EX-99.(H)(2)(II) 4 dex99h2ii.htm SECOND AMENDMENT TO SECURITIES LENDING AUTHORIZATION AGREEMENT Second Amendment to Securities Lending Authorization Agreement

Exhibit (h)(2)(ii)

SECOND AMENDMENT TO

SECURITIES LENDING AUTHORIZATION AGREEMENT

BETWEEN NATIXIS FUNDS TRUST I, NATIXIS FUNDS TRUST II,

NATIXIS FUNDS TRUST III, NATIXIS FUNDS TRUST IV,

NATIXIS CASH MANAGEMENT TRUST,

LOOMIS SAYLES FUNDS I, LOOMIS SAYLES FUNDS II, and HANSBERGER

INTERNATIONAL SERIES,

each on behalf of its respective series listed on Schedule B, severally and not jointly

AND STATE STREET BANK AND TRUST COMPANY

This Second Amendment (this “Amendment”) dated as of February 29, 2008, 2008 is between NATIXIS FUNDS TRUST I (f/k/a IXIS Advisor Funds Trust I), NATIXIS FUNDS TRUST II (f/k/a IXIS Advisor Funds Trust II), NATIXIS FUNDS TRUST III (f/ka IXIS Advisor Funds Trust III), NATIXIS FUNDS TRUST IV (f/k/a IXIS Advisor Funds Trust IV), NATIXIS CASH MANAGEMENT TRUST (f/k/a IXIS Advisor Funds Cash Management Trust), LOOMIS SAYLES FUNDS I, LOOMIS SAYLES FUNDS II, and HANSBERGER INTERNATIONAL SERIES, each on behalf of its respective series listed on Schedule B, severally and not jointly, each a registered management investment company organized and existing under the laws of Massachusetts (collectively, the “Trusts,” and each a “Trust”), and STATE STREET BANK AND TRUST COMPANY, its affiliates or subsidiaries (“State Street”).

Reference is made to a Securities Lending Authorization Agreement dated the 1st day of September, 2005 between the Trusts, other than Hansberger International Series, and State Street, as amended and as in effect on the date hereof prior to giving effect to this Amendment (the “Agreement”).

For value received, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties mutually agree to amend the Agreement as set forth below.

1. Definitions. All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Agreement.

2. Agreement to Add Trust. Each party hereto hereby agrees to the addition of Hansberger International Series, on behalf of its series listed on Schedule B, as amended and attached hereto, as a Trust and as one of the Trusts under the Agreement.

3. Amendments.

(i) Hansberger International Series, on behalf of its series listed on Schedule B, as amended and attached hereto, is hereby added as a Trust and as one of the Trusts under the Agreement.

(ii) Section 13 (Representations and Warranties) is hereby amended by adding the following to the end thereof:

“Each Fund hereby represents to State Street that: (i) its policies and objectives generally permit it to engage in securities lending transactions; (ii) its policies permit it to purchase shares of the State Street Navigator Securities Lending Trust with cash Collateral; (iii) its participation in State Street’s securities lending program, including the investment of cash Collateral in the State Street Navigator Securities Lending Trust, and the existing series thereof has been approved by a majority of the directors or trustees which directors and trustees are not “interested persons” within the meaning of section 2(a)(19) of the Investment Company Act of 1940, and such directors or trustees will evaluate the securities lending program no less frequently than annually to determine that the investment of cash Collateral in the State Street Navigator Securities Lending Trust, including any series thereof, is in the Fund’s best interest; and (iv) its prospectus provides appropriate disclosure concerning its securities lending activity.”

(iii) Schedule A, Schedule A-1, Schedule B and Schedule B-1 to the Agreement are hereby deleted in their entirety and the amended Schedule A, Schedule A-1, Schedule B and Schedule B-1 attached to this Amendment are substituted in their place.

