Closure of the Natixis Loomis Sayles Multisector Income Fund
We have been notified by the directors of Natixis International Funds (Dublin) I PLC (the “Company”) of their intention to close the Natixis Loomis Sayles Multisector Income Fund (the “Closing Fund”) by way of merger. The fund features in our RL360 guided fund range.
- Natixis Loomis Sayles Multisector Income RE/A USD
The Company are closing the Closing Fund by way of merger (the Fund Merger") into Loomis Sayles Multisector Income Fund (the “Receiving Fund”), a sub-fund of Natixis International Funds (Lux) I SICAV (the “Receiving Fund Umbrella”).
We do not feature the Receiving Fund, or the Receiving Fund's Umbrella in our RL360 guided fund range, so we are removing the Closing Fund from the range just ahead of the Fund Merger and switching plans into an alternative receiving fund in the existing fund range.
How this impacts RL360 unit-linked plans
The Company will be suspending the Closing Fund to all subscriptions and redemptions from 5 June 2026 in preparation for the Fund Merger, therefore, on 4 June 2026 (the “Switch Date”) unit-linked holdings in the Closing Fund will be automatically switched (and any regular payment allocation redirected where applicable) into our alternative fund, Jupiter Dynamic Bond L Acc Hgd (the “Alternative Receiving Fund”).
Details of the Closing Fund and the Alternative Receiving Fund we will switch plan owners into can be found in the Appendix in the Sample Letters opposite.
With immediate effect, the Closing Fund is no longer available for new business investment and switches in. However, existing investors continue to invest in the fund until we switch them.
Plan owners do not need to do anything if they are happy with our choice of Alternative Receiving Fund. However, if they would prefer to switch (and redirect any regular premium allocation if applicable) to a different fund, it is very easy to do. Should they wish to override the switch, and any premium redirection, to the Alternative Receiving Fund we must receive switch instructions by 12noon (UK time) on 3 June 2026.
Impacted plan owners, or their appointed investment advisers have been contacted either by e-shot, or by letter if no valid email address is available. Servicing agents have also been informed. Full details of the above notification can be found in the sample letters opposite.