497 1 d221437d497.htm NATIXIS FUNDS TRUST II Natixis Funds Trust II

NATIXIS FUNDS

Supplement dated June 30, 2016 to the Natixis Funds Summary Prospectuses and Statutory Prospectuses, dated April 1, 2016 and May 1, 2016 as may be revised or supplemented from time to time, for the following funds.

LOOMIS SAYLES DIVIDEND INCOME FUND

Effective July 1, 2016, Loomis, Sayles & Company, L.P. has given a binding contractual undertaking to the Fund to limit the amount of the Fund’s total annual fund operating expenses (exclusive of brokerage expenses, interest expense, taxes, acquired fund fees and expenses, organizational and extraordinary expenses, such as litigation and indemnification expenses) to 1.10%, 1.85% and 0.85% of the Fund’s average daily net assets for Class A, Class C and Class Y shares, respectively.

This undertaking is in effect through March 31, 2018.

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 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

      0.75 %      0.75 %      0.72 % 

Total annual fund operating expenses

      1.60 %      2.35 %      1.32 % 

Fee waiver and/or expense reimbursement1

      0.50 %      0.50 %      0.47 % 

Total annual fund operating expenses after fee waiver and/or expense reimbursement

      1.10 %      1.85 %      0.85 % 

 

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 Fund’s total annual fund operating expenses to 1.10%, 1.85% and 0.85% 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, organizational and extraordinary expenses, such as litigation and indemnification expenses. This undertaking is in effect through March 31, 2018 and may be terminated before then only with the consent of the Fund’s 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 the applicable expense limitations for Class A, C and 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.

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 Fund’s operating expenses remain the same, except that the example is based on Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement for the first 21 months and on the Total Annual Fund Operating 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

    $ 681       $ 969       $ 1,316       $ 2,295   

Class C

    $ 288       $ 648       $ 1,174       $ 2,618   

Class Y

    $ 87       $ 335       $ 643       $ 1,517   

 

If shares are not redeemed:

  
     1 year      3 years      5 years      10 years  

Class C

    $ 188       $ 648       $ 1,174       $ 2,618   

VAUGHAN NELSON SELECT FUND

Effective July 1, 2016, NGAM Advisors, L.P. has given a binding contractual undertaking to the Fund to limit the amount of the Fund’s total annual fund operating expenses (exclusive of brokerage expenses, interest expense, taxes, acquired fund fees and expenses, organizational and extraordinary expenses, such as litigation and indemnification expenses) to 1.30%, 2.05% and 1.05% of the Fund’s average daily net assets for Class A, Class C and Class Y shares, respectively.

This undertaking is in effect through March 31, 2018.

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 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

      0.85 %      0.85 %      0.85 % 

Distribution and/or service (12b-1) fees

      0.25 %      1.00 %      0.00 % 

Other expenses

      0.30 %      0.30 %      0.30 % 

Acquired fund fees and expenses1,2

      0.14 %      0.14 %      0.14 % 

Total annual fund operating expenses

      1.54 %      2.29 %      1.29 % 

Fee waiver and/or expense reimbursement

      0.10 %      0.10 %      0.10 % 

Total annual fund operating expenses after the fee waiver and/or expense reimbursement

      1.44 %      2.19 %      1.19 % 

 

1 The expense information shown in the table above may differ from the expense information disclosed in the Fund’s financial highlights table because the financial highlights table reflects the operating expenses of the Fund and does not include acquired fund fees and expenses.
2 NGAM Advisors, L.P. (“NGAM Advisors”) has given a binding contractual undertaking to the Fund to limit the amount of the Fund’s total annual fund operating expenses to 1.30%, 2.05% and 1.05% 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, 2018 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 the applicable expense limitations for Class A, C and 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.

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 Fund’s operating expenses remain the same, except that the example is based on Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement for the first 21 months and on the Total Annual Fund Operating 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

    $ 713       $ 1,017       $ 1,350       $ 2,290   

Class C

    $ 322       $ 698       $ 1,209       $ 2,612   

Class Y

    $ 121       $ 391       $ 691       $ 1,541   

 

If shares are not redeemed:

  
     1 year      3 years      5 years      10 years  

Class C

    $ 222       $ 698       $ 1,209       $ 2,612   

SEEYONDSM MULTI-ASSET ALLOCATION FUND

Effective July 1, 2016, Natixis Asset Management U.S., LLC has given a binding contractual undertaking to the Fund to limit the amount of the Fund’s total annual fund operating expenses (exclusive of brokerage expenses, interest expense, taxes, acquired fund fees and expenses, organizational and extraordinary expenses, such as litigation and indemnification expenses) to 1.25%, 2.00%, and 1.00% of the Fund’s average daily net assets for Class A, Class C and Class Y shares, respectively.

