Global Equity Opportunities
Our collaborative process where ideas are challenged and debated focuses on capturing earnings growth in high-quality businesses—and, in turn, generating strong risk-adjusted returns.
$10.1B*
Assets Under
Management
8
Investment professionals
24+
Average years of investment industry experience
Numbers as of 09/30/2025
Our team is dedicated to delivering consistent, risk-adjusted returns through a disciplined, research-driven approach to global equity investing.
Led by portfolio managers Eileen Riley, CFA, and Lee Rosenbaum, whose partnership spans well over a decade, we leverage deep industry knowledge and experience to help identify compelling opportunities across sectors, geographies, and market capitalizations.
Our Alpha Drivers
We believe investing in attractively valued, high quality companies with the ability to grow their intrinsic value helps us to capitalize on two market inefficiencies: a duration effect (a company’s ability to add value through the compounding of its free cash flow) and mispricing. This disciplined framework ensures that only the most compelling opportunities make it into the portfolio.
Quality
Companies with a durable competitive advantage
Market inefficiency: Duration Effect
Intrinsic Value Growth
Companies with a positive slope to their free cash flow growth
Market inefficiency: Duration Effect
Valuation
Companies with attractive cash flow driven valuations
Market inefficiency: Mispricing
Our Philosophy & Investment Process
We employ a disciplined bottom-up investment approach that is unconstrained by style, sector, or geography, resulting in a concentrated portfolio of our highest-conviction ideas.
Our process begins with rigorous idea generation through fundamental research and tracking lists maintained by analysts. Each idea undergoes our collaborative research process focused on three pillars:
Quality, Intrinsic Value Growth, & Valuation.
Idea Generation
Analysts maintain tracking lists of 50–70 stocks as a launch pad for research, guided by our three alpha drivers.
Quality Assessment
Evaluate multiple dimensions of quality: management strength, capital allocation, return on invested capital, business model, market structure, intangible assets, and ESG factors.
Intrinsic Value Growth
Focus on five Free Cash Flow growth drivers—revenue growth, margin expansion, corporate restructuring, capital intensity, and capital allocation.
Valuation
Use Discounted Cash Flow modeling and scenario analysis (base, downside, best case) to forecast cash flows and price targets.
Collaborative Process
Ideas are challenged and debated to ensure only the highest conviction investments are included.
Robust Risk Management
Risk management is integrated throughout the investment process, ensuring security-specific risks are carefully assessed and managed at every stage.
Our Key Attributes
A disciplined bottom-up approach to unconstrained global equity investing.
Unconstrained
Unconstrained by sector, geography and style
Concentrated
Concentrated strategy consisting of our best ideas
Long-term
Long-term investment horizon helps us to fully capture the duration effect
Security Specific Risk
Security specific risk managed through deep fundamental research and portfolio construction
3 Investment Offerings
| Strategy Name | Type | AUM | Inception Date |
|---|---|---|---|
| Global Allocation | Balanced | $7.6 billion | 5/1/1996 |
| Global Equity Opportunities | Equity | $7.8 billion | 10/1/2004 |
| Product Name | Asset Class | Documents |
|---|---|---|
| Balanced | ||
| Document | ||
| Equity | ||
| Document | ||
Monthly performance as of 11/30/2025
|
Product Name Ticker • Share Class
|
Asset Class | NAV* | 1Y | 3Y | 5Y | 10Y | Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|
| Global Allocation Fund LSWWX • Class Y | Balanced | 27.43 | 8.25% | 13.80% | 6.93% | 9.03% | 9.35% | 5/1/1996 |
| Global Allocation Fund LGMNX • Class N | Balanced | 27.47 | 8.34% | 13.90% | 7.03% | – | 9.59% | 2/1/2017 |
|
Product Name
Ticker • Share Class
|
Asset Class | NAV* | Prev NAV | % Change | Last Distribution | As of Date |
|---|---|---|---|---|---|---|
|
Global Allocation Fund
LSWWX •
Class Y
|
Balanced | $25.91 | $25.87 | 0.15% | $2.0085 | 12/26/2025 |
|
Global Allocation Fund
LGMNX •
Class N
|
Balanced | $25.93 | $25.88 | 0.19% | $2.0314 | 12/26/2025 |
|
Product Name
Ticker • Share Class
|
Asset Class | Documents |
|---|---|---|
|
Global Allocation Fund
LSWWX • Class Y
|
Balanced | |
| Documents | ||
|
Global Allocation Fund
LGMNX • Class N
|
Balanced | |
| Documents | ||
*Net asset value is a mutual fund’s price per share. The value is calculated daily, based on the value of the securities in the portfolio at market close.
Gross expense ratio is the fund’s total annual operating expense ratio before any fee waivers or reimbursements.
Net expense ratio is the fund’s total annual operating expense ratio after any fee waivers or reimbursements.
Performance data shown 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. Performance for periods less than one year is cumulative, not annualized. Returns include changes in share price and reinvestment of dividends and capital gains, if any.
Global Allocation Fund Gross expense ratio: (N) 0.82%, (Y) 0.91%; Net expense ratio: (N) 0.82%, (Y) 0.91%; As of the most recent prospectus, the investment advisor has contractually agreed to waive fees and/or reimburse expenses (with certain exceptions) once the expense limitation of the fund has been exceeded. This arrangement is set to expire on 1/31/26. When an expense limitation has not been exceeded, the fund may have similar expense ratios.
Meet the Team
Portfolio Managers Lee Rosenbaum and Eileen Riley have been leading the Global Equity Opportunities team for well over a decade. They are supported by a team of dedicated analysts and associates who share their commitment to the strategy’s philosophy and process.
Thought leadership and insights from the team
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Contact the Global Equity Opportunities Team
We’re looking forward to hearing from you.
Raffaello Distefano, CFA
Investment Director
*Includes assets that may be counted as part of other strategies.
Important Disclosures
This marketing communication is provided for informational purposes only and should not be construed as investment advice. Investment decisions should consider the individual circumstances of the particular investor. Any opinions or forecasts contained herein, reflect the subjective judgments and assumptions of the authors only, and do not necessarily reflect the views of Loomis, Sayles & Company, L.P. Investment recommendations may be inconsistent with these opinions. There is no assurance that developments will transpire as forecasted and actual results will be different. Information, including that obtained from outside sources, is believed to be correct, but we cannot guarantee its accuracy. This information is subject to change at any time without notice.
KEY RISKS: Equity Risk, Market Risk, Non-US Securities Risk, Liquidity Risk
Investment vehicles may not be available to all investors and are subject to eligibility.
There is no guarantee that the investment objective will be realized or that the strategy will generate positive or excess return.
Any investment that has the possibility for profits also has the possibility of losses, including the loss of principal.
Diversification does not ensure a profit or guarantee against a loss.
Market conditions are extremely fluid and change frequently.
Past performance is no guarantee of future results.
Before investing, consider the fund’s investment objectives, risks, charges, and expenses. You may obtain a prospectus or a summary prospectus containing this and other information on this website. Read it carefully.
Natixis Distribution, LLC (fund distributor, member FINRA|SIPC) and Loomis, Sayles & Company, L.P. are affiliated.