January 2011
FLASH AWARDS Bronze “Pyramid” award for Gateway US Equities Fund In early December 2010, the Investissement Conseils(1) magazine awarded the Gateway US Equities Fund with the Bronze Pyramid in the “North American equities” category, which is covered by the Pyramid awards for fund management.
About Gateway US Equities Fund The Gateway US Equities Fund is invested in North American equities and actively uses equity index derivatives to deliver consistent performance. Over a minimum recommended investment horizon of three years, the fund’s strategy combines the management of a portfolio of stocks hedged against sharp market falls with call options that generate regular income through the collection of premiums. This investment strategy is implemented irrespective to the market conditions. Gateway US Equities Fund is managed by Gateway Investment Advisers LLC.
Gateway Investment Advisers LLC Gateway Investment Advisers LLC is an affiliate in the multiboutique model to which Natixis Asset Management offers - in France special access. With international scope, Gateway Investment Advisers LLC, which is based in the US, has specialized in the management of hedged equity strategies since 1977. As of September 30, 2010, the firm had USD 5.3 billion under management. Gateway US Equities Fund’s management team includes three co-managers, who have all together 10 to 20 years’ experience in the USA of managing the innovative “Gateway Fund”. The management strategy of Gateway US Equities Fund is the same as that of the Gateway Fund.
The multi-boutique model Natixis Asset Management is the European expert of Natixis Global Asset Management. Based in Paris, it is among the top European asset managers with EUR 304 billion under management and around 670 employees as of 30 September 2010. Natixis Asset Management also offers a direct access to different expertise: internationally, via the multi-boutique model of Natixis Global Asset Management and the expertise of its fund managers, notably in the US (Loomis Sayles & Co, L.P., Gateway Investment Advisers, L.L.C....) and Asia (Absolute Asia Asset Management Ltd).
(1) French magazine aimed at the independent financial adviser sector
www.am.natixis.com section About Natixis AM > Awards
Source: Investissement Conseils magazine no. 731 - December 2010.
The figures mentioned refer to previous years. Past performance or references to any rankings or awards are not necessarily indicators of the fund’s future results or the future achievements of its managers.
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FLASH AWARDS 2011
METHODOLOGY In 2010, the Pyramid awards for fund management from Investissement Conseils magazine honored the 27 funds or SICAVs with the best risk/reward profiles over the last three years. AWARD CRITERIA The ranking of Funds and SICAVs classified in nine different categories is calculated based on three main factors: performance, level of risk and subscription fees.
ASSESSMENT PERIOD
CATEGORIES HONORED
Funds and SICAVs were ranked over a period of three years from September 2007 to September 2010. Morningstar carried out the financial calculations on behalf of Investissement Conseils. Funds requiring a minimum subscription of EUR 10,000 or more were withdrawn from selection. Funds for which the minimum subscription was not specified were also disregarded.
Among the nine categories honored at the 2010 Pyramid awards, five relate to funds with a large proportion of their portfolio invested in developed markets (“Large caps, France” “Small and mid caps, France”, “Eurozone large caps”, “Eurozone small and mid caps”, “North American equities”).
CALCULATION METHODS The rankings for the Pyramid awards are based on risk-adjusted performance over the three year period stopping at the end of September 2010. Calculations are adjusted for subscription fees. A further adjustment is made using the risk-free rate. Morningstar measures only the amounts that exceed this rate. The risk-free rate used in Europe depends on the category in which the fund is ranked. Each of the categories is allocated a risk-free rate.
Spotlight on the Pyramid awards for “North American equities”: These awards cover several Morningstar categories: • Canadian equities • US equities, large caps, growth • US equities, large caps, mixed • US equities, large caps, value • US equities, mid caps • US equities, small caps Results over three years were negative in most cases, with only a small number of funds posting positive performances, despite moderate volatility.
This document has been prepared by the Communications Department - January 2011.
Three Pyramid awards are presented in each category: gold, silver and bronze.
For additional information: http://www.investissementconseils.com/ http://www.morningstar.fr/
The figures mentioned refer to previous years. Past performance or references to any rankings or awards are not necessarily indicators of the fund’s future results or the future achievements of its managers.
www.am.natixis.com
FLASH AWARDS 2011
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