Posted inHead To Head

HEAD-TO-HEAD: Fidelity vs Loomis Sayles

FSA compares the Fidelity America Fund and the Loomis Sayles US Growth Equity Fund.
by Francis Nikolai Acosta

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Conclusion

The Fidelity fund received a Morningstar analyst rating of Bronze and a four-star rating, while the Loomis Sayles fund received a (higher) Silver analyst rating.

Although the Loomis Sayles fund does not have a star rating yet, its UK-domiciled mirror fund has a four-star rating.

Morningstar’s analyst rating is a forward-looking analysis of a fund, while the star rating looks at historical risk-adjusted performance.

Tsymbaluk did not say which fund she prefers, but instead referred to the analyst rating. “The Loomis Sayles manager has been consistent with his strategy for at least 10 years.”

Although the Loomis Sayles fund performed better than the Fidelity product, she believes it was a result of the differences in styles. “So it would be unfair to compare their performance,” she said.

Investors considering the funds should take note of some features, she said. For example, value investors looking at the Fidelity fund should be aware that it is not a deep-value fund and does not have any exposure to materials.

For growth investors looking at the Loomis Sayles fund, they should be aware that the product has the flexibility to invest up to 20% in global stocks. As of the end of July, the fund has around 15% of its assets invested outside the US, according to Morningstar data.

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