fund

Rated

This is one of our rated funds. They’re the ones our experts believe will do well for investors over the longer term. Top of the class!

Loomis Sayles Global Growth Equity S2/A GBP

  • 14458.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.40%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.40%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 22 October 2021

The fund seeks to produce long-term, excess returns against the MSCI All Country World Index over at least a 5-year cycle. Manager Aziz Hamzaogullari invests in a focused portfolio of large-cap companies which he believes will produce long-term profit growth and are trading at a significant discount to their intrinsic value. Hamzaogullari and his team take an active, bottom-up investment approach, looking at a company's individual strengths including sustainable competitive advantages. Once invested he looks to hold stocks for many years to take advantage of their growth. The portfolio mostly consists of stocks from developed nations such as the US but also Emerging Markets primarily China. Its holdings include E-commerce giant Amazon, and Kit-Kat maker Nestle.

Fund summary

Sector Global
Structure OFFSHORE FUND
Launched
Size £618m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.40%
Ongoing charges figure 0.40%

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Investment process

Hamzaogullari takes a long-term investment perspective, avoiding what he views as ‘short-sighted’ biases such as the market’s herd mentality which can overshadow company fundamentals. He believes that only 1% of global businesses have long-term sustainable growth potential and that a thorough research process is needed to identify those that are trading below their intrinsic value. Hamzaogullari has developed a seven-stage investment process based around quality, growth and valuation, to help him and his team do this. The first four steps focus on quality including looking at a company’s barriers to entry, cashflow generation and long-term shareholder orientated owners. They then looks at growth drivers for the business over a 10 year plus period and its intrinsic value range. The detailed stock reports that emerge from this process can be over 80 pages long, but it helps the team cut its investable universe down from around 150 companies to 30 or 40 in the portfolio. The stock weightings will typically be built up to 2.5% to 5% and allowed to grow to 8%. They will trim or add to the positions based on valuation. The fund’s main exposure is to the technology sector, but the team try to limit this risk by owning a mixture of both the new and old.

Manager Aziz Hamzaogullari has enjoyed huge success on the Loomis Sayles US Equity Leaders fund, and initial results on this global fund have been strong too. Both funds have a distinctive well-articulated, long-term private equity style investment process. This means the managers have a very high bar on quality, long-term growth and value and want to work closely with management teams. Given this emphasis the fund is likely to perform better in volatile and growth markets but lag in more value-centric times. Hamzaogullari benefits from working with a strong, experienced team of sector specialist analysts with the result being a concentrated portfolio of high quality, high growth stocks.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

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About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Key Investor Information

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