4. Representations and Warranties. Each party hereto represents and warrants that (a) it has the power to execute and deliver this Amendment, to enter into the transactions contemplated hereby, and to perform its obligations hereunder; (b) it has taken all necessary action to authorize such execution, delivery, and performance; (c) this Amendment constitutes a legal, valid and binding obligation enforceable against it; and (d) the execution, delivery, and performance by it of this Amendment will at all times comply with all applicable laws and regulations.

5. Miscellaneous. Except to the extent specifically amended by this Amendment, the provisions of the Agreement shall remain unmodified.

6. Effective Dates. The effective date for the change of the fee split on Schedule A is October 1, 2007. The effective date for the amendment set forth in Section 3(ii) of this Amendment and the change of the investment vehicle to State Street Navigator Securities Lending Prime Portfolio on Schedule A is December 31, 2007. The effective date for Section 2 of this Amendment, the amendment set forth in Section 3(i) of this Amendment and the addition of Hansberger International Series International Core Fund, Hansberger International Series International Growth Fund, Hansberger International Series International Value Fund and Hansberger International Series Emerging Markets Fund to Schedule A-1, Schedule B and

 

Amended January 2008   2 of 2  

Schedule B-1 is January 1, 2008. The effective date for the addition of Loomis Sayles International Bond Fund to Schedule A-1, Schedule B and Schedule B-1 and any other change thereto related to the Loomis Sayles Funds II is February 1, 2008.

 

Amended January 2008   3 of 2  

IN WITNESS WHEREOF, the parties hereto execute this Amendment as an instrument under seal by their duly authorized officers by affixing their signatures below.

 

NATIXIS FUNDS TRUST I, NATIXIS FUNDS TRUST II,
NATIXIS FUNDS TRUST III, NATIXIS FUNDS TRUST IV,
NATIXIS CASH MANAGEMENT TRUST,
LOOMIS SAYLES FUNDS I, LOOMIS SAYLES FUNDS II, HANSBERGER INTERNATIONAL SERIES,
each on behalf of its respective series listed on Schedule B, severally and not jointly
By:  

/s/ Michael Kardok

Name:   Michael Kardok
Title:   Treasurer
STATE STREET BANK AND TRUST COMPANY
By:  

/s/ Suzanne Lee

Name:   Suzanne Lee
Title:   Senior Managing Director

 

Amended January 2008   4 of 2  

Schedule A

This Schedule is attached to and made part of the Securities Lending Authorization Agreement dated the 1st day of September 2005 between NATIXIS FUNDS TRUST I, NATIXIS FUNDS TRUST II, NATIXIS FUNDS TRUST III, NATIXIS FUNDS TRUST IV, NATIXIS CASH MANAGEMENT TRUST, LOOMIS SAYLES FUNDS I, LOOMIS SAYLES FUNDS II, and HANSBERGER INTERNATIONAL SERIES, EACH ON BEHALF OF ITS RESPECTIVE SERIES AS LISTED ON SCHEDULE B, SEVERALLY AND NOT JOINTLY (the “Funds”) and STATE STREET BANK AND TRUST COMPANY (“State Street”), as amended.

Schedule of Fees

1. Subject to Paragraph 2 below, all proceeds collected by State Street on investment of cash Collateral or any fee income shall be allocated, with respect to each Fund, as follows:

 

  •  

Seventy-five percent (75%) payable to each Fund, and

 

  •  

Twenty-five percent (25%) payable to State Street.

2. All payments to be allocated under Paragraph 1 above shall be made after deduction of such other amounts payable to State Street or to the Borrower under the terms of this Securities Lending Authorization Agreement.

3. Each Fund instructs State Street to invest cash Collateral in the State Street Navigator Securities Lending Prime Portfolio (the “Prime Portfolio”). The management fees for investing in the Prime Portfolio are as follows:

On an annualized basis, the management/trustee/custody/fund administration/transfer agent fee for investing cash Collateral in the Prime Portfolio is not more than 5.00 basis points netted out of yield. The trustee may pay out of the assets of the Prime Portfolio all reasonable expenses and fees of the Prime Portfolio, including professional fees or disbursements incurred in connection with the operation of the Prime Portfolio.

