Form NPORT-P Natixis Funds Trust II For: Mar 31

May 24, 2022 2:11 PM EDT

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    NPORT-P
    false
    
      
      
        
          0000052136
          XXXXXXXX
        
      
      
      
      
        S000039535
        C000121923
        C000121924
        C000121922
      
      
      
    
  
  
    
      Natixis Funds Trust II
      811-00242
      0000052136
      R4B5ZXLI2IMIOWT67V76
      888 BOYLSTON STREET
      Suite 800
      BOSTON
      
      02199-8197
      617-449-2810
      Loomis Sayles Intermediate Municipal Bond Fund
      S000039535
      549300SVNEULES5WRW78
      2022-12-31
      2022-03-31
      Y
    
    
      7009046.52
      114342.78
      6894703.74
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      
        
          USD
          
          
        
      
      
      
      N
      
        
          
          
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        New York State Dormitory Authority
        549300C8XO7EXTX2XU71
        NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE
        64990FPR9
        
          
        
        200000.00000000
        PA
        USD
        211988.42000000
        3.074655967741
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-02-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bay County School Board
        N/A
        BAY CNTY FL SCH BRD COPS
        072231FE8
        
          
        
        340000.00000000
        PA
        USD
        402855.90000000
        5.842976220469
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-07-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Port of Portland OR Airport Revenue
        N/A
        PORT OF PORTLAND OR ARPT REVENUE
        735240P31
        
          
        
        230000.00000000
        PA
        USD
        260101.43000000
        3.772481600492
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-07-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Washoe County School District/NV
        N/A
        WASHOE CNTY NV SCH DIST
        940859HL8
        
          
        
        200000.00000000
        PA
        USD
        219463.00000000
        3.183066427158
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-10-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lower Colorado River Authority
        549300QJFPW2NNBYR215
        LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE
        54811BUP4
        
          
        
        300000.00000000
        PA
        USD
        349892.49000000
        5.074800936987
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-05-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        County of Laramie WY
        N/A
        LARAMIE CNTY WY HOSP REVENUE
        516706DF2
        
          
        
        275000.00000000
        PA
        USD
        302667.78000000
        4.389859106549
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-05-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fixed Income Clearing Corp
        549300H47WTHXPU08X20
        FIXED INC CLEARING CORP.REPO
        000000000
        
          
        
        706140.25000000
        PA
        USD
        706140.25000000
        10.24177798827
        Long
        RA
        CORP
        US
        N
        
        2
        
          Repurchase
          
          N
          0.00000000
          2022-04-01
          
            
              577800.00000000
              USD
              720354.25000000
              USD
              UST
            
          
        
        
          N
          N
          N
        
      
      
        County of Sarasota FL Utility System Revenue
        N/A
        SARASOTA CNTY FL UTILITY SYS REVENUE
        803321QF8
        
          
        
        225000.00000000
        PA
        USD
        258643.82000000
        3.751340590596
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-10-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        County of Clay FL Sales Surtax Revenue
        N/A
        CLAY CNTY FL SALES SURTAX REVENUE
        183251AU1
        
          
        
        200000.00000000
        PA
        USD
        214086.68000000
        3.105088892477
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-10-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ohio Housing Finance Agency
        549300K10X7VPG6JVX38
        OHIO ST HSG FIN AGY RSDL MTGEREVENUE
        67756QT64
        
          
        
        200000.00000000
        PA
        USD
        182742.54000000
        2.650477045733
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-09-01
          Fixed
          2.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Delaware Municipal Electric Corp/The
        549300YTTTN4102GXK87
        DELAWARE ST MUNI ELEC CORP REVENUE
        246154DH8
        
          
        
        225000.00000000
        PA
        USD
        260037.92000000
        3.771560458665
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-07-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Idaho Health Facilities Authority
        549300X43KY1C2WW0J97
        IDAHO ST HLTH FACS AUTH REVENUE
        451295C49
        
          
        
        250000.00000000
        PA
        USD
        269686.63000000
        3.911504252683
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-03-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        North Dakota Building Authority
        N/A
        NORTH DAKOTA ST BLDG AUTH REVENUE
        658905EQ3
        
          
        
        350000.00000000
        PA
        USD
        422741.90000000
        6.131400505977
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-12-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Allegheny County Higher Education Building Authority
        N/A
        ALLEGHENY CNTY PA HGR EDU BLDG AUTH UNIV REVENUE
        01728RKU2
        
