0000770540
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167845Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167846Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000190736Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000018172Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000018174Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000190733Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202305081047Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202305081060Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202305081061Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202305081055Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202305081065Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202305081059Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202305081052Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202505201141Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202305081049Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202305081050Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202305081053Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202305081047Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202401191096Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202305081050Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202305081049Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202305081048Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202404191132Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202305081052Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202305081061Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202305081060Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202505201141Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202305081053Member
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
oef:AfterTaxesOnDistributionsMember
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
oef:AfterTaxesOnDistributionsMember
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
oef:AfterTaxesOnDistributionsAndSalesMember
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
oef:AfterTaxesOnDistributionsAndSalesMember
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167845Member
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000018172Member
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167846Member
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000018174Member
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000190736Member
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000190733Member
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202404241140Member
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202401231109Member
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:benchnat18Member
2025-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
oef:AfterTaxesOnDistributionsMember
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
oef:AfterTaxesOnDistributionsMember
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
oef:AfterTaxesOnDistributionsAndSalesMember
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
oef:AfterTaxesOnDistributionsAndSalesMember
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167845Member
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000018172Member
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167846Member
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000018174Member
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000190736Member
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000190733Member
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202404241140Member
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202401231109Member
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:benchnat18Member
2021-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
2016-03-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2016-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
oef:AfterTaxesOnDistributionsMember
2016-03-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
oef:AfterTaxesOnDistributionsMember
2016-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
oef:AfterTaxesOnDistributionsAndSalesMember
2016-03-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
oef:AfterTaxesOnDistributionsAndSalesMember
2016-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167845Member
2016-03-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000018172Member
2016-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167846Member
2016-03-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000018174Member
2016-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202404241140Member
2016-03-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202401231109Member
2016-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:benchnat18Member
2016-01-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000190736Member
2017-05-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000190733Member
2017-05-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:bench202404241140Member
2017-05-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:bench202401231109Member
2017-05-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:benchnat18Member
2017-05-01
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
2017-12-31
2017-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2016-12-31
2016-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
2018-12-31
2018-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2017-12-31
2017-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
2019-12-31
2019-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2018-12-31
2018-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
2020-12-31
2020-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2019-12-31
2019-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
2021-12-31
2021-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2020-12-31
2020-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
2022-12-31
2022-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2021-12-31
2021-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
2023-12-31
2023-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2022-12-31
2022-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
2024-12-31
2024-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2023-12-31
2023-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
natixis:C000167847Member
2025-12-30
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2024-12-31
2024-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
natixis:C000069268Member
2025-12-30
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
oef:RiskLoseMoneyMember
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000053352Member
oef:RiskNotInsuredDepositoryInstitutionMember
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
oef:RiskLoseMoneyMember
2025-12-31
2025-12-31
0000770540
natixis:Dmultiaffiliatestatutoryprospectus_4824Member
natixis:S000006661Member
oef:RiskNotInsuredMember
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018161Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094873Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018163Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000190734Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000190732Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000190735Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:bench202305081047Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:bench202305081060Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:bench202305081061Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:bench202305081059Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:bench202305081062Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:bench202305081052Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:bench202505201141Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:bench202305081049Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:bench202305081050Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:bench202604201144Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202305081047Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202305081050Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202305081049Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202505201141Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202305081048Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202305081055Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202305081067Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202305081068Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202305081052Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202305081061Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202305081060Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202305081053Member
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
oef:AfterTaxesOnDistributionsMember
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
oef:AfterTaxesOnDistributionsMember
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
oef:AfterTaxesOnDistributionsAndSalesMember
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
oef:AfterTaxesOnDistributionsAndSalesMember
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094873Member
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018161Member
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000190734Member
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018163Member
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000190735Member
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000190732Member
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:benchnat16Member
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202401241115Member
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202404231135Member
2025-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
oef:AfterTaxesOnDistributionsMember
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
oef:AfterTaxesOnDistributionsMember
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
oef:AfterTaxesOnDistributionsAndSalesMember
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
oef:AfterTaxesOnDistributionsAndSalesMember
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094873Member
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018161Member
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000190734Member
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018163Member
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000190735Member
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000190732Member
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:benchnat16Member
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202401241115Member
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202404231135Member
2021-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2016-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2016-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
oef:AfterTaxesOnDistributionsMember
2016-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
oef:AfterTaxesOnDistributionsMember
2016-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
oef:AfterTaxesOnDistributionsAndSalesMember
2016-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
oef:AfterTaxesOnDistributionsAndSalesMember
2016-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094873Member
2016-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018161Member
2016-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018163Member
2016-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000190735Member
2016-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:benchnat16Member
2016-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202401241115Member
2016-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202404231135Member
2016-01-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000190734Member
2017-05-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000190732Member
2017-05-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:benchnat16Member
2017-05-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202401241115Member
2017-05-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:bench202404231135Member
2017-05-01
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2016-12-31
2016-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2016-12-31
2016-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2017-12-31
2017-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2017-12-31
2017-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2018-12-31
2018-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2018-12-31
2018-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2019-12-31
2019-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2019-12-31
2019-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2020-12-31
2020-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2020-12-31
2020-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2021-12-31
2021-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2021-12-31
2021-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2022-12-31
2022-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2022-12-31
2022-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2023-12-31
2023-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2023-12-31
2023-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2024-12-31
2024-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2024-12-31
2024-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
natixis:C000094872Member
2025-12-30
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
natixis:C000018164Member
2025-12-30
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
oef:RiskLoseMoneyMember
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000006658Member
oef:RiskNotInsuredDepositoryInstitutionMember
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
oef:RiskLoseMoneyMember
2025-12-31
2025-12-31
0000770540
natixis:Dloomisharrisstatutoryprospectus_4833Member
natixis:S000030606Member
oef:RiskNotInsuredDepositoryInstitutionMember
2025-12-31
2025-12-31
iso4217:USD
pure
0.3075
-0.0632
0.3299
0.3242
0.1806
-0.2233
0.1863
0.1306
0.1532
0.2053
0.066
-0.1461
0.2488
0.0923
0.3061
-0.0998
0.251
0.0505
0.1216
0.0819
0.2956
-0.2415
0.2435
0.0406
0.0873
-0.1591
0.1894
-0.0513
0.25
0.1213
0.266
-0.0624
0.3136
0.2236
0.2348
-0.2095
0.3735
0.2554
0.1762
2025-12-31
false
0000770540
485BPOS
2020-12-31
2020-03-31
2020-06-30
2022-06-30
N-1A
NATIXIS FUNDS TRUST I
2026-05-01
Mirova Global Megatrends Fund
Investment Goal
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund seeks long-term capital appreciation.</span></div>
Fund Fees & Expenses
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The following table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> brokerage commissions and other fees to financial intermediaries, which are not reflected in this table. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Natixis Funds Complex. More information about these and other discounts is </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">available from your financial professional and in the section “How Sales Charges Are Calculated” on page </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">47</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> of the Prospectus, in Appendix A to the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Prospectus and on page </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">89</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> in the section “Reduced Sales Charges” of the Statement of Additional Information (“SAI”).</span></div>
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Natixis Funds Complex.
50000
Shareholder Fees(fees paid directly from your investment)
0.0575
0
0
0
0.01
0
0
0
0
0
0
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">A 1.00% contingent deferred sales charge (“CDSC”) may apply to certain purchases of Class A shares of $1,000,000 or more that are redeemed within eighteen months of the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">date of purchase.</span>
Annual Fund Operating Expenses(expenses that you pay each year as a percentage of the value of your investment)
0.008
0.008
0.008
0.008
0.0025
0.01
0
0
0.0021
0.0021
0.001
0.0021
0.0126
0.0201
0.009
0.0101
0.012
0.0195
0.0089
0.0095
April 30, 2027
Example
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods (except where indicated). The </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">,</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">except that the example is </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">based on the Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement assuming that such waiver and/or reimbursement will </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">only be in place through the date noted above and on the Total Annual Fund Operating Expenses for the remaining periods. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The example for Class C shares for </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the ten-year period reflects the conversion to Class A shares after eight years.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The example does not take into account brokerage commissions and other fees </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">to financial intermediaries that you may pay on your purchases and sales of shares of the Fund.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Although your actual costs may be higher or lower, based on </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">these assumptions your costs would be:</span></div>
<div>
<table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50.001795332136446%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.651705565529623%"></td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>If shares are redeemed:</b></span>
</div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>1 year</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>3 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>5 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>10 years</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class A</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">690</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">946</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,221</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">2,005</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class C</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">298</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">625</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,077</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">2,140</span></div>
</td>
</tr>
</table></div><div>
<table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50.001795332136446%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.651705565529623%"></td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>If shares are redeemed:</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>1 year</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>3 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>5 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>10 years</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class N</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">91</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">286</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">497</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,107</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class Y</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">97</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">316</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">552</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,231</span></div>
</td>
</tr>
</table></div>
If shares are redeemed:
690
946
1221
2005
298
625
1077
2140
91
286
497
1107
97
316
552
1231
<div>
<table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50.001795332136446%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.651705565529623%"></td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>If shares are not redeemed:</b></span>
</div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>1 year</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>3 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>5 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>10 years</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class C</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">198</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">625</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,077</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">2,140</span></div>
