Natixis Bids Adieu to a Three-Year-Old, Active ETF
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Thursday, June 8, 2023

Natixis Bids Adieu to a Three-Year-Old, Active ETF

The team at Natixis is preparing to shut down an active ETF that will be less than two months shy of its third birthday.

Today, the Natixis Investment Managers [profile] team confirms that they plan to delist the Natixis U.S. Equity Opportunities ETF (EQOP on the NYSE Arca) on July 18. The fund is slated to then liquidate on July 25.

The Natixis IM team launched EQOP on September 17, 2020 as one of three new active ETFs all using NYSE's "Proxy Portfolio Methodology Approach" to be translucent (aka "semitransparent") and disclose holdings less frequently than traditional ETFs do. As of yesterday, EQOP had $10 million in AUM. The fund comes with an expense ratio of 85 basis points, in part thanks to 169 bps in fee waivers and/or expense reimbursements.

Natixis Advisors serves as investment advisor and administrator of EQOP, and Natixis' Harris Associates and Loomis Sayles serve as the fund's subadvisors. EQOP's PM team includes: Robert Bierig, vice president, portfolio manager, and analyst at Harris; Aziz Hamzaogullari, chief investment officer of the growth equity strategies team, executive vice president, and director at Loomis; Michael Mangan, PM at Harris; Michael Nicolas, PM and analyst at Harris; and Bill Nygren, vice president, CIO of U.S. equity, and PM at Harris.

EQOP's other service providers include: Alps Distributors, Inc. as distributor; the NYSE Group, Inc. as research vendor; PricewaterhouseCoopers LLP as independent accounting firm; Ropes & Gray LLP as counsel; and State Street Bank and Trust Company as custodian, shareholder servicing agent, and transfer agent.

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