This undertaking is in effect through April 30, 2018.

Additionally, effective July 1, 2016, Natixis Asset Management U.S., LLC has reduced the advisory fee for the Fund.

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 Fund:

Annual Fund Operating Expenses1

(expenses that you pay each year as a percentage of the value of your investment)

 

     Class A     Class C     Class Y  

Management fees

      0.80 %      0.80 %      0.80 % 

Distribution and/or service (12b-1) fees

      0.25 %      1.00 %      0.00 % 

Other expenses

      0.50 %      0.48 %      0.44 % 

Acquired fund fees and expenses2

      0.05 %      0.05 %      0.05 % 

Total annual fund operating expenses

      1.60 %      2.33 %      1.29 % 

Fee waiver and/or expense reimbursement3

      0.25 %      0.23 %      0.20 % 

Total annual fund operating expenses after fee waiver and/or expense reimbursement

      1.35 %      2.10 %      1.09 % 

 

1 The Fund’s operating expenses have been restated to reflect a reduction in management fees, effective as of July 1, 2016, as if such reduction had been in effect during the fiscal year ended December 31, 2015. The information has been restated to better reflect anticipated expenses of the Fund.
2 The expense information shown in the table differs from the expense information disclosed in the Fund’s financial highlights table because the financial highlights table reflects the operating expenses of the Fund and does not include acquired fund fees and expenses.
3 Natixis Asset Management U.S., LLC (“Natixis AM US” or 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 1.25%, 2.00% and 1.00% of the Fund’s average daily net assets for Class A, Class C and Class 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 April 30, 2018 and may be terminated before then only with the consent of the Fund’s 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 the applicable expense limitations for Class A, C and 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.

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 Fund’s operating expenses remain the same, except that the example is based on the Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement for the first 22 months and on the Total Annual Fund Operating 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

    $ 705       $ 1,008       $ 1,354       $ 2,329   

Class C

    $ 313       $ 686       $ 1,206       $ 2,633   

Class Y

    $ 111       $ 372       $ 672       $ 1,524   

 

If shares are not redeemed:

  
     1 year      3 years      5 years      10 years  

Class C

    $ 213       $ 686       $ 1,206       $ 2,633   

LOOMIS SAYLES EMERGING MARKETS OPPORTUNITIES FUND

Effective immediately, the first paragraph within the section “Fund Services” under “Dividends and Distributions” is hereby amended and restated as follows:

The Funds generally distribute annually all or substantially all of their net investment income (other than capital gains) in the form of dividends. The following table shows when each Fund expects to distribute dividends. Each Fund expects to distribute all or substantially all of its net realized long- and short-term capital gains annually (or, in the case of short-term gains, more frequently than annually if determined by the Fund to be in the best interest of shareholders), after applying any capital loss carryovers. To the extent permitted by law, the Board of Trustees may adopt a different schedule for making distributions as long as distributions of net investment income and net realized capital gains, if any, are made at least annually. A Fund’s distribution rate fluctuates over time for various reasons, and there can be no assurance that a Fund’s distributions will not decrease or that a Fund will make any distributions when scheduled. For example, foreign currency losses potentially reduce or eliminate, and have in the past reduced and eliminated, regularly scheduled distributions for certain funds.

LOOMIS SAYLES STRATEGIC ALPHA FUND

Effective immediately, the second paragraph within the section “Fund Services” under “Dividends and Distributions” is hereby amended and restated as follows:

In addition, each Fund expects to distribute all or substantially all of its net realized long- and short-term capital gains annually (or, in the case of short-term gains, more frequently than annually if determined by the Fund to be in the best interest of shareholders), after applying any capital loss carryovers. To the extent permitted by law, the Board of Trustees may adopt a different schedule for making distributions as long as distributions of net investment income and net realized capital gains, if any, are made at least annually. A Fund’s distribution rate fluctuates over time for various reasons, and there can be no assurance that a Fund’s distributions will not decrease or that a Fund will make any distributions when scheduled. For example, foreign currency losses potentially reduce, and have in the past reduced, regularly scheduled distributions for certain funds.