
“I would like to thank our investors for their trust. We will continue to be committed to our guiding principles of long-term investing based on our key differentiated insights,” said Aziz V. Hamzaogullari, CFA, founder, chief investment officer and portfolio manager of the Loomis Sayles Growth Equity Strategies Team.
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1 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. A fund with “Gold” rating distinguishes itself across the five pillars and has garnered the analysts’ highest level of conviction. |
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2 Not all vehicles are available to all investors. |
The cohesive GES Team has nearly 19 years of strong alpha generation in its domestic, global, international and long/short growth equity strategies as shown below.
LONG-ONLY EQUITY COMPOSITES
As of 3/31/2025
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INCEPTION DATE |
ALPHA* (gross) |
ALPHA* (net) |
PEER RANK** |
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Large Cap Growth |
7/1/2006 |
3.55 |
3.08 |
2nd |
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All Cap Growth |
7/1/2006 |
3.31 |
2.77 |
3rd |
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Global Growth |
1/1/2016 |
2.12 |
1.44 |
9th |
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International Growth |
1/1/2020 |
1.99 |
1.18 |
32nd |
LONG/SHORT GROWTH EQUITY COMPOSITE
As of 3/31/2025
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INCEPTION DATE |
ALPHA* (gross) |
ALPHA* (net) |
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| Long/Short Growth Equity |
2/1/2012^ |
5.61 |
4.23 |
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*Alpha calculated against S&P 500 (Large Cap Growth), S&P 500 (All Cap Growth), MSCI ACWI (Global Growth), MSCI ACWI ex-US (International Growth), S&P 500 (Long/Short Growth Equity). The benchmark for the Large Cap Growth Managed Account Composite is the Russell 1000 Growth Index. The benchmark for the All Cap Growth Managed Account Composite is the Russell 3000 Growth Index. The Long/Short Growth Equity Managed Account is benchmark agnostic. Performance for the S&P 500 Index is shown as supplemental information as it’s widely used as the barometers of the US stock market. |
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COMPOSITE PERFORMANCE AND RANKINGS (AS OF 31 MARCH 2025)
LARGE CAP GROWTH
Inception 7/1/2006
$84.1 BILLION AUM
Since inception in 2006, the Large Cap Growth composite has generated an annualized return of 14.19% (gross), 13.68% (net), outperforming the Russell 1000 Growth Index by 1.63% (gross), 1.12% (net), a gross return that ranks ahead of 98% of large cap growth peers.†
The Large Cap Growth composite seeks to produce long-term, excess returns vs. the Russell 1000® Growth Index on a risk-adjusted basis over a full market cycle (at least five years) through bottom-up stock selection.
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Past performance is no guarantee of future results. Gross returns are net of trading costs. Net returns are gross returns less effective management fees. Indices are unmanaged and do not incur fees. It is not possible to invest directly in an index. Please see trailing returns and other statistics as of the most recent quarter-end at the end of the document. †Ranking out of 159 observations (eVestment Alliance’s Large Cap Growth Universe.) |
ALL CAP GROWTH
Inception 7/1/2006
$3.3 BILLION AUM
Since inception in 2006, the All Cap Growth composite has generated an annualized return of 14.14% (gross), 13.55% (net), outperforming the Russell 3000 Growth Index by 1.89% (gross), 1.30% (net), a gross return that ranks ahead of 95% of category peers**.
The All Cap Growth composite seeks to produce long-term, excess returns vs. the Russell 3000® Growth Index on a risk-adjusted basis over a full market cycle (at least five years) through bottom-up stock selection.
GLOBAL GROWTH
Inception 1/1/2016
$2.6 BILLION AUM
Since inception in 2016, the Global Growth composite has generated an annualized return of 13.55% (gross), 12.79% (net), outperforming the MSCI ACWI Gross Index by 2.85% (gross), 2.10% (net), a gross return that ranks ahead of 94% of global growth peers**.
The Global Growth composite seeks to produce long-term, excess returns vs. MSCI ACWI Gross Index on a risk-adjusted basis over a full market cycle (at least five years) through bottom-up stock selection.