 

Amended January 2008   5 of 2  

Schedule A-1

This Schedule is attached to and made part of the Securities Lending Authorization Agreement dated the 1st day of September 2005 between NATIXIS FUNDS TRUST I, NATIXIS FUNDS TRUST II, NATIXIS FUNDS TRUST III, NATIXIS FUNDS TRUST IV, NATIXIS CASH MANAGEMENT TRUST, LOOMIS SAYLES FUNDS I, LOOMIS SAYLES FUNDS II, and HANSBERGER INTERNATIONAL SERIES, EACH ON BEHALF OF ITS RESPECTIVE SERIES AS LISTED ON SCHEDULE B, SEVERALLY AND NOT JOINTLY (the “Funds”) and STATE STREET BANK AND TRUST COMPANY (“State Street”), as amended.

 

FUNDS

  

SECURITIES LOAN LIMITATION

NATIXIS Funds Trust I

  

CGM Advisor Targeted Equity Fund

   33 1/3%

Hansberger International Fund

   33 1/3%

Natixis Income Diversified Portfolio

   33 1/3%

Natixis U.S. Diversified Portfolio

   33 1/3%

Loomis Sayles Core Plus Bond Fund

   33 1/3%

Vaughan Nelson Small Cap Value Fund

   33 1/3%

NATIXIS Funds Trust II

  

Harris Associates Large Cap Value Fund

   33 1/3%

Loomis Sayles Massachusetts Tax Free Income Fund

   33 1/3%

NATIXIS Funds Trust III

  

Harris Associates Focused Value Fund

   33 1/3%

Natixis Moderate Diversified Portfolio

   33 1/3%

NATIXIS Funds Trust IV

  

AEW Real Estate Fund

   33 1/3%

NATIXIS Cash Management Trust

  

Natixis Cash Management Trust - Money Market Series

   33 1/3%

 

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Loomis Sayles Funds I

   

Loomis Sayles Bond Fund

    33 1/3%

Loomis Sayles Fixed Income Fund

    33 1/3%

Loomis Sayles Global Bond Fund

    33 1/3%

Loomis Sayles High Income Opportunities Fund

    33 1/3%

Loomis Sayles Institutional High Income Fund

    33 1/3%

Loomis Sayles Intermediate Duration Fixed Income Fund

    33 1/3%

Loomis Sayles Investment Grade Fixed Income Fund

    33 1/3%

Loomis Sayles Inflation Protected Securities Fund

    33 1/3%

Loomis Sayles Securitized Asset Fund

    33 1/3%

Loomis Sayles Small Cap Value Fund

    33 1/3%

 

Loomis Sayles Funds II

   

Loomis Sayles High Income Fund

    33 1/3%

Loomis Sayles Limited Term Government and Agency Fund

    33 1/3%

Loomis Sayles Municipal Income Fund

    33 1/3%

Loomis Sayles Strategic Income Fund

    33 1/3%

Loomis Sayles Investment Grade Bond Fund

    33 1/3%

Loomis Sayles Growth Fund

    33 1/3%

Loomis Sayles Research Fund

    33 1/3%

Loomis Sayles Mid Cap Growth Fund

    33 1/3%

Loomis Sayles Small Cap Growth Fund

    33 1/3%

Loomis Sayles Value Fund

    33 1/3%

Loomis Sayles Global Markets Fund

    33 1/3%

Loomis Sayles Tax-Managed Equity Fund

    33 1/3%

Loomis Sayles International Bond Fund

    33 1/3%

 

Hansberger International Series

   

International Core Fund

    33 1/3%

International Growth Fund

    33 1/3%

International Value Fund

    33 1/3%

Emerging Markets Fund

    33 1/3%

 