</td>
</tr>
</table></div>
If shares are not redeemed:
198
625
1077
2140
Portfolio Turnover
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">in annual fund operating expenses or in the example, affect the Fund’s performance. During its most recently ended fiscal year, the Fund’s portfolio turnover </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">rate was </span><span style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">21%</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> of the average value of its portfolio.</span></div>
0.21
Investments, Risks and PerformancePrincipal Investment Strategies
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in equity securities. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Equity securities may include common stocks, preferred stocks, depositary receipts and real estate investment trusts (“REITs”). The Fund invests in securities </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">of companies located in no fewer than three countries, which may include the U.S. Under normal circumstances, the Fund will invest a percentage of its </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">assets in securities of companies located outside the U.S. equal to at least the lesser of 40% or the percentage of foreign issuers in the Fund’s benchmark, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the MSCI World Index, less 5%. The percentage of the Fund’s investments in foreign securities is at least partially based on the composition of the Fund’s </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">benchmark. As a result, the Fund’s exposure to securities of companies located outside the U.S. may fluctuate in connection with variations in the foreign </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">exposure of the Fund’s benchmark. The Fund may invest up to 25% of its assets in securities of companies located in emerging markets. Emerging markets </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">are economies that the Adviser believes are not generally recognized to be fully developed markets, as measured by gross national income, financial market </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">infrastructure, market capitalization and/or other factors. The Fund may invest in growth and value companies of any size and may also invest in initial public </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">offerings.</span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Adviser focuses on megatrends, which are trends that are global and long-term in nature and that will lead to significant transitions in the global </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">economy. The Adviser organizes these global megatrends into four major transitions: (i) demographics; (ii) technology; (iii) environment; and (iv) governance. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Adviser reviews the firm’s convictions around the four major transitions annually. Given the breadth and long-term nature of the transitions, they are </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">unlikely to change. Investable megatrends within the transitions, however, are frequently evaluated.</span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">In making its investment decisions, the Adviser uses a bottom-up approach focused on individual companies, rather than making pre-determined or top-down </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">allocations to specific themes, industries or economic factors. The Adviser may sell a security due to a deterioration in the company’s fundamental quality, a </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">change in megatrend exposure or sustainability opinion, a controversy alert such as one relating to human rights, or if the Adviser believes the security has </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">little potential for price appreciation or there is greater relative value in other securities in the Fund’s investment universe.</span></div>
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">You may lose money </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">by investing in the Fund.</span>
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Fund shares are not bank deposits and are not guaranteed, endorsed or insured by the Federal Deposit Insurance Corporation or any other government </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">agency, and are subject to investment risks, including possible loss of the principal invested.</span>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Equity Securities Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The value of the Fund’s investments in equity securities could be subject to unpredictable declines in the value of individual </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">securities and periods of below-average performance in individual securities or in the equity market as a whole. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Growth stocks are generally more sensitive </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">to market movements than other types of stocks primarily because their stock prices are based heavily on future expectations. If the Adviser’s assessment of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the prospects for a company’s growth is wrong, or if the Adviser’s judgment of how other investors will value the company’s growth is wrong, then the price </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">of the company’s stock may fall or not approach the value that the Adviser has placed on it.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Value stocks can perform differently from the market as a whole </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">and from other types of stocks. Value stocks also present the risk that their lower valuations fairly reflect their business prospects and that investors will not </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">agree that the stocks represent favorable investment opportunities, and they may fall out of favor with investors and underperform growth stocks during any </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">given period.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Securities issued in </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">initial public offerings </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">tend to involve greater market risk than other equity securities due, in part, to public perception and </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the lack of publicly available information and trading history. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> In the event an issuer is liquidated or declares bankruptcy, the claims of owners of the issuer’s </span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">bonds generally take precedence over the claims of those who own preferred stock or common stock. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Securities of real estate-related companies and REITs in </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">which the Fund may invest may be considered equity securities, thus subjecting the Fund to the risks of investing in equity securities generally. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Foreign Securities Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Investments in foreign securities may be subject to greater political, economic, environmental, credit/counterparty and information </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">risks.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund’s investments in foreign securities also are subject to foreign currency fluctuations and other foreign currency-related risks.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Foreign securities </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">may be subject to higher volatility than U.S. securities, varying degrees of regulation and limited liquidity. </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Emerging Markets Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> In addition to the risks of investing in foreign investments generally, emerging markets investments are subject to greater risks </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">arising from political or economic instability, war, nationalization or confiscatory taxation, currency exchange or repatriation restrictions, sanctions by other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">countries (such as the United States or the European Union), new or inconsistent government treatment of or restrictions on issuers and instruments, and an </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">issuer’s unwillingness or inability to make dividend, principal or interest payments on its securities. Emerging markets companies may be smaller and have </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shorter operating histories than companies in developed markets.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Small- and Mid-Capitalization Companies Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Compared to large-capitalization companies, small- and mid-capitalization companies are more likely to </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">have limited product lines, markets or financial resources. Stocks of these companies often trade less frequently and in limited volume and their prices may </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">fluctuate more than stocks of large-capitalization companies. As a result, it may be relatively more difficult for the Fund to buy and sell securities of small- </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">and mid-capitalization companies.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>ESG Investing Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The Fund’s ESG investment approach could cause the Fund to perform differently compared to funds that do not have such an approach </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">or compared to the market as a whole. The Fund’s application of ESG-related considerations may affect the Fund’s exposure to certain issuers, industries, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">sectors, style factors or other characteristics and may impact the relative performance of the Fund—positively or negatively—depending on the relative </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">performance of such investments. Excluding stocks that do not meet the ESG standards (as determined by the Adviser) results in a smaller universe of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">investments in which the Fund may invest, which may exacerbate this risk. Views on what constitutes “ESG investing,” and therefore what investments are </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">appropriate for a fund that has an ESG investment approach, may differ by fund, adviser and investor. In evaluating an investment, a portfolio manager may </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">be reliant upon information and data that may turn out to be incomplete, inaccurate or unavailable, which may negatively impact the portfolio manager’s </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">assessment of an issuer’s ESG performance or the Fund’s performance generally. There is no guarantee that the Adviser’s efforts to select investments based </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">on ESG practices will be successful.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Currency Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Fluctuations in the exchange rates between different currencies may negatively affect an investment. The Fund may be subject to currency </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">risk because it may invest in currency-related instruments and may invest in securities or other instruments denominated in, or that generate income </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">denominated in, foreign currencies. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund may elect not to hedge currency risk, or may hedge such risk imperfectly, which may cause the Fund to incur </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">losses that would not have been incurred had the risk been hedged. </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Cybersecurity and Technology Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The Fund, its service providers,</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">and other market participants increasingly depend on complex information </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">technology and communications systems, which are subject to a number of different threats and risks that could adversely affect the Fund and its </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shareholders. Cybersecurity and other operational and technology issues may result in financial losses to the Fund and its shareholders.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Large Shareholder Transaction Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Ownership of shares of the Fund </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">may be concentrated in one or a few large investors. Such investors may redeem </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shares in large quantities or on a frequent basis. In addition, a large number of shareholders collectively may purchase or redeem Fund shares in large </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">amounts rapidly or unexpectedly (collectively, such transactions are referred to as “large shareholder transactions”). In the event of a large shareholder </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">transaction, the Fund may be required to sell investments at unfavorable times or prices, which may increase realized capital gains, including short-term </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">capital gains taxable as ordinary income for shareholders who hold Fund shares in a taxable account, may accelerate the realization of taxable income to </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shareholders, may increase transaction costs, and may otherwise negatively impact fund performance. The effects of taxable income and/or gains resulting </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">from large shareholder transactions would particularly impact non-redeeming shareholders who do not hold their Fund shares in an IRA, 401(k) plan or other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">tax-advantaged plan. In addition, such transactions potentially limit the use of any capital loss carryforwards and certain other losses to offset future realized </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">capital gains (if any). Such transactions may also increase the Fund’s expenses. A number of circumstances may cause </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Fund to experience large </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">redemptions, such as changes in the eligibility criteria for the Fund or share class of the Fund; liquidations, reorganizations, repositionings, or other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">announced Fund events; or changes in investment objectives, strategies, policies, risks, or investment personnel.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Management Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> A strategy used by the Fund’s portfolio managers may fail to produce the intended result. </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Market/Issuer Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The market value of the Fund’s investments will move up and down, sometimes rapidly and unpredictably, based upon overall market </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">and economic conditions, as well as a number of reasons that directly relate to the issuers of the Fund’s investments, such as management performance, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">financial condition and demand for the issuers’ goods and services.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>REITs Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Investments in the real estate industry, including REITs, are particularly sensitive to economic downturns and are sensitive to factors such as </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">changes in real estate values, property taxes and tax laws, interest rates, cash flow of underlying real estate assets, occupancy rates, government regulations </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">affecting zoning, land use and rents and the management skill and creditworthiness of the issuer. Companies in the real estate industry also may be subject </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">to liabilities under environmental and hazardous waste laws. In addition, the value of a REIT is affected by changes in the value of the properties owned by </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the REIT or mortgage loans held by the REIT. REITs are also subject to default and prepayment risk. Many REITs are highly leveraged, increasing their risk. The </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the Fund. REITs are also subject to the possibilities of failing to qualify for the favorable tax treatment available to REITs under the Internal Revenue Code of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">1986, as amended, and failing to maintain their exemptions from registration under the Investment Company Act of 1940, as amended.</span></div>
Risk/Return Bar Chart and Table
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The bar chart and table shown below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year-</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">to-year and by showing how the Fund’s average annual returns for the one-year, five-year, life-of-fund, and life-of-class periods (as applicable) compare to </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">those of a broad-based securities market index that reflects the performance of the overall market applicable to the Fund.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Performance for Class C shares </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">includes the automatic conversion to Class A shares after eight years, where applicable.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund’s past performance (before and after taxes) does not </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">necessarily indicate how the Fund will perform in the future.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Updated performance information is available online at </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">im.natixis.com</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> and/or by calling the Fund </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">toll-free at </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">800-225-5478</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">. </span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The chart does not reflect any sales charge that you may be required to pay when you buy or redeem the Fund’s shares. A sales charge will reduce your </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">return.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> To the extent that a class of shares was subject to the waiver or reimbursement of certain expenses during a period, had such expenses not been </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">waived or reimbursed during the period, total returns would have been lower.</span></div>
The bar chart and table shown below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year-to-year and by showing how the Fund’s average annual returns for the one-year, five-year, life-of-fund, and life-of-class periods (as applicable) compare to those of a broad-based securities market index that reflects the performance of the overall market applicable to the Fund.
The Fund’s past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
im.natixis.com
800-225-5478
The chart does not reflect any sales charge that you may be required to pay when you buy or redeem the Fund’s shares. A sales charge will reduce your return.
