-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KSQQmuNBtjbn7ENOeOFmXfnT9n4sgp0X1on3Ta9rvgL0HkhOCLuqSpk9U19gcWkg 1YS1WcPhOc7yEJid5AWDdQ== 0001410368-09-000048.txt : 20090529 0001410368-09-000048.hdr.sgml : 20090529 20090529155905 ACCESSION NUMBER: 0001410368-09-000048 CONFORMED SUBMISSION TYPE: NSAR-A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090331 FILED AS OF DATE: 20090529 DATE AS OF CHANGE: 20090529 EFFECTIVENESS DATE: 20090529 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Natixis Funds Trust I CENTRAL INDEX KEY: 0000770540 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-A SEC ACT: 1940 Act SEC FILE NUMBER: 811-04323 FILM NUMBER: 09861759 BUSINESS ADDRESS: STREET 1: 399 BOYLSTON STREET STREET 2: 12TH FLOOR CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 800-283-1155 MAIL ADDRESS: STREET 1: 399 BOYLSTON STREET STREET 2: 12TH FLOOR CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: IXIS Advisor Funds Trust I DATE OF NAME CHANGE: 20050502 FORMER COMPANY: FORMER CONFORMED NAME: CDC NVEST FUNDS TRUST I DATE OF NAME CHANGE: 20010503 FORMER COMPANY: FORMER CONFORMED NAME: NVEST FUNDS TRUST I DATE OF NAME CHANGE: 20000202 0000770540 S000006660 Loomis Sayles Core Plus Bond Fund C000018168 Class A NEFRX C000018169 Class B NERBX C000018170 Class C NECRX C000018171 Class Y NERYX NSAR-A 1 answer.fil NSAR-A PAGE 1 000 A000000 03/31/2009 000 C000000 0000770540 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 NATIXIS FUNDS TRUST I 001 B000000 811-4323 001 C000000 6174492809 002 A000000 399 BOYLSTON STREET 002 B000000 BOSTON 002 C000000 MA 002 D010000 02116 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 1 007 C010400 4 007 C020400 Loomis Sayles Core Plus Bond Fund 007 C030400 N 008 A000401 LOOMIS, SAYLES & COMPANY, L.P. 008 B000401 A 008 C000401 801-170 008 D010401 BOSTON 008 D020401 MA 008 D030401 02111 010 A00AA01 NATIXIS ASSET MANAGEMENT ADVISORS, L.P. 010 B00AA01 801-48408 010 C01AA01 BOSTON 010 C02AA01 MA 010 C03AA01 02116 011 A00AA01 NATIXIS DISTRIBUTORS, L.P. 011 B00AA01 8-46325 011 C01AA01 BOSTON 011 C02AA01 MA 011 C03AA01 02116 012 A00AA01 BOSTON FINANCIAL DATA SERVICES 012 B00AA01 84-0089600 012 C01AA01 NORTH QUINCY 012 C02AA01 MA 012 C03AA01 02171 013 A00AA01 PRICEWATERHOUSECOOPERS LLP 013 B01AA01 BOSTON 013 B02AA01 MA 013 B03AA01 02110 014 A00AA01 BANQUE DE LA REUNION PAGE 2 014 B00AA01 8-00000 014 A00AA02 BANQUE DE LA NOUVELLE CALEDONIE 014 B00AA02 8-00000 014 A00AA03 BANQUE DE TAHITI 014 B00AA03 8-00000 014 A00AA04 BANQUE DES ANTILLES FRANCAISES 014 B00AA04 8-00000 014 A00AA05 BANQUE DES ILES SAINT-PIERRE ET MIQUELON 014 B00AA05 8-00000 014 A00AA06 CREDIT SAINT PIERRAIS 014 B00AA06 8-00000 014 A00AA07 GESTITRES SA 014 B00AA07 8-00000 014 A00AA08 HARRIS ASSOCIATES SECURITIES, L.P. 014 B00AA08 8-49575 014 A00AA09 NATIXIS DISTRIBUTORS, L.P 014 B00AA09 8-00000 014 A00AA10 Natixis Asset Management 014 B00AA10 8-00000 014 A00AA11 NATIXIS SECURITIES 014 B00AA11 8-00000 014 A00AA12 LOOMIS, SAYLES DISTRIBUTORS, L.P. 014 B00AA12 8-43429 014 A00AA13 CAISSE D'EPARGNE DE LA NOUVELLE CALEDONIE 014 B00AA13 8-00000 014 A00AA14 NEXGEN CAPITAL LTD. 014 B00AA14 8-00000 014 A00AA15 Natixis Corporate Solutions (Asia) Pte Ltd. 014 B00AA15 8-00000 014 A00AA16 REICH & TANG DISTRIBUTORS, INC. 014 B00AA16 8-150551 014 A00AA17 BANQUE PALATINE 014 B00AA17 8-00000 014 A00AA18 LA COMPAGNIE 1818 - BANQUIERS PRIVES 014 B00AA18 8-00000 014 A00AA19 Banco Primus 014 B00AA19 8-00000 014 A00AA20 Banque Privee Saint-Dominique 014 B00AA20 8-00000 014 A00AA21 Banque BCP 014 B00AA21 8-00000 014 A00AA22 Banque BCP (Luxembourg) SA 014 B00AA22 8-00000 014 A00AA23 CACEIS Bank 014 B00AA23 8-00000 014 A00AA24 CACEIS Bank Luxembourg 014 B00AA24 8-00000 014 A00AA25 CREDIT FONCIER DE FRANCE 014 B00AA25 8-00000 014 A00AA26 CACEIS Corporate Trust 014 B00AA26 8-00000 PAGE 3 014 A00AA27 Fongepar 014 B00AA27 8-00000 014 A00AA28 Natixis ASIA Limited (Hong Kong) 014 B00AA28 8-00000 014 A00AA29 Natixis Capital Arranger Inc 014 B00AA29 8-00000 014 A00AA30 Natixis Commercial Paper Corp. 014 B00AA30 8-00000 014 A00AA31 Natixis Derivatives Inc. 014 B00AA31 8-53212 014 A00AA32 Natixis Financial Instruments 014 B00AA32 8-00000 014 A00AA33 Natixis Funding Corp. 014 B00AA33 8-00000 014 A00AA34 Natixis Municipal Products Inc. 014 B00AA34 8-00000 014 A00AA35 Natixis Real Estate Capital Inc. 014 B00AA35 