Amended January 2008   2 of 2  

Schedule B

This Schedule is attached to and made part of the Securities Lending Authorization Agreement dated the 1st day of September 2005 between NATIXIS FUNDS TRUST I, NATIXIS FUNDS TRUST II, NATIXIS FUNDS TRUST III, NATIXIS FUNDS TRUST IV, NATIXIS CASH MANAGEMENT TRUST, LOOMIS SAYLES FUNDS I, LOOMIS SAYLES FUNDS II and HANSBERGER INTERNATIONAL SERIES, EACH ON BEHALF OF ITS RESPECTIVE SERIES AS LISTED ON SCHEDULE B, SEVERALLY AND NOT JOINTLY (the “Funds”) and STATE STREET BANK AND TRUST COMPANY (“State Street”), as amended.

 

Fund Name

  

Taxpayer ID Number

  

Tax Year-End

Natixis Funds Trust I    

CGM Advisor Targeted Equity Fund

   04-2443453   December 31st

Hansberger International Fund

   04-3293754   December 31st

Natixis Income Diversified Portfolio

   13-4309972   December 31st

Natixis U.S. Diversified Portfolio

   04-3231674   December 31st

Loomis Sayles Core Plus Bond Fund

   04-2519841   September 30th

Vaughan Nelson Small Cap Value Fund

   04-3331744   December 31st
Natixis Funds Trust II    

Harris Associates Large Cap Value Fund

   04-1990692   December 31st

Loomis Sayles Massachusetts Tax Free Income Fund

   04-6502765   September 30th
Natixis Funds Trust III    

Harris Associates Focused Value Fund

   04-3543882   December 31st

Natixis Moderate Diversified Portfolio

   76-0759073   December 31st
Natixis Funds Trust IV    

AEW Real Estate Fund

   04-3510288   January 31st
Natixis Cash Management Trust    

Natixis Cash Management Trust – Money Market Series

   04-6447044   June 30th

 

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Loomis Sayles Funds I    

Loomis Sayles Bond Fund

   04-3113274   September 30th

Loomis Sayles Fixed Income Fund

   04-3219175   September 30th

Loomis Sayles Global Bond Fund

   04-3113281   September 30th

Loomis Sayles High Income Opportunities Fund

   65-1214747   September 30th

Loomis Sayles Institutional High Income Fund

   04-3362512   September 30th

Loomis Sayles Intermediate Duration Fixed Income Fund

   04-3448648   September 30th

Loomis Sayles Investment Grade Fixed Income Fund

   04-3219179   September 30th

Loomis Sayles Inflation Protected Securities Fund

   04-3113271   September 30th

Loomis Sayles Securitized Asset Fund

   51-0544654   September 30th

Loomis Sayles Small Cap Value Fund

   04-3113283   September 30th
Loomis Sayles Funds II    

Loomis Sayles High Income Fund

   04-2814890   September 30th

Loomis Sayles Limited Term Government and Agency Fund

   04-6610760   September 30th

Loomis Sayles Municipal Income Fund

   04-2603057   September 30th

Loomis Sayles Strategic Income Fund

   04-3268670   September 30th

Loomis Sayles Investment Grade Bond Fund

   04-3339561   September 30th

Loomis Sayles Growth Fund

   04-3113270   September 30th

Loomis Sayles Research Fund

   04-3520219   September 30th

Loomis Sayles Mid Cap Growth Fund

   04-3339593   September 30th

Loomis Sayles Small Cap Growth Fund

   04-3339616   September 30th

Loomis Sayles Value Fund

   04-3113285   September 30th

Loomis Sayles Global Markets Fund

   04-3308834   September 30th

Loomis Sayles Tax-Managed Equity Fund

   04-3284782   September 30th

Loomis Sayles International Bond Fund

   36-4623763   September 30th
Hansberger International Series    

International Core Fund

   65-0696324   December 31st

International Growth Fund

   65-0696325   December 31st

International Value Fund

   65-0696327   December 31st

Emerging Markets Fund

   65-0694331   December 31st

 

