-----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, GGYIMrn1YmyIiJdAcuibNhZKNWuN5KNQ6bvt8bPlNL+l0pMGzQmHIMgULfYUa6Wb lgn5rSRaOLr13r6444dM3g== 0001145443-06-002252.txt : 20060630 0001145443-06-002252.hdr.sgml : 20060630 20060630123349 ACCESSION NUMBER: 0001145443-06-002252 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060630 DATE AS OF CHANGE: 20060630 EFFECTIVENESS DATE: 20060630 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: 06936469 BUSINESS ADDRESS: STREET 1: 399 BOYLSTON STREET CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 800-399-7788 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 0000052136 S000008033 Harris Associates Large Cap Value Fund C000021802 Class A NEFOX C000021803 Class B NEGBX C000021804 Class C NECOX C000021805 Class Y NEOYX 0000052136 S000008034 Loomis Sayles Massachusetts Tax Free Income Fund C000021806 Class A NEFMX C000021807 Class B NEMBX 497 1 d19610.txt HARRIS ASSOCIATES FOCUSED VALUE FUND (the "Fund") Supplement dated July 1, 2006 to the IXIS Advisor Equity Funds Classes A, B and C Prospectus dated May 1, 2006, as may be revised and supplemented from time to time Effective July 1, 2006, IXIS Asset Management Advisors, L.P. has reduced its advisory fee from 1.00% of the first $1 billion of the Fund's average daily net assets and 0.95% of such assets in excess of $1 billion to 0.90% of the Fund's average daily net assets. Accordingly, the Annual Fund Operating Expenses table on page 31 and the Example table on page 33 of the Prospectus are amended and restated as follows with respect to the Fund: Annual Fund Operating Expenses (expenses that are deducted from Fund assets, as a percentage of average daily net assets)
- ---------------------------------------------------------------------------- Harris Associates Focused Value Fund(2) - ---------------------------------------------------------------------------- Class A Class B Class C - ---------------------------------------------------------------------------- Management fees 0.90% 0.90% 0.90% - ---------------------------------------------------------------------------- Distribution and/or service (12b-1) fees 0.25% 1.00%* 1.00%* - ---------------------------------------------------------------------------- Other expenses++ 0.34% 0.34% 0.34% - ---------------------------------------------------------------------------- Total annual fund operating expenses 1.49% 2.24% 2.24% - ----------------------------------------------------------------------------
* Because of the higher 12b-1 fees, long-term shareholders may pay more than the economic equivalent of the maximum front-end sales charge permitted by the rules of the National Association of Securities Dealers, Inc. ++ Other expenses have been restated to reflect current fees and expenses, including changes to the management fee for the Harris Associates Focused Value Fund effective July 1, 2006. 2 IXIS Advisors 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 expense, taxes and organizational and extraordinary expenses, to 1.70%, 2.45% and 2.45% of the Fund's average daily net assets for Classes A, B and C shares respectively. This undertaking is in effect through April 30, 2007, and is reevaluated on an annual basis. Example
- ------------------------------------------------------------------------------- Harris Associates Focused Value Fund+ - ------------------------------------------------------------------------------- Class A Class B Class C - ------------------------------------------------------------------------------- (1) (2) (1) (2) - ------------------------------------------------------------------------------- 1 year $718 $727 $227 $327 $227 - ------------------------------------------------------------------------------- 3 years $1,019 $1,000 $700 $700 $700 - ------------------------------------------------------------------------------- 5 years $1,341 $1,400 $1,200 $1,200 $1,200 - ------------------------------------------------------------------------------- 10 years** $2,252 $2,386 $2,386 $2,575 $2,575 - -------------------------------------------------------------------------------
+ Reflects current fees and expenses. (1) Assumes redemption at end of period. (2) Assumes no redemption at end of period. * The Example does not reflect sales charges (loads) on reinvested dividends and other distributions. If these sales charges (loads) were included, your costs would be higher. The Example is based on Total Annual Fund Operating Expenses for all periods. ** Class B shares automatically convert to Class A shares after 8 years; therefore, in years 9 and 10 Class B amounts are calculated using Class A expenses. SP306-0706 (46725) HARRIS ASSOCIATES FOCUSED VALUE FUND (the "Fund") Supplement dated June 30, 2006 to the IXIS Advisor Equity Funds Statement of Additional Information-Part I, dated May 1, 2006, as may be revised and supplemented from time to time Effective July 1, 2006, IXIS Asset Management Advisors, L.P. has reduced its advisory fee from 1.00% of the first $1 billion of the Fund's average daily net assets and 0.95% of such assets in excess of $1 billion to 0.90% of the Fund's average daily net assets. Accordingly, the table in the sub-section "Advisory Fees" within the section "Fund Charges and Expenses" is revised as follows with regard to the Harris Associates Focused Value Fund:
Date of Advisory fee payable by Fund to IXIS Advisors Fund Agreement (as a % of average daily net assets of the Fund) - ----------------------------------------------------------------------------------------------------- Harris Associates Focused 3/15/01 0.90% Value Fund as amended 07/01/06(4)
(4) Prior to July 1, 2006, the advisory fee rate payable to IXIS Advisors was 1.00% of the first $1 billion of the Fund's average daily net assets and 0.95% of such assets in excess of $1 billion. Effective July 1, 2006, Harris Associates L.P. has reduced its subadvisory fee from 0.60% of the first $1 billion of the Fund's average daily net assets and 0.55% of such assets in excess of $1 billion to 0.54% of the Fund's average daily net assets. Accordingly, the table in the sub-section "Subadvisory Fees" within the section "Fund Charges and Expenses" is revised as follows with regard to the Harris Associates Focused Value Fund:
Date of Subadvisory Subadvisory fee payable to Subadviser Fund Subadviser Agreement (as a % of average daily net assets of the Fund) - ------------------------------------------------------------------------------------------------------------------------- Harris Associates Harris 03/15/01 0.54% Focused Value Fund Associates as amended 07/01/06(5)
(5) Prior to July 1, 2006, the subadvisory fee rate payable to Harris Associates L.P. was 0.60% of the first $1 billion of the Fund's average daily net assets and 0.55% of such assets in excess of $1 billion. SP307-0606 Supplement dated June 30, 2006 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, 2006, as may be revised and supplemented from time to time Effective May 19, 2006, Russell L. Kane succeeded Kristen S. Vigneaux as the Chief Compliance Officer for Mutual Funds. Accordingly, the table following the second paragraph in the section "Management of the Trust" is revised to delete all references to Kristen S. Vigneaux and to add the following:
- ------------------------------------------------------------------------------------------------------------------------- Officers of the Trusts - ------------------------------------------------------------------------------------------------------------------------- Name and Date of Birth Position(s) Held Term of Office and Principal Occupation(s) During Past 5 Years with the Trust Length of Time Served - ------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------- Russell L. Kane Chief Compliance Chief Compliance Chief Compliance Officer for Mutual Funds, Vice (7/23/69) Officer; Officer, since May President, Associate General Counsel, Assistant Assistant 2006; Assistant Secretary and Assistant Clerk, IXIS Asset Management Secretary Secretary since Distributors, L.P. and IXIS Asset Management Advisors, June 2004 L.P.; Vice President, Associate General Counsel, Assistant Secretary and Assistant Clerk, IXIS Asset Management Distribution Corporation; formerly, Senior Counsel, Columbia Management Group. - -------------------------------------------------------------------------------------------------------------------------
Effective July 1, 2006, Edward A. Benjamin becomes Chairman of the Contract Review and Governance Committee (the "Committee") succeeding Kenneth J. Cowan, who remains as a member of the Committee. Accordingly, the table after paragraph two in the section "Management of the Trusts" and the listing of committee membership of the Trustees after paragraph three in the sub-section "Standing Board Committees" are revised as follows with regard to Messrs. Benjamin and Cowan:
- ------------------------------------------------------------------------------------------------------------------------- Name and Date of Birth Position(s) Held with the Principal Occupation(s) Number of Portfolios in Fund Trusts, Length of Time During Past 5 Years** Complex Overseen*** Served and Term of Office* and Other Directorships Held - ------------------------------------------------------------------------------------------------------------------------- INDEPENDENT TRUSTEES - ------------------------------------------------------------------------------------------------------------------------- Edward A. Benjamin (5/30/38) Trustee since 2003 for IXIS Retired 38 Advisor Funds Trust I, IXIS Advisor Funds Trust II, Director, Precision Optics IXIS Advisor Funds Trust Corporation (optics III and IXIS Advisor Funds manufacturer) Trust IV Chairman of the Contract Review and Governance Committee - -------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------- Name and Date of Birth Position(s) Held with the Principal Occupation(s) Number of Portfolios in Fund Trusts, Length of Time During Past 5 Years** Complex Overseen*** Served and Term of Office* and Other Directorships Held - ------------------------------------------------------------------------------------------------------------------------- Kenneth J. Cowan (4/5/32) Trustee since 1993 for IXIS Retired 38 Advisor Funds Trust I; since 1975 for IXIS Advisor None Funds Trust II; since 1995 for IXIS Advisor Funds Trust III; and since 2000 for IXIS Advisor Funds Trust IV Contract Review and Governance Committee Member (formerly, Co-Chairman of the Board, August 2004 - November 2005) - -------------------------------------------------------------------------------------------------------------------------