8-00000 014 A00AA36 Natixis Securities North America, Inc. 014 B00AA36 8-00000 014 A00AA37 Natixis Structured Products (Jersey) 014 B00AA37 8-00000 014 A00AA38 Natixis 014 B00AA38 8-00000 014 A00AA39 Natixis Arbitrage 014 B00AA39 8-00000 014 A00AA40 Natixis Finance 014 B00AA40 8-00000 014 A00AA41 Natixis Financial Products Inc. 014 B00AA41 8-00000 014 A00AA42 Natixis Corporate Solutions Limited 014 B00AA42 8-00000 014 A00AA43 NATIXIS GLOBAL ASSOCIATES GERMANY GMBH 014 B00AA43 8-00000 014 A00AA44 Natixis Bleichroeder, Inc. 014 B00AA44 8-00000 014 A00AA45 AEW LUXEMBOURG SARL 014 B00AA45 8-00000 014 A00AA46 NATIXIS SECURITIES, INC 014 B00AA46 8-00000 014 A00AA47 LAZARD-NATIXIS 014 B00AA47 8-00000 014 A00AA48 BANQUE DES MASCAREIGNES 014 B00AA48 8-00000 014 A00AA49 MULTI ACCES BANQUE- MA BANQUE 014 B00AA49 8-00000 014 A00AA50 Banque Chaix 014 B00AA50 8-00000 014 A00AA51 Banque de Savoie 014 B00AA51 8-00000 014 A00AA52 Banque Dupuy de Parseval PAGE 4 014 B00AA52 8-00000 014 A00AA53 Banque Marze 014 B00AA53 8-00000 014 A00AA54 Banque Pelletier 014 B00AA54 8-00000 014 A00AA55 Credit Commercial du Sud-Ouest- CCSO 014 B00AA55 8-00000 014 A00AA56 Natixis Global Associates Switzerland 014 B00AA56 8-00000 014 A00AA57 Societe Marseillaise de Credit 014 B00AA57 8-00000 015 A00AA01 STATE STREET BANK & TRUST 015 B00AA01 C 015 C01AA01 BOSTON 015 C02AA01 MA 015 C03AA01 02110 015 E01AA01 X 015 A00AA02 STATE STREET TRUST CO. CANADA 015 B00AA02 S 015 C01AA02 TORONTO 015 D01AA02 CANADA 015 E04AA02 X 015 A00AA03 EUROCLEAR 015 B00AA03 S 015 C01AA03 BRUSSELS 015 D01AA03 BELGIUM 015 E04AA03 X 015 A00AA04 CANADA SELF CUSTODY - CDSX CLEARING SYSTEM 015 B00AA04 S 015 C01AA04 TORONTO 015 D01AA04 CANADA 015 E04AA04 X 015 A00AA05 CANADA SELF CUSTODY - PHYSICAL 015 B00AA05 S 015 C01AA05 TORONTO 015 D01AA05 CANADA 015 E04AA05 X 018 00AA00 Y 019 A00AA00 Y 019 B00AA00 40 019 C00AA00 IXISLOOMIS 021 000000 0 022 A000001 STATE STREET BANK & TRUST 022 B000001 14-1867445 022 C000001 582129 022 D000001 0 022 A000002 CITIGROUP GLOBAL MARKETS, INC. 022 B000002 13-3082694 022 C000002 6989 022 D000002 24151 022 A000003 BARCLAYS BANK PAGE 5 022 B000003 06-1031656 022 C000003 12659 022 D000003 6292 022 A000004 CREDIT SUISSE SECURITIES LLC (USA) 022 B000004 13-5659485 022 C000004 11327 022 D000004 5953 022 A000005 GREENWICH CAPITAL MARKETS, INC. 022 B000005 13-3172275 022 C000005 9130 022 D000005 6027 022 A000006 DEUTSCHE BANK SECURITIES, INC. 022 B000006 13-2730328 022 C000006 10174 022 D000006 4286 022 A000007 HSBC SECURITIES (U.S.A.), INC. 022 B000007 13-2764867 022 C000007 8023 022 D000007 5613 022 A000008 JPMORGAN CHASE SECURITIES, INC. 022 B000008 13-3224016 022 C000008 11603 022 D000008 1309 022 A000009 BANK OF AMERICA CORP. 022 B000009 95-4035346 022 C000009 11253 022 D000009 1106 022 A000010 MERRILL LYNCH PIERCE FENNER & SMITH, INC. 022 B000010 13-5674085 022 C000010 5208 022 D000010 6350 023 C000000 706536 023 D000000 90005 024 000400 Y 025 A000401 BANK OF AMERICA CORP. 025 B000401 95-4035346 025 C000401 D 025 D000401 3382 025 A000402 CITIGROUP GLOBAL MARKETS, INC. 025 B000402 13-3082694 025 C000402 D 025 D000402 2608 025 A000403 CREDIT SUISSE SECURIITIES LLC (USA) 025 B000403 13-5659485 025 C000403 D 025 D000403 658 025 A000404 GREENWICH CAPITAL MARKETS, INC. 025 B000404 13-3172275 025 C000404 D 025 D000404 2652 025 A000405 HSBC SECURITIES (U.S.A.), INC. PAGE 6 025 B000405 13-2764867 025 C000405 D 025 D000405 590 025 A000406 JPMORGAN CHASE SECURITIES INC. 025 B000406 13-3224016 025 C000406 D 025 D000406 3219 025 A000407 MERRILL LYNCH PIERCE FENNER & SMITH, INC. 025 B000407 13-5674085 025 C000407 D 025 D000407 2314 026 A000000 N 026 B000000 Y 026 C000000 Y 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 Y 026 H000000 N 027 000000 Y 028 A010400 14001 028 A020400 465 028 A030400 0 028 A040400 15325 028 B010400 10724 028 B020400 508 028 B030400 0 028 B040400 6674 028 C010400 25256 028 C020400 1505 028 C030400 0 028 C040400 6791 028 D010400 10490 028 D020400 361 028 D030400 0 028 D040400 11016 028 E010400 8009 028 E020400 490 028 E030400 0 028 E040400 7487 028 F010400 8831 028 F020400 622 028 F030400 0 028 F040400 6360 028 G010400 77311 028 G020400 3951 028 G030400 0 028 G040400 53653 028 H000400 2970 029 000400 Y PAGE 7 030 A000400 119 030 B000400 4.50 030 C000400 0.00 031 A000400 14 031 B000400 0 032 000400 105 033 000400 