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Schedule B-1

This Schedule is attached to and made part of the Securities Lending Authorization Agreement dated the 1st day of September 2005 between NATIXIS FUNDS TRUST I, NATIXIS FUNDS TRUST II, NATIXIS FUNDS TRUST III, NATIXIS FUNDS TRUST IV, NATIXIS FUNDS CASH MANAGEMENT TRUST, LOOMIS SAYLES FUNDS I, LOOMIS SAYLES FUNDS II and HANSBERGER INTERNATIONAL SERIES, EACH ON BEHALF OF ITS RESPECTIVE SERIES AS LISTED ON SCHEDULE B, SEVERALLY AND NOT JOINTLY (the “Funds”) and STATE STREET BANK AND TRUST COMPANY (“State Street”), as amended.

 

FUNDS

  

EFFECTIVE DATE OF AGREEMENT

Natixis Funds Trust I

  

CGM Advisor Targeted Equity Fund

   September 1, 2005

Hansberger International Fund

   September 1, 2005

Natixis Income Diversified Portfolio

   December 20, 2005

Natixis U.S. Diversified Portfolio

   September 1, 2005

Loomis Sayles Core Plus Bond Fund

   October 1, 2005

Vaughan Nelson Small Cap Value Fund

   September 1, 2005

Natixis Funds Trust II

  

Harris Associates Large Cap Value Fund

   September 1, 2005

Loomis Sayles Massachusetts Tax Free Income Fund

   October 1, 2005
Natixis Funds Trust III  

Harris Associates Focused Value Fund

   September 1, 2005

Natixis Moderate Diversified Portfolio

   September 1, 2005
Natixis Funds Trust IV  

AEW Real Estate Fund

   September 1, 2005
Natixis Cash Management Trust  

Natixis Cash Management Trust - Money Market Series

   September 1, 2005

 

  3 of 2  

Loomis Sayles Funds I

  

Loomis Sayles Bond Fund

   September 1, 2005

Loomis Sayles Fixed Income Fund

   September 1, 2005

Loomis Sayles Global Bond Fund

   September 1, 2005

Loomis Sayles High Income Opportunities Fund

   September 1, 2005

Loomis Sayles Institutional High Income Fund

   September 1, 2005

Loomis Sayles Intermediate Duration Fixed Income Fund

   September 1, 2005

Loomis Sayles Investment Grade Fixed Income Fund

   September 1, 2005

Loomis Sayles Inflation Protected Securities Fund

   September 1, 2005

Loomis Sayles Securitized Asset Fund

   September 1, 2005

Loomis Sayles Small Cap Value Fund

   September 1, 2005

Loomis Sayles Funds II

  

Loomis Sayles High Income Fund

   October 1, 2005

Loomis Sayles Limited Term Government and Agency Fund

   October 1, 2005

Loomis Sayles Municipal Income Fund

   October 1, 2005

Loomis Sayles Strategic Income Fund

   October 1, 2005

Loomis Sayles Investment Grade Bond Fund

   September 1, 2005

Loomis Sayles Growth Fund

   September 1, 2005

Loomis Sayles Research Fund

   September 1, 2005

Loomis Sayles Mid Cap Growth Fund

   September 1, 2005

Loomis Sayles Small Cap Growth Fund

   September 1, 2005

Loomis Sayles Value Fund

   September 1, 2005

Loomis Sayles Global Markets Fund

   September 1, 2005

Loomis Sayles Tax-Managed Equity Fund

   September 1, 2005

Loomis Sayles International Bond Fund

   February 1, 2008

Hansberger International Series

  

International Core Fund

   January 1, 2008

International Growth Fund

   January 1, 2008

International Value Fund

   January 1, 2008

Emerging Markets Fund

   January 1, 2008

 

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