NATIXIS AM Funds

Société d'Investissement à Capital Variable organised under the laws of the Grand Duchy of Luxembourg

Unaudited semi-annual report as at December 31, 2017

R.C.S. Luxembourg B 177 509 NATIXIS AM Funds

Table of Contents

Management and Administration 3

Combined statement of net assets 4

NATIXIS AM Funds - Natixis Euro Bonds Opportunities 12 Months 6 NATIXIS AM Funds - Natixis Euro Short Term Credit 10 NATIXIS AM Funds - Natixis Euro Credit 18 NATIXIS AM Funds - Natixis Euro Inflation 24 NATIXIS AM Funds - Natixis Euro Aggregate 28 NATIXIS AM Funds - Natixis Global Aggregate 36 NATIXIS AM Funds - Natixis Credit Opportunities 42 NATIXIS AM Funds - Natixis Global Bonds Enhanced Beta 48 NATIXIS AM Funds - Natixis Global Convertible Bonds 53 NATIXIS AM Funds - Natixis Multi Asset Global Income 59 NATIXIS AM Funds - Natixis Global Currency 66 NATIXIS AM Funds - H2O Lux MultiBonds 69 NATIXIS AM Funds - H2O Lux Allegro 72 NATIXIS AM Funds - Natixis Euro Value Equity 75 NATIXIS AM Funds - Natixis Food & Consumer Equities 79 NATIXIS AM Funds - Natixis Conservative Risk Parity 82 NATIXIS AM Funds - Seeyond Multi Asset Conservative Growth Fund 86 NATIXIS AM Funds - Seeyond Multi Asset Diversified Growth Fund 90 NATIXIS AM Funds - Seeyond Equity Factor Investing Europe 94 NATIXIS AM Funds - Seeyond Europe Market Neutral 101 NATIXIS AM Funds - Seeyond Europe Minvariance 107 NATIXIS AM Funds - Seeyond Global Minvariance 113 NATIXIS AM Funds - Seeyond Equity Volatility Strategies 119 NATIXIS AM Funds - Natixis Global Emerging Bonds 123 NATIXIS AM Funds - Emerise Global Emerging Equity 130

General information 135

No subscription can be received on the basis of this financial report. Subscriptions are only valid if made on the basis of the current Prospectus supplemented by the latest annual report and the latest semi-annual report if published thereafter.

Page 2 NATIXIS AM Funds

Management and Administration

REGISTERED OFFICE 5, Allée Scheffer L-2520 Luxembourg

MANAGEMENT COMPANY Natixis Asset Management 21 quai d’Austerlitz 75013 Paris France

BOARD OF DIRECTORS OF THE SICAV Chairman Natixis Asset Management Represented by Jean-Christophe Morandeau, « Directeur juridique, Contrôles Permanents et Risques» of Natixis Asset Management

Directors Natixis Bank Represented by Eric Théron, « Directeur Général » of Natixis Bank

Natixis Life Represented by Frédéric Lipka, « Directeur Général » of Natixis Life

DELEGATED INVESTMENT MANAGERS Natixis Asset Management Asia Limited (for the sub-fund: Emerise Global Emerging Equity) 1 Robinson Road, #20-02 AIA Tower Singapore 048542

H2O Asset Management LLP (for the sub-funds: H2O Lux MultiBonds and H2O Lux Allegro) 10 Old Burlington Street London W1S 3AG - United Kingdom

Seeyond (since January 1st, 2018) 21 Quai d’Austerlitz 75013 Paris - France

DEPOSITARY BANK CACEIS Bank, Luxembourg Branch 5, Allée Scheffer L-2520 Luxembourg

ADMINISTRATIVE AGENT, PAYING AGENT, CACEIS Bank, Luxembourg Branch LISTING AGENT, DOMICILIARY, CORPORATE 5, Allée Scheffer AGENT, REGISTRAR AND TRANSFER AGENT L-2520 Luxembourg

AUDITOR (Cabinet de Révision Agréé) KPMG Luxembourg, Société Coopérative 39, Avenue John F. Kennedy L-1855 Luxembourg

Page 3 Natixis AM Funds Combined statements

Page 4 Natixis AM Funds Combined statements Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 5,657,109,372.66 Securities portfolio at market value 5,122,808,905.10 Cost price 5,010,517,892.97 Unrealised profit on the securities portfolio 112,291,012.13 Options purchased at market value 7,230,278.26 Options purchased at cost 12,313,431.83 Cash at banks and liquidities 446,060,914.75 Time deposits 327,499.98 Interest receivable 36,142,437.65 Brokers receivable 4,408,661.47 Subscriptions receivable 28,948,612.21 Dividends receivable 1,304,942.75 Net unrealised appreciation on forward foreign exchange contracts 4,400,891.75 Net unrealised appreciation on financial futures 3,334,028.37 Net unrealised appreciation on swaps 46,085.84 Receivable on spot exchange 1,997,653.31 Other assets 98,461.22 Liabilities 360,567,923.90 Options sold at market value 813,051.71 Options sold at cost 719,946.91 Bank overdrafts 119,216,229.33 Brokers payable 417,751.85 Payable for repurchase transactions 199,364,255.99 Accrued performance fees payable 77,440.64 Redemptions payable 27,977,715.86 Net unrealised depreciation on forward foreign exchange contracts 173,477.99 Net unrealised depreciation on financial futures 1,187,877.04 Net unrealised depreciation on swaps 3,434,312.67 Payable on spot exchange 1,997,689.52 Accrued expenses 3,493,403.85 Other liabilities 2,414,717.45 Net asset value 5,296,541,448.76

Page 5 Natixis AM Funds - Natixis Euro Bonds Opportunities 12 Months

Page 6 Natixis AM Funds - Natixis Euro Bonds Opportunities 12 Months Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 189,534,768.28 Securities portfolio at market value 172,576,270.92 Cost price 175,096,384.76 Unrealised loss on the securities portfolio -2,520,113.84 Cash at banks and liquidities 14,852,226.99 Interest receivable 2,018,950.27 Subscriptions receivable 57,400.10 Net unrealised appreciation on financial futures 29,920.00 Liabilities 14,414,406.12 Bank overdrafts 32,420.00 Payable for repurchase transactions 14,324,000.00 Redemptions payable 220.91 Accrued expenses 43,133.28 Other liabilities 14,631.93 Net asset value 175,120,362.16

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class I (EUR) Capitalisation shares 3,397.77 349.01 709.99 3,036.79

Class N (EUR) (*) Capitalisation shares 8,186.94 0.71 8,187.65 0.00

Class R (EUR) Capitalisation shares 970.53 201.02 220.72 950.83

Page 7 Natixis AM Funds - Natixis Euro Bonds Opportunities 12 Months Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 175,120,362.16 195,832,286.26 212,111,915.79

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 3,036.79 3,397.77 3,660.22 Net asset value per share 55,194.38 55,137.82 54,883.15

Class N (EUR) (*) EUR EUR EUR Capitalisation shares Number of shares 0.00 8,186.94 0.00 Net asset value per share 0.00 100.29 0.00

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 950.83 970.53 1,423.95 Net asset value per share 7,894.92 7,898.26 7,884.75

(*) Closed on 05/09/17.

Page 8 Natixis AM Funds - Natixis Euro Bonds Opportunities 12 Months Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 172,576,270.92 98.55 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 172,576,270.92 98.55 France 7,435,091.70 4.25 7,380,000.00 FRANCE OAT 0.00 16-19 25/02U EUR 7,435,091.70 4.25 Italy 72,208,343.43 41.23 6,700,000.00 ITALY 0.20 17-20 15/10S EUR 6,708,107.00 3.83 8,400,000.00 ITALY BOT 1.05 14-19 01/12S EUR 8,582,280.00 4.90 20,000,000.00 ITALY BTP 0.70 15-20 01/05S EUR 20,313,100.00 11.59 16,885,000.00 ITALY BTP 1.50 14-19 01/08S EUR 17,341,654.83 9.90 11,970,000.00 ITALY BTP 2.50 14-19 01/05S EUR 12,409,897.50 7.09 2,700,000.00 ITALY BTP 4.25 03-19 01/02S EUR 2,832,192.00 1.62 3,810,000.00 ITALY BTP 4.50 08-19 01/03S EUR 4,021,112.10 2.30 Portugal 60,468,235.99 34.53 1,000.00 PORT TREA BILL ZCP 18-05-18 EUR 1,002.15 0.00 1,000.00 PORT TREA BILL ZCP 20-07-18 EUR 1,002.26 0.00 1,000.00 PORT TREA BILL ZCP 21-09-18 EUR 1,003.08 0.00 14,500,000.00 PORTUGAL 3.85 05-21 15/04A EUR 16,313,587.50 9.32 4,800,000.00 PORTUGAL 4.45 08-18 15/06A EUR 4,905,120.00 2.80 13,000,000.00 PORTUGUESE OT'S 4.75 09-19 14/06A EUR 13,918,385.00 7.95 22,650,000.00 PORTUGUESE OT'S 4.80 10-20 15/06A EUR 25,328,136.00 14.46 Spain 32,464,599.80 18.54 1,420,000.00 SPAIN 0.25 16-19 31/01A EUR 1,429,854.80 0.82 15,000,000.00 SPAIN 1.15 15-20 30/07A EUR 15,504,825.00 8.86 8,400,000.00 SPAIN 4.30 09-19 31/10A EUR 9,113,916.00 5.20 5,950,000.00 SPAIN 4.60 09-19 30/07A EUR 6,416,004.00 3.66

Total securities portfolio 172,576,270.92 98.55

Page 9 Natixis AM Funds - Natixis Euro Short Term Credit

Page 10 Natixis AM Funds - Natixis Euro Short Term Credit Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 1,434,675,723.13 Securities portfolio at market value 1,317,975,095.24 Cost price 1,329,563,263.10 Unrealised loss on the securities portfolio -11,588,167.86 Cash at banks and liquidities 99,886,808.72 Interest receivable 16,205,970.34 Subscriptions receivable 509,818.45 Net unrealised appreciation on forward foreign exchange contracts 26,530.38 Net unrealised appreciation on financial futures 71,500.00 Liabilities 100,674,944.95 Bank overdrafts 3,478,144.79 Payable for repurchase transactions 92,132,730.90 Redemptions payable 509,852.91 Net unrealised depreciation on swaps 2,487,922.29 Accrued expenses 309,610.98 Other liabilities 1,756,683.08 Net asset value 1,334,000,778.18

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class SI (EUR) Capitalisation shares 1,591,290.26 302,274.86 41,366.00 1,852,199.12

Class SI (EUR) Distribution shares 2,553,947.28 857,134.35 602,355.11 2,808,726.52

Class I (EUR) Capitalisation shares 68,176.15 22,556.65 16,106.78 74,626.02

Class I (EUR) Distribution shares 1,600.00 0.00 560.00 1,040.00

Class R (EUR) Distribution shares 16,768.80 0.00 1,795.75 14,973.05

Class R (EUR) Capitalisation shares 150,157.11 378,072.26 34,122.30 494,107.07

Class RE (EUR) Capitalisation shares 12,630.98 4,090.75 2,392.99 14,328.74

Page 11 Natixis AM Funds - Natixis Euro Short Term Credit Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 1,334,000,778.18 1,176,820,155.42 1,010,062,895.88

Class SI (EUR) EUR EUR EUR Capitalisation shares Number of shares 1,852,199.12 1,591,290.26 751,790.26 Net asset value per share 103.21 102.43 100.99

Class SI (EUR) EUR EUR EUR Distribution shares Number of shares 2,808,726.52 2,553,947.28 2,633,722.25 Net asset value per share 99.18 99.63 101.02 Dividend per share 1.20 2.82 0.26

Class M (EUR) EUR EUR EUR Distribution shares Number of shares 0.00 0.00 998.66 Net asset value per share 0.00 0.00 51,298.87 Dividend per share 0.00 763.12 1,284.13

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 74,626.02 68,176.15 55,258.51 Net asset value per share 10,706.07 10,633.72 10,504.45

Class I (EUR) EUR EUR EUR Distribution shares Number of shares 1,040.00 1,600.00 2,085.00 Net asset value per share 9,696.56 9,740.99 9,875.06 Dividend per share 110.59 254.57 236.67

Class R (EUR) EUR EUR EUR Distribution shares Number of shares 14,973.05 16,768.80 0.00 Net asset value per share 99.63 100.09 0.00 Dividend per share 0.92 0.05 0.00

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 494,107.07 150,157.11 148,212.97 Net asset value per share 105.68 105.20 104.33

Class RE (EUR) EUR EUR EUR Capitalisation shares Number of shares 14,328.74 12,630.98 2,956.00 Net asset value per share 105.17 105.00 104.77

Page 12 Natixis AM Funds - Natixis Euro Short Term Credit Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 1,190,625,826.96 89.25 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 759,691,579.26 56.95 Australia 19,662,059.50 1.47 10,000,000.00 BHP BILLITON 4.75 15-76 22/04A EUR 11,203,000.00 0.84 2,250,000.00 MACQUERIE BANK SUB 6.00 10-20 21/09A EUR 2,575,867.50 0.19 5,600,000.00 ORIGIN ENERGY EMTN 2.875 12-19 11/10A EUR 5,883,192.00 0.44 Belgium 10,259,433.00 0.77 5,100,000.00 BNP PARIBAAS FORTIS 5.75 08-18 30/04A EUR 5,190,652.50 0.39 4,900,000.00 DELHAIZE GROUP 4.25 11-18 19/10A EUR 5,068,780.50 0.38 China 2,979,840.00 0.22 3,000,000.00 CHINA DEVELOP.BK 0.375 17-21 16/11A EUR 2,979,840.00 0.22 Denmark 2,545,475.00 0.19 2,500,000.00 ISS GLOBAL 1.125 14-20 09/01A EUR 2,545,475.00 0.19 Finland 7,466,620.00 0.56 7,000,000.00 CRH FINLAND SERVICES 2.75 13-20 15/10A EUR 7,466,620.00 0.56 France 161,734,672.10 12.13 15,200,000.00 BANQUE POSTALE 4.375 10-20 30/11A EUR 17,029,016.00 1.28 9,950,000.00 BFCM EMTN 4.00 10-20 22/10A EUR 11,023,455.75 0.83 3,320,400.00 BFCM EMTN 5.30 11-18 06/12A EUR 3,487,781.36 0.26 3,300,000.00 BIOMERIEUX 2.875 13-20 14/10A EUR 3,510,556.50 0.26 11,000,000.00 BUREAU VERITAS SA 3.125 14-21 21/01A EUR 11,861,850.00 0.89 11,400,000.00 CAPGEMINI SE 1.75 15-20 01/07A EUR 11,829,096.00 0.89 5,100,000.00 CASINO GUICHARD PERR 1.865 17-22 13/0 EUR 5,207,482.50 0.39 12,700,000.00 CHRISTIAN DIOR SA 0.75 16-21 24/06A EUR 12,831,889.50 0.96 5,000,000.00 CREDIT AGRICOLE SA 0.00 12-20 02/02U EUR 6,979,750.00 0.52 5,869,230.00 CREDIT AGRICOLE SA 4.50 10-20 30/06Q EUR 6,502,138.42 0.49 2,000,000.00 EUTELSAT 1.125 16-21 23/06A EUR 2,056,350.00 0.15 5,000,000.00 EUTELSAT 2.625 13-20 13/01A EUR 5,227,250.00 0.39 3,000,000.00 EUTELSAT SA 5.00 11-19 14/01A EUR 3,154,215.00 0.24 1,500,000.00 GDF SUEZ EMTN 1.125 12-20 09/10A CHF 1,329,259.07 0.10 7,300,000.00 HAVAS SA 1.875 15-20 08/12A EUR 7,588,861.00 0.57 1,700,000.00 ILIAD SA 2.125 15-22 05/12A EUR 1,795,106.50 0.13 8,800,000.00 INFRA FOCH SAS 1.25 14-20 16/10A EUR 9,042,176.00 0.68 1,800,000.00 LAGARDERE 2.00 14-19 19/09A EUR 1,845,288.00 0.14 2,000,000.00 NEXANS SA 4.25 12-18 19/03A EUR 2,016,500.00 0.15 12,000,000.00 PSA BANQUE FRANCE 0.50 17-20 17/01A EUR 12,100,020.00 0.91 8,000,000.00 PSA BANQUE FRANCE 0.625 17-22 10/10A EUR 7,997,000.00 0.60 7,100,000.00 RCI BANQUE EMTN 0.625 15-20 04/03A EUR 7,181,614.50 0.54 2,800,000.00 RCI BANQUE SA 0.75 17-22 12/01A EUR 2,825,984.00 0.21 7,200,000.00 VIVENDI 0.75 16-21 26/05A EUR 7,312,032.00 0.55 Germany 19,571,679.00 1.47 2,700,000.00 COMMERZBANK 6.375 11-19 22/03A EUR 2,903,904.00 0.22 13,500,000.00 MUNICH RE 6.25 12-42 26/05A EUR 16,667,775.00 1.25 Ireland 21,571,655.39 1.62 3,000,000.00 ALLIED IRISH BANKS PL 1.375 15-20 16/03A EUR 3,083,055.00 0.23 5,000,000.00 AQUARIUS INVESTMENTS 4.25 13-43 02/10A EUR 5,837,675.00 0.44 639,000.00 BANK OF IRELAND 1.25 15-20 09/04A EUR 655,939.89 0.05 6,000,000.00 FCA CAPITAL IRELAND P 1.25 16-20 23/09A EUR 6,175,860.00 0.47 2,700,000.00 JOHNSON CONT INTL PLC 0.00 17-20 04/12U EUR 2,690,388.00 0.20 2,900,000.00 SMURFIT KAPPA ACQ 4.125 13-20 30/01S EUR 3,128,737.50 0.23 Italy 78,334,456.25 5.87 5,000,000.00 ASSICURAZ GENERALI 7.75 12-42 12/12A EUR 6,462,900.00 0.48 2,000,000.00 BANCO POPOLARE 2.625 15-18 21/09A EUR 2,030,890.00 0.15 1,050,000.00 BENI STABILI SPA 4.125 14-18 22/01A EUR 1,052,604.00 0.08 11,125,000.00 CAMPARI 2.75 15-20 30/09A EUR 11,872,488.75 0.89 5,000,000.00 ENI SPA -6- 4.125 09-19 16/09A EUR 5,359,150.00 0.40 4,000,000.00 INTESA SAN PAOLO FL.R 17-22 19/04Q EUR 4,100,260.00 0.31 5,000,000.00 INTESA SANPAOLO EMTN 5.00 09-19 23/09A EUR 5,390,675.00 0.40 6,400,000.00 INTESA SP VITA SUB 5.35 13-18 18/09A EUR 6,638,688.00 0.50 6,000,000.00 ITALY BTP 1.50 14-19 01/08S EUR 6,162,270.00 0.46 12,000,000.00 MEDIOBANCA 0.625 17-22 27/09A EUR 11,905,260.00 0.90 5,900,000.00 MEDIOBANCA EMTN 0.75 17-20 17/02A EUR 5,980,210.50 0.45 4,000,000.00 POSTE VITA SUB 2.875 14-19 30/05A EUR 4,154,360.00 0.31 7,000,000.00 UBI BANCA 2.875 14-19 18/02A EUR 7,224,700.00 0.54

Page 13 Natixis AM Funds - Natixis Euro Short Term Credit Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

Jersey Island 8,773,319.66 0.66 10,000,000.00 GLENCORE FINANCE 5.625 12-18 03/12A CHF 8,773,319.66 0.66 Luxembourg 36,027,747.32 2.70 6,000,000.00 ALLERGAN FUNDING 0.50 17-21 01/06A EUR 6,011,670.00 0.45 2,300,000.00 ARCELORMITTAL SA 0.95 17-23 17/01A EUR 2,286,142.50 0.17 6,000,000.00 FIAT FIN TRA 3.125 14-19 30/09A CHF 5,373,234.20 0.40 6,000,000.00 HEIDELBERGCEMENT FIN 8.50 09-19 31/10S EUR 6,937,650.00 0.52 11,000,000.00 PENTAIR FINANCE 2.45 15-19 17/09A EUR 11,425,700.00 0.86 3,905,000.00 PROLOGIS INTL II EMTN 2.75 13-18 23/10A EUR 3,993,350.62 0.30 Norway 3,217,152.00 0.24 1,300,000.00 SANTANDER CONS BK 0.25 16-19 30/09A EUR 1,305,115.50 0.10 1,900,000.00 SANTANDER CONSUMER 0.375 17-20 17/02A EUR 1,912,036.50 0.14 Poland 2,290,377.51 0.17 2,259,000.00 PKO BANK POLSKI S.A. 0.75 17-21 25/07A EUR 2,290,377.51 0.17 Portugal 11,642,143.50 0.87 11,700,000.00 GALP ENERGIA 1.00 17-23 15/02A EUR 11,642,143.50 0.87 Spain 66,215,115.00 4.96 5,200,000.00 AMADEUS CAP 0.00 17-19 19/05U EUR 5,206,110.00 0.39 4,000,000.00 BANCO DE SABADELL SA 0.30 16-18 29/06S EUR 4,000,220.00 0.30 2,000,000.00 BANCO SABADELL 0.40 17-19 21/06Q EUR 1,990,670.00 0.15 4,000,000.00 BANCO SABADELL 6.25 10-20 26/04A EUR 4,499,760.00 0.34 2,300,000.00 BANCO SANTANDER 1.375 17-22 09/02A EUR 2,373,255.00 0.18 2,000,000.00 CAIXABANK SA 1.125 17-23 12/01A EUR 1,995,290.00 0.15 10,500,000.00 GAS NATURAL FINANCE 6.375 09-19 09/07A EUR 11,530,207.50 0.86 11,000,000.00 PROSEGUR CIA SEGURIDA 2.75 13-18 02/04A EUR 11,071,445.00 0.83 8,000,000.00 SANTAN CONSUMER FI 0.875 17-22 24/01A EUR 8,116,560.00 0.61 12,300,000.00 SANTANDER CONSUM FIN 0.90 15-20 18/02A EUR 12,514,081.50 0.93 2,900,000.00 TELEFONICA EMIS 0.318 16-20 17/10A EUR 2,917,516.00 0.22 Sweden 21,546,338.24 1.62 10,000,000.00 NORDEA BANK EMTN 1.125 12-20 02/10A CHF 8,871,426.74 0.67 3,000,000.00 SCA REGS 0.50 15-20 05/03A EUR 3,027,915.00 0.23 3,500,000.00 SECURITAS 1.25 16-22 15/03A EUR 3,605,542.50 0.27 1,800,000.00 SKF 1.875 12-19 11/09A EUR 1,857,114.00 0.14 4,000,000.00 VOLVO TREASURY 2.375 12-19 26/11A EUR 4,184,340.00 0.31 The Netherlands 94,770,204.69 7.10 10,108,000.00 ABN AMRO BANK EMTN 6.375 11-21 27/04A EUR 12,049,291.94 0.89 3,000,000.00 ACHMEA BV 1.50 13-19 19/06A CHF 2,627,124.73 0.20 7,000,000.00 ACHMEA BV EMTN 2.50 13-20 19/11A EUR 7,466,795.00 0.56 3,900,000.00 DE VOLKSBANK NV 0.125 17-20 28/09A EUR 3,903,685.50 0.29 5,200,000.00 ENEL FINANCE INTL 3.00 11-20 23/06A CHF 4,779,609.45 0.36 6,000,000.00 FERRARI 0.25 17-21 16/01A EUR 5,958,060.00 0.45 6,000,000.00 GENERAL MOTORS FIN 1.168 16-20 18/05A EUR 6,146,580.00 0.46 9,900,000.00 LEASEPLAN CORPORAT 1.00 16-20 08/04A EUR 10,098,594.00 0.76 7,000,000.00 MYLAN 1.25 16-20 23/11A EUR 7,170,275.00 0.54 3,000,000.00 NIBC BANK 2.00 15-18 26/07A EUR 3,034,890.00 0.23 4,100,000.00 NOMURA EUROPE FIN 1.50 14-21 12/05A EUR 4,261,642.50 0.32 4,214,000.00 NOMURA EUROPE FINANC 1.125 15-20 03/06 EUR 4,314,693.53 0.32 5,000,000.00 RABOBANK 4.125 12-22 14/09A EUR 5,811,525.00 0.44 5,000,000.00 RABOBANK EMTN 1.25 12-20 15/10A CHF 4,451,566.04 0.33 10,000,000.00 RABOBANK NED 3.75 10-20 09/11A EUR 11,008,000.00 0.82 1,600,000.00 REPSOL INTL FINANCE 4.875 12-19 19/02A EUR 1,687,872.00 0.13 The Netherlands Antilles 16,865,100.35 1.26 6,000,000.00 TEVA PHARMA 0.375 16-20 25/07A EUR 5,717,610.00 0.43 3,000,000.00 TEVA PHARMA FINANCE 1.50 12-18 25/10A CHF 2,572,259.97 0.19 8,453,000.00 TEVA PHARMA FINANCE 2.875 12-19 15/04A EUR 8,575,230.38 0.64 United Kingdom 138,152,192.02 10.37 5,000,000.00 BARCLAYS BANK SUB 6.625 11-22 30/03A EUR 6,142,050.00 0.46 10,000,000.00 BARCLAYS BK EMTN 10.00 09-21 21/05A GBP 14,156,311.61 1.06 5,000,000.00 BAT INTERNATIONAL FIN 4.875 09-21 24/02A EUR 5,735,400.00 0.43 5,000,000.00 BAT INTL FINANCE P 1.00 15-22 23/05A EUR 5,114,075.00 0.38 2,900,000.00 BRITISH TELECOM 0.625 16-21 10/03A EUR 2,933,712.51 0.22 3,000,000.00 CA LONDON 0.375 15-20 27/01A CHF 2,602,461.23 0.20 4,200,000.00 COVENTRY B SOC 2.50 13-20 18/11A EUR 4,484,612.99 0.34 3,750,000.00 CREDIT AGRICOLE 1.25 14-20 17/07A CHF 3,332,553.52 0.25 10,000,000.00 FCE BANK EMTN 2.759 14-19 13/11A GBP 11,597,758.12 0.87

Page 14 Natixis AM Funds - Natixis Euro Short Term Credit Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets 5,000,000.00 FCE BANK PLC 1.528 15-20 09/11 EUR 5,198,725.00 0.39 3,000,000.00 FCE BANK PLC 0.869 17-21 13/09A EUR 3,051,195.00 0.23 7,087,000.00 HSBC HOLDINGS SUB 6.00 09-10 10/06A EUR 7,691,379.36 0.58 1,900,000.00 IMPERIAL BRANDS FI 0.50 17-21 27/07A EUR 1,912,065.00 0.14 8,000,000.00 IMPERIAL TOBACCO EMTN 5.00 11-19 02/12A EUR 8,768,360.00 0.66 10,000,000.00 LLOYDS TSB 6.50 10-20 24/03A EUR 11,404,450.00 0.85 5,000,000.00 MONDI FINANCE EMTN 3.375 12-20 28/09A EUR 5,430,025.00 0.41 10,500,000.00 NATIONWIDE BUILDING 6.75 10-20 22/07A EUR 12,201,735.00 0.91 6,000,000.00 RBS 6.625 08-18 17/09S GBP 7,033,312.68 0.53 4,000,000.00 ROYAL BK SCOTLAND SUB 6.934 08-18 09/04A EUR 4,073,240.00 0.31 8,000,000.00 STANDARD CHARTERED BK 7.75 08-18 03/04A GBP 9,167,306.94 0.69 7,000,000.00 WESTPAC SECURITIES 0.625 14-20 02/09A CHF 6,121,463.06 0.46 United States of America 36,065,998.73 2.70 9,000,000.00 ABBVIE 0.375 16-19 18/11A EUR 9,060,660.00 0.67 5,775,000.00 ALBEMARLE 1.875 14-21 08/12A EUR 6,076,859.25 0.46 6,000,000.00 GOLDMAN SACHS GROUP 4.75 06-21 12/10A EUR 6,901,200.00 0.52 2,200,000.00 MANPOWER GROUP 4.50 12-18 22/06A EUR 2,248,829.00 0.17 3,500,000.00 MONDELEZ INTL 0.05 17-20 30/03A CHF 2,997,485.36 0.22 8,675,000.00 WHIRLPOOL 0.625 15-20 12/03A EUR 8,780,965.12 0.66 Floating rate notes 428,235,276.70 32.10 Australia 11,335,150.00 0.85 5,000,000.00 NATL AUSTRALIA BK SUB FL.R 14-24 12/11A EUR 5,135,500.00 0.38 6,000,000.00 NATL AUSTRALIA BK 309 FL.R 08-23 26/06A EUR 6,199,650.00 0.47 Denmark 4,122,012.00 0.31 3,800,000.00 DANSKE BANK A/S FL.R 14-XX 06/04S EUR 4,122,012.00 0.31 France 128,590,473.11 9.63 3,700,000.00 ALD SA FL.R 17-20 27/11Q EUR 3,721,608.00 0.28 11,550,000.00 AXA FL.R 10-40 16/04A EUR 12,810,971.25 0.95 5,300,000.00 BNP PARIBAS SA FL.R 17-22 22/09Q EUR 5,438,542.00 0.41 11,000,000.00 CFCM NORD EUROPE FL.R 14-19 30/07Q EUR 11,068,145.00 0.83 11,000,000.00 CNP ASSURANCES FL.R 10-40 14/09A EUR 12,690,480.00 0.95 3,000,000.00 CNP ASSURANCES FL.R 11-41 30/09A EUR 3,688,395.00 0.28 8,000,000.00 CREDIT AGRICOLE FL.R 08-XX XX/XXA EUR 8,154,640.00 0.61 13,000,000.00 DANONE SA EMTN FL.R 17-XX 23/06A EUR 13,077,220.00 0.97 3,000,000.00 ELECT.DE FRANCE FL.R 13-XX 29/01A EUR 3,186,030.00 0.24 3,000,000.00 ENGIE FL.R 13-18 10/07A EUR 3,059,160.00 0.23 3,000,000.00 ENGIE SUB FL.R 14-XX 02/06A EUR 3,110,955.00 0.23 2,000,000.00 NATIXIS SUB REG S FL.R 08-XX 30/04S USD 1,705,204.86 0.13 4,000,000.00 ORANGE SA SUB FL.R 14-XX 07/02A EUR 4,304,560.00 0.32 8,300,000.00 RCI BANQUE FL.R 17-22 14/03Q EUR 8,409,269.50 0.63 4,400,000.00 SOCIETE GENERALE FL.R 17-22 01/04Q EUR 4,500,078.00 0.34 5,000,000.00 SOCIETE GENERALE REGS FL.R 14-XX 07/04S EUR 5,618,075.00 0.42 2,000,000.00 SOLVAY FIN SUB FL.R 13-XX 12/05A EUR 2,093,810.00 0.16 8,200,000.00 SUEZ ENVIRONNEMENT FL.R 14-XX 23/06A EUR 8,655,592.00 0.65 6,000,000.00 TOTAL SA FL.R 15-XX 26/02A EUR 6,275,580.00 0.47 4,000,000.00 TOTAL SA FL.R 16-49 18/05A EUR 4,489,720.00 0.34 2,500,000.00 VEOLIA ENVIRONNEMENT FL.R 13-XX 16/04A EUR 2,532,437.50 0.19 Germany 9,365,774.00 0.70 4,200,000.00 ALLIANZ FL.R 12-42 17/10A EUR 5,124,714.00 0.38 4,000,000.00 MERCK KGAA SUB FL.R 14-74 12/12A EUR 4,241,060.00 0.32 Ireland 5,345,088.00 0.40 4,800,000.00 CLOVERIE PLC SUB FL.R 09-39 24/07A EUR 5,345,088.00 0.40 Italy 41,803,067.00 3.13 6,900,000.00 ASSICURAZ GENERALI FL.R 12-42 10/07A EUR 9,540,147.00 0.72 3,000,000.00 ENEL SPA FL.R 13-74 10/01A EUR 3,190,695.00 0.24 7,000,000.00 MEDIOBANCA FL.R 17-22 18/05Q EUR 7,131,670.00 0.53 13,000,000.00 MERCEDES BENZ FIN FL.R 17-20 22/06Q EUR 13,033,995.00 0.97 8,000,000.00 UNICREDIT SPA EMTN FL.R 13-25 28/10A EUR 8,906,560.00 0.67 Luxembourg 34,148,036.00 2.56 10,000,000.00 HANNOVER FINANCE FL.R 10-40 14/09A EUR 11,420,300.00 0.86 17,200,000.00 TALANX FINANZ EMTN FL.R 12-42 15/06A EUR 22,727,736.00 1.70 Mexico 4,745,648.35 0.36 4,593,000.00 AMERICA MOVIL SAB FL.R 13-73 06/09A EUR 4,745,648.35 0.36 Norway 10,212,550.00 0.77 10,000,000.00 DNB BANK ASA FL.R 13-23 26/09A EUR 10,212,550.00 0.77

Page 15 Natixis AM Funds - Natixis Euro Short Term Credit Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

Spain 22,880,290.00 1.72 6,000,000.00 BBVA FL.R 14-24 11/04A EUR 6,248,370.00 0.47 16,000,000.00 CAIXABANK EMTN FL.R 13-23 14/11A EUR 16,631,920.00 1.25 Sweden 14,350,585.50 1.08 7,000,000.00 NORDEA BANK FL.R 16-26 07/09A EUR 7,067,725.00 0.53 7,100,000.00 SVENSKA HANDELSB SUB FL.R 14-24 15/01A EUR 7,282,860.50 0.55 Switzerland 14,660,120.00 1.10 5,000,000.00 CREDIT SUISSE FL.R 13-25 18/09A EUR 5,682,400.00 0.43 8,000,000.00 UBS AG SUB FL.R 14-26 12/02A EUR 8,977,720.00 0.67 The Netherlands 62,044,744.25 4.64 15,000,000.00 ALLIANZ FINANCE FL.R 11-41 08/07A EUR 17,600,925.00 1.31 1,000,000.00 COOP RABOBANK UA 6.625 16-49 26/04A EUR 1,158,290.00 0.09 3,600,000.00 IBERDROLA INTL FL.R 17-XX 22/02A EUR 3,609,828.00 0.27 4,200,000.00 MYLAN NV 0.558 16-18 22/11 EUR 4,222,050.00 0.32 2,000,000.00 MYLAN NV FL.R 17-20 24/05Q EUR 2,005,450.00 0.15 5,350,000.00 RABOBANK NEDERLAND FL.R 15-XX 31/12S EUR 5,809,217.25 0.44 8,400,000.00 REPSOL INTL FINANCE FL.R 15-49 29/12A EUR 9,042,684.00 0.68 6,000,000.00 TELEFONICA EUROPE BV FL.R 13-XX 18/09A EUR 6,266,100.00 0.47 11,000,000.00 VOLKSWAGEN INTL SUB FL.R 13-XX 04/09A EUR 11,257,510.00 0.83 1,000,000.00 VW INTL FIN SUB FL.R 14-XX 24/03A EUR 1,072,690.00 0.08 United Kingdom 9,704,104.00 0.73 7,000,000.00 HSBC HOLDING FL.R 17-22 27/09Q EUR 7,107,380.00 0.54 2,600,000.00 STANDARD CHARTERED FL.R 17-23 03/10A EUR 2,596,724.00 0.19 United States of America 54,927,634.49 4.12 5,000,000.00 BANK OF AMERICA-SUB- FL.R 06-18 28/03Q EUR 5,006,425.00 0.38 9,000,000.00 CITIGROUP INC FL.R 04-19 10/02Q EUR 9,023,220.00 0.68 7,500,000.00 GENERAL MOTORS FIN FL.R 17-21 10/05Q EUR 7,581,862.49 0.57 5,000,000.00 MERRILL LYNCH EMTN FL.R 06-18 14/09Q EUR 5,011,750.00 0.38 10,800,000.00 MORGAN STANLEY FL.R 17-21 09/11Q EUR 10,826,406.00 0.80 8,500,000.00 MORGAN STANLEY FL.R 16-22 27/01Q EUR 8,601,235.00 0.64 8,800,000.00 WELLS FARGO & COMP FL.R 17-22 31/01Q EUR 8,876,736.00 0.67 Mortgage and asset backed securities 2,698,971.00 0.20 Spain 2,698,971.00 0.20 2,686,534.76 PRADO 4 A FL.R 17-56 15/03Q EUR 2,698,971.00 0.20

Other transferable securities 33,920,138.00 2.54 Bonds and money market instruments 12,687,908.00 0.95 France 2,772,400.50 0.21 2,700,000.00 BOLLORE SA 2 17-22 25/01A EUR 2,772,400.50 0.21 Ireland 5,606,972.00 0.42 5,600,000.00 FCA BANK SPA IRL 0.25 17-20 12/10A EUR 5,606,972.00 0.42 United Kingdom 4,308,535.50 0.32 4,300,000.00 VODAFONE GROUP PLC 0.375 17-21 22/11A EUR 4,308,535.50 0.32 Floating rate notes 21,232,230.00 1.59 Spain 5,015,900.00 0.38 5,000,000.00 SANTANDER CONSUMER FL.R 17-19 11/01Q EUR 5,015,900.00 0.38 United Kingdom 16,216,330.00 1.21 6,000,000.00 GOLDMAN SACHS GROUP FL.R 16-21 27/07Q EUR 6,147,030.00 0.46 10,000,000.00 HSBC HOLDING FL.R 17-23 05/10Q EUR 10,069,300.00 0.75

Shares/Units of UCITS/UCI 91,932,343.48 6.89 Shares/Units in investment funds 91,932,343.48 6.89 France 59,390,427.60 4.45 133.00 NAT EU ABS OPP -IC- 2 DEC EUR 15,811,106.50 1.19 1,058.00 NATIXIS CREDIT SUBORD FCP EUR 4 DEC EUR 12,118,691.72 0.91 303.00 NATIXIS TRESORIE PLUS -IC- EUR CAP EUR 31,460,629.38 2.35 Luxembourg 32,541,915.88 2.44 295,138.00 NIFLI SH.TERM GLB HIGH INCOME H-IC EURO EUR 32,541,915.88 2.44

Recently issued transferable securities 1,496,786.80 0.11 Mortgage and asset backed securities 1,496,786.80 0.11 Spain 1,496,786.80 0.11 1,479,602.40 PRADO 1 A FL.R 15-55 15/06Q EUR 1,496,786.80 0.11

Page 16 Natixis AM Funds - Natixis Euro Short Term Credit Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

Total securities portfolio 1,317,975,095.24 98.80

Page 17 Natixis AM Funds - Natixis Euro Credit

Page 18 Natixis AM Funds - Natixis Euro Credit Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 205,752,866.65 Securities portfolio at market value 184,749,119.22 Cost price 183,183,353.14 Unrealised profit on the securities portfolio 1,565,766.08 Cash at banks and liquidities 18,964,182.23 Interest receivable 2,037,565.21 Subscriptions receivable 1,999.99 Liabilities 18,663,199.44 Bank overdrafts 3,745,083.47 Payable for repurchase transactions 13,770,269.00 Net unrealised depreciation on financial futures 11,900.00 Net unrealised depreciation on swaps 861,759.23 Accrued expenses 73,509.23 Other liabilities 200,678.51 Net asset value 187,089,667.21

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class M (EUR) Distribution shares 390.55 80.61 117.31 353.85

Class I (EUR) Capitalisation shares 12,037.45 5,454.72 2,746.71 14,745.46

Class R (EUR) Capitalisation shares 11,823.85 1,838.23 1,515.09 12,146.99

Page 19 Natixis AM Funds - Natixis Euro Credit Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 187,089,667.21 155,777,258.91 150,421,602.18

Class M (EUR) EUR EUR EUR Distribution shares Number of shares 353.85 390.55 157.70 Net asset value per share 52,961.34 52,416.32 52,758.44 Dividend per share 478.93 1,028.61 1,070.07

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 14,745.46 12,037.45 12,792.92 Net asset value per share 11,324.39 11,131.65 11,037.74

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 12,146.99 11,823.85 8,129.25 Net asset value per share 112.42 110.74 110.29