Total Returns for Class Y Shares
<div><img alt="image" src="pr4824img004.jpg"/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Highest Quarterly Return:</span><br/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Second Quarter 2020</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">, </span><span style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">22.67%</span><br/><br/><br/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Lowest Quarterly Return:</span><br/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Second Quarter 2022</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">, </span><span style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">-15.11%</span></div>
Highest Quarterly Return:
2020-06-30
0.2267
Lowest Quarterly Return:
2022-06-30
-0.1511
<div>
<table cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50%"></td>
<td style="height:1px;width:12.477558348294435%"></td>
<td style="height:1px;width:12.477558348294435%"></td>
<td style="height:1px;width:12.477558348294435%"></td>
<td style="height:1px;width:12.567324955116696%"></td>
</tr>
<tr>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Average Annual Total Returns</b></span>
</div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;">(for the periods ended December 31, 2025)</span>
</div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Past 1 Year</b></span></div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Past 5 Years</b></span></div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Life of Fund</b></span><br/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>(3/31/16)</b></span></div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Life of Class N</b></span><br/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>(5/1/17)</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class Y - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">15.32%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">7.24%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">12.07%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Return After Taxes on Distributions</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">14.06%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">6.04%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">11.20%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Return After Taxes on Distributions and Sale of Fund Shares</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">9.86%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">5.49%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">9.86%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class A - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">8.40%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">5.72%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">11.11%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class C - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">13.17%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">6.17%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">11.10%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class N - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">15.38%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">7.30%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">12.13%</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">MSCI World Index (Net)</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">21.09%</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">12.15%</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">12.49%</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">12.15%</span></div>
</td>
</tr>
</table></div>
Average Annual Total Returns(for the periods ended December 31, 2025)
0.1532
0.0724
0.1207
0.1406
0.0604
0.112
0.0986
0.0549
0.0986
0.084
0.0572
0.1111
0.1317
0.0617
0.111
0.1538
0.073
0.1213
0.2109
0.1215
0.1249
0.1215
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">hold their shares through tax-advantaged arrangements, such as 401(k) plans, qualified plans, education savings accounts, such as 529 plans, or individual </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">retirement accounts. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The after-tax returns are shown for only one class of the Fund.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">After-tax returns for the other classes of the Fund will vary.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Index </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">performance reflects no deduction for fees, expenses or taxes</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">.</span></div>
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their shares through tax-advantaged arrangements, such as 401(k) plans, qualified plans, education savings accounts, such as 529 plans, or individual retirement accounts.
The after-tax returns are shown for only one class of the Fund. After-tax returns for the other classes of the Fund will vary.
Index performance reflects no deduction for fees, expenses or taxes
If shares are not redeemed:If shares are not redeemed:
Vaughan Nelson Small Cap Fund
Investment Goal
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund seeks capital appreciation.</span></div>
Fund Fees & Expenses
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The following table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> brokerage commissions and other fees to financial intermediaries, which are not reflected in this table. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Natixis Funds Complex. More information about these and other discounts is </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">available from your financial professional and in the section “How Sales Charges Are Calculated” on page </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">47</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> of the Prospectus, in Appendix A to the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Prospectus and on page </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">89</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> in the section “Reduced Sales Charges” of the Statement of Additional Information (“SAI”).</span></div>
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Natixis Funds Complex.
50000
Shareholder Fees
0.0575
0
0
0
0.01
0
0
0
0
0
0
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">A 1.00% contingent deferred sales charge (“CDSC”) may apply to certain purchases of Class A shares of $1,000,000 or more that are redeemed within eighteen months of the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">date of purchase.</span>
Annual Fund Operating Expenses(expenses that you pay each year as a percentage of the value of your investment)
0.0085
0.0085
0.0085
0.0085
0.0025
0.01
0
0
0.0021
0.0021
0.0009
0.0021
0.0132
0.0207
0.0095
0.0107
0.0126
0.0201
0.0095
0.0101
April 30, 2027
Example
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods (except where indicated). The </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">,</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">except that the examples for </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the Class A, Class C and Class Y shares are based on the Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement assuming </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">that such waiver and/or reimbursement will only be in place through the date noted above and on the Total Annual Fund Operating Expenses for the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">remaining periods. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The example for Class C shares for the ten-year period reflects the conversion to Class A shares after eight years.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The example does not </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">take into account brokerage commissions and other fees to financial intermediaries that you may pay on your purchases and sales of shares of the Fund.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Although your actual costs may be higher or lower, based on these assumptions your costs would be:</span></div>
<div>
<table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50.001795332136446%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.651705565529623%"></td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>If shares are redeemed:</b></span>
</div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>1 year</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>3 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>5 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>10 years</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class A</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">696</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">964</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,251</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">2,069</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class C</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">304</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">643</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,108</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">2,203</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class N</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">97</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">303</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">525</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,166</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class Y</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">103</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">334</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">584</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,300</span></div>
</td>
</tr>
</table></div>
If shares are redeemed:
696
964
1251
2069
304
643
1108
2203
97
303
525
1166
103
334
584
1300
<div>
<table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50.001795332136446%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.651705565529623%"></td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>If shares are not redeemed:</b></span>
</div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>1 year</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>3 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>5 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>10 years</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class C</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">204</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">643</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,108</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">2,203</span></div>
</td>
</tr>
</table></div>
204
643
1108
2203
Portfolio Turnover
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">in annual fund operating expenses or in the example, affect the Fund’s performance. During its most recently ended fiscal year, the Fund’s portfolio turnover </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">rate was </span><span style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">120%</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> of the average value of its portfolio.</span></div>
1.20
Investments, Risks and PerformancePrincipal Investment Strategies
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in the equity securities, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">including common stocks and preferred stocks, of “small-capitalization companies.” Equity securities may take the form of stock in corporations, limited </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">partnership interests, interests in limited liability companies, real estate investment trusts (“REITs”) or other trusts and other similar securities representing </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">direct or indirect ownership interests in business organizations. Currently, the Fund defines a small-capitalization company to be one whose market </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">capitalization, at the time of purchase, either falls within the capitalization range of the Russell 2000</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:7.5pt;;"><sup>®</sup></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Value Index or is $3.5 billion or less. While the market </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">capitalization range for the Russell 2000</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:7.5pt;;"><sup>®</sup></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Value Index fluctuates, at December 31, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">2025</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">, it was</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> $</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">5.61</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> million to $</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">17.0</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> billion.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund may, however, invest </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">in companies with large-capitalizations. </span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Vaughan Nelson Investment Management, L.P. (“Vaughan Nelson”) invests in small-capitalization companies with a focus on those companies meeting </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Vaughan Nelson’s return expectations. Vaughan Nelson uses a bottom-up value oriented investment process in constructing the Fund’s portfolio. Vaughan </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Nelson seeks companies with the following characteristics, although not all of the companies selected will have these attributes:</span></div><div>
<table cellspacing="0" style="padding-top:4pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Companies earning a positive return on capital with stable-to-improving returns.</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Companies valued at a discount to their asset value.</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Companies with an attractive and sustainable dividend level.</span></div>
</td>
</tr>
</table></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">In selecting investments for the Fund, Vaughan Nelson generally employs the following strategies:</span></div><div>
<table cellspacing="0" style="padding-top:4pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Value-driven investment philosophy that selects stocks selling at a relatively low value based on discounted cash flow models. Vaughan Nelson selects </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">companies that it believes are out of favor or misunderstood.</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Vaughan Nelson starts with an investment universe of 5,000 securities. Vaughan Nelson then uses value-driven screens to create a research universe of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">companies with market capitalizations of at least $100 million.</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Vaughan Nelson uses fundamental analysis to construct a portfolio of 60 to 80 securities that, in the opinion of Vaughan Nelson, is made up of quality </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">companies with the potential to provide significant increases in share price over a three year period.</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Vaughan Nelson will generally sell a security when it reaches Vaughan Nelson’s price target or when the issuer shows a change in financial </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">condition, competitive pressures, poor management decisions or internal or external forces reducing future expected returns from those expected at the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">time of investment.</span></div>
</td>
</tr>
</table></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund may also:</span></div><div>
<table cellspacing="0" style="padding-top:4pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Invest in convertible preferred stock and convertible debt securities.</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Invest in foreign securities, including emerging market securities.</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Invest in REITs.</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Invest in securities offered in initial public offerings (“IPOs”).</span></div>
</td>
</tr>
</table></div>
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">You may lose money </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">by investing in the Fund.</span>
