Small Cap Value / Small Mid Cap Core
Backed by decades of equity experience, our team combines deep research with a disciplined bottom-up approach.
$2.8B
Assets under management
1991
34 years since flagship strategy inception
36+
Average years of investment industry experience
Numbers as of 09/30/2025
Our philosophy is rooted in the belief that known and recurring inefficiencies are available in the small cap market causing stock prices to deviate from their intrinsic value.
The team of dedicated, independent thinking investment professionals relies on strong fundamental research and a repeatable investment process to select attractively valued, high-quality small capitalization companies with potential for sustainable growth and profitability.
Our Approach
The investment approach is characterized by a patient, fundamental, and bottom-up process that employs rigorous security analysis to help identify investment opportunities arising from market inefficiencies.
The team’s process highlights three core attributes: in-depth security research, focus on market inefficiencies, and a long-term investment horizon.
We are patient investors. Team-driven, proprietary research drives our investment process.
Portfolio Manager
Our Differentiators
The philosophy centers on capitalizing on known, recurring inefficiencies in the smaller-cap markets, causing stock prices to deviate from their intrinsic values.
Consistent Philosophy & Process
Strict adherence to our investment philosophy and process, is essential regardless of the market environment.
Valuation
The net present value of cash flow the business can distribute to shareholders is the best determinant of the value of the enterprise.
Security Selection
Security selection is the key driver of return over sector rotation or market timing.
Long Time Horizon
We employ a long time horizon which allows us to look through short term disruptions in order to determine the true earnings power of the enterprise.
Deep Research
Our research analysts develop deep understanding of their sector/industries and have the willingness and ability to explore under-followed and special situation companies.
How We Invest
We focus on quality, valuation and diversification which has led to persistent risk/reward exposure
Quality
Businesses we believe have competitive advantages (moat), growth of enterprise value over time & capable management teams
Valuation
Discounted valuation offers upside potential and risk management
Inefficiencies
Allows the team to capitalize on inefficiencies by using patience, resources & skill
Catalyst
Identification of company specific catalyst that can help to close the valuation gap while seeking to avoid a “value trap”
Cash flow
Assess the long-term value of the business and opportunities for future capital deployment
4 Investment Offerings
| Strategy Name | Type | AUM | Inception Date |
|---|---|---|---|
| Small Cap Value | Equity | $1.5 billion | 5/13/1991 |
| Small/Mid Cap | Equity | $1.5 billion | 4/1/1998 |
| Product Name | Asset Class | Documents |
|---|---|---|
| Equity | ||
| Document | ||
| Equity | ||
| Document | ||
Monthly performance as of 12/31/2025
|
Product Name Ticker • Share Class
|
Asset Class | NAV* | 1Y | 3Y | 5Y | 10Y | Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|
| Small Cap Value Fund LSCRX • Class R | Equity | 19.16 | 5.18% | 11.51% | 9.51% | 8.73% | 9.08% | 12/31/1996 |
| Small Cap Value Fund LSCNX • Class N | Equity | 20.08 | 5.55% | 11.86% | 9.85% | 9.07% | 9.15% | 2/1/2013 |
| Small Cap Value Fund LSSCX • Class I | Equity | 20.07 | 5.44% | 11.80% | 9.79% | 9.00% | 11.15% | 5/13/1991 |
| Small Cap Value Fund LSVAX • Class A | Equity | 16.54 | 4.90% | 11.23% | 9.24% | 8.45% | 8.26% | 1/2/1998 |
|
Product Name
Ticker • Share Class
|
Asset Class | NAV* | Prev NAV | % Change | Last Distribution | As of Date |
|---|---|---|---|---|---|---|
|
Small Cap Value Fund
LSCRX •
Class R
|
Equity | $20.54 | $20.59 | -0.24% | $3.4589 | 1/16/2026 |
|
Small Cap Value Fund
LSCNX •
Class N
|
Equity | $21.52 | $21.58 | -0.28% | $3.5245 | 1/16/2026 |
|
Small Cap Value Fund
LSSCX •
Class I
|
Equity | $21.52 | $21.57 | -0.23% | $3.5117 | 1/16/2026 |
|
Small Cap Value Fund
LSVAX •
Class A
|
Equity | $17.73 | $17.77 | -0.23% | $3.4162 | 1/16/2026 |
|
Product Name
Ticker • Share Class
|
Asset Class | Documents |
|---|---|---|
|
Small Cap Value Fund
LSCRX • Class R
|
Equity | |
| Documents | ||
|
Small Cap Value Fund
LSCNX • Class N
|
Equity | |
| Documents | ||
|
Small Cap Value Fund
LSSCX • Class I
|
Equity | |
| Documents | ||
|
Small Cap Value Fund
LSVAX • Class A
|
Equity | |
| 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.
Small Cap Value Fund Gross expense ratio: (N) 0.88%, (I) 0.96%, (R) 1.21%, (Admin) 1.47%; Net expense ratio: (N) 0.85%, (I) 0.90%, (R) 1.15%, (Admin) 1.40%; 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.
| Product Name | Team |
|---|---|
| Small/Mid Cap with Managed Accounts | Small Cap Value / Small Mid Cap Core |
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Contact the Small Cap Value Team
We’re looking forward to hearing from you.
Keith Weigel, CFA
Investment Director
Important Disclosure
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.
Investing involves risk including possible loss of principal.
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.
Loomis Sayles Funds | 800.633.3330