Global Equity and Income Fund
Y shares are only available to certain institutional investors. Please click here for other share classes.
The Global Equity and Income Fund seeks high total investment return through a combination of capital appreciation and current income
Primary Benchmark:
MSCI World Index
Secondary Benchmark:
Citigroup World Government Bond Index
Portfolio Management
Dan Fuss, CFA, CIC
David Rolley, CFA
Eileen Riley, CFA
Lee Rosenbaum
Total Fund Assets (as of 4/30/2013):
$1.2 billion
Lipper Category:
Global Flexible Port Funds
Morningstar Category:
World Allocation
Strategy Highlights
- Global diversification across major asset classes and markets, has helped reduce portfolio risk historically without compromising long-term returns
- Focus on absolute returns
- Unconstrained, flexible mandate leverages Loomis Sayles’ deep global equity and fixed income resources
Investment Strategy
- Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in equity and fixed-income securities of US and foreign issuer
- Flexibility to capitalize on global fixed-income and equity market opportunities
- May be suitable for investors seeking enhanced return potential and global diversification, with the ability to take on risks of global investing
About Risk
- While the Fund offers potential for long-term capital growth, it invests in value stocks, which can fall out of favor with investors and may underperform growth stocks during certain market conditions
- The Fund is subject to currency risk, the risk of fluctuations in exchange rates between the US dollar and foreign currencies, which may cause the value of a Fund’s investments to decline. Funds that invest in securities denominated in, or receive revenues in, foreign currency are subject to currency risk
- Lower-rated debt securities have speculative characteristics because of the credit risk of their issuers and may be subject to greater price volatility than higher-rated investments. In addition, the secondary market for these securities may lack liquidity which, in turn, may adversely affect the value of these securities and that of the fund.
- Foreign investments involve special risks including greater economic, political and currency fluctuation risks, which may be even greater in emerging markets
- Mutual funds that invest in bonds can lose their value. When interest rates rise, bond prices usually fall and vice versa. Credit risk (the risk that the issuer or borrower will fail to make timely payments of interest and/or principal) is heightened for lower rated or higher yielding fixed-income securities and lower rated borrowers. In addition, lower-rated debt securities may be subject to greater price volatility
Past performance is no guarantee of future results.1For further detail regarding Minimum Initial Investment, please see the fund prospectus.
2Unlike net expense ratio, gross expense ratio does not reflect any potential reimbursement/waiver of expenses, if any, as stated in the most recent Fund prospectus. Fund expenses and expense reductions are subject to change. Expense reductions are contractual and are set to expire 1/31/2014. Investors should consult the most recent prospectus for more detailed information.
3Unsubsidized 30-day SEC yield is calculated using the gross expenses of the fund. Gross expenses do not include any fee waivers or reimbursement.
The Fund's primary benchmark index, the
MSCI World Index, is an unmanaged index that measures global developed market equity performance. The Fund's secondary index, the
Citigroup World Government Bond Index, is an unmanaged index that measures the most significant and liquid government bond indices located around the world with a rating of at least investment grade. Indexes are unmanaged and do not incur fees. It is not possible to invest directly in an index.
