Natixis Global Asset Management Announces Rebranding, Fee Reductions and Other Changes to Funds

TORONTO--()--Natixis Global Asset Management Canada (Natixis) is pleased to announce several changes affecting its Funds today.

Rebranding – Fund and Series Name Changes

Effective on or about June 9, 2017, Natixis is rebranding and simplifying the fund names within its mutual fund lineup to align its retail mutual fund family more closely with its corporate brand. By rebranding its mutual fund family, Natixis is able to provide investment professionals and investors with products under the brands of the affiliated investment management firms of its parent company. In addition, effective on or about June 9, 2017, Natixis is changing the name of certain series and classes of the funds.

The name of the funds that were branded with “NexGen” will be changed to adopt the “Natixis” brand. The name of each of the corporate class funds that were branded with “Tax Managed Fund” will be changed by replacing “Tax Managed Fund” with “Class”.

There will be no change to any funds’ investment objectives, strategies, portfolio managers or portfolio sub-advisors in connection with the rebranding.

Previous Fund Name       New Fund Name
NexGen Canadian Cash Fund       Natixis Canadian Cash Fund
NexGen Canadian Bond Fund       Natixis Canadian Bond Fund
NexGen Canadian Bond Tax Managed Fund       Natixis Canadian Bond Class
NexGen Intrinsic Balanced Registered Fund       Natixis Intrinsic Balanced Registered Fund
NexGen Intrinsic Balanced Tax Managed Fund       Natixis Intrinsic Balanced Class
NexGen Canadian Dividend Registered Fund       Natixis Canadian Dividend Registered Fund
NexGen Canadian Dividend Tax Managed Fund       Natixis Canadian Dividend Class
NexGen Intrinsic Growth Registered Fund       Natixis Intrinsic Growth Registered Fund
NexGen Intrinsic Growth Tax Managed Fund       Natixis Intrinsic Growth Class
NexGen U.S. Dividend Plus Registered Fund       Natixis U.S. Dividend Plus Registered Fund
NexGen U.S. Dividend Plus Tax Managed Fund       Natixis U.S. Dividend Plus Class
NexGen U.S. Growth Registered Fund       Natixis U.S. Growth Registered Fund
NexGen U.S. Growth Tax Managed Fund       Natixis U.S. Growth Class
NexGen Global Equity Registered Fund       Natixis Global Equity Registered Fund
NexGen Global Equity Tax Managed Fund       Natixis Global Equity Class
NexGen Canadian Preferred Share Registered Fund       Natixis Canadian Preferred Share Registered Fund
NexGen Canadian Preferred Share Tax Managed Fund       Natixis Canadian Preferred Share Class
Loomis Sayles Global Diversified Corporate Bond Tax Managed Fund       Loomis Sayles Global Diversified Corporate Bond Class
Natixis Strategic Balanced Tax Managed Fund       Natixis Strategic Balanced Class
Oakmark Natixis Tax Managed Fund       Oakmark Natixis Class
Oakmark International Natixis Tax Managed Fund       Oakmark International Natixis Class
     

Class Name Changes

       
Previous Class Name       New Class Name
Dividend Tax Credit Class       Dividend class
Dividend Tax Credit 40 Class       Dividend 40 class
     

Series Name Changes

       

Previous Series Name

      New Series Name
Regular F Series       Series F
High Net Worth Front End Load Series       Series H
High Net Worth F Series       Series HF
Institutional Front End Load Series       Series I
Ultra High Net Worth Series       Series U
     

New Series A and Re-designation into the New Series A

Natixis will be offering a new Series A for each of the funds listed in the chart below as part of its rebranding strategy:

Funds That Will Offer Series A Securities
Natixis Canadian Cash Fund
Natixis Canadian Bond Fund
Natixis Canadian Bond Class
Natixis Intrinsic Balanced Registered Fund
Natixis Intrinsic Balanced Class
Natixis Canadian Dividend Registered Fund
Natixis Canadian Dividend Class
Natixis Intrinsic Growth Registered Fund
Natixis Intrinsic Growth Class
Natixis U.S. Dividend Plus Registered Fund
Natixis U.S. Dividend Plus Class
Natixis U.S. Growth Registered Fund
Natixis U.S. Growth Class
Natixis Global Equity Registered Fund
Natixis Global Equity Class
Natixis Canadian Preferred Share Registered Fund
Natixis Canadian Preferred Share Class
Loomis Sayles Global Diversified Corporate Bond Fund
Loomis Sayles Global Diversified Corporate Bond Class
Natixis Sayles Balanced Fund
Natixis Strategic Balanced Class
 

The following series re-designation (collectively, the “Series Re-designations”) will take effect on June 30, 2017:

  • Investors who hold Regular Front End Load series securities of a fund who purchased or hold this series under the front end sales charge option will own Series A securities of the same fund under the same front end load sales charge option.
  • Investors who hold Deferred Load series securities of a fund who purchased or hold this series under the deferred sales charge option will own Series A securities of the same fund under the same deferred sales charge option.
  • Investors who hold Low Load series securities of a fund who purchased or hold this series under the low load sales charge option will own Series A securities of the same fund under the same low load sales charge option.

None of the Series Re-designations will result in a taxable event for investors and no action is required by investors. The Series Re-designations will not impact the management of the funds as the new Series A will have substantially the same attributes and fund codes as the Regular Front End Load, Deferred Load and Low Load series. After the date of the Series Re-designations, investors who hold these series will simply see the name of the new Series A on their statements.

