NATIXIS FUNDS
Supplement dated July 1, 2014 to the Natixis Funds Statement of Additional Information dated April 1, 2014, as may
be revised or supplemented from time to time, for the following funds:
Gateway International Fund |
Loomis Sayles Senior Floating Rate and Fixed Income Fund | |
Loomis Sayles Capital Income Fund |
Vaughan Nelson Select Fund | |
Loomis Sayles Emerging Markets Opportunities 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 (Senior Floating Rate and Fixed Income Fund) to limit the amount of the 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 table regarding expense limits in the sub-section Advisory Fees in the section Fund Charges and Expenses is amended for the Senior Floating Rate and Fixed Income Fund as follows:
Fund |
Expense Limit |
Date of Undertaking | ||
Senior Floating Rate and Fixed Income Fund |
July 1, 2014 | |||
Class A |
1.05% | |||
Class C |
1.80% | |||
Class Y |
0.80% |
ALL FUNDS
Effective immediately, the following disclosure within the section Net Asset Value 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. |