(PUB) Investing 2016
23
April 2016
Morningstar FundInvestor
Data through March 31, 2016 FINRA members: For internal or institutional use only. Natixis ASG Global Alternatives A
Ticker GAFAX
Yield 0.0%
Total Assets $3,250 mil
Mstar Category Multialternative
Benchmark 1: Morningstar Mod Tgt Risk TR USD Benchmark 2: Morningstar Mod Tgt Risk TR USD Morningstar Analyst Rating 08-04-15 ´
Investment Style Equity
Historical Profile Return Risk Rating Below Avg Above Avg QQ Below Avg
4
14.0 16.0
Growth of $10,000
Investment Values of Fund Investment Values of Benchmark 1
12.0
Morningstar Pillars Process
¶ Neutral ∞ Positive ∞ Positive ¶ Neutral ∞ Positive
10.0
Performance
People Parent
8.0
Performance Quartile (within Category)
( * ( ( & * ( )
Price
History
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 03-16
Morningstar Analyst Rating Morningstar evaluates mutual funds based on five key pillars, which its analysts believe lead to funds that are more likely to outperform over the long term on a risk-adjusted basis. Analyst Rating Spectrum Œ „ ´ ‰ Á
. .
9.69 10.39 10.67 10.26 10.62 11.33 11.12 10.48 9.61 8.95 6.94 -3.29 3.51 15.69 3.53 -2.69 -8.30 -12.83 -5.39 -3.89 -8.53 1.38 -1.36 -0.90 -10.45 -12.83 -5.39 -3.89 -8.53 1.38 -1.36 -0.90 -10.45 1.23 0.00 0.00 0.00 0.18 0.00 0.00 0.00 7.71 6.94 -3.29 3.51 15.51 3.53 -2.69 -8.30
NAV
. . . . . . . . . . . . . . . . . .
Total Return % +/- Bmark 1 +/- Bmark 2 Income Return % Capital Return % Capital Gains $ Expense Ratio % Income Ratio % Turnover Rate % Net Assets $mil Total Rtn % Rank Cat Income $
Pillar Spectrum ∞ Positive
73
34
58
53
2
30
51
97
§ Negative
¶ Neutral
. . 0.04 0.12 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.05 0.44 0.06 0.00 0.91 0.59 0.38 0.00 61.54 1.92 1.67 1.61 1.61 1.58 1.55 1.53 . 1.36 -1.33 -1.28 -1.34 -1.34 -1.35 -1.34 -1.27 . . . . . . . . . . . . . . . . . . .
Performance 03-31-16 1st Qtr 2nd Qtr
3rd Qtr
4th Qtr
Total
2012 2013 2014 2015 2016
2.63 -5.32 5.52 0.95 3.51 3.20 4.43 1.52 5.74 15.69 -1.32 3.18 -0.81 2.51 3.53 5.94 -2.27 -5.92 -0.10 -2.69
. .
0
81
203
281
127
187
150
225
187
Rating and Risk Time Period Load-Adj Return %
Portfolio Analysis 02-29-16 Total Stocks: 1 Share change since 01-31-16 Y Topix Indx Futr Mar16 Xos T S+p500 Emini Fut Mar16 Xc T Dax Index Future Mar16 Xe Y Ftse 100 Idx Fut Mar16 If R Hang Seng Idx Fut Mar16 X Y Asg Global Alt Cayman Fun
-8.30
— — — —
Morningstar Rtn vs Cat
Morningstar Risk vs Cat
Morningstar Risk-Adj Rating
Sector
YTD Ret % % Assets
Trailing
Total Return%
+/- Bmark 1
+/- Bmark 2
%Rank Cat
Growth of $10,000
— — — — — —
— 17.86 — 8.48 — 8.26 — 3.20 — 2.85 — 1.12
1 Yr 3 Yr 5 Yr
-20.61
3 Mo 6 Mo
-8.30 -10.45 -10.45 -8.39 -12.93 -12.92 -15.77 -14.73 -14.72 1.17 -3.42 -3.42 0.98 -4.49 -4.48
97 9,170 98 9,161 96 8,423 42 10,356 64 10,501
+Avg QQ +Avg QQ
-0.81 -0.21
-Avg -Avg
1 Yr
10 Yr Incept
— — — —
3 Yr Avg 5 Yr Avg 10 Yr Avg 15 Yr Avg
1.80
— — — — — — — — — —
Other Measures
Standard Index
Best Fit Index
Alpha
-1.7 0.66
-0.5 0.42
Current Investment Style
Sector Weightings h Cyclical r BasicMat t CnsmrCyc y FinanSvcs u Real Est j Sensitive i CommSrvs o Energy p Industrl a Technlgy k Defensive s CnsmrDef d Hlthcare f Utilities
% of Stocks
Rel Bmark 1
Beta
Market Cap % Giant — Large — Mid — Small — Micro — Avg $mil: —
Value Blend Growth
Tax Analysis
Tax Adj Rtn% %Rank Cat Tax-Cost Rat %Rank Cat
R-Squared
36
48
Large Mid Small
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash 122.7 Stocks 8.3 Bonds -32.8 Other 1.8 Foreign — (% of Stock)