INTERNATIONAL GROWTH
Inception 1/1/2020
$45.8 MILLION AUM
Since inception in 2020, the International Growth composite has generated an annualized return of 7.03% (gross), 6.18% (net), outperforming the MSCI ACWI ex-US Gross Index by 1.60% (gross), 0.75% (net), a gross return that ranks ahead of 62% of international growth peers**.
The International Growth composite seeks to produce long-term, excess returns vs. MSCI ACWI ex-US Gross Index on a risk-adjusted basis over a full market cycle (at least five years) through bottom-up stock selection.
LONG/SHORT GROWTH EQUITY
Inception 2/1/2012
$655.9 MILLION AUM
Since inception of fund structure in 2012, the Long/Short Growth Equity composite has generated an annualized return of 10.97% (gross), 9.33% (net), outperforming the S&P 500 50% Hedged Index by 3.89% (gross), 2.25% (net), the HFRI Equity Hedge (Total) Index* by 4.47% (gross), 2.83% (net) and the HFRI EH: Fundamental Growth Index by 5.61% (gross), 3.97 (net).
The Long/Short Growth Equity composite seeks to generate attractive long-term absolute positive returns regardless of market direction.
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*The HFRI Equity Hedge (Total) Asset Weighted Composite Index is a global, asset-weighted index comprised of a single-manager funds that report to HFR Database. It is comprised of Equity Hedge fund peers that are not considered Equity Market Neutral. This index is being shown for informational and reference purposes only. |
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Source: Loomis Sayles, FTSE Russell, MSCI & HFR, as of 31 March 2025 |
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The Portfolio Manager for the Growth Equity Strategies joined Loomis Sayles May 19, 2010, and his performance prior to that date was achieved at his prior firm. |
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Gross returns are net of trading costs. Net returns are gross returns less effective management fees. Returns may increase or decrease as a result of currency fluctuations. Indices are unmanaged and do not incur fees. It is not possible to invest directly in an index. |
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Any investment that has the possibility for profits also has the possibility of losses, including the loss of principal. |
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Please request a current presentation book for each strategy for more information regarding risks and GIPS reports. |
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Please see trailing returns and other statistics as of the most recent quarter-end at the end of the document. **Rankings out of 37 observations (eVestment Alliance’s All Cap Growth Universe.) Ranking out of 821 observations. (eVestment Alliance’s Global Large Cap and Global All Cap Equity Universes). Ranking out of 248 observations (eVestment Alliance’s ACWI ex-US Large Cap and ACWI ex-US All Cap Equity.) |
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Past performance is no guarantee of future results. |
THE SAME DIFFERENTIATED PHILOSOPHY UNDERPINS GES MUTUAL FUND OFFERINGS
In 2010, Aziz began managing the flagship Loomis Sayles Growth Fund (Class Y; LSGRX). Since that time, the fund has earned an annualized return of 16.57% as of 31 May 2025 under his management and has grown from less than $100 million to $16 billion AUM during this time. The fund outperformed the Morningstar US Large Mid Broad Growth Index by 0.75% annualized since the 2010 inception as of 31 May 2025. Compared with Morningstar’s Large Cap Growth Universe peers, the fund’s annualized returns rank in the 8th percentile, outperforming 92% of its peer group since Aziz began managing it on 1 June 2010**.
The Loomis Sayles Growth Fund earned a Morningstar Medalist Rating™ of Gold, as of 29 December 2023. In the supporting analysis for awarding the Gold rating, Morningstar cited the Growth Fund’s “attractive and well-executed approach” which earned the fund a “High” rating for the Process and People pillars. Read the report here.
