Summary Prospectus February 1, 2013 |
Before you invest, you may want to review the Fund’s Prospectus, which contains more information about the Fund and its risks. You can find the Fund’s Prospectus and other information about the Fund online at ngam.natixis.com/funddocuments. You can also get this information at no cost by calling 800-225-5478 or by sending an e-mail request to NatixisFunds@ngam.natixis.com. The Fund’s Prospectus and Statement of Additional Information, each dated February 1, 2013 are incorporated by reference into this Summary Prospectus. |
Shareholder Fees(fees paid directly from your investment) | Class A | Class B | Class C | Class N | Class Y | Admin Class |
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | 4.50% | None | None | None | None | None |
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, as applicable) | None | 5.00% | 1.00% | None | None | None |
Redemption fees | None | None | None | None | None | None |
Annual Fund Operating Expenses(expenses that you pay each year as a percentage of the value of your investment) | Class A | Class B | Class C | Class N | Class Y | Admin Class |
Management fees | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Distribution and/or service (12b-1) fees | 0.25% | 1.00% | 1.00% | 0.00% | 0.00% | 0.25% |
Other expenses* | 0.19% | 0.19% | 0.19% | 0.07%1 | 0.19% | 0.44% |
Total annual fund operating expenses | 0.84% | 1.59% | 1.59% | 0.47% | 0.59% | 1.09% |
Fee waiver and/or expense reimbursement2 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Total annual fund operating expenses after fee waiver and/or expense reimbursement | 0.84% | 1.59% | 1.59% | 0.47% | 0.59% | 1.09% |
* | Other expenses include an administrative services fee of 0.25% for Admin Class shares. |
1 | Other expenses for Class N shares are estimated for the current fiscal year. |
2 | 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 0.95%, 1.70%, 1.70%, 0.65%, 0.70% and 1.20% of the Fund’s average daily net assets for Class A, B, C, N, Y and Admin Class 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 January 31, 2014 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 0.95%, 1.70%, 1.70%, 0.65%, 0.70% and 1.20% of the
Fund’s average daily net assets for Class A, B, C, N, Y and Admin Class 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. |
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1 |
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If shares are redeemed: | ||||
1 year | 3 years | 5 years | 10 years | |
Class A | $532 | $706 | $895 | $1,440 |
Class B | $662 | $802 | $1,066 | $1,688 |
Class C | $262 | $502 | $866 | $1,889 |
Class N | $48 | $151 | $263 | $591 |
Class Y | $60 | $189 | $329 | $738 |
Admin Class | $111 | $347 | $601 | $1,329 |
If shares are not redeemed: | ||||
1 year | 3 years | 5 years | 10 years | |
Class B | $162 | $502 | $866 | $1,688 |
Class C | $162 | $502 | $866 | $1,889 |
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2 |
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3 |
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Highest Quarterly Return: Second Quarter 2009, 12.65% |
Lowest Quarterly Return: Third Quarter 2008, -7.19% |
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4 |
Average Annual Total Returns (for the periods ended December 31, 2012) |
Past 1 Year | Past 5 Years | Past 10 Years |
Loomis Sayles Investment Grade Bond Fund Class Y – Return Before Taxes |
12.25% | 8.20% | 9.01% |
Return After Taxes on Distributions | 10.11% | 5.89% | 6.61% |
Return After Taxes on Distributions & Sale of Fund Shares | 8.11% | 5.67% | 6.39% |
Class A – Return Before Taxes | 6.96% | 6.95% | 8.21% |
Class B – Return Before Taxes | 6.10% | 6.77% | 7.82% |
Class C – Return Before Taxes | 10.15% | 7.13% | 7.87% |
Class N – Return Before Taxes | 12.25% | 8.20% | 9.01% |
Admin Class – Return Before Taxes | 11.73% | 7.58% | 8.23% |
Barclays U.S. Government/Credit Bond Index | 4.82% | 6.06% | 5.25% |
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5 |
Type of Account | Minimum Initial Purchase |
Minimum Subsequent Purchase |
Any account other than those listed below | $2,500 | $100 |
For shareholders participating in Natixis Funds’ Investment Builder Program | $1,000 | $50 |
For Traditional IRA, Roth IRA, Rollover IRA, SEP-IRA and Keogh plans using the Natixis Funds’ prototype document (direct accounts, not held through intermediary) | $1,000 | $100 |
Coverdell Education Savings Accounts | $500 | $100 |
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6 |
Intentionally Left Blank |
Intentionally Left Blank |
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