-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BCog3GwZnv0MTr/e77pp5IlMmLemY4KXPpIpaaP4wPlerryPoO6Z6u7Ubdi6fYnQ JlTa88m7X4+awT0wzi+L0g== 0001127563-05-000184.txt : 20050628 0001127563-05-000184.hdr.sgml : 20050628 20050628163135 ACCESSION NUMBER: 0001127563-05-000184 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050628 DATE AS OF CHANGE: 20050628 EFFECTIVENESS DATE: 20050628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IXIS Advisor Funds Trust II CENTRAL INDEX KEY: 0000052136 IRS NUMBER: 041990692 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-11101 FILM NUMBER: 05921190 BUSINESS ADDRESS: STREET 1: 399 BOYLSTON ST CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 8003997788 MAIL ADDRESS: STREET 1: 399 BOYLSTON STREET CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: CDC NVEST FUNDS TRUST II DATE OF NAME CHANGE: 20010503 FORMER COMPANY: FORMER CONFORMED NAME: NVEST FUNDS TRUST II DATE OF NAME CHANGE: 20000202 FORMER COMPANY: FORMER CONFORMED NAME: NEW ENGLAND FUNDS TRUST II DATE OF NAME CHANGE: 19940615 497 1 trust2comb.txt HARRIS ASSOCIATES LARGE CAP VALUE FUND IXIS U.S. DIVERSIFIED PORTFOLIO (FORMERLY NAMED CDC NVEST STAR ADVISERS FUND) (THE "FUNDS") Supplement dated June 28, 2005 to the IXIS Advisors Equity Funds Statement of Additional Information - Part I dated May 1, 2005, as may be revised and supplemented from time to time THE SUB-SECTION "ADVISORY FEES" WITHIN THE SECTION "FUND CHARGES AND EXPENSES" IS REVISED AS FOLLOWS WITH REGARD TO THE IXIS U.S. DIVERSIFIED PORTFOLIO:
DATE OF ADVISORY FEE PAYABLE BY FUND TO IXIS ADVISORS FUND AGREEMENT (AS A % OF AVERAGE DAILY NET ASSETS OF THE FUND) - ------------------------------------ ------------- ------------------------------------------------------------- IXIS U.S. Diversified Portfolio 10/30/00 0.90% of the first $1 billion as amended 0.80% of amounts in excess of $1 billion through 07/01/052
2 Prior to July 1, 2005, the advisory fee payable by IXIS U.S. Diversified Portfolio to IXIS Advisors was 1.05% of the first $750 million of the average daily net assets of the Fund and 0.95% of such assets in excess of $750 million. EFFECTIVE JULY 1, 2005, THE SUB-SECTION "SUBADVISORY FEES" WITHIN THE SECTION "FUND CHARGES AND EXPENSES" IS REVISED AS FOLLOWS WITH REGARD TO THE HARRIS ASSOCIATES LARGE CAP VALUE FUND AND IXIS U.S. DIVERSIFIED PORTFOLIO:
DATE OF SUBADVISORY SUBADVISORY FEE PAYABLE TO SUBADVISER FUND SUBADVISER AGREEMENT (AS A % OF AVERAGE DAILY NET ASSETS OF THE FUND) - ----------------------- --------------- ------------------ -------------------------------------------------------- Harris Associates Harris 10/29/02 as 0.45% of the first $250 million Large Cap Value Fund Associates amended through 0.40% of amounts in excess of $250 million 07/01/054 IXIS U.S. Diversified Harris 10/30/00 as 0.45% of the first $250 million Portfolio Associates amended through 0.40% of amounts in excess of $250 million 07/01/052 Loomis Sayles 05/18/01 as 0.50% of the first $250 million - amended through 0.45% of amounts in excess of $250 million Mid Cap 07/01/052 Growth Segment 10/30/00 as Loomis Sayles amended through 0.50% of the first $250 million - 07/01/052 0.45% of amounts in excess of $250 million Small Cap Value Segment Mercury 09/01/01 as 0.45% of the first $250 million amended through 0.40% of amounts in excess of $250 million 07/01/052