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Fund shares are not bank deposits and are not guaranteed, endorsed or insured by the Federal Deposit Insurance Corporation or any other government </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">agency, and are subject to investment risks, including possible loss of the principal invested.</span>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Equity Securities Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The value of the Fund’s investments in equity securities could be subject to unpredictable declines in the value of individual </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">securities and periods of below-average performance in individual securities or in the equity market as a whole. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Value stocks can perform differently from the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">market as a whole and from other types of stocks. Value stocks also present the risk that their lower valuations fairly reflect their business prospects and that </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">investors will not agree that the stocks represent favorable investment opportunities, and they may fall out of favor with investors and underperform growth </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">stocks during any given period.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Securities issued in </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">initial public offerings </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">tend to involve greater market risk than other equity securities due, in part, to public </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">perception and the lack of publicly available information and trading history. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> In the event an issuer is liquidated or declares bankruptcy, the claims of owners </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">of the issuer’s bonds generally take precedence over the claims of those who own preferred stock or common stock. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Securities of real estate-related </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">companies and REITs in which the Fund may invest may be considered equity securities, thus subjecting the Fund to the risks of investing in equity securities </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">generally. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Small-Capitalization Companies Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Small-capitalization companies are more likely than larger companies to have limited product lines, markets or </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">financial resources, or to depend on a small, inexperienced management group. Stocks of these companies often trade less frequently and in limited volume </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">and their prices may fluctuate more than stocks of larger companies. Stocks of small-capitalization companies may therefore be more vulnerable to adverse </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">developments than those of larger companies.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Market/Issuer Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The market value of the Fund’s investments will move up and down, sometimes rapidly and unpredictably, based upon overall market </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">and economic conditions, as well as a number of reasons that directly relate to the issuers of the Fund’s investments, such as management performance, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">financial condition and demand for the issuers’ goods and services.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Management Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> A strategy used by the Fund’s portfolio managers may fail to produce the intended result. </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Liquidity Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Liquidity risk is the risk that the Fund may be unable to find a buyer for its investments when it seeks to sell them or to receive the price it </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">expects. Decreases in the number of financial institutions willing to make markets in the Fund’s investments or in their capacity or willingness to transact may </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">increase the Fund’s exposure to this risk. Events that may lead to increased redemptions, such as market disruptions or increases in interest rates, may also </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">negatively impact the liquidity of the Fund’s investments when it needs to dispose of them. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Markets may become illiquid quickly. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">If the Fund is forced to sell </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">its investments at an unfavorable time and/or under adverse conditions in order to meet redemption requests, such sales could negatively affect the Fund. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">During times of market turmoil, there may be no buyers or sellers for securities in certain asset classes and dealers may be unwilling or unable to make a </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">market for certain securities. In other circumstances, liquid investments may become illiquid. Liquidity issues may also make it difficult to value the Fund’s </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">investments. The Fund may invest in liquid investments that become illiquid due to financial distress, or geopolitical events such as sanctions, trading halts or </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">wars.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Convertible Securities Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Convertible securities have investment characteristics of both equity and debt securities. Investments in convertible securities </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">are subject to the usual risks associated with debt instruments, such as interest rate risk and credit risk. Convertible securities also react to changes in the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">value of the common stock into which they convert, and are thus subject to many of the same risks as investing in common stock. The Fund may convert a </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">convertible security at an inopportune time, which may decrease the Fund’s return.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Cybersecurity and Technology Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The Fund, its service providers,</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">and other market participants increasingly depend on complex information </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">technology and communications systems, which are subject to a number of different threats and risks that could adversely affect the Fund and its </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shareholders. Cybersecurity and other operational and technology issues may result in financial losses to the Fund and its shareholders.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Emerging Markets Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> In addition to the risks of investing in foreign investments generally, emerging markets investments are subject to greater risks </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">arising from political or economic instability, war, nationalization or confiscatory taxation, currency exchange or repatriation restrictions, sanctions by other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">countries (such as the United States or the European Union), new or inconsistent government treatment of or restrictions on issuers and instruments, and an </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">issuer’s unwillingness or inability to make dividend, principal or interest payments on its securities. Emerging markets companies may be smaller and have </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shorter operating histories than companies in developed markets.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Foreign Securities Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Investments in foreign securities may be subject to greater political, economic, environmental, credit/counterparty and information </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">risks.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund’s investments in foreign securities also are subject to foreign currency fluctuations and other foreign currency-related risks.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Foreign securities </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">may be subject to higher volatility than U.S. securities, varying degrees of regulation and limited liquidity. </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Large Shareholder Transaction Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Ownership of shares of the Fund </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">may be concentrated in one or a few large investors. Such investors may redeem </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shares in large quantities or on a frequent basis. In addition, a large number of shareholders collectively may purchase or redeem Fund shares in large </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">amounts rapidly or unexpectedly (collectively, such transactions are referred to as “large shareholder transactions”). In the event of a large shareholder </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">transaction, the Fund may be required to sell investments at unfavorable times or prices, which may increase realized capital gains, including short-term </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">capital gains taxable as ordinary income for shareholders who hold Fund shares in a taxable account, may accelerate the realization of taxable income to </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shareholders, may increase transaction costs, and may otherwise negatively impact fund performance. The effects of taxable income and/or gains resulting </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">from large shareholder transactions would particularly impact non-redeeming shareholders who do not hold their Fund shares in an IRA, 401(k) plan or other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">tax-advantaged plan. In addition, such transactions potentially limit the use of any capital loss carryforwards and certain other losses to offset future realized </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">capital gains (if any). Such transactions may also increase the Fund’s expenses. A number of circumstances may cause </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Fund to experience large </span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">redemptions, such as changes in the eligibility criteria for the Fund or share class of the Fund; liquidations, reorganizations, repositionings, or other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">announced Fund events; or changes in investment objectives, strategies, policies, risks, or investment personnel.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>REITs Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Investments in the real estate industry, including REITs, are particularly sensitive to economic downturns and are sensitive to factors such as </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">changes in real estate values, property taxes and tax laws, interest rates, cash flow of underlying real estate assets, occupancy rates, government regulations </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">affecting zoning, land use and rents and the management skill and creditworthiness of the issuer. Companies in the real estate industry also may be subject </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">to liabilities under environmental and hazardous waste laws. In addition, the value of a REIT is affected by changes in the value of the properties owned by </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the REIT or mortgage loans held by the REIT. REITs are also subject to default and prepayment risk. Many REITs are highly leveraged, increasing their risk. The </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the Fund. REITs are also subject to the possibilities of failing to qualify for the favorable tax treatment available to REITs under the Internal Revenue Code of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">1986, as amended, and failing to maintain their exemptions from registration under the Investment Company Act of 1940, as amended.</span></div>
Risk/Return Bar Chart and Table
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The bar chart and table shown below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year-</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">to-year and by showing how the Fund’s average annual returns for the one-year, five-year, ten-year and life-of-class periods (as applicable) compare to those </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">of a a broad-based securities market index that reflects the performance of the overall market applicable to the Fund and an additional index that represents </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the market sectors in which the Fund primarily invests.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Performance for Class C shares includes the automatic conversion to Class A shares after eight years, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">where applicable.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund’s past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Updated </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">performance information is available online at </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">im.natixis.com</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> and/or by calling the Fund toll-free at </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">800-225-5478</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">. </span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The chart does not reflect any sales charge that you may be required to pay when you buy or redeem the Fund’s shares. A sales charge will reduce your </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">return.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> To the extent that a class of shares was subject to the waiver or reimbursement of certain expenses during a period, had such expenses not been </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">waived or reimbursed during the period, total returns would have been lower.</span></div>
The bar chart and table shown below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year-to-year and by showing how the Fund’s average annual returns for the one-year, five-year, ten-year and life-of-class periods (as applicable) compare to those of a a broad-based securities market index that reflects the performance of the overall market applicable to the Fund and an additional index that represents the market sectors in which the Fund primarily invests.
The Fund’s past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
im.natixis.com
800-225-5478
The chart does not reflect any sales charge that you may be required to pay when you buy or redeem the Fund’s shares. A sales charge will reduce your return.
Total Returns for Class Y Shares
<div><img alt="image" src="pr4824img006.jpg"/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Highest Quarterly Return:</span><br/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Fourth Quarter 2020</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">, </span><span style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">28.00%</span><br/><br/><br/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Lowest Quarterly Return:</span><br/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">First Quarter 2020</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">, </span><span style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">-29.83%</span></div>
Highest Quarterly Return:
2020-12-31
0.28
Lowest Quarterly Return:
2020-03-31
-0.2983
<div>
<table cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50%"></td>
<td style="height:1px;width:12.477558348294435%"></td>
<td style="height:1px;width:12.477558348294435%"></td>
<td style="height:1px;width:12.477558348294435%"></td>
<td style="height:1px;width:12.567324955116696%"></td>
</tr>
<tr>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Average Annual Total Returns</b></span>
</div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;">(for the periods ended December 31, 2025)</span>
</div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Past 1 Year</b></span></div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Past 5 Years</b></span></div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Past 10 Years</b></span></div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Life of Class N</b></span><br/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>(5/1/17)</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class Y - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">12.16%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">11.62%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">10.00%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Return After Taxes on Distributions</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">10.77%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">9.54%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">7.83%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Return After Taxes on Distributions and Sale of Fund Shares</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">8.24%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">8.51%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">7.33%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class A - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">5.45%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">10.04%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">9.08%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class C - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">10.17%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">10.53%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">9.06%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class N - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">12.22%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">11.68%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">9.39%</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Russell 3000</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:7pt;;"><sup>®</sup></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> Index</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">17.15%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">13.15%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">14.29%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">14.09%</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Russell 2000</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:7pt;;"><sup>®</sup></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> Value Index</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">12.59%</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">8.88%</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">9.27%</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">7.18%</span></div>
</td>
</tr>
</table></div>
Average Annual Total Returns(for the periods ended December 31, 2025)
0.1216
0.1162
0.10
0.1077
0.0954
0.0783
0.0824
0.0851
0.0733
0.0545
0.1004
0.0908
0.1017
0.1053
0.0906
0.1222
0.1168
0.0939
0.1715
0.1315
0.1429
0.1409
0.1259
0.0888
0.0927
0.0718
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">hold their shares through tax-advantaged arrangements, such as 401(k) plans, qualified plans, education savings accounts, such as 529 plans, or individual </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">retirement accounts. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The after-tax returns are shown for only one class of the Fund.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">After-tax returns for the other classes of the Fund will vary.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Index </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">performance reflects no deduction for fees, expenses or taxes</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">.</span></div>
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their shares through tax-advantaged arrangements, such as 401(k) plans, qualified plans, education savings accounts, such as 529 plans, or individual retirement accounts.
The after-tax returns are shown for only one class of the Fund. After-tax returns for the other classes of the Fund will vary.
Index performance reflects no deduction for fees, expenses or taxes
Natixis Oakmark International Fund
Investment Goal
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund seeks long-term capital appreciation.</span></div>
Fund Fees & Expenses
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The following table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">brokerage commissions and other fees to financial intermediaries, which are not reflected in this table. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Natixis Funds Complex. More information about these and other discounts is </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">available from your financial professional and in the section “How Sales Charges Are Calculated” on page </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">73</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> of the Prospectus, in Appendix A to the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Prospectus and on page </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">106</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> in the section “Reduced Sales Charges” of the Statement of Additional Information (“SAI”).</span></div>
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Natixis Funds Complex.
