Natixis reduces fees, consolidates funds

Natixis Investment Managers Canada LP is making several changes to its mutual funds, including reducing fees, and consolidating and closing funds, the firm said on Tuesday.

The changes include:

reducing management fees, consolidating and renaming certain fee-based series;
eliminating the tax management fee with all series of the Compound Growth class;
adding U.S. dollar purchase options to certain funds;
eliminating the deferred sales charge and low load sales charge purchase options;
increasing the eligibility requirement for Series I securities to $2,000,000 per account from $1,000,000 per account;
changing the risk rating for certain funds; and
changing the distribution rates of certain funds.

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Changes to management fees

The management fees for the Series F securities of the following funds have been reduced by 5 to 25 basis points as follows:

Fund	Series	Old Management Fee %	New Management Fee %
Natixis Canadian Bond Fund	Series F	0.75	0.60
Natixis Canadian Bond Class	Series F of Return of Capital 40 (renamed Return of Capital) class Series F of Dividend 40 (renamed Dividend) class	0.75 0.75	0.70 0.70
Loomis Sayles Global Diversified Corporate Bond Fund	Series F	0.75	0.70
Loomis Sayles Global Diversified Corporate Bond Class	Series F of Return of Capital class Series F of Dividend class	0.75 0.75	0.70 0.70
Natixis Canadian Preferred Share Class	Series F of Return of Capital class Series F of Dividend class	0.75 0.75	0.70 0.70
Natixis Strategic Balanced Registered Fund	Series F	1.00	0.75
Natixis Strategic Balanced Class	Series F of Return of Capital class Series F of Dividend class Series F of Compound Growth class	1.00 1.00 1.00	0.75 0.75 0.85
Natixis Intrinsic Balanced Registered Fund	Series F	1.00	0.75
Natixis Intrinsic Balanced Class	Series F of Return of Capital class Series F of Dividend class Series F of Compound Growth class	1.00 1.00 1.00	0.75 0.75 0.85
Natixis Canadian Dividend Registered Fund	Series F	1.00	0.80
Natixis Canadian Dividend Class	Series F of Return of Capital class Series F of Dividend class Series F of Compound Growth class	1.00 1.00 1.00	0.80 0.80 0.90
Natixis Intrinsic Growth Registered Fund	Series F	1.00	0.80
Natixis Intrinsic Growth Class	Series F of Return of Capital class Series F of Dividend class Series F of Compound Growth class	1.00 1.00 1.00	0.80 0.80 0.90
Natixis U.S. Dividend Plus Registered Fund	Series F	1.00	0.85
Natixis U.S. Dividend Plus Class	Series F of Return of Capital class Series F of Dividend class Series F of Compound Growth class	1.00 1.00 1.00	0.85 0.85 0.95
Natixis U.S. Growth Registered Fund	Series F	1.00	0.85
Natixis U.S. Growth Class	Series F of Return of Capital class Series F of Dividend class Series F of Compound Growth class	1.00 1.00 1.00	0.85 0.85 0.95
Natixis Global Equity Registered Fund	Series F	1.00	0.85
Natixis Global Equity Class	Series F of Return of Capital class Series F of Dividend class Series F of Compound Growth class	1.00 1.00 1.00	0.85 0.85 0.95
Oakmark Natixis Class	Series F of Return of Capital class Series F of Dividend class Series F of Compound Growth class	1.00 1.00 1.00	0.85 0.85 0.95
Oakmark International Natixis Class	Series F of Return of Capital class Series F of Dividend class Series F of Compound Growth class	1.00 1.00 1.00	0.85 0.85 0.95

Closure and renaming of funds

Natixis closed the Series F securities and renamed them Series F1 as of June 5. The minimum purchase amount for the Series HF securities was reduced from $250,000 to $500, and the series was renamed Series F.
Series H and Series HF of certain funds were closed to new investors.
All of the series of securities (Series A, F, H, HF and I) of the Return of Capital class and the Dividend class (the “Closed Canadian Bond Class Series”) of the Natixis Canadian Bond Class are no longer offered to new investors.

Read the list of all the changes here.

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