Page 20 Natixis AM Funds - Natixis Euro Credit Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 173,955,200.72 92.98 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 137,725,473.22 73.62 Australia 3,838,296.00 2.05 2,000,000.00 BHP BILLITON 4.75 15-76 22/04A EUR 2,240,600.00 1.20 1,600,000.00 WESTPAC BANKING 0.25 16-22 17/01A EUR 1,597,696.00 0.85 Belgium 2,993,702.00 1.60 1,400,000.00 KBC GROUP NV 0.75 17-22 01/03M EUR 1,416,842.00 0.76 1,500,000.00 SOLVAY SA 1.625 15-22 02/12A EUR 1,576,860.00 0.84 Bermuda 3,007,658.00 1.61 1,000,000.00 BACARDI 2.75 13-23 03/07A EUR 1,106,705.00 0.59 1,800,000.00 FIL LIMITED 2.50 16-26 04/11A EUR 1,900,953.00 1.02 France 24,495,057.50 13.09 1,000,000.00 ACCOR SA 2.375 15-23 17/09A EUR 1,081,800.00 0.58 1,500,000.00 BANQUE POSTALE 4.375 10-20 30/11A EUR 1,680,495.00 0.90 600,000.00 BFCM EMTN 2.625 17-27 31/03A EUR 650,136.00 0.35 900,000.00 BNP PARIBAS SA 1.50 17-25 17/11A EUR 930,717.00 0.50 1,000,000.00 BPCE 2.875 16-26 22/04A EUR 1,108,235.00 0.59 1,000,000.00 CARREFOUR SA 0.75 16-24 26/04A EUR 997,845.00 0.53 500,000.00 CASINO GUICHARD 5.976 11-21 26/05A EUR 582,102.50 0.31 1,500,000.00 CHRISTIAN DIOR SA 0.75 16-21 24/06A EUR 1,515,577.50 0.81 800,000.00 CIE DE SAINT-GOBAI 1 17-25 17/03A EUR 804,916.00 0.43 1,000,000.00 COMPAGNIE PLASTIC- 1.25 17-24 26/06A EUR 993,735.00 0.53 1,400,000.00 EUTELSAT 1.125 16-21 23/06A EUR 1,439,445.00 0.77 1,500,000.00 IMERYS 0.875 16-22 31/03A EUR 1,527,067.50 0.82 1,000,000.00 KERING 1.50 17-27 05/04A EUR 1,034,960.00 0.55 1,200,000.00 LEGRAND SA 1.875 17-32 06/07A EUR 1,274,160.00 0.68 1,000,000.00 ORANGE SA 0.75 17-23 11/09A EUR 1,012,620.00 0.54 600,000.00 PSA BANQUE FRANCE 0.50 17-20 17/01A EUR 605,001.00 0.32 1,100,000.00 PSA BANQUE FRANCE 0.625 17-22 10/10A EUR 1,099,587.50 0.59 600,000.00 RCI BANQUE 1.00 16-23 17/05S EUR 607,761.00 0.32 1,000,000.00 RCI BANQUE SA 0.50 16-23 15/09A EUR 983,205.00 0.53 1,500,000.00 SOCIETE GENERALE SUB 2.625 15/25 27/02A EUR 1,621,327.50 0.87 2,000,000.00 VERITAS SA 1.25 16-23 07/09A EUR 2,030,360.00 1.08 900,000.00 VIVENDI 0.75 16-21 26/05A EUR 914,004.00 0.49 Germany 6,071,479.00 3.25 1,000,000.00 BASF 0.875 17-27 15/11A EUR 987,325.00 0.53 1,400,000.00 DAIMLER AG 1.00 17-27 15/11A EUR 1,380,204.00 0.74 3,000,000.00 MUNICH RE 6.25 12-42 26/05A EUR 3,703,950.00 1.98 Ireland 8,321,650.00 4.45 4,000,000.00 AQUARIUS INVESTMENTS 4.25 13-43 02/10A EUR 4,670,140.00 2.50 1,500,000.00 CLOVERIE PLC SWISS RE 6.625 12-42 01/09A EUR 1,901,970.00 1.02 700,000.00 FCA CAPITAL 1.25 16-21 21/01A EUR 720,230.00 0.38 1,000,000.00 FCA CAPITAL IRELAND P 1.25 16-20 23/09A EUR 1,029,310.00 0.55 Italy 9,884,988.99 5.28 900,000.00 BENI STABILI SPA 1.625 17-18 17/10A EUR 904,378.50 0.48 1,471,000.00 CAMPARI 2.75 15-20 30/09A EUR 1,569,836.49 0.84 2,000,000.00 ENI SPA 2.625 13-21 22/11A EUR 2,188,350.00 1.16 1,300,000.00 INTESA SAN PAOLO SPA 4.375 12-19 15/10A EUR 1,402,323.00 0.75 200,000.00 ITALY BTP 1.50 14-19 01/08S EUR 205,409.00 0.11 2,000,000.00 MEDIOBANCA 0.625 17-22 27/09A EUR 1,984,210.00 1.06 600,000.00 MEDIOBANCA EMTN 0.75 17-20 17/02A EUR 608,157.00 0.33 1,000,000.00 UNICREDIT 1.50 14-19 19/06A EUR 1,022,325.00 0.55 Luxembourg 2,133,512.50 1.14 700,000.00 ALLERGAN FUNDING 0.50 17-21 01/06A EUR 701,361.50 0.37 1,400,000.00 NESTLE FINANCE 1.75 17-37 02/11A EUR 1,432,151.00 0.77 Mexico 437,780.00 0.23 400,000.00 AMERICA MOVIL SAB 3.00 12-21 12/07A EUR 437,780.00 0.23 New Zealand 801,260.00 0.43 800,000.00 ANZ NEW ZEALAND 0.40 17-22 01/03A EUR 801,260.00 0.43 Portugal 1,791,099.00 0.96 1,800,000.00 GALP ENERGIA 1.00 17-23 15/02A EUR 1,791,099.00 0.96 Spain 9,113,890.50 4.87 500,000.00 ABERTIS 1.375 16-26 20/05A EUR 498,897.50 0.27 500,000.00 ABERTIS INFRAESTRUCT. 3.75 13-23 20/06A EUR 580,560.00 0.31

Page 21 Natixis AM Funds - Natixis Euro Credit Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets 1,000,000.00 BANCO SANTANDER 1.375 17-22 09/02A EUR 1,031,850.00 0.55 1,500,000.00 CAIXABANK SA 1.125 17-24 17/05A EUR 1,507,155.00 0.81 800,000.00 SANTANDER CONSUMER 1.00 16-21 26/05A EUR 818,608.00 0.44 3,000,000.00 SANTANDER ISSUANCES 2.50 15-25 18/03A EUR 3,154,275.00 1.68 1,500,000.00 TELEFONICA EMIS 1.715 17-28 12/01A EUR 1,522,545.00 0.81 Sweden 1,545,232.50 0.83 1,500,000.00 SECURITAS 1.25 16-22 15/03A EUR 1,545,232.50 0.83 The Netherlands 18,327,403.02 9.80 1,500,000.00 ACHMEA BV EMTN 2.50 13-20 19/11A EUR 1,600,027.50 0.86 600,000.00 ASML HOLDING NV 0.625 16-22 07/07S EUR 608,211.00 0.33 500,000.00 BRENNTAG FINANCE 1.125 17-25 27/09A EUR 497,030.00 0.27 1,000,000.00 COMPASS GROUP INTL 0.625 17-24 03/07A EUR 994,000.00 0.53 500,000.00 DEUTSCHE TEL INT FIN 1.50 16-28 03/04A EUR 510,440.00 0.27 1,500,000.00 EDP FINANCE 1.50 17-27 22/11A EUR 1,490,962.50 0.80 1,500,000.00 EDP FINANCE REGS 8.625 08-24 04/01A GBP 2,283,856.25 1.21 1,600,000.00 ENEL FINANCE INTL 5.625 09-24 14/08S GBP 2,201,092.77 1.18 1,600,000.00 HEINEKEN 1.00 16-26 04/05A EUR 1,606,328.00 0.86 2,400,000.00 KONINKIJKE AHOLD D 0.875 17-24 19/09A EUR 2,405,892.00 1.28 800,000.00 LEASEPLAN CORPORAT 1.00 16-20 08/04A EUR 816,048.00 0.44 1,000,000.00 NOMURA EUROPE FIN 1.50 14-21 12/05A EUR 1,039,425.00 0.56 1,600,000.00 RABOBANK NED 3.75 10-20 09/11A EUR 1,761,280.00 0.94 500,000.00 RELX FINANCE BV 1.375 16-26 12/05A EUR 512,810.00 0.27 United Kingdom 22,283,982.31 11.91 2,300,000.00 ASTRAZENECA PLC 0.75 16-24 12/05A EUR 2,298,194.50 1.23 1,000,000.00 AVIVA PLC 0.625 16-23 27/10A EUR 1,000,925.00 0.53 400,000.00 BABCOCK INTL GRP 1.75 14-22 06/10A EUR 417,624.00 0.22 3,000,000.00 BARCLAYS BANK SUB 6.625 11-22 30/03A EUR 3,685,230.00 1.98 600,000.00 BAT HOLDINGS BV EMTN 2.375 12-23 19/01A EUR 651,879.00 0.35 1,300,000.00 BP CAPITAL MARKETS 1.077 17-25 26/06A EUR 1,317,472.00 0.70 800,000.00 BRAMBLES FINANCE 1.500 17-27 04/10A EUR 810,896.00 0.43 700,000.00 BRITISH SKY BROADCAST 1.50 14-21 15/09A EUR 731,524.50 0.39 600,000.00 BRITISH TELECOM 0.50 17-22 23/06A EUR 600,228.00 0.32 1,000,000.00 BRITISH TELECOM 1.00 17-24 21/11A EUR 993,590.00 0.53 1,300,000.00 BRITISH TELECOM 1.125 16-23 10/03A EUR 1,329,282.50 0.71 900,000.00 CREDIT AGRICOLE LDN 0.75 16-22 01/12A EUR 915,732.00 0.49 1,000,000.00 FCE BANK EMTN 2.759 14-19 13/11A GBP 1,159,775.81 0.62 1,000,000.00 FCE BANK PLC 1.528 15-20 09/11 EUR 1,039,745.00 0.56 1,000,000.00 FCE BANK PLC 1.615 16-23 11/05A EUR 1,040,445.00 0.56 1,100,000.00 HSBC HLDGS 0.875 16-24 06/09A EUR 1,104,774.00 0.59 1,000,000.00 LLOYDS TSB 6.50 10-20 24/03A EUR 1,140,445.00 0.61 2,000,000.00 MONDI FINANCE 1.50 16-24 15/04A EUR 2,046,220.00 1.09 United States of America 22,678,481.90 12.12 820,000.00 ALBEMARLE 1.875 14-21 08/12A EUR 862,861.40 0.46 600,000.00 AMERICAN INTL GROUP 1.50 16-23 08/06A EUR 621,078.00 0.33 1,000,000.00 AMGEN 1.25 16-22 25/02A EUR 1,035,220.00 0.55 1,600,000.00 AT&T INC 2.65 13-21 17/12A EUR 1,735,744.00 0.93 1,300,000.00 BANK OF AMERICA 0.75 16-23 26/07A EUR 1,306,818.50 0.70 1,700,000.00 CITIGROUP 0.75 16-23 26/10A EUR 1,705,210.50 0.91 1,300,000.00 GENERAL ELECTRIC 0.875 17-25 17/05A EUR 1,297,575.50 0.69 1,200,000.00 GOLDMAN SACHS GROUP 1.375 17-24 15/05A EUR 1,226,496.00 0.66 800,000.00 JP MORGAN CHASE EMTN 2.625 13-21 23/04A EUR 865,592.00 0.46 800,000.00 JPM CHASE 0.625 16-24 25/01A EUR 795,664.00 0.43 1,800,000.00 MET LIFE GLOBAL FDG 0.875 15-22 20/01A EUR 1,838,358.00 0.98 1,200,000.00 MONDELEZ INTL 1.625 15-27 08/03A EUR 1,218,582.00 0.65 900,000.00 PROCTER & GAMBLE 1.25 17-29 25/10A EUR 907,047.00 0.48 1,500,000.00 US BANCORP 0.85 17-24 07/06A EUR 1,509,765.00 0.81 3,000,000.00 VERIZON COMMUNICATIO 1.875 17-29 26/10A EUR 2,994,270.00 1.61 2,000,000.00 WELLS FARGO 1.375 16-26 26/10A EUR 2,040,910.00 1.09 700,000.00 WELLS FARGO & COMP 1.5 17-27 24/05A EUR 717,290.00 0.38 Floating rate notes 36,229,727.50 19.36 France 13,896,394.50 7.42 1,500,000.00 AXA FL.R 10-40 16/04A EUR 1,663,762.50 0.89 1,200,000.00 BNP PARIBAS FL.R 14-26 20/03A EUR 1,283,088.00 0.69 1,000,000.00 CNP ASSURANCES FL.R 10-40 14/09A EUR 1,153,680.00 0.62 2,000,000.00 DANONE SA EMTN FL.R 17-XX 23/06A EUR 2,011,880.00 1.07 1,000,000.00 ENGIE FL.R 13-18 10/07A EUR 1,019,720.00 0.55

Page 22 Natixis AM Funds - Natixis Euro Credit Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets 1,000,000.00 ENGIE SUB FL.R 14-XX 02/06A EUR 1,036,985.00 0.55 1,000,000.00 ORANGE SA SUB FL.R 14-XX 07/02A EUR 1,076,140.00 0.58 600,000.00 RCI BANQUE FL.R 17-22 14/03Q EUR 607,899.00 0.32 400,000.00 RCI BANQUE EMTN FL.R 17-24 04/11Q EUR 402,820.00 0.22 1,600,000.00 SUEZ ENVIRONNEMENT FL.R 14-XX 23/06A EUR 1,688,896.00 0.89 900,000.00 TOTAL SA FL.R 15-XX 26/02A EUR 941,337.00 0.50 900,000.00 TOTAL SA FL.R 16-49 18/05A EUR 1,010,187.00 0.54 Germany 3,500,605.00 1.87 2,000,000.00 ALLIANZ FL.R 12-42 17/10A EUR 2,440,340.00 1.30 1,000,000.00 MERCK KGAA SUB FL.R 14-74 12/12A EUR 1,060,265.00 0.57 Italy 4,169,742.00 2.23 2,500,000.00 ASSICURAZ GENERALI FL.R 12-42 10/07A EUR 3,456,575.00 1.85 700,000.00 MEDIOBANCA FL.R 17-22 18/05Q EUR 713,167.00 0.38 Luxembourg 4,926,820.00 2.63 2,000,000.00 HANNOVER FINANCE FL.R 10-40 14/09A EUR 2,284,060.00 1.22 2,000,000.00 TALANX FINANZ EMTN FL.R 12-42 15/06A EUR 2,642,760.00 1.41 The Netherlands 5,287,367.50 2.83 1,000,000.00 AEGON FL.R 14-44 25/04A EUR 1,126,515.00 0.60 1,800,000.00 IBERDROLA INTL FL.R 17-XX 22/02A EUR 1,804,914.00 0.96 300,000.00 ING BANK EMTN FL.R 13-23 21/11A EUR 309,118.50 0.17 2,000,000.00 VOLKSWAGEN INTL SUB FL.R 13-XX 04/09A EUR 2,046,820.00 1.10 United States of America 4,448,798.50 2.38 2,000,000.00 GENERAL MOTORS FIN FL.R 17-21 10/05Q EUR 2,021,830.00 1.08 900,000.00 JPMORGAN CHASE FL.R 17-28 18/05A EUR 926,496.00 0.50 1,500,000.00 MORGAN STANLEY FL.R 17-26 23/10A EUR 1,500,472.50 0.80

Other transferable securities 10,793,918.50 5.77 Bonds and money market instruments 10,793,918.50 5.77 France 5,258,464.00 2.81 1,100,000.00 COMPAGNIE FIN ET IND 0.75 16-28 09/09A EUR 1,048,201.00 0.56 3,000,000.00 SEB 1.50 17-24 31/05A EUR 3,043,815.00 1.63 1,200,000.00 SODEXHO 0.75 16-27 14/04A EUR 1,166,448.00 0.62 Italy 2,733,420.00 1.46 1,200,000.00 AEROPORTI DI ROMA SPA 1.625 17-27 08/06A EUR 1,227,420.00 0.66 1,500,000.00 ENI SPA 1.00 17-25 14/03A EUR 1,506,000.00 0.80 United Kingdom 2,296,189.50 1.23 600,000.00 RENTOKIL INITIAL 0.95 17-24 22/11A EUR 592,815.00 0.32 1,700,000.00 VODAFONE GROUP PLC 0.375 17-21 22/11A EUR 1,703,374.50 0.91 United States of America 505,845.00 0.27 500,000.00 PARKER HANNIFIN REGS 1.125 17-25 01/03A EUR 505,845.00 0.27

Total securities portfolio 184,749,119.22 98.75

Page 23 Natixis AM Funds - Natixis Euro Inflation

Page 24 Natixis AM Funds - Natixis Euro Inflation Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 76,880,625.67 Securities portfolio at market value 70,263,809.55 Cost price 69,065,612.49 Unrealised profit on the securities portfolio 1,198,197.06 Cash at banks and liquidities 6,220,352.93 Interest receivable 343,376.05 Net unrealised appreciation on forward foreign exchange contracts 47,618.02 Net unrealised appreciation on financial futures 5,469.12 Liabilities 6,032,508.90 Bank overdrafts 212,759.07 Payable for repurchase transactions 5,775,025.79 Redemptions payable 15,302.52 Accrued expenses 23,266.83 Other liabilities 6,154.69 Net asset value 70,848,116.77

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class I (EUR) Capitalisation shares 1,797,051.89 37,654.73 298,022.84 1,536,683.78

Class R (EUR) Capitalisation shares 112,735.39 10,563.10 25,500.92 97,797.57

Page 25 Natixis AM Funds - Natixis Euro Inflation Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 70,848,116.77 80,575,242.54 112,233,200.84

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 1,536,683.78 1,797,051.89 2,551,406.76 Net asset value per share 43.45 42.28 42.76

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 97,797.57 112,735.39 75,414.79 Net asset value per share 41.71 40.67 41.29

Page 26 Natixis AM Funds - Natixis Euro Inflation Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 66,668,317.60 94.10 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 66,668,317.60 94.10 France 29,205,142.81 41.23 1,500,000.00 CADES INDEXEE 1.85 04-19 25/07A EUR 1,851,660.74 2.61 975,000.00 FRANCE OAT INDEX 0.10 16-47 25/07A EUR 1,051,372.14 1.48 2,280,000.00 FRANCE OAT INDEXED 0.25 13-24 25/07A EUR 2,601,833.07 3.67 2,650,000.00 FRANCE OAT INDEXED 1.10 10-22 25/07A EUR 3,294,707.30 4.65 1,550,000.00 FRANCE OAT INDEXED 1.80 06-40 25/07A EUR 2,685,626.41 3.79 1,750,000.00 FRANCE OAT INDEXED 1.85 10-27 25/07A EUR 2,423,113.53 3.42 2,950,000.00 FRANCE OAT INDEXED 2.10 08-23 25/07A EUR 3,928,226.62 5.55 2,480,000.00 FRANCE OAT INDEXED 2.25 03-20 25/07A EUR 3,412,077.59 4.82 1,450,000.00 FRANCE OAT INDEXED 3.15 02-32 25/07A EUR 2,850,877.69 4.02 2,030,000.00 FRANCE OAT INDEXED 3.40 99-29 25/07A EUR 3,852,305.37 5.45 1,050,000.00 FRANCE OAT INDEXEE 0.70 13-30 25/07A EUR 1,253,342.35 1.77 Germany 6,604,407.68 9.32 1,250,000.00 BRD INDEX 0.10 15-26 15/04A EUR 1,417,819.38 2.00 1,550,000.00 BRD INDEXED 0.10 12-23 15/04A EUR 1,764,579.23 2.49 300,000.00 BRD INDEXED 1.75 09-20 15/04U EUR 359,956.29 0.51 920,000.00 DEUTSCHLAND I/L BOND 0.10 15-46 15/04A EUR 1,122,494.35 1.58 1,620,000.00 DEUTSCHLAND INDEXED 0.50 14-30 15/04A EUR 1,939,558.43 2.74 Italy 20,595,511.26 29.07 1,455,000.00 ITALY BTPSI (INDEXEE) 2.55 09-41 15/09S EUR 1,922,408.33 2.71 2,800,000.00 ITALY INFL INDEX 2.10 10-21 15/09S EUR 3,429,198.70 4.84 1,700,000.00 ITALY INFL INDEX 3.10 11-26 15/09S EUR 2,233,280.74 3.15 600,000.00 ITALY INFL. INDEX 0.10 16-22 15/05S EUR 631,199.96 0.89 1,000,000.00 ITALY INFL. INDEX 0.50 15-23 20/04S EUR 1,016,963.85 1.44 1,600,000.00 ITALY INFL. INDEX 1.25 15-32 15/09S EUR 1,657,572.35 2.34 1,900,000.00 ITALY INFL. INDEX 2.35 04-35 15/09S EUR 2,754,611.27 3.89 1,000,000.00 ITALY INFL. INDEX 2.35 08-19 15/09S EUR 1,200,789.13 1.69 1,460,000.00 ITALY INFL. INDEX 2.35 14-24 15/09S EUR 1,711,964.62 2.42 3,000,000.00 ITALY INFL. INDEX 2.60 07-23 15/09S EUR 4,037,522.31 5.70 Spain 6,585,098.85 9.29 700,000.00 SPAIN INDEXED 0.55 14-19 30/11A EUR 743,285.99 1.05 650,000.00 SPAIN INDEXED 0.65 17-27 30/11A EUR 689,720.12 0.97 1,000,000.00 SPAIN INDEXED 1.00 14-30 30/11A EUR 1,080,069.60 1.52 3,450,000.00 SPAIN INDEXED 1.80 13-24 30/11A EUR 4,072,023.14 5.75 United States of America 3,678,157.00 5.19 2,600,000.00 TSY INFL IX N/B 0.125 17-22 15/04S USD 2,181,267.40 3.08 1,750,000.00 US TREASURY INDEXEE 0.125 14-24 15/07S USD 1,496,889.60 2.11

Other transferable securities 929,422.99 1.31 Bonds and money market instruments 929,422.99 1.31 France 929,422.99 1.31 850,000.00 FRANCE BTAN INDEXE 0.10 16-28 01/03A EUR 929,422.99 1.31

Shares/Units of UCITS/UCI 2,666,068.96 3.76 Shares/Units in investment funds 2,666,068.96 3.76 Luxembourg 2,666,068.96 3.76 29,258.88 NIFLI GL INFL -DH-I/A(EUR)-CAP EUR 2,666,068.96 3.76

Total securities portfolio 70,263,809.55 99.18

Page 27 Natixis AM Funds - Natixis Euro Aggregate

Page 28 Natixis AM Funds - Natixis Euro Aggregate Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 878,043,207.37 Securities portfolio at market value 771,336,389.01 Cost price 773,628,357.45 Unrealised loss on the securities portfolio -2,291,968.44 Cash at banks and liquidities 95,337,561.50 Interest receivable 9,722,962.60 Brokers receivable 1,176,809.35 Subscriptions receivable 9,173.25 Net unrealised appreciation on financial futures 460,311.66 Liabilities 76,561,199.59 Bank overdrafts 5,307,701.40 Payable for repurchase transactions 70,841,322.35 Redemptions payable 74,904.27 Net unrealised depreciation on swaps 16,977.42 Accrued expenses 237,858.11 Other liabilities 82,436.04 Net asset value 801,482,007.78

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class SI (EUR) Capitalisation shares 1,309,391.63 490,194.93 1,354,877.66 444,708.90

Class SI (EUR) Distribution shares 5,112,547.77 109,831.30 322,580.52 4,899,798.55

Class I (EUR) Capitalisation shares 1,214.72 450.67 551.57 1,113.82

Class I (EUR) Distribution shares 105.73 0.27 5.29 100.71

Class N (EUR) Capitalisation shares 275.00 0.00 0.00 275.00

Class R (EUR) (*) Capitalisation shares 746,761.91 25,792.02 411,955.11 360,598.82

Class R (EUR) (*) Distribution shares 6,955.48 113.41 333.41 6,735.48

Class RE (EUR) (*) Distribution shares 0.00 21,116.73 1,073.13 20,043.60

Class RE (EUR) (*) Capitalisation shares 0.00 101.14 0.00 101.14

Page 29 Natixis AM Funds - Natixis Euro Aggregate Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 801,482,007.78 981,727,415.47 822,612,214.28

Class SI (EUR) EUR EUR EUR Capitalisation shares Number of shares 444,708.90 1,309,391.63 446,893.90 Net asset value per share 106.84 105.19 106.68

Class SI (EUR) EUR EUR EUR Distribution shares Number of shares 4,899,798.55 5,112,547.77 4,263,431.43 Net asset value per share 100.59 100.04 103.49 Dividend per share 1.02 2.01 0.68

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 1,113.82 1,214.72 1,192.73 Net asset value per share 170,915.75 168,519.11 171,430.00

Class I (EUR) EUR EUR EUR Distribution shares Number of shares 100.71 105.73 113.14 Net asset value per share 123,782.84 123,111.24 127,363.44 Dividend per share 1,070.98 2,107.05 2,389.40

Class N (EUR) EUR EUR EUR Capitalisation shares Number of shares 275.00 275.00 275.00 Net asset value per share 101.42 100.06 101.93

Class R (EUR) (*) EUR EUR EUR Capitalisation shares Number of shares 360,598.82 746,761.91 728,791.70 Net asset value per share 154.27 152.43 155.75

Class R (EUR) (*) EUR EUR EUR Distribution shares Number of shares 6,735.48 6,955.48 9,336.69 Net asset value per share 131.88 131.17 135.70 Dividend per share 0.86 1.66 1.97

Class RE (EUR) (*) EUR EUR EUR Distribution shares Number of shares 20,043.60 0.00 0.00 Net asset value per share 83.87 0.00 0.00

Class RE (EUR) (*) EUR EUR EUR Capitalisation shares Number of shares 101.14 0.00 0.00 Net asset value per share 123.56 0.00 0.00

(*) Launched on 04/10/17

Page 30 Natixis AM Funds - Natixis Euro Aggregate Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 680,474,675.02 84.90 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 644,819,248.52 80.45 Australia 1,067,380.00 0.13 1,000,000.00 SGSP AUSTRALIA EMTN 2.00 14-22 30/06A EUR 1,067,380.00 0.13 Belgium 9,111,121.25 1.14 125,000.00 BELGIQUE OLO 4.00 12-32 28/03A EUR 175,441.25 0.02 6,000,000.00 BELGIUM OLO 5.50 98-28 28/03A EUR 8,935,680.00 1.12 Bermuda 3,270,010.00 0.41 2,000,000.00 BACARDI 2.75 13-23 03/07A EUR 2,213,460.00 0.28 1,000,000.00 FIL LIMITED 2.50 16-26 04/11A EUR 1,056,550.00 0.13 Canada 1,510,770.00 0.19 1,500,000.00 TORONTO-DOMINION B 0.50 17-24 03/04A EUR 1,510,770.00 0.19 Chile 1,902,887.65 0.24 2,250,000.00 CHILI 3.125 16-26 21/01S USD 1,902,887.65 0.24 Denmark 3,045,060.00 0.38 1,000,000.00 ISS GLOBAL 1.125 14-20 09/01A EUR 1,018,480.00 0.13 2,000,000.00 JYSKE BANK A/S 0.625 16-21 14/04A EUR 2,026,580.00 0.25 France 159,216,665.99 19.86 1,000,000.00 ACCOR SA 2.625 14-21 05/02A EUR 1,071,510.00 0.13 4,000,000.00 AGENCE FRANCAISE D 0.125 16-21 31/03A EUR 4,033,160.00 0.50 1,200,000.00 ARRFP 1.125 14-21 15/01A EUR 1,234,056.00 0.15 500,000.00 AXA SUB 5.125 13-43 04/07A EUR 601,340.00 0.08 2,000,000.00 BPCE 2.875 16-26 22/04A EUR 2,217,400.00 0.28 5,000,000.00 BPIFRANCE FINANCE SA 0.75 14-21 25/10A EUR 5,160,150.00 0.64 2,000,000.00 CARREFOUR SA 0.75 16-24 26/04A EUR 1,996,240.00 0.25 5,000,000.00 DEXIA CREDIT LOCAL 2.00 14-21 22/01A EUR 5,324,250.00 0.66 1,000,000.00 EDENRED SA 1.375 15-25 10/03A EUR 1,025,440.00 0.13 1,000,000.00 EUTELSAT 2.625 13-20 13/01A EUR 1,045,890.00 0.13 10,000,000.00 FRANCE 1.00 16-27 25/05A EUR 10,335,500.00 1.29 9,000,000.00 FRANCE GOVT 4.50 09-41 25/04A EUR 14,377,320.00 1.79 7,000,000.00 FRANCE (GOVT OF) 1.75 17-39 25/06A EUR 7,385,560.00 0.92 200,000.00 FRANCE OAT 1.75 12-23 25/05A EUR 219,180.00 0.03 15,000,000.00 FRANCE OAT 1.75 13-24 25/11A EUR 16,596,749.99 2.08 10,000,000.00 FRANCE OAT 2.25 13-24 25/05A EUR 11,366,800.00 1.42 5,000,000.00 FRANCE OAT 3.25 12-45 25/05A EUR 6,754,300.00 0.84 6,000,000.00 FRANCE OAT 4.75 04-35 25/04A EUR 9,330,420.00 1.16 7,000,000.00 FRANCE OAT 5.50 98-29 25/04A EUR 10,569,090.00 1.32 4,000,000.00 FRANCE OAT 5.75 00-32 25/10A EUR 6,574,040.00 0.82 100,000.00 HSBC SFH 2.00 13-23 16/10A EUR 110,295.00 0.01 1,000,000.00 ICADE 1.75 16-26 10/06A EUR 1,040,650.00 0.13 1,300,000.00 ILIAD SA 1.50 17-24 14/10A EUR 1,305,577.00 0.16 1,300,000.00 ILIAD SA 2.125 15-22 05/12A EUR 1,372,878.00 0.17 1,000,000.00 IMERYS 0.875 16-22 31/03A EUR 1,018,090.00 0.13 2,000,000.00 LAGARDERE 1.625 17-24 21/06A EUR 1,990,080.00 0.25 500,000.00 ORANGE EMTN 8.125 03-33 28/01A EUR 936,140.00 0.12 1,600,000.00 PSA BANQUE FRANCE 0.50 17-20 17/01A EUR 1,614,592.00 0.20 1,100,000.00 PSA BANQUE FRANCE 0.625 17-22 10/10A EUR 1,099,989.00 0.14 7,900,000.00 RESEAU FERRE FRANCE 4.375 06-22 02/06A EUR 9,428,729.00 1.18 7,000,000.00 RFF 2.625 14-25 29/12A EUR 8,130,080.00 1.01 1,000,000.00 SANEF SA 1.875 15-26 16/03A EUR 1,063,560.00 0.13 1,000,000.00 SANOFI 1.125 16-28 05/04A EUR 1,017,800.00 0.13 2,000,000.00 SOCIETE GENERALE 4.00 13-23 07/06A EUR 2,314,220.00 0.29 1,000,000.00 TOTAL CAPITAL 0.75 16-28 12/07A EUR 970,350.00 0.12 6,000,000.00 UNEDIC 0.875 14-22 25/10A EUR 6,255,720.00 0.78 1,000,000.00 VERITAS SA 1.25 16-23 07/09A EUR 1,015,350.00 0.13 1,300,000.00 WENDEL 1.00 16-23 20/04A EUR 1,314,170.00 0.16 Germany 7,433,640.00 0.93 2,000,000.00 BERTELSMANN 1.125 16-26 27/04A EUR 2,034,720.00 0.25 1,000,000.00 LAND NORDRHEIN WEST 1.25 16-36 12/05A EUR 983,880.00 0.12 4,000,000.00 LAND NORDRHEIN-WEST. 0.75 16-41 16/08A EUR 3,426,880.00 0.44 800,000.00 MUNICH RE 6.25 12-42 26/05A EUR 988,160.00 0.12 Guernsey 1,025,240.00 0.13 1,000,000.00 CS GUERNSEY 0.75 14-21 17/09A EUR 1,025,240.00 0.13

Page 31 Natixis AM Funds - Natixis Euro Aggregate Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

Ireland 33,675,084.00 4.20 600,000.00 AIB MTGE BK 2.25 14-21 26/03A EUR 645,708.00 0.08 3,200,000.00 AIB MTGE BK REGS 0.625 15-22 03/02A EUR 3,277,792.00 0.41 2,000,000.00 AQUARIUS INVESTMENTS 4.25 13-43 02/10A EUR 2,335,540.00 0.29 2,000,000.00 BK OF IRELAND MTGE BK 3.625 13-20 02/10A EUR 2,209,580.00 0.28 1,200,000.00 FCA CAPITAL IRELAND 1.00 17-21 15/11A EUR 1,227,588.00 0.15 2,000,000.00 FCA CAPITAL IRELAND P 1.25 16-20 23/09A EUR 2,059,820.00 0.26 1,000,000.00 GENERAL ELECTRIC CAP 1.625 13-18 15/03A EUR 1,003,780.00 0.13 2,000,000.00 IRELAND 3.90 13-23 20/03A EUR 2,398,800.00 0.30 10,000,000.00 IRISH GOVT TREASURY 5.40 09-25 13/03A EUR 13,525,500.00 1.68 4,000,000.00 IRLANDE REGS 2.00 15-45 18/02A EUR 4,205,160.00 0.52 800,000.00 PARTNERRE IRELAND FIN 1.25 16-26 15/09A EUR 785,816.00 0.10 Israel 8,469,534.00 1.06 8,200,000.00 ISRAEL 1.50 17-27 18/01A EUR 8,469,534.00 1.06 Italy 120,114,389.00 14.99 1,000,000.00 ACEA SPA 2.625 14-24 15/07A EUR 1,104,200.00 0.14 1,800,000.00 ASSICURAZ GENERALI 7.75 12-42 12/12A EUR 2,326,302.00 0.29 900,000.00 ATLANTIA SPA 1.625 17-25 03/02A EUR 923,247.00 0.12 4,200,000.00 BANCA POPOLARE DI 0.625 16-23 08/06A EUR 4,191,768.00 0.52 2,000,000.00 BANCO POPOLARE 0.75 15-22 31/03A EUR 2,025,360.00 0.25 1,600,000.00 CAMPARI 2.75 15-20 30/09A EUR 1,707,888.00 0.21 2,000,000.00 CASSA DEPOSITI E P 1.5 17-24 21/06A EUR 2,005,560.00 0.25 3,500,000.00 CREDEM REGS 0.875 14-21 05/11A EUR 3,585,890.00 0.45 1,000,000.00 ENI SPA 4.00 10-20 29/06A EUR 1,098,830.00 0.14 1,000,000.00 ENI SPA 0.625 16-24 19/09A EUR 984,270.00 0.12 700,000.00 INTESA SAN PAOLO 1.125 15-22 04/03A EUR 716,086.00 0.09 3,000,000.00 INTESA SAN PAOLO 3.25 14-26 10/02A EUR 3,589,050.00 0.45 5,000,000.00 INTESA SAN PAOLO 5.00 11-21 27/01A EUR 5,745,600.00 0.72 1,600,000.00 INTESA SAN PAOLO FL.R 17-22 19/04Q EUR 1,640,080.00 0.20 2,000,000.00 INTESA SANPAOLO EMTN 3.75 12-19 25/09A EUR 2,139,400.00 0.27 10,000,000.00 ITALIE 1.50 15-25 01/06S EUR 9,958,700.00 1.24 10,000,000.00 ITALY 3.50 14-30 01/03S EUR 11,217,600.00 1.40 5,000,000.00 ITALY 3.75 06-21 01/08S EUR 5,601,700.00 0.70 8,000,000.00 ITALY BOT 3.75 13-21 01/05S EUR 8,909,920.00 1.11 13,000,000.00 ITALY BTP 1.35 15-22 15/04S EUR 13,394,160.00 1.67 7,000,000.00 ITALY BTP 2.70 16-47 01/03S EUR 6,369,370.00 0.79 5,000,000.00 ITALY BTP 4.25 09-20 01/03S EUR 5,465,000.00 0.68 100,000.00 ITALY BTP 5.00 09-25 01/03S EUR 123,957.00 0.02 2,200,000.00 ITALY BTP 5.50 12-22 01/11S EUR 2,693,064.00 0.34 200,000.00 ITALY BTP 5.75 02-33 01/02S EUR 278,778.00 0.03 13,000,000.00 ITALY BTP 5.00 03-34 01/08S EUR 17,054,700.00 2.13 1,100,000.00 MEDIOBANCA 0.625 17-22 27/09A EUR 1,091,849.00 0.14 1,000,000.00 POSTE VITA SUB 2.875 14-19 30/05A EUR 1,039,640.00 0.13 3,000,000.00 UBI BANCA 1.25 14-25 07/02A EUR 3,132,420.00 0.39 Ivory Coast 4,845,513.83 0.60 2,400,000.00 AFD 1.125 16-19 20/09S USD 1,968,827.45 0.25 3,500,000.00 BANQUE AFRICAINE DEV 1.00 16-19 15/05S USD 2,876,686.38 0.35 Lettonia 2,723,450.00 0.34 2,500,000.00 LETTONIE REPU OF 2.625 14-21 21/01A EUR 2,723,450.00 0.34 Luxembourg 33,013,216.66 4.12 6,000,000.00 BEI 0.05 17-23 15/12A EUR 6,006,420.00 0.75 5,000,000.00 EFSF 2.35 14-44 29/08A EUR 6,049,150.00 0.75 6,000,000.00 EUROP INVEST BK 2.875 10-20 15/09S USD 5,094,503.66 0.64 8,000,000.00 EUROPEAN UNION 0.75 16-31 04/04A EUR 7,920,320.00 0.98 1,000,000.00 EUROPEAN UNION 3.00 11-26 04/09A EUR 1,224,890.00 0.15 5,000,000.00 EUROP.INVEST.BK 1.00 16-32 14/04A EUR 5,016,800.00 0.63 100,000.00 EUROP.INVEST.BK 4.50 09-25 15/10A EUR 132,778.00 0.02 1,500,000.00 PROLOGIS INTL FUND II 1.876 15-25 17/04A EUR 1,568,355.00 0.20 Norway 805,408.00 0.10 800,000.00 SANTANDER CONSUMER 0.375 17-20 17/02A EUR 805,408.00 0.10 Portugal 46,110,454.00 5.75 2,000,000.00 CAIXA GERAL DEPO 1.00 15-22 27/01A EUR 2,040,660.00 0.25 1,800,000.00 GALP ENERGIA 1.00 17-23 15/02A EUR 1,789,524.00 0.22 6,000,000.00 PORTUGAL 2.20 15-22 17/10A EUR 6,510,660.00 0.81 5,000,000.00 PORTUGAL 2.875 16-26 21/07A EUR 5,456,550.00 0.68 3,000,000.00 PORTUGAL 4.10 06-37 15/04A EUR 3,577,500.00 0.45

Page 32 Natixis AM Funds - Natixis Euro Aggregate Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets 10,000,000.00 PORTUGAL 5.65 13-24 15/02A EUR 12,726,000.00 1.59 10,000,000.00 PORTUGAL REGS 144A 4.125 17-27 14/04A EUR 11,867,100.00 1.48 2,000,000.00 PORTUGUESE OT'S 4.75 09-19 14/06A EUR 2,142,460.00 0.27 Slovakia 5,239,545.73 0.65 3,500,000.00 SLOVAK REPUBLIC 4.375 12-22 21/05S USD 3,150,145.73 0.39 2,000,000.00 SLOVAKIA GOV 2.00 17-47 17/10A EUR 2,089,400.00 0.26 Spain 132,738,174.00 16.56 1,500,000.00 AMADEUS CAPITAL MKT 0.125 16-20 06/10A EUR 1,501,080.00 0.19 1,200,000.00 BANCO DE SABADELL SA 0.875 17-23 05/03A EUR 1,189,692.00 0.15 1,900,000.00 BANCO POPULAR ESPANOL 0.75 15-20 29/09A EUR 1,941,971.00 0.24 7,100,000.00 BANCO SANTANDER 0.75 15-22 09/09A EUR 7,289,570.00 0.91 1,000,000.00 BANCO SANTANDER 1.375 17-22 09/02A EUR 1,031,800.00 0.13 100,000.00 BBVA 3.875 13-23 30/01A EUR 118,625.00 0.01 15,000,000.00 BONOS Y OBLIG DEL 1.45 17-27 31/10A EUR 14,853,000.00 1.85 1,200,000.00 CAIXABANK SA 1.125 17-24 17/05A EUR 1,204,920.00 0.15 2,900,000.00 COMUNIDAD DE MADRID 0.997 16-24 30/09A EUR 2,922,852.00 0.36 1,000,000.00 CRITERIA CAIXA SA 1.5 17-23 10/05A EUR 1,010,990.00 0.13 2,000,000.00 FADE 3.875 13-18 17/03A EUR 2,016,260.00 0.25 9,500,000.00 FADE 5.90 11-21 17/03A EUR 11,252,465.00 1.40 8,000,000.00 ICO 0.25 17-22 30/04A EUR 8,003,120.00 1.00 160,000.00 ICO REGS 0.50 16-23 26/10A EUR 157,987.20 0.02 1,200,000.00 SANTAN CONSUMER FI 0.875 17-22 24/01A EUR 1,217,712.00 0.15 600,000.00 SANTANDER ISSUANCES 2.50 15-25 18/03A EUR 631,248.00 0.08 10,000,000.00 SPAIN 2.15 15-25 31/10A EUR 10,763,200.00 1.34 5,000,000.00 SPAIN 4.20 05-37 31/01A EUR 6,398,750.00 0.80 4,000,000.00 SPAIN 4.85 10-20 31/10A EUR 4,559,760.00 0.57 7,060,000.00 SPAIN 5.50 11-21 30/04A EUR 8,339,695.60 1.04 200,000.00 SPAIN 5.75 01-32 30/07A EUR 293,444.00 0.04 5,000,000.00 SPAIN 5.85 11-22 31/01A EUR 6,155,350.00 0.77 15,230,000.00 SPAIN GOVT 5.40 13-23 31/01A EUR 19,041,155.20 2.38 6,000,000.00 SPAIN STRIP 2.75 14-24 31/10A EUR 6,765,960.00 0.84 300,000.00 SPANISH 4.00 10-20 30/04A EUR 329,367.00 0.04 10,000,000.00 SPANISH GOV'T 5.90 11-26 30/07A EUR 13,748,200.00 1.72 Sweden 4,612,890.00 0.58 1,000,000.00 NORDEA BANK EMTN 4.50 10-20 26/03A EUR 1,097,840.00 0.14 2,500,000.00 SECURITAS 1.25 16-22 15/03A EUR 2,575,675.00 0.32 900,000.00 SKF REGS 1.625 15-22 02/12A EUR 939,375.00 0.12 Switzerland 998,420.00 0.12 1,000,000.00 EUROFIMA 0.25 16-23 25/04A EUR 998,420.00 0.12 The Netherlands 27,159,741.49 3.39 2,000,000.00 ABN AMRO EMTN 7.125 12-22 06/07A EUR 2,559,620.00 0.32 7,000,000.00 BANK V.NED.GEM. 0.25 16-23 22/02A EUR 7,071,330.00 0.89 700,000.00 DEUTSCHE TEL INT FIN 1.50 16-28 03/04A EUR 714,952.00 0.09 1,800,000.00 EDP FINANCE 1.50 17-27 22/11A EUR 1,789,020.00 0.22 1,000,000.00 EVONIK FINANCE BV 0.375 16-24 07/09A EUR 972,980.00 0.12 1,200,000.00 EXOR 2.125 15-22 02/12A EUR 1,281,696.00 0.16 1,200,000.00 FERRARI 0.25 17-21 16/01A EUR 1,192,044.00 0.15 1,000,000.00 GAS NAT FENOSA FIN 1.25 16-26 19/04A EUR 1,004,410.00 0.13 2,500,000.00 HEINEKEN 1.00 16-26 04/05A EUR 2,511,250.00 0.31 50,000.00 NEDERLAND 4.00 05-37 15/01A EUR 76,201.49 0.01 5,000,000.00 NETHERLAND 2.00 14-24 15/07A EUR 5,621,500.00 0.70 1,100,000.00 RELX FINANCE BV 1.375 16-26 12/05A EUR 1,128,666.00 0.14 1,200,000.00 TENNET HOLDING BV 1.875 16-36 13/06A EUR 1,236,072.00 0.15 The Netherlands Antilles 1,827,612.00 0.23 1,800,000.00 TEVA PHARMA FINANCE 2.875 12-19 15/04A EUR 1,827,612.00 0.23 United Kingdom 11,880,487.90 1.48 200,000.00 ASTRAZENECA 0.875 14-21 24/11A EUR 204,954.00 0.03 1,200,000.00 BP CAPITAL MARKETS 0.83 16-24 19/09A EUR 1,206,888.00 0.15 1,500,000.00 FCE BANK PLC 0.869 17-21 13/09A EUR 1,526,220.00 0.19 1,000,000.00 IMPERIAL BRANDS FIN 1.375 17-25 27/01A EUR 1,014,130.00 0.13 3,000,000.00 LLOYDS TSB 6.50 10-20 24/03A EUR 3,422,790.00 0.42 1,000,000.00 MONDI FINANCE 1.50 16-24 15/04A EUR 1,023,550.00 0.13 1,730,000.00 NATIONWIDE BUILDING 6.75 10-20 22/07A EUR 2,010,830.90 0.25 1,500,000.00 VODAFONE GRP 0.50 16-24 30/01A EUR 1,471,125.00 0.18 United States of America 23,022,553.02 2.87 1,246,000.00 ALBEMARLE 1.875 14-21 08/12A EUR 1,311,253.02 0.16