2. Prior to July 1, 2005, the subadvisory fee payable to Harris Associates for managing its segment of the Fund was 0.65% of the first $50 million of the average daily net assets of the Fund, 0.60% of the next $50 million, 0.55% of the next $400 million, and 0.50% of assets in excess of $500 million. Prior to July 1, 2005, the subadvisory fee payable to Loomis Sayles for managing the Mid Cap Growth segment of the Fund was 0.55% of the first $50 million of the average daily net assets of the Fund, 0.50% of the next $450 million and 0.475% of assets in excess of $500 million. Prior to July 1, 2005, the subadvisory fee payable to Loomis Sayles for managing the Small Cap Value segment of the Fund was 0.55% of the first $50 million of the average daily net assets of the Fund, 0.50% of the next $250 million , 0.475% of the next $250 million, and 0.45% of assets in excess of $550 million. Prior to July 1, 2005, the subadvisory fee payable to Mercury for managing its segment of the Fund was 0.55% of the first $300 million of the average daily net assets of the Fund and 0.50% of assets in excess of $300 million. 4 Prior to July 1, 2005, the subadvisory fee payable by IXIS Advisors to Harris Associates was 0.45% of the first $250 million of the average daily net assets of the Fund, 0.40% of the next $250 million, and 0.35% of assets in excess of $500 million. SP267-0605 LOOMIS SAYLES CORE PLUS BOND FUND LOOMIS SAYLES HIGH INCOME FUND LOOMIS SAYLES MASSACHUSETTS TAX FREE INCOME FUND LOOMIS SAYLES STRATEGIC INCOME FUND Supplement dated June 28, 2005 to the IXIS Advisor Income and Tax Free Income Funds Statement of Additional Information - Part I dated February 1, 2005 as revised May 1, 2005, as supplemented from time to time EFFECTIVE JULY 1, 2005, THE SUB-SECTION "ADVISORY FEES" WITHIN THE SECTION "FUND CHARGES AND EXPENSES" IS REVISED AS FOLLOWS WITH REGARD TO THE LOOMIS SAYLES STRATEGIC INCOME FUND:
DATE OF ADVISORY FEE PAYABLE BY FUND TO IXIS ADVISORS FUND AGREEMENT (AS A % OF AVERAGE DAILY NET ASSETS OF THE FUND) - ------------------------------------ ------------- ------------------------------------------------------------- Strategic Income Fund 09/12/03 0.65% of the first $200 million as amended 0.60% of the next $1.8 billion 07/01/05*** 0.55% of amounts in excess of $2 billion
*** - Prior to July 1, 2005, the advisory fee was 0.65% of the first $200 million of the average daily net assets of the Fund and 0.60% of such assets in excess of $250 million. EFFECTIVE JULY 1, 2005, THE TABLE REGARDING EXPENSE LIMITATIONS IN THE SUB-SECTION "ADVISORY FEES" WITHIN THE SECTION "FUND CHARGES AND EXPENSES" IS REVISED AS FOLLOWS WITH REGARD TO THE LOOMIS SAYLES CORE PLUS BOND FUND, LOOMIS SAYLES HIGH INCOME FUND AND LOOMIS SAYLES MASSACHUSETTS TAX FREE INCOME FUND:
FUND EXPENSE LIMIT DATE OF UNDERTAKING - ---------------------------------------------------- ------------------- -------------------------- Core Plus Bond Fund July 1, 2005 Class A 1.05% Class B 1.80% Class C 1.80% Class Y 0.80% High Income Fund July 1, 2005 Class A 1.45% Class B 2.20% Class C 2.20% Massachusetts Fund July 1, 2005 Class A 1.15% Class B 1.90%
The undertaking with respect to the Funds is in effect through January 31, 2006 and will be reevaluated on an annual basis. SP268-0605 SUPPLEMENT DATED JUNE 28, 2005 TO THE STATEMENT OF ADDITIONAL INFORMATION - PART II FOR IXIS ADVISOR FUNDS TRUST I, IXIS ADVISOR FUNDS TRUST II AND LOOMIS SAYLES FUNDS II DATED FEBRUARY 1, 2005, AS REVISED ON MAY 1, 2005, AND AS MAY BE SUPPLEMENTED FROM TIME TO TIME DISCLOSURE RELATING TO ALL FUNDS ITEM (2) WITHIN THE SECTION "PORTFOLIO HOLDINGS INFORMATION" IS AMENDED AND RESTATED AS FOLLOWS: (2) Disclosure to firms offering industry-wide services, provided that the firm has entered into a confidentiality agreement with the Funds, their principal underwriter or an affiliate of the Funds' principal underwriter. Entities that receive information pursuant to this exception include Bloomberg (monthly disclosure of full portfolio holdings, provided 25 days after month-end); Lipper (monthly disclosure of full