0 034 000400 Y 035 000400 25 036 A000400 N 036 B000400 0 037 000400 N 038 000400 0 039 000400 N 040 000400 Y 041 000400 Y 042 A000400 0 042 B000400 0 042 C000400 100 042 D000400 0 042 E000400 0 042 F000400 0 042 G000400 0 042 H000400 0 043 000400 398 044 000400 0 045 000400 Y 046 000400 Y 047 000400 Y 048 000400 0.000 048 A010400 100000 048 A020400 0.500 048 B010400 0 048 B020400 0.000 048 C010400 0 048 C020400 0.000 048 D010400 0 048 D020400 0.000 048 E010400 0 048 E020400 0.000 048 F010400 0 048 F020400 0.000 048 G010400 0 048 G020400 0.000 048 H010400 0 048 H020400 0.000 048 I010400 0 048 I020400 0.000 048 J010400 0 048 J020400 0.000 048 K010400 100000 PAGE 8 048 K020400 0.375 049 000400 N 050 000400 N 051 000400 N 052 000400 N 053 A000400 Y 053 B000400 Y 053 C000400 N 054 A00AA00 Y 054 B00AA00 Y 054 C00AA00 N 054 D00AA00 N 054 E00AA00 N 054 F00AA00 N 054 G00AA00 N 054 H00AA00 Y 054 I00AA00 N 054 J00AA00 Y 054 K00AA00 N 054 L00AA00 N 054 M00AA00 Y 054 N00AA00 N 054 O00AA00 N 055 A000400 N 055 B000400 N 056 000400 Y 057 000400 N 058 A000400 N 059 000400 Y 060 A000400 Y 060 B000400 Y 061 000400 2500 062 A000400 Y 062 B000400 0.0 062 C000400 0.0 062 D000400 0.8 062 E000400 0.0 062 F000400 0.0 062 G000400 0.0 062 H000400 0.0 062 I000400 0.0 062 J000400 0.0 062 K000400 0.0 062 L000400 0.0 062 M000400 11.1 062 N000400 23.5 062 O000400 0.0 062 P000400 53.0 062 Q000400 10.3 062 R000400 0.1 063 A000400 0 PAGE 9 063 B000400 9.8 064 A000400 Y 064 B000400 N 066 A000400 N 067 000400 N 068 A000400 N 068 B000400 N 069 000400 N 070 A010400 Y 070 A020400 Y 070 B010400 Y 070 B020400 N 070 C010400 Y 070 C020400 N 070 D010400 Y 070 D020400 N 070 E010400 Y 070 E020400 N 070 F010400 Y 070 F020400 N 070 G010400 Y 070 G020400 N 070 H010400 Y 070 H020400 N 070 I010400 N 070 I020400 N 070 J010400 Y 070 J020400 Y 070 K010400 Y 070 K020400 N 070 L010400 Y 070 L020400 Y 070 M010400 Y 070 M020400 Y 070 N010400 Y 070 N020400 N 070 O010400 N 070 O020400 N 070 P010400 Y 070 P020400 N 070 Q010400 N 070 Q020400 N 070 R010400 N 070 R020400 N 071 A000400 127149 071 B000400 99348 071 C000400 181057 071 D000400 55 072 A000400 6 072 B000400 5913 072 C000400 6 PAGE 10 072 D000400 0 072 E000400 3 072 F000400 410 072 G000400 47 072 H000400 0 072 I000400 132 072 J000400 13 072 K000400 0 072 L000400 23 072 M000400 6 072 N000400 34 072 O000400 0 072 P000400 0 072 Q000400 0 072 R000400 24 072 S000400 3 072 T000400 398 072 U000400 0 072 V000400 0 072 W000400 -17 072 X000400 1073 072 Y000400 72 072 Z000400 4921 072AA000400 6063 072BB000400 3401 072CC010400 0 072CC020400 540 072DD010400 4097 072DD020400 2266 072EE000400 0 073 A010400 0.0000 073 A020400 0.0000 073 B000400 0.0000 073 C000400 0.0000 074 A000400 289 074 B000400 1583 074 C000400 0 074 D000400 197443 074 E000400 237 074 F000400 0 074 G000400 0 074 H000400 0 074 I000400 0 074 J000400 7308 074 K000400 6 074 L000400 3294 074 M000400 0 074 N000400 210160 074 O000400 7582 074 P000400 312 074 Q000400 0 PAGE 11 074 R010400 0 074 R020400 0 074 R030400 0 074 R040400 520 074 S000400 0 074 T000400 201746 074 U010400 11735 074 U020400 7337 074 V010400 0.00 074 V020400 0.00 074 W000400 0.0000 074 X000400 7060 074 Y000400 0 075 A000400 0 075 B000400 186577 076 000400 0.00 077 A000000 Y 077 Q010000 Y 078 000000 N 080 C00AA00 0 081 B00AA00 0 082 B00AA00 0 083 B00AA00 0 084 B00AA00 0 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE JOHN SGROI TITLE VICE PRESIDENT EX-99.4 ACQ AGREEMNT 2 ex77q1d18f3plan.txt EXHIBIT77Q1D18/3PLAN Exhibit 77Q1(d) Gateway Trust Hansberger International Series Natixis Cash Management Trust Natixis Funds Trust I Natixis Funds Trust II Natixis Funds Trust III Natixis Funds Trust IV Loomis Sayles Funds I Loomis Sayles Funds II Amended and Restated Plan pursuant to Rule 18f-3(d) under the Investment Company Act of 1940 Effective as of May 1, 2009 Each series of Gateway Trust, Hansberger International Series, Natixis Cash Management Trust, Natixis Funds Trust I, Natixis Funds Trust II, Natixis Funds Trust III, Natixis Funds Trust IV, Loomis Sayles Funds I and Loomis Sayles Funds II (each series individually a "Fund" and such Trusts collectively the "Trusts") may from time to time issue one or more of the following classes of shares: Class A shares, Class B shares, Class C shares, Class J shares, Class Y shares, Admin Class shares, Advisor Class shares, Institutional