LAST UPDATED: 31 January 2018

PLEASE READ THE FOLLOWING TERMS OF USE CAREFULLY BEFORE CONTINUING. DO NOT ACCESS OR USE THIS WEBSITE IF YOU DO NOT AGREE TO THESE TERMS OF USE.

Table of Contents:

  1. About Us and the Websites
  2. About the Terms of Use
  3. Country Sites
    1. Australia
    2. Canada
    3. France
    4. Germany
    5. Hong Kong
    6. Italy
    7. Japan
    8. Singapore
    9. Switzerland
    10. United Kingdom
    11. United States
    12. US Offshore
    13. Other Countries
  4. Access to the Site and Changes to It
  5. Our Intellectual Property Rights
  6. No Advice/No Offer
  7. No Liability
  8. No Liability for Third Party Content
  9. About your Data
  10. Governing Law and Jurisdiction

1. About Us and the Websites
The umbrella name Natixis Investment Managers consists of, Natixis Investment Managers, L.P., Natixis Distribution, L.P., Natixis Advisors, L.P., Natixis Investment Managers S.A., and Natixis Investment Managers S.A.'s business development units across the globe, including (but not limited to) Natixis Investment Managers UK Limited and Natixis Investment Managers Canada LP, each of which is an affiliate of Natixis Investment Managers, the French holding company, where the affiliated investment managers and distribution companies are each an affiliate of Natixis Investment Managers, the French holding company (hereinafter collectively referred to as "Natixis Investment Managers" or "we" or "us", unless otherwise specified).

Our websites may include combined information provided by the abovementioned entities, but each entity is solely responsible for the information it provides to the websites and for the information contained in the areas of the website(s) that are specific to each Natixis Investment Managers entity, as further detailed below in the section "Country Sites".

Our websites (each individually referred to as a "Site") are made available free of charge.

References to the "Site" should be understood as referencing the relevant Country Site, as applicable. The obligations of each Natixis Investment Managers entity are determined based on applicable local laws and regulations, as well as the services or products provided by the relevant Natixis Investment Managers entity. Please refer to the relevant Country Site below for more information.

2. About the Terms of Use
Before you start to use one of our websites, please read the following terms of use (the "Terms of Use") carefully. The Terms of Use inform you of the terms on which you may make use of the Site and explain certain legal and regulatory restrictions applicable to any investment in the Natixis Investment Managers range of products and services described on (or accessible via) that Site.

By using the Site you confirm that you accept these Terms of Use and agree to comply with them. If you do not agree to these Terms of Use, please do not access or use the Site. We may make changes to these Terms of Use from time to time, for example to comply with new or updated laws or regulations. If these Terms of Use are updated, the new version will come into force, and will be enforceable, from the day it's uploaded to the relevant Site. We therefore suggest that you read these Terms of Use each time you visit the Site. These Terms of Use refer to the following additional terms, which also apply to your use of the Site:

  • Our Privacy Statement, which describes how we process any personal data we collect from you, or that you provide to us.
  • Our Cookie Policy, which explains our use of cookies.
The terms, conditions, and restrictions noted within the Site, including the provisions under these Terms of Use for this Site, represent the entire agreement between you and Natixis Investment Managers relating to your use of this Site. If you have or enter into a contract with us for financial services or products, please note that separate terms and conditions will apply. If you have any questions relating to these Terms of Use then please contact us at GA-COMPLREV@natixis.com.

3. Country Sites
The Site is not directed to any person in any jurisdiction where, by reason of that person's nationality, residence or otherwise, the publication or availability of this Site is prohibited. Persons in respect of whom such prohibitions apply must not access the Site. This Site and the content therein is for informational purposes only and should not be construed as solicitation, advice, offer or a recommendation for any fund, security, or service in any jurisdiction where such offer, solicitation or recommendation would be unlawful or unauthorized.

By accessing this Site you agree to comply with all applicable local rules with respect to your online conduct and use of this Site, including all laws, rules, codes, and regulations of the country in which you reside and the country from which you access this Site, including without limitation, all laws, rules, codes, regulations, decrees, acts, orders, directives, legislation, bills, and statutes pertaining to tax, contracts, intellectual property, securities, e-commerce, banking, technology, computers, fraud, and privacy.

a. Australia

The Australia Site is issued by Natixis Investment Managers Australia Pty Limited (ABN 60 088 786 289), an Australian proprietary limited company authorized and regulated by the Australia Securities & Investments Commission (ASIC) pursuant to an Australian Financial Services Licence (no. 246830). Natixis Investment Managers Australia provides financial services to wholesale clients only, as defined by the Corporations Act 2001 (Cth) and should not be relied upon by retail investors. The Australia Site is directed at persons resident in Australia or at those persons who are otherwise authorized to access these pages. Persons not meeting either of these qualifications should not access the Australia Site.

