Notice of privacy policies and practices. We¹ consider shareholder relationships to be the hallmark of our business and are dedicated to protecting the confidentiality of any nonpublic personal information provided by our customers². We understand the trust that our customers place in us and are committed to earning that trust well into the future.

Types of Information Gathered. We collect personal information on applications, forms, documents, transaction histories and correspondence (electronic, written and telephonic) with customers. Through our Web sites we gather information about visitors and their needs submitted through answers to surveys, data input to calculators and information entered onto forms. This information includes but is not limited to name, postal address, email address and social security number. Much of the data collected is statistical in nature and is not generally attributable to any specific customer.

How we Use the Information. We use the information gathered to service your account and to provide you with additional information about products and services. We do not disclose any nonpublic information about current or former customers to any unaffiliated third party except as permitted by law, or at the specific request of the customer. The information we collect, as described above, may be shared with our corporate affiliates in the financial services industry in order to enhance and improve customer communications, services, and products designed to meet our customers’ needs. We may disclose some or all of the above information to affiliated and unaffiliated companies that perform marketing and other services (such as preparing and mailing prospectuses, reports and account statements, conducting research on client satisfaction, and gathering votes for shareholder proxies) on our or the Funds’ behalf or to other financial institutions with whom we have joint marketing agreements. These parties that are not affiliated with us have agreed not to use this information for any other purpose.

Policies and Practices to Protect Confidential Informations. Only those employees who have a business need for personally identifiable data about our customers are given access to that nformation. We maintain physical, electronic and procedural safeguards that comply with federal standards to protect your nonpublic personal information. For example, we take precautions to help keep our information systems secure, including the use of firewalls for our Internet-based systems. We also use, when appropriate, encryption technologies, user authentication systems and access control mechanisms.

¹For purposes of this notice the term "we" includes Natixis Funds, Loomis Sayles Funds, Natixis Distributors, L.P., and their advisory affiliates which include Natixis Asset Management Advisors, L.P., Loomis, Sayles & Company, L.P. and all of their successors.

²For purposes of this notice, the terms customer or customers include both shareholders of mutual funds in the Natixis Funds and Loomis Sayles Funds and individuals who provide nonpublic personal information, but do not invest in the Funds.

This website is owned and operated solely by Loomis, Sayles & Company, L.P. and relates to the firm and its own products and services. It does not serve as a website for any other Loomis Sayles affiliate, including but not limited to, Loomis Sayles Trust Company, LLC. Each time you access this website, you acknowledge and agree to be bound by these terms of use, which Loomis, Sayles & Company, L.P. reserves the right to modify at any time for any reason.

No authorized Distribution or use. The information provided on this website is not intended for use or dissemination in any jurisdiction or country where such use or dissemination would violate applicable law or regulation or subject Loomis Sayles to any unintended registration requirements. Nothing on this website shall be considered a solicitation to buy or an offer to sell any product or service to any person in any jurisdiction or country where such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction or country.

Proprietary information. The information and images on this website are provided for your information and on-commercial use only. All copyrights, trademarks, logos, service marks, trade names, or other intellectual property displayed on, or used in conjunction with this website are the property of Loomis Sayles, unless otherwise specified. This information and images may not be copied, reproduced, framed-in, incorporated, modified or transmitted to any other party without the express written consent of Loomis Sayles.

No investment advice or offer. This website is not intended to provide any investment or related advice, and is not intended to serve as an offer to sell any security or any other investment product or service.

Natixis Distributors, L.P. the distributor to both the Natixis Funds and the Loomis Sayles Funds, maintains a business continuity plan designed to minimize disruption in services provided to shareholders and allows for the restoration of critical resources as well as the use of alternate locations should access to our offices become unavailable. These plans identify mission critical processes and provide for their recovery in the event of various types of business interruptions. These plans are continually evaluated and amended as necessary to ensure that the customer impact of any business interruption is minimized.

Loomis Sayles uses the services of third parties (“Proxy Voting Service(s)”), to research and administer the vote on proxies for those accounts and funds for which Loomis Sayles has voting authority. Each Proxy Voting Service has a copy of Loomis Sayles' proxy voting procedures (“Procedures”) and provides vote recommendations and/or analysis to Loomis Sayles based on Loomis Sayles' Procedures and the Proxy Voting Service's own research. Loomis Sayles will generally follow its express policy with input from the Proxy Voting Services unless the Proxy Committee determines that the client's best interests are served by voting otherwise.

All issues presented for shareholder vote will be considered under the oversight of the Proxy Committee. All non-routine issues will be directly considered by the Proxy Committee and, when necessary, the equity analyst, following the company and/or the portfolio manager of an account holding the security, and will be voted in the best investment interests of the client. All routine for and against issues will be voted according to Loomis Sayles' policy approved by the Proxy Committee unless special factors require that they be considered by the Proxy Committee and, when necessary, the equity analyst following the company and/or the portfolio manager of an account holding the security. Loomis Sayles' Proxy Committee has established these routine policies in what it believes are the best investment interests of Loomis Sayles' clients.

The specific responsibilities of the Proxy Committee, include, (1) developing, authorizing, implementing and updating the Procedures, including an annual review of the Procedures, existing voting guidelines and the proxy voting process in general, (2) oversight of the proxy voting process including oversight of the vote on proposals according to the predetermined policies in the voting guidelines, directing the vote on proposals where there is reason not to vote according to the predetermined policies in the voting guidelines or where proposals require special consideration, and consultation with the portfolio managers and analysts for the accounts holding the security when necessary or appropriate and, (3) engagement and oversight of third-party vendors, including Proxy Voting Services.

Loomis Sayles has established several policies to ensure that proxy votes are voted in its clients' best interest and are not affected by any possible conflicts of interest. First, except in certain limited instances, Loomis Sayles votes in accordance with its pre-determined policies set forth in the Procedures. Second, where these Procedures allow for discretion, Loomis Sayles will generally consider the recommendations of the Proxy Voting Services in making its voting decisions. However, if the Proxy Committee determines that the Proxy Voting Services' recommendation is not in the best interest of its clients, then the Proxy Committee may use its discretion to vote against the Proxy Voting Services' recommendation, but only after taking the following steps: (1) conducting a review for any material conflict of interest Loomis Sayles may have and, (2) if any material conflict is found to exist, excluding anyone at Loomis Sayles who is subject to that conflict of interest from participating in the voting decision in any way. However, if deemed necessary or appropriate by the Proxy Committee after full prior disclosure of any conflict, that person may provide information, opinions or recommendations on any proposal to the Proxy Committee. In such event the Proxy Committee will make reasonable efforts to obtain and consider, prior to directing any vote information, opinions or recommendations from or about the opposing position on any proposal.

For more complete information about the Loomis Sayles Funds, including charges and expenses, please click here for a prospectus or write or call Natixis Distributors, L.P., for a free prospectus. Investors should consider a fund's objective, risks and expenses before investing. Please read the prospectus carefully before you invest or send money.