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.
“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.
« Thornburg Adds R Share Classes for Two Funds