-----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, Bd8shQXwELALmCPifmlUTrBtUbXJ/ZUU+5eH559dnRx6dBlNHphJlRnb5ZTmqYoO ZaRj6gWGHRY0SFW49FlP/A== 0001193125-07-190741.txt : 20070828 0001193125-07-190741.hdr.sgml : 20070828 20070828151301 ACCESSION NUMBER: 0001193125-07-190741 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070630 FILED AS OF DATE: 20070828 DATE AS OF CHANGE: 20070828 EFFECTIVENESS DATE: 20070828 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Natixis Funds Trust II CENTRAL INDEX KEY: 0000052136 IRS NUMBER: 041990692 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-00242 FILM NUMBER: 071083677 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: IXIS Advisor Funds Trust II DATE OF NAME CHANGE: 20050502 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 0000052136 S000008034 Loomis Sayles Massachusetts Tax Free Income Fund C000021806 Class A NEFMX C000021807 Class B NEMBX N-Q 1 dnq.txt NATIXIS FUNDS TRUST II UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act File Number: 811-00242 Natixis Funds Trust II -------------------------------------------------- (Exact name of registrant as specified in charter) 399 Boylston Street, Boston, Massachusetts 02116 ------------------------------------------------------- (Address of principal executive offices) (Zip code) Coleen Downs Dinneen, Esq. Natixis Distributors, L.P. 399 Boylston Street Boston, Massachusetts 02116 ---------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (617) 449-2810 Date of fiscal year end: September 30 Date of reporting period: June 30, 2007 ITEM 1. SCHEDULE OF INVESTMENTS LOOMIS SAYLES MASSACHUSETTS TAX FREE INCOME FUND -- Portfolio of Investments Investments as of June 30, 2007 (Unaudited)
Principal Amount Description Value (+) - --------- ----------- --------- Tax Exempt Obligations -- 97.0% of Net Assets Marthas Vineyard, MA -- 1.5% $1,000,000 Land Bank Revenue, 5.000%, 5/01/2032 (AMBAC insured) $ 1,025,300 ----------- Massachusetts -- 5.9% 3,500,000 State Refunding Series A, 6.500%, 11/01/2014 (AMBAC insured) 4,038,405 ----------- Massachusetts Bay Transportation Authority -- 4.1% 2,000,000 Sales Tax Revenue Series C, 5.000%, 7/01/2028 2,134,220 380,000 Series A, Prerefunded, 5.250%, 7/01/2030 394,231 250,000 Series A, Unrefunded, 5.250%, 7/01/2030 257,300 ----------- 2,785,751 ----------- Massachusetts Development Finance Agency -- 15.8% 1,000,000 Cambridge Street Development Series A, 5.125%, 2/01/2034 (MBIA insured) 1,030,950 1,450,000 Curry College, Series A, 5.000%, 3/01/2036 (ACA insured) 1,445,519 1,000,000 Hampshire College, 5.625%, 10/01/2024 1,041,800 1,000,000 Mount Holyoke College, 5.250%, 7/01/2031 1,036,330 2,000,000 Simmons College Series H, 5.250%, 10/01/2033 (XLCA insured) 2,184,700 2,800,000 Springfield Resource Recovery Series A, 5.625%, 6/01/2019 2,890,300 1,100,000 Visual and Performing Arts, 6.000%, 8/01/2021 1,266,694 ----------- 10,896,293 ----------- Massachusetts Health & Educational Facilities Authority -- 37.1% 1,160,000 Baystate Medical Center Series F, 5.700%, 7/01/2027 1,204,788 2,000,000 Boston University Series S, 5.000%, 10/01/2039 (FGIC insured) 2,041,240 2,200,000 Catholic Health East, 5.500%, 11/15/2032 2,356,618 3,000,000 Harvard University Series N, 6.250%, 4/01/2020 3,578,760 750,000 Milford Regional Medical Center Series E, 5.000%, 7/15/2032 732,203 850,000 Milford Regional Medical Center Series E, 5.000%, 7/15/2037 821,788 2,716,000 Nichols College Series C, 6.000%, 10/01/2017 2,830,072 2,000,000 Partners Healthcare Systems Series B, 5.250%, 7/01/2029 2,049,980 2,500,000 Partners Healthcare Systems Series C, 5.750%, 7/01/2021 2,659,275 1,500,000 Sterling & Francine Clark Series A, 5.000%, 7/01/2036 1,541,535 2,000,000 University of Massachusetts Series C, 5.125%, 10/01/2034 (FGIC insured) 2,071,780 1,000,000 Wellesley College Series F, 5.125%, 7/01/2039 1,021,290 1,315,000 Wheaton College Series E, 5.000%, 7/01/2017 1,364,431 1,030,000 Williams College Series H, 5.000%, 7/01/2017 1,075,444 ----------- 25,349,204 ----------- Massachusetts Housing Finance Agency -- 3.8% 545,000 Series A, 5.200%, 12/01/2037 546,352 2,000,000 Single Family Housing Series 126, 4.700%, 6/01/2038(b) 1,871,120 230,000 Single Family Mortgage Series 21, 7.125%, 6/01/2025 232,024 ----------- 2,649,496 ----------- Massachusetts Port Authority -- 4.4% 1,750,000 Delta Air Lines, Inc. Project Series A, 5.500%, 1/01/2019 (AMBAC insured) 1,814,645 1,200,000 Series A, 5.000%, 7/01/2033 (MBIA insured) 1,228,656 ----------- 3,043,301 ----------- Massachusetts Water Resources Authority -- 7.1% 1,000,000 General Series A, 5.250%, 8/01/2020 (MBIA insured) 1,074,430 3,240,000 Series A, 6.500%, 7/15/2019 (FGIC insured) 3,783,380 ----------- 4,857,810 ----------- Michigan Hospital Finance Authority -- 1.5% 1,000,000 Oakwood Obligated Group, 5.500%, 11/01/2017 1,051,060 ----------- New Jersey Economic Development Authority Revenue -- 1.5% 1,000,000 Cigarette Tax, 5.625%, 6/15/2018 1,025,370 ----------- New Jersey Transportation Trust Fund Authority -- 0.8% 500,000 Series A, 5.500%, 12/15/2023 554,565 ----------- Puerto Rico Commonwealth Aqueduct & Sewer Authority -- 4.8% 3,000,000 Aqueduct & Sewer Authoriry, 6.250%, 7/01/2013 3,305,970 ----------- Puerto Rico Commonwealth Infrastructure Financing Authority -- 2.2% 1,500,000 Series B, 5.000%, 7/01/2031 1,529,370 ----------- Puerto Rico Public Finance Corp. -- 4.6% 3,000,000 Commonwealth Appropriation, Series A, 5.750%, 8/01/2027(b) 3,163,440 -----------