Page 33 Natixis AM Funds - Natixis Euro Aggregate Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets 800,000.00 AMERICAN INTL GROUP 1.50 16-23 08/06A EUR 828,416.00 0.10 2,000,000.00 AT T 2.35 17-29 04/09A EUR 2,024,260.00 0.25 2,000,000.00 BANK OF AMERICA 2.375 14-24 19/06A EUR 2,195,440.00 0.28 2,000,000.00 FEDEX CORP 1.00 16-23 11/01A EUR 2,038,660.00 0.25 1,500,000.00 GOLDMAN SACHS GROUP 1.375 17-24 15/05A EUR 1,533,105.00 0.19 1,400,000.00 GOLDMAN SACHS GROUP 1.625 16-26 27/07A EUR 1,424,822.00 0.18 600,000.00 JOHNSON & JOHNSON 1.65 16-35 20/05A EUR 622,716.00 0.08 1,000,000.00 JPM CHASE 0.625 16-24 25/01A EUR 994,760.00 0.12 900,000.00 KELLOGG CO 1.25 15-25 10/03A EUR 908,127.00 0.11 2,100,000.00 MONDELEZ INTL 1.625 15-27 08/03A EUR 2,134,230.00 0.27 1,700,000.00 PROCTER & GAMBLE 1.25 17-29 25/10A EUR 1,713,022.00 0.21 1,000,000.00 PROLOGIS 1.375 14-20 07/10A EUR 1,032,300.00 0.13 2,100,000.00 WELLS FARGO & COMP 1.5 17-27 24/05A EUR 2,150,442.00 0.28 1,000,000.00 WELLS FARGO CO 2.00 15-26 27/04A EUR 1,072,190.00 0.13 1,000,000.00 WP CAREY AND CO 2.00 15-23 20/01A EUR 1,038,810.00 0.13 Floating rate notes 35,655,426.50 4.45 Australia 513,390.00 0.06 500,000.00 NATL AUSTRALIA BK SUB FL.R 14-24 12/11A EUR 513,390.00 0.06 France 15,954,861.50 2.00 1,000,000.00 ALD SA FL.R 17-20 27/11Q EUR 1,005,840.00 0.13 400,000.00 BNP PARIBAS 4.032 14-XX 25/11A EUR 452,860.00 0.06 2,250,000.00 CNP ASSURANCES FL.R 10-40 14/09A EUR 2,596,162.50 0.33 1,000,000.00 CREDIT AGRICOLE SUB. FL.R 15-XX 13/01A EUR 1,120,960.00 0.14 600,000.00 CREDIT MUTUEL ARKEA FL.R 17-29 25/10A EUR 603,492.00 0.08 1,000,000.00 ENGIE FL.R 13-18 10/07A EUR 1,020,090.00 0.13 1,000,000.00 GROUPAMA SA FL.R 14-XX 28/05A EUR 1,204,580.00 0.15 2,000,000.00 GROUPAMA SUB FL.R 09-39 27/10A EUR 2,274,280.00 0.28 1,000,000.00 LA BANQUE POSTALE FL.R 15-27 19/11A EUR 1,075,650.00 0.13 1,000,000.00 ORANGE SA SUB FL.R 14-XX 07/02A EUR 1,075,950.00 0.13 1,800,000.00 SOCIETE GENERALE FL.R 17-22 01/04Q EUR 1,840,842.00 0.23 1,500,000.00 TOTAL SA FL.R 16-49 18/05A EUR 1,684,155.00 0.21 Germany 2,280,370.00 0.28 1,000,000.00 ALLIANZ FL.R 12-42 17/10A EUR 1,219,900.00 0.15 1,000,000.00 MERCK KGAA SUB FL.R 14-74 12/12A EUR 1,060,470.00 0.13 Sweden 808,016.00 0.10 800,000.00 NORDEA BANK FL.R 16-26 07/09A EUR 808,016.00 0.10 The Netherlands 7,543,298.00 0.95 1,000,000.00 ALLIANZ FINANCE FL.R 11-41 08/07A EUR 1,173,670.00 0.15 1,200,000.00 IBERDROLA INTL FL.R 17-XX 22/02A EUR 1,204,272.00 0.15 900,000.00 MYLAN NV FL.R 17-20 24/05Q EUR 902,286.00 0.11 1,000,000.00 RABOBANK EMTN FL.R 14-26 26/05A EUR 1,060,170.00 0.13 1,000,000.00 SWISS LIFE AG FL.R 15-XX 16/06A EUR 1,154,120.00 0.14 2,000,000.00 VOLKSWAGEN INTL SUB FL.R 13-XX 04/09A EUR 2,048,780.00 0.27 United Kingdom 6,113,842.00 0.76 1,000,000.00 HSBC HLDGS FL.R 14-XX 16/09S EUR 1,107,860.00 0.14 1,500,000.00 HSBC HOLDING FL.R 17-22 27/09Q EUR 1,523,565.00 0.19 1,300,000.00 STANDARD CHARTERED FL.R 17-23 03/10A EUR 1,298,557.00 0.16 2,000,000.00 STANDARD CHARTERED FL.R 13-25 21/10A EUR 2,183,860.00 0.27 United States of America 2,441,649.00 0.30 1,500,000.00 GENERAL MOTORS FIN FL.R 17-21 10/05Q EUR 1,515,540.00 0.18 900,000.00 JPMORGAN CHASE FL.R 17-28 18/05A EUR 926,109.00 0.12

Other transferable securities 11,465,245.00 1.43 Bonds and money market instruments 11,465,245.00 1.43 France 3,914,602.00 0.49 1,100,000.00 AUTOROUTES DU SUD 1.25 17-27 18/01A EUR 1,124,904.00 0.14 800,000.00 BOLLORE SA 2 17-22 25/01A EUR 821,688.00 0.10 1,000,000.00 COMPAGNIE FIN ET IND 0.75 16-28 09/09A EUR 953,400.00 0.12 1,000,000.00 SEB 1.50 17-24 31/05A EUR 1,014,610.00 0.13 Italy 1,082,708.00 0.14 1,100,000.00 IREN SPA 1.50 17-27 24/10A EUR 1,082,708.00 0.14 Spain 3,484,015.00 0.43 2,000,000.00 BANCO BILBAO VIZCA 0.625 17-22 17/01A EUR 2,018,800.00 0.25 1,500,000.00 ENAGAS FINANCIACIO 0.75 16-26 27/10S EUR 1,465,215.00 0.18

Page 34 Natixis AM Funds - Natixis Euro Aggregate Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

The Netherlands 1,047,740.00 0.13 1,000,000.00 WPC EUROBOND 2.25 17-24 19/07A EUR 1,047,740.00 0.13 United States of America 1,936,180.00 0.24 2,000,000.00 VERIZON COMM 1.375 16-28 02/11A EUR 1,936,180.00 0.24

Shares/Units of UCITS/UCI 79,396,468.99 9.91 Shares/Units in investment funds 79,396,468.99 9.91 France 31,207,395.10 3.89 46.00 NAT EU ABS OPP -IC- 2 DEC EUR 5,468,503.00 0.68 90.00 NATIXIS CONVERTIBLES EUE FCP -C- 4 DEC EUR 15,429,986.10 1.92 900.00 NATIXIS CREDIT SUBORD FCP EUR 4 DEC EUR 10,308,906.00 1.29 Ireland 222,564.00 0.03 1,700.00 ISHS CO EUR COR EUR SHS EUR ETF EUR 222,564.00 0.03 Luxembourg 47,966,509.89 5.99 29,306.55 NAT AM MUL AS GL INC I/A H-EUR CAP EUR 2,927,137.80 0.37 75,000.00 NAT GLB BDS ENH BETA IA USD CAP USD 6,543,762.49 0.82 160.00 NATIXIS GLOBAL CURRENCY I/A EUR C EUR 1,616,803.20 0.20 30,000.00 NATIXIS GLOBAL CV BONDS IA (HEUR) EUR 3,189,600.00 0.40 130.00 NATIXIS GLOBAL EMERGING BONDS I/A H-EUR EUR 24,295,606.40 3.03 60,000.00 NIFLI EURO HI -I/A-EUR CAP EUR 9,393,600.00 1.17

Total securities portfolio 771,336,389.01 96.24

Page 35 Natixis AM Funds - Natixis Global Aggregate

Page 36 Natixis AM Funds - Natixis Global Aggregate Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in USD

Assets 106,250,595.35 Securities portfolio at market value 96,796,846.40 Cost price 96,431,845.09 Unrealised profit on the securities portfolio 365,001.31 Cash at banks and liquidities 7,022,397.92 Interest receivable 1,034,825.00 Net unrealised appreciation on forward foreign exchange contracts 1,396,526.03 Liabilities 3,712,846.04 Bank overdrafts 506,737.60 Payable for repurchase transactions 2,379,575.05 Net unrealised depreciation on financial futures 697,600.81 Net unrealised depreciation on swaps 73,268.48 Accrued expenses 47,480.12 Other liabilities 8,183.98 Net asset value 102,537,749.31

Changes in number of shares outstanding from 28/08/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 28/08/17 31/12/17

Class I (H-EUR) (*) Capitalisation shares 0.00 871.40 44.00 827.40

Class I (USD (*) Capitalisation shares 0.00 1.00 0.00 1.00

Key figures

Period ended as at: 31/12/17

Total Net Assets USD 102,537,749.31

Class I (USD (*) USD Capitalisation shares Number of shares 1.00 Net asset value per share 108,299.44

Class I (H-EUR) (*) EUR Capitalisation shares Number of shares 827.40 Net asset value per share 103,095.24

(*) Launched on 28/08/17

Page 37 Natixis AM Funds - Natixis Global Aggregate Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 81,877,213.50 79.85 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 80,012,384.54 78.03 Argentina 498,697.04 0.49 400,000.00 ARGENTINA 5.00 16-27 15/01A EUR 498,697.04 0.49 Australia 681,445.89 0.66 300,000.00 QUEENSLAND TREASURY 4.00 12-19 21/06S AUD 241,551.45 0.24 500,000.00 QUEENSLAND TREASURY 6.00 97-21 14/06S AUD 439,894.44 0.42 Belgium 505,607.65 0.49 300,000.00 BELGIQUE OLO 4.00 12-32 28/03A EUR 505,607.65 0.49 British Virgin Islands 522,720.00 0.51 500,000.00 SINOCHEM OV CAP REG S 4.50 10-20 12/11S USD 522,720.00 0.51 Canada 498,910.26 0.49 600,000.00 CANADA 3.50 09-20 01/06S CAD 498,910.26 0.49 China 533,865.00 0.52 500,000.00 BANK OF CHINA 5.00 14-24 13/11S USD 533,865.00 0.52 Colombia 508,780.00 0.50 400,000.00 COLOMBIA 8.125 04-24 21/05S USD 508,780.00 0.50 Dominican Republic 674,420.00 0.66 200,000.00 DOMINICAN REP REGS 6.85 15-45 27/01S USD 225,696.00 0.22 400,000.00 DOMINICAN REP.REG S 6.60 13-24 28/01S USD 448,724.00 0.44 Egypt 1,423,204.00 1.39 400,000.00 AFREXIMBANK 4.75 14-19 29/07S USD 410,004.00 0.40 1,000,000.00 ARAB REPUBLIC EGYPT 5.875 15-25 11/06S USD 1,013,200.00 0.99 France 8,874,185.76 8.65 300,000.00 AUTOROUTES DU SUD FRA 2.875 13-23 18/01A EUR 404,855.73 0.39 1,000,000.00 FRANCE OAT 0.50 15-25 25/05A EUR 1,220,421.07 1.18 3,000,000.00 FRANCE OAT 1.00 12-18 25/05A EUR 3,626,175.84 3.53 500,000.00 FRANCE OAT 3.25 12-45 25/05A EUR 811,056.34 0.79 100,000.00 FRANCE OAT 6.00 94-25 25/10A EUR 173,514.40 0.17 200,000.00 ILIAD SA 2.125 15-22 05/12A EUR 253,623.37 0.25 300,000.00 ORANGE 1.00 16-25 12/05A EUR 365,142.86 0.36 500,000.00 RALLYE SA 4.371 17-23 23/01A EUR 611,633.48 0.60 350,000.00 RCI BANQUE 1.00 16-23 17/05S EUR 425,777.26 0.42 100,000.00 RTE EDF TRANSPORT 2.00 16-36 18/04A EUR 125,333.50 0.12 400,000.00 SOCIETE GENERALE 1.00 16-22 01/04A EUR 490,882.24 0.48 300,000.00 VERITAS SA 1.25 16-23 07/09A EUR 365,769.67 0.36 Germany 589,124.49 0.57 500,000.00 BASF SE 1.625 17-37 15/11A EUR 589,124.49 0.57 Hungary 229,202.00 0.22 200,000.00 HUNGARY 5.75 13-23 22/11S USD 229,202.00 0.22 India 751,412.50 0.73 500,000.00 EXP IMP BK INDIA REGS 3.375 16-25 05/08S USD 492,155.00 0.48 250,000.00 RELIANCE INDUSTRIES L 4.125 15-25 28/01S USD 259,257.50 0.25 Indonesia 830,141.00 0.81 500,000.00 INDONESIA (REP OF) 4.35 16-27 08/01S USD 529,805.00 0.52 300,000.00 PERUSAHAAN LISTRIK 4.125 17-27 15/05S USD 300,336.00 0.29 Israel 562,520.00 0.55 500,000.00 ISRAEL ELECTRIC CO 9.375 09-20 28/01S USD 562,520.00 0.55 Italy 2,396,662.32 2.34 200,000.00 ATLANTIA SPA 1.625 17-25 03/02A EUR 246,363.34 0.24 400,000.00 ENI SPA 0.625 16-24 19/09A EUR 472,764.56 0.46 1,000,000.00 ITALIE 1.50 15-25 01/06S EUR 1,195,840.70 1.17 200,000.00 TERNA SPA 1.00 16-28 11/10U EUR 230,933.06 0.23 200,000.00 UBI BANCA 1.25 14-25 07/02A EUR 250,760.66 0.24 Ivory Coast 393,468.53 0.38 300,000.00 IVORY COAST REGS 5.125 17-25 15/06A EUR 393,468.53 0.38 Japan 3,717,494.41 3.63 1,000,000.00 DEV BK OF JAPAN 2.875 14-24 19/09S USD 1,006,680.00 0.98 40,000,000.00 JAPAN N52 0.50 16-46 20/09S JPY 329,367.11 0.32 200,000,000.00 JAPAN 026 JGB 2.40 07-37 20/03S JPY 2,381,447.30 2.33 Luxembourg 1,877,803.06 1.83 1,000,000.00 EUROP.INVEST.BK 2.25 14-20 07/03A GBP 1,399,483.60 1.36 300,000.00 EUROP.INVEST.BK 4.50 09-25 15/10A EUR 478,319.46 0.47

Page 38 Natixis AM Funds - Natixis Global Aggregate Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets

Malaysia 205,252.00 0.20 200,000.00 PETRONAS CAPITAL LTD 3.50 15-25 18/03S USD 205,252.00 0.20 Mexico 3,237,967.20 3.16 60,000.00 MEX BONOS DESARR FIX 10.00 05-24 05/12S MXN 346,068.37 0.34 145,000.00 MEXICAN BONOS 7.75 11-31 29/05S MXN 742,819.83 0.72 700,000.00 MEXIQUE BONOS 4.00 13-23 02/10S USD 733,866.00 0.72 200,000.00 MEXIQUE MTN 26 4.75 12-44 08/03S USD 202,700.00 0.20 500,000.00 PEMEX 5.50 10-21 21/01S USD 531,885.00 0.52 600,000.00 PEMEX 6.875 17-26 04/02S USD 680,628.00 0.66 Micronesian Islands 528,160.00 0.52 500,000.00 KAZMUNAYGAS NATION 4.75 17-27 19/04S USD 528,160.00 0.52 Morocco 672,429.99 0.66 500,000.00 MAROC 3.50 14-24 19/06A EUR 672,429.99 0.66 New Zealand 1,238,447.69 1.21 1,500,000.00 NEW ZEALAND 5.50 11-23 15/04S NZD 1,238,447.69 1.21 Norway 794,912.00 0.78 800,000.00 STATOIL ASA 2.45 12-23 17/01S USD 794,912.00 0.78 Oman 202,400.00 0.20 200,000.00 OMAN 5.375 17-27 08/03S USD 202,400.00 0.20 Philippines 1,966,140.00 1.92 2,000,000.00 ASIAN DEV BANK 2.375 17-27 10/08S USD 1,966,140.00 1.92 Poland 1,074,496.56 1.05 3,500,000.00 POLAND 4.00 12-23 25/10A PLN 1,074,496.56 1.05 Portugal 9,232,903.18 9.00 500,000.00 BRISA CONC RODOVIARIA 2.375 17-27 10/05A EUR 638,231.21 0.62 1,500,000.00 PORTUGAL 4.95 08-23 25/10A EUR 2,221,311.89 2.17 1,400,000.00 PORTUGAL 5.65 13-24 15/02A EUR 2,139,393.31 2.09 2,500,000.00 PORTUGAL REGS 144A 4.125 17-27 14/04A EUR 3,562,503.42 3.47 500,000.00 PORTUGUESE OT'S 4.80 10-20 15/06A EUR 671,463.35 0.65 Russia 1,194,554.83 1.16 30,000,000.00 RUSSIAN FEDERAT REGS 7.85 11-18 10/03S RUB 521,546.83 0.51 600,000.00 RUSSIE (FED OF) 5.625 12-42 04/04S USD 673,008.00 0.65 South Africa 1,714,222.59 1.67 15,000,000.00 SOUTH AFRICA 7.75 12-23 28/02S ZAR 1,204,483.36 1.17 7,000,000.00 SOUTH AFRICA 8.50 13-37 31/01S ZAR 509,739.23 0.50 Spain 1,425,025.38 1.39 200,000.00 BANCO SANTANDER 1.375 17-22 09/02A EUR 247,797.09 0.24 400,000.00 FADE 5.90 11-21 17/03A EUR 568,924.63 0.55 200,000.00 SANTAN CONSUMER FI 0.875 17-22 24/01A EUR 243,704.76 0.24 300,000.00 SPAIN 2.90 16-46 31/10A EUR 364,598.90 0.36 Sri Lanka 512,485.00 0.50 500,000.00 SRI LANKA REGS 6.00 14-19 14/01S USD 512,485.00 0.50 Sweden 984,450.00 0.96 1,000,000.00 SWEDISH EXPORT CREDIT 1.125 16-19 28/08S USD 984,450.00 0.96 The Netherlands 2,195,524.51 2.14 100,000.00 AKZO NOBEL REGS 1.125 16-26 08/04A EUR 120,740.44 0.12 300,000.00 ENEL FINANCE INTL 5.00 09-22 14/09A EUR 440,472.65 0.43 200,000.00 EXOR 2.125 15-22 02/12A EUR 256,510.09 0.25 600,000.00 MYLAN NV 3.95 17-26 15/06S USD 603,846.00 0.58 500,000.00 PETROBRAS GLB FIN 6.25 14-24 17/03S USD 531,790.00 0.52 200,000.00 VW INTL FINANCE 0.50 17-21 30/03A EUR 242,165.33 0.24 United Kingdom 700,498.69 0.68 550,000.00 UNITED KINGDOM 1.50 16-47 22/07S GBP 700,498.69 0.68 United States of America 23,789,081.01 23.19 400,000.00 ABBVIE 3.60 15-25 14/05S USD 411,112.00 0.40 300,000.00 ALTRIA GROUP INC 2.85 12-22 09/08S USD 302,226.00 0.29 500,000.00 AMAZON.COM 3.80 14-24 05/12S USD 529,290.00 0.52 500,000.00 AMERICAN INTL GRP 6.25 06-36 01/05S USD 644,435.00 0.63 500,000.00 AMGEN 2.25 16-23 19/08S USD 485,545.00 0.47 300,000.00 APPLE INC 2.85 16-23 23/02S USD 304,095.00 0.30 600,000.00 BANK OF AMERICA -216- 6.00 06-36 15/10S USD 784,266.00 0.76 600,000.00 BECTON DICKINSON CO 3.70 17-37 06/06S USD 605,274.00 0.59 200,000.00 BRISTOL-MYERS SQUI 2.00 12-22 01/08S USD 195,840.00 0.19 700,000.00 CATERPILLAR 5.30 05-35 15/09S USD 867,716.50 0.85

Page 39 Natixis AM Funds - Natixis Global Aggregate Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets 300,000.00 CISCO SYSTEMS 3.625 14-24 04/03S USD 316,836.00 0.31 300,000.00 COCA COLA 3.20 13-23 01/11S USD 311,478.00 0.30 400,000.00 COMCAST CORP 1.625 16-22 15/01S USD 387,124.00 0.38 500,000.00 EI DU PONT DE NEMOURS 2.80 13-23 15/02S USD 502,040.00 0.49 500,000.00 FANNIE MAE 2.625 14-24 06/09S USD 506,655.00 0.49 1,100,000.00 FANNIE MAE 6.25 99-29 15/05S USD 1,468,665.00 1.43 500,000.00 FEDEX CORP 4.00 14-24 15/01S USD 532,510.00 0.52 500,000.00 FREDDIE MAC 2.375 12-22 13/01S USD 504,110.00 0.49 400,000.00 GENERAL ELECTRIC MTNA 6.75 02-32 15/03S USD 546,932.00 0.53 500,000.00 GENERAL MOTORS 4.375 14-21 25/09S USD 524,610.00 0.51 400,000.00 GOLDMAN SACHS GRP INC 6.125 03-33 15/02A USD 511,252.00 0.50 300,000.00 GOOGLE INC 3.375 14-24 25/02S USD 312,069.00 0.30 500,000.00 HCP INC 4.00 15-25 01/06S USD 515,185.00 0.50 1,200,000.00 INTL FINANCE CORP 2.00 17-22 24/10S USD 1,182,984.00 1.15 600,000.00 JPMORGAN CHASE CO 4.125 14-26 15/12S USD 633,294.00 0.62 500,000.00 SIMON PROPERTY GRO 3.25 16-26 30/11S USD 499,245.00 0.49 400,000.00 US BANCORP 2.95 12-22 15/07S USD 405,460.00 0.40 2,000,000.00 US TREASURY 4.50 06-36 15/02S USD 2,576,406.26 2.51 2,500,000.00 US TREASURY INDEXEE FL.R 15-20 15/04S USD 2,628,621.25 2.56 3,200,000.00 US TREASURY N/B 2.875 16-46 15/11S USD 3,284,000.00 3.21 500,000.00 WELLS FARGO CO SUB-M- 3.45 13-23 13/02S USD 509,805.00 0.50 Uruguay 287,450.00 0.28 200,000.00 URUGUAY (PIK) 7.875 03-33 15/01S USD 287,450.00 0.28 Venezuela 1,986,320.00 1.94 2,000,000.00 CORP ANDINA 2.20 17-20 18/07S USD 1,986,320.00 1.94 Floating rate notes 1,864,828.96 1.82 France 951,475.96 0.93 300,000.00 BNP PARIBAS FL.R 14-26 20/03A EUR 385,222.64 0.38 420,000.00 TOTAL SA FL.R 16-49 18/05A EUR 566,253.32 0.55 Namibia 306,705.00 0.30 300,000.00 NAMIBIA (REP OF) REGS FL.R 15-25 29/10S USD 306,705.00 0.30 United States of America 606,648.00 0.59 600,000.00 MORGAN STANLEY FL.R 17-28 22/07S USD 606,648.00 0.59

Other transferable securities 6,155,013.41 6.00 Bonds and money market instruments 5,911,976.29 5.76 Canada 1,759,053.58 1.71 1,050,000.00 CPPIB CAPITAL INC 0.375 17-24 20/06' EUR 1,253,867.56 1.22 500,000.00 ONTARIO (PROVINCE 4.60 08-39 02/06S CAD 505,186.02 0.49 France 841,305.68 0.82 100,000.00 BPCE SA 1.125 17-23 18/01A EUR 123,181.66 0.12 300,000.00 COMPAGNIE FIN ET IND 0.75 16-28 09/09A EUR 343,452.81 0.33 300,000.00 IMERYS SA 1.875 16-28 31/03A EUR 374,671.21 0.37 Luxembourg 1,198,554.51 1.16 1,000,000.00 BON Y OBL DEL ESTADO 1.30 16-26 31/10A EUR 1,198,554.51 1.16 Qatar 292,857.00 0.29 300,000.00 STATE OF QATAR 3.25 16-26 02/06S USD 292,857.00 0.29 South Africa 307,356.00 0.30 300,000.00 SOUTH AFRICA 4.875 16-26 14/04S USD 307,356.00 0.30 The Netherlands 356,046.81 0.35 300,000.00 GAS NAT FENOSA 0.875 17-25 15/05A EUR 356,046.81 0.35 United Kingdom 118,671.46 0.12 100,000.00 RENTOKIL INITIAL 0.95 17-24 22/11A EUR 118,671.46 0.12 United States of America 1,038,131.25 1.01 500,000.00 DIAMOND 1 FIN 144A 6.02 16-26 15/06S USD 551,130.00 0.54 400,000.00 PARKER HANNIFIN REGS 1.125 17-25 01/03A EUR 487,001.25 0.47 Floating rate notes 243,037.12 0.24 Belgium 243,037.12 0.24 200,000.00 KBC GROUP NV FL.R 17-22 24/11Q EUR 243,037.12 0.24

Shares/Units of UCITS/UCI 8,764,619.49 8.55 Shares/Units in investment funds 8,764,619.49 8.55 Luxembourg 8,764,619.49 8.55 40,000.00 NATIXIS GLOBAL CV BONDS IA (USD) USD 4,360,800.00 4.25

Page 40 Natixis AM Funds - Natixis Global Aggregate Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets 16.00 NATIXIS GLOBAL EMERGING BONDS I/A USD USD 2,335,849.76 2.28 11,000.00 NIFLI EURO HI -I/A-EUR CAP EUR 2,067,969.73 2.02

Total securities portfolio 96,796,846.40 94.40

Page 41 Natixis AM Funds - Natixis Credit Opportunities

Page 42 Natixis AM Funds - Natixis Credit Opportunities Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 82,761,689.31 Securities portfolio at market value 77,757,351.22 Cost price 78,283,363.99 Unrealised loss on the securities portfolio -526,012.77 Cash at banks and liquidities 3,842,560.07 Interest receivable 801,814.48 Brokers receivable 251,992.26 Subscriptions receivable 691.22 Net unrealised appreciation on forward foreign exchange contracts 72,815.44 Net unrealised appreciation on financial futures 34,464.62 Liabilities 330,380.58 Bank overdrafts 259,477.44 Net unrealised depreciation on swaps 6,637.34 Accrued expenses 32,882.95 Other liabilities 31,382.85 Net asset value 82,431,308.73

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class SI (EUR) Capitalisation shares 183,744.40 33,243.49 44,792.51 172,195.38

Class I (EUR) Capitalisation shares 956.07 241.42 94.59 1,102.90

Class I (H-CHF) Capitalisation shares 11.70 0.00 7.70 4.00

Class I (H-GBP) Capitalisation shares 57.42 0.00 0.96 56.46

Class I (H-USD) Capitalisation shares 743.61 267.67 374.59 636.69

Class R (EUR) Capitalisation shares 7,152.65 113.23 5,270.00 1,995.88

Class RE (EUR) Capitalisation shares 6,106.65 0.00 926.00 5,180.65

Class RE (H-USD) Capitalisation shares 2,793.00 0.00 312.00 2,481.00

Class RE (H-CHF)(*) Capitalisation shares 6,400.00 0.00 6,400.00 0.00

Page 43 Natixis AM Funds - Natixis Credit Opportunities Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 82,431,308.73 76,440,013.68 59,906,914.73

Class SI (EUR) EUR EUR EUR Capitalisation shares Number of shares 172,195.38 183,744.40 176,349.85 Net asset value per share 103.13 102.59 100.01

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 1,102.90 956.07 685.75 Net asset value per share 57,589.96 57,348.65 55,948.94

Class I (H-CHF) CHF CHF CHF Capitalisation shares Number of shares 4.00 11.70 39.70 Net asset value per share 49,868.41 49,760.53 48,776.90

Class I (H-GBP) GBP GBP GBP Capitalisation shares Number of shares 56.46 57.42 0.00 Net asset value per share 102.40 101.58 0.00

Class I (H-USD) USD USD USD Capitalisation shares Number of shares 636.69 743.61 0.00 Net asset value per share 103.61 102.11 0.00

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 1,995.88 7,152.65 1,300.00 Net asset value per share 99.80 99.59 97.53

Class RE (EUR) EUR EUR EUR Capitalisation shares Number of shares 5,180.65 6,106.65 15,730.00 Net asset value per share 99.14 99.09 97.31

Class RE (H-USD) USD USD USD Capitalisation shares Number of shares 2,481.00 2,793.00 5,167.00 Net asset value per share 102.67 101.58 98.06

Class RE (H-CHF)(*) CHF CHF CHF Capitalisation shares Number of shares 0.00 6,400.00 0.00 Net asset value per share 0.00 100.23 0.00

(*) Closed on 09/11/17.

Page 44 Natixis AM Funds - Natixis Credit Opportunities Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 68,413,084.29 82.99 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 40,679,409.11 49.34 Finland 533,330.00 0.65 500,000.00 CRH FINLAND SERVICES 2.75 13-20 15/10A EUR 533,330.00 0.65 France 9,170,281.36 11.12 600,000.00 AIR FRANCE KLM 6.25 12-18 18/01A EUR 601,536.00 0.73 600,000.00 BFCM EMTN 4.00 10-20 22/10A EUR 664,731.00 0.81 800,000.00 BNP PARIBAS 4.875 05-XX 17/10A EUR 835,328.00 1.01 500,000.00 BNP PARIBAS 7.781 08-XX 02/07A EUR 520,465.00 0.63 800,000.00 CHRISTIAN DIOR SA 0.75 16-21 24/06A EUR 808,308.00 0.98 700,000.00 EUTELSAT SA 5.00 11-19 14/01A EUR 735,983.50 0.89 600,000.00 FAURECIA 3.125 15-22 15/06S EUR 616,986.00 0.75 200,000.00 HAVAS SA 1.875 15-20 08/12A EUR 207,914.00 0.25 700,000.00 KERING 2.50 13-20 15/07A EUR 744,131.50 0.90 511,000.00 LOXAM SAS 4.875 14-21 23/07S EUR 524,186.36 0.64 800,000.00 PEUGEOT 6.50 13-19 18/01A EUR 853,008.00 1.03 600,000.00 RCI BANQUE SA 0.375 19-19 10/07A EUR 603,657.00 0.73 600,000.00 SOCIETE GENERALE 6.125 08-18 20/08A EUR 623,883.00 0.76 800,000.00 WENDEL 1.875 15-20 10/04A EUR 830,164.00 1.01 Germany 2,030,045.00 2.46 300,000.00 CONTINENTAL AG 0.00 16-20 05/02U EUR 300,550.50 0.36 500,000.00 INFINEON TECHNOLOGIES 1.00 15-18 10/09A EUR 503,955.00 0.61 500,000.00 THYSSENKRUPP 3.125 14-19 25/10A EUR 523,677.50 0.64 700,000.00 VOLKSWAGEN LEASING 0.25 17-20 05/10A EUR 701,862.00 0.85 Ireland 1,975,396.55 2.40 1,000,000.00 FCA CAPITAL 1.25 16-21 21/01A EUR 1,028,900.00 1.26 400,000.00 JOHNSON CONT INTL PLC 0.00 17-20 04/12U EUR 398,576.00 0.48 650,000.00 SMURFIT KAP ACQ REGS 4.875 12-18 15/09S USD 547,920.55 0.66 Italy 2,208,192.00 2.68 800,000.00 INTESA SAN PAOLO SPA 4.375 12-19 15/10A EUR 862,968.00 1.05 700,000.00 SNAM 0.00 16-20 25/10A EUR 699,300.00 0.85 600,000.00 TELECOM ITALIA REGS 4.00 12-20 21/01A EUR 645,924.00 0.78 Luxembourg 2,895,418.00 3.51 300,000.00 ARCELORMITTAL 2.875 14-20 06/07A EUR 320,082.00 0.39 800,000.00 CNH IND FIN 2.875 14-21 27/09A EUR 872,932.00 1.06 900,000.00 FIAT FIN TRADE 6.75 13-19 14/10A EUR 1,001,853.00 1.21 600,000.00 HEIDELBERGCEMENT 7.50 10-20 03/04S EUR 700,551.00 0.85 Spain 4,908,650.00 5.95 400,000.00 AMADEUS CAP 0.00 17-19 19/05U EUR 400,470.00 0.49 700,000.00 AMADEUS CAPITAL MKT 0.125 16-20 06/10A EUR 700,304.50 0.85 800,000.00 FADE 0.031 17-20 17/06A EUR 802,240.00 0.97 200,000.00 SANTANDER CONSUMER 0.50 17-21 04/10A EUR 200,992.00 0.24 700,000.00 SANTANDER CONSUMER 0.75 16-19 03/04A EUR 706,863.50 0.86 500,000.00 SANTANDER FIN PFD SA FL.R 04-XX 08/01Q EUR 518,910.00 0.63 1,000,000.00 SPAIN 1.40 14-20 31/01A EUR 1,034,515.00 1.25 500,000.00 TELEFONICA EMISIONES 4.693 09-19 11/11A EUR 544,355.00 0.66 The Netherlands 6,925,854.00 8.40 800,000.00 BMW FINANCE NV 0.125 17-21 12/01A EUR 802,124.00 0.97 1,000,000.00 DEUTSCHE TEL INTL FIN 0.375 17-21 30/10A EUR 1,006,545.00 1.22 500,000.00 EDP FINANCE 2.625 14-19 15/04A EUR 517,232.50 0.63 600,000.00 ENEL FINANCE INTL 4.875 12-20 11/03A EUR 664,368.00 0.81 1,200,000.00 FERRARI 0.25 17-21 16/01A EUR 1,191,612.00 1.44 500,000.00 GENERAL MOTORS 1.875 14-19 15/10A EUR 516,650.00 0.63 700,000.00 MYLAN 1.25 16-20 23/11A EUR 717,027.50 0.87 500,000.00 PACCAR FINANCIAL E 0.125 17-20 19/05A EUR 501,240.00 0.61 500,000.00 SUEDZUCKER INT FIN 4.125 11-18 29/03A EUR 504,992.50 0.61 500,000.00 VW INTL FINANCE 0.50 17-21 30/03A EUR 504,062.50 0.61 United Kingdom 3,584,302.22 4.35 700,000.00 ANGLO AMERICAN CAP 1.50 15-20 01/04A EUR 721,437.50 0.88 726,000.00 FCE BANK PLC 1.528 15-20 09/11 EUR 754,854.87 0.92 600,000.00 HSBC HOLDINGS SUB 6.00 09-10 10/06A EUR 651,168.00 0.79 900,000.00 JAGUAR LAND ROV REGS 4.125 13-18 15/12S USD 759,599.85 0.91 600,000.00 NATIONWIDE BUILDING 6.75 10-20 22/07A EUR 697,242.00 0.85

Page 45 Natixis AM Funds - Natixis Credit Opportunities Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

United States of America 6,447,939.98 7.82 700,000.00 ABBVIE 0.375 16-19 18/11A EUR 704,718.00 0.85 1,000,000.00 BERKSHIRE HATHAWAY 0.50 16-20 13/03A EUR 1,010,685.00 1.24 1,000,000.00 DAIMLER FINANCE NA 1.50 16-19 05/07S USD 823,113.76 1.00 600,000.00 FRONTIER COMMUNICATION8.125 09-18 01/10S USD 498,415.22 0.60 600,000.00 MCKESSON 0.625 17-21 17/08A EUR 604,971.00 0.73 600,000.00 SIMON PROPERTY GROUP 2.375 13-20 02/10A EUR 635,058.00 0.77 600,000.00 WACHOVIA CORP -SUB- 4.375 06-18 27/11A EUR 624,375.00 0.76 800,000.00 WELLS FARGO 1.125 14-21 29/10A EUR 826,248.00 1.00 700,000.00 ZF NA CAPITAL 2.25 15-19 26/04A EUR 720,356.00 0.87 Floating rate notes 27,527,978.30 33.40 Australia 1,544,600.00 1.87 1,000,000.00 NATL AUSTRALIA BK SUB FL.R 14-24 12/11A EUR 1,027,100.00 1.24 500,000.00 ORIGIN ENERGY 7.875 11-71 16/06S EUR 517,500.00 0.63 Belgium 1,039,065.00 1.26 1,000,000.00 KBC GROUP SUB FL.R 14-24 25/11A EUR 1,039,065.00 1.26 Denmark 616,800.00 0.75 600,000.00 DANSKE BANK FL.R 13-23 04/10A EUR 616,800.00 0.75 France 4,605,762.36 5.60 500,000.00 ACCOR FL.R 14-XX 30/06A EUR 534,215.00 0.65 300,000.00 ARKEMA SA FL.R 14-XX 29/10A EUR 329,245.50 0.40 700,000.00 AXA - BONDS 2006 FL.R 06-49 14/12S USD 596,002.66 0.72 200,000.00 CASINO GUICHARD FL.R 12-19 06/08A EUR 213,709.00 0.26 600,000.00 CREDIT AGRICOLE FL.R 08-XX XX/XXA EUR 611,598.00 0.75 500,000.00 ELECT.DE FRANCE FL.R 13-XX 29/01A EUR 531,005.00 0.64 700,000.00 NATIXIS SUB REG S FL.R 08-XX 30/04S USD 596,821.70 0.72 500,000.00 SAFRAN SA FL.R 17-19 28/06Q EUR 502,742.50 0.61 600,000.00 SOCIETE GENE SA SUB FL.R 09-XX 04/09A EUR 690,423.00 0.85 Germany 517,665.00 0.63 500,000.00 RWE SUB REGS FL.R 15-75 21/04A EUR 517,665.00 0.63 Ireland 835,101.60 1.01 1,000,000.00 CLOVERIE PLC EMTN FL.R 12-18 18/01Q USD 835,101.60 1.01 Italy 1,113,320.00 1.35 1,000,000.00 UNICREDIT SPA EMTN FL.R 13-25 28/10A EUR 1,113,320.00 1.35 Jersey Island 834,672.72 1.01 1,000,000.00 GLENCORE FINANCE FL.R 14-18 06/05Q USD 834,672.72 1.01 Luxembourg 601,977.00 0.73 600,000.00 ARCELORMITTAL FL.R 15-18 09/04Q EUR 601,977.00 0.73 Norway 714,878.50 0.87 700,000.00 DNB BANK ASA FL.R 13-23 26/09A EUR 714,878.50 0.87 Spain 3,550,242.00 4.31 600,000.00 BANCO SANTANDER SA FL.R 14-XX 12/03A EUR 628,164.00 0.76 600,000.00 BANKIA SA FL.R 14-24 22/05A EUR 625,155.00 0.76 600,000.00 BBVA FL.R 14-XX 19/02Q EUR 632,211.00 0.77 800,000.00 BBVA FL.R 14-24 11/04A EUR 833,116.00 1.01 800,000.00 CAIXABANK EMTN FL.R 13-23 14/11A EUR 831,596.00 1.01 Sweden 1,676,058.00 2.03 1,000,000.00 SEB FL.R 14-26 28/05A EUR 1,060,605.00 1.28 600,000.00 SVENSKA HANDELSB SUB FL.R 14-24 15/01A EUR 615,453.00 0.75 Switzerland 909,184.00 1.10 800,000.00 CREDIT SUISSE FL.R 13-25 18/09A EUR 909,184.00 1.10 The Netherlands 3,289,577.62 3.99 1,000,000.00 ING BANK EMTN FL.R 13-23 21/11A EUR 1,030,395.00 1.24 400,000.00 LEASEPLAN CORPORAT FL.R 17-20 04/11Q EUR 402,510.00 0.49 800,000.00 RABOBANK EMTN FL.R 14-26 26/05A EUR 847,924.00 1.03 500,000.00 RABOBANK NED. SUB FL.R 09-XX 29/12S USD 465,831.12 0.57 500,000.00 RABOBANK NEDERLAND FL.R 15-XX 31/12S EUR 542,917.50 0.66 United Kingdom 2,353,677.50 2.86 600,000.00 BARCLAYS PLC FL.R 15-25 11/11U EUR 624,399.00 0.76 500,000.00 FCE BANK FL.R 15-19 17/09Q EUR 506,487.50 0.61 600,000.00 HSBC HLDGS FL.R 13-24 10/01A EUR 619,881.00 0.75 300,000.00 RBS FL.R 17-20 08/06Q EUR 301,759.50 0.37 300,000.00 WPP FINANCE 2013 FL.R 17-20 18/05Q EUR 301,150.50 0.37

