Natixis Oakmark International Fund
Q1 | March 31, 2015 Natixis Oakmark International Fund Fund Highlights Morningstar Rating • An international equity fund focused on small-, mid- and large-cap stocks, relatively unconstrained by geography, sector or country • Invests in at least five countries • Equity philosophy revolves around buying stocks at a discount to their perceived value; managers require companies to be undervalued, growing and run by strong management teams Foreign Large Blend – Class A † Average annualized total returns ★★★★ ★★★★ Overall out of 635 funds Three years out of 635 funds 6.27% -0.81% 12.03% Life of class 12/15/10 8.70% 0.15 -6.49 9.84 7.21 3.83 -1.39 8.24 5.27 3 months Class A at NAV Class A with 5.75% maximum sales charge MSCI World ex USA Index (Net)4 Overall rating derived from weighted average of the 3-, 5- and 10-year (if applicable) Morningstar Rating metrics; other ratings based on risk-adjusted returns. 1 year 3 years 2006 2007 2008 2009 20101 Class A at NAV (%) - - - - - MSCI World ex USA Index (Net) (%)4 - - - - - 2011 2012 Ticker Cusip Class A Class C NOIAX NOICX 63872R-62-4 63872R-61-6 Class A maximum sales charge of 5.75% Class C maximum CDSC of 1.00% Calendar year returns 2005 Share Class Fund Facts 2013 2014 1.62 -14.55 28.78 28.13 -6.05 Objective 1.43 -12.21 16.41 21.02 -4.32 Total net assets $1.2 billion Inception date 12/15/2010 Investment return – Hypothetical growth of $10,000 investment since inception3 Seeks long-term capital appreciation Number of holdings $17,500 55 Turnover as of 12/31/2014 $15,000 $14,300 $12,500 Distribution frequency Annual 2 $10,000 $7,500 31% Gross Expense Ratios (A) 1.30% Net Expense Ratios (A)2 1.30% $5,000 $2,500 $0 12/10 3/11 9/11 3/12 9/12 3/13 9/13 3/14 9/14 3/15 Performance data quoted represents past performance and is no guarantee of future results. Total return and value will vary, and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. For most recent month-end performance, visit ngam.natixis.com. Performance for other share classes will be greater or less than shown based on differences in fees and sales charges. You may not invest directly in an index. †Performance for periods less than one year is cumulative, not annualized. Returns reflect changes in share price and reinvestment of dividends and capital gains, if any. 1 The calendar year performance shown for 2010 is a partial year of performance since inception on 12/15/2010 through 12/31/2010. 2 As of the most recent prospectus, the investment advisor has contractually agreed to waive fees and/or reimburse expenses (with certain exceptions) once the expense cap of the fund has been exceeded. This arrangement is set to expire on 4/30/16. When an expense cap has not been exceeded, the gross and net expense ratios may be the same. 3 This chart tracks hypothetical growth of a $10,000 investment in Class A shares without the effect of sales charges. If the maximum sales charge were included, returns would have been lower. For funds at least three years old, Morningstar calculates ratings based on a Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Past performance is no guarantee of future results. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. Overall ratings are derived from a weighted average of the performance figures associated with three-, five-, and ten-year (if applicable) Morningstar metrics. Past performance is no guarantee of future results. © 2015 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Q1 | March 31, 2015 Natixis Oakmark International Fund Manager Overview Portfolio Overview Sector breakdown5 Sector Top ten equity holdings12 % of Portfolio Financials Consumer Discretionary Industrials Company Investment Manager % of Portfolio 27.93 1. Credit Suisse Group AG, (Registered) 5.19 27.14 2. BNP Paribas S.A. 4.33 3. Honda Motor Co. Ltd. 3.82 4. Allianz SE, (Registered) 3.81 19.58 Harris Associates manages domestic equity, international equity and balanced portfolios. The firm employs an intensive, fundamental inhouse research process to identify companies trading at a significant discount to managers' estimates of intrinsic business value. Managers construct portfolios on a stock-by-stock basis and follow a strict buy/sell discipline. Consumer Staples 9.41 Materials Information Technology Health Care 4.38 5. Cie Financiere Richemont S.A., (Registered) 3.52 4.18 6. Toyota Motor Corp. 3.36 1.96 7. Daiwa Securities Group, Inc. 3.34 Portfolio Managers14 