NATIXIS FUNDS
Supplement dated June 24, 2011 to the Class A, Class C and Class Y Prospectuses, each dated May 1, 2011, as may be revised or supplemented from time to time for the following funds:
Absolute Asia Dynamic Equity Fund
ASG Diversifying Strategies Fund
Effective immediately, the Annual Fund Operating Expenses table under the section Fund Fees & Expenses in the Absolute Asia Dynamic Equity Fund Class AC Fund Summary is amended as follows:
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | ||||||
Management fees |
1.00 | % | 1.00 | % | ||||
Distribution and/or service (12b-1) fees |
0.25 | % | 1.00 | % | ||||
Other expenses (restated to reflect current expenses) |
6.60 | % | 5.69 | % | ||||
Total annual fund operating expenses |
7.85 | % | 7.69 | % | ||||
Fee waiver and/or expense reimbursement1 |
6.10 | % | 5.19 | % | ||||
Total annual fund operating expenses after fee waiver and/or expense reimbursement |
1.75 | % | 2.50 | % |
1 The Funds investment adviser has given a binding contractual undertaking to the Fund to limit the amount of the Funds total annual fund operating expenses to 1.75% and 2.50% of the Funds average daily net assets for Class A and C shares, respectively, exclusive of brokerage expenses, interest expense, taxes, acquired fund fees and expenses, organizational and extraordinary expenses, such as litigation and indemnification expenses. This undertaking is in effect through April 30, 2012 and may be terminated before then only with the consent of the Funds Board of Trustees. The Funds investment adviser will be permitted to recover, on a class by class basis, management fees waived and/or expenses reimbursed to the extent that expenses in later periods fall below 1.75% and 2.50% of the Funds average daily net assets for Class A and Class C shares, respectively. The Fund will not be obligated to repay any such waived/reimbursed fees and expenses more than one year after the end of the fiscal year in which the fees or expenses were waived/reimbursed.
Effective immediately, the Example table under the section Fund Fees & Expenses in the Absolute Asia Dynamic Equity Fund Class AC Fund Summary is amended as follows:
Class A | Class C | |||||||||||
If shares are redeemed |
If shares are not redeemed |
|||||||||||
1 year |
$ | 743 | $ | 353 | $ | 253 | ||||||
3 years |
$ | 2,227 | $ | 1,787 | $ | 1,787 | ||||||
5 years |
$ | 3,628 | $ | 3,240 | $ | 3,240 | ||||||
10 years |
$ | 6,796 | $ | 6,544 | $ | 6,544 |
Effective immediately, the Annual Fund Operating Expenses table under the section Fund Fees & Expenses in the Absolute Asia Dynamic Equity Fund Class Y Fund Summary is amended as follows:
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
Class Y | |||
Management fees |
1.00 | % | ||
Other expenses (restated to reflect current expenses) |
6.10 | % | ||
Total annual fund operating expenses |
7.10 | % | ||
Fee waiver and/or expense reimbursement1 |
5.60 | % | ||
Total annual fund operating expenses after fee waiver and/or expense reimbursement |
1.50 | % |
1 The Funds investment adviser has given a binding contractual undertaking to the Fund to limit the amount of the Funds total annual fund operating expenses to 1.50% of the Funds average daily net assets for Class Y shares, exclusive of brokerage expenses, interest expense, taxes, acquired fund fees and expenses, organizational and extraordinary expenses, such as litigation and indemnification expenses. This undertaking is in effect through April 30, 2012 and may be terminated before then only with the consent of the Funds Board of Trustees. The Funds investment adviser will be permitted to recover, on a class by class basis, management fees waived and/or expenses reimbursed to the extent that expenses in later periods fall below 1.50% of the Funds average daily net assets for Class Y shares. The Fund will not be obligated to repay any such waived/reimbursed fees and expenses more than one year after the end of the fiscal year in which the fees or expenses were waived/reimbursed.