portfolio holdings, provided 5 days after month-end); Standard & Poors (quarterly disclosure of full holdings, provided 2 days after calendar quarter-end); and Vestek (daily disclosure of full portfolio holdings, provided the next business day); DISCLOSURE RELATING TO LOOMIS SAYLES RESEARCH FUND EFFECTIVE JULY 1, 2005, THE FOLLOWING INFORMATION IS ADDED TO THE SUB-SECTION "PORTFOLIO MANAGERS' MANAGEMENT OF OTHER ACCOUNTS" WITHIN THE SECTION "PORTFOLIO MANAGEMENT INFORMATION" WITH RESPECT TO THE LOOMIS SAYLES RESEARCH FUND: The following table provides information relating to other accounts managed by Brian James and Maureen G. Depp as of May 31, 2005.
- ---------------------------- ---------------------------------- ---------------------------------- --------------------------------- REGISTERED INVESTMENT COMPANIES OTHER POOLED INVESTMENT VEHICLES OTHER ACCOUNTS - ---------------------------- ---------------------------------- ---------------------------------- --------------------------------- - ---------------------------- ---------------- ----------------- ----------------- ---------------- ----------------- --------------- ADVISORY FEE IS ADVISORY FEE ADVISORY FEE OTHER ACCOUNTS BASED ON OTHER ACCOUNTS IS BASED ON OTHER ACCOUNTS IS BASED ON MANAGED PERFORMANCE MANAGED PERFORMANCE MANAGED PERFORMANCE - ---------------------------- ---------------- ----------------- ----------------- ---------------- ----------------- --------------- - ---------------------------- ------- -------- -------- -------- -------- -------- ------- -------- -------- -------- ------- ------- NAME OF PORTFOLIO MANAGER # OF TOTAL # OF TOTAL # OF TOTAL # OF TOTAL # OF TOTAL # OF TOTAL (FIRM) ACCTS ASSETS ACCTS ASSETS ACCTS ASSETS ACCTS ASSETS ACCTS ASSETS ACCTS ASSETS - ---------------------------- ------- -------- -------- -------- -------- -------- ------- -------- -------- -------- ------- ------- - ---------------------------- ------- -------- -------- -------- -------- -------- ------- -------- -------- -------- ------- ------- Brian James (Loomis Sayles) 0 0 0 0 0 0 0 0 8 $2.18 0 0 mil - ---------------------------- ------- -------- -------- -------- -------- -------- ------- -------- -------- -------- ------- ------- - ---------------------------- ------- -------- -------- -------- -------- -------- ------- -------- -------- -------- ------- ------- Maureen G. Depp (Loomis 0 0 0 0 0 0 0 0 6 $1.734 0 0 Sayles) mil - ---------------------------- ------- -------- -------- -------- -------- -------- ------- -------- -------- -------- ------- -------
EFFECTIVE JULY 1, 2005, THE FOLLOWING INFORMATION IS ADDED TO THE SUB-SECTION "PORTFOLIO MANAGERS' OWNERSHIP OF FUND SHARES" WITHIN THE SECTION "PORTFOLIO MANAGEMENT INFORMATION" WITH RESPECT TO THE LOOMIS SAYLES RESEARCH FUND: The following table sets forth the dollar range* of equity securities of the Fund beneficially owned by Brian James and Maureen G. Depp as of May 31, 2005:
NAME OF PORTFOLIO MANAGER FUND(S) MANAGED DOLLAR RANGE OF EQUITY SECURITIES INVESTED Brian James Loomis Sayles Research Fund F Maureen G. Depp Loomis Sayles Research Fund A * A. None E. $100,001 - $500,000 B. $1 - 10,000 F. $500,001 - $1,000,000 C. $10,001 - $50,000 G. over $1,000,000 D. $50,001 - $100,000