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Primary Benchmark: MSCI World Index
Secondary Benchmark: Citigroup World Government Bond Index
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Year-to-Date Performance as of 5/20/2013 Month-End Performance as of 4/30/2013 Cumulative
Total Return | Class Y | Primary Index | Secondary
Index |
|---|
| 3 month | 3.13% | 5.92% | -0.48% | | Year-to-date | 5.72% | 11.35% | -1.74% |
Average Annualized
Total Return | Class Y | Primary Index | Secondary
Index |
|---|
| 1 Year | 9.29% | 17.41% | -1.07% | | 3 Years | 11.74% | 10.21% | 4.35% | | 5 Years | 6.03% | 2.41% | 3.67% | | 10 Years | 10.91% | 8.87% | 5.41% |
Quarter-End Performance as of 3/31/2013 Cumulative
Total Return | Class Y | Primary Index | Secondary
Index |
|---|
| 3 month | 4.14% | 7.87% | -2.77% | | Year-to-date | 4.14% | 7.87% | -2.77% |
Average Annualized
Total Return | Class Y | Primary Index | Secondary
Index |
|---|
| 1 Year | 7.79% | 12.53% | -0.67% | | 3 Years | 11.76% | 9.08% | 3.86% | | 5 Years | 6.99% | 2.83% | 2.77% | | 10 Years | 11.28% | 9.46% | 5.42% |
Gross Expense Ratio: (Y) 0.96%; Net Expense Ratio: (Y) 0.96% Waivers/reimbursements are contractual and are set to expire 1/31/14. |
Lipper Rankings as of 4/30/2013 | | Class Y |
|---|
| 1 Year | 219/399 | | 3 Years | 2/219 | | 5 Years | 10/139 | | 10 Years | 11/61 | | Lipper Category: Global Flexible Port Funds |
Morningstar Rankings as of 3/31/2013 | | Class Y |
|---|
| 1 Year | 237/504 | | 3 Years | 4/291 | | 5 Years | 5/200 | | 10 Years | 13/92 | | Morningstar Category: World Allocation |
Lipper and Morningstar rankings are based on total returns calculated by each ranking entity. Rankings do not take into account sales charges, if applicable, but include reinvestment of dividends and capital gains, if any.
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Total return assumes reinvestment of dividends and capital gains distributions, if any.
Performance data quoted represents past performance and is no guarantee of future results. Total return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. Returns include changes in share price and reinvestment of dividends and capital gains, if any.
Lipper Analytical Services Inc., a Thomson Reuters Company, is a nationally recognized organization that provides performance information for mutual funds. Copyright 2013 © Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
© 2013 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Monthly as of 4/30/2013
| Characteristics | |
|---|
| Number of Stocks | 58 | | Annual Portfolio Turnover as of 9/30/2012 | 29% |
| Credit Quality | |
|---|
| Govt/Agency | 2.11% | | Aaa | 1.69% | | Aa | 1.89% | | A | 4.99% | | Baa | 8.67% | | Ba | 3.99% | | B | 3.15% | | Caa & Lower | 1.01% | | Not Rated | 67.11% | | Cash & Equiv | 5.39% |
|
| Sector Distribution | |
|---|
| Straight Bonds | 25.85% | | Financials | 12.66% | | Information Technology | 9.20% | | Consumer Staples | 8.88% | | Health Care | 8.39% | | Consumer Discretionary | 6.77% | | Industrials | 6.65% | | Energy | 5.77% | | Materials | 3.91% | | Utilities | 2.83% | | Telecommunication Services | 1.69% | | Convertibles | 1.04% | | Preferreds | 0.36% | | Bank Loans | 0.15% | | Cash | 5.82% |
| Country Distribution | |
|---|
| United States | 53.49% | | United Kingdom | 9.67% | | Switzerland | 3.47% | | Brazil | 3.36% | | Mexico | 2.61% | | Sweden | 2.30% | | France | 1.98% | | Germany | 1.92% | | Canada | 1.90% | | Other | 19.31% |
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Equity Top Ten Holdings
as of 4/30/2013 | % Assets |
|---|
| CITIGROUP INC | 2.3% | | ROCHE HOLDING AG-GENUSSCHEIN | 2.0% | | GOOGLE INC-CL A | 2.0% | | DIAGEO PLC | 1.9% | | SANOFI | 1.9% | | ORACLE CORP | 1.7% | | AMERICAN EXPRESS CO | 1.6% | | PRAXAIR INC | 1.6% | | CVS CAREMARK CORP | 1.6% | | NOBLE ENERGY INC | 1.6% | | Total | 18.4% | | | Fixed Income Top Ten Holdings
as of 4/30/2013 | Coupon | % Assets |
|---|
| U S TREASURY NOTES | 0.250% | 0.6% | | MEXICAN BONOS M 10 MXN | 7.750% | 0.6% | | MALAYSIAN GOV'T 0210 MYR | 4.012% | 0.5% | | BUONI POLIENNALI DEL TES EUR | 4.500% | 0.5% | | U S TREASURY NOTES | 0.375% | 0.4% | | GEORGIA PACIFIC GRP DEB | 7.250% | 0.4% | | ENERGY FUTURE INTER HLDG PIK 144A W/RTS | 11.250% | 0.3% | | KOREA TRSY BD 1709 KRW | 2.750% | 0.3% | | GOODYEAR TIRE & RUBBER | 7.000% | 0.3% | | GENERAL MOTORS CVT PFD 4.75% 12/1/13 | 4.750% | 0.3% | | Total | | 4.2% | | |
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| Click here for complete holdings |
Due to rounding, market capitalization and sector distribution totals may not equal 100.00%. 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. Price/book is a ratio that compares a stock's market value to its book value calculated by dividing current closing price of the stock by the latest quarter's book value per share.