Management Fee Reductions

Effective on June 9, 2017, Natixis will be reducing the maximum annual management fee by up to 25 basis points on all Deferred Load series securities and Low Load series securities (to be re-designated as Series A) of the funds listed in the chart below:

Fund       Current Maximum Annual Management Fee (%)       New Maximum Annual Management Fee (%)
Natixis Canadian Cash Fund      

Regular Front End Load Series: 1.00%

Deferred Load Series: 1.00%

Low Load Series: 1.00%

      Series A (under each of the purchase options): 0.75%
Natixis Canadian Preferred Share Registered Fund      

Deferred Load Series: 1.25%

Low Load Series: 1.25%

      Series A (under either the deferred sales charge option or the low load sales charge option): 1.00%
           

Series A of Natixis Canadian Preferred Share Registered Fund held under the front end sales charge option will continue to pay a management fee of 1.00%.

Trailer Commission / Service Fee Elimination

Effective June 30, 2017, Natixis will eliminate the 25bps trailing commission/service fee previously paid on assets under management of Natixis Canadian Cash Fund.

Distribution Increases

Effective June 9, 2017, Natixis increased the distribution per share paid on each series of the Return of Capital and Dividend classes of the funds listed in the chart below:

Return of Capital

               
Fund       Previous Annual Rate       New Annual Rate
Natixis Strategic Balanced Class       $0.40       $0.48
Natixis Intrinsic Balanced Class       $0.30       $0.36
Natixis Intrinsic Growth Class       $0.40       $0.60
Natixis U.S. Dividend Plus Class       $0.72       $0.90
Natixis U.S. Growth Class       $0.60       $0.78
Natixis Global Equity Class       $0.60       $0.78
Oakmark Natixis Class       $0.60       $0.66
Oakmark International Natixis Class       $0.60       $0.66
           

Dividend

               
Fund       Previous Annual Rate       New Annual Rate
Natixis Strategic Balanced Class       $0.40       $0.48
Natixis Intrinsic Balanced Class       $0.36       $0.42
Natixis Intrinsic Growth Class       $0.40       $0.60
Natixis U.S. Dividend Plus Class       $0.72       $0.90
Natixis U.S. Growth Class       $0.60       $0.78
Natixis Global Equity Class       $0.60       $0.78
Oakmark Natixis Class       $0.60       $0.66
Oakmark International Natixis Class       $0.60       $0.66
           

Risk Rating Changes

Natixis also announces changes to the risk ratings of the following funds:

Fund       Previous Risk Rating       New Risk Rating
Oakmark International Natixis Registered Fund       Medium to High       Medium
Oakmark International Natixis Class       Medium to High       Medium
           

These changes are the result of an annual review of the funds. No changes have been made to the investment objectives, strategies or management of these funds.

Cautionary Statement on Forward Looking Information

This press release may include forward looking statements within the meaning of securities laws. Forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from what is currently expected. Accordingly, readers should not place undue reliance on forward looking statements.

About Natixis Global Asset Management
Natixis Global Asset Management serves thoughtful investment professionals worldwide with more insightful ways to invest. Through our Durable Portfolio Construction® approach, we focus on risk to help them construct more strategic portfolios that seek to endure today’s unpredictable markets. We draw from deep investor and industry insights and partner closely with our clients to put objective data behind the discussion.

Natixis Global Asset Management is ranked among the world’s largest asset management firms.1 Uniting over 20 specialized investment managers globally ($895.6 billion AUM2), we bring a diverse range of solutions to every strategic opportunity. From insight to action, Natixis Global Asset Management helps our clients better serve their own with more durable portfolios.

Headquartered in Paris and Boston, Natixis Global Asset Management, S.A. is part of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Global Asset Management, S.A.’s affiliated investment management firms and distribution and service groups include Active Index Advisors;3 AEW Capital Management; AEW Europe; AlphaSimplex Group; Axeltis; Darius Capital Partners; DNCA Investments;4 Dorval Finance;5 Emerise;6 Gateway Investment Advisers; H2O Asset Management;5 Harris Associates; IDFC Asset Management Company; Loomis, Sayles & Company; Managed Portfolio Advisors;3 McDonnell Investment Management; Mirova;5 Natixis Asset Management; Ossiam; Seeyond;7 Vaughan Nelson Investment Management; Vega Investment Managers; and Natixis Global Asset Management Private Equity, which includes Seventure Partners, Naxicap Partners, Alliance Entreprendre, Euro Private Equity, Caspian Private Equity and Eagle Asia Partners. Not all offerings available in all jurisdictions. For additional information, please visit the company’s website at ngam.natixis.com | LinkedIn: linkedin.com/company/natixis-global-asset-management

In Canada: This material is provided by NGAM Canada LP / Natixis Global Asset Management Canada.

1 Cerulli Quantitative Update: Global Markets 2016 ranked Natixis Global Asset Management, S.A. as the 16th largest asset manager in the world based on assets under management ($870.3 billion) as of December 31, 2015.
2 Net asset value as of March 31, 2017. Assets under management (AUM) may include assets for which non-regulatory AUM services are provided. Non-regulatory AUM includes assets which do not fall within the SEC’s definition of ‘regulatory AUM’ in Form ADV, Part 1.
3 A division of NGAM Advisors, L.P.
4 A brand of DNCA Finance.
5 A subsidiary of Natixis Asset Management.
6 A brand of Natixis Asset Management and Natixis Asset Management Asia Limited, based in Singapore and Paris.
7 Operated in the U.S. through Natixis Asset Management U.S., LLC.

Contacts

Natixis Global Asset Management
Elizabeth Bartlett, 617-449-2549
Elizabeth.Bartlett@NGAM.Natixis.com

Release Summary

Natixis Global Asset Management Announces Rebranding, Fee Reductions and Other Changes to Funds

Contacts

Natixis Global Asset Management
Elizabeth Bartlett, 617-449-2549
Elizabeth.Bartlett@NGAM.Natixis.com