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Natixis Oakmark Fund
NECOX (Mutual Fund)
Natixis Oakmark Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
19.1%
1 yr return
24.8%
3 Yr Avg Return
10.3%
5 Yr Avg Return
15.0%
Net Assets
$847 M
Holdings in Top 10
28.6%
52 WEEK LOW AND HIGH
$24.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.90%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 23.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
NECOX - Profile
Distributions
- YTD Total Return 19.1%
- 3 Yr Annualized Total Return 10.3%
- 5 Yr Annualized Total Return 15.0%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio -0.49%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameNatixis Oakmark Fund
-
Fund Family NameNatixis Loomis Sayles Funds
-
Inception DateMay 01, 2017
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWilliam Nygren
Fund Description
Under normal market conditions, the Fund primarily invests in common stocks of U.S. companies. The Fund generally invests in securities of larger capitalization companies in any industry. Harris Associates L.P. (“Harris Associates”) uses a value investment philosophy in selecting equity securities, including common stocks. This value investment philosophy is based upon the belief that, over time, a company’s stock price converges with the company’s intrinsic value. By “intrinsic value,” Harris Associates means its estimate of the price a knowledgeable buyer would pay to acquire the entire business. Harris Associates believes that investing in securities priced significantly below what Harris Associates believes is a company’s intrinsic value presents the best opportunity to achieve the Fund’s investment objectives.
Harris Associates uses this value investment philosophy to identify companies that it believes have discounted stock prices compared to what Harris Associates believes are the companies’ intrinsic values. In assessing such companies, Harris Associates looks for the following characteristics, although not all of the companies selected will have these attributes: (1) free cash flows and intelligent investment of excess cash; (2) earnings that are growing and are reasonably predictable; and (3) high level of company management alignment with shareholders.
Once Harris Associates identifies a stock that it believes is selling at a significant discount to Harris Associates’ estimate of intrinsic value and that the issuer has one or more of the additional qualities mentioned above, Harris Associates generally will consider buying that security for the Fund. Harris Associates usually sells a security when the price approaches its estimated value or the issuer’s fundamentals change. Harris Associates monitors each holding and adjusts its price targets as warranted to reflect changes in the issuer’s fundamentals. The Fund’s portfolio typically holds 30 to 60 stocks.
NECOX - Performance
Return Ranking - Trailing
| Period | NECOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.1% | -12.3% | 48.1% | 46.16% |
| 1 Yr | 24.8% | -7.1% | 60.7% | 35.21% |
| 3 Yr | 10.3%* | -4.2% | 31.7% | 17.76% |
| 5 Yr | 15.0%* | 0.1% | 45.6% | 3.22% |
| 10 Yr | 11.5%* | 1.8% | 25.4% | 5.99% |
* Annualized
Return Ranking - Calendar
| Period | NECOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 25.0% | -16.9% | 46.1% | 1.41% |
| 2022 | -28.8% | -64.7% | 4.6% | 97.91% |
| 2021 | 22.6% | -44.2% | 57.5% | 19.08% |
| 2020 | 1.3% | -23.2% | 285.0% | 35.01% |
| 2019 | 13.6% | -21.4% | 48.5% | 85.33% |
Total Return Ranking - Trailing
| Period | NECOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.1% | -12.3% | 48.1% | 46.16% |
| 1 Yr | 24.8% | -7.1% | 60.7% | 35.21% |
