Summary Prospectus June 29, 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 June 29, 2012 are incorporated by reference into this Summary Prospectus. |
Shareholder Fees(fees paid directly from your investment) | Class A | Class C | Class Y |
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | 5.75% |
None | None |
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, as applicable) | None | 1.00% | None |
Redemption fees | None | 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 | Class Y |
Management fees | 0.85% | 0.85% | 0.85% |
Distribution and/or service (12b-1) fees | 0.25% | 1.00% | 0.00% |
Other expenses1 |
Dividend expenses on securities sold short | 0.10% | 0.10% | 0.10% |
Remainder of other expenses | 1.81% | 1.81% | 1.81% |
Total other expenses | 1.91% | 1.91% | 1.91% |
Total annual fund operating expenses | 3.01% | 3.76% | 2.76% |
Fee waiver and/or expense reimbursement2 | 1.51% | 1.51% | 1.51% |
Total annual fund operating expenses after fee waiver and/or expense reimbursement | 1.50% | 2.25% | 1.25% |
1 | Other expenses are based on estimated amounts for the current fiscal year. |
2 | The Fund’s investment adviser has given a binding contractual undertaking to the Fund to limit the amount of the Fund’s total annual fund operating expenses to 1.40%, 2.15% and 1.15% of the Fund’s average daily net assets for Class A, C and Y shares, respectively, exclusive of brokerage expenses, interest expense, taxes, acquired fund fees and expenses, dividend expenses on securities sold short, organizational and extraordinary expenses, such as litigation and indemnification expenses. This undertaking is in effect through March 31, 2014 and may be terminated before then only with the consent of the Fund’s Board of Trustees. The Fund’s 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 1.40%, 2.15% and 1.15% of the Fund’s average daily net assets for Class A, C and Y 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. |
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1 |
If shares are redeemed: | ||
1 year | 3 years | |
Class A | $719 | $1,211 |
Class C | $328 | $899 |
Class Y | $127 | $598 |
If shares are not redeemed: | ||
1 year | 3 years | |
Class C | $228 | $899 |
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2 |
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3 |
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4 |
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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5 |
Intentionally Left Blank |