UAT All Cap Growth Overview Composite Performance Overview The All Cap Growth strategy 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 5 years) through bottom-up stock selectionView factsheet Primary BenchmarkRussell 3000 Growth IndexPortfolio Management Aziz Hamzaogullari Founder, Chief Investment Officer and Portfolio Manager, Growth Equity Strategies Team Read bio Strategy Highlights Active 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 35 to 45 stocks Low turnover: 14.2% annualized since inception 7/1/2006* High active share: typically greater than 80%** Top 10 holdings: typically 40% - 50% Up to 25% in non-U.S. securities including ADRs and OTC ADRs Looks to identify high-quality companies–those with difficult-to-replicate business models Team must view cash flow growth as sustainable and profitable Stock values are modeled and regularly updated based on our four valuation scenarios: Best, Base, Bear and Worst Seeks to create a margin of safety by investing only when company is selling meaningfully below the team’s estimate of intrinsic value Active risk management defines risk as a permanent loss of capital, not tracking error or short-term relative underperformance Bottom-up stock selection drives excess returns Strategy Facts as of 6/30/2024Composite Inception7/1/2006Strategy Assets$3.5 billionFact Sheet Additional ContentOur Growth Equity Alpha Thesis: Seeking Risk-Adjusted Excess Returns Learn More About the Team Explore more about the team’s philosophy, offerings, and insights.Learn More *As of June 30, 2024. **Active share indicates the proportion of the 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 portfolio manager for the All Cap Growth Composite joined Loomis Sayles on May 19, 2010, and performance prior to that date was achieved at his prior firm. The All Cap Growth Composite includes all discretionary accounts with market values greater than $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 3000 Growth Index and generally within the market capitalization range of the Index. The Composite inception date is July 1, 2006. The Composite was created in 2010. Performance Primary Benchmark: Russell 3000 Growth Index Quarter-End Performance as of 6/30/2024CumulativeGrossNetIndex3 month4.51%4.34%7.80% Year-to-date17.57%17.18%19.90%Trailing Performance as of 6/30/2024Average Annualized ReturnGrossNetIndex1 year29.32%28.47%32.22% 3 years8.56%7.92%10.33% 5 years15.63%15.00%18.55% 10 years16.09%15.49%15.75% Since Inception 7/1/2006*14.49%13.91%12.82% Period PerformanceYearGrossNetIndex202345.14%44.19%41.21% 2022-27.20%-27.58%-28.97% 202117.52%16.94%25.85% 202032.16%31.51%38.26% 201932.66%32.00%35.85% 2018-1.90%-2.40%-2.12% 201735.79%35.12%29.59% 20167.94%7.40%7.39% 201512.63%12.10%5.09% 201410.55%10.13%12.44% 201337.46%36.78%34.23% 201218.64%18.34%15.21% 2011-1.33%-1.53%2.18% 201017.82%17.30%17.64% 2009143.70%42.76%37.01% 20081-26.78%-27.29%-38.44% 2007112.82%12.07%11.40% 2006*,110.69%10.32%9.81%* Since Inception 7/1/2006 1 The portfolio manager for the All Cap Growth Composite joined Loomis Sayles on May 19, 2010, and performance prior to that date was achieved at his prior firm. Performance data shown represents past performance and is no guarantee of, and not necessarily indicative 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. Monthly Characteristics Monthly as of -1/-1/-1 Currency Distribution @ERROR% Duration Distribution @ERROR% Sector Distribution (Fixed) 0.0% Country Distribution @ERROR% Maturity Distribution @ERROR% 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 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. 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. Quarterly Characteristics Quarterly as of -1/-1/-1 Currency DistributionFundIndex @ERROR%0.0% Duration DistributionFundIndex @ERROR%@ERROR% Market CapitalizationFundIndex N/A0.0% Sector Distribution (Fixed)FundIndex 0.0%0.0% 0.0%0.0% Country DistributionFundIndex @ERROR%0.0% Maturity DistributionFundIndex @ERROR%@ERROR% 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 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. 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. Holdings Top Ten Holdingsas of 6/30/2024% Assets @ERROR% Top 10 holdings may not be representative of current or future holdings and will evolve over time. x < Page: / > Download PDF