8. Diageo PLC 3.12 David G. Herro, CFA® 9. CNH Industrial NV 3.01 10. Lloyds Banking Group PLC 3.01 Fund statistics 6 Beta 1.1 7 R-Squared 88.3 Standard Deviation (%)8 9 P/E (Trailing) Ratio 14.5 Top five countries 16.5 Country P/B (Trailing) Ratio10 1.8 Median market cap11 $21.5 billion Headquarters: Chicago, IL Founded: 1976 Assets under management: $131.6 billion (as of 12/31/2014)13 Robert A. Taylor, CFA® % of Portfolio 1. United Kingdom 17.34 2. Switzerland 16.89 3. France 14.26 4. Japan 11.82 5. Germany 11.26 Region breakdown Region % of Portfolio 1. Europe Ex UK 54.56 2. United Kingdom 17.34 3. Japan 11.82 4. Asia Ex Japan 4.70 5. Emerging Markets 3.19 6. United States 2.99 Risks Investing in foreign securities presents risks that in some way may be greater than U.S. investments. Those risks include: currency fluctuation; different regulation, accounting standards, trading practices and levels of available information; generally higher transaction costs; and political risks. Because the fund may invest in a small number of industries or securities, it may have more risk because the impact of a single economic, political or regulatory occurrence may have a greater adverse impact on the fund’s net asset value, and may also increase the fund’s volatility. Investing in value stocks presents the risk that value stocks may fall out of favor with investors and underperform growth stocks during given periods. 4 MSCI World ex USA Index (Net) is an unmanaged index that is designed to measure the equity market performance of developed markets, excluding the United States. You may not invest directly in an index. 5 Source: GICS Sectors via FactSet Research Systems Inc. 6 Beta is calculated for the three-year period and represents the risk associated with the fund relative to market risks. For example, the market has a beta of 1.00, so if a fund has a beta of 0.85, it can be expected to be 15% less volatile than the overall market. Conversely, if a fund has a beta of 1.08, it can be expected to be 8% more volatile than the overall market. 7 R-squared is calculated for the three-year period and represents the percentage of the fund’s movements that can be explained by the movements of the market. For example, index funds will tend to have R-squared values very close to 100. 8 Standard deviation measures the risk of a portfolio or market. Beta, R-squared and standard deviation are calculated on a monthly basis for the 3-year annualized period as of the most recent quarter-end. 9 P/E (Trailing) Ratio is the weighted harmonic average of the priceto-earnings (P/E) ratios of all the stocks in the portfolio. P/E ratio is the ratio of a stock’s price to its earnings per share for the trailing twelve months. This excludes negative earnings. 10 P/B (Trailing) Ratio is the weighted harmonic average of the price-to-book (P/B) ratios of all the stocks in the portfolio. P/B ratio is the ratio of a stock’s price to its book value per share. This excludes negative earnings. 11 Median market cap provides a measure of the market capitalization value of all the stocks in the portfolio. Market capitalization reflects the total market value of a company, as calculated by multiplying the current share price by the number of outstanding shares. 12 The portfolio is actively managed and holdings are subject to change. References to specific securities or industries should not be considered a recommendation. For current holdings, please visit our website. 13 Assets under management (AUM) may include assets for which non-regulatory AUM services are provided. Non-regulatory AUM includes assets which do not fall within the SEC's definition of 'regulatory AUM' in Form ADV, Part 1. 14 CFA® and Chartered Financial Analyst® are registered trademarks owned by the CFA Institute. Before investing, consider the fund’s investment objectives, risks, charges, and expenses. Visit ngam.natixis.com or call 800-225-5478 for a prospectus or a summary prospectus containing this and other information. Read it carefully. NGAM Distribution, L.P. is a limited purpose broker-dealer and the distributor of various registered investment companies for which advisory services are provided by affiliates of Natixis Global Asset Management, S.A. • NGAM Distribution, L.P. is located at 399 Boylston Street, Boston, MA 02116. • 800-225-5478 • ngam.natixis.com NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE 966277.1.4 NOIF59-0315
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