EX-99.(H)(3)(IV) 3 dex99h3iv.htm THIRD AMENDMENT DATED JANUARY 1, 2011 TO SECURITIES LENDING AUTH. AGREEMENT Third Amendment dated January 1, 2011 to Securities Lending Auth. Agreement

Exhibit (h)(3)(iv)

THIRD AMENDMENT TO

SECURITIES LENDING AUTHORIZATION AGREEMENT

BETWEEN NATIXIS FUNDS TRUST I, NATIXIS FUNDS TRUST II,

NATIXIS FUNDS TRUST IV, LOOMIS SAYLES FUNDS I, LOOMIS SAYLES FUNDS II,

and HANSBERGER INTERNATIONAL SERIES,

each on behalf of its respective series listed on Schedule B, severally and not jointly

AND STATE STREET BANK AND TRUST COMPANY

This Third Amendment (this “Amendment”) dated as of January 1, 2011 is between NATIXIS FUNDS TRUST I (f/k/a IXIS Advisor Funds Trust I), NATIXIS FUNDS TRUST II (f/k/a IXIS Advisor Funds Trust II), NATIXIS FUNDS TRUST IV (f/k/a IXIS Advisor Funds Trust IV), LOOMIS SAYLES FUNDS I, LOOMIS SAYLES FUNDS II, and HANSBERGER INTERNATIONAL SERIES, each on behalf of its respective series listed on Schedule B, severally and not jointly, each a registered management investment company organized and existing under the laws of Massachusetts (collectively, the “Trusts,” and each a “Trust”), and STATE STREET BANK AND TRUST COMPANY, its affiliates or subsidiaries (“State Street”).

Reference is made to a Securities Lending Authorization Agreement dated the 1st day of September, 2005 between the Trusts, other than Hansberger International Series, and State Street, as amended and as in effect on the date hereof prior to giving effect to this Amendment (the “Agreement”).

For value received, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties mutually agree to amend the Agreement as set forth below.

1. Definitions. All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Agreement.

2. Agreement to Delete Trusts. Each party hereto hereby agrees to the deletion of Natixis Funds Trust III and Natixis Cash Management Trust, each on behalf of its series listed on Schedule B prior to the effective date of this Amendment, as a Trust and as one of the Trusts under the Agreement.

3. Amendments.

(i) Each of Natixis Funds Trust III and Natixis Cash Management Trust, each on behalf of its series listed on Schedule B prior to the effective date of this Amendment, are hereby deleted as a Trust and as one of the Trusts under the Agreement.

(ii) Schedule A, Schedule A-1, Schedule B and Schedule B-1 to the Agreement are hereby deleted in their entirety and the amended Schedule A, Schedule A-1, Schedule B and Schedule B-1 attached to this Amendment are substituted in their place.

4. Representations and Warranties. Each party hereto represents and warrants that (a) it has the power to execute and deliver this Amendment, to enter into the transactions contemplated hereby, and to perform its obligations hereunder; (b) it has taken all necessary action to authorize such execution, delivery, and performance; (c) this Amendment constitutes a legal, valid and binding obligation enforceable against it; and (d) the execution, delivery, and performance by it of this Amendment will at all times comply with all applicable laws and regulations.

5. Miscellaneous. Except to the extent specifically amended by this Amendment, the provisions of the Agreement shall remain unmodified.

6. Effective Date. The effective date for this Amendment is January 1, 2011.

IN WITNESS WHEREOF, the parties hereto execute this Amendment as an instrument under seal by their duly authorized officers by affixing their signatures below.

 

NATIXIS FUNDS TRUST I, NATIXIS FUNDS TRUST II,

NATIXIS FUNDS TRUST IV, LOOMIS SAYLES FUNDS I, LOOMIS

SAYLES FUNDS II, HANSBERGER INTERNATIONAL SERIES,

each on behalf of its respective series listed on Schedule B,

severally and not jointly

By:  

/s/ Michael Kardok

Name:

   Michael Kardok

Title:

   Treasurer
STATE STREET BANK AND TRUST COMPANY

By:

  

/s/ Gino L. Timperio

Name:

   Gino L. Timperio

Title:

   Managing Director

Schedule A

This Schedule is attached to and made part of the Securities Lending Authorization Agreement dated the 1st day of September 2005 between NATIXIS FUNDS TRUST I, NATIXIS FUNDS TRUST II, NATIXIS FUNDS TRUST IV, LOOMIS SAYLES FUNDS I, LOOMIS SAYLES FUNDS II, and HANSBERGER INTERNATIONAL SERIES, EACH ON BEHALF OF ITS RESPECTIVE SERIES AS LISTED ON SCHEDULE B, SEVERALLY AND NOT JOINTLY (the “Funds”) and STATE STREET BANK AND TRUST COMPANY (“State Street”), as amended.

