ASG Tactical U.S. Market Fund

Data updated: 2020-11-25

C000130928 — ASG Tactical U.S. Market Fund. Money Market · $22.29M AUM · 2.00% expense ratio · -4.6% 1-yr return. Holdings, fees, performance and SEC filings.

C000130928 Fund Overview

ASG Tactical U.S. Market Fund is a US mutual fund managed by Natixis Funds Trust II, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: Natixis Funds Trust II
Category: Money Market
Assets under management: $22.29M
1-year return: -4.6%
SEC CIK: 0000052136
SEC series ID: S000042166
Share class ID: C000130928

C000130928 Investment Objective and Strategy

ASG Tactical U.S. Market Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Natixis Funds Trust II.

Investment objective

The Fund seeks long-term capital appreciation, with emphasis on the protection of capital during unfavorable market conditions.

Principal investment strategy

"The Fund pursues its investment goal primarily through investments in equity securities that broadly represent the U.S. equities market (including common stocks, preferred stocks and exchange-traded funds (""ETFs"") related to equity investments); derivative instruments related to the U.S. equities market (primarily futures contracts on U.S. equity indices); and fixed-income securities (including money market and other short-term or variable-rate, high-quality securities and related ETFs). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in investments that are tied economically to the U.S. The Adviser considers an investment to be tied economically to the U.S. if the investment is included in an index representative of the U.S., the investment's returns are linked to the performance of such an index, or the investment is exposed to the economic risks and returns of the U.S.

The Adviser may use quantitative models to determine when to magnify the Fund's exposure to the U.S. equity market, for example, through the purchase of futures contracts, or, alternatively, when to decrease such exposure, for example, through the sale of futures contracts or through the purchase of ETFs that it believes may effectively hedge equity investments. The Adviser may increase the Fund's exposure to the U.S. equity market to up to 130% of the Fund's total assets when it believes that the risk of loss is justified by potential returns. The Adviser may decrease such exposure to as little as 0% of the Fund's total assets, in an attempt to limit the effects of extreme market drawdowns, when it believes that the risk of loss is not offset by potential returns. Such increases and decreases may lag changes in the market, and there is no guarantee that the Adviser's models will accurately predict market movement.

Because the Fund's equity market exposure will often exceed its total assets, it will be subject to increased risk compared to funds that do not leverage their equity market exposure. While this increased exposure to equity investments may magnify the Fund's potential for gains, it also may magnify the potential for loss. For these reasons, the Fund is intended for long-term investors. Equity Securities Investments. The equity securities portion of the Fund is managed by Natixis Advisors, L.P. (through its division, Active Index Advisors?) (""Natixis Advisors""), with the exception of any investments in ETFs, which are selected by the Adviser. Natixis Advisors utilizes a proprietary sampling system when deciding which securities to purchase, with the goal of tracking the performance of the large-capitalization U.S.

equity market. In an attempt to reduce adverse tax consequences, the portion of the Fund managed by Natixis Advisors may hold securities that are not considered to represent the large-capitalization U.S. equity market, or hold securities in amounts disproportionate to their weights within the large-capitalization U.S. equity market. The portfolio may experience tracking error and is not guaranteed to replicate exactly the large-capitalization U.S. equity market. Derivative Investments. As discussed above, the Adviser seeks to complement the equity portion of the Fund with investments in derivative instruments intended to enhance return and, during times of significant market decline, mitigate losses. In addition, the Adviser uses futures contracts to manage volatility and adjusts the Fund's exposure to equity investments in times of significantly increased volatility (including, when volatility is more than double the long-term average volatility of the U.S.

equity markets). As of March 31, 2018, the long-term average annualized volatility of the U.S. equity markets was 18.1%. The Fund's actual or realized volatility during certain periods or over time may materially exceed the long-term average annualized volatility of the U.S. equity markets, for various reasons, including changes in market levels of volatility and because the Fund's portfolio may include instruments that are inherently volatile. The Fund may have both ""short"" and ""long"" exposures to equity investments simultaneously. The Fund will benefit from a ""short"" exposure when equity and equity-related investments decrease in price, and will benefit from a ""long"" exposure when equity and equity-related investments increase in price. Fixed-Income Investments. The assets allocated to the fixed-income portion will be used primarily to support the Fund's investments in derivatives and, secondarily, to provide the Fund with incremental income and liquidity.

The fixed-income portion of the Fund will only invest in high-quality securities that are denominated in U.S. dollars, and will select securities for investment based on various factors, including the security's maturity and rating. The Adviser will invest primarily in (i) short-term obligations issued or guaranteed by the United States government, its agencies or instrumentalities; (ii) securities issued by foreign governments, their political subdivisions or agencies or instrumentalities; (iii) certificates of deposit, time deposits and bankers' acceptances issued by domestic and foreign banks, including domestic or foreign branches or subsidiaries of such banks; (iv) variable amount master demand notes; (v) participation interests in loans extended by banks to companies; (vi) commercial paper or similar debt obligations; and (vii) repurchase agreements.

When buying and selling securities and other instruments for the Fund, and when allocating assets to Natixis Advisors, the Adviser may consider: (i) the Adviser's proprietary quantitative models, including the outlook on volatility and market decline; (ii) the Fund's obligations under its various derivative positions; (iii) redemption requests; (iv) yield management; (v) credit management; and (vi) volatility management. The Fund will concentrate its investments in the financial services industry, which means it will normally invest at least 25% of its total assets in securities and other obligations (for example, bank certificates of deposit) of issuers in such industry. The Fund may engage in active and frequent trading of securities and other instruments. Effects of frequent trading may include high transaction costs, which may lower the Fund's return, and realization of greater short-term capital gains, distributions of which are taxable as ordinary income to taxable shareholders.

Trading costs and tax effects associated with frequent trading may adversely affect the Fund's performance. The Fund's trading in derivatives is active and frequent. Active and frequent trading of derivatives, like active and frequent trading of securities, will result in transaction costs that reduce Fund returns. With the exception of the Fund's 80% policy, the percentage limitations set forth herein are not investment restrictions and the Fund may exceed these limits from time to time. In accordance with applicable requirements of the U.S. Securities and Exchange Commission (the ""SEC""), the Fund will notify shareholders prior to any change to the 80% policy discussed above taking effect."

C000130928 Performance

Total returns for C000130928 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-4.6%

C000130928 Risk Information

Risk metrics for C000130928, derived from monthly returns in SEC filings.

1-year volatility (annualised): 23.9%

C000130928 Costs and Fees

C000130928 costs about $200 per $10,000 invested per year in fund expenses.

Net expense ratio: 2.00%
Gross expense ratio: 2.06%
Portfolio turnover: 37%
Brokerage commissions: 1.29 bps of average net assets (SEC N-CEN)

C000130928 Cashflows

Over the 12 months to 2020-09, ASG Tactical U.S. Market Fund had net outflows of $189.84M, from monthly SEC N-PORT filings.

Month	Net flow
2020-09	−$79.50M
2020-08	−$13.63M
2020-07	−$5.90M
2020-06	−$4.31M
2020-05	−$2.53M
2020-04	−$13.21M

C000130928 Debt Constituents

No individual debt constituents are reported in ASG Tactical U.S. Market Fund's latest SEC N-PORT filing.

C000130928 Prospectus and SEC Filings

Official ASG Tactical U.S. Market Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.