50000
Shareholder Fees(fees paid directly from your investment)
0.0575
0
0
0
0.01
0
0
0
0
0
0
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">A 1.00% contingent deferred sales charge (“CDSC”) may apply to certain purchases of Class A shares of $1,000,000 or more that are redeemed within eighteen months of the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">date of purchase.</span>
Annual Fund Operating Expenses(expenses that you pay each year as a percentage of the value of your investment)
0.008
0.008
0.008
0.008
0.0025
0.01
0
0
0.0142
0.0217
0.0127
0.0117
0.0115
0.019
0.0085
0.009
April 30, 2027
Example
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods (except where indicated). The </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">,</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">except that the example is </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">based on the Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement assuming that such waiver and/or reimbursement will </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">only be in place through the dates noted above and on the Total Annual Fund Operating Expenses for the remaining periods. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The example for Class C shares </span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">for the ten-year period reflects the conversion to Class A shares after eight years.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The example does not take into account brokerage commissions and other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">fees to financial intermediaries that you may pay on your purchases and sales of shares of the Fund.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Although your actual costs may be higher or lower, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">based on these assumptions your costs would be:</span></div>
<div>
<table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50.001795332136446%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.651705565529623%"></td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>If shares are redeemed:</b></span>
</div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>1 year</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>3 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>5 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>10 years</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class A</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">685</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">973</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,282</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">2,157</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class C</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">293</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">653</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,140</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">2,291</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class N</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">87</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">361</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">657</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,497</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class Y</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">92</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">345</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">618</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,396</span></div>
</td>
</tr>
</table></div>
If shares are redeemed:
685
973
1282
2157
293
653
1140
2291
87
361
657
1497
92
345
618
1396
<div>
<table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50.001795332136446%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.651705565529623%"></td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>If shares are not redeemed:</b></span>
</div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>1 year</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>3 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>5 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>10 years</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class C</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">193</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">653</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,140</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">2,291</span></div>
</td>
</tr>
</table></div>
If shares are not redeemed:
193
653
1140
2291
Portfolio Turnover
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">in annual fund operating expenses or in the example, affect the Fund’s performance. During its most recently ended fiscal year, the Fund’s portfolio turnover </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">rate was </span><span style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">68%</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> of the average value of its portfolio.</span></div>
0.68
Investments, Risks and PerformancePrincipal Investment Strategies
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund invests primarily in a diversified portfolio of common stocks of non-U.S. companies. The Fund may invest in non-U.S. markets throughout the world, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">including emerging markets. Ordinarily, the Fund will invest in the securities of at least five countries outside the U.S. There are no geographic limits on the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Fund’s non-U.S. investments. Although the Fund invests primarily in common stocks of non-U.S. companies it may also invest in the securities of U.S. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">companies. The Fund may invest in the securities of small-, mid- and large-capitalization companies.</span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund’s subadviser, Harris Associates L.P. (“Harris Associates”) uses a value investment philosophy in selecting equity securities, such as common stocks, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">preferred stocks, warrants, and securities convertible into common stocks and preferred stocks. This value investment philosophy is based upon the belief </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">that, over time, a company’s stock price converges with Harris Associates’ estimate of its intrinsic value. By “intrinsic value,” Harris Associates means its </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">estimate of the price a knowledgeable buyer would pay to acquire the entire business. Harris Associates believes that investing in securities priced </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">significantly below what Harris Associates believes is a company’s intrinsic value presents the best opportunity to achieve the Fund’s investment objective.</span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Harris Associates uses this value investment philosophy to identify companies that have discounted stock prices compared to what Harris Associates believes </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">are the companies’ intrinsic values. In assessing such companies, Harris Associates looks for the following characteristics, although not all of the companies </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">selected will have these attributes: (1) free cash flows and intelligent investment of excess cash; (2) earnings that are growing and are reasonably </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">predictable; and (3) high level of company management alignment with shareholders.</span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Once Harris Associates identifies a stock that it believes is selling at a significant discount to Harris Associates’ estimated intrinsic value and that the issuer </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">has one or more of the additional qualities mentioned above, Harris Associates generally will consider buying that security for the Fund. Harris Associates </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">usually sells a security when the price approaches its estimated value or the issuer’s fundamentals change. Harris Associates monitors each holding and </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">adjusts its price targets as warranted to reflect changes in the issuer’s fundamentals. The Fund’s portfolio typically holds 30 to 65 stocks.</span></div>
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">You may lose money </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">by investing in the Fund.</span>
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Fund shares are not bank deposits and are not guaranteed, endorsed or insured by the Federal Deposit Insurance Corporation or any other government </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">agency, and are subject to investment risks, including possible loss of the principal invested.</span>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Equity Securities Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The value of the Fund’s investments in equity securities could be subject to unpredictable declines in the value of individual </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">securities and periods of below-average performance in individual securities or in the equity market as a whole. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Value stocks can perform differently from the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">market as a whole and from other types of stocks. Value stocks also present the risk that their lower valuations fairly reflect their business prospects and that </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">investors will not agree that the stocks represent favorable investment opportunities, and they may fall out of favor with investors and underperform growth </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">stocks during any given period.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> In the event an issuer is liquidated or declares bankruptcy, the claims of owners of the issuer’s bonds generally take </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">precedence over the claims of those who own preferred stock or common stock. </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Foreign Securities Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Investments in foreign securities may be subject to greater political, economic, environmental, credit/counterparty and information </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">risks.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Fund’s investments in foreign securities also are subject to foreign currency fluctuations and other foreign currency-related risks.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Foreign securities </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">may be subject to higher volatility than U.S. securities, varying degrees of regulation and limited liquidity.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Emerging Markets Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> In addition to the risks of investing in foreign investments generally, emerging markets investments are subject to greater risks </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">arising from political or economic instability, war, nationalization or confiscatory taxation, currency exchange or repatriation restrictions, sanctions by other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">countries (such as the United States or the European Union), new or inconsistent government treatment of or restrictions on issuers and instruments, and an </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">issuer’s unwillingness or inability to make dividend, principal or interest payments on its securities. Emerging markets companies may be smaller and have </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shorter operating histories than companies in developed markets.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Currency Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Fluctuations in the exchange rates between different currencies may negatively affect an investment. The Fund may be subject to currency </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">risk because it may invest in currency-related instruments and may invest in securities or other instruments denominated in, or that generate income </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">denominated in, foreign currencies. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund may elect not to hedge currency risk, or may hedge such risk imperfectly, which may cause the Fund to incur </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">losses that would not have been incurred had the risk been hedged. </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Focused Investment Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Because the Fund may invest in a small number of industries or </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">issuers</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">, it may have more risk because the impact of a single </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">economic, political or regulatory occurrence may have a greater adverse impact on the Fund’s net asset value.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Cybersecurity and Technology Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The Fund, its service providers,</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">and other market participants increasingly depend on complex information </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">technology and communications systems, which are subject to a number of different threats and risks that could adversely affect the Fund and its </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shareholders. Cybersecurity and other operational and technology issues may result in financial losses to the Fund and its shareholders.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Large Shareholder Transaction Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Ownership of shares of the Fund </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">may be concentrated in one or a few large investors. Such investors may redeem </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shares in large quantities or on a frequent basis. In addition, a large number of shareholders collectively may purchase or redeem Fund shares in large </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">amounts rapidly or unexpectedly (collectively, such transactions are referred to as “large shareholder transactions”). In the event of a large shareholder </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">transaction, the Fund may be required to sell investments at unfavorable times or prices, which may increase realized capital gains, including short-term </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">capital gains taxable as ordinary income for shareholders who hold Fund shares in a taxable account, may accelerate the realization of taxable income to </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shareholders, may increase transaction costs, and may otherwise negatively impact fund performance. The effects of taxable income and/or gains resulting </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">from large shareholder transactions would particularly impact non-redeeming shareholders who do not hold their Fund shares in an IRA, 401(k) plan or other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">tax-advantaged plan. In addition, such transactions potentially limit the use of any capital loss carryforwards and certain other losses to offset future realized </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">capital gains (if any). Such transactions may also increase the Fund’s expenses. A number of circumstances may cause </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Fund to experience large </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">redemptions, such as changes in the eligibility criteria for the Fund or share class of the Fund; liquidations, reorganizations, repositionings, or other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">announced Fund events; or changes in investment objectives, strategies, policies, risks, or investment personnel.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Management Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> A strategy used by the Fund’s portfolio managers may fail to produce the intended result. </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Market/Issuer Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The market value of the Fund’s investments will move up and down, sometimes rapidly and unpredictably, based upon overall market </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">and economic conditions, as well as a number of reasons that directly relate to the issuers of the Fund’s investments, such as management performance, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">financial condition and demand for the issuers’ goods and services.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Value Style Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Investing in “value” stocks presents the risk that the stocks may never reach what the Adviser believes are their full market values, either </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">because the market fails to recognize what the Adviser considers to be the companies’ intrinsic values or because the Adviser misjudged those values. In </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">addition, value stocks may fall out of favor with investors and underperform other investments during given periods.</span></div>
Risk/Return Bar Chart and Table
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The bar chart and table shown below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year-</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">to-year and by showing how the Fund’s average annual returns for the one-year, five-year, ten-year and life-of-class periods (as applicable) compare to those </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">of a broad-based securities market index that reflects the performance of the overall market applicable to the Fund.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Performance for Class C shares includes </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the automatic conversion to Class A shares after eight years, where applicable.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund’s past performance (before and after taxes) does not necessarily </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">indicate how the Fund will perform in the future.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Updated performance information is available online at </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">im.natixis.com</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> and/or by calling the Fund toll-free at </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">800-225-5478</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">. </span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The chart does not reflect any sales charge that you may be required to pay when you buy or redeem the Fund’s shares. A sales charge will reduce your </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">return.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> To the extent that a class of shares was subject to the waiver or reimbursement of certain expenses during a period, had such expenses not been </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">waived or reimbursed during the period, total returns would have been lower.</span></div>
The bar chart and table shown below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year-to-year and by showing how the Fund’s average annual returns for the one-year, five-year, ten-year and life-of-class periods (as applicable) compare to those of a broad-based securities market index that reflects the performance of the overall market applicable to the Fund.
The Fund’s past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
im.natixis.com
800-225-5478
The chart does not reflect any sales charge that you may be required to pay when you buy or redeem the Fund’s shares. A sales charge will reduce your return.