Schedule of Fees

1. Subject to Paragraph 2 below, all proceeds collected by State Street on investment of cash Collateral or any fee income shall be allocated, with respect to each Fund, as follows:

 

  •  

Seventy-five percent (75%) payable to each Fund, and

 

  •  

Twenty-five percent (25%) payable to State Street.

2. All payments to be allocated under Paragraph 1 above shall be made after deduction of such other amounts payable to State Street or to the Borrower under the terms of this Securities Lending Authorization Agreement.

3. Each Fund instructs State Street to invest cash Collateral in the State Street Navigator Securities Lending Prime Portfolio (the “Prime Portfolio”). The management fees for investing in the Prime Portfolio are as follows:

On an annualized basis, the management/trustee/custody/fund administration/transfer agent fee for investing cash Collateral in the Prime Portfolio is not more than 5.00 basis points netted out of yield. The trustee may pay out of the assets of the Prime Portfolio all reasonable expenses and fees of the Prime Portfolio, including professional fees or disbursements incurred in connection with the operation of the Prime Portfolio.

Schedule A-1

This Schedule is attached to and made part of the Securities Lending Authorization Agreement dated the 1st day of September 2005 between NATIXIS FUNDS TRUST I, NATIXIS FUNDS TRUST II, NATIXIS FUNDS TRUST IV, LOOMIS SAYLES FUNDS I, LOOMIS SAYLES FUNDS II, and HANSBERGER INTERNATIONAL SERIES, EACH ON BEHALF OF ITS RESPECTIVE SERIES AS LISTED ON SCHEDULE B, SEVERALLY AND NOT JOINTLY (the “Funds”) and STATE STREET BANK AND TRUST COMPANY (“State Street”), as amended.

 

FUNDS

  

SECURITIES LOAN LIMITATION

NATIXIS Funds Trust I

  

CGM Advisor Targeted Equity Fund

   33  1/3%

Hansberger International Fund

   33  1/3%

Natixis Income Diversified Portfolio

   33  1/3%

Natixis U.S. Diversified Portfolio

   33  1/3%

Loomis Sayles Core Plus Bond Fund

   33  1/3%

Vaughan Nelson Small Cap Value Fund

   33  1/3%

Absolute Asia Dynamic Equity Fund

   33  1/3%

Natixis Oakmark Global Fund

   33  1/3%

Natixis Oakmark International Fund

   33  1/3%

NATIXIS Funds Trust II

  

Harris Associates Large Cap Value Fund

   33  1/3%

Loomis Sayles Multi-Asset Real Return Fund

   33  1/3%

Vaughan Nelson Value Opportunity Fund

   33  1/3%

Westpeak ActiveBeta Equity Fund

   33  1/3%

Loomis Sayles Absolute Strategies Fund

   33  1/3%

NATIXIS Funds Trust IV

  

AEW Real Estate Fund

   33  1/3%

 

1 of 2

Loomis Sayles Funds I

   

Loomis Sayles Bond Fund

    33  1/3%

Loomis Sayles Fixed Income Fund

    33  1/3%

Loomis Sayles Global Bond Fund

    33  1/3%

Loomis Sayles High Income Opportunities Fund

    33  1/3%

Loomis Sayles Institutional High Income Fund

    33  1/3%

Loomis Sayles Intermediate Duration Bond Fund

    33  1/3%

Loomis Sayles Investment Grade Fixed Income Fund

    33  1/3%

Loomis Sayles Inflation Protected Securities Fund

    33  1/3%

Loomis Sayles Securitized Asset Fund

    33  1/3%

Loomis Sayles Small Cap Value Fund

    33  1/3%

Loomis Sayles Funds II

   