The Australia Site may include information provided by other Natixis Investment Managers entities as well; however, each entity is solely responsible for the information it provides to the Australia Site. The material within the Australia Site is for general information only and does not take into account your personal objectives, financial situation or needs. You should consider, with your professional adviser, whether the information is suitable for your circumstances.

b. Canada

The Canada Site is issued by Natixis Investment Managers Canada L.P., an Ontario private limited partnership. The Canada Site may include information provided by other Natixis Investment Managers entities as well; however, each entity is solely responsible for the information it provides to the Canada Site. The Canada Site is intended for dealer use only. Please note that use of the Canada Site is subject to separate terms of use. Please see the Canada Site for further information.

c. France

The France Site is issued by Natixis Investment Managers Distribution, the French branch office of Natixis Investment Managers S.A., a Société Anonyme formed under Luxembourg law, authorized and regulated by the Luxembourg Commission de Surveillance du Secteur Financier as a Management Company as well as an Alternative Investment Funds Manager. Natixis Investment Managers S.A. is a subsidiary of Natixis Investment Managers. The France Site may include information provided by other Natixis Investment Managers entities as well; however, each entity is solely responsible for the information it provides to the France Site.

d. Germany

The Germany Site is issued by Natixis Investment Managers S.A. Zweigniederlassung Deutschland, the German branch office of Natixis Investment Managers S.A., a Société Anonyme formed under Luxembourg law, authorized and regulated by the Luxembourg Commission de Surveillance du Secteur Financier as a Management Company as well as an Alternative Investment Funds Manager. Natixis Investment Managers S.A.is a subsidiary of Natixis Investment Managers. The Germany Site is directed at persons resident in Germany or at those persons who are otherwise authorized to access these pages. Persons not meeting either of these qualifications should not access the Germany Site. The Germany Site may include information provided by other Natixis Investment Managers entities as well; however, each entity is solely responsible for the information it provides to the Germany Site.

e. Hong Kong

The Hong Kong Site is issued by Natixis Investment Managers Hong Kong Limited, a limited liability company authorized and regulated by the Hong Kong Securities and Futures Commission pursuant to a Type 1 license (CE no: AZR307). The Hong Kong Site is directed at persons resident in Hong Kong or at those persons who are otherwise authorized to access these pages. Persons not meeting either of these qualifications should not access the Hong Kong Site. The Hong Kong Site may include information provided by other Natixis Investment Managers entities as well; however, each entity is solely responsible for the information it provides to the Hong Kong Site. The information on the Hong Kong Site is provided for Hong Kong residents, for reference only.

f. Italy

The Italy Site is issued by Natixis Investment Managers S.A., Succursale Italiana, the Italian branch office of Natixis Investment Managers S.A., a Société Anonyme formed under Luxembourg law, authorized and regulated by the Luxembourg Commission de Surveillance du Secteur Financier as a Management Company as well as an Alternative Investment Funds Manager. Natixis Investment Managers S.A.is a subsidiary of Natixis Investment Managers. The Italy Site may include information provided by other Natixis Investment Managers entities as well; however, each entity is solely responsible for the information it provides to the Italy Site.

g. Japan

The Japan Site is issued by Natixis Investment Managers Japan Co., Ltd., a limited liability company formed under the laws of Japan, authorized and regulated by the Japan Financial Services Agency (FSA) and the Kanto Local Finance Bureau (KLFB) pursuant to an investment advisory license. The Japan Site may include information provided by other Natixis Investment Managers entities as well; however, each entity is solely responsible for the information it provides to the Japan Site.

h. Singapore

The Singapore Site is issued by Natixis Investment Managers Singapore, a division of Natixis Asset Management Asia, Ltd., and is authorized and regulated by the Monetary Authority of Singapore (MAS) pursuant to a Capital Markets Service License. The Singapore Site may include information provided by other Natixis Investment Managers entities as well; however, each entity is solely responsible for the information it provides to the Singapore Site.