Class shares and Retail Class shares. Shares of each class of a Fund shall represent an equal pro rata interest in such Fund and, generally, shall have identical voting, dividend, liquidation, and other rights, preferences, powers, restrictions, limitations, qualifications and terms and conditions, except that: (a) each class shall have a different designation; (b) each class shall bear any Class Expenses, as defined below; (c) each class shall have separate voting rights on any matter submitted to shareholders in which the interests of one class differ from the interests of any other class, and shall have exclusive voting rights on any matter submitted to shareholders that relates solely to that class; and (d) each class may have different conversion and exchange rights, as described below. In addition, each class is subject to such investment minimums and other conditions of eligibility as are set forth in the Funds' prospectuses (including statements of additional information) as from time to time in effect. The differences in expenses among these classes of shares, and the conversion and exchange features of each class of shares, are set forth below in this Plan, which is subject to change, to the extent permitted by law and by the Declaration of Trust and By-Laws of each Trust, by action of the Board of Trustees of each Trust. Natixis Cash Management Trust (the "Money Market Fund") and Hansberger International Series, in certain instances, are treated differently. In such instances, the treatment is specifically noted. Initial Sales Charge Class A shares are offered at a public offering price that is equal to their net asset value ("NAV") plus a sales charge of up to 5.75% of the public offering price (which maximum may be less for certain Funds, as described in the Funds' prospectuses as from time to time in effect). The sales charges on Class A shares are subject to reduction or waiver as permitted by Rule 22d-1 under the Investment Company Act of 1940 (the "1940 Act") and as described in the Funds' prospectuses as from time to time in effect. Prior to December 1, 2000, Class C shares were offered at a public offering price equal to their NAV, without an initial sales charge. From December 1, 2000 through January 31, 2004, Class C shares were offered at a public offering price that was equal to their NAV plus a sales charge of 1.00% of the public offering price (which maximum may be less for certain Funds, as was described in the Funds' then effective prospectuses as may have been in effect from time to time). The sales charges on Class C shares were subject to reduction or waiver as permitted by Rule 22d-1 under the 1940 Act and as described in the Funds' then effective prospectuses as may have been in effect from time to time. On and after February 1, 2004, Class C shares are offered at a public offering price equal to their NAV, without an initial sales charge. Class J shares of the Funds are offered at a public offering price that is equal to their NAV plus a front end sales charge of up to 3.50% of the public offering price (which maximum may be less for certain Funds, as described in the Funds' prospectuses as from time to time in effect). The sales charges on Class J shares are subject to reduction or waiver as permitted by Rule 22d-1 under the 1940 Act and as described in the Funds' prospectuses as from time to time in effect. Class B, Class C, Class Y, Admin Class, Advisor Class, Retail Class and Institutional Class shares are offered at their NAV, without an initial sales charge. Class A shares of the Money Market Fund are offered at their NAV, without an initial sales charge. Contingent Deferred Sales Charge Purchases of Class A shares of $1 million or more, purchases of Class C shares or purchases by certain retirement plans as described in the Funds prospectuses as from time to time in effect, that are redeemed within one year from purchase are subject to a contingent deferred sales charge (a "CDSC") of 1% of either the purchase price or the NAV of the shares redeemed, whichever is less. Class A and C shares are not otherwise subject to a CDSC. Class B shares that are redeemed within 6 years from purchase are subject to a CDSC of up to 5% (4% for shares purchased prior to May 1, 1997) of either the purchase price or the NAV of the shares redeemed, whichever is