LOOMIS SAYLES GROWTH FUND (CLASS Y) VERSUS MORNINGSTAR US LARGE MID BROAD GROWTH INDEX
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As of 3/31/2025 |
As of 5/31/2025 | ||||||
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YTD |
1-Year |
3-Year |
5-Year |
10-Year |
15-Year |
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Loomis Sayles Growth Fund (Y-Class) |
-9.34 |
0.88 |
22.68 |
24.43 |
17.03 |
15.88 |
16.57 |
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Morningstar Category |
-8.49 |
0.95 |
15.96 |
17.29 |
14.16 |
13.35 |
14.33 |
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Morningstar Percentile Rank** |
58 |
49 |
11 |
3 |
13 |
7 |
6 |
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Morningstar Index |
-9.48 |
1.80 |
19.34 |
19.29 |
16.42 |
14.73 |
15.82 |
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Russell 1000 Growth Index* |
-9.97 |
-0.27 |
17.62 |
19.85 |
17.69 |
16.08 |
16.61 |
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# of Invest. in Cat. |
1,129 |
961 |
941 |
899 |
825 |
651 |
505 |
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*The benchmark for the Growth Fund is the Russell 1000 Growth Index. The Morningstar US Large Broad Growth Index is shown as supplemental information. **Ranking out of 846 funds (Since 2010 Inception). (Morningstar Large Growth Universe.) Information in the column titled “As of 3/31/2025” is year to date 3/31/2025 Loomis Sayles Growth Fund (Class Y): Gross expense ratio: 0.67%/Net expense ratio: 0.66% Source: Morningstar, as of 31 May 2025; Information in the column titled “As of 3/31/2025” is year to date 3/31/2025 Rankings based on total returns. Performance data reflects certain fee waivers and reimbursements. Without such waivers, performance would be lower. Rankings do not take into account sales charges, if applicable, but include reinvestment of dividends and capital gains, if any. The percentile rank for the specified time period is relative to all funds that have the same Morningstar category. The highest (or most favorable) percentile rank is 1, and the lowest (or least favorable) percentile rank is 100. Rankings are subject to change. Y shares are only available to certain institutional investors with a minimum initial investment of $100,000. Performance for multi-year periods is annualized. Past performance is no guarantee of future results. Investment return and principal value may fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance data quoted represents past performance, and current returns may be higher or lower. For the most recent performance information, please visit loomissayles.com. |
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Additionally, Aziz manages the Loomis Sayles Global Growth and International Growth funds, launched in 2016 and 2020, respectively.
The Loomis Sayles Global Growth Fund (Class Y; LSGGX), with $128.3 million in assets under management as of 31 May 2025, has earned an annualized return of 13.67% as of 31 May 2025 over the more than nine years since its inception on 1 April 2016. The fund’s annualized returns rank in the 5th percentile, outperforming 95% of its peers since inception.3 The fund received a 4-Star Overall Morningstar Rating™ as of 31 May 2025.4
The Loomis Sayles International Growth Fund (Class Y; LIGYX), with $30.4 million in assets under management as of 31 May 2025, has earned an annualized return of 3.78% as of 31 May 2025 over the four years since its inception on 16 December 2020. The fund received a 5-Star Overall Morningstar Rating™, as of 31 May 2025.5
MATERIAL DIFFERENCES BETWEEN VEHICLES: STRATEGIES VS FUNDS
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| RISKS |
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A mutual fund is an investment vehicle that pools money from multiple investors to purchase a diversified portfolio of securities, such as stocks, bonds, and other assets. Investor purchases shares of mutual funds and expenses are included in a mutual fund share class total expense ratio which includes management fees and operational costs. In a separate account, the investor directly owns the shares of the underlying securities, and they often feature personalized fee arrangements, which can be higher due to individualized management. Mutual funds offer daily liquidity, allowing investors to buy or sell shares at the fund’s net asset value (NAV) at the end of each trading day. Separate accounts, however, may have less liquidity, with the ability to liquidate assets depending on the specific securities held and the terms of the account. Neither mutual funds nor separate accounts provide guarantees on returns or principal. The value of mutual fund shares and separate account value fluctuates based on the performance of the underlying assets of each. Separate accounts offer investors the ability to customize the portfolio, whereas mutual funds do not. Mutual fund investors may face capital gains taxes when the fund manager sells securities within the fund to meet redemption requests with these gains distributed.
