Natixis Investment Managers Announces Changes to Loomis Sayles Strategic Monthly Income Fund
TORONTO--(BUSINESS WIRE)--Jan 30, 2019--Natixis Investment Managers Canada LP ( Natixis ) announced today that it is making changes to the investment strategies of Loomis Sayles Strategic Monthly Income Fund (the Fund ).
Investment Strategy Changes
Effective February 1, 2019, Natixis is amending the Fund’s current investment strategies to: (a) reduce the amount of assets the Fund may invest in dividend-paying common stocks from 20% to 5% and (b) add a cap of 40% on the amount of assets the Fund may invest in below investment grade securities. The investment objective of the Fund will remain unchanged.
Management Fee Reductions
Effective March 1, 2019, the management fees associated with Series A and H* units of the Fund will be reduced by 50 basis points:
Trail Commission Reductions
Effective March 1, 2019, Natixis will reduce the trailing commission paid by it to dealers in respect of Series A and Series H units of the Fund from 100 basis points to 50 basis points, respectively, which is more customary for a fund in the fixed income category.
About Natixis Investment Managers
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of 27 specialized investment managers globally, we apply Active Thinking ® to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis ranks among the world’s largest asset management firms 1 with nearly $1 trillion assets under management 2 ($999.5 billion/€860.6 billion AUM).
Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Investment Managers’ affiliated investment management firms and distribution and service groups include Active Index Advisors ®; 3 AEW; AlphaSimplex Group; Axeltis; Darius Capital Partners; DNCA Investments; 4 Dorval Asset Management; 5 Gateway Investment Advisers; H2O Asset Management; 5 Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Managed Portfolio Advisors ®; 3 McDonnell Investment Management; Mirova; 6 MV Credit; Ossiam; Ostrum Asset Management; Seeyond; Vaughan Nelson Investment Management; Vega Investment Managers; and Natixis Private Equity Division, which includes Seventure Partners, Naxicap Partners, Alliance Entreprendre, Euro Private Equity, Caspian Private Equity 7 and Eagle Asia Partners. Not all offerings available in all jurisdictions. For additional information, please visit the company’s website please visit the company’s website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.
Natixis Investment Managers includes all of the investment management and distribution entities affiliated with Natixis Distribution, L.P. and Natixis Investment Managers S.A.
In Canada: This material is provided by Natixis Investment Managers Canada LP.
Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
1 Cerulli Quantitative Update: Global Markets 2018 ranked Natixis Investment Managers as the 16th largest asset manager in the world based on assets under management as of December 31, 2017.
2 Net asset value as of September 30, 2018. Assets under management (“AUM”), as reported, may include notional assets, assets serviced, gross assets and other types of non-regulatory AUM.
3 A division of Natixis Advisors, L.P.
4 A brand of DNCA Finance.
5 A subsidiary of Ostrum Asset Management.
6 Operated in the U.S. through Ostrum Asset Management U.S., LLC.
7 Caspian Private Equity is a joint venture between Natixis Investment Managers, L.P. and Caspian Management Holdings, LLC.
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CONTACT: ORLA O’BRIEN
Loomis, Sayles & Company
Tel: +1 617-733-0749
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Natixis Investment Managers
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PUB: 01/30/2019 04:00 PM/DISC: 01/30/2019 04:01 PM