| 3 Yr | 10.3%* | -4.2% | 31.7% | 17.76% |
| 5 Yr | 15.0%* | 0.1% | 45.6% | 3.22% |
| 10 Yr | 11.5%* | 1.8% | 25.4% | 5.99% |
* Annualized
Total Return Ranking - Calendar
| Period | NECOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 30.0% | -15.9% | 46.7% | 1.31% |
| 2022 | -14.0% | -42.0% | 8.5% | 96.01% |
| 2021 | 33.0% | 3.6% | 129.7% | 4.89% |
| 2020 | 12.1% | -22.6% | 304.8% | 6.32% |
| 2019 | 25.8% | -12.7% | 52.1% | 46.18% |
NAV & Total Return History
NECOX - Holdings
Concentration Analysis
| NECOX | Category Low | Category High | NECOX % Rank | |
|---|---|---|---|---|
| Net Assets | 847 M | 126 K | 163 B | 51.68% |
| Number of Holdings | 54 | 2 | 1727 | 74.21% |
| Net Assets in Top 10 | 242 M | 466 K | 39.5 B | 51.78% |
| Weighting of Top 10 | 28.63% | 4.4% | 99.1% | 45.22% |
Top 10 Holdings
- Alphabet Inc 3.14%
- Fiserv Inc 3.11%
- FIXED INC CLEARING CORP.REPO 3.01%
- Deere Co 2.95%
- Citigroup Inc 2.90%
- Charles Schwab Corp/The 2.73%
- General Motors Co 2.71%
- Intercontinental Exchange Inc 2.71%
- IQVIA Holdings Inc 2.69%
- CBRE Group Inc 2.68%
Asset Allocation
| Weighting | Return Low | Return High | NECOX % Rank | |
|---|---|---|---|---|
| Stocks | 97.07% | 4.16% | 102.49% | 73.18% |
| Other | 3.01% | -2.59% | 39.89% | 2.99% |
| Preferred Stocks | 0.00% | 0.00% | 13.68% | 32.52% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 28.17% |
| Cash | 0.00% | 0.00% | 17.28% | 97.85% |
| Bonds | 0.00% | 0.00% | 97.99% | 30.65% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NECOX % Rank | |
|---|---|---|---|---|
| Financial Services | 31.41% | 0.00% | 58.05% | 1.79% |
| Communication Services | 16.47% | 0.00% | 26.58% | 2.08% |
| Consumer Cyclical | 11.47% | 0.00% | 22.74% | 6.60% |
| Energy | 10.87% | 0.00% | 54.00% | 18.96% |
| Technology | 9.15% | 0.00% | 54.02% | 64.91% |
| Healthcare | 7.33% | 0.00% | 30.08% | 97.17% |
| Industrials | 6.05% | 0.00% | 42.76% | 91.79% |
| Consumer Defense | 6.00% | 0.00% | 34.10% | 78.49% |
| Real Estate | 1.25% | 0.00% | 90.54% | 70.19% |
| Utilities | 0.00% | 0.00% | 27.04% | 91.23% |
| Basic Materials | 0.00% | 0.00% | 21.69% | 93.68% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NECOX % Rank | |
|---|---|---|---|---|
| US | 97.07% | 4.16% | 102.49% | 53.93% |
| Non US | 0.00% | 0.00% | 24.08% | 49.81% |
NECOX - Expenses
Operational Fees
| NECOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.90% | 0.03% | 14.82% | 7.69% |
| Management Fee | 0.67% | 0.00% | 1.50% | 70.85% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 85.87% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| NECOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 0.95% | 5.00% | 34.13% |
Trading Fees
| NECOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| NECOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 23.00% | 0.00% | 488.00% | 28.42% |
NECOX - Distributions
Dividend Yield Analysis
| NECOX | Category Low | Category High | NECOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.02% | 0.00% | 16.67% | 35.92% |
Dividend Distribution Analysis
| NECOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| NECOX | Category Low | Category High | NECOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.49% | -1.51% | 4.28% | 98.66% |
Capital Gain Distribution Analysis
| NECOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 10, 2024 | $0.003 | OrdinaryDividend |
| Apr 10, 2024 | $0.167 | CapitalGainLongTerm |
| Dec 28, 2023 | $0.014 | OrdinaryDividend |
| Dec 28, 2023 | $0.830 | CapitalGainLongTerm |
| Apr 10, 2023 | $0.000 | OrdinaryDividend |
| Dec 29, 2022 | $3.156 | OrdinaryDividend |
| Apr 07, 2022 | $0.359 | OrdinaryDividend |
| Dec 30, 2021 | $1.918 | OrdinaryDividend |