LOOMIS SAYLES MASSACHUSETTS TAX FREE INCOME FUND -- Portfolio of Investments (continued) Investments as of June 30, 2007 (Unaudited)
Principal Amount Description Value (+) - --------- ----------- --------- Sullivan County, TN, Health Educational & Housing Facilities Board Hospital Revenue -- 1.9% $1,315,000 Wellmont Health Systems Project Series C, 5.250%, 9/01/2036 $ 1,334,001 ----------- Total Tax Exempt Obligations (Identified Cost $64,811,192) 66,609,336 ----------- Short-Term Investments -- 1.7% 1,189,334 Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 6/29/2007 at 4.250% to be repurchased at $1,189,755 on 7/02/2007, collateralized by $995,000 U.S. Treasury Bond, 7.125% due 2/15/2023 valued at $1,213,900 including accrued interest(c) (Identified Cost $1,189,334) 1,189,334 ----------- Total Investments -- 98.7% (Identified Cost $66,000,526)(a) 67,798,670 Other assets less liabilities -- 1.3% 894,538 ----------- Net Assets -- 100% $68,693,208 ===========
- -------- (+) Debt securities for which market quotations are readily available (other than short-term obligations purchased with an original or remaining maturity of sixty days or less) are generally valued at market price on the basis of valuations furnished to the Fund by a pricing service recommended by the investment adviser and approved by the Board of Trustees, which service determines valuations for normal, institutional size-trading units of such securities using market information, transactions for comparable securities and various relationships between securities which are generally recognized by institutional traders. Equity securities, including closed-end investment companies and exchange-traded funds, for which market quotations are readily available, are valued at market value, as reported by pricing services recommended by the investment adviser and approved by the Board of Trustees. Such pricing services generally use the security's last sale price on the exchange or market where primarily traded or, if there is no reported sale during the day, the closing bid price. Securities traded on the NASDAQ Global Select Market, NASDAQ Global Market and NASDAQ Capital Market are valued at the NASDAQ Official Closing Price ("NOCP"), or if lacking a NOCP, at the most recent bid quotation on the applicable NASDAQ market. Broker-dealer bid quotations may also be used to value debt and equity securities where a pricing service does not price a security or where a pricing service does not provide a reliable price for the security. Short-term obligations purchased with an original or remaining maturity of sixty days or less are valued at amortized cost, which approximates market value. Securities for which market quotations are not readily available are valued at fair value as determined in good faith by the Fund's investment adviser using consistently applied procedures under the general supervision of the Board of Trustees. Investments in other open-end investment companies are valued at the net asset value each day. In September 2006, Statement of Financial Accounting Standards No. 157, Fair Value Measurements ("SFAS 157"), was issued and is effective for fiscal years beginning after November 15, 2007. SFAS 157 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. Management is currently evaluating the impact, if any, the adoption of SFAS 157 will have on the Fund's financial statements. 2 LOOMIS SAYLES MASSACHUSETTS TAX FREE INCOME FUND -- Portfolio of Investments (continued) Investments as of June 30, 2007 (Unaudited) (a) Federal Tax Information (Amounts exclude certain adjustments made at the end of the Fund's fiscal year for tax purposes. Such adjustments are primarily due to wash sales. Accretion of market discount on debt securities and straddle loss deferrals are excluded for tax purposes.): At June 30, 2007, the net unrealized appreciation on investments based on a cost of $66,000,526 for federal income tax purposes was as follows: Aggregate gross unrealized appreciation for all investments in which there is an excess of value over tax cost $2,320,551 Aggregate gross unrealized depreciation for all investments in which there is an excess of tax cost over value (522,407) ---------- Net unrealized appreciation $1,798,144 ==========
