Summary Prospectus May 1, 2011, as revised January 1, 2012 |
Before you invest, you may want to review the Fund’s Prospectus, which contains more information about the Fund and its risks. You can find the Fund’s Prospectus and other information about the Fund online at ngam.natixis.com/funddocuments. You can also get this information at no cost by calling 800-225-5478 or by sending an e-mail request to NatixisFunds@ngam.natixis.com. The Fund’s Prospectus and Statement of Additional Information, each dated May 1, 2011 are incorporated by reference into this Summary Prospectus. |
Shareholder Fees(fees paid directly from your investment) | Class A | Class C |
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | 5.75% | None |
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, as applicable) | None | 1.00% |
Redemption fees | None | None |
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% |
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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 |
1 | AlphaSimplex Group, LLC (the “Adviser”) has given a binding contractual undertaking to the Fund to limit the amount of the Fund’s total annual fund operating expenses to 1.70% and 2.45% of the Fund’s 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 Fund’s Board of Trustees. The Fund’s 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 Fund’s 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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Highest Quarterly Return: Third Quarter 2010, 13.89% |
Lowest Quarterly Return: Fourth Quarter 2010, -4.18% |
Average Annual Total Returns (for the periods ended December 31, 2010) |
Past 1 Year | Life of Fund (8/3/09) |
ASG Diversifying Strategies Fund Class A – Return Before Taxes |
2.24% | 6.74% |
Return After Taxes on Distributions | 0.58% | 4.44% |
Return After Taxes on Distributions & Sales of Fund Shares | 1.74% | 4.59% |
Class C – Return Before Taxes | 6.58% | 10.41% |
HFRI Fund of Funds Composite Index (Calculated from August 1, 2009) | 5.46% | 7.00% |
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Type of Account | Minimum Initial Purchase |
Minimum Subsequent Purchase |
Any account other than those listed below | $2,500 | $100 |
For shareholders participating in Natixis Funds’ Investment Builder Program | $1,000 | $50 |
For Traditional IRA, Roth IRA, Rollover IRA, SEP-IRA and Keogh plans using the Natixis Funds’ prototype document (direct accounts, not held through intermediary) | $1,000 | $100 |
Coverdell Education Savings Accounts | $500 | $100 |
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Summary Prospectus May 1, 2011, as revised January 1, 2012 |
Before you invest, you may want to review the Fund’s Prospectus, which contains more information about the Fund and its risks. You can find the Fund’s Prospectus and other information about the Fund online at ngam.natixis.com/funddocuments. You can also get this information at no cost by calling 800-225-5478 or by sending an e-mail request to NatixisFunds@ngam.natixis.com. The Fund’s Prospectus and Statement of Additional Information, each dated May 1, 2011 are incorporated by reference into this Summary Prospectus. |
Shareholder Fees(fees paid directly from your investment) | Class Y |
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | None |
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, as applicable) | None |
Redemption fees | None |
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% |
Class Y |
1 year | $152 |
3 years | $543 |
5 years | $959 |
10 years | $2,120 |
1 | AlphaSimplex Group, LLC (the “Adviser”) has given a binding contractual undertaking to the Fund to limit the amount of the Fund’s total annual fund operating expenses to 1.45% of the Fund’s 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 Fund’s Board of Trustees. The Fund’s 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 Fund’s 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. |
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Highest Quarterly Return: Third Quarter 2010, 13.97% |
Lowest Quarterly Return: Fourth Quarter 2010, -4.19% |
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Average Annual Total Returns (for the periods ended December 31, 2010) |
Past 1 Year | Life of Fund (8/3/09) |
ASG Diversifying Strategies Fund Class Y – Return Before Taxes |
8.63% | 11.47% |
Return After Taxes on Distributions | 6.84% | 9.03% |
Return After Taxes on Distributions & Sales of Fund Shares | 5.91% | 8.54% |
HFRI Fund of Funds Composite Index (Calculated from August 1, 2009) | 5.46% | 7.00% |
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