less; such percentage declines the longer the shares are held, as described in the Funds' prospectuses as from time to time in effect. Class B shares purchased with reinvested dividends or capital gain distributions are not subject to a CDSC. Effective July 30, 2007, no new accounts will be opened in Class B shares. Effective October 12, 2007, no additional investments may be made into Class B shares. The CDSC on Class A, Class B and Class C shares is subject to reduction or waiver in certain circumstances, as permitted by Rule 6c-10 under the 1940 Act and as described in the Funds' prospectuses as from time to time in effect. Class J, Class Y, Admin Class, Institutional Class and Retail Class shares are not subject to any CDSC. Class A, Class B and Class C shares of the Money Market Fund are offered at their net asset value ("NAV"), without a CDSC. Service, Administration and Distribution Fees Class A, Class B, Class C, Class J, Admin Class and Retail Class shares pay distribution and service fees pursuant to plans adopted pursuant to Rule 12b-1 under the 1940 Act (the "12b-1 Plans") for such classes. Class A, Class B, Class C, Class J, Admin Class and Retail Class shares also bear any costs associated with obtaining shareholder approval of any amendments to a 12b-1 Plan. There is no 12b-1 Plan for Advisor Class, Class Y or Institutional Class shares. Amounts payable under the 12b-1 Plans are subject to such further limitations as the Trustees may from time to time determine and as set forth in the prospectus of each Fund as from time to time in effect. Class A, Class B, Class C and Retail Class shares each pay, pursuant to the 12b-1 Plans, a service fee of up to 0.25% per annum of the average daily net assets attributable to such class (which percentage may be less for certain Funds, as described in the Funds' prospectuses as from time to time in effect). Class A shares do not pay a distribution fee pursuant to the 12b-1 Plans. Class B and Class C shares pay, pursuant to the 12b-1 Plans, a distribution fee of up to 0.75% per annum of the average daily net assets attributable to such class of shares (which percentages may be less for certain Funds, as described in the Funds' prospectuses as from time to time in effect). Class J shares pay, pursuant to the 12b-1 Plans, distribution and service fees of up to 0.75% of the average net assets attributable to Class J shares (which percentage may be less for certain Funds, as described in the Funds' prospectuses as from time to time in effect). Admin Class shares pay, pursuant to the 12b-1 Plans, distribution and service fees of up to 0.25% of the average daily net assets attributable to Admin class shares (which percentages may be less for certain Funds, as described in the Funds' prospectuses as from time to time in effect). In addition, Admin Class shares pay administrative fees to certain financial intermediaries for providing personal service and account maintenance for their customers who hold Admin class shares. These fees are paid on the average daily net assets attributable to Admin Class shares at the annual rate stated in the Funds' prospectuses as from time to time in effect. Class A, Class B and Class C shares of the Money Market Fund do not pay any distribution or service fees. Conversion and Exchange Features Class B shares automatically convert to Class A shares of the same Fund eight years after purchase, except that Class B shares purchased through the reinvestment of dividends and other distributions on Class B shares convert to Class A shares at the same time as the shares with respect to which they were purchased are converted. This conversion from Class B shares to Class A shares occurs once per month for all Class B shares that reach their eighth year over the course of that particular month. A Retail Class shareholder of a Fund who accumulates shares with a value greater than or equal to the minimum investment amount for Institutional Class shares of that same Fund may, at the shareholder's option upon written notice to the Trust, convert the shareholder's Retail Class shares of that Fund into Institutional Class shares of the same Fund at NAV, provided that the shareholder would otherwise be eligible to purchase Institutional Class shares of the Fund. An Institutional Class shareholder may, upon written notice to the