Natixis Funds: Class B to A conversion

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Class B to Class A Conversion

Natixis Funds Class B shares that have aged eight years since their original investment will be converted to a Class A account in the same fund. Below you will find answers to questions we believe you might have about this conversion. Please feel free to contact an Investor Service Representative at 800-225-5478 if you need additional information.

Why is some of my money moving into Class A?
Class B shares are structured so that each purchase invested into Class B remains in Class B for eight years before converting to Class A, which has a lower expense ratio.

Why did Natixis Funds choose eight years before converting to Class A?
Eight years is normal in the mutual fund industry.

Why isn't my entire account moving to Class A?
Each purchase is reviewed to determine if the purchase has been invested in a Class B load fund account for eight years. As each purchase held in Class B reaches the eight-year point, it will convert automatically to Class A.

I set up my account eight years ago. Why didn't it convert to Class A?
This will happen in cases where you redeemed some shares from the account. Class B purchases use the FIFO (first in-first out) method. If you redeemed money from the account, the first purchase would be eliminated.

For Example:

1993 $1,000 purchase

1994 $3,000 purchase

1995 $1,000 redemption

The $1,000 redemption in 1995 eliminated the 1993 purchase of $1,000. The remaining purchase in the account coincided with the 1994 purchase of $3,000. That purchase of $3,000 will convert eight years from 1994.

Another reason could be if you temporarily moved shares to one of our money market funds. Moving shares to a money market funds stops the aging of shares until they are invested back into a load fund.

Why do I have two accounts on my statement now, one in Class A and one in Class B for the same fund?
Once the conversion from Class B to Class A begins, you will have two accounts in the same fund: one in Class A and one in Class B.

Why are there two lines of history on my statement?
The first line of activity reflects, "exchange princ" - this refers to the principal amount being exchanged. The second line of activity reflects, "exchange dividends" - the dividends associated with the purchase are converted to Class A with the principal amount.

Why did my statement show fewer shares going into the Class A account than coming out of the Class B account?
Typically, the net asset value of the Class A shares are slightly higher than Class B shares due to the differences in expenses. Therefore, the amount of money converted will purchase slightly fewer shares in the Class A account.

Will I receive a statement every time there is a conversion from Class B to Class A?
Yes, a confirmation statement will be sent to you for all financial transactions. A message will appear under the transaction reflecting the conversion.

Which account do I make additional investments into, Class A or Class B?
You are eligible to invest in either class of shares with the applicable sales charge or contingent deferred sales charge. You should talk with your financial advisor to determine which class of shares is better for your current situation.

Is this a taxable event?
No, the conversion is not a taxable event.

Will the account options on my Class A account be the same as Class B account?
Investment Builder, Systematic Withdrawal, and Systematic Exchange plans will NOT be set up on Class A conversion accounts. All other options will remain the same. You can add these services by calling an Investor Service Representative at 800-225-5478 and requesting a Service Option Form. Please see a prospectus for more information on these services.

Will systematic purchases, withdrawals and exchanges established on the Class B account continue?
Systematic purchases (Investment Builder) and systematic exchanges going into the Class B account will continue. Systematic withdrawals and exchanges coming from the Class B account will continue until the account is exhausted. However, once the conversion process to the Class A account exhausts the Class B account, systematic withdrawals or exchanges out of that account will be discontinued. To reestablish either of these services on the Class A account please call our Investor Service Group at 800-225-5478.

I have an existing Class A account in the same fund as the Class B. Will the conversion from Class B to Class A go into the existing account?
Yes, as long as the Social Security Number and account registration are exactly the same, the money will convert into the existing Class A open account. If the Class A account is closed, a new Class A account will be established.

Will average cost be carried over to the new Class A account?
Yes, average cost will be carried over to the new Class A account.

When will the next conversion occur?
This will vary based on each shareholder's activity in the account, but not more often than monthly.

Will a conversion occur for Class C accounts?
No, this will not occur in Class C accounts. The conversion to Class A is strictly from Class B.

Can I convert into a different fund in Class A?
No. You must convert into the same fund since there are no tax implications. You can then do an exchange once they have converted into Class A. Keep in mind that exchanges between funds are taxable events.

For more complete information, including a prospectus, please contact your financial advisor. You may also view a current prospectus online, order literature through our site, or contact an Investor Service Representative at 800-225-5478. Investors should consider a fund's objective, risks and expenses carefully before investing. This information, and other information, can be found in the fund's prospectus. Please read the prospectus carefully before investing. Other expenses, including sales charges, apply to a continued investment in the fund and are described in the fund's current prospectus.

The mutual funds referred to in this website are offered and sold only to persons who are eligible to purchase U.S. registered investment funds and are offered by prospectus only.