Total Returns for Class A Shares
<div><img alt="image" src="pr4833img008.jpg"/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Highest Quarterly Return:</span><br/><span style="-sec-ix-hidden: quaterdateinyy_4833-8_2020-06-30"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Fourth Quarter 2020</span></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">, </span><span style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">31.94%</span><br/><br/><br/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Lowest Quarterly Return:</span><br/><span style="-sec-ix-hidden: quaterdateinyy_4833-9_2020-06-30"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">First Quarter 2020</span></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">, </span><span style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">-38.74%</span></div>
Highest Quarterly Return:
0.3194
Lowest Quarterly Return:
-0.3874
<div>
<table cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50%"></td>
<td style="height:1px;width:12.477558348294435%"></td>
<td style="height:1px;width:12.477558348294435%"></td>
<td style="height:1px;width:12.477558348294435%"></td>
<td style="height:1px;width:12.567324955116696%"></td>
</tr>
<tr>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Average Annual Total Returns</b></span>
</div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;">(for the periods ended December 31, 2025)</span>
</div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Past 1 Year</b></span></div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Past 5 Years</b></span></div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Past 10 Years</b></span></div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Life of Class N</b></span><br/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>(5/1/17)</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class A - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">25.00%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">5.22%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">5.90%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Return After Taxes on Distributions</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">24.06%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">4.79%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">5.53%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Return After Taxes on Distributions and Sale of Fund Shares</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">15.40%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">4.10%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">4.80%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class C - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">30.66%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">5.67%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">5.89%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class N - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">32.91%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">6.77%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">5.21%</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class Y - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">32.94%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">6.73%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">6.76%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">MSCI World ex USA Index (Net)</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">31.85%</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">9.46%</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">8.55%</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">8.42%</span></div>
</td>
</tr>
</table></div>
Average Annual Total Returns(for the periods ended December 31, 2025)
0.25
0.0522
0.059
0.2406
0.0479
0.0553
0.154
0.041
0.048
0.3066
0.0567
0.0589
0.3291
0.0677
0.0521
0.3294
0.0673
0.0676
0.3185
0.0946
0.0855
0.0842
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">hold their shares through tax-advantaged arrangements, such as 401(k) plans, qualified plans, education savings accounts, such as 529 plans, or individual </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">retirement accounts. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The after-tax returns are shown for only one class of the Fund.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">After-tax returns for the other classes of the Fund will vary.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Index </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">performance reflects no deduction for fees, expenses or taxes</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">. The Return After Taxes on Distributions and the Return After Taxes on Distributions and Sale </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">of Fund Shares for the 1-year and 5-year periods exceed the Return Before Taxes due to an assumed tax benefit from the pass-through of foreign tax credits </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">and from losses on a sale of Fund shares at the end of the measurement period.</span></div>
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their shares through tax-advantaged arrangements, such as 401(k) plans, qualified plans, education savings accounts, such as 529 plans, or individual retirement accounts.
The after-tax returns are shown for only one class of the Fund. After-tax returns for the other classes of the Fund will vary.
Index performance reflects no deduction for fees, expenses or taxes
Natixis U.S. Equity Opportunities Fund
Investment Goal
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund seeks long-term growth of capital.</span></div>
Fund Fees & Expenses
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The following table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">brokerage commissions and other fees to financial intermediaries, which are not reflected in this table. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Natixis Funds Complex. More information about these and other discounts is </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">available from your financial professional and in the section “How Sales Charges Are Calculated” on page </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">73</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> of the Prospectus, in Appendix A to the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Prospectus and on page </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">106</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> in the section “Reduced Sales Charges” of the Statement of Additional Information (“SAI”).</span></div>
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Natixis Funds Complex.
50000
Shareholder Fees(fees paid directly from your investment)
0.0575
0
0
0
0
0
0
0
0
0
0
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">A 1.00% contingent deferred sales charge (“CDSC”) may apply to certain purchases of Class A shares of $1,000,000 or more that are redeemed within eighteen months of the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">date of purchase.</span>
Annual Fund Operating Expenses(expenses that you pay each year as a percentage of the value of your investment)
0.0067
0.0067
0.0067
0.0067
0.0025
0.01
0
0
0.0014
0.0014
0.0012
0.0014
0.0106
0.0181
0.0079
0.0081
0.0106
0.0181
0.0075
0.0081
April 30, 2027
Example
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods (except where indicated). The </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">,</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> except that the example for </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Class N shares is based on the Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement assuming that such waiver and/or </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">reimbursement will only be in place through the date noted above and on the Total Annual Fund Operating Expenses for the remaining periods. The example </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">for Class C shares for the ten-year period reflects the conversion to Class A shares after eight years. The example does not take into account brokerage </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">commissions and other fees to financial intermediaries that you may pay on your purchases and sales of shares of the Fund. Although your actual costs may </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">be higher or lower, based on these assumptions your costs would be:</span></div>
<div>
<table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50.001795332136446%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.651705565529623%"></td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>If shares are redeemed:</b></span>
</div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>1 year</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>3 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>5 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>10 years</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class A</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">677</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">893</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,126</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,795</span></div>
</td>
</tr>
</table></div><div>
<table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50.001795332136446%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.651705565529623%"></td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>If shares are redeemed:</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>1 year</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>3 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>5 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>10 years</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class C</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">284</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">569</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">980</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="border-bottom: Black 1pt solid; padding-bottom: 2pt; vertical-align: bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,930</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class N</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">77</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">248</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">435</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">974</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class Y</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">83</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">259</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">450</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,002</span></div>
</td>
</tr>
</table></div>
If shares are redeemed:
677
893
1126
1795
284
569
980
1930
77
248
435
974
83
259
450
1002
<div>
<table cellpadding="0" cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50.001795332136446%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.56193895870736%"></td>
<td style="height:1px;width:2.9156193895870732%"></td>
<td style="height:1px;width:9.651705565529623%"></td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>If shares are not redeemed:</b></span>
</div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>1 year</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>3 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>5 years</b></span></div>
</td>
<td colspan="2" style="padding-bottom:2pt;border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>10 years</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class C</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">184</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">569</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">980</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">$</span></div>
</td>
<td colspan="1" style="padding-bottom:2pt;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">1,930</span></div>
</td>
</tr>
</table></div>
If shares are not redeemed:
184
569
980
1930
Portfolio Turnover
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">in annual fund operating expenses or in the example, affect the Fund’s performance. During its most recently ended fiscal year, the Fund’s portfolio turnover </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">rate was </span><span style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">38%</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> of the average value of its portfolio.</span></div>
0.38
Investments, Risks and PerformancePrincipal Investment Strategies
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in equity securities. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Equity securities may include common stocks and preferred stocks. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">borrowings made for investment purposes) in securities of U.S. issuers. The Fund’s approach to equity investing combines the styles of two subadvisers in </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">selecting securities for each of the Fund’s sleeves. The sleeves and their subadvisers are listed below.</span></div><div>
<table cellspacing="0" style="padding-top:4pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Harris Associates - Large Cap Value sleeve - Under normal circumstances, the Large Cap Value sleeve of the Fund managed by Harris Associates L.P. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">(“Harris Associates”) will invest primarily in the common stocks of larger-capitalization companies that Harris Associates believes are trading at a </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">substantial discount to the company’s “intrinsic value.” By “intrinsic value,” Harris Associates means its estimate of the price a knowledgeable buyer </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">would pay to acquire the entire business. Harris Associates believes that investing in securities priced significantly below what Harris Associates believes </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">is a company’s intrinsic value presents the best opportunity to achieve the Fund’s investment objectives. Harris Associates usually sells a security when </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the price approaches its estimated value and monitors each holding and adjusts its price targets as warranted to reflect changes in the issuer’s </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">fundamentals. In determining whether an issuer is a U.S. or foreign issuer for the Harris Associates – Large Cap Value sleeve, Harris Associates considers </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">various factors, including its country of domicile, the primary stock exchange on which it trades, the location from which the majority of its revenue comes, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">and its reporting currency.</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Loomis Sayles - All Cap Growth sleeve - Under normal circumstances, the All Cap Growth sleeve of the Fund, managed by Loomis, Sayles & Company, L.P. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">(“Loomis Sayles”), will invest primarily in equity securities, including common stocks and depositary receipts. This sleeve may invest in companies of any </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">size. The sleeve normally invests across a wide range of sectors and industries. The sleeve’s portfolio manager employs a growth style of equity </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">management that emphasizes companies with sustainable competitive advantages versus others, long-term structural growth drivers that will lead to </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">above-average future cash flow growth, attractive cash flow returns on invested capital, and management teams focused on creating long-term value for </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shareholders. The sleeve’s portfolio manager aims to invest in companies when they trade at a significant discount to the estimate of intrinsic value (i.e. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">companies with share prices trading significantly below what the portfolio manager believes the share price should be). The sleeve will consider selling a </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">portfolio investment when the portfolio manager believes an unfavorable structural change occurs within a given business or the markets in which it </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">operates, a critical underlying investment assumption is flawed, when a more attractive reward-to-risk opportunity becomes available, when the portfolio </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">manager believes the current price fully reflects intrinsic value, or for other investment reasons which the portfolio manager deems appropriate. Although </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">certain equity securities purchased by the Loomis Sayles – All Cap Growth sleeve of the Fund may be issued by domestic companies incorporated outside </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">of the United States, Loomis Sayles </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">uses a propriety definition to determine whether a security is classified as U.S. or non-U.S. In determining the location </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">of an issuer for these purposes, or where the issuer’s principal activities are based, Loomis Sayles will consider a variety of factors (collectively designed </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">to assess whether an issuer is economically tied to a particular country or region), including but not limited to: the markets in which the issuer’s securities </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">are primarily traded; the location of the issuer’s headquarters, principal offices, or operations; the country where the issuer is organized; the percentage of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the issuer’s revenues or profits derived from goods produced or sold, investments made, or services performed in the relevant country; and information </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">provided by third-party data analytics service providers. No single factor will necessarily be determinative, nor must all factors be present for Loomis </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Sayles to assess an issuer’s location. Loomis Sayles may assign different weights to these factors based on different geographic policies, countries, or </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">products</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">.</span></div>
</td>
</tr>
</table></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Subject to the allocation policy adopted by the Fund’s Board of Trustees, Natixis Advisors generally allocates capital invested in the Fund equally (i.e., 50%) </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">between its two sleeves. Under the allocation policy, Natixis Advisors may also allocate capital away from or towards each sleeve from time to time and may </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">reallocate capital between the sleeves. Each subadviser manages its sleeve of the Fund’s assets in accordance with its distinct investment style and strategy.</span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund may also:</span></div><div>