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3 Rankings out of 658 funds (Morningstar Global Large-Stock Growth, Global Large-Stock Blend and Global Large-Stock Value Blended Universe). Past performance is not a guarantee of future results. |
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4 Rating based on risk adjusted return. Morningstar Global Large-Stock Growth Universe; Rating out of 323 funds (3-year) and 277 funds (5-year)]. The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. |
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5 Rating based on risk adjusted return. Morningstar Foreign Large-Stock Growth Universe; Rating out of 366 funds (3-year). The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. |
KEY INVESTMENT RISKS FOR THE LARGE CAP GROWTH, ALL CAP GROWTH, GLOBAL GROWTH, AND INTERNATIONAL GROWTH STRATEGIES
Equity Risk
The risk that the value of stock may decline for issuer-related or other reasons.
Market Risk
The risk that the market value of a security may move up or down, sometimes rapidly and unpredictably, based upon a change in market or economic conditions.
Non-US Securities Risk
The risk that the value of non-US investments will fall as a result of political, social, economic or currency factors or other issues relating to non-US investing generally. Among other things, nationalization, expropriation or confiscatory taxation, currency blockage, political changes or diplomatic developments can negatively impact the value of investments. Non-US securities markets may be relatively small or underdeveloped, and non-US companies may not be subject to the same degree of regulation or reporting requirements as comparable US companies. This risk is heightened for underdeveloped or emerging markets, which may be more likely to experience political or economic stability than larger, more established countries. Settlement issues may occur.
Smaller or Mid-Sized Companies Risk
The risk that the equity securities of these companies may be subject to more abrupt price movements, limited markets and less liquidity than investments in larger, more established companies.
Liquidity Risk
The risk that the strategy may be unable to find a buyer for its investments when it seeks to sell them.
Non-Diversified Strategies
Non-diversified strategies tend to be more volatile than diversified strategies and the market as a whole.
Currency Risk
The risk that the value of investments will fall as a result of changes in exchange rates, particularly for global portfolios.
Derivatives Risk (for portfolios that utilize derivatives)
The risk that the value of the Strategy’s derivatives instruments will fall because of changes in the value of the underlying reference instrument, pricing difficulties or lack of correlation with the underlying investment.
Leverage Risk (for portfolios that utilize leverage)
The risk of increased loss in value or volatility due to the use of leverage or obtaining investment exposure greater than the value of an account.
Counterparty Risk
The risk that the counterparty to a swap or other derivatives contract will default on its obligations.
Models and Data Risk
The strategy may utilize quantitative model-based strategies. This is the risk that one or all of the quantitative or systematic models used may fail to identify profitable opportunities at any time. These models may incorrectly identify opportunities and these misidentified opportunities may lead to substantial losses. Models may be predictive in nature and may result in an incorrect assessment of future events. Data used in the construction of models may prove to be inaccurate or stale, which may result in investment losses.
General Risk
Any investment that has the possibility for profits also has the possibility of losses, including loss of principal.
KEY INVESTMENT RISKS – LONG/SHORT GROWTH EQUITY STRATEGY
Equity Risk
The risk that the value of the Strategy’s investments in equity securities is subject to the risks of unpredictable declines in the value of individual securities and periods of below-average performance in individual securities or in the equity market as a whole.
Short Sale Risk
The risk of losing an amount greater than the amount initially invested. Short selling is limited only by the maximum attainable price of the security less the price at which it was sold and is considered a form of leverage.
Non-Us Securities Risk
The risk that the value of non-US investments will fall as a result of political, social, economic or currency factors or other issues relating to non-US investing generally. Among other things, nationalization, expropriation or confiscatory taxation, currency blockage, political changes or diplomatic developments can negatively impact the value of investments. This risk is heightened for underdeveloped or emerging markets, which may be more likely to experience political or economic stability than larger, more established countries. Settlement issues may occur.
Non-Diversification Risk
The risk that the portfolio’s value may decline due to movements in the price of one or a small number of investments.
Currency Risk
The risk that the value of investments will fall as a result of changes in exchange rates
Derivatives Risk
The risk that the value of the Strategy’s derivatives instruments will fall because of changes in the value of the underlying reference instrument, pricing difficulties or lack of correlation with the underlying investment.
Leverage Risk
The risk of increased loss in value or volatility due to the use of leverage or obtaining investment exposure greater than the value of an account.
Counterparty Risk
The risk that the counterparty to a derivatives contract will default on its obligations.
Contacts
Loomis Sayles Media Relations
(617) 960-4447