The current membership of each committee is as follows: Audit Committee Contract Review and Governance Committee Daniel M. Cain - Chairman Edward A. Benjamin- Chairman John A. Shane Graham T. Allison, Jr. Cynthia L. Walker Charles D. Baker Paul G. Chenault Kenneth J. Cowan Richard Darman
As chairperson of the Board of Trustees, Ms. Moose is an ex officio member of both Committees. SP308-0606 Supplement dated June 30, 2006 to the Statement of Additional Information - Part II for IXIS Advisor Funds Trust I, IXIS Advisor Funds Trust II, IXIS Advisor Funds Trust III and IXIS Advisor Funds Trust IV dated May 1, 2006, as may be revised and supplemented from time to time Effective June 30, 2006, paragraph three of the section "Portfolio Holdings Information" is amended and restated as follows: With respect to (6) above, approval will be granted only when the officer determines that the Fund has a legitimate business reason for sharing the portfolio holdings information and the recipients are subject to a duty of confidentiality, including a duty not to trade on the information. As of the date of this Supplement, the only entities that receive information pursuant to this exception are Evare LLC (daily disclosure of full portfolio holdings) for the purpose of performing certain electronic reconciliations with respect to the Hansberger International Fund and the Hansberger subadvised disciplines of the IXIS Moderate Diversified Portfolio and the IXIS Equity Diversified Portfolio, Advent Software, Inc. (daily disclosure of full portfolio holdings) for the purpose of performing certain electronic reconciliations with respect to the Dreman-subadvised disciplines of the IXIS Moderate Diversified Portfolio and IXIS Equity Diversified Portfolio and GCom2 (quarterly, or more frequently as needed, disclosure of full portfolio holdings) for the purpose of performing certain functions related to the production of the Funds' semiannual financial statements, quarterly Form N-Q filing and other related items. The Funds' Board of Trustees exercises oversight of the disclosure of the Funds' portfolio holdings by reviewing, on a quarterly basis, persons or entities receiving such disclosure. Notwithstanding the above, there is no assurance that the Funds' policies on the sharing of portfolio holdings information will protect the Funds from the potential misuse of holdings by individuals or firms in possession of that information. Effective July 1, 2006, Edward A. Benjamin becomes Chairman of the Contract Review and Governance Committee (the "Committee") succeeding Kenneth J. Cowan, who remains as a member of the Committee. Accordingly, the table after paragraph two in the section "Management of the Trusts" and the listing of committee membership of the Trustees after paragraph three in the sub-section "Standing Board Committees" are revised as follows with regard to Messrs. Benjamin and Cowan:
- ------------------------------------------------------------------------------------------------------------------------- Position(s) Held with the Number of Portfolios in Fund Trusts, Length of Time Served Principal Occupation(s) Complex Overseen*** Name and Date of Birth and Term of Office* During Past 5 Years** and Other Directorships Held - ------------------------------------------------------------------------------------------------------------------------- INDEPENDENT TRUSTEES - ------------------------------------------------------------------------------------------------------------------------- Edward A. Benjamin (5/30/38) Trustee since 2003 for IXIS Retired 38 Advisor Funds Trust I, IXIS Advisor Funds Trust II, IXIS Director, Precision Optics Advisor Funds Trust III and Corporation (optics IXIS Advisor Funds Trust IV manufacturer) Chairman of the Contract Review and Governance Committee - -------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------- Position(s) Held with the Number of Portfolios in Fund Trusts, Length of Time Served Principal Occupation(s) Complex Overseen*** Name and Date of Birth and Term of Office* During Past 5 Years** and Other Directorships Held - ------------------------------------------------------------------------------------------------------------------------- Kenneth J. Cowan (4/5/32) Trustee since 1993 for IXIS Retired 38 Advisor Funds Trust I; since 1975 for IXIS Advisor Funds None Trust II; since 1995 for IXIS Advisor Funds Trust III; and since 2000 for IXIS Advisor Funds Trust IV Contract Review and Governance Committee Member (formerly, Co-Chairman of the Board, August 2004 - November 2005) - -------------------------------------------------------------------------------------------------------------------------
The current membership of each committee is as follows: Audit Committee Contract Review and Governance Committee Daniel M. Cain - Chairman Edward A. Benjamin- Chairman John A. Shane Graham T. Allison, Jr. Cynthia L. Walker Charles D. Baker Paul G. Chenault Kenneth J. Cowan Richard Darman
As chairperson of the Board of Trustees, Ms. Moose is an ex officio member of both Committees. SP309-0606 -----END PRIVACY-ENHANCED MESSAGE-----