NATIXIS FUNDS
Supplement dated September 14, 2015 to the Summary Prospectuses, Prospectuses, and Statements of Additional Information, dated February 1, 2015 and May 1, 2015, as may be revised or supplemented from time to time, for the following funds.
AEW Real Estate Fund | Loomis Sayles Limited Term Government and Agency Fund | |
CGM Advisor Targeted Equity Fund | Loomis Sayles Strategic Income Fund | |
Loomis Sayles Core Plus Bond Fund | Loomis Sayles Value Fund | |
Loomis Sayles Growth Fund | Natixis Oakmark Fund | |
Loomis Sayles High Income Fund | Natixis U.S. Equity Opportunities Fund | |
Loomis Sayles Investment Grade Bond Fund | Vaughan Nelson Small Cap Value Fund |
At a meeting held on September 10, 2015, the Board of Trustees of the funds approved the early conversion of each funds Class B shares into Class A shares.
Accordingly, effective at the close of business on January 11, 2016 (the Conversion Date), all Class B shares of each fund will automatically convert to Class A shares of the same fund, notwithstanding the conversion schedule set forth in each funds Prospectus that indicates a later date. No contingent deferred sales charges (CDSCs) will be assessed in connection with this early conversion.
The automatic conversion of each funds Class B shares into Class A shares on the Conversion Date is not expected to be a taxable event for federal income tax purposes, and should not result in the recognition of gain or loss by converting shareholders, although each shareholder should consult with his or her own tax advisor.