| Apr 08, 2021 | $0.071 | OrdinaryDividend |
| Dec 30, 2020 | $1.982 | OrdinaryDividend |
| Apr 08, 2020 | $0.033 | OrdinaryDividend |
| Dec 30, 2019 | $0.066 | OrdinaryDividend |
| Dec 30, 2019 | $0.837 | CapitalGainLongTerm |
| Apr 10, 2019 | $0.001 | ExtraDividend |
| Apr 10, 2019 | $1.049 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.082 | CapitalGainShortTerm |
| Dec 28, 2018 | $1.520 | CapitalGainLongTerm |
| Apr 10, 2018 | $0.008 | CapitalGainShortTerm |
| Apr 10, 2018 | $0.412 | CapitalGainLongTerm |
| Dec 28, 2017 | $0.005 | CapitalGainShortTerm |
| Dec 28, 2017 | $0.630 | CapitalGainLongTerm |
| Apr 07, 2017 | $0.001 | ExtraDividend |
| Apr 07, 2017 | $0.306 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.198 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.012 | OrdinaryDividend |
| Apr 07, 2016 | $0.002 | ExtraDividend |
| Apr 07, 2016 | $0.020 | CapitalGainShortTerm |
| Apr 07, 2016 | $0.406 | CapitalGainLongTerm |
| Dec 29, 2015 | $0.042 | CapitalGainShortTerm |
| Dec 29, 2015 | $0.526 | CapitalGainLongTerm |
| Dec 29, 2015 | $0.002 | OrdinaryDividend |
| Apr 08, 2015 | $0.002 | ExtraDividend |
| Apr 08, 2015 | $0.015 | CapitalGainShortTerm |
| Apr 08, 2015 | $0.044 | CapitalGainLongTerm |
| Dec 29, 2014 | $0.397 | CapitalGainShortTerm |
| Dec 29, 2014 | $2.187 | CapitalGainLongTerm |
| Dec 29, 2014 | $0.021 | OrdinaryDividend |
| Apr 08, 2014 | $0.529 | CapitalGainLongTerm |
| Dec 27, 2013 | $0.706 | CapitalGainLongTerm |
| Dec 26, 2012 | $0.022 | OrdinaryDividend |
| Apr 12, 2011 | $0.004 | ExtraDividend |
| Apr 13, 2010 | $0.014 | ExtraDividend |
| Apr 14, 2009 | $0.006 | ExtraDividend |
| Dec 19, 2008 | $0.025 | OrdinaryDividend |
| Apr 14, 2008 | $0.001 | ExtraDividend |
NECOX - Fund Manager Analysis
Managers
William Nygren
Start Date
Tenure
Tenure Rank
Feb 28, 2014
8.26
8.3%
William Nygren is a Partner and Portfolio Manager at Harris Associates L.P. He joined Harris Associates in 1983 as an investment analyst and later served as the firm’s director of research. Previously, he was an investment analyst with Northwestern Mutual Life Insurance Company. Mr. Nygren earned a BS in accounting from the University of Minnesota (1980) and an MS in finance from the University of Wisconsin – Madison’s Applied Security Analysis Program (1981). He is a CFA® charterholder.
M. Colin Hudson
Start Date
Tenure
Tenure Rank
Feb 28, 2014
8.26
8.3%
M. Colin Hudson, CFA, is a Vice President, portfolio manager and analyst of Harris Associates L.P.. He joined Harris Associates L.P. in 2005. Mr. Hudson holds an M.B.A. in Finance from Indiana University (1999), an M.S. in Geology from Indiana University (1995) and a B.A. in Economics from DePauw University (1992).
Michael Mangan
Start Date
Tenure
Tenure Rank
Aug 01, 2014
7.84
7.8%
Michael Mangan is Partner, Portfolio Manager and Head of Private Wealth Management at Harris Associates L.P. He joined the firm in 1997 and has over 28 years of investment experience. Previously, Mr. Mangan worked at Stein Roe & Farnham managing portfolios for institutions and individuals and served as senior auditor at Continental Bank. Prior to that, he was with 1st Source Bank and First Bank Milwaukee N.A. Mr. Mangan received his BBA from the University of Iowa in 1985 and his MBA from Northwestern University in 1992. He is a Certified Public Accountant and a CFA® charterholder.
Michael Nicolas
Start Date
Tenure
Tenure Rank
Jan 28, 2020
2.34
2.3%
Mr. Nicolas joined the Harris Associates L.P. as an analyst in 2013. He holds a B.A. in Business Administration from the University of Wisconsin—Madison (2002).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.12 | 6.71 |