Trust, convert the shareholder's Institutional Class shares into Retail Class shares of the same Fund at NAV if the investment option or program through which the shareholder invests no longer permits the use of Institutional Class shares in that option or program or if the shareholder is otherwise no longer eligible to participate in Institutional Class shares, provided that the shareholder would otherwise be eligible to purchase Retail Class shares of the Fund. Class A, Class C, Class Y, Class J, Admin Class, Advisor Class shares or Institutional Class shares of Hansberger International Series do not convert to any other class of shares. To the extent provided in the prospectus of the relevant Fund as from time to time in effect, Class A shares of any Fund may be exchanged, at the holder's option and subject to minimum investment requirements, for Class A shares of any other Fund that offers Class A shares without the payment of a sales charge, except that if Class A shares of a Fund are exchanged for shares of a Fund with a higher sales charge, then the difference in sales charges must be paid on the exchange. The holding period for determining any CDSC will include the holding period of the shares exchanged. Class A shares of the Money Market Fund on which no sales charge was previously paid or for which no holding period has commenced for purposes of determining the applicable CDSC may be exchanged for Class A shares of any other Funds on the basis of relative net asset value plus the sales charge applicable to initial purchases of Class A shares of the other Fund into which the shareholder is exchanging, and the holding period for purposes of determining the CDSC will commence at the time of the exchange. Class A shares of the Money Market Fund (including any reinvested dividends) received in exchange for Admin Class shares, Institutional Class shares or Retail Class shares of another Fund may be exchanged only for Admin Class shares, Retail Class shares or Institutional Class shares, as the case may be, of a Fund that offers such shares (this restriction may be waived by the officers of a Fund). Class A shares of a Fund acquired in connection with certain deferred compensation plans offered by New England Life Insurance Company ("NELICO") and its affiliates to any of their directors, senior officers, agents or general agents may be exchanged, at the holder's option and with the consent of NELICO, for Class Y shares of the same Fund or for Class Y shares of any other Fund that offers Class Y shares. Class A shares of a Fund acquired by investors in "wrap programs" approved by the Funds' distributor or clients of registered investment advisers ("RIAs") may be exchanged for Class Y shares of the same Fund without payment of a CDSC. Shareholders who held shares of the predecessor of the Gateway Fund at the time of its reorganization into the Gateway Fund may exchange their Class A shares for Class Y shares of the Gateway Fund if the shareholder's account value is $100,000 or more or if the shareholder meets the eligibility requirements of Class Y as described in the Fund's prospectus as from time to time in effect. To the extent provided in the prospectus of the relevant Fund as from time to time in effect, Class B shares of any Fund may be exchanged, at the holder's option and subject to minimum investment requirements, for Class B shares of any other Fund that offers Class B shares, without the payment of a CDSC. The holding period for determining the CDSC and the conversion to Class A shares will include the holding period of the shares exchanged. Class B shares of any Fund may also be exchanged for Class B shares of the Money Market Fund, without the payment of a CDSC, in which case the holding period for purposes of determining the expiration of the CDSC on such shares, if any, will stop and will resume only when an exchange is made back into Class B shares of a Fund other than the Money Market Fund. If the Money Market Fund shares received in an exchange are subsequently redeemed for cash, they will be subject to a CDSC to the same extent that the shares exchanged would have been subject to a CDSC at the time of the exchange into the Money Market Fund. If such Money Market Fund shares are exchanged for Class B shares of a Fund other than the Money Market Fund, no CDSC will apply