At September 30, 2006, the Fund had a capital loss carryover of approximately $2,078,269 of which $804,173 expires on September 30, 2007, $116,500 expires on September 30, 2008, $1,003,440 expires on September 30, 2010 and $154,156 expires on September 30, 2013. These amounts may be available to offset future realized capital gains, if any, to the extent provided by regulations. (b) Variable rate security whose interest rate varies with changes in a designated base rate (such as the prime interest rate) on a specified date (such as coupon date or interest payment date). (c) The Fund, through its custodian, receives delivery of the underlying securities collateralizing repurchase agreements. It is the Fund's policy that the market value of the collateral be at least equal to 102% of the repurchase price, including interest. The repurchase agreements are tri-party arrangements whereby the collateral is held at the custodian bank in a segregated account for the benefit of the Fund and on behalf of the counterparty. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty including possible delays or restrictions upon the Fund's ability to dispose of the underlying securities. The Fund primarily invests in debt obligations issued by the Commonwealth of Massachusetts and its political subdivisions, agencies and public authorities to obtain funds for various public purposes. The Fund is more susceptible to factors adversely affecting issuers of Massachusetts municipal securities than is a comparable municipal bond fund that is not so concentrated. Uncertain economic and fiscal conditions may affect the ability of issuers of Massachusetts municipal securities to meet their financial obligations. ACA American Capital Access AMBAC American Municipal Bond Assurance Corp. FGIC Financial Guarantee Insurance Company MBIA Municipal Bond Investors Assurance Corp. XLCA XL Capital Assurance Holdings at June 30, 2007 as a Percentage of Net Assets (unaudited) College & Universities 29.6% Hospital 16.2 Water & Sewer 14.1 State Appropriation 11.3 Airport 4.4 Resource Recovery 4.2 Sales Tax 4.1 Single-Family Housing 3.9 Insurance 3.2 Other, less than 2% each 6.0 3 ITEM 2. CONTROLS AND PROCEDURES. The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the registrant in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, based upon such officers' evaluation of these controls and procedures as of a date within 90 days of the filing date of the report. There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS (a)(1) Certification for the Principal Executive Officer pursuant to Rule 30a-2(a) of the Investment Company Act of 1940 (17 CFR 270.30a-2(a)), filed herewith. (a)(2) Certification for the Principal Financial Officer pursuant to Rule 30a-2(a) of the Investment Company Act of 1940 (17 CFR 270.30a-2(a)), filed herewith. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Natixis Funds Trust II By: /s/ John T. Hailer --------------------------------- Name: John T. Hailer Title: President and Chief Executive Officer Date: August 21, 2007 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ John T. Hailer --------------------------------- Name: John T. Hailer Title: President and Chief Executive Officer Date: August 21, 2007 By: /s/ Michael C. Kardok --------------------------------- Name: Michael C. Kardok Title: Treasurer Date: August 21, 2007 EX-99.(A)(1) 2 dex99a1.txt CEO CERTIFICATION Exhibit (a)(1) Natixis Funds Trust II Exhibit to SEC Form N-Q Section 302 Certification I, John T. Hailer, certify that: 1. I have reviewed this report on Form N-Q of Natixis Funds Trust II; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of such disclosure controls and procedures, as of a date within 90 days prior to the filing of this report based upon such evaluation; and d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: August 21, 2007 /s/ John T. Hailer -------------------------------------- John T. Hailer President and Chief Executive Officer EX-99.(A)(2) 3 dex99a2.txt CFO CERTIFICATION Exhibit (a)(2) Natixis Funds Trust II Exhibit to SEC Form N-Q Section 302 Certification I, Michael C. Kardok, certify that: 1. I have reviewed this report on Form N-Q of Natixis Funds Trust II; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of such disclosure controls and procedures, as of a date within 90 days prior to the filing of this report based upon such evaluation; and d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: August 21, 2007 /s/ Michael C. Kardok -------------------------------------- Michael C. Kardok Treasurer -----END PRIVACY-ENHANCED MESSAGE-----