Class A | Class C | Class N | Class T | Class Y | ||||||||||||||||
Management fees |
0.60 | % | 0.60 | % | 0.60 | % | 0.60 | % | 0.60 | % | ||||||||||
Distribution and/or service (12b‑1) fees |
0.25 | % | 1.00 | % | 0.00 | % | 0.25 | % | 0.00 | % | ||||||||||
Other expenses1 |
0.40 | % | 0.40 | % | 0.37 | % | 0.40 | %2 | 0.40 | % | ||||||||||
Total annual fund operating expenses |
1.25 | % | 2.00 | % | 0.97 | % | 1.25 | % | 1.00 | % | ||||||||||
Fee waiver and/or expense reimbursement3,4 |
0.25 | % | 0.25 | % | 0.27 | % | 0.25 | % | 0.25 | % | ||||||||||
Total annual fund operating expenses after fee waiver and/or expense reimbursement |
1.00 | % | 1.75 | % | 0.70 | % | 1.00 | % | 0.75 | % |
1 | The expense information shown in the table above includes acquired fund fees and expenses of less than 0.01%; the ratios 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 | Other expenses for Class T shares are estimated for the current fiscal year. |
3 | 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 1.00%, 1.75%, 0.70%, 1.00% and 0.75% of the Fund’s average daily net assets for Class A, C, N T 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, 2025 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 both (1) the class’ applicable expense limitation. 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. |
4 | Natixis Advisors, LLC (“Natixis Advisors”) has given a binding contractual undertaking to the Fund to reimburse any and all transfer agency expenses for the Class N shares. This undertaking is in effect through March 31, 2024 and may be terminated before then only with the consent of the Fund’s Board of Trustees. |
If shares are redeemed: | 1 year | 3 years | 5 years | 10 years | ||||||||||||
Class A |
$ | 448 | $ | 690 | $ | 971 | $ | 1,770 | ||||||||
Class C |
$ | 278 | $ | 584 | $ | 1,036 | $ | 2,097 | ||||||||
Class N |
$ | 72 | $ | 261 | $ | 489 | $ | 1,145 | ||||||||
Class T |
$ | 349 | $ | 593 | $ | 877 | $ | 1,685 | ||||||||
Class Y |
$ | 77 | $ | 274 | $ | 509 | $ | 1,184 | ||||||||
If shares are not redeemed: | 1 year | 3 years | 5 years | 10 years | ||||||||||||
Class C |
$ | 178 | $ | 584 | $ | 1,036 | $ | 2,097 |
Fund | Expense Limit | Date of Undertaking | ||||||
Senior Floating Rate and Fixed Income* |
||||||||
Class A |
1.00 | % | July 1, 2023 | |||||
Class C |
1.75 | % | July 1, 2023 | |||||
Class N |
0.70 | % | July 1, 2023 | |||||
Class T |
1.00 | % | July 1, 2023 | |||||
Class Y |
0.75 | % | July 1, 2023 |
* | Natixis Advisors will bear a portion of the waiver and/or expense reimbursement. The Natixis Advisors portion of the waiver and/or expense reimbursement will be equal to the ratio of the Natixis Advisors Support Services Fee divided by the management fee earned by Loomis Sayles. |