to the exchange, and the holding period for the acquired shares will include the holding period of the shares that were exchanged for the Money Market Fund shares (but not the period during which the Money Market Fund shares were held). Class B shares of the Money Market Fund may be exchanged for Class B shares of any other Fund on the basis of relative net asset value, subject to the CDSC schedule of the Fund acquired. For purposes of computing the CDSC payable upon redemption of shares acquired by such exchange, and the conversion of such shares to Class A shares, the holding period of any other Fund's shares that were exchanged for Class B shares of the Money Market Fund is included, but the holding period of the Class B shares of the Money Market Fund is not included. To the extent provided in the prospectus of the relevant Fund as from time to time in effect, Class C shares of any Fund may be exchanged, at the holder's option and subject to minimum investment requirements, for Class C shares of any other Fund that offers Class C shares, without payment of a CDSC. The holding period for determining the CDSC will include the holding period of the shares exchanged. Class C shares may also be exchanged for Class C shares of the Money Market Fund without the payment of a CDSC in which case the holding period for purposes of determining the expiration of the CDSC on such shares, if any, will stop and will resume only when an exchange is made back into Class C shares of a Fund. If the Money Market Fund shares received in an exchange are subsequently redeemed for cash, they will be subject to a CDSC to the same extent that the shares exchanged would have been subject to a CDSC at the time of the exchange into the Money Market Fund. Class C shares of the Money Market Fund may be exchanged for Class C shares of any other Fund on the basis of relative net asset value, subject to the CDSC schedule of the Fund acquired. Class C shares in accounts of a Money Market Fund that were established prior to December 1, 2000 or that had previously been subject to a sales charge or that are established after January 31, 2004, may be exchanged for Class C shares of a Fund without a sales charge. Class C shares in accounts of a Money Market Fund established on or after December 1, 2000 and through January 31, 2004 may have been exchanged into Class C shares of a Fund subject to the Fund's applicable sales charge and CDSC. To the extent provided in the prospectus of the relevant Fund as from time to time in effect, Class J shares of any Fund may be exchanged, at the holder's option and subject to minimum investment requirements, for Class J shares of any other Fund that offers Class J shares without the payment of a sales charge. To the extent provided in the prospectus of the relevant Fund as from time to time in effect, Class Y shares of any Fund may be exchanged, at the holder's option and subject to minimum investment requirements, (i) for Class Y shares of any other Fund that offers Class Y shares, (ii) for Institutional Class of any other Fund that offers Institutional Class (except Funds that are part of the Hansberger International Series) or (iii) for Class A shares of the Money Market Fund that does not offer Class Y shares or Institutional Class shares to the general public. To the extent provided in the prospectus of the relevant Fund as from time to time in effect, Admin Class shares of any Fund may be exchanged, at the holder's option and subject to minimum investment requirements, for Admin Class shares of any other Fund that offers Admin Class shares without the payment of a sales charge. Admin Class shares may also be exchanged for Class A shares of the Money Market Fund. To the extent provided in the prospectus of the relevant Fund as from time to time in effect, Advisor Class shares of any fund within the Hansberger International Series may be exchanged, at the holder's option and subject to minimum investment requirements, for Advisor Class shares of any other fund within the Hansberger International Series that offers Advisor Class shares. To the extent provided in the prospectus of the relevant Fund as from time to time in effect, Institutional Class shares of any Fund (except Funds that are part of the Hansberger International Series) may be exchanged, at the holder's option and subject