i. Switzerland

The Switzerland Site is issued by Natixis Investment Managers Switzerland, S. à. r. l., a Swiss limited liability company (société a responsabilité limitée) authorized and regulated by the Swiss Financial Markets Supervisory Authority (FINMA) to act as a distributor of collective investment schemes pursuant to Art. 13 para. 1 CISA. In respect of the funds distributed in Switzerland, the place of performance and jurisdiction is the registered office of the representative in Switzerland. The representative and paying agent in Switzerland of the funds registered with FINMA for distribution in or from Switzerland is RBC Investor Services Bank S.A., Esch-sur-Alzette, Zurich Branch, Badenerstrasse 567, P.O. Box 1292, 8048 Zurich, Switzerland. The Switzerland Site may include information provided by other Natixis Investment Managers entities as well; however, each entity is solely responsible for the information it provides to the Switzerland Site.

j. United Kingdom

The UK Site is issued by Natixis Investment Managers UK Limited, a private limited company formed under the laws of England and authorised and regulated by the UK Financial Conduct Authority under registration number 190258. The UK Site may include information provided by other Natixis Investment Managers entities as well; however, each entity is solely responsible for the information it provides to the UK Site. The UK Site is directed at persons resident in the United Kingdom or at those persons who are otherwise authorized to access these pages. Persons not meeting either of these qualifications should not access the UK Site.

The Terms and Conditions of the UK Site and any information on the UK Site are governed by the laws of England and Wales. Any claim related to any dispute arising as a result of the UK Site shall be made before the courts of England and Wales. With respect to the UK Site, we do not exclude or limit our liability for death or personal injury arising from our negligence, or for our fraud or fraudulent misrepresentation, or for any other liability that cannot be excluded or limited by applicable laws and regulations. In particular, we do not exclude our duties and liabilities under financial markets regulations or rules which may apply to us (including, but not limited to, the Financial Services and Markets Act 2000 and any FCA conduct of business rules in the UK).

k. United States

The US Site is issued by Natixis Distribution, L.P., a US limited purpose broker-dealer and a U.S. NFA introducing broker. In the US, investment products and services are offered through Natixis Distribution, L.P. and Natixis Investment Managers Advisors, L.P. with primary offices located at 888 Boylston Street, Boston, MA 02199.

Natixis Distribution, L.P. acts as a solicitation agent for some of its affiliates, serves as the US distributor of the Natixis Funds and Loomis Sayles Funds, and is the US marketing agent of The Oakmark Funds (distributed by Harris Associates Securities L.P.). Natixis Advisors, L.P. is a US investment adviser registered with the Securities and Exchange Commission under SEC#801-48408. Managed Portfolio Advisors® and Active Index Advisors® are each a division of Natixis Advisors, L.P. Each of Natixis Distribution, L.P. as well as its affiliate, Natixis Advisors, L.P., is a subsidiary of Natixis Investment Managers, L.P., a US bank holding company. Natixis Investment Managers, L.P. is a subsidiary of. Natixis Investment Managers, a privately held French bank holding company organized in the form of a public limited company ("société anonyme") with registered no. 453 952 681 on the Paris company register.

Natixis Distribution, L.P. is the owner of all intellectual property rights in the U.S. Site and the material published on it, including, among other things, all trademarks, trade names, copyright works, designs, invention, whether they are registered or not. Please note that use of the US Site is subject to separate terms of use. Please see the US Site for further information.

l. US Offshore

The US Offshore Site is issued by Natixis Distribution, L.P., a US limited purpose broker-dealer. The US Offshore Site is intended for use only by US financial advisors with non-US clients, as defined by FINRA (in its conduct rules and interpretive materials) and the Investment Advisers Act of 1940, as amended. In the US, investment products and services are offered through Natixis Distribution, L.P. and Natixis Advisors, L.P. with primary offices located at 888 Boylston Street, Boston, MA 02199.

Natixis Distribution, L.P. acts as a solicitation agent for some of its affiliates, serves as the U.S. distributor of the Natixis Funds and Loomis Sayles Funds, and is the US marketing agent of The Oakmark Funds (distributed by Harris Associates Securities L.P.). Natixis Advisors, L.P. is a US investment adviser registered with the Securities and Exchange Commission under SEC#801-48408. Managed Portfolio Advisors® and Active Index Advisors® are each a division of Natixis Advisors, L.P. Each of Natixis Distribution, L.P. as well as its affiliate, Natixis Advisors, L.P., is a subsidiary of Natixis Investment Managers, L.P., a US bank holding company. Natixis Investment Managers, L.P. is a subsidiary of Natixis Investment Managers, a privately held French bank holding company organized in the form of a public limited company ("société anonyme") with registered no. 453 952 681 on the Paris company register.