3 Yr (estimated) 5 Yr (estimated) 10 Yr (estimated)
-2.59 -1.31
86 89
1.80 1.11
89 73
Standard Deviation
7.85 1.17 0.18
— — — —
Mean
Sharpe Ratio
Potential Capital Gain Exposure: -16% of assets
Morningstar's Take by A.J. D'Asaro 08-04-15 Using liquid futures contracts, Natixis ASG Global Alternatives attempts to replicate the asset class (beta) exposures of the hedge fund industry. Many hedge funds weresuccessful in lurchingoutofequitiesduringthe2008 financial crisis, and management here looks to follow hedge funds’ market-timing cues. The fund appears to be doing its job, with a five-year correlation of 0.82 to the Morningstar MSCI Composite Asset-Weighted Hedge Fund Index and slightly higher returns (5.6% annualized versus 5.2% for the hedge fund index from Q2 2010 through Q2 2015). This fund’s capable team and low fees have earned the fund a Morningstar Analyst Rating of Bronze. The management team, no stranger to complex quant models, is also listed on the Bronze-rated Natixis ASG Managed Futures Strategy AMFAX. Plus, the academically gifted team appears at the forefront of hedge fund replication, led by the firm’s founder, Andrew Lo. In 2013, for instance, the fund began to give an overweighting to recent tactical shifts in hedge fund exposures, encouraging an active asset allocation, which paid off when the fund was able to quickly follow hedge
funds into strong-performing equities. In 2015, management added the two-year Treasury bond as a factor to reflect hedge funds' yield-curve positioning. The fund’s risk controls target annualized volatility of 8%, which is more risk, on average, than peers in the multialternative category. However, the fund also possesses a strict stop-loss policy, which lowers the fund’s market exposure during a drawdown. While this protects the fund against severe market declines, it can work against the fund during temporary pullbacks. For example, as a result of a drawdown in August 2011, the fund sold off equities and missed much of the subsequent 10.9% rally of the S&P 500 in October. However, such setbacks have evened out over the fund’s six-year track record. At a 1.29% net expense ratio for the Y shares, this is much cheaper than peers (1.66% on average). Hedge fund replication is still in its early innings, but this fund is a cut above the rest.
Value Measures Price/Earnings
Rel Category
— — — —
Price/Book Price/Sales
— — Price/Cash Flow — — Dividend Yield % — — Growth Measures % Rel Category Long-Term Erngs — — Book Value — — Sales — — Cash Flow — — Historical Erngs — —
Composition - Net
Profitability
%
Return on Equity Return on Assets
— — —
Net Margin
Address:
Natixis Funds Trust II Boston MA 02116
Minimum Purchase: Min Auto Inv Plan:
$2500 $1000 5.75%L
Add: $100 IRA: $1000
Add: $50
800-225-5478
Sales Fees:
Web Address:
NGAM.natixis.com
Management Fee:
1.15% mx./1.10% mn. Mgt:1.14% Dist:0.25%
Inception:
09-30-08
Actual Fees:
Advisor:
AlphaSimplex Group, LLC
Expense Projections: Income Distribution:
3Yr:$1033 5Yr:$1366 10Yr:$2304
Subadvisor:
None
Semi-Annually
A
ß ® Mutual Funds
©2016Morningstar, Inc.All rights reserved. The information herein is not represented orwarranted to be accurate, complete or timely. Past performance is no guarantee of future results.Access updated reports at www.morningstar.com . To order reprints, email reprints@morningstar.com
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