Page 46 Natixis AM Funds - Natixis Credit Opportunities Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

United States of America 3,325,397.00 4.03 800,000.00 BANK OF AMERICA FL.R 17-22 07/02A EUR 812,820.00 0.98 700,000.00 BANK OF AMERICA-SUB- FL.R 06-18 28/03Q EUR 700,899.50 0.85 700,000.00 CITIGROUP INC FL.R 04-19 10/02Q EUR 701,806.00 0.85 400,000.00 GENERAL MOTORS FIN FL.R 17-21 10/05Q EUR 404,366.00 0.49 700,000.00 GOLDMAN SACHS GROUPFL.R 16-19 29/04Q EUR 705,505.50 0.86 Mortgage and asset backed securities 205,696.88 0.25 Luxembourg 205,696.88 0.25 203,600.00 CATSN 1 A FL.R 14-44 18/07Q EUR 205,696.88 0.25

Other transferable securities 1,197,090.00 1.45 Bonds and money market instruments 1,197,090.00 1.45 The Netherlands 598,926.00 0.72 600,000.00 DIAGEO FINANCE 0.00 17-20 17/11A EUR 598,926.00 0.72 United Kingdom 598,164.00 0.73 600,000.00 UBS AG LONDON 0.125 17-21 05/11A EUR 598,164.00 0.73

Shares/Units of UCITS/UCI 8,147,176.93 9.88 Shares/Units in investment funds 8,147,176.93 9.88 France 5,280,416.93 6.40 230.00 NATIXIS CREDIT SUBORD FCP EUR 4 DEC EUR 2,634,498.20 3.20 21.00 NATIXIS EUR ABS IG -SI- 4 DEC EUR 2,645,918.73 3.20 Luxembourg 2,866,760.00 3.48 26,000.00 NIFLI SH.TERM GLB HIGH INCOME H-IC EURO EUR 2,866,760.00 3.48

Total securities portfolio 77,757,351.22 94.33

Page 47 Natixis AM Funds - Natixis Global Bonds Enhanced Beta

Page 48 Natixis AM Funds - Natixis Global Bonds Enhanced Beta Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in USD

Assets 27,589,631.35 Securities portfolio at market value 25,319,674.00 Cost price 24,783,710.92 Unrealised profit on the securities portfolio 535,963.08 Cash at banks and liquidities 1,836,746.46 Interest receivable 392,179.46 Dividends receivable 28,020.64 Net unrealised appreciation on forward foreign exchange contracts 13,010.79 Liabilities 31,530.04 Bank overdrafts 10,594.61 Accrued expenses 9,908.64 Other liabilities 11,026.79 Net asset value 27,558,101.31

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class I (USD) Capitalisation shares 100,000.00 54,200.00 14,200.00 140,000.00

Class SI (USD) Capitalisation shares 206.41 0.00 90.83 115.58

Key figures

Period ended as at: 31/12/17 30/06/17

Total Net Assets USD 27,558,101.31 32,444,064.13

Class I (USD) USD USD Capitalisation shares Number of shares 140,000.00 100,000.00 Net asset value per share 105.03 101.92

Class SI (USD) USD USD Capitalisation shares Number of shares 115.58 206.41 Net asset value per share 111,204.45 107,801.56

Page 49 Natixis AM Funds - Natixis Global Bonds Enhanced Beta Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 25,105,417.31 91.10 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 25,105,417.31 91.10 Argentina 170,859.04 0.62 3,000,000.00 ARGENTINA -DY- 18.20 16-21 03/10S ARS 170,859.04 0.62 Austria 14,442.20 0.05 10,000.00 AUSTRIA 2.40 13-34 23/05A EUR 14,442.20 0.05 Belgium 169,519.34 0.62 90,000.00 BELGIQUE OLO 4.00 12-32 28/03A EUR 151,648.25 0.56 10,000.00 BELGIUM OLO 5.50 98-28 28/03A EUR 17,871.09 0.06 Brazil 938,466.56 3.41 1,000.00 BRAZIL 10.00 16-27 01/01S BRL 297,823.69 1.08 1,000,000.00 BRAZIL 12.50 06-22 05/01S BRL 340,656.76 1.24 1,000.00 BRAZIL -DY- 0.00 14-25 01/01S BRL 299,986.11 1.09 Colombia 367,796.12 1.33 500,000,000.00 COLOMBIE (CLEAN) 9.85 07-27 28/06A COP 209,308.09 0.75 500,000,000.00 COLOMBIE (REP OF) 4.375 12-23 21/03A COP 158,488.03 0.58 Czech Republic 253,779.48 0.92 5,000,000.00 CZECH REPUBLIC -78- 2.50 13-28 25/08A CZK 253,779.48 0.92 France 954,507.03 3.46 10,000.00 FRANCE FUNGIBLE T-BILL 0.00 16-22 25/05U EUR 12,085.33 0.04 520,000.00 FRANCE OAT 5.50 98-29 25/04A EUR 942,421.70 3.42 Germany 1,031,487.38 3.74 220,000.00 BRD 5.50 00-31 04/01A EUR 423,791.14 1.53 170,000.00 BRD 6.25 00-30 04/01A EUR 338,427.89 1.23 140,000.00 GERMANY -301- 4.75 03-34 04/07A EUR 269,268.35 0.98 Hungary 244,440.35 0.89 50,000,000.00 HUNGARY A 7.00 11-22 24/06A HUF 244,440.35 0.89 Indonesia 1,439,733.39 5.22 200,000,000.00 INDONESIA 8.25 16-36 15/05S IDR 16,559.59 0.06 2,250,000,000.00 INDONESIA -FR0057- 9.50 10-41 15/05S IDR 205,218.23 0.74 2,500,000,000.00 INDONESIA FR70 8.375 13-24 15/03S IDR 206,790.27 0.75 2,500,000,000.00 INDONESIA GOV FR0073 8.75 15-31 15/05S IDR 214,931.06 0.78 2,000,000,000.00 INDONESIA GOVT 8.75 13-44 15/02S IDR 169,651.87 0.62 5,000,000,000.00 INDONESIE 7.875 13-19 15/04S IDR 380,862.64 1.38 2,500,000,000.00 INDONESIE 10.50 08-38 15/07S IDR 245,719.73 0.89 Ireland 134,149.29 0.49 40,000.00 IRISH GOVT TREASURY 5.40 09-25 13/03A EUR 64,945.99 0.24 50,000.00 IRLANDE 2.40 14-30 15/05A EUR 69,203.30 0.25 Israel 261,468.35 0.95 750,000.00 ISRAEL 4.25 12-23 31/03A ILS 261,468.35 0.95 Italy 1,698,331.78 6.16 410,000.00 ITALY BTP 4.50 13-24 01/03S EUR 587,298.07 2.13 170,000.00 ITALY BTP 7.25 96-26 01/11S EUR 295,163.30 1.07 470,000.00 ITALY BTP 9.00 93-23 01/11S EUR 815,870.41 2.96 Japan 1,337,596.79 4.85 1,000,000.00 JAPAN JGB -6 1.90 13-53 20/03S JPY 11,596.32 0.04 19,000,000.00 JAPAN 022 JGB 2.50 06-36 20/03S JPY 228,220.14 0.83 5,000,000.00 JAPAN 023 JGB 2.50 06-36 20/06S JPY 60,104.98 0.22 4,000,000.00 JAPAN 024 JGB 2.50 06-36 20/09S JPY 48,187.31 0.17 7,000,000.00 JAPAN 025 JGB 2.30 06-36 20/12S JPY 82,158.82 0.30 1,000,000.00 JAPAN 027 JGB 2.50 07-37 20/09S JPY 12,095.30 0.04 1,000,000.00 JAPAN 028 JGB 2.50 08-38 20/03S JPY 12,117.54 0.04 82,000,000.00 JAPAN 042 JGB 2.60 99-19 20/03S JPY 751,932.47 2.73 1,000,000.00 JAPAN 07 1.70 14-54 20/03S JPY 11,062.90 0.04 1,000,000.00 JAPAN 20 2.50 05-35 20/09S JPY 11,973.95 0.04 13,000,000.00 JAPAN (40 YEAR ISS 0.40 16-56 20/03S JPY 95,492.60 0.35 1,000,000.00 JAPAN (40 YEAR ISS 2.40 07-48 20/03S JPY 12,654.46 0.05 Malaysia 1,168,481.58 4.24 2,250,000.00 MALAYSIA 0304 5.734 04-19 30/07S MYR 578,596.95 2.10 750,000.00 MALAYSIAN GOVT 4.935 13-43 30/09S MYR 187,484.77 0.68 1,500,000.00 MALAYSIAN GOV-0313- 3.48 13-23 15/03S MYR 366,010.99 1.33 140,000.00 MALAYSIAN GOV-05/003 4.837 05-25 15/07S MYR 36,388.87 0.13

Page 50 Natixis AM Funds - Natixis Global Bonds Enhanced Beta Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets

Mexico 946,272.88 3.43 25,000.00 MEXICAN BONOS 8.00 09-20 11/06S MXN 128,949.57 0.47 75,000.00 MEXICAN BONOS 8.50 08-18 13/12S MXN 386,325.46 1.39 50,000.00 MEXICAN BONOS 8.50 09-38 18/11S MXN 274,784.73 1.00 25,000.00 MEXICAN BONOS 10.00 06-36 20/11S MXN 156,213.12 0.57 Peru 362,816.76 1.32 500,000.00 PEROU B SOBERANOS 6.90 07-37 12/08S PEN 172,914.34 0.63 500,000.00 PERU 8.20 06-26 12/08S PEN 189,902.42 0.69 Philippines 432,152.71 1.57 10,000,000.00 PHILIPPINES 4.95 10-21 15/01S PHP 206,030.78 0.75 10,000,000.00 PHILIPPINES 6.25 11-36 14/01S PHP 226,121.93 0.82 Poland 697,337.44 2.53 1,500,000.00 POLAND 2.50 17-23 25/01A PLN 428,676.97 1.56 750,000.00 POLOGNE (REP OF) 5.75 08-29 25/04A PLN 268,660.47 0.97 Portugal 185,330.57 0.67 130,000.00 PORTUGAL REGS 144A 4.125 17-27 14/04A EUR 185,330.57 0.67 Romania 186,752.60 0.68 700,000.00 ROMANIA GOVT BOND 4.75 14-25 24/02A RON 186,752.60 0.68 South Africa 783,431.55 2.84 4,125,000.00 SOUTH AFRICA 6.50 10-41 28/02S ZAR 235,798.12 0.86 7,500,000.00 SOUTH AFRICA 8.75 14-44 31/01S ZAR 547,633.43 1.98 South Korea 991,906.04 3.60 1,000,000,000.00 KOREA -DY- 3.75 12-22 10/06S KRW 991,906.04 3.60 Spain 693,444.35 2.52 420,000.00 SPANISH GOV'T 5.90 11-26 30/07A EUR 693,444.35 2.52 Thailand 770,067.95 2.79 7,500,000.00 THAILAND GOVT 3.58 12-27 17/12S THB 251,063.74 0.91 7,500,000.00 THAILAND GOVT 3.625 10-23 16/06S THB 250,389.45 0.91 7,500,000.00 THAILAND GOVT BD 4.26 12-37 12/12S THB 268,614.76 0.97 The Netherlands 250,113.67 0.91 140,000.00 NEDERLAND 5.50 98-28 15/01A EUR 250,113.67 0.91 Turkey 492,226.60 1.79 500,000.00 TURKEY 8.00 15-25 12/03S TRY 109,284.42 0.40 1,000,000.00 TURKEY 8.30 13-18 20/06S TRY 257,680.32 0.94 500,000.00 TURQUIE (REPU OF ) 10.6 16-26 11/02S TRY 125,261.86 0.45 United Kingdom 1,327,487.81 4.82 50,000.00 UK TREASURY 4.75 07-30 07/12S GBP 94,289.82 0.34 90,000.00 UK TREASURY GILT STK 4.75 04-38 07/12S GBP 186,788.08 0.68 210,000.00 UK TREASURY STOCK 4.25 09-39 07/09S GBP 412,889.06 1.50 40,000.00 UK TREASURY STOCK 4.50 09-34 07/09S GBP 76,961.32 0.28 70,000.00 UK TREASURY STOCK 6.00 98-28 07/12S GBP 140,529.24 0.51 70,000.00 UNITED KINGDOM 1.25 13-18 22/07S GBP 95,180.77 0.35 20,000.00 UNITED KINGDOM 4.25 00-32 07/06S GBP 36,666.57 0.13 40,000.00 UNITED KINGDOM 4.25 03-36 07/03S GBP 76,103.38 0.28 10,000.00 UNITED KINGDOM 4.25 06-27 07/12S GBP 17,394.59 0.06 110,000.00 UNITED KINGDOM 5.00 01-25 07/03S GBP 190,684.98 0.69 United States of America 6,801,017.70 24.68 60,000.00 US TREAS N/B 3.625 13-43 15/08S USD 70,050.66 0.25 20,000.00 US TREASURY N/B 3.00 15-45 15/11S USD 21,015.47 0.08 10,000.00 US TREASURY N/B 4.375 10-40 15/05S USD 12,898.54 0.05 890,000.00 US TREASURY N/B 8.125 91-21 15/08S USD 1,077,922.11 3.91 10,000.00 US TREASURY NOTE 3.125 14-44 15/08S USD 10,751.13 0.04 10,000.00 US TREASURY NOTES 2.750 17-47 15/11S USD 10,020.23 0.04 10,000.00 US TREASURY NOTES 4.625 10-40 15/02S USD 13,303.88 0.05 40,000.00 USA T NOTES 1.375 16-21 31/05S USD 39,109.36 0.14 210,000.00 USA T NOTES 2.00 15-22 30/11S USD 208,161.69 0.76 10,000.00 USA T NOTES 2.25 16-46 15/08S USD 9,024.05 0.03 10,000.00 USA T NOTES 2.875 13-43 15/05S USD 10,286.57 0.04 70,000.00 USA T NOTES AP-2019 0.75 16-19 15/07S USD 68,835.30 0.25 80,000.00 USA TREASURY BOND 4.75 11-41 15/02S USD 108,662.81 0.39 50,000.00 USA TREASURY BOND 6.375 97-27 15/08S USD 67,124.41 0.24 290,000.00 USA TREASURY BOND 7.25 92-22 15/08S USD 355,129.38 1.29 10,000.00 USA TREASURY BOND 7.875 91-21 15/02S USD 11,787.63 0.04 830,000.00 USA TREASURY BOND 8,00 91-21 15/11S USD 1,011,487.57 3.67 290,000.00 USA TREASURY BOND 8.125 91-21 15/05S USD 347,194.32 1.26

Page 51 Natixis AM Funds - Natixis Global Bonds Enhanced Beta Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets 80,000.00 USA TREASURY BONDS 3.75 13-43 15/11S USD 95,349.13 0.35 10,000.00 USA TREASURY BONDS 5.375 01-31 15/02S USD 13,295.80 0.05 510,000.00 USA TREASURY BONDS 6.125 97-27 15/11S USD 676,270.41 2.45 20,000.00 USA TREASURY BONDS 6.25 99-30 15/05S USD 28,135.85 0.10 970,000.00 USA TREASURY BONDS 7.50 94-24 15/11S USD 1,288,995.60 4.67 480,000.00 USA TREASURY BONDS 7.625 95-25 15/02S USD 646,602.73 2.35 30,000.00 USA TREASURY NOTES 2.25 14-21 31/03S USD 30,206.32 0.11 10,000.00 USA TREASURY NOTES 4.25 10-40 15/11S USD 12,704.33 0.05 430,000.00 USA TREASURY NOTES 4.375 11-41 15/05S USD 556,692.42 2.02

Other transferable securities 214,256.69 0.78 Bonds and money market instruments 214,256.69 0.78 South Korea 214,256.69 0.78 250,000,000.00 KOREA TREASURY -DY- 2.00 16-46 10/03S KRW 214,256.69 0.78

Total securities portfolio 25,319,674.00 91.88

Page 52 Natixis AM Funds - Natixis Global Convertible Bonds

Page 53 Natixis AM Funds - Natixis Global Convertible Bonds Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in USD

Assets 84,010,183.50 Securities portfolio at market value 73,570,531.11 Cost price 68,610,666.26 Unrealised profit on the securities portfolio 4,959,864.85 Cash at banks and liquidities 10,174,971.15 Interest receivable 146,534.24 Other assets 118,147.00 Liabilities 2,742,441.88 Bank overdrafts 1,866,007.34 Payable for repurchase transactions 647,531.40 Net unrealised depreciation on forward foreign exchange contracts 175,417.11 Accrued expenses 46,997.82 Other liabilities 6,488.21 Net asset value 81,267,741.62

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class SI (USD) Capitalisation shares 369,905.00 0.00 0.00 369,905.00

Class I (USD) Capitalisation shares 222,781.00 66,409.18 9.18 289,181.00

Class I (H-EUR) Capitalisation shares 96,698.00 6,581.00 26,726.00 76,553.00

Page 54 Natixis AM Funds - Natixis Global Convertible Bonds Key figures

Period ended as at: 31/12/17 30/06/17

Total Net Assets USD 81,267,741.62 73,582,811.39

Class SI (USD) USD USD Capitalisation shares Number of shares 369,905.00 369,905.00 Net asset value per share 108.21 104.50

Class I (USD) USD USD Capitalisation shares Number of shares 289,181.00 222,781.00 Net asset value per share 108.86 105.34

Class I (H-EUR) EUR EUR Capitalisation shares Number of shares 76,553.00 96,698.00 Net asset value per share 106.15 103.86

Page 55 Natixis AM Funds - Natixis Global Convertible Bonds Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 63,582,833.72 78.24 exchange listing and/or dealt in on another regulated market Shares 201,610.00 0.25 France 201,610.00 0.25 1,708.00 ORPEA SA EUR 201,610.00 0.25 Bonds and money market instruments 1,104,456.55 1.36 British Virgin Islands 222,025.00 0.27 200,000.00 CP FOODS HLDGS 0.50 16-21 22/09S USD 222,025.00 0.27 United States of America 882,431.55 1.09 770,000.00 SERVICENOW INC 0.00 17-22 01/06U USD 882,431.55 1.09 Convertible bonds 62,276,767.17 76.63 Austria 235,497.00 0.29 200,000.00 AMS AG CV 0.875 17-22 28/09S USD 235,497.00 0.29 Belgium 1,043,890.56 1.28 3,000.00 COFINIMMO SA CV 0.187 16-21 15/09A EUR 514,270.51 0.63 400,000.00 SAGERPAR REGS CV 0.375 13-18 09/10A EUR 529,620.05 0.65 Bermuda 979,962.75 1.21 975,000.00 JAZZ INVESTMENT CV 1.875 14-21 15/08S USD 979,962.75 1.21 Cayman Islands 4,164,003.24 5.12 2,000,000.00 ASM PACIFIC TECHNO CV 2.00 14-19 28/03S HKD 312,560.68 0.38 800,000.00 CHINA OVERSEAS FIN 16-23 05/01U USD 841,716.00 1.04 960,000.00 CTRIP COM INTL CV 1.00 16-20 01/07S USD 1,011,355.20 1.24 882,000.00 CTRIP COM INTL CV 1.25 17-22 15/09S USD 902,757.87 1.11 593,000.00 HERBALIFE CV 2.00 15-19 15/08S USD 592,217.24 0.73 453,000.00 SINA CORPORATION CV 1.00 14-18 01/12S USD 503,396.25 0.62 China 531,082.50 0.65 500,000.00 CHINA RAILWAY CONST 0.00 16-21 29/01U USD 531,082.50 0.65 Finland 416,065.79 0.51 200,000.00 OUTOKUMPU CV 3.255 15-20 26/02S EUR 292,040.56 0.36 100,000.00 SOLIDIUM CV 0.00 14-18 04/09U EUR 124,025.23 0.15 France 5,678,702.15 6.99 500,000.00 ARCHER OBLIG CV 0.00 17-23 31/03U EUR 656,183.16 0.81 4,100.00 FONCIERE DES REGIONS 0.875 13-19 01/04S EUR 517,062.78 0.64 500.00 LVMH MOET HENNESSY CV 0.00 16-21 16/02U USD 154,437.75 0.19 400,000.00 MICHELIN CV 0.00 17-22 10/01U USD 428,622.00 0.53 300,000.00 RALLYE SA CV 5.25 16-22 01/02S EUR 396,977.28 0.49 2,000.00 REMY COINTREAU CV 0.125 16-26 07/09A EUR 322,869.33 0.40 5,200.00 SAFRAN SA CV 0.00 16-20 31/12U EUR 637,894.02 0.78 1,500.00 SEB SA CV 0.00 16-21 17/11U EUR 361,038.83 0.44 200,000.00 TECHNIP SA CV 0.875 16-21 25/01S EUR 288,241.22 0.35 400,000.00 TOTAL CV 0.50 15-22 02/12S USD 416,336.00 0.51 4,000.00 UBISOFT CV 0.00 16-21 27/09U EUR 363,986.50 0.45 1,350.00 UNIBAIL RODAMCO CV 0.00 14-21 01/07U EUR 490,387.24 0.60 200,000.00 VALEO CV 0.00 16-21 16/06U USD 225,351.00 0.28 6,300.00 WENDEL CV 0.00 16-19 31/07U EUR 419,315.04 0.52 Germany 2,224,517.99 2.74 250,000.00 BASF CV 0.925 17-23 09/03S USD 257,838.75 0.32 200,000.00 BAYER AG CV 0.05 17-20 15/06A EUR 291,328.49 0.36 100,000.00 FRESENIS REGS CV 0.00 14-19 24/09U EUR 161,464.37 0.20 500,000.00 FRESENIUS MED CARE CV 1.125 14-20 31/01S EUR 766,710.80 0.94 300,000.00 MTU AERO ENG. 0.125 16-23 17/05A EUR 487,557.82 0.60 200,000.00 RAG STIFTUNG 0.00 17-23 16/03U EUR 259,617.76 0.32 Hong Kong 790,292.08 0.97 551,000.00 BAGAN CAPITAL LTD 16-21 23/09U USD 574,872.08 0.70 200,000.00 BAOSTEEL HONG KONG INV 0.00 15-18 01/12U USD 215,420.00 0.27 Hungary 995,353.33 1.22 700,000.00 MNV CV 3.375 13-19 02/04S EUR 995,353.33 1.22 Italy 2,224,758.19 2.74 500,000.00 ENI SPA CV 0.00 16-22 13/04U EUR 616,106.46 0.76 400,000.00 PRYSMIAN CV 1.25 13-18 08/03S EUR 585,663.79 0.72 600,000.00 PRYSMIAN SPA CV 0.00 17-22 17/01U EUR 773,683.85 0.95 200,000.00 SNAM CV 0.00 17-22 20/03U EUR 249,304.09 0.31 Japan 11,102,142.70 13.66 20,000,000.00 DAIO PAPER CV REGS 0.00 15-20 17/09U JPY 191,005.80 0.24

Page 56 Natixis AM Funds - Natixis Global Convertible Bonds Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets 30,000,000.00 EZAKI GLICO CO REGS 0.00 17-24 30/01U JPY 280,894.85 0.35 10,000,000.00 IIDA GROUP HOLDINGS 0.00 15-20 18/06U JPY 93,966.72 0.12 30,000,000.00 IWATANI CV REGS 0.00 15-20 22/10U JPY 286,773.68 0.35 130,000,000.00 KANSAI PAINT CO 0.00 16-19 17/06U JPY 1,329,629.58 1.63 20,000,000.00 KAWASAKI KISEN CV 0.00 13-18 26/09U JPY 182,645.39 0.22 60,000,000.00 LIXIL GROUP CV 0.00 15-22 04/03U JPY 570,189.16 0.70 70,000,000.00 MITSUBISHI CHEM CV 0.00 17-24 29/03U JPY 712,729.35 0.88 70,000,000.00 MITSUBISHI CHEMICAL 0.00 17-22 30/03U JPY 697,331.21 0.86 20,000,000.00 NAGOYA RAILROAD CV 0.00 14-24 11/12U JPY 196,403.93 0.24 50,000,000.00 NIPRO CORP CV 0.00 16-21 29/01U JPY 536,342.73 0.66 30,000,000.00 SHIMIZU CORP 0.00 15-20 16/10A JPY 292,624.54 0.36 40,000,000.00 SHIONOGI & CO (SHS)0.00 14-19 31/12U JPY 523,007.62 0.64 83,000,000.00 SONY CORP CV 0.00 15-22 30/09U JPY 907,595.74 1.11 40,000,000.00 SUZUKI MOTOR CV 0.00 16-23 31/03U JPY 565,684.95 0.70 70,000,000.00 SUZUKI MOTOR CV REGS 0.00 16-21 31/03U JPY 986,801.30 1.20 20,000,000.00 TAKASHIMAYA REGS CV 0.00 13-20 11/12U JPY 192,540.64 0.24 10,000,000.00 TEIJIN LTD CV 0.00 14-18 10/12U JPY 110,388.83 0.14 60,000,000.00 TERUMO CORP CV 0.00 14-21 06/12U JPY 747,430.20 0.92 20,000,000.00 TERUMO CORP CV REGS 0.00 14-19 04/12U JPY 245,360.89 0.30 50,000,000.00 TOPPAN PRINTING CO CV 0.00 13-19 19/12U JPY 475,426.17 0.59 80,000,000.00 TORAY INDUSTRIES CV 0.00 14-19 30/08U JPY 865,974.38 1.07 10,000,000.00 UNICHARM CORP CV 0.00 15-20 25/09U JPY 111,395.04 0.14 Jersey Island 131,382.52 0.16 100,000.00 BRITISH LND JER CV 0.00 15-20 09/06U GBP 131,382.52 0.16 Luxembourg 411,968.66 0.51 300,000.00 CITIGROUP GM FDG CV 0.50 16-23 04/08A EUR 411,968.66 0.51 Mexico 318,153.54 0.39 313,000.00 CEMEX SAB DE CV 3.75 11-18 15/03S USD 318,153.54 0.39 Norway 137,423.15 0.17 100,000.00 MARINE HARVEST CV 0.125 15-20 05/11S EUR 137,423.15 0.17 Portugal 125,267.46 0.15 100,000.00 AMORIM ENERGY CV 3.375 13-18 03/06S EUR 125,267.46 0.15 Singapore 1,323,093.03 1.63 1,750,000.00 CAPITALAND CV 1.95 13-23 17/10S SGD 1,323,093.03 1.63 South Africa 595,164.00 0.73 600,000.00 SIBANYE GOLD LTD CV 1.875 17-23 26/09S USD 595,164.00 0.73 Spain 601,595.40 0.74 200,000.00 CO ECONOMICA DELTA 1.00 16-23 01/12S EUR 244,437.25 0.30 300,000.00 TELEFONICA PARTICI 0.00 16-21 09/03U EUR 357,158.15 0.44 Taiwan 293,273.75 0.36 250,000.00 SILICONWARE PREC IND 0.00 14-19 31/10U USD 293,273.75 0.36 Thailand 328,268.06 0.40 10,000,000.00 BANGKOK DUSIT MED CV 0.00 14-19 18/09U THB 328,268.06 0.40 The Netherlands 7,392,689.21 9.10 700,000.00 ACS ACTIVIDADES CV 1.625 14-19 27/03Q EUR 968,774.82 1.19 200,000.00 AIRBUS GROUP CV 0.00 15-22 01/07U EUR 273,042.70 0.34 600,000.00 AIRBUS GROUP SE 0.00 16-21 14/06U EUR 818,670.62 1.01 250,000.00 BRENNTAG FINANCE CV 1.875 15-22 02/12S USD 262,025.00 0.32 849,000.00 NXP SEMICONDUCTOR CV 1.00 14-19 01/12S USD 1,055,247.57 1.30 1,500,000.00 SIMENS FIN NV 1.65 15-19 16/08S USD 1,790,377.50 2.20 1,000,000.00 STMICROELECTRONICS 0.00 17-22 03/07A USD 1,235,575.00 1.52 800,000.00 STMICROELECTRONICS 0.25 17-24 03/07S USD 988,976.00 1.22 United Arab Emirates 609,707.00 0.75 400,000.00 ABU DHABI BANK OF CV 1.00 13-18 12/03S USD 398,566.00 0.49 200,000.00 DP WORLD CV 1.75 14-24 19/06S USD 211,141.00 0.26 United Kingdom 737,236.96 0.91 200,000.00 BP CAPITAL MKTS 1.00 16-23 28/04S GBP 333,905.33 0.41 300,000.00 VODAFONE GROUP CV 0.00 15-20 26/11U GBP 403,331.63 0.50 United States of America 18,885,276.15 23.25 155,000.00 ADVANCED MICRO DEV CV 2.125 16-26 01/09S USD 234,949.77 0.29 465,000.00 AMERICAN RLTY CAP CV 3.00 13-18 01/08S USD 465,404.55 0.57 958,000.00 CITRIX SYSTEMS CV 0.50 15-19 15/04S USD 1,243,977.37 1.53 2,471,000.00 DISH NETWORK CORP CV 3.375 16-26 15/08S USD 2,698,406.13 3.33 575,000.00 DYCOM INDUSTRIES CV 0.75 15-21 15/09S USD 753,419.63 0.93 160,000.00 EURONET WORLDWIDE 1.50 14-44 01/10S USD 197,573.60 0.24

Page 57 Natixis AM Funds - Natixis Global Convertible Bonds Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets 527,000.00 EXTRA SPACE STOR CV 3.125 15-35 01/10S USD 590,880.31 0.73 579,000.00 ILLUMINA CV 0.00 14-19 15/06U USD 630,959.46 0.78 400,000.00 IONIS PHARMACEUTICALS 1.00 14-21 15/11S USD 424,196.00 0.52 489,000.00 JDS UNIPHASE CV 0.625 14-33 15/08S USD 504,936.51 0.62 350,000.00 LIBERTY INTERACTIVE 1.75 16-46 30/09Q USD 404,864.25 0.50 300,000.00 LUMENTUM HLDG 144A 0.25 17-24 15/03S USD 336,078.00 0.41 241,000.00 MICROCHIP TEC CV 1.625 15-25 15/02S USD 412,413.66 0.51 710,000.00 MICROCHIP TEC 144A CV 1.625 17-27 15/02S USD 836,177.65 1.03 200,000.00 NATIONAL GRIDS CV 0.90 15-20 02/11S GBP 269,048.74 0.33 374,000.00 NUVASIVE INC 2.25 16-21 15/03S USD 440,057.75 0.54 807,000.00 ON SEMICONDUCTOR CV 1.00 15-20 01/12S USD 1,033,992.96 1.27 350,000.00 PALO ALTO NETWORKS 0.00 14-19 01/07U USD 481,362.00 0.59 445,000.00 PRICELINE GROUP CV 0.90 15-21 15/09A USD 523,039.65 0.64 258,000.00 RED HAT INC CV 0.25 14-19 01/10S USD 426,827.46 0.53 260,000.00 ROYAL GOLD CV 2.875 12-19 15/06S USD 280,628.40 0.35 527,000.00 SALESFORCE COM CV 0.25 14-18 01/04S USD 809,424.57 1.00 200,000.00 SQUARE 144A 0.375 17-22 01/03S USD 326,981.00 0.40 451,000.00 STARWOOD PROP CV 4.55 13-18 01/03S USD 465,066.69 0.57 1,025,000.00 TESLA MOTORS CV 0.25 14-19 01/03S USD 1,083,599.25 1.33 430,000.00 TESLA MOTORS INC CV 1.25 14-21 01/03S USD 466,122.15 0.57 210,000.00 TRINITY IND.CV-SUB 3.875 06-36 01/06S USD 332,288.25 0.41 660,000.00 WORKDAY 144A CV 0.25 17-22 01/10S USD 654,861.90 0.81 261,000.00 WRIGHT MEDICAL GR 2.00 15-20 15/02S USD 267,745.55 0.33 956,000.00 YAHOO CV 0.00 13-18 01/12U USD 1,289,992.94 1.59

Other transferable securities 2,432,257.26 2.99 Bonds and money market instruments 96,294.29 0.12 Japan 96,294.29 0.12 10,000,000.00 HIS CO LTD 0.00 17-24 15/11U JPY 96,294.29 0.12 Convertible bonds 2,335,962.97 2.87 France 425,142.09 0.52 10,397.00 ELIS SA CONV 0.00 17-23 06/10U EUR 425,142.09 0.52 Japan 926,689.88 1.14 20,000,000.00 ANA HOLDINGS CV 0.00 17-24 19/09U JPY 192,822.93 0.24 30,000,000.00 K S DENKI CORP CV 0.00 14-19 20/12U JPY 424,930.82 0.52 30,000,000.00 KANDENKO CV 0.00 16-21 31/03U JPY 308,936.13 0.38 Singapore 408,500.00 0.50 400,000.00 VALIN MINING INVEST 0.00 16-21 15/11U USD 408,500.00 0.50 United States of America 575,631.00 0.71 450,000.00 NEUROCRINE BIOSCIENCE 2.25 17-24 15/05S USD 575,631.00 0.71

Shares/Units of UCITS/UCI 7,555,440.13 9.30 Shares/Units in investment funds 7,555,440.13 9.30 France 7,555,440.13 9.30 36.70 NATIXIS CONVERTIBLES EUE FCP -C- 4 DEC EUR 7,555,440.13 9.30

Total securities portfolio 73,570,531.11 90.53

Page 58 Natixis AM Funds - Natixis Multi Asset Global Income

Page 59 Natixis AM Funds - Natixis Multi Asset Global Income Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in USD

Assets 107,558,539.29 Securities portfolio at market value 96,915,208.52 Cost price 96,014,895.67 Unrealised profit on the securities portfolio 900,312.85 Cash at banks and liquidities 9,299,443.48 Interest receivable 938,614.96 Dividends receivable 427.28 Net unrealised appreciation on forward foreign exchange contracts 192,098.26 Net unrealised appreciation on financial futures 157,406.91 Net unrealised appreciation on swaps 55,339.88 Liabilities 793,786.59 Bank overdrafts 600,354.43 Accrued performance fees payable 92,990.73 Accrued expenses 26,685.75 Other liabilities 73,755.68 Net asset value 106,764,752.70

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class I (H-EUR) (*) Distribution shares 0.00 64,943.43 0.00 64,943.43

Class I (H-EUR) (**) Capitalisation shares 0.00 239,189.50 602.12 238,587.38

Class R (H-EUR) (***) Capitalisation shares 0.00 123,667.34 8,484.18 115,183.16

Class SI (USD) (****) Capitalisation shares 900,000.00 0.00 344,886.20 555,113.80

Page 60 Natixis AM Funds - Natixis Multi Asset Global Income Key figures

Period ended as at: 31/12/17 30/06/17

Total Net Assets USD 106,764,752.70 89,914,338.64

Class I (H-EUR) (*) EUR EUR Distribution shares Number of shares 64,943.43 0.00 Net asset value per share 100.04 0.00 Dividend per share 0.03 0.00

Class I (H-EUR) (**) EUR EUR Capitalisation shares Number of shares 238,587.38 0.00 Net asset value per share 99.89 0.00

Class R (H-EUR) (***) EUR EUR Capitalisation shares Number of shares 115,183.16 0.00 Net asset value per share 99.65 0.00

Class SI (USD) (****) USD USD Capitalisation shares Number of shares 555,113.80 900,000.00 Net asset value per share 101.88 99.90

(*) Launched on 28/09/17 (**) Launched on 26/09/17 (***) Launched on 14/12/17 (****) Launched on 19/06/17

Page 61 Natixis AM Funds - Natixis Multi Asset Global Income Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 84,381,948.50 79.04 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 80,708,927.88 75.60 Argentina 634,668.00 0.59 600,000.00 ARGENTINA 5.625 17-22 26/01S USD 634,668.00 0.59 Australia 774,055.40 0.73 400,000.00 NATL AUSTRALIAN BANK 0.25 17-22 28/03A EUR 482,815.26 0.46 228,000.00 ORIGIN ENERGY REGS 2.50 13-20 23/10A EUR 291,240.14 0.27 Austria 129,820.29 0.12 100,000.00 WIENERBERGER 4.00 13-20 17/04A EUR 129,820.29 0.12 Belgium 364,573.69 0.34 300,000.00 KBC GROUP NV 0.75 17-22 01/03M EUR 364,573.69 0.34 Brazil 424,982.00 0.40 400,000.00 BRAZIL 4.875 10-21 22/01S USD 424,982.00 0.40 British Virgin Islands 310,624.50 0.29 300,000.00 SINOPEC GR OVER REGS 3.90 12-22 17/05S USD 310,624.50 0.29 Canada 495,990.44 0.46 400,000.00 ROYAL BANK CANADA 0.875 15-22 17/06A EUR 495,990.44 0.46 Cayman Islands 205,588.00 0.19 200,000.00 HUTCH WAMPOA 144A 3.625 14-24 31/10S USD 205,588.00 0.19 Colombia 316,591.50 0.30 300,000.00 COLOMBIA 4.375 11-21 12/07S USD 316,591.50 0.30 Costa Rica 216,917.00 0.20 200,000.00 ICE REG S 6.95 11-21 10/11S USD 216,917.00 0.20 Croatia 330,352.50 0.31 300,000.00 CROATIA REGS 6.375 11-21 24/03S USD 330,352.50 0.31 Egypt 314,437.50 0.29 300,000.00 EGYPT 6.125 17-22 31/01S USD 314,437.50 0.29 Finland 478,259.43 0.45 400,000.00 OP MORTGAGE BANK 0.25 17-24 13/03A EUR 478,259.43 0.45 France 8,168,729.49 7.65 400,000.00 ALD SA 0.875 17-22 18/07A EUR 486,612.19 0.46 400,000.00 AREVA EMTN 4.375 09-19 06/11A EUR 512,659.95 0.48 500,000.00 AUCHAN 2.25 13-23 06/04A EUR 652,592.77 0.62 400,000.00 AXA BANK EUROPE SCF 0.125 17-22 14/03A EUR 482,373.37 0.45 250,000.00 BANQUE PSA FIN REGS 5.75 11-21 04/04S USD 271,116.25 0.25 400,000.00 CA HOME LOAN SFH 0.75 17-27 05/05A EUR 482,608.72 0.45 400,000.00 CAPGEMINI SE 2.50 15-23 01/07U EUR 527,710.78 0.49 500,000.00 CARREFOUR SA 0.75 16-24 26/04A EUR 599,106.14 0.57 400,000.00 CM CIC HOME LOAN EMTN 0.50 15-22 21/01A EUR 491,067.16 0.46 350,000.00 DANONE REGS 2.589 16-23 02/11S USD 341,384.75 0.32 300,000.00 EDF 1.00 16-26 13/10A EUR 353,811.52 0.33 400,000.00 ERAMET SA 4.50 13-20 06/11A EUR 514,595.64 0.48 300,000.00 RALLYE EMTN 4.25 13-19 11/03A EUR 372,979.89 0.35 250,000.00 RCI BANQUE 1.25 15-22 08/06A EUR 309,284.05 0.29 400,000.00 SOCIETE GENERALE S 0.50 17-25 02/06A EUR 483,401.25 0.45 300,000.00 SOCIETE GENERALE SA 3.25 17-22 12/01S USD 302,685.00 0.28 400,000.00 VALLOUREC SA 3.25 12-19 02/08A EUR 499,259.02 0.47 400,000.00 WENDEL 1.00 16-23 20/04A EUR 485,481.04 0.45 Georgia 224,482.00 0.21 200,000.00 GEORGIA 6.875 11-21 12/04S USD 224,482.00 0.21 Germany 4,520,742.13 4.23 400,000.00 APO BANK 0.75 17-27 05/10 EUR 483,168.29 0.45 400,000.00 COMMERZBANK AG 0.05 16-24 11/07A EUR 471,806.33 0.44 650,000.00 DAIMLER EMTN 0.25 16-20 11/05A EUR 784,844.08 0.73 400,000.00 DEUTSCHE BANK 0.50 16-26 09/06A EUR 476,902.52 0.45 400,000.00 DEUTSCHE BANK AG 1.125 15-25 17/03A EUR 478,934.28 0.45 550,000.00 EVONIK INDUSTRIES 1.00 15-23 23/01A EUR 680,025.35 0.64 500,000.00 FRESENIUS FINANCE BV 2.875 13-20 15/07S EUR 641,995.72 0.60 400,000.00 THYSSENKRUPP 3.125 14-19 25/10A EUR 503,065.56 0.47 Ghana 227,242.00 0.21 200,000.00 GHANA 9.25 16-22 15/09S USD 227,242.00 0.21 Hungary 556,212.50 0.52 500,000.00 HUNGARY (REPUBLIC OF) 6.375 11-21 29/03A USD 556,212.50 0.52