Natixis Distribution, L.P. is the owner of all intellectual property rights in the US Offshore Site and the material published on it, including, among other things, all trademarks, trade names, copyright works, designs, invention, whether they are registered or not. Please note that use of the US Offshore Site is subject to separate terms of use. Please see the US Offshore Site for further information.

m. Other Countries

Our Global Investor Site is issued by Natixis Investment Managers S.A., a Société Anonyme formed under Luxembourg law and regulated by the Luxembourg Commission de Surveillance du Secteur Financier. Natixis Investment Managers S.A. is a subsidiary of Natixis Investment Managers, a privately held French bank holding company organized in the form of a public limited company ("société anonyme”) with registered no. 453 952 681 on the Paris company register.

Natixis Investment Managers is not regulated by the Autorité des Marchés Financiers (a French independent public authority tasked with investor protection). However, certain of its affiliates may be regulated by the Autorité des Marchés Financiers or other market regulatory authorities because of their own business activity. Natixis Investment Managers’ legal representative is Mr. Jean Raby. Natixis Investment Managers is headquartered at 21 quai d’Austerlitz - 75 634 Paris Cedex 13 – France. SIRET: 453 952 681 00022. EU VAT no.: FR74 453 952 681.

Please refer directly to the relevant Country Site for additional information about the corresponding local Natixis Investment Managers entity, branch or office (the “Local Office(s)”) and the types of products and services that may be available locally to certain types of investors through such Local Office.

4. Access to the Site and Changes to It
The information provided on this Site is not intended for access or use by any person or entity in any jurisdiction or country where such access or use would be contrary to law or regulation or which would subject Natixis Investment Managers, its affiliates, or its products to any registration requirement within such jurisdiction or country. We may update the information on the Site from time to time as required under applicable laws. We may update or remove certain information from time to time for business reasons, for example because the subject matter is no longer relevant. All content on this Site is presented only as of the date published or indicated and may be superseded by subsequent market events or other circumstances. You are responsible for refreshing your screen or setting the cache settings on your Internet browser to ensure you are viewing the most current content.

Because this Site is for information purposes only, and is provided free of charge, access to it is not permanent or guaranteed, and where access is restricted, we will ensure that any communications required under applicable laws are made to the necessary parties by other means. We may terminate your access to the site for any reason or no reason without prior notice. We may withdraw or remove what we provide on the Site, or we may close it, for business reasons. From time to time, we may restrict or suspend access to some parts of our Site, or the entire Site, for example for maintenance purposes.

This Site is generally intended to be viewed by a conventional web browser, such as Internet Explorer or Google Chrome. Although you may use other means to access this Site, be aware that this Site may not appear accurately through other access methods, and you use them only at your own risk.

Certain parts of this Site may be protected by passwords or require a login. You are responsible for maintaining the confidentiality of any user names, passwords, security questions and answers. You understand that you are solely responsible for all electronically transmitted requests and you agree that we shall not be under a duty to inquire as to the authority or propriety of any instructions given to us using your passwords or other security data and that we shall be entitled to act upon any such instructions. We will not be liable for any loss, cost, expense or other liability arising out of any such instructions. It is your responsibility to notify us immediately of any: (i) unauthorized use of your passwords and other security data and (ii) discrepancy in your account.

5. Our Intellectual Property Rights
Unless otherwise specified directly within the relevant "Country Site", Natixis Investment Managers S.A. is the owner of all intellectual property rights in the Site and the material published on it, including, among other things, all trademarks, trade names, copyright works, designs, invention, whether they are registered or not. These works are protected by, among other things, copyright laws and treaties around the world. We reserve all such rights. Except as expressly provided in these Terms of Use, we do not grant any express or implied rights to you and you agree not to directly or indirectly attempt to register, challenge or contest the validity of our respective ownership of our intellectual property or to assist any third party in doing so. We grant you a personal, revocable, non-transferable, non-exclusive license to use this Site and this grant is conditioned upon your continued compliance with these Terms of Use. You may not alter, redistribute, copy, upload, reproduce, transmit or commercially exploit any content on this Site. You are allowed however to download content for your own personal and non-commercial use, but any use of this Site or content from this Site for public or commercial purposes is strictly prohibited.

If you have any questions about these intellectual property rights or would like to obtain permission to use any content beyond the uses permitted in these Terms of Use, please contact us at IP-Legal@natixis.com. Any unauthorized use of this Site or the content will terminate the limited permissions granted to you under these Terms of Use and may violate applicable laws, rules and regulations, including, but not limited to copyright law, trademark law, and commercial regulations and statutes.