SP270-0605 LOOMIS SAYLES CORE PLUS BOND FUND (the "Fund") Supplement dated June 27, 2005 to the IXIS Advisor Income and Tax Free Income Funds Class Y Prospectus dated February 1, 2005, as may be revised and supplemented from time to time On May 20, 2005, the Board of Trustees of the IXIS Advisor Funds approved the agreement of Loomis, Sayles & Company, L.P. ("Loomis Sayles") to waive a portion of its advisory fee to limit the amount of the Loomis Sayles Core Plus Bond Fund's total annual fund operating expenses to 0.80% of the Fund's average daily net assets for Class Y, effective July 1, 2005 through January 31, 2006. EFFECTIVE JULY 1, 2005, THE ANNUAL FUND OPERATING EXPENSES TABLE AND THE EXAMPLE TABLE WITHIN THE SECTION"FUND FEES & EXPENSES" OF THE IXIS ADVISOR INCOME AND TAX FREE INCOME FUNDS CLASS Y PROSPECTUS ARE AMENDED AND RESTATED AS FOLLOWS WITH RESPECT TO THE LOOMIS SAYLES CORE PLUS BOND FUND: ANNUAL FUND OPERATING EXPENSES (expenses that are deducted from Fund assets, as a percentage of average daily net assets) - -------------------------------- ------------------------------ CORE PLUS BOND FUND*1 - -------------------------------- ------------------------------ - -------------------------------- ------------------------------ CLASS Y - -------------------------------- ------------------------------ - -------------------------------- ------------------------------ Management fees 0.42% - -------------------------------- ------------------------------ - -------------------------------- ------------------------------ Distribution and/or service (12b-1) fees 0.00% - -------------------------------- ------------------------------ - -------------------------------- ------------------------------ Other expenses+ 0.56% - -------------------------------- ------------------------------ - -------------------------------- ------------------------------ Total annual fund operating 0.98% expenses - -------------------------------- ------------------------------ - -------------------------------- ------------------------------ Fee Waiver and/or Expense 0.18% Reimbursement - -------------------------------- ------------------------------ - -------------------------------- ------------------------------ Net Expenses 0.80% - -------------------------------- ------------------------------ * Expense information in the table has been restated to reflect current fees and expenses. + Other expenses have been restated to reflect contractual changes to the transfer agency fees for the Fund effective January 1, 2005. 1 Loomis Sayles has given a binding undertaking to this Fund to limit the amount of the Fund's total annual fund operating expenses, exclusive of brokerage expenses, interest expenses, taxes and organizational and extraordinary expenses, to 0.80% of the Fund's average daily net assets for Class Y. This undertaking is in effect through January 31,, 2006 and is reevaluated on an annual basis. Without this undertaking, expenses would have been higher. EXAMPLE* - ---------------- --------------------------------------------------- CORE PLUS BOND FUND - ---------------- --------------------------------------------------- - ---------------- --------------------------------------------------- CLASS Y+ - ---------------- --------------------------------------------------- - ---------------- --------------------------------------------------- 1 year $82 - ---------------- --------------------------------------------------- - ---------------- --------------------------------------------------- 3 years $294 - ---------------- --------------------------------------------------- - ---------------- --------------------------------------------------- 5 years $524 - ---------------- --------------------------------------------------- - ---------------- --------------------------------------------------- 10 years $1,185 - ---------------- --------------------------------------------------- + Reflects current fees and expenses. * The example is based on the net expense shown above for the Core Plus Bond Fund for the 1-year period illustrated in the Example and on the total annual fund operating expenses for the remaining years. SP262-0605 -----END PRIVACY-ENHANCED MESSAGE-----