UAT Small Cap Growth Overview Composite Performance Overview The Small Cap Growth strategy seeks to generate superior investment performance over a full market cycle relative to the Russell 2000 Growth Index Primary BenchmarkRussell 2000 Growth IndexPortfolio Management Mark Burns Portfolio Manager Read bio John Slavik Portfolio Manager Read bio Strategy Highlights Our goal is a lower volatility approach to high growth investing Active stock selection primarily drives returns by focusing on what we define as high quality "emerging winners" that may benefit from secular growth stories Bottom-up portfolio construction is based on fundamental research and discounted cash flow valuation analysis Idea generation includes an internally developed growth screen Risk management approach integrated throughout the process, including a clear stop/loss discipline to help manage downside risk Turnover typically 30-80% Typically 90 to 110 stocks; position size: typically 0.5% to 2.0% Sector weightings limited to +/-50% of sectors greater than 10% of benchmark allocation Stock selection focuses primarily on companies with a market capitalization between 75% to 125% of the benchmark's weighted average market cap Recent IPOs and early-stage (unprofitable) companies are limited* in the portfolio Strategy Facts as of 9/30/2024Strategy Inception4/1/2005Strategy Assets$4.1 billionComposite Assets$4.0 billionNumber of Composite Accounts12Fact Sheet *Typically, unprofitable companies or recent IPOs are limited to the greater of 10% of the portfolio or 50% of the benchmark weighting.The Composite includes all discretionary accounts with market values greater than $1 million managed by Loomis Sayles that seek to identify under-exploited, high growth, small-cap companies with positive fundamentals and attractive risk/reward profiles. The strategy objective is to generate superior risk-adjusted performance over a full market cycle relative to the Russell 2000 Growth Index, and generally within the market capitalization range of the Index. As of 1/1/2021 the Composite was redefined to include commingled vehicles, previously only separate accounts were included. The Composite inception date is April 1, 2005. The Composite was created in 2005. Performance Primary Benchmark: Russell 2000 Growth Index Quarter-End Performance as of 9/30/2024CumulativeGrossNetIndex3 month6.67%6.41%8.41% Year-to-date13.92%13.08%13.22%Trailing Performance as of 9/30/2024Annualized Total ReturnGrossNetIndex1 year23.53%22.33%27.66% 3 years1.83%0.94%-0.35% 5 years10.71%9.77%8.82% 10 years11.46%10.51%8.95% Since Inception 4/1/200511.59%10.77%8.84% Period PerformanceYearGrossNetIndex202312.95%11.84%18.66% 2022-22.25%-22.83%-26.36% 202111.07%10.27%2.83% 202035.85%34.72%34.63% 201927.67%26.61%28.48% 20181.26%0.40%-9.31% 201727.89%26.80%22.17% 20166.91%5.96%11.32% 20152.28%1.40%-1.38% 20141.74%0.93%5.60% 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 9/30/2024% Assets @ERROR% Top 10 holdings may not be representative of current or future holdings and will evolve over time. x < Page: / > Download PDF