The Natixis U.S. Equity Opportunities ETF EQOP started trading on Sept. 17, 2020. Like its open-end sibling, this actively managed non-transparent exchange-traded fund combines two experienced managers who have posted successful long-term results at their standalone funds. Bill Nygren of Harris Associates uses a focused, valuation-sensitive approach while Aziz Hamzaogullari of Loomis Sayles compiles a concentrated, growth-driven portfolio. The open-end version’s Morningstar Analyst Rating ranges from Bronze to Neutral depending on share class level fees. The ETF is offered at 0.90%, cheaper than the A and C shares of the open-end fund but pricier than the N shares and just a tad lower than the Y shares.
Will NECCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NECCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the NECCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of NECCX’s parent organization’s priorities and whether they’re in line with investors’ interests.