Page 62 Natixis AM Funds - Natixis Multi Asset Global Income Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets

India 201,053.00 0.19 200,000.00 EXPORT-IMPORT BK I 3.125 16-21 20/07S USD 201,053.00 0.19 Indonesia 645,328.50 0.60 300,000.00 PERTAMINA REGS 4.875 12-22 03/05S USD 319,428.00 0.30 300,000.00 PERUSAHAAN PERSEROAN 5.50 11-21 22/11S USD 325,900.50 0.30 Ireland 435,058.00 0.41 400,000.00 VNESHECONOMBANK(VEB) 6.025 12-22 05/07S USD 435,058.00 0.41 Italy 1,043,396.74 0.98 400,000.00 INTESA SAN PAOLO 0.625 16-23 23/03A EUR 488,888.91 0.46 400,000.00 UNICREDIT 3.00 14-24 31/01A EUR 554,507.83 0.52 Japan 510,747.50 0.48 500,000.00 SOFTBANK REGS 4.50 13-20 15/04S USD 510,747.50 0.48 Lebanon 209,194.00 0.20 200,000.00 LIBAN EMTN 8.25 06-21 12/04S USD 209,194.00 0.20 Lithuania 580,500.00 0.54 500,000.00 REPUBLIC OF LITHUANIA 6.625 12-22 01/02S USD 580,500.00 0.54 Luxembourg 503,837.50 0.47 300,000.00 MALLINCKROTT INTL FIN 4.875 15-20 15/04S USD 290,653.50 0.27 200,000.00 TI CAPITAL 7.175 09-19 18/06S USD 213,184.00 0.20 Malaysia 361,968.00 0.34 300,000.00 PETRONAS CAPITAL REGS 7.875 02-22 22/05S USD 361,968.00 0.34 Mexico 624,657.00 0.59 300,000.00 MEXICAN STATES 25 3.625 12-22 15/03S USD 311,421.00 0.29 300,000.00 PEMEX 4.875 12-22 24/01S USD 313,236.00 0.30 Micronesian Islands 437,396.00 0.41 400,000.00 KAZMUNAIGAZ FIN. REGS 6.375 10-21 09/04S USD 437,396.00 0.41 Namibia 213,005.00 0.20 200,000.00 REBUBLIC NAMIBIA 5.50 11-21 03/11S USD 213,005.00 0.20 Norway 492,464.89 0.46 400,000.00 SR BOLIGKREDITT 0.75 16-23 18/01A EUR 492,464.89 0.46 Oman 403,246.00 0.38 400,000.00 OMAN REGS 3.875 17-27 08/03S USD 403,246.00 0.38 Poland 657,711.00 0.62 600,000.00 POLAND 5.00 11-22 23/03S USD 657,711.00 0.62 Romania 459,222.00 0.43 400,000.00 ROMANIA 6.75 12-22 07/02S USD 459,222.00 0.43 Russia 424,402.00 0.40 400,000.00 RUSSIE (FED OF) REGS 4.50 12-22 04/04S USD 424,402.00 0.40 Senegal 231,233.00 0.22 200,000.00 SENEGAL (REP OF) 8.75 11-21 13/05S USD 231,233.00 0.22 Serbia 458,054.00 0.43 400,000.00 SERBIA REGS 7.25 11-21 28/09S USD 458,054.00 0.43 South Africa 417,131.00 0.39 200,000.00 AFRIQUE DU SUD 5.875 07-31 30/05A USD 218,969.00 0.20 200,000.00 ESKOM HOLDINGS 5.75 11-21 26/01S USD 198,162.00 0.19 Spain 3,125,647.57 2.93 200,000.00 ABERTIS 1.375 16-26 20/05A EUR 239,630.44 0.22 400,000.00 BANCO SABADELL 0.125 16-23 20/10A EUR 471,703.06 0.44 300,000.00 BANCO SABADELL 6.25 10-20 26/04A EUR 405,248.38 0.38 300,000.00 CAIXABANK 2.625 14-24 21/03A EUR 408,546.38 0.38 300,000.00 KUTXABANK SA 1.75 14-21 27/05A EUR 380,791.69 0.36 500,000.00 SANTAN CONSUMER FI 0.875 17-22 24/01A EUR 609,147.83 0.57 500,000.00 TELEFONICA EMISION 1.46 16-26 13/04A EUR 610,579.79 0.58 Sri Lanka 426,314.00 0.40 400,000.00 SRI LANKA REGS 6.25 11-21 27/07S USD 426,314.00 0.40 Sweden 491,194.45 0.46 400,000.00 SEB REGS 0.625 15-23 30/01A EUR 491,194.45 0.46 Switzerland 7,624,556.06 7.14 275,000.00 CREDIT SUISSE AG 3.574 17-23 09/01S USD 279,593.88 0.26 700,000.00 SUISSE CONFEDERATION 1.50 13-25 24/07A CHF 818,442.45 0.77 190,000.00 SWISS (GOVT) 2.00 10-21 28/04A CHF 212,429.08 0.20 800,000.00 SWITZERLAND 0.00 16-29 22/06U CHF 827,358.02 0.77 800,000.00 SWITZERLAND 1.25 14-26 28/05A CHF 927,469.33 0.87

Page 63 Natixis AM Funds - Natixis Multi Asset Global Income Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets 920,000.00 SWITZERLAND 4.00 98-23 11/02A CHF 1,164,030.06 1.09 369,000.00 SWITZERLAND 4.00 99-49 06/01A CHF 785,806.23 0.74 900,000.00 SWITZERLAND (CONFED.) 3.25 07-27 27/06A CHF 1,226,261.39 1.15 946,000.00 SWITZERLAND (CONFED.) 4.00 98-28 08/04A CHF 1,383,165.62 1.29 The Netherlands 3,763,268.63 3.52 500,000.00 ALTICE FINCO REGS 6.25 15-25 15/02S EUR 590,109.15 0.55 650,000.00 DEUTSCHE TEL INTL FIN 0.375 17-21 30/10A EUR 785,628.51 0.74 400,000.00 FIAT CHRYSLER AUTO 4.50 15-20 15/04S USD 411,492.00 0.39 400,000.00 GAS NAT FENOSA 1.375 17-27 19/01A EUR 481,869.04 0.45 300,000.00 ING BANK NV 3.375 12-22 10/01A EUR 409,600.08 0.38 350,000.00 ING GROEP 3.15 17-22 29/03S USD 353,648.75 0.33 275,000.00 TEVA PHARMA NE 2.80 16-23 21/07S USD 239,837.13 0.22 400,000.00 VW INTL FINANCE 1.125 17-23 02/10A EUR 491,083.97 0.46 The Netherlands Antilles 647,826.20 0.61 300,000.00 TEVA PHARMA 0.375 16-20 25/07A EUR 343,285.31 0.32 250,000.00 TEVA PHARMA FINANCE 2.875 12-19 15/04A EUR 304,540.89 0.29 Turkey 415,490.00 0.39 400,000.00 TURKEY 5.125 11-22 25/03S USD 415,490.00 0.39 Ukraine 640,443.00 0.60 600,000.00 MIN FIN UKRAINE REGS 7.75 15-21 01/09S USD 640,443.00 0.60 United Kingdom 3,337,954.31 3.13 300,000.00 ABBEY NATL 1.125 15-22 14/01A EUR 371,511.91 0.35 400,000.00 CREDIT AGRICOLE LDN 1.875 16-26 20/12A EUR 505,635.26 0.47 500,000.00 INTER GANE TECH REGS 4.125 15-20 15/02S EUR 639,768.23 0.61 500,000.00 JAGUAR LAND ROV REGS 4.125 13-18 15/12S USD 506,737.50 0.47 400,000.00 LLOYDS BANK PLC 0.625 15-22 14/09A EUR 490,238.60 0.46 200,000.00 TESCO CORP 1.375 14-19 01/07A EUR 244,640.19 0.23 450,000.00 VODAFONE GROUP 2.20 16-26 25/08A EUR 579,422.62 0.54 United States of America 32,036,351.16 30.01 600,000.00 AMERICAN AIRLINES GRP 5.50 14-19 01/10S USD 618,888.00 0.58 400,000.00 CELANESE US 1.125 16-23 26/09A EUR 483,538.14 0.45 500,000.00 CENTURYLINK 5.625 13-20 01/04S USD 506,185.00 0.47 300,000.00 DAVITA 5.75 12-22 15/08S USD 308,955.00 0.29 500,000.00 DISH DBS CORPORATION 5.125 13-20 01/05S USD 512,075.00 0.48 350,000.00 EMC 1.875 13-18 01/06S USD 348,647.25 0.33 350,000.00 FEDEX 2.625 12-22 01/08S USD 350,750.75 0.33 400,000.00 FEDEX CORP 0.50 16-20 09/04A EUR 484,630.87 0.45 300,000.00 FRONTIER COMMUNICATION8.125 09-18 01/10S USD 299,248.50 0.28 200,000.00 GOLDMAN SACHS GROU 3 17-22 26/04S USD 200,867.00 0.19 400,000.00 HCA INC 6.50 11-20 15/02S USD 426,558.00 0.40 500,000.00 HUNTSMAN INTL 4.875 12-20 15/11S USD 521,552.50 0.49 200,000.00 ISTAR INC 5.00 14-19 01/07S USD 201,939.00 0.19 300,000.00 KINDRED HEALTHCARE 8.00 15-20 15/01S USD 322,500.00 0.30 600,000.00 LENNAR CORP 4.50 14-19 15/06S USD 614,787.00 0.58 400,000.00 LIMITED BRANDS 7.00 10-20 01/05S USD 436,104.00 0.41 225,000.00 MACDONALDS 2.625 11-22 15/01S USD 225,724.50 0.21 400,000.00 MGM RESORT 5.25 13-20 31/03S USD 417,254.00 0.39 500,000.00 NATL GRID 0.75 15-22 11/02A EUR 610,249.56 0.57 300,000.00 ROCKIES EXP PIPELINE 6.00 13-19 15/01S USD 310,215.00 0.29 163,000.00 SILGAN HDG INC 5.00 12-20 01/04S USD 164,118.99 0.15 150,000.00 SIMON PROPERTY 2.625 17-25 15/06S USD 149,799.75 0.14 600,000.00 SPRINT NEXTEL 7.00 12-20 15/08S USD 639,915.00 0.60 400,000.00 TARGA RESOURCES PA 4.125 14-19 15/11S USD 403,892.00 0.38 300,000.00 TENET HEALTHCARE 6.00 13-20 01/10S USD 317,322.00 0.30 186,000.00 TESORO 6.25 16-22 15/10S USD 197,353.44 0.18 200,000.00 THE PRICELINE GROUP 0.80 17-22 10/03A EUR 243,292.88 0.23 500,000.00 TOLL BROS FINANCE COR 4.00 13-18 31/12S USD 506,665.00 0.47 2,900,000.00 UNIT STAT TREA BIL ZCP 15-02-18 USD 2,896,999.45 2.71 500,000.00 US STEEL 7.375 10-20 01/04S USD 543,837.50 0.51 1,588,000.00 US T-BONDS 3.625 14-44 15/02S USD 1,856,663.08 1.74 2,620,000.00 US TREASURY N/B 2.00 15-25 15/02S USD 2,561,838.20 2.40 1,600,000.00 US TREASURY N/B 2.25 17-27 15/08S USD 1,578,222.50 1.48 3,020,000.00 USA T NOTES 2.25 14-24 15/11S USD 3,005,146.71 2.81 1,200,000.00 USA TREASURY BONDS 3.375 14-44 15/05S USD 1,347,051.48 1.26 678,800.00 USA TREASURY BONDS 3.75 13-43 15/11S USD 809,037.40 0.76 1,500,000.00 USA TREASURY NOTES 1.50 14-19 30/11S USD 1,489,313.38 1.39

Page 64 Natixis AM Funds - Natixis Multi Asset Global Income Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets 1,525,800.00 USA TREASURY NOTES 2.00 11-21 15/11S USD 1,521,744.15 1.43 2,700,000.00 USA TREASURY NOTES 5.25 98-28 15/11S USD 3,427,072.93 3.22 170,000.00 ZF NA CAPITAL REGS 4.00 15-20 29/04S USD 176,396.25 0.17 Zambia 196,009.00 0.18 200,000.00 ZAMBIA REGS 5.375 12-22 20/09S USD 196,009.00 0.18 Floating rate notes 3,673,020.62 3.44 Australia 372,848.40 0.35 300,000.00 ORIGIN ENERGY 7.875 11-71 16/06S EUR 372,848.40 0.35 France 992,984.75 0.93 400,000.00 CASINO GUICHARD FL.R 13-XX 31/01A EUR 490,135.34 0.46 400,000.00 SOLVAY FIN SUB FL.R 13-XX 12/05A EUR 502,849.41 0.47 Italy 522,153.47 0.49 400,000.00 ENEL FL.R 14-75 15/01A EUR 522,153.47 0.49 The Netherlands 876,877.00 0.82 300,000.00 KPN FL.R 13-XX 14/09A EUR 375,254.81 0.35 400,000.00 TELEFONICA EUROPE BV FL.R 13-XX 18/09A EUR 501,622.19 0.47 United Kingdom 908,157.00 0.85 500,000.00 HSBC HOLDINGS PLC FLR 17-23 13/03S USD 506,915.00 0.47 400,000.00 ROYAL BK OF SCOTLAND FL.R 17-23 15/05S USD 401,242.00 0.38

Other transferable securities 2,869,342.02 2.69 Bonds and money market instruments 2,869,342.02 2.69 Ecuador 235,057.00 0.22 200,000.00 ECUADOR REGS 7.95 16-22 28/03S USD 235,057.00 0.22 France 1,024,085.47 0.96 400,000.00 GECINA 1.375 17-28 26/01A EUR 483,269.16 0.45 400,000.00 LA BANQUE POST HOME 2.375 14-24 15/01A EUR 540,816.31 0.51 Italy 482,241.28 0.45 400,000.00 ENI SPA 1.00 17-25 14/03A EUR 482,241.28 0.45 Portugal 483,240.34 0.45 400,000.00 CAIXA ECO 0.875 17-22 17/10A EUR 483,240.34 0.45 Spain 242,347.86 0.23 200,000.00 BANCO BILBAO VIZCA 0.625 17-22 17/01A EUR 242,347.86 0.23 United Kingdom 402,370.07 0.38 300,000.00 HSBC HOLDINGS PLC 2.50 16-27 15/03A EUR 402,370.07 0.38

Shares/Units of UCITS/UCI 9,663,918.00 9.05 Shares/Units in investment funds 9,663,918.00 9.05 Ireland 6,567,750.00 6.15 1,350,000.00 ISHS MRT BCK USD ETF USD 6,567,750.00 6.15 Luxembourg 3,096,168.00 2.90 28,400.00 NATIXIS GLOBAL CV BONDS IA (USD) USD 3,096,168.00 2.90

Total securities portfolio 96,915,208.52 90.77

Page 65 Natixis AM Funds - Natixis Global Currency

Page 66 Natixis AM Funds - Natixis Global Currency Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 25,513,044.35 Securities portfolio at market value 20,542,653.29 Cost price 20,621,680.12 Unrealised loss on the securities portfolio -79,026.83 Cash at banks and liquidities 4,929,832.28 Interest receivable 33,268.44 Net unrealised appreciation on forward foreign exchange contracts 7,219.35 Other assets 70.99 Liabilities 438,857.25 Bank overdrafts 33,550.80 Redemptions payable 394,159.35 Net unrealised depreciation on financial futures 416.39 Accrued expenses 8,708.29 Other liabilities 2,022.42 Net asset value 25,074,187.10

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class I (EUR) Capitalisation shares 2,470.19 1,334.63 1,323.00 2,481.82

Class R (EUR) Capitalisation shares 1.00 0.00 0.00 1.00

Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 25,074,187.10 25,111,528.79 22,643,819.65

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 2,481.82 2,470.19 2,220.04 Net asset value per share 10,102.75 10,165.42 10,199.28

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 1.00 1.00 1.00 Net asset value per share 973.60 982.56 991.89

Page 67 Natixis AM Funds - Natixis Global Currency Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 13,264,959.70 52.90 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 12,264,414.70 48.91 France 3,403,767.45 13.57 1,000,000.00 ENGIE SA ZCP 030518 EUR 1,001,657.77 3.99 1,200,000.00 VEOLIA ENVIRONN SA ZCP 010218 EUR 1,201,727.73 4.79 1,200,000.00 VINCI ZCP 180118 EUR 1,200,381.95 4.79 Italy 2,208,816.45 8.81 2,200,000.00 ITALY BUONI TES BOT ZCP 121018 EUR 2,208,816.45 8.81 Spain 4,451,234.25 17.75 1,700,000.00 SPAIN 0.25 15-18 30/04A EUR 1,704,122.50 6.79 1,000,000.00 SPAIN 0.25 16-19 31/01A EUR 1,006,940.00 4.02 750,000.00 SPAIN 4.10 08-18 30/07A EUR 769,683.75 3.07 900,000.00 SPAIN 4.60 09-19 30/07A EUR 970,488.00 3.87 The Netherlands 1,200,346.77 4.79 1,200,000.00 IBERDROLA INTERN ZCP 220118 EUR 1,200,346.77 4.79 United Kingdom 1,000,249.78 3.99 1,000,000.00 BAT INTERNAT ZCP 220118 EUR 1,000,249.78 3.99 Floating rate notes 1,000,545.00 3.99 France 1,000,545.00 3.99 1,000,000.00 SOCIETE GENERALE FL.R 16-18 19/02Q EUR 1,000,545.00 3.99

Shares/Units of UCITS/UCI 2,076,609.20 8.28 Shares/Units in investment funds 2,076,609.20 8.28 France 2,076,609.20 8.28 20.00 NATIXIS TRESORIE PLUS -IC- EUR CAP EUR 2,076,609.20 8.28

Other money market instruments 5,201,084.39 20.74 Bonds and money market instruments 5,201,084.39 20.74 France 4,202,061.16 16.76 2,200,000.00 AGACHE (STE FIN) ZCP 180118 EUR 2,200,514.10 8.78 1,000,000.00 COFACE ZCP 180118 EUR 1,000,645.41 3.99 1,000,000.00 COFACE ZCP 220118 EUR 1,000,901.65 3.99 The Netherlands 999,023.23 3.98 1,000,000.00 VOLKSWAGEN INTERN ZCP 120218 EUR 999,023.23 3.98

Total securities portfolio 20,542,653.29 81.93

Page 68 Natixis AM Funds - H2O Lux MultiBonds

Page 69 Natixis AM Funds - H2O Lux MultiBonds Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 8,511,829.33 Securities portfolio at market value 7,964,269.99 Cost price 6,766,270.03 Unrealised profit on the securities portfolio 1,197,999.96 Cash at banks and liquidities 545,071.54 Brokers receivable 2,487.80 Liabilities 326,683.89 Redemptions payable 2,405.00 Accrued expenses 323,013.16 Other liabilities 1,265.73 Net asset value 8,185,145.44

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class I (EUR) Capitalisation shares 5,314.00 3,363.00 0.00 8,677.00

Class R (EUR) Capitalisation shares 8,640.00 4,318.00 0.00 12,958.00 Distribution shares 41,413.00 5,076.00 0.00 46,489.00

Key figures

Period ended as at: 31/12/17 30/06/17

Total Net Assets EUR 8,185,145.44 6,187,361.33

Class I (EUR) EUR EUR Capitalisation shares Number of shares 8,677.00 5,314.00 Net asset value per share 124.60 115.55

Class R (EUR) EUR EUR Capitalisation shares Number of shares 12,958.00 8,640.00 Net asset value per share 120.78 112.31 Distribution shares Number of shares 46,489.00 41,413.00 Net asset value per share 119.14 111.14

Page 70 Natixis AM Funds - H2O Lux MultiBonds Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

Shares/Units of UCITS/UCI 7,964,269.99 97.30 Shares/Units in investment funds 7,964,269.99 97.30 United Kingdom 7,964,269.99 97.30 60,800.60 H2O MULTIBONDS-EUR MD- 4 DEC EUR 7,964,269.99 97.30

Total securities portfolio 7,964,269.99 97.30

Page 71 Natixis AM Funds - H2O Lux Allegro

Page 72 Natixis AM Funds - H2O Lux Allegro Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 9,234,098.44 Securities portfolio at market value 8,353,343.90 Cost price 8,651,800.52 Unrealised loss on the securities portfolio -298,456.62 Cash at banks and liquidities 791,626.54 Subscriptions receivable 89,128.00 Liabilities 93,702.78 Brokers payable 86,913.12 Accrued expenses 5,922.59 Other liabilities 867.07 Net asset value 9,140,395.66

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class I (EUR) Capitalisation shares 3,550.00 41,911.38 0.00 45,461.38

Class R (EUR) Capitalisation shares 1,233.10 21,706.46 0.00 22,939.56

Key figures

Period ended as at: 31/12/17 30/06/17

Total Net Assets EUR 9,140,395.66 591,995.35

Class I (EUR) EUR EUR Capitalisation shares Number of shares 45,461.38 3,550.00 Net asset value per share 132.68 122.94

Class R (EUR) EUR EUR Capitalisation shares Number of shares 22,939.56 1,233.10 Net asset value per share 135.51 126.13

Page 73 Natixis AM Funds - H2O Lux Allegro Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

Shares/Units of UCITS/UCI 8,353,343.90 91.39 Shares/Units in investment funds 8,353,343.90 91.39 United Kingdom 8,353,343.90 91.39 58,909.34 H2O ALLEGRO -EUR MD- 4 DEC EUR 8,353,343.90 91.39

Total securities portfolio 8,353,343.90 91.39

Page 74 Natixis AM Funds - Natixis Euro Value Equity

Page 75 Natixis AM Funds - Natixis Euro Value Equity Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 98,869,479.62 Securities portfolio at market value 88,446,334.74 Cost price 86,596,536.47 Unrealised profit on the securities portfolio 1,849,798.27 Cash at banks and liquidities 10,347,842.14 Interest receivable 3,407.57 Subscriptions receivable 724.60 Dividends receivable 71,170.57 Liabilities 8,794,243.13 Bank overdrafts 8,709,218.86 Accrued expenses 77,794.91 Other liabilities 7,229.36 Net asset value 90,075,236.49

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class M (EUR) Distribution shares 318.30 10.43 27.77 300.96

Class I (EUR) Capitalisation shares 1,316.21 13.12 63.30 1,266.03

Class I (EUR) Distribution shares 5,208.69 0.00 20.00 5,188.69

Class R (EUR) Capitalisation shares 1.00 0.00 0.00 1.00

Page 76 Natixis AM Funds - Natixis Euro Value Equity Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 90,075,236.49 90,924,498.85 122,999,443.90

Class M (EUR) EUR EUR EUR Distribution shares Number of shares 300.96 318.30 418.88 Net asset value per share 55,469.46 55,130.36 45,662.51 Dividend per share 1,137.70 1,137.70 434.39

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 1,266.03 1,316.21 3,058.83 Net asset value per share 11,643.55 11,356.56 9,207.00

Class I (EUR) EUR EUR EUR Distribution shares Number of shares 5,188.69 5,208.69 8,151.69 Net asset value per share 11,301.45 11,217.54 9,287.60 Dividend per share 199.68 199.68 57.13

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 1.00 1.00 1.00 Net asset value per share 110.42 108.54 89.52

Page 77 Natixis AM Funds - Natixis Euro Value Equity Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 82,850,247.92 91.98 exchange listing and/or dealt in on another regulated market Shares 82,850,247.92 91.98 Finland 1,731,038.76 1.92 444,540.00 NOKIA OYJ EUR 1,731,038.76 1.92 France 33,879,934.98 37.62 40,312.00 ALSTOM SA EUR 1,394,996.76 1.55 13,480.00 ARKEMA SA EUR 1,368,894.00 1.52 91,498.00 AXA SA EUR 2,263,203.03 2.51 25,166.00 BNP PARIBAS SA EUR 1,566,583.50 1.74 61,374.00 CARREFOUR SA EUR 1,107,186.96 1.23 47,954.00 CIE DE SAINT-GOBAIN EUR 2,204,924.92 2.45 20,226.00 DANONE EUR 1,414,808.70 1.57 68,486.00 ELIOR GROUP EUR 1,179,671.35 1.31 44,253.00 NEXANS SA EUR 2,261,770.83 2.51 121,863.00 ORANGE EUR 1,763,966.93 1.96 46,807.00 PEUGEOT SA EUR 793,612.69 0.88 26,309.00 PUBLICIS GROUPE EUR 1,490,404.85 1.65 37,465.00 SANOFI EUR 2,691,860.25 2.99 68,685.00 SOCIETE GENERALE SA EUR 2,956,889.25 3.29 86,897.00 SPIE SA EUR 1,886,099.39 2.09 134,466.00 SUEZ ACT. EUR 1,971,943.89 2.19 405,736.00 TECHNICOLOR ACT PROV.DE REGROUPEMENT EUR 1,164,462.32 1.29 69,695.00 TOTAL SA EUR 3,209,106.28 3.57 55,913.00 VEOLIA ENVIRONNEMENT SA EUR 1,189,549.08 1.32 Germany 20,960,674.88 23.27 29,644.00 BAYER AG REG SHS EUR 3,082,976.00 3.42 10,665.00 BMW AG EUR 926,041.95 1.03 12,624.00 DAIMLER NAMEN-AKT EUR 893,779.20 0.99 248,335.00 DEUTSCHE TELEKOM AG REG SHS EUR 3,674,116.33 4.08 23,567.00 HEIDELBERGCEMENT AG EUR 2,126,921.75 2.36 12,111.00 LINDE AG EUR 2,357,406.15 2.62 10,561.00 MUENCHENER RUECKVERSICHERUNGS AG REG SHS EUR 1,908,900.75 2.12 22,676.00 SAP AG EUR 2,119,072.20 2.35 23,259.00 VOLKSWAGEN VORZ.AKT EUR 3,871,460.55 4.30 Ireland 3,563,776.02 3.96 218,948.00 BANK OF IRELAND - REGISTERED EUR 1,553,436.06 1.72 67,112.00 CRH PLC EUR 2,010,339.96 2.24 Italy 6,446,707.48 7.16 141,717.00 ASSICURAZIONI GENERALI SPA EUR 2,154,098.40 2.39 387,354.00 BANCO BPM REGISTERED EUR 1,014,867.48 1.13 1,911,104.00 TELECOM ITALIA SPA EUR 1,376,950.44 1.53 122,002.00 UNICREDIT REGISTERED SHS AFTER SPLIT EUR 1,900,791.16 2.11 Luxembourg 2,127,225.98 2.36 78,452.00 ARCELORMITTAL - REGISTERED EUR 2,127,225.98 2.36 Spain 4,624,272.52 5.13 646,349.00 BANCO SANTANDER SA REG SHS EUR 3,541,346.17 3.93 57,222.00 FERROVIAL SA EUR 1,082,926.35 1.20 The Netherlands 8,523,692.95 9.46 84,629.00 ABN AMRO GROUP DEP RECEIPT EUR 2,276,520.10 2.53 24,670.00 DSM KONINKLIJKE EUR 1,965,458.90 2.18 73,180.00 KONINKLIJKE AHOLD NV EUR 1,341,755.31 1.49 105,811.00 ROYAL DUTCH SHELL PLC EUR 2,939,958.64 3.26 United Kingdom 992,924.35 1.10 38,411.00 TECHNIPFMC LTD EUR 992,924.35 1.10

Shares/Units of UCITS/UCI 5,596,086.82 6.21 Shares/Units in investment funds 5,596,086.82 6.21 France 5,596,086.82 6.21 41,474.00 NATIXIS ACTIONS EUR GRW -I- EUR 5,596,086.82 6.21

Total securities portfolio 88,446,334.74 98.19

Page 78 Natixis AM Funds - Natixis Food & Consumer Equities

Page 79 Natixis AM Funds - Natixis Food & Consumer Equities Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 48,036.48 Securities portfolio at market value 48,022.79 Cost price 49,811.00 Unrealised loss on the securities portfolio -1,788.21 Cash at banks and liquidities 13.69 Liabilities 24.03 Accrued expenses 20.24 Other liabilities 3.79 Net asset value 48,012.45

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class I (EUR) Capitalisation shares 500.00 0.00 0.00 500.00

Key figures

Period ended as at: 31/12/17 30/06/17

Total Net Assets EUR 48,012.45 48,083.44

Class I (EUR) EUR EUR Capitalisation shares Number of shares 500.00 500.00 Net asset value per share 96.02 96.17

Page 80 Natixis AM Funds - Natixis Food & Consumer Equities Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

Shares/Units of UCITS/UCI 48,022.79 100.02 Shares/Units in investment funds 48,022.79 100.02 France 48,022.79 100.02 498.11 AAA ACTIONS AGRO ALIM-MD- EUR 48,022.79 100.02

Total securities portfolio 48,022.79 100.02

Page 81 Natixis AM Funds - Natixis Conservative Risk Parity

Page 82 Natixis AM Funds - Natixis Conservative Risk Parity Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 104,213,854.87 Securities portfolio at market value 93,336,458.40 Cost price 91,002,523.71 Unrealised profit on the securities portfolio 2,333,934.69 Cash at banks and liquidities 10,251,850.39 Interest receivable 61,714.38 Subscriptions receivable 289,895.50 Net unrealised appreciation on financial futures 273,936.20 Liabilities 683,228.54 Bank overdrafts 605,543.96 Redemptions payable 3,906.73 Accrued expenses 63,783.20 Other liabilities 9,994.65 Net asset value 103,530,626.33

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class I (EUR) Capitalisation shares 6,882.80 931.52 2,132.82 5,681.50

Class I (EUR) Distribution shares 1,374.00 0.00 0.00 1,374.00

Class R (EUR) Capitalisation shares 125,849.35 29,981.21 10,026.75 145,803.81

Class R (EUR) Distribution shares 35,855.09 14,607.38 130.00 50,332.47

Class RE (EUR) Capitalisation shares 29.32 676.55 28.32 677.55

Class RE (EUR) Distribution shares 1.00 0.00 0.00 1.00

Page 83 Natixis AM Funds - Natixis Conservative Risk Parity Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 103,530,626.33 111,867,738.39 103,505,058.92

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 5,681.50 6,882.80 7,087.52 Net asset value per share 11,587.65 11,381.15 11,415.17

Class I (EUR) EUR EUR EUR Distribution shares Number of shares 1,374.00 1,374.00 1,800.00 Net asset value per share 11,230.20 11,224.43 11,376.73 Dividend per share 196.23 118.98 1.96

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 145,803.81 125,849.35 7,698.15 Net asset value per share 113.62 112.01 113.01

Class R (EUR) EUR EUR EUR Distribution shares Number of shares 50,332.47 35,855.09 10,990.01 Net asset value per share 111.77 111.87 113.86 Dividend per share 1.71 1.00 0.12

Class RE (EUR) EUR EUR EUR Capitalisation shares Number of shares 677.55 29.32 1.00 Net asset value per share 106.40 105.16 107.37

Class RE (EUR) EUR EUR EUR Distribution shares Number of shares 1.00 1.00 1.00 Net asset value per share 104.13 104.37 107.32 Dividend per share 0.91 0.53 0.00

Page 84 Natixis AM Funds - Natixis Conservative Risk Parity Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 21,747,093.73 21.01 exchange listing and/or dealt in on another regulated market Shares 3,645,405.23 3.52 Jersey Island 3,645,405.23 3.52 150,000.00 ETFS CO SEC LTD INDV 06 SS FIX MAT GD CO USD 1,923,405.23 1.86 200,000.00 ETFS COMDTY SEC ON EX AGRI AND LIVESTOCK EUR 1,722,000.00 1.66 Bonds and money market instruments 18,101,688.50 17.49 Germany 16,998,573.50 16.42 9,700,000.00 BRD 0.50 15-25 15/02A EUR 9,977,468.50 9.64 7,000,000.00 BRD 0.25 13-18 13/04U EUR 7,021,105.00 6.78 Portugal 1,103,115.00 1.07 1,000,000.00 PORTUGAL 2.875 15-25 15/10A EUR 1,103,115.00 1.07

Shares/Units of UCITS/UCI 71,589,364.67 69.15 Shares/Units in investment funds 71,589,364.67 69.15 France 40,754,622.00 39.37 14,000.00 AM EMU UCITS ETF DR EUR 2,804,620.00 2.71 21,500.00 AM ETF EU H YI EUR 4,723,980.00 4.56 2,500.00 AMUNDI ETF MSCI CHINA FCP CAP/DIS EUR 675,050.00 0.65 250,000.00 AMUNDI ETF MSCI EMERGING MKT FCP -B- CAP EUR 1,043,250.00 1.01 1,500.00 AMUNDI ETF MSCI SWITZERLAND FCP CAP/DIS EUR 388,410.00 0.38 20,000.00 LYXOR ETF MSCI EUROPE CAP/DIS -D- EUR 2,582,200.00 2.49 17,200.00 LYXOR ETF MSCI USA FCP -A- CAP/DIS EUR 3,676,844.00 3.55 100.00 NATIXIS TRESORIE PLUS -IC- EUR CAP EUR 10,383,046.00 10.03 9,400.00 NATIXIS ULTRA SH BD PLUS FCP EUR 14,477,222.00 13.99 Ireland 8,076,638.42 7.80 10,000.00 H2O BARRY SHORT FUND CL I EUR EUR 984,800.00 0.95 15,000.00 ISHARES MSCI KOREA EUR 640,950.00 0.62 35,000.00 ISHS GLOBAL INFRASTRUCTURE UCITS ETF EUR 769,300.00 0.74 25,000.00 ISHS JPMORGA EM USD SHS USD ETF USD 2,384,868.42 2.30 110,000.00 ISHS LIS PRI EQ -USD- EUR 1,914,000.00 1.85 16,000.00 ISHS USD HI YLD USD SHS USD ETF EUR 1,382,720.00 1.34 Luxembourg 16,926,571.65 16.35 4,000.00 BNPP E FEN EC -UCITS ETF QD-DIS EUR 1,033,480.00 1.00 20,000.00 BNPP E NMX30IGI -UCITS ETF- CAP EUR 1,042,000.00 1.01 105,000.00 DB X TRACKERS MSCI JPN TRN IDX -1C- CAP EUR 5,439,000.00 5.25 16,000.00 DB X TRCK MSCI PAC EX JPN TRN IDX -1C- EUR 818,400.00 0.79 25,000.00 DNCA I MIURI -I- CAP EUR 3,243,750.00 3.13 10,000.00 FIDELIO CLASS I EUR (HEDGED) EUR 1,063,900.00 1.03 3,500.00 LIF MSCI EMU SC -C-EUR- CAP EUR 1,053,220.00 1.02 15,000.00 NAT AM SEE EU MKT NEU I/A EUR CAP EUR 1,515,300.00 1.46 20,000.00 NATIXIS ASG MNGD FUT-I/A-USD USD 1,717,521.65 1.66 United Kingdom 5,831,532.60 5.63 55.00 H20 ADAGIO FCP -I- 4 DEC EUR 3,723,088.60 3.59 25.00 H20 MODERATO FCP -I- 4 DEC EUR 2,108,444.00 2.04

Total securities portfolio 93,336,458.40 90.15

Page 85 Natixis AM Funds - Seeyond Multi Asset Conservative Growth Fund

Page 86 Natixis AM Funds - Seeyond Multi Asset Conservative Growth Fund Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 354,793,618.94 Securities portfolio at market value 323,321,977.18 Cost price 327,119,198.73 Unrealised loss on the securities portfolio -3,797,221.55 Options purchased at market value 32,110.00 Options purchased at cost 54,530.00 Cash at banks and liquidities 29,579,920.95 Interest receivable 435,170.20 Subscriptions receivable 1,499.99 Net unrealised appreciation on forward foreign exchange contracts 395,248.22 Net unrealised appreciation on financial futures 1,027,692.40 Liabilities 1,825,967.70 Options sold at market value 352,109.01 Options sold at cost 311,781.06 Bank overdrafts 1,223,939.41 Redemptions payable 88,364.77 Accrued expenses 133,801.02 Other liabilities 27,753.49 Net asset value 352,967,651.24

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class M (EUR) Capitalisation shares 1,049.26 61.07 174.23 936.10

Class I (EUR) Capitalisation shares 13,141.01 13,178.77 937.03 25,382.75

Class N (EUR) Capitalisation shares 3,000.00 0.00 0.00 3,000.00

Class N (H-CHF) (*) Capitalisation shares 0.00 1.00 0.00 1.00

Class R (EUR) Capitalisation shares 40,360.49 1,340.93 10,132.49 31,568.93

Class R (H-USD) Capitalisation shares 1,718.27 0.00 1,008.27 710.00

Class RE (EUR) Capitalisation shares 7,086.70 0.00 2,090.97 4,995.73

Class RE (EUR) Distribution shares 804.82 0.00 0.00 804.82

Page 87 Natixis AM Funds - Seeyond Multi Asset Conservative Growth Fund Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 352,967,651.24 212,456,265.06 134,873,168.23

Class M (EUR) EUR EUR EUR Capitalisation shares Number of shares 936.10 1,049.26 1,310.33 Net asset value per share 59,415.53 57,348.26 56,321.05

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 25,382.75 13,141.01 4,658.70 Net asset value per share 11,535.57 11,156.07 10,997.88

Class N (EUR) EUR EUR EUR Capitalisation shares Number of shares 3,000.00 3,000.00 3,000.00 Net asset value per share 105.73 102.67 101.43

Class N (H-CHF) (*) CHF CHF CHF Capitalisation shares Number of shares 1.00 0.00 2,000.00 Net asset value per share 108.33 0.00 95.71

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 31,568.93 40,360.49 62,054.02 Net asset value per share 112.28 108.91 108.02

Class R (H-USD) USD USD USD Capitalisation shares Number of shares 710.00 1,718.27 2,568.27 Net asset value per share 105.61 101.80 99.49

Class RE (EUR) EUR EUR EUR Capitalisation shares Number of shares 4,995.73 7,086.70 22,198.48 Net asset value per share 108.61 105.61 105.27

Class RE (EUR) EUR EUR EUR Distribution shares Number of shares 804.82 804.82 932.82 Net asset value per share 95.88 93.24 92.94

(*) Restarded on 11/07/17.