to minimum investment requirements, (i) for Institutional Class shares of any other Fund that offers Institutional Class shares (except Funds that are part of the Hansberger International Series), (ii) for Class Y shares of any other Fund that offers Class Y shares or (iii) for Class A shares of the Money Market Fund that does not offer Class Y shares or Institutional Class shares to the general public. Institutional Class shares of any fund within the Hansberger International Series may be exchanged, at the holder's option and subject to minimum investment requirements, for Institutional Class shares of any other fund within the Hansberger International Series that offers Institutional Class shares. To the extent provided in the prospectus of the relevant Fund as from time to time in effect, Retail Class shares of any Fund may be exchanged, at the holder's option and subject to minimum investment requirements, for Retail Class shares of any other Fund that offers Retail Class shares without the payment of a sales charge. Retail Class shares may also be exchanged for Class A shares of the Money Market Fund. All exchanges are subject to the eligibility requirements or other restrictions of the class and Fund including minimum investment requirements to which the shareholder is exchanging. The Funds reserve the right to terminate or limit the exchange privilege of any shareholder deemed to be engaging in market timing activity as defined in the Funds' prospectuses as from time to time in effect. The Funds may terminate or change the exchange privilege at any time upon 60 days' notice to shareholders. Allocation of Income and Expenses Each Class of shares pays the expenses associated with its different distribution and shareholder servicing arrangements ("Account Expenses"). Each class of shares may, at the Trustees' discretion, also pay a different share of other expenses (together with 12b-1 fees and Account Expenses, "Class Expenses"), not including advisory fees or other expenses related to the management of the Trust's assets, if these expenses are actually incurred in a different amount by that class, or if the class receives services of a different kind or to a different degree than other classes. The gross income of each Fund generally shall be allocated to each class on the basis of net assets. To the extent practicable, certain expenses (other than Class Expenses as defined above, which shall be allocated more specifically) shall be subtracted from the gross income on the basis of the net assets of each class of each Fund. These expenses include: * Expenses incurred by a Trust (including, but not limited to, fees of Trustees, insurance and legal counsel) not attributable to a particular Fund or to a particular class of shares of a Fund ("Trust Level Expenses"); and * Expenses incurred by a Fund not attributable to any particular class of the Fund's shares (for example, advisory fees, custodial fees or other expenses relating to the management of the Fund's assets) ("Fund Expenses"). Expenses of a Fund shall be apportioned to each class of shares depending upon the nature of the expense item. Trust Level Expenses and Fund Expenses shall be allocated among the classes of shares based on their relative net assets in relation to the net assets of the relevant Trust. Approved Class Expenses shall be allocated to the particular class to which they are attributable. However, if a Class Expense can no longer be attributed to a class, it will be charged to a Fund for allocation among classes in proportion to the net assets of each such class. Any additional Class Expenses not specifically identified above which are subsequently identified and determined to be properly allocated to one class of shares shall not be so allocated until approved by the Board of Trustees of the Trust in light of the requirements of the 1940 Act and the Internal Revenue Code of 1986, as amended (the "Code"). Each Trust reserves the right to utilize any other appropriate method to allocate income and expenses among the classes, including those specified in Rule 18f-3(c)(1), provided that a majority of the Trustees and a majority of the independent Trustees determine that the method is fair to the shareholders of each class and consistent with the requirements of Rule 18f-3. 4 -----END PRIVACY-ENHANCED MESSAGE-----