Natixis Loomis Sayles Focused Growth ETF

Natixis Loomis Sayles Focused Growth ETF (LSGR) is an actively managed fund that holds about 20 to 30 large US growth stocks picked by Loomis Sayles. As of June 30, 2026, NVIDIA and Alphabet together made up about 29% of its assets. It is much more concentrated than broad growth index funds. Its 0.59% yearly fee is also far higher than the 0.04% charged by Vanguard Growth ETF (VUG).

• Over the year to Oct 27, 2026, LSGR returned -2.0%, 9th of 9 among similar funds.
• Its worst full calendar year was 2025 (+15.3%); its best was 2024 (+38.5%).
• The deepest fall in its price history was 22.9% (Jan 23, 2025 to Apr 8, 2025), recovered by Jun 24, 2025.

As of Jun 30, 2026, the fund held 22 securities; the ten largest made up 73.36% of assets.

By sector

• Over the three months to Jun 30, 2026, investors added a net $97.9M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +10.75%, +4.70%, -7.62%.

LSGR does not track an index. Its subadviser, Loomis, Sayles & Company, picks the stocks, with a goal of long-term growth of capital. The fund focuses on large companies but may buy companies of any size, and it normally holds about 20 to 30 securities. The manager looks for businesses with lasting competitive advantages and long-term growth drivers that should lead to above-average cash flow growth. It also wants strong cash returns on invested capital and managers focused on long-term value. It aims to buy when a share price is well below its estimate of intrinsic value, meaning what the business is really worth. It makes that estimate with its own discounted cash flow models.

The fund is non-diversified, which means it can put a larger share of its assets into a single company. As of June 30, 2026, it held 22 positions. The top ten made up about 73% of assets, and NVIDIA alone was 16.2%. There is no set rebalancing schedule. The manager considers selling when a business faces a harmful structural change, a key assumption proves wrong, a better reward-to-risk opportunity appears, or the price fully reflects intrinsic value.

LSGR is a plain stock ETF that trades on NYSE Arca. That June report showed no leverage, options or derivatives. About 4.6% of assets sat in a repurchase agreement, which is a short-term, cash-like loan.

• LSGR charges 0.59% a year, versus an average of 0.46% for the similar funds below (7th of 9, cheapest first).
• Of that, 0.5% is the management fee; the rest covers other fund expenses.
• The fee includes a 0.02% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $60 in the first year and $760 over 10 years (assuming a 5% annual return).

Its 22-stock, non-diversified growth portfolio has swung more than the market and pays no income, so it fits better as a smaller add-on than as a core holding.

LSGR could serve as a concentrated growth holding next to a broader core fund. It launched on June 29, 2023, so it has no record from the 2008, 2020 or 2022 downturns. Both of its full calendar years were gains, and the weaker one, 2025, still returned about 15%. Its deepest drop was 22.9%, from January 23 to April 8, 2025. It recovered by June 24, 2025, about 2.5 months later. Selling shares during a slide like that locks in losses. Its beta of 1.21 for the year to October 27, 2026, means it tended to swing more than the market.

It paid no distributions in the last year, so it offers no income. Its expense ratio is 0.59%. In the SEC's standard $10,000 example, costs total about $760 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.