Quarterly as of 3/31/2013
| Characteristics | Fund |
|---|
| Number of Stocks | 59 | | Annual Portfolio Turnover as of 9/30/2012 | 29% |
| Credit Quality | Fund |
|---|
| Govt/Agency | 2.15% | | Aaa | 1.83% | | Aa | 1.36% | | A | 4.86% | | Baa | 8.31% | | Ba | 3.98% | | B | 2.62% | | Caa & Lower | 1.32% | | Not Rated | 66.91% | | Cash & Equiv | 6.66% |
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| Sector Distribution | Fund |
|---|
| Straight Bonds | 25.60% | | Financials | 12.83% | | Information Technology | 9.20% | | Consumer Staples | 8.95% | | Health Care | 8.43% | | Industrials | 7.54% | | Energy | 5.72% | | Consumer Discretionary | 5.05% | | Materials | 4.19% | | Utilities | 2.74% | | Telecommunication Services | 1.96% | | Convertibles | 1.01% | | Preferreds | 0.35% | | Bank Loans | 0.15% | | Cash | 6.32% |
| Country Distribution | Fund |
|---|
| United States | 52.34% | | United Kingdom | 11.02% | | Switzerland | 3.34% | | Brazil | 3.17% | | Mexico | 2.76% | | Sweden | 2.55% | | Chile | 1.98% | | Hong Kong | 1.94% | | France | 1.84% | | Other | 19.07% |
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Equity Top Ten Holdings
as of 3/31/2013 | % Assets |
|---|
| CITIGROUP INC | 2.2% | | DIAGEO PLC | 2.0% | | GOOGLE INC-CL A | 1.9% | | ROCHE HOLDING AG-GENUSSCHEIN | 1.9% | | SANOFI | 1.8% | | AMERICAN EXPRESS CO | 1.7% | | PNC FINANCIAL SERVICES | 1.7% | | ORACLE CORP | 1.7% | | NOBLE ENERGY INC | 1.6% | | PRAXAIR INC | 1.6% | | Total | 18.2% | | | Fixed Income Top Ten Holdings
as of 3/31/2013 | Coupon | % Assets |
|---|
| U S TREASURY NOTES | 0.250% | 0.6% | | MEXICAN BONOS M 10 MXN | 7.750% | 0.5% | | MALAYSIAN GOV'T 0210 MYR | 4.012% | 0.5% | | BUONI POLIENNALI DEL TES EUR | 4.500% | 0.5% | | U S TREASURY NOTES | 0.375% | 0.4% | | GEORGIA PACIFIC GRP DEB | 7.250% | 0.4% | | ENERGY FUTURE INTER HLDG PIK 144A W/RTS | 11.250% | 0.3% | | KOREA TRSY BD 1709 KRW | 2.750% | 0.3% | | GOODYEAR TIRE & RUBBER | 7.000% | 0.3% | | THAILAND GOVT THB | 3.250% | 0.3% | | Total | | 4.2% | | |
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Due to rounding, market capitalization and sector distribution totals may not equal 100.00%. 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. Price/book is a ratio that compares a stock's market value to its book value calculated by dividing current closing price of the stock by the latest quarter's book value per share.