Products February 1, 2013

Natixis Offers Retirement Plans New Share Class

Natixis Global Asset Management (NGAM) is offering “Class N” shares for several Natixis and Loomis Sayles funds.
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Class N shares have a number of distinctive characteristics:  

  • There are no front-end or back-end sales charges; 
  • There are no 12b-1 or service fees and no sub-transfer agency fees; and  
  • There is no minimum initial or subsequent investment amount for these shares.  

    Designed primarily for employer-sponsored retirement plans, Class N shares are not available for purchase by individual investors, traditional or Roth IRAs, retail nonretirement accounts or 529 College Savings Plans.  

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    “NGAM’s new Class N shares are a direct response to frequent requests from sponsors, consultants and platforms seeking lower-cost actively managed funds for their retirement participants,” said Matthew Coldren, executive vice president of the Client Solutions Group at Natixis Global Asset Management – U.S. Distribution. “N shares can impact a retirement participant’s long-term account balances, better positioning them to achieve retirement readiness.”   

    Visit http://www.ngam.natixis.com for more information.

    Products February 1, 2013

    Thornburg Adds R Share Classes for Two Funds

    Thornburg Investment Management Inc. added R share classes for its International Growth Fund (R6) and Developing World Fund (R5 and R6).
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    The shares, to be offered through defined contribution (DC) and defined benefit (DB) pension plans, are being introduced in response to demand by plan sponsors, retirement plan platforms and advisers for lower-cost fund options that charge only an investment advisory fee and other fund expenses, and are free of 12b-1 or other shareholder servicing fees.

    In keeping with last year’s fee disclosure regulations from the Department of Labor (DOL), the R shares will enable plan sponsors to separate mutual fund expenses from their recordkeeping and other service provider fees when determining if fees paid for plan services are reasonable.    

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    “In the wake of increased fee disclosure, we are seeing a growing interest by the market for institutionally priced mutual fund share classes,” said Rocco DiBruno, managing director/retirement group director for Thornburg.“ We expect the demand for low- or no-revenue shares to grow steadily over time, and want to provide plan sponsors and advisers with a number of pricing structures across our suite of mutual funds.”  

    For more information, visit www.thornburginvestments.com or call (877) 215-1330 ext. 7214.

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