Loomis Powers Natixis IM's 4th ETF
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Friday, July 7, 2023

Loomis Powers Natixis IM's 4th ETF

The folks at a $1.2-trillion-AUM (as of March 31), multinational, multi-boutique asset are teaming up with a $302-billion-AUM (as of March 31) subsidiary's $70-billion-AUM (as of May 31) growth equity strategies (GES) team to power a new ETF.

Aziz V. Hamzaogullari
Loomis, Sayles & Company
Executive Vice President, Director, Chief Investment Officer of Growth Equities Strategies
Last week, David Giunta, CEO of Natixis Investment Managers (Natixis IM [profile]) in the U.S., and Aziz Hamzaogullari, chief investment officer and founder of the GES team at Natixis affiliate Loomis, Sayles & Company, unveiled the launch of the Natixis Loomis Sayles Focused Growth ETF (LSGR on the NYSE Arca, Inc.). The new fund is a series of the Natixis ETF Trust II.

LSGR is Natixis IM's fourth ETF and its second powered by Loomis. The new fund comes with a net expense ratio of 59 basis points, which factors in 277 bps in fee waivers and expense reimbursements promised through April 30, 2026. The fund's inception date was June 29, and as of yesterday it had $5.3 million in AUM.

The Natixis team reveals that they expect to add LSGR to Natixis IM partner platforms like Envestnet, Fidelity, Pershing, and Schwab.

Natixis Advisors serves as administrator and investment advisor of LSGR, while Loomis serves as subadvisor. Hamzaogullari, an executive vice president and director at Loomis, is the new fund's PM. The fund is an active, non-diversified, focused, semi-transparent ETF (aka a translucent ETF or an active non-transparent i.e. ANT ETF) that uses the NYSE Proxy Portfolio Methodology.

"LSGR will hold 20-30 US companies only that meet our rigorous high-quality, growth, and valuation criteria," Hamzaogullari states. He describes the new ETF as leveraging Loomis' "disciplined process to hone in on an even more concentrated portfolio."

"Aziz is an established portfolio manager with a substantial asset base, a strong institutional and advisor following, and a unique vision and skill that has brought great value to his investors," Giunta states. "In partnership with Aziz, we look forward to introducing existing and new investors to the alpha potential that the new LSGR ETF represents."

The new fund's other service providers include: SS&C's ALPS Distributors, Inc. as distributor; the NYSE Group, Inc. as research vendor; PricewaterhouseCoopers LLP as independent accounting firm; and State Street Bank and Trust Company as custodian, shareholder servicing agent, and transfer agent.

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