<table cellspacing="0" style="padding-top:4pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Invest in securities offered in initial public offerings (“IPOs”) and securities issued pursuant to Rule 144A under the Securities Act of 1933 (“Rule 144A </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">securities”).</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;padding-right:2%;padding-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Invest in convertible preferred stock and convertible debt securities.</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Invest in real estate investment trusts (“REITs”).</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Invest in fixed-income securities, including U.S. government bonds and below-investment grade fixed-income securities (commonly known as “junk </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">bonds”).</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Hold securities of foreign issuers traded over-the-counter or on foreign exchanges, including securities in emerging markets and related currency hedging </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">transactions.</span></div>
</td>
</tr>
</table></div><div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;line-height:9pt;">
<div style="font-size:16pt;font-family:Arial, Helvetica, sans-serif;">•</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:0pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Invest in equity securities of Canadian issuers.</span></div>
</td>
</tr>
</table></div>
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">You may lose money </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">by investing in the Fund.</span>
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Fund shares are not bank deposits and are not guaranteed, endorsed or insured by the Federal Deposit Insurance Corporation or any other government </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">agency, and are subject to investment risks, including possible loss of the principal invested.</span>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Equity Securities Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The value of the Fund’s investments in equity securities could be subject to unpredictable declines in the value of individual </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">securities and periods of below-average performance in individual securities or in the equity market as a whole. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Growth stocks are generally more sensitive </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">to market movements than other types of stocks primarily because their stock prices are based heavily on future expectations. If the subadviser’s assessment </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">of the prospects for a company’s growth is wrong, or if the subadviser’s judgment of how other investors will value the company’s growth is wrong, then the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">price of the company’s stock may fall or not approach the value that the subadviser has placed on it.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Value stocks can perform differently from the market as </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">a whole and from other types of stocks. Value stocks also present the risk that their lower valuations fairly reflect their business prospects and that investors </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">will not agree that the stocks represent favorable investment opportunities, and they may fall out of favor with investors and underperform growth stocks </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">during any given period.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Securities issued in </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">initial public offerings </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">tend to involve greater market risk than other equity securities due, in part, to public </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">perception and the lack of publicly available information and trading history. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> In the event an issuer is liquidated or declares bankruptcy, the claims of owners </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">of the issuer’s bonds generally take precedence over the claims of those who own preferred stock or common stock. </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Market/Issuer Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The market value of the Fund’s investments will move up and down, sometimes rapidly and unpredictably, based upon overall market </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">and economic conditions, as well as a number of reasons that directly relate to the issuers of the Fund’s investments, such as management performance, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">financial condition and demand for the issuers’ goods and services.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Management Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> A strategy used by the Fund’s portfolio managers may fail to produce the intended result. </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Large Shareholder Transaction Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Ownership of shares of the Fund </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">may be concentrated in one or a few large investors. Such investors may redeem </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shares in large quantities or on a frequent basis. In addition, a large number of shareholders collectively may purchase or redeem Fund shares in large </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">amounts rapidly or unexpectedly (collectively, such transactions are referred to as “large shareholder transactions”). In the event of a large shareholder </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">transaction, the Fund may be required to sell investments at unfavorable times or prices, which may increase realized capital gains, including short-term </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">capital gains taxable as ordinary income for shareholders who hold Fund shares in a taxable account, may accelerate the realization of taxable income to </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shareholders, may increase transaction costs, and may otherwise negatively impact fund performance. The effects of taxable income and/or gains resulting </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">from large shareholder transactions would particularly impact non-redeeming shareholders who do not hold their Fund shares in an IRA, 401(k) plan or other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">tax-advantaged plan. In addition, such transactions potentially limit the use of any capital loss carryforwards and certain other losses to offset future realized </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">capital gains (if any). Such transactions may also increase the Fund’s expenses. A number of circumstances may cause </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Fund to experience large </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">redemptions, such as changes in the eligibility criteria for the Fund or share class of the Fund; liquidations, reorganizations, repositionings, or other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">announced Fund events; or changes in investment objectives, strategies, policies, risks, or investment personnel.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Liquidity Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Liquidity risk is the risk that the Fund may be unable to find a buyer for its investments when it seeks to sell them or to receive the price it </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">expects. Decreases in the number of financial institutions willing to make markets in the Fund’s investments or in their capacity or willingness to transact may </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">increase the Fund’s exposure to this risk. Events that may lead to increased redemptions, such as market disruptions or increases in interest rates, may also </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">negatively impact the liquidity of the Fund’s investments when it needs to dispose of them. Markets may become illiquid quickly. If the Fund is forced to sell </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">its investments at an unfavorable time and/or under adverse conditions in order to meet redemption requests, such sales could negatively affect the Fund. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">During times of market turmoil, there may be no buyers or sellers for securities in certain asset classes and dealers may be unwilling or unable to make a </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">market for certain securities. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Securities acquired in a private placement, such as Rule 144A securities and privately negotiated equity and other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">investments</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">are generally subject to significant liquidity risk because they are subject to strict restrictions on resale and there may be no liquid secondary </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">market or ready purchaser for such securities. In other circumstances, liquid investments may become illiquid. Derivatives, and particularly over-the-counter </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">(“OTC”) derivatives, are generally subject to liquidity risk as well.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Liquidity issues may also make it difficult to value the Fund’s investments. The Fund may </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">invest in liquid investments that become illiquid due to financial distress, or geopolitical events such as sanctions, trading halts or wars.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Small- and Mid-Capitalization Companies Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Compared to large-capitalization companies, small- and mid-capitalization companies are more likely to </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">have limited product lines, markets or financial resources. Stocks of these companies often trade less frequently and in limited volume and their prices may fluctuate more than stocks of large-capitalization companies. As a result, it may be relatively more difficult for the Fund to buy and sell securities of small- and mid-capitalization companies.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Allocation Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> This is the risk that the Adviser’s judgments about, and allocations between, asset classes and market exposures may adversely affect the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Fund’s performance. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund’s investment performance depends, in part, on how its assets are allocated.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The allocation, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">between asset classes and market </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">exposures</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">, may not be optimal in every market condition. You could lose money on your investment in the Fund as a result of this allocation.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Credit/Counterparty Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Credit/counterparty risk is the risk that the issuer or guarantor of a fixed-income security, or the counterparty to a derivative or </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">other transaction, will be unable or unwilling to make timely payments of interest or principal or to otherwise honor its obligations. As a result, the Fund may </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">sustain losses or be unable or delayed in its ability to realize gains. The Fund will be subject to credit/counterparty risk with respect to the counterparties to </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">its derivatives transactions. This risk will be heightened to the extent the Fund enters into derivatives transactions with a single counterparty (or affiliated </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">counterparties that are part of the same organization), causing the Fund to have significant exposure to such counterparty. Many of the protections afforded </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">to participants on organized exchanges and </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">clearing houses</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">, such as the performance guarantee given by a central </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">clearing house</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">, are not available in </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">connection with OTC derivatives transactions, such as foreign currency transactions. For centrally cleared derivatives, such as cleared swaps, futures and </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">many options, the primary credit/counterparty risk is the creditworthiness of the Fund’s clearing broker and the central </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">clearing house</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> itself.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Cybersecurity and Technology Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The Fund, its service providers,</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">and other market participants increasingly depend on complex information </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">technology and communications systems, which are subject to a number of different threats and risks that could adversely affect the Fund and its </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shareholders. Cybersecurity and other operational and technology issues may result in financial losses to the Fund and its shareholders.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Emerging Markets Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> In addition to the risks of investing in foreign investments generally, emerging markets investments are subject to greater risks </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">arising from political or economic instability, war, nationalization or confiscatory taxation, currency exchange or repatriation restrictions, sanctions by other </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">countries (such as the United States or the European Union), new or inconsistent government treatment of or restrictions on issuers and instruments, and an </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">issuer’s unwillingness or inability to make dividend, principal or interest payments on its securities. Emerging markets companies may be smaller and have </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">shorter operating histories than companies in developed markets.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>Foreign Securities Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Investments in foreign securities may be subject to greater political, economic, environmental, credit/counterparty and information </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">risks.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> The</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Fund’s investments in foreign securities also are subject to foreign currency fluctuations and other foreign currency-related risks.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Foreign securities </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">may be subject to higher volatility than U.S. securities, varying degrees of regulation and limited liquidity.</span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"><b>REITs Risk:</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Investments in the real estate industry, including REITs, are particularly sensitive to economic downturns and are sensitive to factors such as </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">changes in real estate values, property taxes and tax laws, interest rates, cash flow of underlying real estate assets, occupancy rates, government regulations </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">affecting zoning, land use and rents and the management skill and creditworthiness of the issuer. Companies in the real estate industry also may be subject </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">to liabilities under environmental and hazardous waste laws. In addition, the value of a REIT is affected by changes in the value of the properties owned by </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the REIT or mortgage loans held by the REIT. REITs are also subject to default and prepayment risk. Many REITs are highly leveraged, increasing their risk. The </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Fund will indirectly bear its proportionate share of expenses, including management fees, paid by each REIT in which it invests in addition to the expenses of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">the Fund. REITs are also subject to the possibilities of failing to qualify for the favorable tax treatment available to REITs under the Internal Revenue Code of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">1986, as amended, and failing to maintain their exemptions from registration under the Investment Company Act of 1940, as amended.</span></div>
Risk/Return Bar Chart and Table
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The bar chart and table shown below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year-</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">to-year and by showing how the Fund’s average annual returns for the one-year, five-year, ten-year, and life-of-class periods (as applicable) compare to those </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">of two broad-based securities market indices that reflect the performance of the overall market applicable to the Fund.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Performance for Class C shares </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">includes the automatic conversion to Class A shares after eight years, where applicable.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The Fund’s past performance (before and after taxes) does not </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">necessarily indicate how the Fund will perform in the future.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> Updated performance information is available online at </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">im.natixis.com</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> and/or by calling the Fund </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">toll-free at </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">800-225-5478</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">. </span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The chart does not reflect any sales charge that you may be required to pay when you buy or redeem the Fund’s shares. A sales charge will reduce your </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">return.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> To the extent that a class of shares was subject to the waiver or reimbursement of certain expenses during a period, had such expenses not been </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">waived or reimbursed during the period, total returns would have been lower.</span></div>
The bar chart and table shown below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year-to-year and by showing how the Fund’s average annual returns for the one-year, five-year, ten-year, and life-of-class periods (as applicable) compare to those of two broad-based securities market indices that reflect the performance of the overall market applicable to the Fund.