Loomis Sayles High Income Fund

    33  1/3%

Loomis Sayles Limited Term Government and Agency Fund

    33  1/3%

Loomis Sayles Disciplined Equity Fund

    33  1/3%

Loomis Sayles Strategic Income Fund

    33  1/3%

Loomis Sayles Investment Grade Bond Fund

    33  1/3%

Loomis Sayles Growth Fund

    33  1/3%

Loomis Sayles Mid Cap Growth Fund

    33  1/3%

Loomis Sayles Small Cap Growth Fund

    33  1/3%

Loomis Sayles Value Fund

    33  1/3%

Loomis Sayles Global Markets Fund

    33  1/3%

Loomis Sayles International Bond Fund

    33  1/3%

Hansberger International Series

   

International Growth Fund

    33  1/3%

International Value Fund

    33  1/3%

Emerging Markets Fund

    33  1/3%
  

 

Amended January 2008

    2 of 2   

Schedule B

This Schedule is attached to and made part of the Securities Lending Authorization Agreement dated the 1st day of September 2005 between NATIXIS FUNDS TRUST I, NATIXIS FUNDS TRUST II, NATIXIS FUNDS TRUST IV, LOOMIS SAYLES FUNDS I, LOOMIS SAYLES FUNDS II and HANSBERGER INTERNATIONAL SERIES, EACH ON BEHALF OF ITS RESPECTIVE SERIES AS LISTED ON SCHEDULE B, SEVERALLY AND NOT JOINTLY (the “Funds”) and STATE STREET BANK AND TRUST COMPANY (“State Street”), as amended.

 

Fund Name

   

Taxpayer ID Number

   

Tax Year-End

Natixis Funds Trust I

      

CGM Advisor Targeted Equity Fund

    04-2443453    December 31st

Hansberger International Fund

    04-3293754    December 31st

Natixis Income Diversified Portfolio

    13-4309972    December 31st

Natixis U.S. Diversified Portfolio

    04-3231674    December 31st

Loomis Sayles Core Plus Bond Fund

    04-2519841    September 30th

Vaughan Nelson Small Cap Value Fund

    04-3331744    December 31st

Absolute Asia Dynamic Equity Fund

    27-1408693    December 31st

Natixis Oakmark Global Fund

    27-3598123    December 31st

Natixis Oakmark International Fund

    27-3598377    December 31st

Natixis Funds Trust II

      

Harris Associates Large Cap Value Fund

    04-1990692    December 31st

Loomis Sayles Multi-Asset Real Return Fund

    01-0975181    December 31st

Vaughan Nelson Value Opportunity Fund

    01-0906512    December 31st

Westpeak ActiveBeta Equity Fund

    32-0310647    December 31st

Loomis Sayles Absolute Strategies Fund

    27-3598296    December 31st

Natixis Funds Trust IV

      

AEW Real Estate Fund

    04-3510288    January 31st

 

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Loomis Sayles Funds I

      

Loomis Sayles Bond Fund

    04-3113274    September 30th

Loomis Sayles Fixed Income Fund

    04-3219175    September 30th

Loomis Sayles Global Bond Fund

    04-3113281    September 30th

Loomis Sayles High Income Opportunities Fund

    65-1214747    September 30th

Loomis Sayles Institutional High Income Fund

    04-3362512    September 30th

Loomis Sayles Intermediate Duration Bond Fund

    04-3448648    September 30th

Loomis Sayles Investment Grade Fixed Income Fund

    04-3219179    September 30th

Loomis Sayles Inflation Protected Securities Fund

    04-3113271    September 30th

Loomis Sayles Securitized Asset Fund

    51-0544654    September 30th

Loomis Sayles Small Cap Value Fund

    04-3113283    September 30th

Loomis Sayles Funds II

      

