NATIXIS FUNDS
Supplement dated July 1, 2013 to the Natixis Funds Statement of Additional Information (the SAI) dated February 1, 2013, as may be revised or supplemented from time to time, for the following funds:
Loomis Sayles Core Plus Bond Fund | Loomis Sayles Limited Term Government and Agency Fund | |
Loomis Sayles Investment Grade Bond Fund |
Effective July 1, 2013, Loomis, Sayles & Company, L.P. (Loomis Sayles) has added a breakpoint to the advisory fee for the Loomis Sayles Core Plus Bond Fund (Core Plus Bond Fund), Loomis Sayles Investment Grade Bond Fund (Investment Grade Bond Fund) and Loomis Sayles Limited Term Government and Agency Fund (Limited Term Government and Agency Fund) (together the Funds). Loomis Sayles has also reduced the advisory fee for the Core Plus Bond Fund and Limited Term Government and Agency Fund. Accordingly, the first table in the sub-section Advisory Fees within the section Fund Charges and Expenses is revised as follows with regard to the Funds:
Fund |
Date of Agreement | Advisory Fee Payable by Fund to Loomis Sayles (as a % of average daily net assets of the Fund) | ||
Core Plus Bond Fund |
September 1, 2003, amended July 1, 2013 |
0.2000% of the first $100 million 0.1875% of the next $1.9 billion 0.1500% of amounts in excess of $2 billion | ||
Investment Grade Bond Fund |
October 30, 2000, amended July 1, 2013 |
0.400% of the first $15 billion 0.380% of amounts in excess of $15 billion | ||
Limited Term Government and Agency Fund |
September 12, 2003, amended July 1, 2013 |
0.375% of the first $500 million 0.350% of the next $1.5 billion 0.300% of amounts in excess of $2 billion |
Effective July 1, 2013, Loomis Sayles has given a binding undertaking to the Core Plus Bond Fund and Limited Term Government and Agency Fund to reduce the advisory fees and, if necessary, to bear certain expenses related to operating the Core Plus Bond Fund and Limited Term Government and Agency Fund in order to limit their expenses, exclusive of acquired fund fees and expenses, brokerage expenses, interest expense, taxes and organizational and extraordinary expenses, such as litigation and indemnification expenses, for Class A, Class B, Class C, Class N and Class Y shares of the Core Plus Bond Fund and Limited Term Government and Agency Fund, as applicable. This undertaking is in effect through January 31, 2015. Accordingly, the table regarding expense limits in the sub-section Advisory Fees in the section Fund Charges and Expenses is amended to include the following:
Fund |
Expense Limit | Date of Undertaking | ||||
Core Plus Bond Fund |
July 1, 2013 | |||||
Class A |
0.80 | % | ||||
Class B |
1.55 | % | ||||
Class C |
1.55 | % | ||||
Class N |
0.50 | % | ||||
Class Y |
0.55 | % | ||||
Limited Term Government and Agency Fund |
July 1, 2013 | |||||
Class A |
0.80 | % | ||||
Class B |
1.55 | % | ||||
Class C |
1.55 | % | ||||
Class Y |
0.55 | % |
Effective July 1, 2013, NGAM Advisors has added a breakpoint to the Core Plus Bond Funds advisory administration fee and reduced the advisory administration fee. Accordingly, the first table in the sub-section Advisory Administration Fees within the section Fund Charges and Expenses is revised as follows with regard to the Core Plus Bond Fund:
Fund |
Date of Agreement | Advisory Administration Fee Payable by Fund to NGAM Advisors (as a % of average daily net assets of the Fund) | ||
Core Plus Bond Fund |
September 1, 2003, amended July 1, 2013 |
0.2000% of the first $100 million 0.1875% of the next $1.9 billion 0.1500% of amounts in excess of $2 billion |