Page 88 Natixis AM Funds - Seeyond Multi Asset Conservative Growth Fund Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 241,370,733.92 68.38 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 241,370,733.92 68.38 France 80,574,239.94 22.83 7,300,000.00 FRANCE OAT 0.50 15-25 25/05A EUR 7,415,778.00 2.10 73,000,000.00 REPUBLIQUE FRANCAISE ZCP 140318 EUR 73,158,461.94 20.73 Germany 22,037,400.00 6.24 22,000,000.00 BRD 0.50 13-18 23/02A EUR 22,037,400.00 6.24 Italy 85,230,773.49 24.15 8,500,000.00 ITALY BTP 4.50 13-24 01/03S EUR 10,139,650.00 2.87 75,000,000.00 ITALY BUONI TES BOT ZCP 140218 EUR 75,091,123.49 21.28 United Kingdom 5,027,431.99 1.42 4,000,000.00 UNITED KINGDOM 3.75 11-21 07/09S GBP 5,027,431.99 1.42 United States of America 48,500,888.50 13.74 33,100,000.00 US TREASURY INDEXE 0.625 16-26 15/01S USD 29,097,011.73 8.24 23,850,000.00 USA T NOTES 1.625 12-22 15/08S USD 19,403,876.77 5.50

Shares/Units of UCITS/UCI 6,871,679.78 1.95 Shares/Units in investment funds 6,871,679.78 1.95 France 2,586,883.32 0.73 1.00 SEEY FLE PEA MT -IC- CAP 4 DEC EUR 52,510.74 0.01 51.00 SEEYOND OBJECTIF 12 MOIS FCP -I- 4 DEC EUR 2,534,372.58 0.72 Luxembourg 4,284,796.46 1.22 77,100.00 DBX-TRACKERS MSCI EM ASIA TRN IDX -1C- EUR 3,477,981.00 0.99 22.00 SEEYOND EQUITY VOLATILITY STRATEGIES I/A(EUR) EUR 806,815.46 0.23

Other money market instruments 75,079,563.48 21.27 Bonds and money market instruments 75,079,563.48 21.27 Spain 75,079,563.48 21.27 75,000,000.00 SPAI LETR DEL TESO ZCP 16-02-18 EUR 75,079,563.48 21.27

Total securities portfolio 323,321,977.18 91.60

Page 89 Natixis AM Funds - Seeyond Multi Asset Diversified Growth Fund

Page 90 Natixis AM Funds - Seeyond Multi Asset Diversified Growth Fund Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 231,122,887.26 Securities portfolio at market value 204,586,329.73 Cost price 206,115,800.12 Unrealised loss on the securities portfolio -1,529,470.39 Options purchased at market value 40,560.00 Options purchased at cost 68,880.00 Cash at banks and liquidities 24,927,425.87 Interest receivable 200,000.22 Subscriptions receivable 27,492.05 Net unrealised appreciation on forward foreign exchange contracts 160,405.41 Net unrealised appreciation on financial futures 1,180,673.98 Liabilities 3,146,098.08 Options sold at market value 460,942.70 Options sold at cost 408,165.85 Bank overdrafts 1,426,446.72 Redemptions payable 205,430.35 Accrued expenses 1,007,815.84 Other liabilities 45,462.47 Net asset value 227,976,789.18

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class M (EUR) Capitalisation shares 395,236.65 17,980.81 18,782.76 394,434.70

Class I (EUR) Capitalisation shares 4,761.87 5,797.57 103.67 10,455.77

Class I (EUR) Distribution shares 1.00 0.00 0.00 1.00

Class R (EUR) Capitalisation shares 2,380.46 1,306.27 729.02 2,957.71

Class I NPF (EUR) (*) Capitalisation shares 0.00 375,740.79 0.00 375,740.79

Page 91 Natixis AM Funds - Seeyond Multi Asset Diversified Growth Fund Key figures

Period ended as at: 31/12/17 30/06/17

Total Net Assets EUR 227,976,789.18 104,230,335.97

Class M (EUR) EUR EUR Capitalisation shares Number of shares 394,434.70 395,236.65 Net asset value per share 110.37 102.45

Class I NPF (EUR) (*) EUR EUR Capitalisation shares Number of shares 375,740.79 0.00 Net asset value per share 102.22 0.00

Class I (EUR) EUR EUR Capitalisation shares Number of shares 10,455.77 4,761.87 Net asset value per share 13,600.23 12,773.50

Class I (EUR) EUR EUR Distribution shares Number of shares 1.00 1.00 Net asset value per share 13,433.96 12,615.94

Class R (EUR) EUR EUR Capitalisation shares Number of shares 2,957.71 2,380.46 Net asset value per share 1,291.23 1,217.62

(*) Launched on 16/10/17

Page 92 Natixis AM Funds - Seeyond Multi Asset Diversified Growth Fund Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 138,659,333.52 60.82 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 138,659,333.52 60.82 France 43,114,958.19 18.91 8,900,000.00 FRANCE OAT 0.50 15-25 25/05A EUR 9,041,154.00 3.97 34,000,000.00 REPUBLIQUE FRANCAISE ZCP 140318 EUR 34,073,804.19 14.94 Germany 7,705,498.29 3.38 2,386,000.00 BRD 0.50 13-18 23/02A EUR 2,390,056.20 1.05 1,603,000.00 BUNDESREPUB DEUTS. 1.50 13-23 15/02A EUR 1,740,128.64 0.76 3,120,000.00 DEUTSCHLAND REP 1.00 14-24 15/08A EUR 3,319,087.20 1.46 250,000.00 GERMANY 4.25 08-18 04/07A EUR 256,226.25 0.11 Italy 49,666,830.40 21.78 704,000.00 ITALY BTP 4.50 13-24 01/03S EUR 839,801.60 0.37 600,000.00 ITALY BTP 4.75 13-44 01/09S EUR 768,420.00 0.34 48,000,000.00 ITALY BUONI TES BOT ZCP 140218 EUR 48,058,608.80 21.07 United Kingdom 3,142,144.99 1.38 2,500,000.00 UNITED KINGDOM 3.75 11-21 07/09S GBP 3,142,144.99 1.38 United States of America 35,029,901.65 15.37 1,850,000.00 US T-BONDS 3.625 14-44 15/02S USD 1,801,290.06 0.79 37,800,000.00 US TREASURY INDEXE 0.625 16-26 15/01S USD 33,228,611.59 14.58

Shares/Units of UCITS/UCI 5,863,345.42 2.57 Shares/Units in investment funds 5,863,345.42 2.57 France 2,434,985.42 1.07 49.00 SEEYOND OBJECTIF 12 MOIS FCP -I- 4 DEC EUR 2,434,985.42 1.07 Luxembourg 3,428,360.00 1.50 76,000.00 DBX-TRACKERS MSCI EM ASIA TRN IDX -1C- EUR 3,428,360.00 1.50

Other money market instruments 60,063,650.79 26.35 Bonds and money market instruments 60,063,650.79 26.35 Spain 60,063,650.79 26.35 60,000,000.00 SPAI LETR DEL TESO ZCP 16-02-18 EUR 60,063,650.79 26.35

Total securities portfolio 204,586,329.73 89.74

Page 93 Natixis AM Funds - Seeyond Equity Factor Investing Europe

Page 94 Natixis AM Funds - Seeyond Equity Factor Investing Europe Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 88,992,455.91 Securities portfolio at market value 85,220,381.21 Cost price 78,542,582.60 Unrealised profit on the securities portfolio 6,677,798.61 Cash at banks and liquidities 2,300,392.04 Interest receivable 667.22 Brokers receivable 974,442.38 Dividends receivable 77,857.17 Receivable on spot exchange 418,715.89 Liabilities 3,032,198.09 Bank overdrafts 2,583,088.91 Payable on spot exchange 419,133.19 Accrued expenses 23,139.46 Other liabilities 6,836.53 Net asset value 85,960,257.82

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class I (EUR) Capitalisation shares 27,444.00 0.00 9,018.00 18,426.00

Class SI (EUR) Capitalisation shares 792,011.00 19,621.00 83,503.00 728,129.00

Page 95 Natixis AM Funds - Seeyond Equity Factor Investing Europe Key figures

Period ended as at: 31/12/17 30/06/17

Total Net Assets EUR 85,960,257.82 91,085,880.45

Class I (EUR) EUR EUR Capitalisation shares Number of shares 18,426.00 27,444.00 Net asset value per share 114.78 110.96

Class SI (EUR) EUR EUR Capitalisation shares Number of shares 728,129.00 792,011.00 Net asset value per share 115.15 111.16

Page 96 Natixis AM Funds - Seeyond Equity Factor Investing Europe Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 84,958,275.58 98.83 exchange listing and/or dealt in on another regulated market Shares 84,958,275.58 98.83 Austria 1,948,528.24 2.27 6,031.00 AMS - INHABER-AKT (CHF) CHF 455,874.85 0.53 6,490.00 ERSTE GROUP BANK AG EUR 234,321.45 0.27 13,072.00 OMV AG EUR 690,593.76 0.81 16,548.00 RAIFFEISEN BANK INTERNATIONAL-HOLDING AG EUR 499,749.60 0.58 1,364.00 VOESTALPINE AG EUR 67,988.58 0.08 Belgium 1,100,802.35 1.28 5,296.00 AB INBEV EUR 493,216.48 0.57 2,115.00 AGEAS NOM EUR 86,112.23 0.10 1,602.00 GROUPE BRUXELLES LAMBERT GBL EUR 144,163.98 0.17 5,306.00 KBC GROUPE SA EUR 377,309.66 0.44 Denmark 3,355,020.00 3.90 1,461.00 CARLSBERG AS -B- DKK 146,190.26 0.17 17,446.00 DANSKE BANK DKK 566,115.13 0.66 7,216.00 DSV DKK 473,545.76 0.55 1,795.00 GENMAB AS DKK 248,080.02 0.29 5,120.00 GN GREAT NORDIC DKK 137,878.42 0.16 6,080.00 H. LUNDBECK DKK 257,232.65 0.30 6,737.00 ISS A/S DKK 217,436.42 0.25 14,566.00 NOVO NORDISK DKK 654,407.69 0.76 2,120.00 ORSTED DKK 96,441.29 0.11 3,145.00 PANDORA DKK 285,336.92 0.33 4,729.00 VESTAS WIND SYSTEMS AS DKK 272,355.44 0.32 Finland 1,370,713.61 1.59 7,483.00 ELISA CORPORATION -A- EUR 244,843.76 0.28 61,101.00 NOKIA OYJ EUR 237,927.29 0.28 34,166.00 OUTOKUMPU OYJ -A- EUR 264,444.84 0.31 19,015.00 STORA ENSO -R- EUR 251,378.30 0.29 14,362.00 UPM KYMMENE CORP EUR 372,119.42 0.43 France 14,155,795.68 16.47 2,467.00 AEROPORTS DE PARIS-ADP- EUR 391,019.50 0.45 20,523.00 AIR FRANCE - KLM SA EUR 278,702.34 0.32 4,397.00 AIR LIQUIDE SA EUR 461,904.85 0.54 4,941.00 AMUNDI SA EUR 349,081.65 0.41 2,692.00 ATOS EUR 326,674.20 0.38 19,583.00 AXA SA EUR 484,385.51 0.56 1,311.00 BIOMERIEUX SA EUR 97,918.59 0.11 8,947.00 BNP PARIBAS SA EUR 556,950.75 0.65 7,421.00 CIE DE SAINT-GOBAIN EUR 341,217.58 0.40 28,992.00 CREDIT AGRICOLE SA EUR 400,089.60 0.47 6,090.00 DANONE EUR 425,995.50 0.50 2,643.00 DASSAULT SYSTEMES SA EUR 234,143.37 0.27 6,588.00 EDF SA EUR 68,646.96 0.08 11,854.00 ELIS SA EUR 272,819.81 0.32 4,117.00 ESSILOR INTERNATIONAL SA EUR 473,249.15 0.55 1,264.00 EURAZEO EUR 97,328.00 0.11 5,594.00 FAURECIA EUR 364,337.22 0.42 3,147.00 IPSEN EUR 313,346.79 0.36 1,284.00 KERING EUR 504,612.00 0.59 3,701.00 LEGRAND SA EUR 237,567.19 0.28 2,958.00 L'OREAL SA EUR 547,082.10 0.64 2,104.00 LVMH EUR 516,321.60 0.60 1,149.00 MICHELIN SA REG SHS EUR 137,362.95 0.16 23,264.00 ORANGE EUR 336,746.40 0.39 2,487.00 PERNOD RICARD SA EUR 328,159.65 0.38 3,829.00 PEUGEOT SA EUR 64,920.70 0.08 784.00 RENAULT SA EUR 65,785.44 0.08 4,649.00 SAFRAN EUR 399,395.59 0.46 8,869.00 SANOFI EUR 637,237.65 0.74 5,700.00 SCHNEIDER ELECTRIC SE EUR 403,902.00 0.47 2,502.00 SCOR SE ACT PROV REGROUPEMENT EUR 83,929.59 0.10 8,247.00 SOCIETE GENERALE SA EUR 355,033.35 0.41 1,896.00 SODEXHO SA EUR 212,446.80 0.25

Page 97 Natixis AM Funds - Seeyond Equity Factor Investing Europe Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets 2,321.00 THALES EUR 208,611.48 0.24 22,045.00 TOTAL SA EUR 1,015,062.03 1.19 6,467.00 UBISOFT ENTERTAINMENT EUR 414,793.38 0.48 1,792.00 UNIBAIL-RODAMCO SE EUR 376,320.00 0.44 6,259.00 VALEO SA EUR 389,747.93 0.45 5,754.00 VINCI SA EUR 489,953.10 0.57 21,989.00 VIVENDI SA EUR 492,993.38 0.57 Germany 12,289,759.52 14.30 2,726.00 ADIDAS NAMEN AKT EUR 455,650.90 0.53 4,360.00 ALLIANZ SE REG SHS EUR 834,940.00 0.98 1,457.00 AXEL SPRINGER NAMEN AKT VINKULIERT EUR 94,894.41 0.11 8,314.00 BASF - NAMEN AKT EUR 762,726.36 0.89 6,815.00 BAYER AG REG SHS EUR 708,760.00 0.82 2,830.00 BEIERSDORF AG EUR 277,057.00 0.32 4,891.00 BMW AG EUR 424,685.53 0.49 9,828.00 DAIMLER NAMEN-AKT EUR 695,822.40 0.81 14,416.00 DEUTSCHE BANK AG REG SHS EUR 228,854.00 0.27 2,716.00 DEUTSCHE BOERSE AG REG SHS EUR 262,908.80 0.31 23,905.00 DEUTSCHE LUFTHANSA AG REG SHS EUR 734,361.60 0.85 8,238.00 DEUTSCHE POST AG REG SHS EUR 327,460.50 0.38 31,147.00 DEUTSCHE TELEKOM AG REG SHS EUR 460,819.87 0.54 2,143.00 DUERR AG EUR 228,336.65 0.27 48,042.00 E.ON AG REG SHS EUR 435,308.56 0.51 1,061.00 FRAPORT AG EUR 97,463.46 0.11 4,651.00 FRESENIUS AG EUR 302,640.57 0.35 1,751.00 HENKEL AG & CO KGAA EUR 193,222.85 0.22 2,184.00 LINDE AG EUR 425,115.60 0.49 634.00 MTU AERO ENGINES HOLDING AG EUR 94,719.60 0.11 1,794.00 MUENCHENER RUECKVERSICHERUNGS AG REG SHS EUR 324,265.50 0.38 1,297.00 OSRAM LICHT EUR 97,184.21 0.11 3,418.00 RHEINMETALL AG EUR 361,795.30 0.42 9,240.00 RWE AG EUR 157,080.00 0.18 8,524.00 SAP AG EUR 796,567.80 0.94 6,115.00 SIEMENS AG REG EUR 710,257.25 0.83 957.00 STADA ARZNEIMITTEL AG REG SHS EUR 84,436.11 0.10 19,932.00 UNIPER NAMEN-AKT. EUR 518,232.00 0.60 1,661.00 UNITED INTERNET AG REG SHS EUR 95,241.74 0.11 532.00 VOLKSWAGEN AG EUR 89,748.40 0.10 1,919.00 VOLKSWAGEN VORZ.AKT EUR 319,417.55 0.37 6,365.00 WIRECARD AG EUR 592,390.55 0.69 1,415.00 1&1 DRILLISCH AKTIENGESELLSCHAFT EUR 97,394.45 0.11 Ireland 536,815.70 0.62 9,106.00 CRH PLC EUR 272,770.23 0.31 7,253.00 KINGSPAN GROUP EUR 264,045.47 0.31 Italy 3,525,903.07 4.10 3,453.00 ASSICURAZIONI GENERALI SPA EUR 52,485.60 0.06 6,059.00 AZIMUT HOLDING SPA EUR 96,762.23 0.11 21,285.00 BANCA POPOLARE DELL'EMILIA ROMAGNA SCARL EUR 89,609.85 0.10 99,555.00 ENEL SPA EUR 510,717.15 0.59 39,051.00 ENI SPA EUR 538,903.80 0.63 11,108.00 FINECOBANK EUR 94,806.78 0.11 111,924.00 INTESA SANPAOLO SPA EUR 310,029.48 0.36 19,309.00 ITALGAS REG EUR 98,282.81 0.11 10,099.00 MEDIOBANCA SPA EUR 95,536.54 0.11 18,679.00 MONCLER SPA EUR 487,148.32 0.57 11,220.00 POSTE ITALIANE SPA EUR 70,405.50 0.08 6,415.00 RECORDATI SPA EUR 237,739.90 0.28 116,710.00 UBI BANCA SCPA EUR 425,524.66 0.50 20,841.00 UNICREDIT REGISTERED SHS AFTER SPLIT EUR 324,702.78 0.38 47,893.00 UNIPOLSAI AZ. POST RAGGRUPPAMENTO EUR 93,247.67 0.11 Jersey Island 1,727,270.28 2.01 45,120.00 CENTAMIN GBP 80,465.23 0.09 11,441.00 EXPERIAN GROUP GBP 210,865.50 0.25 181,119.00 GLENCORE PLC GBP 795,768.72 0.93 8,036.00 SHIRE GBP 353,071.59 0.41 19,004.00 WPP 2012 PLC GBP 287,099.24 0.33

Page 98 Natixis AM Funds - Seeyond Equity Factor Investing Europe Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

Luxembourg 90,672.56 0.11 3,344.00 ARCELORMITTAL - REGISTERED EUR 90,672.56 0.11 Norway 1,369,945.15 1.59 20,884.00 DNB NOK 323,410.43 0.38 59,895.00 NORSK HYDRO ASA NOK 380,222.80 0.43 17,174.00 STATOIL ASA NOK 306,349.15 0.36 52,847.00 STOREBRAND NOK 359,962.77 0.42 Spain 3,694,636.96 4.30 22,047.00 ABERTIS INFRAESTRUCTURAS SA -A- EUR 408,971.85 0.48 1,834.00 AENA EUR 309,946.00 0.36 10,735.00 AMADEUS IT -A- EUR 645,280.85 0.75 57,353.00 BANCO BILBAO VIZCAYA ARGENT SA REG EUR 407,894.54 0.47 102,021.00 BANCO SANTANDER SA REG SHS EUR 558,973.06 0.65 61,047.00 IBERDROLA S A EUR 394,363.62 0.46 15,181.00 INDITEX SHARE FROM SPLIT EUR 440,932.15 0.51 16,995.00 MAPFRE REG-SHS EUR 45,512.61 0.05 5,545.00 REPSOL SA EUR 81,761.03 0.10 49,354.00 TELEFONICA S A EUR 401,001.25 0.47 Sweden 2,985,882.95 3.47 11,897.00 ALFA LAVAL SEK 234,515.45 0.27 21,874.00 ASSA ABLOY -B- NEW I SEK 379,121.15 0.44 12,046.00 ATLAS COPCO AB -A- SEK 433,981.92 0.51 10,377.00 ELECTROLUX -B- FREE SEK 278,964.66 0.32 39,215.00 NORDEA BANK SEK 396,078.88 0.46 11,241.00 SVENSKA CELLULOSA SCA AB-SHS-B- SEK 96,671.57 0.11 7,702.00 SWEDISH MATCH SEK 253,194.98 0.29 9,195.00 TELE2 AB SEK 94,274.12 0.11 52,736.00 VOLVO -B- FREE SEK 819,080.22 0.96 Switzerland 11,617,838.17 13.52 20,338.00 ABB LTD REG SHS CHF 453,983.30 0.53 5,051.00 ADECCO REG.SHS CHF 321,798.10 0.37 1,399.00 BALOISE HOLDING REG.SHS CHF 181,368.46 0.21 47.00 CHOCOLADEFAB.LINDT.SPRUENGLI PARTIZIPSCH CHF 238,986.45 0.28 5,415.00 CIE FINANCIERE RICHEMONT NAMEN AKT CHF 408,618.13 0.48 16,045.00 CLARIANT NAMEN AKT CHF 373,649.75 0.43 19,114.00 CREDIT SUISSE GROUP AG REG SHS CHF 284,223.05 0.33 373.00 EMS-CHEM HOLDINGS-NAMEN ACT. CHF 207,355.04 0.24 329.00 GEBERIT AG CHF 120,645.99 0.14 276.00 GEORG FISCHER REG. CHF 303,796.95 0.35 124.00 GIVAUDAN SA REG.SHS CHF 238,642.91 0.28 928.00 KUEHNE + NAGEL INTERNATIONAL AG CHF 136,802.97 0.16 4,740.00 LAFARGEHOLCIM N NAMEN-AKT. CHF 222,589.41 0.26 25,735.00 NESTLE SA REG SHS CHF 1,843,005.60 2.15 16,138.00 NOVARTIS AG REG SHS CHF 1,136,410.89 1.33 25,749.00 OC OERLIKON CORP NAMEN-AKT. CHF 361,980.13 0.42 246.00 PARTNERS GROUP HLDG NAMEN AKT CHF 140,433.28 0.16 5,153.00 ROCHE HOLDING AG GENUSSSCHEIN CHF 1,085,514.25 1.26 729.00 SCHINDLER HOLDING SA CHF 139,738.24 0.16 64.00 SGS SA REG SHS CHF 138,977.05 0.16 1,844.00 SONOVA HOLDING NAM-AKT CHF 239,846.86 0.28 868.00 STRAUMANN HOLDING REG CHF 510,719.14 0.59 137.00 SWISS LIFE HOLDING N-NAMEN REGISTERED CHF 40,392.26 0.05 3,122.00 SWISS PRIME SITE AG-NAMEN AKT CHF 240,123.06 0.28 4,971.00 SWISS RE NAMEN AKT CHF 387,645.81 0.45 586.00 SWISSCOM SHS NOM CHF 259,659.87 0.30 3,988.00 TEMENOS GROUP AG NAM.AKT CHF 426,013.76 0.50 1,014.00 THE SWATCH GROUP CHF 344,369.18 0.40 37,012.00 UBS GROUP NAMEN-AKT CHF 567,444.58 0.66 1,038.00 ZURICH INSURANCE GROUP NAMEN AKT CHF 263,103.70 0.31 The Netherlands 9,126,002.69 10.62 2,288.00 AALBERTS INDUSTRIES NV EUR 96,999.76 0.11 20,016.00 AEGON NV EUR 106,385.04 0.12 6,880.00 AIRBUS GROUP EUR 571,040.00 0.66 1,551.00 ASM INTERNATIONAL NV EUR 87,429.87 0.10 4,998.00 ASML HLDG EUR 725,459.70 0.84 10,095.00 ASR EUR 346,308.98 0.40

Page 99 Natixis AM Funds - Seeyond Equity Factor Investing Europe Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets 25,214.00 CNH INDUSTRIAL NV EUR 281,640.38 0.33 1,295.00 EXOR REG EUR 66,174.50 0.08 4,406.00 FERRARI EUR 385,304.70 0.45 32,790.00 FIAT CHRYSLER AUTOMOBILES -A- EUR 488,898.90 0.57 3,017.00 HEINEKEN NV EUR 262,267.81 0.31 36,697.00 ING GROEP EUR 562,381.53 0.65 21,757.00 KONINKLIJKE AHOLD NV EUR 398,914.60 0.46 2,531.00 NN GROUP NV EUR 91,419.72 0.11 4,386.00 NXP SEMICONDUCTORS USD 427,678.83 0.50 7,557.00 RELX NV EUR 144,829.91 0.17 27,331.00 ROYAL DUTCH SHELL PLC GBP 763,599.17 0.89 45,986.00 ROYAL DUTCH SHELL PLC -B- GBP 1,299,564.93 1.52 11,548.00 ROYAL PHILIPS ELECTRONIC EUR 364,223.92 0.42 54,511.00 STMICROELECTRONICS NV EUR 992,100.20 1.16 14,128.00 UNILEVER NV EUR 663,380.24 0.77 United Kingdom 16,062,688.65 18.68 19,479.00 ANGLO AMERICAN PLC GBP 340,029.41 0.40 12,063.00 ASHTEAD GROUP GBP 270,709.13 0.31 9,064.00 ASTRAZENECA PLC GBP 522,917.19 0.61 61,034.00 AVIVA PLC GBP 348,264.76 0.41 32,823.00 BAE SYSTEMS PLC GBP 211,880.57 0.25 184,217.00 BARCLAYS PLC GBP 421,500.29 0.49 6,319.00 BELLWAY PLC GBP 253,642.73 0.30 5,480.00 BHP BILLITON PLC GBP 93,993.13 0.11 134,492.00 BP PLC GBP 791,967.19 0.92 16,397.00 BRITISH AMERICAN TOBACCO PLC GBP 926,943.57 1.08 75,347.00 BT GROUP PLC GBP 230,628.96 0.27 5,226.00 BUNZL PLC GBP 121,988.08 0.14 155,749.00 CENTRICA PLC NEW GBP 240,909.57 0.28 25,861.00 COMPASS GROUP GBP 466,147.69 0.54 20,799.00 DIAGEO PLC GBP 638,509.27 0.74 2,108.00 DIALOG SEMICONDUCTOR EUR 54,702.60 0.06 31,932.00 ELECTROCOMPONENTS GBP 225,374.84 0.26 52,132.00 GLAXOSMITHKLINE PLC GBP 776,708.95 0.90 13,633.00 HALMA PLC GBP 193,517.49 0.23 142,335.00 HSBC HOLDINGS PLC GBP 1,229,726.94 1.43 11,034.00 IMPERIAL BRANDS - REGISTERED GBP 393,552.01 0.46 5,985.00 INTERTEK GROUP PLC GBP 349,936.91 0.41 24,362.00 J SAINSBURY PLC GBP 66,253.44 0.08 9,137.00 JOHN WOOD GROUP GBP 66,907.56 0.08 137,109.00 LEGAL GENERAL GROUP PLC GBP 422,147.13 0.49 698,113.00 LLOYDS BANKING GROUP PLC GBP 535,273.71 0.62 120,422.00 MAN GROUP GBP 280,552.81 0.33 38,569.00 MERLIN ENTERTAINMENTS PLC GBP 157,682.53 0.18 37,235.00 NATIONAL GRID PLC GBP 367,085.55 0.43 6,521.00 PERSIMMON PLC GBP 201,143.45 0.23 20,933.00 PRUDENTIAL PLC GBP 449,364.41 0.52 8,272.00 RECKITT BENCKISER GROUP PLC GBP 644,780.80 0.75 22,065.00 REED ELSEVIER PLC GBP 432,276.63 0.50 89,591.00 RENTOKIL INITIAL PLC GBP 320,959.14 0.37 17,101.00 RIO TINTO PLC GBP 759,445.07 0.88 41,236.00 STANDARD CHARTERED PLC GBP 362,397.39 0.42 6,324.00 THE BERKELEY GR GBP 299,012.31 0.35 50,356.00 TULLOW OIL PLC GBP 117,203.29 0.14 11,450.00 UNILEVER PLC GBP 532,157.66 0.62 202,896.00 VODAFONE GROUP GBP 537,154.96 0.62 6,918.00 WHITBREAD GBP 311,744.49 0.36 19,919.00 WORLDPAY GROUP GBP 95,595.04 0.11

Shares/Units of UCITS/UCI 262,105.63 0.30 Shares 262,105.63 0.30 Luxembourg 262,105.63 0.30 54,924.00 B M EUROPEAN VALUE RETAIL GBP 262,105.63 0.30

Total securities portfolio 85,220,381.21 99.14

Page 100 Natixis AM Funds - Seeyond Europe Market Neutral

Page 101 Natixis AM Funds - Seeyond Europe Market Neutral Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 16,292,105.85 Securities portfolio at market value 15,306,646.02 Cost price 14,834,329.29 Unrealised profit on the securities portfolio 472,316.73 Cash at banks and liquidities 881,653.32 Dividends receivable 7,166.51 Net unrealised appreciation on financial futures 96,640.00 Liabilities 130,204.38 Bank overdrafts 96,640.00 Accrued expenses 32,364.76 Other liabilities 1,199.62 Net asset value 16,161,901.47

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class I (EUR) Capitalisation shares 50,000.00 54,837.31 0.00 104,837.31 Distribution shares 55,200.00 0.00 0.00 55,200.00

Key figures

Period ended as at: 31/12/17 30/06/17

Total Net Assets EUR 16,161,901.47 10,528,331.98

Class I (EUR) EUR EUR Capitalisation shares Number of shares 104,837.31 50,000.00 Net asset value per share 100.98 100.07 Distribution shares Number of shares 55,200.00 55,200.00 Net asset value per share 100.99 100.07

Page 102 Natixis AM Funds - Seeyond Europe Market Neutral Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 13,831,764.52 85.58 exchange listing and/or dealt in on another regulated market Shares 13,831,764.52 85.58 Austria 224,379.83 1.39 632.00 AMS - INHABER-AKT (CHF) CHF 47,772.00 0.30 947.00 OMV AG EUR 50,030.01 0.31 1,638.00 RAIFFEISEN BANK INTERNATIONAL-HOLDING AG EUR 49,467.60 0.31 1,547.00 VOESTALPINE AG EUR 77,110.22 0.47 Belgium 495,447.21 3.07 526.00 AB INBEV EUR 48,986.38 0.30 335.00 ACKERMANS AND VAN HAAREN NV EUR 48,625.25 0.30 3,324.00 BPOST SA EUR 84,379.74 0.52 448.00 COFINIMMO SA EUR 49,168.00 0.30 1,752.00 COLRUYT EUR 75,966.72 0.47 1,218.00 GROUPE BRUXELLES LAMBERT GBL EUR 109,607.82 0.69 2,878.00 PROXIMUS SA EUR 78,713.30 0.49 Denmark 756,806.25 4.68 1,448.00 CARLSBERG AS -B- DKK 144,889.46 0.90 1,089.00 CHRISTIAN HANSEN DKK 85,126.12 0.53 4,051.00 DANSKE BANK DKK 131,453.19 0.81 665.00 DSV DKK 43,640.23 0.27 1,322.00 ISS A/S DKK 42,667.50 0.26 23,948.00 TDC DKK 122,644.48 0.76 3,827.00 TRYG A/S DKK 79,774.14 0.49 4,575.00 WILLIAM DEMANT HOLDINGS A/S DKK 106,611.13 0.66 Finland 434,907.21 2.69 2,231.00 ELISA CORPORATION -A- EUR 72,998.32 0.45 3,461.00 KESKO CORP EUR 156,610.25 0.97 1,620.00 NESTE EUR 86,427.00 0.53 1,874.00 NOKIAN TYRES PLC EUR 70,837.20 0.44 6,206.00 OUTOKUMPU OYJ -A- EUR 48,034.44 0.30 France 2,263,637.43 14.02 3,099.00 AIR FRANCE - KLM SA EUR 42,084.42 0.26 634.00 AMUNDI SA EUR 44,792.10 0.28 2,575.00 AXA SA EUR 63,692.63 0.39 1,505.00 BIOMERIEUX SA EUR 112,408.45 0.71 668.00 BNP PARIBAS SA EUR 41,583.00 0.26 847.00 CAPGEMINI SE EUR 83,759.83 0.52 1,337.00 CIE DE SAINT-GOBAIN EUR 61,475.26 0.38 3,001.00 CREDIT AGRICOLE SA EUR 41,413.80 0.26 68.00 DASSAULT AVIATION SA EUR 88,257.20 0.55 1,061.00 DASSAULT SYSTEMES SA EUR 93,993.99 0.58 2,332.00 ELIOR GROUP EUR 40,168.70 0.25 2,264.00 ELIS SA EUR 52,105.96 0.32 765.00 FAURECIA EUR 49,824.45 0.31 332.00 HERMES INTERNATIONAL SA EUR 148,155.00 0.93 540.00 ICADE SA EUR 44,242.20 0.27 219.00 ILIAD SA EUR 43,745.25 0.27 361.00 IPSEN EUR 35,944.77 0.22 125.00 KERING EUR 49,125.00 0.30 1,066.00 LEGRAND SA EUR 68,426.54 0.42 196.00 LVMH EUR 48,098.40 0.30 747.00 MICHELIN SA REG SHS EUR 89,303.85 0.55 7,108.00 NATIXIS SA EUR 46,884.37 0.29 1,043.00 ORPEA SA EUR 102,526.90 0.63 1,966.00 PLASTIC OMNIUM SA EUR 74,501.57 0.46 1,465.00 PUBLICIS GROUPE EUR 82,992.25 0.51 827.00 RUBIS EUR 48,776.46 0.30 1,777.00 SCOR SE ACT PROV REGROUPEMENT EUR 59,609.47 0.37 375.00 SEB SA EUR 57,918.75 0.36 664.00 SOPRA STERIA GROUP EUR 103,484.40 0.64 2,220.00 THALES EUR 199,533.60 1.24 2,220.00 TOTAL SA EUR 102,219.90 0.63 664.00 UBISOFT ENTERTAINMENT EUR 42,588.96 0.26

Page 103 Natixis AM Funds - Seeyond Europe Market Neutral Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

Germany 1,489,891.62 9.22 359.00 ALLIANZ SE REG SHS EUR 68,748.50 0.43 1,576.00 BEIERSDORF AG EUR 154,290.40 0.95 755.00 BMW AG EUR 65,556.65 0.41 933.00 BMW VORZUG - STIMMRECHTSLOS EUR 69,639.12 0.43 3,905.00 COMMERZBK EUR 48,832.03 0.30 329.00 CONTINENTAL AG EUR 74,041.45 0.46 970.00 DAIMLER NAMEN-AKT EUR 68,676.00 0.42 1,976.00 DEUTSCHE EUROSHOP AG REG SHS EUR 67,095.08 0.42 1,610.00 DEUTSCHE LUFTHANSA AG REG SHS EUR 49,459.20 0.31 4,358.00 DEUTSCHE TELEKOM AG REG SHS EUR 64,476.61 0.40 5,099.00 E.ON AG REG SHS EUR 46,202.04 0.29 2,247.00 EVONIK INDUSTRIES AG EUR 70,488.39 0.44 560.00 FRAPORT AG EUR 51,441.60 0.32 998.00 FRESENIUS MEDICAL CARE AG & CO KGAA EUR 87,604.44 0.54 593.00 HANNOVER RUECKVERSICHERUNG AG REG SHS EUR 62,205.70 0.38 886.00 HENKEL AG & CO KGAA EUR 97,770.10 0.60 468.00 MUENCHENER RUECKVERSICHERUNGS AG REG SHS EUR 84,591.00 0.52 461.00 RHEINMETALL AG EUR 48,796.85 0.30 2,177.00 RWE AG EUR 37,009.00 0.23 386.00 SAP AG EUR 36,071.70 0.22 754.00 UNITED INTERNET AG REG SHS EUR 43,234.36 0.27 536.00 WIRECARD AG EUR 49,885.52 0.31 636.00 1&1 DRILLISCH AKTIENGESELLSCHAFT EUR 43,775.88 0.27 Ireland 239,702.50 1.48 2,612.00 GLANBIA PLC EUR 38,918.80 0.24 1,531.00 KERRY GROUP -A- EUR 143,148.50 0.88 581.00 PADDY POWER EUR 57,635.20 0.36 Isle of Man 132,530.40 0.82 7,060.00 GVC HOLDINGS PLC GBP 73,570.66 0.46 6,082.00 PLAYTECH GBP 58,959.74 0.36 Italy 437,071.76 2.70 5,130.00 FINECOBANK EUR 43,784.55 0.27 15,437.00 INTESA SANPAOLO SPA EUR 42,760.49 0.26 4,965.00 MEDIOBANCA SPA EUR 46,968.90 0.29 1,883.00 MONCLER SPA EUR 49,108.64 0.30 2,630.00 RECORDATI SPA EUR 97,467.80 0.60 19,616.00 SNAM SPA EUR 80,033.28 0.50 10,033.00 UBI BANCA SCPA EUR 36,580.32 0.23 2,591.00 UNICREDIT REGISTERED SHS AFTER SPLIT EUR 40,367.78 0.25 Jersey Island 331,081.94 2.05 63,010.00 CENTAMIN GBP 112,369.55 0.70 1,973.00 RANDGOLD RESSOURCES LTD GBP 164,703.77 1.02 3,575.00 WPP 2012 PLC GBP 54,008.62 0.33 Luxembourg 199,285.96 1.23 6,726.00 AROUNDTOWN SA EUR 43,154.02 0.27 1,317.00 RTL GROUP EUR 88,331.19 0.54 5,414.00 SUBSEA 7 SA NOK 67,800.75 0.42 Malta 63,312.29 0.39 5,302.00 KINDRED GROUP SWEDISH DEP REC SEK 63,312.29 0.39 Norway 219,851.98 1.36 2,740.00 GJENSIDIGE FORSIKRING ASA NOK 43,212.87 0.27 10,863.00 NORSK HYDRO ASA NOK 68,960.02 0.42 6,712.00 ORKLA ASA NOK 59,488.34 0.37 7,075.00 STOREBRAND NOK 48,190.75 0.30 Portugal 132,009.55 0.82 8,614.00 GALP ENERGIA SA REG SHS -B- EUR 132,009.55 0.82 Spain 346,531.16 2.14 7,944.00 BANCO SANTANDER SA REG SHS EUR 43,525.18 0.27 11,712.00 BANKINTER REG.SHS EUR 92,571.65 0.57 1,849.00 BOLSAS Y MERCADOS ESPANOLES SA EUR 49,090.95 0.30 2,013.00 CELLNEX TELECOM EUR 42,977.55 0.27 9,956.00 IBERDROLA S A EUR 64,315.76 0.40 20,183.00 MAPFRE REG-SHS EUR 54,050.07 0.33

Page 104 Natixis AM Funds - Seeyond Europe Market Neutral Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

Sweden 557,526.45 3.45 4,880.00 BILLERUDKORSNAS AB SEK 69,739.10 0.43 3,254.00 ICA GRUPPEN AB SEK 98,598.04 0.61 2,976.00 J.M. AB SEK 56,574.72 0.35 3,448.00 NCC -B- FREE SEK 55,166.60 0.34 3,186.00 SKANSKA -B- FREE SEK 55,090.27 0.34 5,382.00 SWEDISH MATCH SEK 176,927.47 1.10 2,925.00 VOLVO -B- FREE SEK 45,430.25 0.28 Switzerland 1,823,274.95 11.28 936.00 ADECCO REG.SHS CHF 59,632.35 0.37 65.00 BARRY CALLEBAUT - NAMEN-AKT CHF 112,929.97 0.70 19.00 CHOCOLADEFAB.LINDT.SPRUENGLI PARTIZIPSCH CHF 96,611.55 0.60 691.00 DKSH HOLDING SA CHF 50,342.05 0.31 252.00 FLUGHAFEN ZUERICH AB CHF 48,003.08 0.30 837.00 GE MONEY BANK AG CHF 64,984.36 0.40 295.00 HELVETIA HOLDING AG CHF 138,279.28 0.86 1,253.00 NESTLE SA REG SHS CHF 89,733.28 0.56 3,269.00 OC OERLIKON CORP NAMEN-AKT. CHF 45,955.69 0.28 814.00 PARGESA HOLDING SA CHF 58,781.35 0.36 361.00 PARTNERS GROUP HLDG NAMEN AKT CHF 206,082.98 1.27 611.00 PSP SWISS PROPERTY AG CHF 48,221.04 0.30 637.00 SCHINDLER HOLDING SA CHF 122,103.23 0.76 25.00 SIKA CHF 165,363.41 1.02 444.00 SONOVA HOLDING NAM-AKT CHF 57,750.54 0.36 80.00 STRAUMANN HOLDING REG CHF 47,070.89 0.29 211.00 SWISS LIFE HOLDING N-NAMEN REGISTERED CHF 62,209.97 0.38 991.00 SWISS PRIME SITE AG-NAMEN AKT CHF 76,221.00 0.47 267.00 SWISSCOM SHS NOM CHF 118,309.19 0.73 862.00 TEMENOS GROUP AG NAM.AKT CHF 92,082.21 0.57 247.00 ZURICH INSURANCE GROUP NAMEN AKT CHF 62,607.53 0.39 The Netherlands 1,557,001.79 9.63 804.00 ASM INTERNATIONAL NV EUR 45,321.48 0.28 3,370.00 ASR EUR 115,607.85 0.72 4,397.00 CNH INDUSTRIAL NV EUR 49,114.49 0.30 1,439.00 DSM KONINKLIJKE EUR 114,645.13 0.71 952.00 EURONEXT NV EUR 49,323.12 0.31 545.00 FERRARI EUR 47,660.25 0.29 3,345.00 FIAT CHRYSLER AUTOMOBILES -A- EUR 49,873.95 0.31 2,077.00 HEINEKEN NV EUR 180,553.61 1.11 611.00 IMCD EUR 32,034.73 0.20 7,245.00 ING GROEP EUR 111,029.63 0.69 7,294.00 KONINKLIJKE AHOLD NV EUR 133,735.49 0.83 2,471.00 KONINKLIJKE BOSKALIS WESTMINSTER NV EUR 77,663.53 0.48 4,075.00 NN GROUP NV EUR 147,189.00 0.91 1,235.00 RANDSTAD HOLDING EUR 63,281.40 0.39 4,622.00 ROYAL DUTCH SHELL PLC EUR 128,422.27 0.79 4,095.00 ROYAL DUTCH SHELL PLC GBP 114,409.96 0.71 4,837.00 STMICROELECTRONICS NV EUR 88,033.40 0.54 500.00 STMICROELECTRONICS NV EUR 9,102.50 0.06 United Kingdom 2,127,514.24 13.16 6,242.00 BABCOCK INTERNATIONAL GROUP PLC GBP 49,611.12 0.31 9,750.00 BARRATT DEVELOPMENTS PLC GBP 71,121.78 0.44 1,845.00 BELLWAY PLC GBP 74,057.74 0.46 4,379.00 CLOSE BROTHERS GROUP PLC GBP 71,433.47 0.44 2,372.00 COCA COLA EUROPEAN PARTNERS PLC USD 78,717.69 0.49 3,714.00 COCA COLA EUROPEAN PARTNERS (038) EUR 123,416.22 0.76 4,886.00 COMPASS GROUP GBP 88,070.75 0.54 15,983.00 DIRECT LINE INS GR PLC NI GBP 68,728.79 0.43 4,902.00 EASYJET PLC GBP 80,848.62 0.50 7,233.00 INCHCAPE GBP 63,761.88 0.39 5,371.00 INFORMA PLC GBP 43,686.84 0.27 1,787.00 JOHNSON MATTHEY GBP 61,905.31 0.38 18,013.00 KINGFISHER PLC GBP 68,529.15 0.42 21,180.00 LEGAL GENERAL GROUP PLC GBP 65,211.45 0.40 19,368.00 MAN GROUP GBP 45,122.54 0.28 8,319.00 NATIONAL GRID PLC GBP 82,013.82 0.51

Page 105 Natixis AM Funds - Seeyond Europe Market Neutral Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets 28,032.00 OLD MUTUAL PLC GBP 73,170.89 0.45 1,104.00 RECKITT BENCKISER GROUP PLC GBP 86,053.92 0.53 5,635.00 REED ELSEVIER PLC GBP 110,395.60 0.68 5,805.00 ROYAL MAIL GBP 29,592.33 0.18 17,385.00 RSA INSURANCE GROUP PLC GBP 123,877.80 0.77 3,740.00 SMITH AND NEPHEW PLC GBP 54,268.24 0.34 6,508.00 SSP GROUP GBP 50,075.64 0.31 13,845.00 STANDARD LIFE NEW GBP 68,098.09 0.42 20,617.00 TATE LYLE PLC GBP 163,282.27 1.02 31,181.00 TAYLOR WIMPEY PLC GBP 72,503.33 0.45 1,713.00 THE BERKELEY GR GBP 80,994.32 0.50 21,768.00 WILLIAM HILL PLC GBP 78,964.64 0.49