Effective immediately, the Example table under the section Fund Fees & Expenses in the Absolute Asia Dynamic Equity Fund Class Y Fund Summary is amended as follows:
Class Y | ||||
1 year |
$ | 153 | ||
3 years |
$ | 1,592 | ||
5 years |
$ | 2,971 | ||
10 years |
$ | 6,173 |
***
Effective immediately, the Annual Fund Operating Expenses table under the section Fund Fees & Expenses in the ASG Diversifying Strategies Fund Class AC Fund Summary is amended as follows:
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
Class A | Class C | ||||||
Management fees |
1.25 | % | 1.25 | % | ||||
Distribution and/or service (12b-1) fees |
0.25 | % | 1.00 | % | ||||
Other expenses (restated to reflect current expenses) |
0.49 | % | 0.41 | % | ||||
Total annual fund operating expenses |
1.99 | % | 2.66 | % | ||||
Fee waiver and/or expense reimbursement1 |
0.25 | % | 0.17 | % | ||||
Total annual fund operating expenses after fee waiver and/or expense reimbursement |
1.74 | % | 2.49 | % |
1 AlphaSimplex Group, LLC (the Adviser) has given a binding contractual undertaking to the Fund to limit the amount of the Funds total annual fund operating expenses to 1.70% and 2.45% of the Funds average daily net assets for Class A and C shares, respectively, exclusive of organizational expenses, brokerage expenses, interest expense, taxes and extraordinary expenses, such as litigation and indemnification expenses. This undertaking is in effect through April 30, 2012 and may be terminated before then only with the consent of the Funds Board of Trustees. The Funds Adviser will be permitted to recover, on a class by class basis, management fees waived and/or expenses reimbursed to the extent that expenses in later periods fall below 1.70% and 2.45% of the Funds average daily net assets for Class A and C shares, respectively. The Fund will not be obligated to repay any such waived/reimbursed fees and expenses more than one year after the end of the fiscal year in which the fee/expense was waived/reimbursed.
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Effective immediately, the Example table under the section Fund Fees & Expenses in the ASG Diversifying Strategies Fund Class AC Fund Summary is amended as follows:
Class A | Class C | |||||||||||
If shares are redeemed |
If shares are not redeemed |
|||||||||||
1 year |
$ | 742 | $ | 352 | $ | 252 | ||||||
3 years |
$ | 1,141 | $ | 810 | $ | 810 | ||||||
5 years |
$ | 1,564 | $ | 1,395 | $ | 1,395 | ||||||
10 years |
$ | 2,740 | $ | 2,980 | $ | 2,980 |
Effective immediately, the following sentence is added under the bar chart in the sub-section Risk/Return Bar Chart and Table within the section Investments, Risks and Performance with regard to the ASG Diversifying Strategies Fund Class AC Fund Summary:
The Funds Class A shares total return year to date as of March 31, 2011 was -0.86%.
Effective immediately, the Annual Fund Operating Expenses table under the section Fund Fees & Expenses in the ASG Diversifying Strategies Fund Class Y Fund Summary is amended as follows:
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
Class Y | |||
Management fees |
1.25 | % | ||
Other expenses (restated to reflect current expenses) |
0.58 | % | ||
Total annual fund operating expenses |
1.83 | % | ||
Fee waiver and/or expense reimbursement1 |
0.34 | % | ||
Total annual fund operating expenses after fee waiver and/or expense reimbursement |
1.49 | % |
1 AlphaSimplex Group, LLC (the Adviser) has given a binding contractual undertaking to the Fund to limit the amount of the Funds total annual fund operating expenses to 1.45% of the Funds average daily net assets for Class Y shares, exclusive of organizational expenses, brokerage expenses, interest expense, taxes and extraordinary expenses, such as litigation and indemnification expenses. This undertaking is in effect through April 30, 2012 and may be terminated before then only with the consent of the Funds Board of Trustees. The Funds Adviser will be permitted to recover, on a class by class basis, management fees waived and/or expenses reimbursed to the extent that expenses in later periods fall below 1.45% of the Funds average daily net assets for Class Y shares. The Fund will not be obligated to repay any such waived/reimbursed fees and expenses more than one year after the end of the fiscal year in which the fee/expense was waived/reimbursed.
Effective immediately, the Example table under the section Fund Fees & Expenses in the ASG Diversifying Strategies Fund Class Y Fund Summary is amended as follows:
Class Y | ||||
1 year |
$ | 152 | ||
3 years |
$ | 543 | ||
5 years |
$ | 959 | ||
10 years |
$ | 2,120 |
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Effective immediately, the following sentence is added under the bar chart in the sub-section Risk/Return Bar Chart and Table within the section Investments, Risks and Performance with regard to the ASG Diversifying Strategies Fund Class Y Fund Summary:
The Funds Class Y shares total return year to date as of March 31, 2011 was -0.76%.
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