          
        
        270000.00000000
        PA
        USD
        288872.06000000
        4.189767550476
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-03-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Greater Orlando Aviation Authority
        549300CP6PUG5S184F61
        GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE
        3922742D7
        
          
        
        240000.00000000
        PA
        USD
        250334.33000000
        3.630820691361
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-10-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Douglas County Hospital Authority No 2
        N/A
        DOUGLAS CNTY NE HOSP AUTH #2
        259230NU0
        
          
        
        250000.00000000
        PA
        USD
        296189.15000000
        4.295893792820
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-11-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Weber Basin Water Conservancy District
        549300FO1ZUV2HMQR857
        WEBER BASIN UT WTR CONSERVANCY DIST WTR REVENUE
        947628GH0
        
          
        
        250000.00000000
        PA
        USD
        273468.60000000
        3.966357516037
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2040-04-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        North Carolina Agricultural & Technical State University
        N/A
        NORTH CAROLINA ST AGRIC & TECH UNIV
        658187HB8
        
          
        
        400000.00000000
        PA
        USD
        416739.08000000
        6.044336286449
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2045-10-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Minnesota Housing Finance Agency
        549300R89XDTQBK4GE22
        MINNESOTA ST HSG FIN AGY
        60416TDD7
        
          
        
        380000.00000000
        PA
        USD
        357956.24000000
        5.191756651171
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-01-01
          Fixed
          1.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Las Vegas Convention & Visitors Authority
        N/A
        LAS VEGAS NV NEW CONVENTION & VISITORS AUTH REVENUE
        517704GD8
        
          
        
        240000.00000000
        PA
        USD
        253102.22000000
        3.670965853566
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-07-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wisconsin Health & Educational Facilities Authority
        549300ISNGXS0VHGVD41
        WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE
        97712DMC7
        
          
        
        225000.00000000
        PA
        USD
        241543.91000000
        3.503325438026
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-08-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        County of Buncombe NC
        N/A
        BUNCOMBE CNTY NC LTD OBLIG
        120525HG8
        
          
        
        180000.00000000
        PA
        USD
        197448.55000000
        2.863771344582
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-06-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Mexico Hospital Equipment Loan Council
        N/A
        NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE
        647370KE4
        
          
        
        250000.00000000
        PA
        USD
        288658.05000000
        4.186663573741
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-06-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      
      
    
    
      2022-05-24
      Natixis Funds Trust II
      John Sgroi
      John Sgroi
      Assistant Treasurer
    
  
  XXXX



PORTFOLIO OF INVESTMENTS – as of March 31, 2022 (Unaudited)

Loomis Sayles Intermediate Municipal Bond Fund

 

Principal
Amount

    

Description

   Value (†)  
 

Bonds and Notes – 90.2% of Net Assets

  
 

Municipals – 90.2%

  
  

Delaware – 3.8%

  
$ 225,000     

Delaware Municipal Electric Corp. Revenue, Beasley Power Station Project, Refunding,

5.000%, 7/01/2028

   $ 260,038  
     

 

 

 
  

Florida – 16.3%

  
  340,000     

Bay County School Board, Certificate of Participation, Series A, (AGM Insured),

5.000%, 7/01/2033

     402,856  
  200,000     

Clay County, Sales Surtax Revenue,

4.000%, 10/01/2039

     214,087  
  240,000     

Greater Orlando Aviation Authority, Series A, AMT,

4.000%, 10/01/2039

     250,334  
  225,000     

Sarasota County Utility System Revenue, Series A,

5.000%, 10/01/2027

     258,644  
     

 

 

 
        1,125,921  
     

 

 

 
  

Idaho – 3.9%

  
  250,000     

Idaho Health Facilities Authority, Series A,

4.000%, 3/01/2035

     269,687  
     

 

 

 
  

Minnesota – 5.2%

  
  380,000     

Minnesota Housing Finance Agency, Revenue Bonds, Series A, AMT,

1.350%, 1/01/2027

     357,956  
     

 

 

 
  

Nebraska – 4.3%

  
  250,000     

Douglas County Hospital Authority No. 2, Series A,

5.000%, 11/15/2030

     296,189  
     

 

 

 
  