Shares/Units of UCITS/UCI 1,474,881.50 9.13 Shares 51,968.73 0.32 Luxembourg 51,968.73 0.32 10,890.00 B M EUROPEAN VALUE RETAIL GBP 51,968.73 0.32 Shares/Units in investment funds 1,422,912.77 8.81 Luxembourg 1,422,912.77 8.81 74.01 SEEYOND EUROPE MINVARIANCE IA EUR CAP EUR 1,422,912.77 8.81

Total securities portfolio 15,306,646.02 94.71

Page 106 Natixis AM Funds - Seeyond Europe Minvariance

Page 107 Natixis AM Funds - Seeyond Europe Minvariance Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 846,769,238.42 Securities portfolio at market value 779,612,432.25 Cost price 727,539,977.60 Unrealised profit on the securities portfolio 52,072,454.65 Cash at banks and liquidities 61,669,264.32 Interest receivable 19,562.32 Brokers receivable 2,002,929.68 Subscriptions receivable 1,323,427.05 Dividends receivable 609,212.16 Receivable on spot exchange 1,532,410.64 Liabilities 63,814,772.80 Bank overdrafts 61,260,590.64 Brokers payable 330,838.73 Redemptions payable 111,189.78 Net unrealised depreciation on forward foreign exchange contracts 7,009.24 Payable on spot exchange 1,532,029.25 Accrued expenses 500,777.80 Other liabilities 72,337.36 Net asset value 782,954,465.62

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class SI (EUR) Distribution shares 3,076.73 164.29 861.18 2,379.84

Class I (EUR) Capitalisation shares 24,213.43 4,778.19 4,614.10 24,377.52

Class I (EUR) Distribution shares 82.45 0.83 0.00 83.28

Class R (EUR) Capitalisation shares 72,144.44 15,354.61 6,367.69 81,131.36

Class R (EUR) Distribution shares 8,550.14 626.32 4,449.05 4,727.41

Class R (USD) Capitalisation shares 4,225.00 283.00 1,688.00 2,820.00

Class R (H-CHF) Capitalisation shares 4,634.00 514.00 0.00 5,148.00

Class RE (EUR) Capitalisation shares 631.77 0.00 132.47 499.30

Page 108 Natixis AM Funds - Seeyond Europe Minvariance Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 782,954,465.62 804,836,201.24 747,687,899.21

Class SI (EUR) EUR EUR EUR Distribution shares Number of shares 2,379.84 3,076.73 2,764.74 Net asset value per share 67,910.57 68,324.85 61,881.01 Dividend per share 1,501.25 1,501.25 1,403.31

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 24,377.52 24,213.43 26,789.52 Net asset value per share 19,204.91 18,929.22 16,801.31

Class I (EUR) EUR EUR EUR Distribution shares Number of shares 83.28 82.45 216.94 Net asset value per share 61,820.48 62,059.25 56,198.04 Dividend per share 1,135.02 1,135.02 1,006.24

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 81,131.36 72,144.44 70,553.39 Net asset value per share 1,807.88 1,791.65 1,604.02

Class R (EUR) EUR EUR EUR Distribution shares Number of shares 4,727.41 8,550.14 10,313.54 Net asset value per share 107.98 108.14 97.94 Dividend per share 1.14 1.14 0.00

Class R (USD) USD USD USD Capitalisation shares Number of shares 2,820.00 4,225.00 1,458.00 Net asset value per share 116.89 114.70 101.25

Class R (H-CHF) CHF CHF CHF Capitalisation shares Number of shares 5,148.00 4,634.00 0.00 Net asset value per share 114.87 114.15 0.00

Class RE (EUR) EUR EUR EUR Capitalisation shares Number of shares 499.30 631.77 1.98 Net asset value per share 110.25 109.64 98.69

Page 109 Natixis AM Funds - Seeyond Europe Minvariance Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 779,612,432.25 99.57 exchange listing and/or dealt in on another regulated market Shares 779,612,432.25 99.57 Austria 3,886,414.65 0.50 77,970.00 VOESTALPINE AG EUR 3,886,414.65 0.50 Belgium 34,373,966.40 4.39 81,217.00 AB INBEV EUR 7,563,739.21 0.97 25,709.00 ACKERMANS AND VAN HAAREN NV EUR 3,731,661.35 0.48 29,942.00 COFINIMMO SA EUR 3,286,134.50 0.42 159,087.00 COLRUYT EUR 6,898,012.32 0.88 91,838.00 GROUPE BRUXELLES LAMBERT GBL EUR 8,264,501.62 1.05 169,284.00 PROXIMUS SA EUR 4,629,917.40 0.59 Czech Republic 9,870,866.89 1.26 271,534.00 CEZ AS CZK 5,280,920.95 0.67 128,062.00 KOMERCNI BANKA AS CZK 4,589,945.94 0.59 Denmark 69,582,146.36 8.89 99,798.00 CARLSBERG AS -B- DKK 9,985,965.83 1.28 72,105.00 CHRISTIAN HANSEN DKK 5,636,380.85 0.72 510,821.00 DANSKE BANK DKK 16,575,919.84 2.11 219,837.00 ISS A/S DKK 7,095,230.76 0.91 78,634.00 JYSKE BANK A/S DKK 3,730,293.71 0.48 77,904.00 SIMCORP A/S DKK 3,696,709.81 0.47 1,797,478.00 TDC DKK 9,205,393.42 1.18 339,071.00 TRYG A/S DKK 7,067,964.00 0.90 282,723.00 WILLIAM DEMANT HOLDINGS A/S DKK 6,588,288.14 0.84 Finland 24,597,998.49 3.14 190,867.00 ELISA CORPORATION -A- EUR 6,245,168.24 0.80 132,262.00 KESKO CORP EUR 5,984,855.50 0.76 74,269.00 NESTE EUR 3,962,251.15 0.51 132,768.00 NOKIAN TYRES PLC EUR 5,018,630.40 0.64 73,954.00 SAMPO OYJ -A- EUR 3,387,093.20 0.43 France 128,956,359.04 16.46 78,200.00 BIOMERIEUX SA EUR 5,840,758.00 0.75 63,524.00 CAPGEMINI SE EUR 6,281,888.36 0.80 4,071.00 DASSAULT AVIATION SA EUR 5,283,750.90 0.67 48,196.00 DASSAULT SYSTEMES SA EUR 4,269,683.64 0.55 174,179.00 ELIOR GROUP EUR 3,000,233.28 0.38 33,259.00 HERMES INTERNATIONAL SA EUR 14,841,828.75 1.89 55,076.00 ICADE SA EUR 4,512,376.68 0.58 31,131.00 ILIAD SA EUR 6,218,417.25 0.79 38,158.00 IPSEN EUR 3,799,392.06 0.49 78,667.00 LEGRAND SA EUR 5,049,634.73 0.64 55,811.00 MICHELIN SA REG SHS EUR 6,672,205.05 0.85 532,575.00 ORANGE EUR 7,709,023.13 0.98 84,856.00 ORPEA SA EUR 8,341,344.80 1.07 104,686.00 PUBLICIS GROUPE EUR 5,930,461.90 0.76 75,480.00 RUBIS EUR 4,451,810.40 0.57 36,284.00 SEB SA EUR 5,604,063.80 0.72 25,255.00 SOPRA STERIA GROUP EUR 3,935,991.75 0.50 216,567.00 THALES EUR 19,465,041.96 2.48 168,280.00 TOTAL SA EUR 7,748,452.60 0.99 Germany 47,107,616.69 6.02 84,318.00 BEIERSDORF AG EUR 8,254,732.20 1.06 198,491.00 DEUTSCHE EUROSHOP AG REG SHS EUR 6,739,761.91 0.86 260,766.00 DEUTSCHE TELEKOM AG REG SHS EUR 3,858,032.97 0.49 101,152.00 FRESENIUS MEDICAL CARE AG & CO KGAA EUR 8,879,122.56 1.14 46,815.00 GERRESHEIMER AG EUR 3,235,852.80 0.41 65,140.00 HENKEL KGAA EUR 6,514,000.00 0.83 23,960.00 MUENCHENER RUECKVERSICHERUNGS AG REG SHS EUR 4,330,770.00 0.55 56,665.00 SAP AG EUR 5,295,344.25 0.68 Ireland 19,492,792.63 2.49 49,729.00 DCC PLC GBP 4,182,132.43 0.53 318,373.00 GLANBIA PLC EUR 4,743,757.70 0.61 113,015.00 KERRY GROUP -A- EUR 10,566,902.50 1.35

Page 110 Natixis AM Funds - Seeyond Europe Minvariance Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

Isle of Man 7,725,847.18 0.99 741,389.00 GVC HOLDINGS PLC GBP 7,725,847.18 0.99 Italy 14,275,157.32 1.82 126,839.00 ATLANTIA SPA EUR 3,338,402.48 0.43 196,562.00 RECORDATI SPA EUR 7,284,587.72 0.92 895,139.00 SNAM SPA EUR 3,652,167.12 0.47 Jersey Island 28,797,404.07 3.68 5,550,752.00 CENTAMIN GBP 9,898,992.19 1.26 179,833.00 RANDGOLD RESSOURCES LTD GBP 15,012,251.79 1.92 88,450.00 SHIRE GBP 3,886,160.09 0.50 Luxembourg 6,878,497.99 0.88 102,557.00 RTL GROUP EUR 6,878,497.99 0.88 Malta 5,083,253.42 0.65 425,690.00 KINDRED GROUP SWEDISH DEP REC SEK 5,083,253.42 0.65 Norway 11,614,100.37 1.48 331,568.00 GJENSIDIGE FORSIKRING ASA NOK 5,229,198.79 0.67 720,401.00 ORKLA ASA NOK 6,384,901.58 0.81 Portugal 9,544,364.03 1.22 622,797.00 GALP ENERGIA SA REG SHS -B- EUR 9,544,364.03 1.22 Spain 27,854,933.55 3.56 73,096.00 AMADEUS IT -A- EUR 4,393,800.56 0.56 960,635.00 BANKINTER REG.SHS EUR 7,592,859.04 0.97 110,703.00 BOLSAS Y MERCADOS ESPANOLES SA EUR 2,939,164.65 0.38 174,329.00 ENAGAS EUR 4,161,233.23 0.53 322,003.00 ENDESA EUR 5,749,363.57 0.73 267,125.00 MERLIN PROPERTIES SOCIMI S.A. EUR 3,018,512.50 0.39 Sweden 23,672,532.58 3.02 279,534.00 CASTELLUM SEK 3,935,056.26 0.50 272,833.00 ICA GRUPPEN AB SEK 8,266,993.92 1.06 238,881.00 SWEDISH MATCH SEK 7,852,956.23 1.00 973,070.00 TELIA COMPANY AB SEK 3,617,526.17 0.46 Switzerland 115,989,078.19 14.81 3,154.00 BARRY CALLEBAUT - NAMEN-AKT CHF 5,479,709.44 0.70 1,237.00 CHOCOLADEFAB.LINDT.SPRUENGLI PARTIZIPSCH CHF 6,289,920.09 0.80 58,113.00 DKSH HOLDING SA CHF 4,233,759.13 0.54 16,154.00 FLUGHAFEN ZUERICH AB CHF 3,077,149.60 0.39 80,049.00 GE MONEY BANK AG CHF 6,214,973.85 0.79 10,233.00 HELVETIA HOLDING AG CHF 4,796,650.43 0.61 34,809.00 KUEHNE + NAGEL INTERNATIONAL AG CHF 5,131,438.28 0.66 113,799.00 NESTLE SA REG SHS CHF 8,149,686.96 1.04 31,299.00 PARTNERS GROUP HLDG NAMEN AKT CHF 17,867,565.70 2.28 50,855.00 PSP SWISS PROPERTY AG CHF 4,013,553.17 0.51 22,723.00 SCHINDLER HOLDING SA CHF 4,355,654.32 0.56 2,773.00 SIKA CHF 18,342,109.99 2.35 20,140.00 SONOVA HOLDING NAM-AKT CHF 2,619,585.52 0.33 108,008.00 SWISS PRIME SITE AG-NAMEN AKT CHF 8,307,242.66 1.06 38,614.00 SWISSCOM SHS NOM CHF 17,110,079.05 2.19 The Netherlands 118,002,587.41 15.07 143,808.00 DSM KONINKLIJKE EUR 11,457,183.36 1.46 102,046.00 EURONEXT NV EUR 5,287,003.26 0.68 174,857.00 HEINEKEN NV EUR 15,200,319.01 1.94 71,581.00 IMCD EUR 3,752,991.83 0.48 523,987.00 ING GROEP EUR 8,030,100.78 1.03 446,301.00 KONINKLIJKE AHOLD NV EUR 8,182,928.84 1.05 256,362.00 KONINKLIJKE BOSKALIS WESTMINSTER NV EUR 8,057,457.66 1.03 1,769,592.00 KONINKLIJKE KPN NV EUR 5,145,973.54 0.66 421,070.00 NN GROUP NV EUR 15,209,048.40 1.94 597,964.00 RELX NV EUR 11,459,980.06 1.46 805,169.00 ROYAL DUTCH SHELL PLC EUR 22,371,620.67 2.85 88,500.00 WOLTERS KLUWER EUR 3,847,980.00 0.49 United Kingdom 72,306,514.99 9.24 727,037.00 BABCOCK INTERNATIONAL GROUP PLC GBP 5,778,455.52 0.74 468,090.00 COCA COLA EUROPEAN PARTNERS PLC USD 15,534,132.66 1.99 356,019.00 COMPASS GROUP GBP 6,417,286.09 0.82 545,538.00 INFORMA PLC GBP 4,437,316.92 0.57

Page 111 Natixis AM Funds - Seeyond Europe Minvariance Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets 1,120,870.00 NATIONAL GRID PLC GBP 11,050,226.29 1.41 83,858.00 RECKITT BENCKISER GROUP PLC GBP 6,536,512.16 0.83 1,614,716.00 RSA INSURANCE GROUP PLC GBP 11,505,749.68 1.47 373,616.00 SMITH AND NEPHEW PLC GBP 5,421,251.71 0.69 710,320.00 TATE LYLE PLC GBP 5,625,583.96 0.72

Total securities portfolio 779,612,432.25 99.57

Page 112 Natixis AM Funds - Seeyond Global Minvariance

Page 113 Natixis AM Funds - Seeyond Global Minvariance Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 365,375,274.39 Securities portfolio at market value 309,718,054.28 Cost price 292,787,990.05 Unrealised profit on the securities portfolio 16,930,064.23 Cash at banks and liquidities 28,598,329.99 Interest receivable 14,031.44 Subscriptions receivable 26,583,242.17 Dividends receivable 415,089.73 Receivable on spot exchange 46,526.78 Liabilities 53,057,182.92 Bank overdrafts 26,114,216.26 Redemptions payable 26,571,793.51 Net unrealised depreciation on forward foreign exchange contracts 20,385.22 Payable on spot exchange 46,527.08 Accrued expenses 267,937.96 Other liabilities 36,322.89 Net asset value 312,318,091.47

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class M (EUR) Distribution shares 6,279.39 165.13 302.72 6,141.80

Class I (EUR) Distribution shares 60,820.00 15,680.00 0.00 76,500.00

Class I (EUR) Capitalisation shares 3,962.50 158.47 1,887.18 2,233.79

Class I (H-USD) Capitalisation shares 128.62 4.00 58.50 74.12

Class R (EUR) Capitalisation shares 722,858.05 118,215.50 48,594.37 792,479.18

Class R (H-USD) Capitalisation shares 5,314.00 0.00 1,725.49 3,588.51

Class RE (EUR) Capitalisation shares 380.96 218.26 193.25 405.97

Class SI (EUR) (*) Capitalisation shares 0.00 265,000.00 0.00 265,000.00

Page 114 Natixis AM Funds - Seeyond Global Minvariance Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 312,318,091.47 304,550,263.04 256,289,167.02

Class M (EUR) EUR EUR EUR Distribution shares Number of shares 6,141.80 6,279.39 7,039.67 Net asset value per share 14,369.49 14,388.82 14,055.83 Dividend per share 305.45 305.45 245.46

Class I (EUR) EUR EUR EUR Distribution shares Number of shares 76,500.00 60,820.00 0.00 Net asset value per share 107.80 105.86 0.00

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 2,233.79 3,962.50 4,703.26 Net asset value per share 19,207.31 18,859.79 18,100.37

Class I (H-USD) USD USD USD Capitalisation shares Number of shares 74.12 128.62 12.37 Net asset value per share 16,748.22 16,288.96 15,414.76

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 792,479.18 722,858.05 411,485.41 Net asset value per share 183.09 180.76 174.99

Class R (H-USD) USD USD USD Capitalisation shares Number of shares 3,588.51 5,314.00 0.00 Net asset value per share 106.45 104.00 0.00

Class RE (EUR) EUR EUR EUR Capitalisation shares Number of shares 405.97 380.96 315.65 Net asset value per share 106.22 105.24 102.59

Class SI (EUR) (*) EUR EUR EUR Capitalisation shares Number of shares 265,000.00 0.00 0.00 Net asset value per share 99.70 0.00 0.00

(*) Launched on 29/12/17

Page 115 Natixis AM Funds - Seeyond Global Minvariance Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 309,718,054.28 99.17 exchange listing and/or dealt in on another regulated market Shares 309,718,054.28 99.17 Bermuda 1,529,954.98 0.49 5,110,948.00 SIHUAN PHARMACEUTICAL HOLDINGS GROUP LTD HKD 1,529,954.98 0.49 Canada 27,389,042.87 8.77 40,985.00 AGNICO EAGLE MINES CAD 1,581,102.96 0.51 36,024.00 ALIMENTATION COUCHE - TARD INC SUB VTG B CAD 1,570,497.95 0.50 37,735.00 BCE INC CAD 1,514,416.28 0.48 50,674.00 EMERA CAD 1,582,362.59 0.51 3,360.00 FAIRFAX FINANCIAL HOLDINGS SUB.VTG CAD 1,494,837.09 0.48 67,501.00 FRANCO-NEVADA CORP CAD 4,507,245.24 1.44 88,449.00 INTACT FINANCIAL CORP CAD 6,172,323.37 1.98 414,603.00 KINROSS GOLD CORP CAD 1,493,617.99 0.48 56,764.00 OPEN TEXT CAD 1,686,884.97 0.54 62,113.00 SHAW COMMUNICATIONS -B- NON.VOTING CAD 1,184,461.26 0.38 77,886.00 WASTE CONNECTIONS INC USD 4,601,293.17 1.47 Cayman Islands 3,190,853.15 1.02 3,007,299.00 HKT LTD - STAPLED SECURITY HKD 3,190,853.15 1.02 Czech Republic 7,091,016.58 2.27 161,245.00 CEZ AS CZK 3,135,968.60 1.00 110,348.00 KOMERCNI BANKA AS CZK 3,955,047.98 1.27 Denmark 5,385,924.63 1.72 63,793.00 DANSKE BANK DKK 2,070,055.18 0.66 159,072.00 TRYG A/S DKK 3,315,869.45 1.06 Finland 2,459,595.12 0.79 75,171.00 ELISA CORPORATION -A- EUR 2,459,595.12 0.79 France 24,508,994.90 7.85 21,467.00 CAPGEMINI SE EUR 2,122,871.63 0.68 3,413.00 DASSAULT AVIATION SA EUR 4,429,732.70 1.42 19,343.00 DASSAULT SYSTEMES SA EUR 1,713,596.37 0.55 7,801.00 HERMES INTERNATIONAL SA EUR 3,481,196.25 1.11 11,615.00 ILIAD SA EUR 2,320,096.25 0.74 25,187.00 SEB SA EUR 3,890,132.15 1.25 53,027.00 THALES EUR 4,766,066.76 1.53 38,773.00 TOTAL SA EUR 1,785,302.79 0.57 Germany 5,143,170.43 1.65 26,329.00 FRESENIUS MEDICAL CARE AG & CO KGAA EUR 2,311,159.62 0.74 163,236.00 TUI AG REG SHS GBP 2,832,010.81 0.91 Greece 4,509,312.60 1.44 145,040.00 GREEK ORGANISAT.OF FOOTBALL PROGNOSTICS EUR 1,522,920.00 0.49 140,967.00 HELLENIC TELECOMMUNICATIONS ORGANISATION EUR 1,621,120.50 0.51 91,629.00 JUMBO SA REG.SHS EUR 1,365,272.10 0.44 Hungary 9,680,323.93 3.10 242,449.00 MOL HUNGARIAN OIL AND GAS PLC-A- HUF 2,348,637.98 0.75 101,771.00 OTP BANK LTD HUF 3,516,981.09 1.13 174,534.00 RICHTER GEDEON HUF 3,814,704.86 1.22 Indonesia 1,395,453.44 0.45 3,580,240.00 AKR CORPORINDO IDR 1,395,453.44 0.45 Ireland 8,328,292.07 2.67 301,786.00 BANK OF IRELAND - REGISTERED EUR 2,141,171.67 0.69 42,104.00 KERRY GROUP -A- EUR 3,936,724.00 1.26 149,528.00 RYANAIR HLDGS EUR 2,250,396.40 0.72 Israel 11,741,040.76 3.76 40,274.00 AZRIELI GROUP ILS 1,877,118.61 0.60 501,696.00 BANK HAPOALIM (IL662577) ILS 3,079,676.32 0.99 391,838.00 BANK LEUMI LE-ISRAEL (IL604611) ILS 1,971,056.76 0.63 1,307,407.00 BEZEQ THE ISRAEL TELECOMMUNICATION ILS 1,649,645.77 0.53 205,581.00 UNITED MIZRAHI BANK REG.SHS ILS 3,163,543.30 1.01 Japan 36,516,634.13 11.69 1,736.00 DAIWA HOUSE REIT INV SHS JPY 3,435,550.06 1.10 467.00 JP REAL ESTATE INVESTMENT JPY 1,847,008.32 0.59 341,000.00 KAJIMA CORP JPY 2,732,636.41 0.87 133,100.00 MITSUI AND CO LTD JPY 1,802,609.74 0.58

Page 116 Natixis AM Funds - Seeyond Global Minvariance Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets 119,400.00 NAGOYA RAIL ROAD CO. LTD. JPY 2,504,158.72 0.80 347,200.00 OBAYASHI CORP JPY 3,501,001.33 1.12 66,500.00 OTSUKA CORP JPY 4,247,501.85 1.36 2,296.00 PROLOGIS REIT JPY 4,044,772.64 1.30 71,100.00 SUNTORY JPY 2,633,331.39 0.84 24,400.00 TAISEI JPY 1,011,930.94 0.32 490,000.00 TORAY INDUSTRIES INC JPY 3,848,781.07 1.23 1,068,950.00 YAMADA DENKI CO LTD JPY 4,907,351.66 1.58 Jersey Island 3,373,301.19 1.08 23,148.00 RANDGOLD RESSOURCES LTD GBP 1,932,368.39 0.62 32,796.00 SHIRE GBP 1,440,932.80 0.46 Luxembourg 3,937,411.42 1.26 58,706.00 RTL GROUP EUR 3,937,411.42 1.26 Malaysia 22,756,879.49 7.29 2,921,200.00 GAMUDA BHD MYR 2,981,552.39 0.95 414,600.00 HONG LEONG BANK BHD MYR 1,450,366.29 0.46 436,600.00 KUALA LUMPUR KEPONG MY MYR 2,246,069.64 0.72 1,657,900.00 MALAYAN BANKING BHD MYR 3,343,365.71 1.07 1,499,125.00 PUBLIC BANK BHD MYR 6,410,366.59 2.06 2,031,200.00 TELEKOM MALAYSIA MYR 2,633,253.77 0.84 1,175,700.00 TENAGA NASIONAL BHD MYR 3,691,905.10 1.19 New Zealand 7,543,826.32 2.42 754,300.00 MERIDIAN ENERGY LTD NZD 1,306,756.40 0.42 350,347.00 RYMAN HEALTHCARE GROUP LTD NZD 2,197,450.09 0.70 1,878,924.00 SPARK NEW NZD 4,039,619.83 1.30 Singapore 13,225,751.06 4.23 666,000.00 CAPITALAND LTD SGD 1,465,013.24 0.47 736,000.00 CAPITAMALL REAL ESTATE INVESTMENT TRUST SGD 976,899.83 0.31 1,037,800.00 SATS SGD 3,362,866.49 1.07 341,000.00 SINGAPORE AIRLINES LTD SGD 2,267,312.67 0.73 481,000.00 SINGAPORE EXCHANGE LTD SGD 2,230,029.60 0.71 1,314,200.00 SINGAPORE TELECOM - SH BOARD LOT 1000 SGD 2,923,629.23 0.94 South Korea 3,235,853.77 1.04 60,967.00 KIA MOTORS KRW 1,588,773.52 0.51 69,995.00 KT CORPORATION KRW 1,647,080.25 0.53 Spain 4,321,662.45 1.38 27,631.00 AMADEUS IT -A- EUR 1,660,899.41 0.53 336,635.00 BANKINTER REG.SHS EUR 2,660,763.04 0.85 Sweden 1,439,307.12 0.46 47,501.00 ICA GRUPPEN AB SEK 1,439,307.12 0.46 Switzerland 31,700,497.28 10.15 2,514.00 BARRY CALLEBAUT - NAMEN-AKT CHF 4,367,783.62 1.40 391.00 CHOCOLADEFAB.LINDT.SPRUENGLI PARTIZIPSCH CHF 1,988,163.91 0.64 2,834.00 EMS-CHEM HOLDINGS-NAMEN ACT. CHF 1,575,453.58 0.50 24,694.00 NESTLE SA REG SHS CHF 1,768,454.64 0.57 25,528.00 NOVARTIS AG REG SHS CHF 1,797,638.94 0.58 7,413.00 PARTNERS GROUP HLDG NAMEN AKT CHF 4,231,836.94 1.35 6,268.00 ROCHE HOLDING AG GENUSSSCHEIN CHF 1,320,396.53 0.42 657.00 SIKA CHF 4,345,750.54 1.39 2,880.00 STRAUMANN HOLDING REG CHF 1,694,551.98 0.54 70,384.00 SWISS PRIME SITE AG-NAMEN AKT CHF 5,413,459.81 1.74 7,215.00 SWISSCOM SHS NOM CHF 3,197,006.79 1.02 Taiwan 3,765,547.29 1.21 1,830,722.00 FAR EASTONE TELECOMMUNICATION CO LTD TWD 3,765,547.29 1.21 Thailand 11,408,848.31 3.65 746,600.00 ADVANCED INFO SERV.UNITS NON VOTING D.R. THB 3,643,900.90 1.17 11,124,147.00 BTS GROUP HLDG PUB CO LTD THB 2,359,337.20 0.76 3,425,000.00 KRUNG THAI BANK FOREIGN REGISTERED THB 1,680,378.09 0.54 7,325,800.00 THAI UNION GR UNITS N.VTING.DEP.REC THB 3,725,232.12 1.18 The Netherlands 6,290,478.60 2.01 174,155.00 NN GROUP NV EUR 6,290,478.60 2.01 United Kingdom 3,627,776.97 1.16 221,617.00 BABCOCK INTERNATIONAL GROUP PLC GBP 1,761,401.39 0.56 261,927.00 RSA INSURANCE GROUP PLC GBP 1,866,375.58 0.60

Page 117 Natixis AM Funds - Seeyond Global Minvariance Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

United States of America 44,221,303.42 14.16 89,193.00 ANTERO RESOURCES USD 1,411,281.65 0.45 12,126.00 BECTON DICKINSON USD 2,161,635.21 0.69 48,221.00 CBOE HOLDINGS INC USD 5,003,209.85 1.60 80,285.00 COCA-COLA CO USD 3,067,518.15 0.98 50,054.00 CONSOLIDATED EDISON INC USD 3,541,045.39 1.13 20,136.00 EDISON INTERNATIONAL USD 1,060,460.23 0.34 29,260.00 FIDELITY NATIONAL USD 2,292,699.37 0.73 8,850.00 HUMANA INC USD 1,828,297.39 0.59 50,075.00 INTERCONEXCH GR INC WI USD 2,942,448.37 0.94 11,175.00 INTUITIVE SURGICAL USD 3,396,239.59 1.09 34,184.00 MONSTER BEVERAGE CORP USD 1,801,719.99 0.58 17,997.00 NEXTERA ENERGY USD 2,340,898.93 0.75 68,679.00 PPL CORP USD 1,770,165.76 0.57 33,378.00 PROCTER AND GAMBLE CO USD 2,553,939.57 0.82 11,406.00 RAYTHEON CO USD 1,784,324.70 0.57 37,729.00 THE KRAFT HEINZ USD 2,443,210.39 0.78 11,827.00 UNITEDHEALTH GROUP INC USD 2,171,369.44 0.70 25,400.00 WMWARE USD 2,650,839.44 0.85

Total securities portfolio 309,718,054.28 99.17

Page 118 Natixis AM Funds - Seeyond Equity Volatility Strategies

Page 119 Natixis AM Funds - Seeyond Equity Volatility Strategies Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 43,423,711.51 Securities portfolio at market value 33,114,874.58 Cost price 33,488,739.08 Unrealised loss on the securities portfolio -373,864.50 Options purchased at market value 7,157,608.26 Options purchased at cost 12,190,021.83 Cash at banks and liquidities 2,796,088.66 Interest receivable 3,195.39 Net unrealised appreciation on forward foreign exchange contracts 351,944.62 Liabilities 819,396.83 Bank overdrafts 203,000.00 Net unrealised depreciation on financial futures 594,613.97 Accrued expenses 18,325.90 Other liabilities 3,456.96 Net asset value 42,604,314.68

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class I (EUR) Capitalisation shares 1,347.76 0.00 192.25 1,155.51

Class R (EUR) Capitalisation shares 383.00 0.00 117.84 265.16

Class R (H-USD) Capitalisation shares 216.68 0.00 0.00 216.68

Class R (H-SGD) Capitalisation shares 505.98 137.19 182.66 460.51

Page 120 Natixis AM Funds - Seeyond Equity Volatility Strategies Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 42,604,314.68 54,654,363.85 140,302,990.24

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 1,155.51 1,347.76 2,866.52 Net asset value per share 36,676.83 40,298.16 48,761.20

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 265.16 383.00 524.99 Net asset value per share 708.10 780.48 950.44

Class R (H-USD) USD USD USD Capitalisation shares Number of shares 216.68 216.68 61.97 Net asset value per share 77.37 84.51 101.24

Class R (H-SGD) SGD SGD SGD Capitalisation shares Number of shares 460.51 505.98 349.47 Net asset value per share 77.29 84.51 100.91

Page 121 Natixis AM Funds - Seeyond Equity Volatility Strategies Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 26,137,267.76 61.35 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 26,137,267.76 61.35 France 12,025,465.71 28.23 4,000,000.00 BARCLAYS BANK PLC ZCP 240818 EUR 4,008,180.97 9.41 4,000,000.00 BNP PARIBAS ZCP 140918 EUR 4,006,860.04 9.40 4,000,000.00 NATIXIS ZCP 041018 EUR 4,010,424.70 9.42 United States of America 14,111,802.05 33.12 8,000,000.00 UNIT STAT TREA BIL ZCP 08-02-18 USD 6,642,370.09 15.59 4,000,000.00 UNIT STAT TREA BIL ZCP 15-03-18 USD 3,320,507.61 7.79 5,000,000.00 US TREASURY BILL ZCP 220318 USD 4,148,924.35 9.74

Shares/Units of UCITS/UCI 4,145,831.00 9.73 Shares/Units in investment funds 4,145,831.00 9.73 France 4,145,831.00 9.73 100.00 NATIXIS CASH EURIBOR SICAV -R- CAP EUR 4,145,831.00 9.73

Other money market instruments 2,831,775.82 6.65 Bonds and money market instruments 2,831,775.82 6.65 France 1,830,357.76 4.30 1,825,000.00 BPCE ZCP 240818 EUR 1,830,357.76 4.30 Spain 1,001,418.06 2.35 1,000,000.00 ESPAGNE ZCP 090318 EUR 1,001,418.06 2.35

Total securities portfolio 33,114,874.58 77.73

Page 122 Natixis AM Funds - Natixis Global Emerging Bonds

Page 123 Natixis AM Funds - Natixis Global Emerging Bonds Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in USD

Assets 159,995,175.98 Securities portfolio at market value 149,753,735.94 Cost price 147,237,036.08 Unrealised profit on the securities portfolio 2,516,699.86 Cash at banks and liquidities 4,806,822.89 Time deposits 393,262.00 Interest receivable 2,578,341.86 Dividends receivable 28,224.17 Net unrealised appreciation on forward foreign exchange contracts 2,407,968.81 Net unrealised appreciation on financial futures 26,820.31 Liabilities 1,774,363.48 Bank overdrafts 1,662,988.61 Accrued expenses 97,575.96 Other liabilities 13,798.91 Net asset value 158,220,812.50

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class I (USD) Capitalisation shares 55.00 22.80 41.80 36.00

Class I (H-EUR) Capitalisation shares 650.72 281.34 316.62 615.44

Class R (USD) Capitalisation shares 10,291.14 168.33 4,525.73 5,933.74

Class R (EUR) Capitalisation shares 9,651.60 2,860.39 698.74 11,813.25

Class R (H-EUR) Capitalisation shares 18,848.76 9,239.48 5,017.76 23,070.48

Page 124 Natixis AM Funds - Natixis Global Emerging Bonds Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets USD 158,220,812.50 155,166,692.03 138,753,528.43

Class I (USD) USD USD USD Capitalisation shares Number of shares 36.00 55.00 32.00 Net asset value per share 146,063.42 140,925.27 132,808.67

Class I (H-EUR) EUR EUR EUR Capitalisation shares Number of shares 615.44 650.72 668.95 Net asset value per share 186,956.45 182,385.75 175,091.63

Class R (USD) USD USD USD Capitalisation shares Number of shares 5,933.74 10,291.14 4,185.00 Net asset value per share 142.09 137.46 130.25

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 11,813.25 9,651.60 0.00 Net asset value per share 98.98 100.81 0.00

Class R (H-EUR) EUR EUR EUR Capitalisation shares Number of shares 23,070.48 18,848.76 8,065.61 Net asset value per share 453.03 443.20 427.98

Page 125 Natixis AM Funds - Natixis Global Emerging Bonds Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 144,897,750.15 91.58 exchange listing and/or dealt in on another regulated market Bonds and money market instruments 143,323,501.61 90.59 Angola 346,761.00 0.22 300,000.00 ANGOLA (REP) REGS 9.50 15-25 12/11S USD 346,761.00 0.22 Argentina 7,788,124.73 4.92 2,500,000.00 ARGENTINA 6.875 16-21 22/04S USD 2,725,250.00 1.72 800,000.00 ARGENTINA REP 7.125 17-36 06/07S USD 869,908.00 0.55 2,000,000.00 ARGENTINA REP 7.50 17-26 22/04S USD 2,269,260.00 1.43 285,826.88 ARGENTINA REPU 8.28 09-33 31/12S USD 333,101.22 0.21 687,030.87 ARGENTINA REPU 05-33 31/12S USD 815,941.91 0.52 550,441.48 ARGENTINA 7.82 03-33 31/12S EUR 774,663.60 0.49 Armenia 212,937.00 0.13 200,000.00 ARMENIA 6.00 13-20 30/09S USD 212,937.00 0.13 Azerbaidjan 2,338,380.00 1.48 1,400,000.00 AZERBAIDJAN (REP) REGS 4.75 14-24 18/03S USD 1,449,700.00 0.92 800,000.00 STATE OIL CO OF THE A 6.95 15-30 18/03S USD 888,680.00 0.56 Brazil 3,095,622.65 1.96 900,000.00 BNDES REGS 4.75 17-24 09/05S USD 908,829.00 0.58 2,000.00 BRAZIL 10.00 16-27 01/01S BRL 595,647.39 0.38 400,000.00 BRAZIL 7.125 06-37 20/01S USD 484,464.00 0.31 2,000.00 BRAZIL -DY- 0.00 10-23 01/01S BRL 624,202.26 0.39 500,000.00 BRAZIL REPUBLIC 2.625 12-23 05/01S USD 482,480.00 0.30 British Virgin Islands 2,962,187.00 1.87 1,500,000.00 SINOCHEM OV CAP REG S 4.50 10-20 12/11S USD 1,568,130.00 0.99 1,400,000.00 SINOPEC GR OVER REGS 3.25 15-25 28/04S USD 1,394,057.00 0.88 Chile 2,634,772.50 1.67 1,500,000.00 CNDCC REGS 3.00 12-22 17/07S USD 1,497,712.50 0.95 1,000,000.00 CODELCO INC 4.875 14-44 04/11S USD 1,137,060.00 0.72 Colombia 4,717,679.00 2.98 900,000.00 COLOMBIA 4.375 11-21 12/07S USD 949,774.50 0.60 800,000.00 COLOMBIA 4.50 15-26 28/01S USD 856,204.00 0.54 1,300,000.00 COLOMBIA 6.125 09-41 18/01S USD 1,581,879.00 0.99 800,000.00 COLOMBIA (REP OF) 3.875 17-27 25/04S USD 815,464.00 0.52 500,000.00 ECOPETROL 5.875 14-45 28/05S USD 514,357.50 0.33 Costa Rica 2,017,810.00 1.28 800,000.00 COSTA RICA REGS 4.375 13-25 30/04S USD 772,060.00 0.49 1,200,000.00 COSTA RICA REGS 7.000 14-44 04/04S USD 1,245,750.00 0.79 Croatia 2,506,827.50 1.58 2,300,000.00 CROATIA 6.625 10-20 14/07S USD 2,506,827.50 1.58 Dominican Republic 3,688,892.00 2.33 1,800,000.00 DOMINICAN REP REGS 7.45 14-44 30/04S USD 2,163,627.00 1.37 1,400,000.00 DOMINICAN REPUBLIC 7.50 10-21 06/05S USD 1,525,265.00 0.96 Ecuador 3,132,720.00 1.98 500,000.00 ECUADOR REG S 7.95 14-24 20/06S USD 533,277.50 0.34 1,100,000.00 ECUADOR (REP OF) 9.65 16-26 13/12S USD 1,266,446.50 0.80 1,200,000.00 REPUBLIC OF ECUADOR 10.50 15-20 24/03S USD 1,332,996.00 0.84 Egypt 4,815,207.50 3.04 700,000.00 ARAB REPUBLIC EGYPT 5.875 15-25 11/06S USD 708,697.50 0.45 1,900,000.00 EGYPT 6.125 17-22 31/01S USD 1,991,437.50 1.25 500,000.00 EGYPT REG-S 5.75 10-20 29/04S USD 524,337.50 0.33 500,000.00 EGYPT REG-S 7.50 17-27 31/01S USD 554,227.50 0.35 900,000.00 EGYPTE 8.50 17-47 31/01S USD 1,036,507.50 0.66 El Salvador 1,217,976.00 0.77 800,000.00 EL SALVADOR REGS 5.875 12-25 30/01S USD 806,840.00 0.51 400,000.00 EL SALVADOR REGS 6.375 14-27 18/01S USD 411,136.00 0.26 Gabon 610,476.00 0.39 600,000.00 GABONESE REGS 6.375 13-24 12/12S USD 610,476.00 0.39 Georgia 2,133,667.50 1.35 700,000.00 GEORG RAILWAY REGS 7.75 12-22 11/07S USD 786,775.50 0.50 1,200,000.00 GEORGIA 6.875 11-21 12/04S USD 1,346,892.00 0.85 Ghana 3,373,518.51 2.13 1,649,449.00 GHANA REGS 7.875 13-23 07/08S USD 1,814,814.51 1.14 1,400,000.00 GHANA REGS 8.125 14-26 18/01S USD 1,558,704.00 0.99

Page 126 Natixis AM Funds - Natixis Global Emerging Bonds Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets

Guatemala 431,956.00 0.27 400,000.00 GUATEMALA(REP OF)REGS 5.75 12-22 06/06S USD 431,956.00 0.27 Honduras 336,724.50 0.21 300,000.00 HONDURAS GOVT REGS 7.50 13-24 15/03S USD 336,724.50 0.21 Hungary 4,531,698.00 2.86 2,000,000.00 HUNGARY 5.75 13-23 22/11S USD 2,292,400.00 1.44 1,500,000.00 HUNGARY 6.25 10-20 29/01S USD 1,609,620.00 1.02 400,000.00 HUNGARY (REPUBLIC OF) 7.625 11-41 29/03S USD 629,678.00 0.40 India 1,281,494.50 0.81 1,300,000.00 EXP IMP BK INDIA REGS 3.375 16-25 05/08S USD 1,281,494.50 0.81 Indonesia 10,151,184.05 6.43 4,000,000,000.00 INDONESIA 8.25 16-36 15/05S IDR 331,191.69 0.21 4,000,000,000.00 INDONESIA -FR0061- 7.00 11-22 15/05S IDR 309,287.86 0.20 1,200,000.00 INDONESIA REGS 5.375 13-23 17/10S USD 1,340,844.00 0.85 500,000.00 INDONESIE 6.625 07-37 17/02S USD 641,620.00 0.41 19,000,000,000.00 INDONESIE 7.875 13-19 15/04S IDR 1,447,278.00 0.91 1,100,000.00 PERTAMINA REG S 5.25 11-21 23/05S USD 1,181,592.50 0.75 800,000.00 PERTAMINA REGS 4.30 13-23 20/05S USD 837,500.00 0.53 1,500,000.00 PERTAMINA REGS 6.00 12-42 03/05S USD 1,709,175.00 1.09 1,000,000.00 PERUSAHAAN LISTRIK 4.125 17-27 15/05S USD 1,000,825.00 0.63 1,300,000.00 PT BK NEGARA REGS 5.25 12-42 24/10S USD 1,351,870.00 0.85 Ireland 883,657.50 0.56 300,000.00 VEB FINANCE REG S 6.80 10-25 22/11S USD 343,035.00 0.22 500,000.00 VEB FINANCE REG S 6.902 10-20 09/07S USD 540,622.50 0.34 Ivory Coast 3,268,323.67 2.07 1,000,000.00 COTE D'IVOIRE 6.125 17-33 15/06S USD 1,019,965.00 0.64 1,000,000.00 IVORY COAST REGS 5.125 17-25 15/06A EUR 1,311,994.08 0.84 918,000.00 IVORY COAST REGS 5.375 14-24 23/07S USD 936,364.59 0.59 Jamaica 2,595,483.00 1.64 800,000.00 JAMAICA (GOV.OF) 7.625 14-25 09/07S USD 950,496.00 0.61 600,000.00 JAMAICA (GOV.OF) 7.875 15-45 28/07S USD 735,363.00 0.46 800,000.00 JAMAICA (GOVT OF) 6.75 15-28 28/04S USD 909,624.00 0.57 Kazakhstan 6,158,807.00 3.89 3,000,000.00 BANK OF KAZAKHSTAN 4.125 12-22 10/12S USD 3,092,895.00 1.96 1,000,000.00 KASAK TEMIR REGS 6.95 12-42 10/07S USD 1,175,005.00 0.74 1,000,000.00 KAZAKHSTAN REGS 6.50 15-45 21/07S USD 1,286,320.00 0.81 600,000.00 KAZTRANSGAS JSC 4.375 17-27 26/09S USD 604,587.00 0.38 Lebanon 2,800,243.25 1.77 1,300,000.00 LEBANESE REPUBLIC 6.00 12-23 27/01S USD 1,251,185.00 0.79 950,000.00 LEBANESE REPUBLIC 6.85 17-27 23/03S USD 921,476.25 0.58 600,000.00 LIBAN EMTN 8.25 06-21 12/04S USD 627,582.00 0.40 Luxembourg 210,301.00 0.13 200,000.00 ETHIOPIA (FED REP) 6.625 14-24 11/12S USD 210,301.00 0.13 Mexico 8,225,361.31 5.21 350,000.00 MEXICAN BONOS 6.50 11-21 10/06S MXN 1,729,902.31 1.10 800,000.00 MEXICAN STATES 25 3.625 12-22 15/03S USD 830,456.00 0.52 1,700,000.00 PEMEX 4.50 16-26 23/01S USD 1,699,651.50 1.07 1,800,000.00 PEMEX PROJECT 6.50 11-41 02/06S USD 1,861,947.00 1.19 1,300,000.00 PETROLEOS MEXICANOS 3.50 13-23 30/01S USD 1,275,196.00 0.81 700,000.00 UTD MEXICAN STS TR20 6.05 07-40 11/01S USD 828,208.50 0.52 Micronesian Islands 528,090.00 0.33 500,000.00 KAZMUNAYGAS NATION 4.75 17-27 19/04S USD 528,090.00 0.33 Mongolia 2,262,155.50 1.43 1,100,000.00 MONGOLIA INTL BD REGS 8.75 17-24 09/03S USD 1,269,075.50 0.80 1,000,000.00 MONGOLIE EMTN REGS 2 5.125 12-22 05/12S USD 993,080.00 0.63 Morocco 2,973,851.00 1.88 1,700,000.00 OCP SA 5.625 14-24 25/04S USD 1,825,256.00 1.15 1,000,000.00 OCP SA 6.875 14-44 25/04S USD 1,148,595.00 0.73 Nigeria 766,056.50 0.48 400,000.00 NIGERIA 6.375 13-23 12/07S USD 425,858.00 0.26 300,000.00 NIGERIA REGS 7.875 17-32 16/02S USD 340,198.50 0.22 Oman 2,469,164.50 1.56 1,300,000.00 OMAN 4.75 16-26 15/06S USD 1,265,478.50 0.80 500,000.00 OMAN GO9V INTL REGS 3.625 16-21 15/06S USD 500,952.50 0.32

Page 127 Natixis AM Funds - Natixis Global Emerging Bonds Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets 700,000.00 OMAN REGS 6.50 17-27 08/03S USD 702,733.50 0.44 Paraguay 1,892,990.50 1.20 400,000.00 PARAGUAY 5.00 16-26 15/04S USD 430,750.00 0.27 1,000,000.00 PARAGUAY REGS 6.10 14-44 11/08S USD 1,146,330.00 0.73 300,000.00 REPUBLIC OF PARAGUAY 4.625 13-23 25/01S USD 315,910.50 0.20 Peru 3,049,192.79 1.93 600,000.00 PERU (REP OF) 5.625 10-50 18/11S USD 772,095.00 0.49 900,000.00 PERU (REP OF) 6.55 07-37 14/03S USD 1,223,730.00 0.77 3,000,000.00 PERU (REP OF) REGS 6.95 08-31 12/08S PEN 1,053,367.79 0.67 Romania 1,722,082.50 1.09 1,500,000.00 ROMANIA 6.75 12-22 07/02S USD 1,722,082.50 1.09 Russia 5,963,802.65 3.77 800,000.00 RUSSIAN FEDERAT REGS 4.875 13-23 16/09A USD 866,744.00 0.55 80,000,000.00 RUSSIAN FEDERAT REGS 7.85 11-18 10/03S RUB 1,390,777.65 0.88 1,600,000.00 RUSSIE (FED OF) 5.625 12-42 04/04S USD 1,796,472.00 1.14 1,800,000.00 RUSSIE (FED OF) REGS 4.50 12-22 04/04S USD 1,909,809.00 1.20 Senegal 1,690,375.50 1.07 600,000.00 SENEGAL REGS 6.25 14-24 30/07S USD 649,827.00 0.41 900,000.00 SENEGAL (REP OF) 8.75 11-21 13/05S USD 1,040,548.50 0.66 Serbia 1,717,702.50 1.09 1,500,000.00 SERBIA REGS 7.25 11-21 28/09S USD 1,717,702.50 1.09 South Africa 3,261,993.50 2.06 1,400,000.00 AFRIQUE DU SUD 5.875 07-31 30/05A USD 1,532,783.00 0.97 500,000.00 ESKOM HLDG REGS 6.75 13-23 06/08S USD 510,912.50 0.32 700,000.00 SOUTH AFRICA 6.25 11-41 08/03A USD 781,774.00 0.49 400,000.00 SOUTH AFRICA (REP OF) 5.875 13-25 16/09S USD 436,524.00 0.28 Sri Lanka 3,894,128.50 2.46 1,900,000.00 REP SRI LANKA REGS 6.85 15-25 03/11S USD 2,098,027.50 1.32 1,700,000.00 SRI LANKA 6.25 10-20 04/10S USD 1,796,101.00 1.14 The Netherlands 2,196,680.00 1.39 1,000,000.00 PETROBRAS GLOBAL FIN 8.75 16-26 23/05S USD 1,194,010.00 0.76 1,000,000.00 PETROBRAS INTL FIN 6.75 11-41 27/01S USD 1,002,670.00 0.63 Turkey 4,702,515.00 2.97 1,900,000.00 TURKEY 3.25 13-23 23/03S USD 1,806,007.00 1.14 2,000,000.00 TURKEY 6.00 11-41 14/01S USD 2,031,820.00 1.28 800,000.00 TURQUIE (REPU OF ) 7.00 05-20 05/06S USD 864,688.00 0.55 Ukraine 6,557,403.00 4.14 1,400,000.00 MIN FIN UKRAINE REGS 7.75 15-21 01/09S USD 1,494,367.00 0.94 1,200,000.00 MIN FIN UKRAINE REGS 7.75 15-22 01/09S USD 1,279,524.00 0.81 1,200,000.00 MIN FIN UKRAINE REGS 7.75 15-25 01/09S USD 1,255,104.00 0.79 1,300,000.00 MIN FIN UKRAINE REGS 7.75 15-27 01/09S USD 1,346,696.00 0.85 1,200,000.00 UKRAINE GOVT 7.375 17-32 25/09S USD 1,181,712.00 0.75 Uruguay 5,106,760.00 3.23 1,600,000.00 URUGUAY 4.375 15-27 27/10S USD 1,728,016.00 1.09 900,000.00 URUGUAY 4.50 13-24 14/08S USD 978,219.00 0.62 600,000.00 URUGUAY 5.10 14-50 18/06S USD 669,633.00 0.42 1,200,000.00 URUGUAY (PIK) 7.875 03-33 15/01S USD 1,730,892.00 1.10 Venezuela 1,382,625.00 0.87 3,300,000.00 VENEZUELA 9.375 04-34 13/01S USD 690,937.50 0.44 3,100,000.00 VENEZUELA DEF 9.25 97-27 15/09S USD 691,687.50 0.43 Vietnam 1,286,277.00 0.81 1,000,000.00 VIETNAM REGS 4.80 14-24 19/11S USD 1,070,220.00 0.67 200,000.00 VIETNAM (REP OF)REGS 6.75 10-20 29/01S USD 216,057.00 0.14 Zambia 1,430,863.00 0.90 400,000.00 REPUBLIC OF ZAMBIA 8.97 15-27 30/07S USD 450,818.00 0.28 1,000,000.00 ZAMBIA REGS 5.375 12-22 20/09S USD 980,045.00 0.62 Floating rate notes 1,574,248.54 0.99 Argentina 208,750.00 0.13 2,000,000.00 ARGENTINA -DY- FL.R 10-15 27/05A USD 208,750.00 0.13 Ivory Coast 1,316,774.76 0.83 1,313,550.00 COTE D IVOIRE REGS FL.R 10-32 31/12S USD 1,316,774.76 0.83 Serbia 48,723.78 0.03 47,687.06 SERBIA REGD FL.R 05-24 01/11S USD 48,723.78 0.03

Page 128 Natixis AM Funds - Natixis Global Emerging Bonds Securities portfolio as at 31/12/17 Expressed in USD Quotation % of net Quantity Denomination Market value currency assets

Other transferable securities 4,249,280.39 2.69 Bonds and money market instruments 4,249,280.03 2.69 Argentina 1.53 0.00 300,375.00 ALPARGATAS SAIC 0.00 00-10 15/03A USD 0.03 0.00 1,500,000.00 BANCO MAYO COOP 9.125 97-99 30/06S USD 1.50 0.00 Dominican Republic 1,958,634.00 1.24 1,800,000.00 REP DOMINICAINE 5.95 17-27 25/01S USD 1,958,634.00 1.24 Honduras 268,240.00 0.17 250,000.00 HONDURAS 6.25 17-27 19/01S USD 268,240.00 0.17 Senegal 634,284.00 0.40 600,000.00 SENEGAL REGS 6.25 17-33 23/05S USD 634,284.00 0.40 Turkey 1,388,120.50 0.88 1,300,000.00 TURKEY(REP.OF) 6.00 17-27 25/03S USD 1,388,120.50 0.88 Floating rate notes 0.36 0.00 Indonesia 0.36 0.00 35,530.00 ASIA PAC FIBERS FL.R 06-20 15/02 USD 0.36 0.00

Shares/Units of UCITS/UCI 606,705.40 0.38 Shares/Units in investment funds 606,705.40 0.38 Luxembourg 606,705.40 0.38 50.00 NATIXIS GLOBAL CURRENCY I/A EUR C EUR 606,705.40 0.38

Total securities portfolio 149,753,735.94 94.65

Page 129 Natixis AM Funds - Emerise Global Emerging Equity

Page 130 Natixis AM Funds - Emerise Global Emerging Equity Financial Statements as at 31/12/17 Statement of net assets as at 31/12/17 Expressed in EUR

Assets 192,066,931.54 Securities portfolio at market value 190,194,705.73 Cost price 146,922,316.46 Unrealised profit on the securities portfolio 43,272,389.27 Cash at banks and liquidities 1,739,326.31 Interest receivable 1,528.33 Subscriptions receivable 54,119.84 Dividends receivable 77,251.33 Liabilities 187,944.83 Bank overdrafts 54,752.10 Redemptions payable 185.76 Accrued expenses 119,324.05 Other liabilities 13,682.92 Net asset value 191,878,986.71

Changes in number of shares outstanding from 01/07/17 to 31/12/17

Shares Shares outstanding as at Shares issued Shares redeemed outstanding as at 01/07/17 31/12/17

Class M (EUR) Capitalisation shares 1,142.68 27.18 6.52 1,163.34

Class I (EUR) Capitalisation shares 5,207.53 2,711.98 245.00 7,674.51

Class R (EUR) Capitalisation shares 591.00 63.51 0.00 654.51

Page 131 Natixis AM Funds - Emerise Global Emerging Equity Key figures

Period ended as at: 31/12/17 30/06/17 30/06/16

Total Net Assets EUR 191,878,986.71 136,239,201.45 113,673,754.58

Class M (EUR) EUR EUR EUR Capitalisation shares Number of shares 1,163.34 1,142.68 1,124.40 Net asset value per share 71,393.35 62,586.29 53,595.60

Class I (EUR) EUR EUR EUR Capitalisation shares Number of shares 7,674.51 5,207.53 5,017.24 Net asset value per share 14,168.45 12,415.33 10,645.49

Class R (EUR) EUR EUR EUR Capitalisation shares Number of shares 654.51 591.00 1.00 Net asset value per share 134.82 118.69 102.62

Page 132 Natixis AM Funds - Emerise Global Emerging Equity Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets Transferable securities and money market instruments admitted to an official stock 187,610,521.37 97.78 exchange listing and/or dealt in on another regulated market Shares 187,610,521.37 97.78 Bermuda 5,866,156.03 3.06 1,396,000.00 BRILLIANCE CHINA AUTO HLDGS HKD 3,108,154.32 1.62 7,550,000.00 PACIFIC BASIN SHIP HKD 1,359,266.22 0.71 2,600,000.00 SINOPEC KANTONS HOLDINGS HKD 1,398,735.49 0.73 Brazil 12,216,004.72 6.37 167,000.00 BRASKEM SA PREF SHS -A- BRL 1,797,371.46 0.94 1,294,000.00 GERDAU PREF. BRL 4,021,821.65 2.09 382,000.00 IGUATEMI EMPRESA DE SHOPPING CENTERS SA BRL 3,777,610.97 1.97 648,000.00 PETROLEO BRASILEIRO -PETROBRAS- PREF. BRL 2,619,200.64 1.37 Cayman Islands 43,197,804.36 22.50 306,647.00 AIRTAC INTL TWD 4,591,037.81 2.39 95,000.00 ASM PACIFIC TECHNOLOGY HKD 1,102,103.43 0.57 28,800.00 BAIDU -A- SPONS ADR REPR 1/10 SH -A- USD 5,617,295.14 2.93 198.00 CHINA LITERATURE LIMITED HKD 1,758.09 0.00 6,230,000.00 CIMC ENRIG HOLDINGS LTD HKD 4,360,379.46 2.27 174,000.00 GOURMET MASTER TWD 2,118,150.78 1.10 6,000,000.00 LONKING HOLDINGS HKD 2,192,382.06 1.14 822,000.00 MGM CHINA HOLDINGS LTD HKD 2,070,970.11 1.08 1,194,000.00 NEXTEER AUTO HKD 2,368,399.02 1.23 120,000.00 PARADE TECHNOLOGIES LTD TWD 1,977,948.17 1.03 217,000.00 SHENZHOU INTERNATIONAL GROUP HKD 1,719,901.35 0.90 249,000.00 TENCENT HLDG HKD 10,769,517.58 5.61 50,000.00 WEIBO -A- SPONS ADR REPR 1 SH USD 4,307,961.36 2.25 China 9,995,669.56 5.21 518,000.00 ANHUI CONCH CEMENT CO -H- HKD 2,027,953.40 1.06 696,000.00 PING AN INS (GRP) CO -H- HKD 6,031,671.29 3.14 775,000.00 TRAVELSKY TECHNOLOGY -H- HKD 1,936,044.87 1.01 Cyprus 1,692,671.05 0.88 216,460.00 GLOBALTRANS INV -GDR- REP 1 SH REG -S USD 1,692,671.05 0.88 Greece 3,985,730.00 2.08 197,000.00 MYTILINEOS HOLDINGS SA REG SHS EUR 1,800,580.00 0.94 6,850,000.00 NATL BANK GREECE EUR 2,185,150.00 1.14 Hong Kong 5,800,171.51 3.02 218,000.00 AIA GROUP LTD HKD 1,547,845.17 0.81 1,008,000.00 BOC HONG KONG (HOLDINGS) LTD HKD 4,252,326.34 2.21 India 19,065,168.74 9.94 366,000.00 BHARTI AIRTEL LTD(DEMATERIALISED) INR 2,529,247.52 1.32 43,000.00 DALMIA BHARAT LTD INR 1,799,827.38 0.94 320,000.00 FUTURE RETAIL LTD INR 2,191,323.27 1.14 215,000.00 INDIABULLS HOUSING FINANCE LTD INR 3,356,670.64 1.75 158,000.00 INDUSIND BANK LTD INR 3,399,168.36 1.77 19,000.00 MARUTI SUZUKI INR 2,411,946.26 1.26 1,016,000.00 PETRONET LNG INR 3,376,985.31 1.76 Indonesia 6,189,413.34 3.23 2,741,000.00 BANK CENTRAL ASIA DEP IDR 3,684,534.56 1.92 1,152,800.00 UNITED TRACTORS IDR 2,504,878.78 1.31 Jersey Island 3,239,508.57 1.69 3,155,000.00 UNITED COMPANY RUSAL LTD HKD 1,841,835.29 0.96 11,213,700.00 WEST CHINA CEMENT LTD HKD 1,397,673.28 0.73 Malaysia 4,046,780.60 2.11 1,300,000.00 MALAYSIA AIRPORTS HOLDINGS MYR 2,351,428.10 1.23 3,694,500.00 MY E.G. SERVICES BHD MYR 1,695,352.50 0.88 Mexico 4,656,968.84 2.43 850,000.00 GMEXICO -B- MXN 2,348,383.12 1.23 503,000.00 GRUPO FINANCIERO BANORTE -O- MXN 2,308,585.72 1.20 Philippines 3,128,041.38 1.63 9,130,000.00 BLOOMBERRY RESORTS CORPORATION PHP 1,660,168.92 0.87 350,000.00 SECURITY BANK CORP PHP 1,467,872.46 0.76 Russia 5,778,997.34 3.01 55,000.00 LUKOIL ADR REP 1 SH USD 2,620,836.11 1.37 224,000.00 SBERBANK ADR 4 SHS USD 3,158,161.23 1.64

Page 133 Natixis AM Funds - Emerise Global Emerging Equity Securities portfolio as at 31/12/17 Expressed in EUR Quotation % of net Quantity Denomination Market value currency assets

South Africa 12,549,223.39 6.54 978,000.00 FIRSTRAND LTD ZAR 4,424,252.82 2.31 35,000.00 NASPERS -N- ZAR 8,124,970.57 4.23 South Korea 23,728,106.31 12.36 9,000.00 LG CHEM KRW 2,835,436.29 1.48 314.00 LG CHEMICAL LTD PREF./ISSUE 01 KRW 60,820.69 0.03 9,000.00 NCSOFT KRW 3,132,982.08 1.63 5,220.00 SAMSUNG ELECTRONICS CO LTD KRW 10,346,472.03 5.38 86,500.00 SFA ENGINEERING KRW 2,607,415.10 1.36 41,500.00 SK HYNIX INC KRW 2,469,630.01 1.29 25,000.00 S-OIL CORP KRW 2,275,350.11 1.19 Taiwan 15,476,115.18 8.07 12,000.00 LARGAN PRECISION CO LTD TWD 1,349,974.81 0.70 875,000.00 TAIWAN PAIHO LTD TWD 2,962,864.50 1.54 1,363,000.00 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD TWD 8,753,805.90 4.57 300,000.00 TCI TWD 2,409,469.97 1.26 Thailand 5,103,420.16 2.66 1,570,000.00 CENTRAL PATTANA (FOREIGN REGISTERED) THB 3,420,103.46 1.78 1,700,000.00 MUANGTHAI LEASING PUB CO -F- THB 1,683,316.70 0.88 United Arab Emirates 1,894,570.29 0.99 91,000.00 DP WORLD USD 1,894,570.29 0.99

Other transferable securities 2,584,184.36 1.35 Shares 2,584,184.36 1.35 Bermuda 0.00 0.00 670,000.00 CHINA ANIMAL HEALTHCARE HKD 0.00 0.00 Thailand 2,584,184.36 1.35 4,862,000.00 BEAUTY COMM FOR REG THB 2,584,184.36 1.35

Total securities portfolio 190,194,705.73 99.12

Page 134 Natixis AM Funds Notes to the financial statements

Page 135 NATIXIS AM Funds General information

General information:

NATIXIS AM Funds (the “SICAV”) was incorporated on May 21, 2013 as a Luxembourg Société d’Investissement à Capital Variable under Part I of the Luxembourg law of December 17, 2010 on undertakings for collective investment, as amended. The SICAV is recorded in the Luxembourg Registre de Commerce under the number R.C.S. Luxembourg B 177.509.

The Articles of Incorporation of the SICAV were lodged with the register of the District Court and a publication of such deposit was made in the Mémorial C, Recueil des Sociétés et Association remplaced by RESA (Recueil Electronique des Sociétés et Associations) as of June 1st, 2013. The SICAV is an umbrella structure with multiple sub-funds which offers investors a choice between several classes of shares with different characteristics and fee structure. As at December 31, 2017, the following sub-funds were active:

Sub-funds Currency Launch date NATIXIS AM Funds - Natixis Euro Bonds Opportunities 12 Months EUR 18/12/2013 NATIXIS AM Funds - Natixis Euro Short Term Credit EUR 22/10/2013 NATIXIS AM Funds - Natixis Euro Credit EUR 31/01/2014 NATIXIS AM Funds - Natixis Euro Inflation EUR 13/12/2013 NATIXIS AM Funds - Natixis Euro Aggregate EUR 18/11/2013 NATIXIS AM Funds - Natixis Global Aggregate USD 28/08/2017 NATIXIS AM Funds - Natixis Credit Opportunities EUR 20/11/2013 NATIXIS AM Funds - Natixis Global Enhanced Beta USD 27/02/2017 NATIXIS AM Funds - Natixis Global Convertible Bonds USD 25/10/2016 NATIXIS AM Funds - Natixis Multi Asset Global Income USD 19/06/2017 NATIXIS AM Funds - Natixis Global Currency EUR 11/12/2013 NATIXIS AM Funds - H2O Lux MultiBonds EUR 05/07/2016 NATIXIS AM Funds - H2O Lux Allegro EUR 05/07/2016 NATIXIS AM Funds - Natixis Euro Value Equity EUR 20/11/2013 NATIXIS AM Funds - Natixis Food & Consumer Equities EUR 10/05/2017 NATIXIS AM Funds - Natixis Conservative Risk Parity EUR 25/06/2013 NATIXIS AM Funds - Seeyond Multi Asset Conservative Growth Fund EUR 03/10/2013 NATIXIS AM Funds - Seeyond Multi Asset Diversified Growth Fund EUR 24/01/2017 NATIXIS AM Funds - Seeyond Equity Factor Investing Europe EUR 30/11/2016 NATIXIS AM Funds - Seeyond Europe Market Neutral EUR 29/06/2017 NATIXIS AM Funds - Seeyond Europe Minvariance EUR 27/11/2013 NATIXIS AM Funds - Seeyond Global Minvariance EUR 19/12/2013 NATIXIS AM Funds - Seeyond Equity Volatility Strategies EUR 05/11/2013 NATIXIS AM Funds - Natixis Global Emerging Bonds USD 24/01/2014 NATIXIS AM Funds - Emerise Global Emerging Equity EUR 13/11/2013

Foreign currency translation Assets and liabilities stated in currencies other than the reporting currency of each sub-fund of the SICAV have been translated at the exchange rates prevailing in Luxembourg at the statement of net assets date. Income and expenses denominated in currencies other than the reporting currency of each sub-fund have been translated at the rate prevailing at the date of the transaction.

As at December 31, 2017, the following exchange rates were used: 1 EUR = 4.4103 AED 1 EUR = 9.38705 HKD 1 EUR = 4.1725 PLN 1.53525 AUD 310.205 HUF 4.3733 QAR 3.9832 BRL 16,291.8543IDR 69.13155 RUB 1.5045 CAD 4.16875 ILS 9.8315 SEK 1.17015 CHF 135.2701 JPY 1.60475 SGD 738.46805 CLP 1,285.51645 KRW 39.13405 THB 7.8197 CNH 23.49425 MXN 4.55295 TRY 3,583.78785 COP 4.8596 MYR 35.734 TWD 25.529 CZK 9.82175 NOK 1.2008 USD 7.4454 DKK 1.6884 NZD 14.8659 ZAR 0.88765 GBP 3.8912 PEN 21.3502 EGP 59.9439 PHP

Page 136 NATIXIS AM Funds

General information (continued)

Consolidated statements

The combined financial statements of the SICAV are expressed in EUR and are equal to the sum of the corresponding captions in the financial statements of each sub-fund with no elimination of cross-investments. If cross-investments were eliminated, the recalculated combined net asset value would amount to EUR 5,245,563,015.00. These cross-investments amount to EUR 50,978,433.76 and are detailed as follows: - investment of the sub-fund NATIXIS AM Funds - Natixis Euro Aggregate in the sub-fund NATIXIS AM Funds - Natixis Global Currency, NATIXIS AM Funds - Natixis Global Bonds Enhanced Beta, NATIXIS AM Funds - Natixis Global Convertible Bonds, NATIXIS AM Funds - Natixis Multi Asset Global Income and NATIXIS AM Funds - Natixis Global Emerging Bonds for a total amount of EUR 38,572,909.89; - investment of the sub-fund NATIXIS AM Funds - Seeyond Multi Asset Conservative Growth Fund in the sub- fund NATIXIS AM Funds - Seeyond Equity Volatility Strategies for a total amount of EUR 806,815.46; - investment of the sub-fund NATIXIS AM Funds - Natixis Conservative Risk Parity in the sub-fund NATIXIS AM Funds - Seeyond Europe Market Neutral for a total amount of EUR 1,515,300.00; - investment of the sub-fund NATIXIS AM Funds - Natixis Global Emerging Bonds in the sub-fund NATIXIS AM Funds - Natixis Global Currency for a total amount of EUR 505,251.00; - investment of the sub-fund NATIXIS AM Funds – Seeyond Europe Market Neutral in the sub-fund NATIXIS AM Funds – Seeyond Europe Minvariance for a total amount of EUR 1,422,912.77; - investment of the sub-fund NATIXIS AM Funds - Natixis Global Aggregate in the sub-fund NATIXIS AM Funds - Natixis Global Emerging Bonds and NATIXIS AM Funds – Natixis Global Convertible Bonds for a total amount of EUR 5,576,823.58; - investment of the sub-fund NATIXIS AM Funds - Natixis Multi Asset Global Income in the sub-fund NATIXIS AM Funds - Natixis Global Convertible Bonds for a total amount of EUR 2,578,421.05.

Dividends

During the period ended December 31, 2017, the following sub-funds distributed a dividend:

• with ex-date as at July 19, 2017 and payment date as at July 24, 2017 :

Sub-funds Class of shares Dividend per share Currency NATIXIS AM Funds - Natixis Euro Credit M/D(EUR) 236.88 EUR NATIXIS AM Funds - Natixis Euro Short Term Credit I/D(EUR) 51.69 EUR SI/D(EUR) 0.56 EUR R/D(EUR) 0.42 EUR NATIXIS AM Funds - Natixis Euro Aggregate I/D(EUR) 560.39 EUR R/D(EUR) 0.46 EUR SI/D(EUR) 0.53 EUR NATIXIS AM Funds - Natixis Euro Value Equity M/D(EUR) 1,137.70 EUR I/D(EUR) 199.68 EUR NATIXIS AM Funds – H2O Lux MultiBonds R/D(EUR) 0.48 EUR NATIXIS AM Funds – Natixis Conservative Risk Parity I/D(EUR) 83.81 EUR R/D(EUR) 0.73 EUR RE/D(EUR) 0.39 EUR NATIXIS AM Funds - Seeyond Europe Minvariance SI/D(EUR) 1,501.25 EUR I/D(EUR) 1,135.02 EUR R/D(EUR) 1.14 EUR NATIXIS AM Funds - Seeyond Global Minvariance M/D(EUR) 305.45 EUR

Page 137 NATIXIS AM Funds

General information (continued)

• with ex-date as at October 19, 2017 and payment date as at October 24, 2017 :

Sub-funds Class of shares Dividend per share Currency NATIXIS AM Funds - Natixis Euro Credit M/D(EUR) 242.05 EUR NATIXIS AM Funds - Natixis Euro Short Term Credit I/D(EUR) 58.9 EUR SI/D(EUR) 0.64 EUR R/D(EUR) 0.50 EUR NATIXIS AM Funds - Natixis Euro Aggregate I/D(EUR) 510.59 EUR R/D(EUR) 0.40 EUR SI/D(EUR) 0.49 EUR NATIXIS AM Funds – Natixis Multi Asset Global Income I/D(EUR) 0.03556 EUR NATIXIS AM Funds – Natixis Conservative Risk Parity I/D(EUR) 112.42 EUR R/D(EUR) 0.98 EUR RE/D(EUR) 0.52 EUR

• with ex-date as at November 21, 2017 and payment date as at November 24, 2017 :

Sub-funds Class of shares Dividend per share Currency NATIXIS AM Funds – Natixis Multi Asset Global Income I/D(EUR) 0.077 EUR

• with ex-date as at December 21, 2017 and payment date as at December 27, 2017 :

Sub-funds Class of shares Dividend per share Currency NATIXIS AM Funds – Natixis Multi Asset Global Income I/D(EUR) 0.077 EUR

Changes in the composition of the portfolio

The details of the changes in portfolio composition during the period under review are held at the disposal of shareholders at the registered office of the SICAV and are available upon request free of charge.

Page 138 NATIXIS AM Funds

General information (continued)

SFTR (SECURITIES FINANCING TRANSACTIONS AND OF REUSE REGULATION):

SECURITIES LENDING Natixis Euro Short Natixis Euro Natixis Euro Natixis Global TRANSACTIONS Term Credit Credit Aggregate Aggregate Assets used In EUR In EUR In EUR In USD In absolute terms 6,552,600.76 3,612,294.90 3,947,842.52 489,306.78 As a % of lendable assets 0.50 1.96 0.51 0.51 As a % of total net asset value 0.49 1.93 0.49 0.48

Transactions classified according to residual In EUR In EUR In EUR In USD maturities Less than 1 day - - - - From 1 day to 1 week - - - - From 1 week to 1 month - - - - From 1 month to 3 months - - - - From 3 months to 1 year - - - - Above 1 year - - - - Open maturity 6,552,600.76 3,612,294.90 3,947,842.52 489,306.78

Collateral received In EUR In EUR In EUR In USD Type: Cash 6,684,144.79 3,744,367.48 4,833,319.73 495,786.70

Quality (Bond collateral issuers rating): - - - -

Currency: 6,684,144.79 3,744,367.48 4,833,319.73 495,786.70

Open maturity 6,684,144.79 3,744,367.48 4,833,319.73 495,786.70

Revenue components In EUR In EUR In EUR In USD Revenue component of the fund: In absolute amount 9,751.39 4,512.26 8,658.72 962.80 In % of gross revenue 60% 60% 60% 60% Revenue component of third parties* In absolute amount 6,500.93 3,008.17 5,772.48 641.87 In % of gross revenue 40% 40% 40% 40%

*Third party is Natixis Asset Management Finance, a related party of the Management Company

Page 139 NATIXIS AM Funds

General information (continued)

SFTR (SECURITIES FINANCING TRANSACTIONS AND OF REUSE REGULATION):

SECURITIES LENDING Natixis Global Natixis Euro Seeyond Equity Seeyond Europe TRANSACTIONS Convertible Bonds Value Equity Factor Minvariance Investing Europe Assets used In USD In EUR In EUR In EUR In absolute terms 1,855,903.71 8,717,950.23 2,245,963.17 61,719,275.95 As a % of lendable assets 2.52 9.86 2.64 7.92 As a % of total net asset value 2.28 9.68 2.61 7.88

Transactions classified according to residual In USD In EUR In EUR In EUR maturities Less than 1 day - - - - From 1 day to 1 week - - - - From 1 week to 1 month - - - - From 1 month to 3 months - - - - From 3 months to 1 year - - - - Above 1 year - - - - Open maturity 1,855,903.71 8,717,950.23 2,245,963.17 61,719,275.95

Collateral received In USD In EUR In EUR In EUR Type: Cash 1,864,806.54 8,709,218.86 2,262,416.41 61,257,216.21

Quality (Bond collateral issuers rating): - - - -

Currency: 1,864 806.54 8,709,218.86 2,262,416.41 61,257,216.21

Open maturity 1,864 806.54 8,709,218.86 2,262,416.41 61,257,216.21

Revenue components In USD In EUR In EUR In EUR Revenue component of the fund: In absolute amount 2,038.34 12,623.78 11,705.48 5,921.18 In % of gross revenue 60% 60% 60% 60% Revenue component of third parties* In absolute amount 1,358.89 8,415.85 7,803.65 3,947.45 In % of gross revenue 40% 40% 40% 40%

*Third party is Natixis Asset Management Finance, a related party of the Management Company

Page 140 NATIXIS AM Funds

General information (continued)

SFTR (SECURITIES FINANCING TRANSACTIONS AND OF REUSE REGULATION):

SECURITIES LENDING Seeyond Global TRANSACTIONS Minvariance Assets used In EUR In absolute terms 26,199,304.82 As a % of lendable assets 8.46 As a % of total net asset value 8.39

Transactions classified according to In EUR residual maturities Less than 1 day - From 1 day to 1 week - From 1 week to 1 month - From 1 month to 3 months - From 3 months to 1 year - Above 1 year - Open maturity 26,199,304.82

Collateral received In EUR Type: 26,114,216.24 Cash

Quality (Bond collateral issuers rating): -

Currency: 26,114,216.24

Open maturity 26,114,216.24

Revenue components In EUR Revenue component of the fund: In absolute amount 16,368.12 In % of gross revenue 60% Revenue component of third parties* In absolute amount 10,912.08 In % of gross revenue 40%

*Third party is Natixis Asset Management Finance, a related party of the Management Company

Each sub-fund has Natixis Asset Management Finance as sole counterparty for securities lending positions. All transactions are bilateral transactions. There is no reuse of collateral cash.

Page 141 NATIXIS AM Funds

General information (continued)

SFTR (SECURITIES FINANCING TRANSACTIONS AND OF REUSE REGULATION):

REPURCHASE AGREEMENT Natixis Euro Natixis Euro Natixis Euro Natixis Euro Natixis Euro TRANSACTIONS Bonds Credit Short Term Inflation Aggregate Opportunities 12 Credit Months Assets used In EUR In EUR In EUR In EUR In EUR In absolute terms 14,324,000.00 13,770,269.00 92,132,730.90 5,775,025.79 70,841,322.35 As a % of total net asset value 8.18 7.36 6.91 8.15 8.84

Transactions classified according to In EUR In EUR In EUR In EUR In EUR residual maturities Less than 1 day - - - - - From 1 day to 1 week - - - - - From 1 week to 1 month - - - - - From 1 month to 3 months - - - - - From 3 months to 1 year - - - - - Above 1 year - - - - - Open maturity 14,324,000.00 13,770,269.00 92,132,730.90 5,775,025.79 70,841,322.35 Revenue components In EUR In EUR In EUR In EUR In EUR Revenue component of the fund: In absolute amount 126,740.67 37,031.72 405,551.88 26,503.85 616,878.25 In % of gross revenue 60% 60% 60% 60% 60% Revenue component of third parties* In absolute amount 84,493.78 24,687.81 270,367.92 17,669.23 411,252.17 In % of gross revenue 40% 40% 40% 40% 40%

REPURCHASE AGREEMENT Natixis Global Natixis Global TRANSACTIONS Aggregate Convertible Bonds Assets used In USD In USD In absolute terms 2,379,575.05 647,531.40 As a % of total net asset value 2.32 0.80

Transactions classified according to In USD In USD residual maturities Less than 1 day - - From 1 day to 1 week - - From 1 week to 1 month - - From 1 month to 3 months - - From 3 months to 1 year - - Above 1 year - - Open maturity 2,379,575.05 647,531.40 Revenue components In USD In USD Revenue component of the fund: In absolute amount 5,008.88 217.54 In % of gross revenue 60% 60% Revenue component of third parties* In absolute amount 3,339.25 145.03 In % of gross revenue 40% 40%

*Third party is Natixis Asset Management Finance, a related party of the Management Company

Page 142 NATIXIS AM Funds

General information (continued)

SFTR (SECURITIES FINANCING TRANSACTIONS AND OF REUSE REGULATION):

REPURCHASE AGREEMENT Natixis Euro Seeyond Equity Seeyond TRANSACTIONS Value Equity Factor Investing Europe Europe Minvariance Revenue components In EUR In EUR In EUR Revenue component of the fund: In absolute amount 3,743.09 1,603.52 854.13 In % of gross revenue 60% 60% 60% Revenue component of third parties* In absolute amount 2,495.39 1,069.01 569.42 In % of gross revenue 40% 40% 40%

REPURCHASE AGREEMENT Seeyond Global Natixis Global Emerise TRANSACTIONS Minvariance Emerging Global Bonds Emerging Equity Revenue components In EUR In USD In EUR Revenue component of the fund: In absolute amount 5,801.25 4.64 235.39 In % of gross revenue 60% 60% 60% Revenue component of third parties* In absolute amount 3,867.50 3.09 156.93 In % of gross revenue 40% 40% 40%

REVERSE Natixis Euro Natixis Euro Natixis Euro Natixis Euro Natixis Euro REPURCHASE Bonds Value Equity Aggregate Credit Inflation AGREEMENT Opportunities TRANSACTIONS 12 Months Expenditure components: In EUR In EUR In EUR In EUR In EUR Expenditure of the fund: In absolute amount 34,148.91 974.61 235,519.35 8,243.51 2,539.77 In % of gross expenditure 60% 60% 60% 60% 60% Expenditure of third

parties* In absolute amount 22,765.94 649.74 157,012.90 5,495.67 1,693.18 In % of gross revenue 40% 40% 40% 40% 40%

REVERSE Natixis Euro Seeyond Equity Seeyond Global REPURCHASE Aggregate Factor Investing Minvariance AGREEMENT Europe TRANSACTIONS Expenditure components: In EUR In EUR In EUR Expenditure of the fund: In absolute amount 235,519.35 5,145.36 1,249.40 In % of gross expenditure 60% 60% 60% Expenditure of third

parties* In absolute amount 157,012.90 3,430.24 832.93 In % of gross revenue 40% 40% 40% *Third party is Natixis Asset Management Finance, a related party of the Management Company

Each sub-fund has Caceis Bank, Luxembourg Branch as sole counterparty for reverse repurchase agreements. All transactions are bilateral transactions. There is no reuse of collateral cash.

Page 143 ADDITIONAL INFORMATION FOR INVESTORS IN THE FEDERAL REPUBLIC OF GERMANY

For the following sub-funds of Natixis AM Funds no notification for distribution in the Federal Republic of Germany was submitted and shares in these sub-funds may NOT be offered to investors within the scope of the German Investment Code (KAGB). As a consequence, the following sub-funds are NOT available to investors in Germany:

NATIXIS GLOBAL AGGREGATE NATIXIS GLOBAL BONDS ENHANCED BETA NATIXIS MULTI ASSET GLOBAL INCOME NATIXIS GLOBAL CURRENCY H2O LUX MULTIBONDS H2O LUX ALLEGRO SEEYOND EUROPE MARKET NEUTRAL

The function of the Paying and Information Agent in the Federal Republic of Germany is performed by:

CACEIS Bank, Germany Branch Lilienthalallee 34 - 36, D-80939 Munich, Germany

(hereinafter: German Paying and Information Agent)

Applications for the redemptions and conversion of shares may be sent to the German Paying and Information Agent.

All payments to investors, including redemption proceeds and potential distributions may, upon request, be obtained upon request through the German Paying and Information Agent.

The following documents may be obtained, free of charge, in hardcopy form at the office of the German Paying and Information Agent:  the Prospectus,  the Key Investor Information Document,  the Articles of Association,  the current Annual and Semi-annual Reports,  the Agreement between the Fund and the Management Company,  the Agreement between the Management Company and the Investment Manager,  the Agreement between the Fund Administrator, the Management Company and CACEIS Bank, Luxembourg Branch,  the Custody Agreement between the Fund and CACEIS Bank, Luxembourg Branch,  the Luxembourg law of 17 December 2010 on undertakings for collective investments, as amended from time to time.

Pursuant to section 297 (5) of the investment code (Kapitalanlagegesetzbuch - KAGB) in conjunction with Article 63 (5) of Directive 2009/65/EC, in the case of a Master-Feeder structure, a paper copy of the prospectus and of the annual and semi-annual reports of the master UCITS will be delivered by the German Information Agent to investors on request and free of charge:

“Natixis Food and Consumer Equities” is the feeder sub-fund of the Unit M of “AAA Actions Agro Alimentaire” which is not registered in Germany.

The issue and redemption prices, the net asset value as well as any notices to investors are also available from the Paying and Information Agent CACEIS Bank, Germany Branch. In addition, the issue and redemption prices are published on www.fundinfo.com and any notices to investors in the Federal Gazette (“www.bundesanzeiger.de”).

In addition, communications to investors in the Federal Republic of Germany will be by means of a durable medium (section 167 of the Investment Code) in the following cases:  suspension of the redemption of the units,  termination of the management of the fund or its liquidation,  any amendments to the company rules which are inconstant with the previous investment principles, which affect material investor rights or which relate to remuneration and reimbursement of expenses that may be paid or made out of the asset pool,  merger of the fund with one or more other funds and  the change of the fund into a feeder fund or the modification of a master fund.