Loomis Sayles Disciplined Equity Fund

    04-3520219    September 30th

Loomis Sayles High Income Fund

    04-2814890    September 30th

Loomis Sayles Limited Term Government and Agency Fund

    04-6610760    September 30th

Loomis Sayles Strategic Income Fund

    04-3268670    September 30th

Loomis Sayles Investment Grade Bond Fund

    04-3339561    September 30th

Loomis Sayles Growth Fund

    04-3113270    September 30th

Loomis Sayles Mid Cap Growth Fund

    04-3339593    September 30th

Loomis Sayles Small Cap Growth Fund

    04-3339616    September 30th

Loomis Sayles Value Fund

    04-3113285    September 30th

Loomis Sayles Global Markets Fund

    04-3308834    September 30th

Loomis Sayles International Bond Fund

    36-4623763    September 30th

Hansberger International Series

      

International Growth Fund

    65-0696325    December 31st

International Value Fund

    65-0696327    December 31st

Emerging Markets Fund

    65-0694331    December 31st

 

 

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Schedule B-1

This Schedule is attached to and made part of the Securities Lending Authorization Agreement dated the 1st day of September 2005 between NATIXIS FUNDS TRUST I, NATIXIS FUNDS TRUST II, NATIXIS FUNDS TRUST IV, LOOMIS SAYLES FUNDS I, LOOMIS SAYLES FUNDS II and HANSBERGER INTERNATIONAL SERIES, EACH ON BEHALF OF ITS RESPECTIVE SERIES AS LISTED ON SCHEDULE B, SEVERALLY AND NOT JOINTLY (the “Funds”) and STATE STREET BANK AND TRUST COMPANY (“State Street”), as amended.

 

FUNDS

  

EFFECTIVE DATE OF AGREEMENT

Natixis Funds Trust I

  

CGM Advisor Targeted Equity Fund

   September 1, 2005

Hansberger International Fund

   September 1, 2005

Natixis Income Diversified Portfolio

   December 20, 2005

Natixis U.S. Diversified Portfolio

   September 1, 2005

Loomis Sayles Core Plus Bond Fund

   October 1, 2005

Vaughan Nelson Small Cap Value Fund

   September 1, 2005

Absolute Asia Dynamic Equity Fund

   January 1, 2011

Natixis Oakmark Global Fund

   January 1, 2011

Natixis Oakmark International Fund

   January 1, 2011

Natixis Funds Trust II

  

Harris Associates Large Cap Value Fund

   September 1, 2005

Loomis Sayles Multi-Asset Real Return Fund

   January 1, 2011

Vaughan Nelson Value Opportunity Fund

   January 1, 2011

Westpeak ActiveBeta Equity Fund

   January 1, 2011

Loomis Sayles Absolute Strategies Fund

   January 1, 2011

Natixis Funds Trust IV

  

AEW Real Estate Fund

   September 1, 2005

 

1 of 2

Loomis Sayles Funds I

  

Loomis Sayles Bond Fund

   September 1, 2005

Loomis Sayles Fixed Income Fund

   September 1, 2005

Loomis Sayles Global Bond Fund

   September 1, 2005

Loomis Sayles High Income Opportunities Fund

   September 1, 2005

Loomis Sayles Institutional High Income Fund

   September 1, 2005

Loomis Sayles Intermediate Duration Bond Fund

   September 1, 2005

Loomis Sayles Investment Grade Fixed Income Fund

   September 1, 2005

Loomis Sayles Inflation Protected Securities Fund

   September 1, 2005

Loomis Sayles Securitized Asset Fund

   September 1, 2005

Loomis Sayles Small Cap Value Fund

   September 1, 2005

Loomis Sayles Funds II

  

Loomis Sayles High Income Fund

   October 1, 2005

Loomis Sayles Disciplined Equity Fund

   September 1, 2005

Loomis Sayles Limited Term Government and Agency Fund

   October 1, 2005

Loomis Sayles Strategic Income Fund

   October 1, 2005

Loomis Sayles Investment Grade Bond Fund

   September 1, 2005

Loomis Sayles Growth Fund

   September 1, 2005

Loomis Sayles Mid Cap Growth Fund

   September 1, 2005

Loomis Sayles Small Cap Growth Fund

   September 1, 2005

Loomis Sayles Value Fund

   September 1, 2005

Loomis Sayles Global Markets Fund

   September 1, 2005

Loomis Sayles International Bond Fund

   February 1, 2008

Hansberger International Series

  

International Growth Fund

   January 1, 2008

International Value Fund

   January 1, 2008

Emerging Markets Fund

   January 1, 2008

 

Amended January 1, 2011

    2 of 2