6. No Advice/No Offer
This Site is not intended to provide you with investment, tax, insurance or legal advice. The content of the Site is for informational purposes only and nothing on this Site constitutes a solicitation, advice, or an offer or a recommendation to buy any investment, securities, funds, security, products or in any jurisdiction where such offer, solicitation or recommendation would be unlawful or unauthorized.

Certain tools may be made available to you via this Site to provide you with general guidance and these tools have been deemed by applicable regulators to provide general guidance only. You use these tools at your own risk and accept that it is your own decision whether any product, security or services is appropriate or suitable for you or your customer. We recommend that you obtain independent professional or specialist advice before making any decision or taking (or refraining from) any action (including, among other things, to purchase a financial product or service, enter a contract for the same, or make any decision after you have entered such a contract).

7. No Liability
These Terms of Use exclude or limit our legal liability for the Site, as far as applicable laws and regulations permit us to do so, and except as otherwise described above under "Country Sites". Please take the time to read them carefully. We do not exclude or limit any of our liability that cannot be excluded or limited by applicable laws and regulations.

Although we have made reasonable efforts to ensure that the information contained within this Site is accurate, we make no representation or warranty, expressed or implied, that the information is accurate or complete. This Site is provided "as is", "as available" and "with all faults." We do not warrant that this Site will meet your needs and make no guarantee that we will update this Site. You agree to assume the entire risk as to your use of this Site. Furthermore, we assume no responsibility for, and make no representations or warranties tied to the functions of this Site and make no guarantee that this Site will be error free, uninterrupted, that defects will be corrected or that it is free of viruses or other harmful components.

Neither we nor any of our affiliates nor their respective officers, directors, trustees, employees and agents will be liable to you for any loss or damage whatsoever and however it arises as a result of your use of or reliance on any information on our Site, or for your inability to access or use the Site for any period of time.

PLEASE NOTE: You represent and warrant to us that you will not use this Site for any purpose that is unlawful or prohibited under the Terms of Use. As a condition of your use of this Site, you also agree to be responsible for all losses arising from your use of our Site or from your violation of these Terms of Use.

8. No liability for Third Party Content
This Site may contain links or references to third party content or websites which may include, but are not limited to, social media sites. These links are provided for your information only, and do not amount to a recommendation or endorsement by us of that third party or its website. Please note that we have no control over the content of a third party website, and we have not verified the accuracy of any content on such third party website. Accordingly, we are not liable for the content or availability (or lack of availability) of such third party websites.

These third parties are not affiliated with us and do not sponsor, endorse or participate in the provision of any of our services, funds or other financial products. To the extent that any index information is found on this Site, such information is derived from third parties and is provided on an "as is" basis. You assume the entire risk of use of such information. We and each of the third party entities involved in compiling, computing or creating index information, disclaim all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to such information.

We do not endorse such sites or the content on such sites and are not responsible for the condition of the sites or content that is posted on such sites, except to the extent that we specifically take ownership of such postings (e.g., where we actively participate in social media).

9. About your Data
Accessing the Site will create what is technically known as a "Cookie". A cookie is a small amount of data which is transferred to your browser by a web server. For full information on how we use Cookies on our Site, please read our Cookie Policy.

In order to access certain features of this Site, you may be required to provide information about yourself including, but not limited to, your email address. You agree that any information that you give to Natixis Investment Managers will always be accurate, correct and up to date. We expressly reserve the right to monitor any and all of your use of this Site as permitted under applicable laws and regulations. For further information about how and why we may process your personal data, please read our Privacy Statement. You may also contact GA-COMPLREV@natixis.com for additional information about this subject matter.

10. Governing Law and Jurisdiction
Except as stated above under the section "Country Sites", and unless your relationship with the relevant Natixis Investment Managers entity is otherwise governed by a local law (in which case the respective local law and jurisdiction will prevail and become directly applicable to these Terms of Use), these Terms of Use are governed by the laws of the Commonwealth of Massachusetts (except for conflict of law provisions). Any claim related to any dispute arising as a result of this Site or under these Terms of Use shall be made before a court of competent jurisdiction located in the Commonwealth of Massachusetts, unless expressly prohibited by applicable local law. If any provision of these Terms of Use is held to be unlawful, void, or unenforceable, then that provision will be deemed severable from these Terms of Use and this will not impair, limit or affect the validity, legality, and enforceability of the remaining provisions.

Publications Director: Jean Raby, CEO
Email: website.contact@natixis.com
2684