Nevada – 6.8%

  
  240,000     

Las Vegas Convention & Visitors Authority, Refunding, Series C,

5.000%, 7/01/2032

     253,102  
  200,000     

Washoe County School District, GO, Series A,

5.000%, 10/01/2025

     219,463  
     

 

 

 
        472,565  
     

 

 

 
  

New Mexico – 4.2%

  
  250,000     

New Mexico Hospital Equipment Loan Council Revenue,

5.000%, 6/01/2029

     288,658  
     

 

 

 
  

New York – 3.1%

  
  200,000     

New York State Dormitory Authority, Series D,

4.000%, 2/15/2038

     211,988  
     

 

 

 
  

North Carolina – 8.9%

  
  180,000     

Buncombe County, Limited Obligation, Revenue, Series A,

4.000%, 6/01/2034

     197,449  
  400,000     

North Carolina Agricultural & Technical University System Revenue, Series A,

4.000%, 10/01/2045

     416,739  
     

 

 

 
        614,188  
     

 

 

 


Principal
Amount

    

Description

   Value (†)  
 

Municipals – continued

  
  

North Dakota – 6.1%

  
$ 350,000     

North Dakota Building Authority, Series A,

5.000%, 12/01/2030

   $ 422,742  
     

 

 

 
  

Ohio – 2.6%

  
  200,000     

Ohio Housing Finance Agency, Series A,

2.450%, 9/01/2037

     182,743  
  

Oregon – 3.8%

  
  230,000     

Port of Portland, Airport Revenue, Portland International Airport, Series 25-B,

5.000%, 7/01/2028

     260,101  
     

 

 

 
  

Pennsylvania – 4.2%

  
  270,000     

Allegheny County Higher Education Building Authority, Refunding, Series A,

5.000%, 3/01/2029

     288,872  
     

 

 

 
  

Texas – 5.1%

  
  300,000     

Lower Colorado River Authority, Refunding,

5.000%, 5/15/2030

     349,892  
  

Utah – 4.0%

  
  250,000     

Weber Basin Water Conservancy District, Revenue Bonds, Series A,

4.000%, 4/01/2040

     273,469  
     

 

 

 
  

Wisconsin – 3.5%

  
  225,000     

Wisconsin Health & Educational Facilities Authority Revenue, Aspirus, Inc. Obligated Group, Refunding, Series A,

5.000%, 8/15/2031

     241,544  
     

 

 

 
  

Wyoming – 4.4%

  
  275,000     

Laramie County, Cheyenne Regional Medical Center Project, Hospital Revenue, Refunding,

4.000%, 5/01/2033

     302,668  
     

 

 

 
  

Total Bonds and Notes

(Identified Cost $6,506,755)

     6,219,221  
     

 

 

 
 

Short-Term Investments – 10.2%

  
  706,140     

Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/2022 at 0.000% to be repurchased at $706,140 on 4/01/2022 collateralized by $577,800 U.S. Treasury Bond, 4.250% due 11/15/2040 valued at $720,354 including accrued interest(a)

(Identified Cost $706,140)

     706,140  
     

 

 

 
  

Total Investments – 100.4%

(Identified Cost $7,212,895)

     6,925,361  
  

Other assets less liabilities – (0.4)%

     (26,277
     

 

 

 
  

Net Assets – 100.0%

   $ 6,899,084  
     

 

 

 


(†)

Fund securities and other investments are valued at market value based on market quotations obtained or determined by independent pricing services recommended by the adviser or sub-adviser and approved by the Board of Trustees. Fund securities and other investments for which market quotations are not readily available are valued at fair value as determined in good faith by the adviser or sub-adviser pursuant to procedures approved by the Board of Trustees, as described below. Market value is determined as follows:

Debt securities and unlisted preferred equity securities are valued based on evaluated bids furnished to the Fund by an independent pricing service or bid prices obtained from broker-dealers.

Listed equity securities (including shares of closed-end investment companies and exchange-traded funds) are valued at the last sale price quoted on the exchange where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent pricing service. Securities traded on the NASDAQ Global Select Market, NASDAQ Global Market and NASDAQ Capital Market are valued at the NASDAQ Official Closing Price (“NOCP”), or if lacking an NOCP, at the most recent bid quotations on the applicable NASDAQ Market. Unlisted equity securities (except unlisted preferred equity securities) are valued at the last sale price quoted in the market where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent pricing service. If there is no last sale price or closing bid quotation available, unlisted equity securities will be valued using evaluated bids furnished by an independent pricing service, if available.

