Fund Evaluator:
Natixis US Equity Opportunities N (NESNX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Natixis US Equity Opportunities N Overview
Natixis US Equity Opportunities N (NESNX) is an actively managed U.S. Equity Large Blend fund. Natixis Funds launched the fund in 2017.
The investment seeks long-term growth of capital. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in equity securities. Equity securities may include common stocks and preferred stocks. Under normal market conditions, it will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in securities of U.S. issuers. The fund's approach to equity investing combines the styles of two subadvisers in selecting securities for each of the fund's segments.
About Natixis US Equity Opportunities N (NESNX)
There are 4 members of the management team with an average tenure of 9.55 years: Aziz Hamzaogullari (2011), Robert Bierig (2022), Michael Nicolas (2020), William Nygren (2014). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 TR USD index with a weighting of 100%. Natixis US Equity Opportunities N has 75 securities in its portfolio. The top 10 holdings constitute 32.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Natixis US Equity Opportunities N is part of the Equity global asset class and is within the U.S. Equity fund group. Natixis US Equity Opportunities N has 3.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.3%. There is 3.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Natixis US Equity Opportunities N has 2.1% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NESNX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Natixis US Equity Opportunities N expense ratio is above average compared to funds in the Large Blend category. Natixis US Equity Opportunities N has an expense ratio of 0.75%, which is 8% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Natixis US Equity Opportunities N has a portfolio turnover rate of 38%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of July 2026, Natixis US Equity Opportunities N returned 3.4%, which earned it a grade of A, as the Large Blend category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Natixis US Equity Opportunities N has a trailing yield of 0.20%, which is below the 0.56% category average. The fund normally distributes its income annually and its capital gains semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Natixis US Equity Opportunities N Grades
Year to date, the fund has returned 1.3%, 8.0 percentage points worse than the category, which translates into a grade of F. The fund has returned 8.4% over the past year (grade of F), 16.2% over the past three years (grade of D) and 10.9% per year over the past five years (grade of C) and 14.9% per year over the past 10 years (grade of A).
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NESNX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NESNX Return (NAV) | 3.4% | 2.8% | 8.4% | 16.2% | 10.9% | 14.9% |
| NESNX Grade | A | F | F | D | C | A |
| +/- Category | 3.0% | -1.3% | -9.1% | -1.2% | -0.2% | 1.2% |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| NESNX Tax Cost Ratio | na | na | 1.6% | 1.7% | 1.9% | na |
NESNX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NESNX Return (NAV) | 1.3% | 17.7% | 25.6% | 37.4% | -20.9% | 23.5% | 22.5% | 31.4% | -6.1% | 26.6% | 11.9% |
| NESNX Grade | F | B | A | A | F | F | A | B | D | A | B |
| +/- Category | -8.0% | 1.9% | 3.5% | 13.8% | -3.6% | -3.0% | 4.9% | 1.6% | -0.2% | 5.3% | 1.7% |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 14.0% |
| Total Risk Index: | 1.14 - Above Average |
| Category Risk Index: | 1.06 - High |
| Category Risk Grade: | F (83% Rank) |
| Beta: | 0.97 |
| R-Squared: | 82% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $1179 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | N |
| Portfolio Turnover: | 38% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 15.3 years | |||
| Average Tenure: 9.6 years | |||
| Managers (Year): Hamzaogullari Aziz (2011), Nygren William (2014), Nicolas Michael (2020), Bierig Robert (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 75 |
| % in Top 10 Holdings: | 32.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.6% |
Portfolio Allocation |
|
| Domestic Stock: | 94.3% |
| Foreign Stock: | 3.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.1% |
Purchase Information
| Fund Family: | Natixis Funds |
| Phone Number: | 800-225-5478 |
| Website: | www.funds.natixis.com |
| Status: | Open |
| Inception Date: | May 1, 2017 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.75% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Natixis US Equity Opportunities A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
