NATIXIS FUNDS
Supplement dated July 1, 2014 to the Natixis Funds Prospectus, dated April 1, 2014, as may be revised or
supplemented from time to time, for the following funds.
Gateway International Fund
Loomis Sayles Capital Income Fund
Loomis Sayles Emerging Markets Opportunities Fund
Loomis Sayles Senior Floating Rate and Fixed Income Fund
Vaughan Nelson Select Fund
LOOMIS SAYLES SENIOR FLOATING RATE AND FIXED INCOME FUND
Effective July 1, 2014, Loomis, Sayles & Company, L.P., has given a binding contractual undertaking to the Loomis Sayles Senior Floating Rate and Fixed Income Fund to limit the amount of the Loomis Sayles Senior Floating Rate and Fixed Income Funds total annual fund operating expenses (exclusive of brokerage expenses, interest expenses, taxes, acquired fund fees and expenses, organizational and extraordinary expenses, such as litigation and indemnification expenses) to 1.05%, 1.80% and 0.80% of the Funds average daily net assets for Class A, C, and Y shares, respectively. This undertaking is in effect through March 31, 2016.
Accordingly, the Annual Fund Operating Expenses table and the Example table within the section Fund Fees & Expenses are amended and restated as follows with respect to the Loomis Sayles Senior Floating Rate and Fixed Income Fund:
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 |
0.60 | % | 0.60 | % | 0.60 | % | ||||||
Distribution and/or service (12b-1) fees |
0.25 | % | 1.00 | % | 0.00 | % | ||||||
Other expenses |
||||||||||||
Fee/expense recovery |
0.01 | % | 0.01 | % | 0.02 | % | ||||||
Remainder of other expenses |
0.24 | % | 0.24 | % | 0.23 | % | ||||||
Total other expenses |
0.25 | % | 0.25 | % | 0.25 | % | ||||||
Total annual fund operating expenses |
1.10 | % | 1.85 | % | 0.85 | % | ||||||
Fee waiver and/or expense reimbursement1 |
0.05 | % | 0.05 | % | 0.05 | % | ||||||
Total annual fund operating expenses after fee waiver and/or expense reimbursement |
1.05 | % | 1.80 | % | 0.80 | % |
1 | Loomis, Sayles & Company, L.P. (Loomis Sayles or the Adviser) has given a binding contractual undertaking to the Fund to limit the amount of the Funds total annual fund operating expenses to 1.05%, 1.80% and 0.80% of the Funds average daily net assets for Class A, C, and Y 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 March 31, 2016 and may be terminated before then only with the consent of the Funds Board of Trustees. The 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 1.05%, 1.80% and 0.80% of the Funds 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. |
1
Example
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods (except where indicated). The example also assumes that your investment has a 5% return each year and that the Funds operating expenses remain the same, except that the example is based on the Total Operating Expenses After Fee Waiver and/or Expense Reimbursement for the first 21 months and on the Total Annual Fund Expenses for the remaining periods. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
If shares are redeemed:
1 year | 3 years | 5 years | 10 years | |||||||||||||
Class A |
$ | 453 | $ | 679 | $ | 927 | $ | 1,636 | ||||||||
Class C |
$ | 283 | $ | 573 | $ | 992 | $ | 2,162 | ||||||||
Class Y |
$ | 82 | $ | 262 | $ | 463 | $ | 1,041 |
If shares are not redeemed:
1 year | 3 years | 5 years | 10 years | |||||||||||||
Class C |
$ | 183 | $ | 573 | $ | 992 | $ | 2,162 |
ALL FUNDS
Effective immediately, the following disclosure within the sub-section How Fund Shares Are Priced within the section Fund Services is hereby amended and restated as follows:
| Options domestic exchange-traded single equity option contracts (including options on exchange-traded funds) are valued at the mean of the National Best Bid and Offer quotations. Option contracts on domestic indices shall be priced at the average of the closing bid and ask quotations as of the close of trading on the Chicago Board Options Exchange. Option contracts on international indices shall be priced at the most recent settlement price. Options on futures contracts are valued using the current settlement price on the exchange on which, over time, they are traded most extensively. FLexible EXchange® Options (FLEX Options) on exchange-traded funds (ETFs) are priced at the mid price (between the bid price and the ask price) supplied by an independent pricing service. Other exchange-traded options are valued at the average of the closing bid and ask quotations on the exchange on which, over time, they are traded most extensively. Over-the-counter (OTC) international index options are valued at the most recent settlement prices supplied by an independent pricing service as of the close of the local market. Swaptions, OTC currency options and OTC options on ETFs are priced at the mid price (between the bid price and the ask price) supplied by an independent pricing service, if available. Other OTC options contracts (including international index options, swaptions, currency options and options on ETFs not priced through an independent pricing service) are valued based on quotations obtained from broker-dealers. |
2