The Fund’s past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
im.natixis.com
800-225-5478
The chart does not reflect any sales charge that you may be required to pay when you buy or redeem the Fund’s shares. A sales charge will reduce your return.
Total Returns for Class Y Shares
<div><img alt="image" src="pr4833img009.jpg"/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Highest Quarterly Return:</span><br/><span style="-sec-ix-hidden: quaterdateinyy_4833-10_2020-06-30"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Second Quarter 2020</span></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">, </span><span style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">22.61%</span><br/><br/><br/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Lowest Quarterly Return:</span><br/><span style="-sec-ix-hidden: quaterdateinyy_4833-11_2022-06-30"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Second Quarter 2022</span></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">, </span><span style="font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;">-20.63%</span></div>
Highest Quarterly Return:
0.2261
Lowest Quarterly Return:
-0.2063
<div>
<table cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:1.5pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:50%"></td>
<td style="height:1px;width:12.477558348294435%"></td>
<td style="height:1px;width:12.477558348294435%"></td>
<td style="height:1px;width:12.477558348294435%"></td>
<td style="height:1px;width:12.567324955116696%"></td>
</tr>
<tr>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Average Annual Total Returns</b></span>
</div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;">(for the periods ended December 31, 2025)</span>
</div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Past 1 Year</b></span></div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Past 5 Years</b></span></div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Past 10 Years</b></span></div>
</td>
<td colspan="1" style="border-bottom:1.5pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:10pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>Life of Class N</b></span><br/><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.52pt;;"><b>(5/1/17)</b></span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class Y - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">17.62%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">14.63%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">15.53%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Return After Taxes on Distributions</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">16.31%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">12.61%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">13.58%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Return After Taxes on Distributions and Sale of Fund Shares</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">11.24%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">11.17%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">12.38%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class A - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">10.57%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">13.00%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">14.56%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class C - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">15.47%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">13.49%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">14.55%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Class N - Return Before Taxes</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">17.68%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">14.70%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">-</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">15.57%</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">S&P 500</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:7pt;;"><sup>®</sup></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> Index</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">17.88%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">14.42%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">14.82%</span></div>
</td>
<td colspan="1" style="border-bottom:1pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">14.77%</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Russell 1000</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:7pt;;"><sup>®</sup></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> Index</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">17.37%</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">13.59%</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">14.59%</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:center;text-align:center;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;">14.49%</span></div>
</td>
</tr>
</table></div>
Average Annual Total Returns(for the periods ended December 31, 2025)
0.1762
0.1463
0.1553
0.1631
0.1261
0.1358
0.1124
0.1117
0.1238
0.1057
0.13
0.1456
0.1547
0.1349
0.1455
0.1768
0.147
0.1557
0.1788
0.1442
0.1482
0.1477
0.1737
0.1359
0.1459
0.1449
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">hold their shares through tax-advantaged arrangements, such as 401(k) plans, qualified plans, education savings accounts, such as 529 plans, or individual </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">retirement accounts. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">The after-tax returns are shown for only one class of the Fund.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">After-tax returns for the other classes of the Fund will vary.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">Index </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">performance reflects no deduction for fees, expenses or taxes</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:10.02pt;;">.</span></div>
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their shares through tax-advantaged arrangements, such as 401(k) plans, qualified plans, education savings accounts, such as 529 plans, or individual retirement accounts.
The after-tax returns are shown for only one class of the Fund. After-tax returns for the other classes of the Fund will vary.
Index performance reflects no deduction for fees, expenses or taxes
1A 1.00% contingent deferred sales charge (“CDSC”) may apply to certain purchases of Class A shares of $1,000,000 or more that are redeemed within eighteen months of the date of purchase.
1Mirova US LLC (“Mirova US” or the “Adviser”) has given a binding contractual undertaking to the Fund to limit the amount of the Fund’s total annual fund operating expenses to 1.20%, 1.95%, 0.90%, and 0.95% of the Fund’s average daily net assets for Class A, C, N, and Y shares, respectively, exclusive of brokerage expenses, interest expense, taxes, acquired fund fees and expenses, organizational and extraordinary expenses, such as litigation and indemnification expenses. This undertaking is in effect through April 30, 2027 and may be terminated before then only with the consent of the Fund’s Board of Trustees. The Adviser will be permitted to recover, on a class-by-class basis, management fees waived and/or expenses reimbursed to the extent that expenses in later periods fall below both (1) the class’ applicable expense limitation at the time such amounts were waived/reimbursed and (2) the class’ current applicable expense limitation. The Fund will not be obligated to repay any such waived/reimbursed fees and expenses more than one year after the end of the fiscal year in which the fees or expenses were waived/reimbursed.
2Natixis Advisors, LLC (“Natixis Advisors”) has given a binding contractual undertaking to the Fund to reimburse any and all transfer agency expenses for Class N shares. This undertaking is in effect through April 30, 2027 and may be terminated before then only with the consent of the Fund’s Board of Trustees.
1A 1.00% contingent deferred sales charge (“CDSC”) may apply to certain purchases of Class A shares of $1,000,000 or more that are redeemed within eighteen months of the date of purchase.
1The expense information shown in the table above differs from the expense information disclosed in the Fund’s financial highlights table because the financial highlights table reflects the operating expenses of the Fund and does not include acquired fund fees and expenses.
2The Fund’s investment adviser has given a binding contractual undertaking to the Fund to limit the amount of the Fund’s total annual fund operating expenses to 1.25%, 2.00%, 0.95%, and 1.00% of the Fund’s average daily net assets for Class A, Class C, Class N, and Class Y shares, respectively, exclusive of brokerage expenses, interest expense, taxes, acquired fund fees and expenses, organizational and extraordinary expenses, such as litigation and indemnification expenses. This undertaking is in effect through April 30, 2027 and may be terminated before then only with the consent of the Fund’s Board of Trustees. The Adviser will be permitted to recover, on a class-by-class basis, management fees waived and/or expenses reimbursed to the extent that expenses in later periods fall below both (1) the class’ applicable expense limitation at the time such amounts were waived/reimbursed and (2) the class’ current applicable expense limitation. The Fund will not be obligated to repay any such waived/reimbursed fees and expenses more than one year after the end of the fiscal year in which the fees or expenses were waived/reimbursed.
3Natixis Advisors, LLC (“Natixis Advisors”) has given a binding contractual undertaking to the Fund to reimburse any and all transfer agency expenses for Class N shares. This undertaking is in effect through April 30, 2027 and may be terminated before then only with the consent of the Fund’s Board of Trustees.
*A 1.00% contingent deferred sales charge (“CDSC”) may apply to certain purchases of Class A shares of $1,000,000 or more that are redeemed within eighteen months of the date of purchase.
1The expense information shown in the table above includes acquired fund fees and expenses of less than 0.01%; the ratios may differ from the expense information disclosed in the Fund’s financial highlights table because the financial highlights table reflects the operating expenses of the Fund and does not include acquired fund fees and expenses.
2Other expenses are shown net of tax reclaim expense of the following: Class A 0.13%, Class C 0.10%, Class N 0.11%, and Class Y 0.13%. Without these reductions, total annual fund operating expenses would have been 1.55%, 2.28%, 1.38%, and 1.30%, and total annual fund operating expenses after fee waiver and/or expense reimbursement would have been 1.28%, 2.00%, 0.96%, and 1.03%.
3Pursuant to an expense offset arrangement, credits realized as a result of uninvested cash balances may be used to reduce the Fund’s transfer agent expenses. Other expenses are shown net of such reductions of transfer agent expenses of 1bps.
4Natixis Advisors, LLC (“Natixis Advisors”) has given a binding contractual undertaking to the Fund to limit the amount of the Fund’s total annual fund operating expenses to 1.15%, 1.90%, 0.85% and 0.90% of the Fund’s average daily net assets for Class A, C, N and Y shares, respectively, exclusive of brokerage expenses, interest expense, taxes, acquired fund fees and expenses, organizational and extraordinary expenses, such as litigation and indemnification expenses. This undertaking is in effect through April 30, 2027 and may be terminated before then only with the consent of the Fund’s Board of Trustees. The Adviser will be permitted to recover, on a class by class basis, management fees waived and/or expenses reimbursed to the extent that expenses in later periods fall below both (1) the class’ applicable expense limitation at the time such amounts were waived/reimbursed and (2) the class’ current applicable expense limitation. The Fund will not be obligated to repay any such waived/reimbursed fees and expenses more than one year after the end of the fiscal year in which the fees or expenses were waived/reimbursed.
5Natixis Advisors has given a binding contractual undertaking to the Fund to reimburse any and all transfer agency expenses for Class N shares. This undertaking is in effect through April 30, 2027 and may be terminated before then only with the consent of the Fund’s Board of Trustees.
1A 1.00% contingent deferred sales charge (“CDSC”) may apply to certain purchases of Class A shares of $1,000,000 or more that are redeemed within eighteen months of the date of purchase.
Natixis Advisors, LLC (“Natixis Advisors”) has given a binding contractual undertaking to the Fund to limit the amount of the Fund’s total annual fund operating expenses to 1.08%, 1.83%, 0.78% and 0.83% of the Fund’s average daily net assets for Class A, C, N and Y shares, respectively, exclusive of brokerage expenses, interest expense, taxes, acquired fund fees and expenses, organizational and extraordinary expenses, such as litigation and indemnification expenses. This undertaking is in effect through April 30, 2027 and may be terminated before then only with the consent of the Fund’s Board of Trustees. Natixis Advisors will be permitted to recover, on a class by class basis, management fees waived and/or expenses reimbursed to the extent that expenses in later periods fall below both (1) the class’ applicable expense limitation at the time such amounts were waived/reimbursed and (2) the class’ current applicable expense limitation. The Fund will not be obligated to repay any such waived/reimbursed fees and expenses more than one year after the end of the fiscal year in which the fees or expenses were waived/reimbursed.
2Natixis Advisors has given a binding contractual undertaking to the Fund to reimburse any and all transfer agency expenses for Class N shares. This undertaking is in effect through April 30, 2027 and may be terminated before then only with the consent of the Fund’s Board of Trustees.