Broker-dealer bid prices may be used to value debt and unlisted equity securities where an independent pricing service is unable to price a security or where an independent pricing service does not provide a reliable price for the security.

Fund securities and other investments for which market quotations are not readily available are valued at fair value as determined in good faith by the adviser or sub-adviser pursuant to procedures approved by the Board of Trustees. The Fund may also value securities and other investments at fair value in other circumstances such as when extraordinary events occur after the close of a foreign market but prior to the close of the New York Stock Exchange. This may include situations relating to a single issuer (such as a declaration of bankruptcy or a delisting of the issuer’s security from the primary market on which it has traded) as well as events affecting the securities markets in general (such as market disruptions or closings and significant fluctuations in U.S. and/or foreign markets). When fair valuing its securities or other investments, the Fund may, among other things, use modeling tools or other processes that may take into account factors such as securities or other market activity and/or significant events that occur after the close of the foreign market and before the time the Fund’s net asset value (“NAV”) is calculated. Fair value pricing may require subjective determinations about the value of a security, and fair values used to determine the Fund’s NAV may differ from quoted or published prices, or from prices that are used by others, for the same securities. In addition, the use of fair value pricing may not always result in adjustments to the prices of securities held by the Fund.

 

(a)

The Fund may enter into repurchase agreements, under the terms of a Master Repurchase Agreement, under which the Fund acquires securities as collateral and agrees to resell the securities at an agreed upon time and at an agreed upon price. It is the Fund’s policy that the market value of the collateral for repurchase agreements be at least equal to 102% of the repurchase price, including interest. Certain repurchase agreements are tri-party arrangements whereby the collateral is held in a segregated account for the benefit of the Fund and on behalf of the counterparty. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays or restrictions upon the Fund’s ability to dispose of the underlying securities. As of March 31, 2022, the Fund had an investment in a repurchase agreement for which the value of the related collateral exceeded the value of the repurchase agreement.

AGM

Assured Guaranty Municipal Corporation

AMT

Alternative Minimum Tax

GO

General Obligation


Fair Value Measurements

In accordance with accounting standards related to fair value measurements and disclosures, the Fund has categorized the inputs utilized in determining the value of the Fund’s assets or liabilities. These inputs are summarized in the three broad levels listed below:

 

   

Level 1 — quoted prices in active markets for identical assets or liabilities;

 

   

Level 2 — prices determined using other significant inputs that are observable either directly, or indirectly through corroboration with observable market data (which could include quoted prices for similar assets or liabilities, interest rates, credit risk, etc.); and

 

   

Level 3 — prices determined using significant unobservable inputs when quoted prices or observable inputs are unavailable such as when there is little or no market activity for an asset or liability (unobservable inputs reflect the Fund’s own assumptions in determining the fair value of assets or liabilities and would be based on the best information available).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund’s investments as of March 31, 2022, at value:


Asset Valuation Inputs

 

Description

         Level 1            Level 2            Level 3            Total  

Bonds and Notes*

   $ —        $ 6,219,221      $ —        $ 6,219,221  

Short-Term Investments

     —          706,140        —          706,140  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ —        $ 6,925,361      $ —        $ 6,925,361  
  

 

 

    

 

 

    

 

 

    

 

 

 

*  Details of the major categories of the Fund’s investments are reflected within the Portfolio of Investments.

   


Subsequent Event

On March 7, 2022 the Board of Trustees approved a plan to liquidate the Fund. The liquidation will take place on or about April 28, 2022.


Industry Summary at March 31, 2022 (Unaudited)

Hospitals

     20.3

Appropriation

     14.8  

Higher Education

     10.2  

Single Family Hsg

     7.8  

Water and Sewer

     7.8  

Airports

     7.4  

Combined Utilities

     5.1  

Electric Public Power

     3.8  

Miscellaneous Tax

     3.6  

School District

     3.2  

Sales Tax

     3.1  

Income Tax Financing

     3.1  

Short-Term Investments

     10.2  
  

 

 

 

Total Investments

     100.4  

Other assets less liabilities

     (0.4
  

 

 

 

Net Assets

     100.0
  

 

 

 


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