Loomis Sayles Core Plus Bond Fund

Fund Facts:

Fund Highlights:

• Invests mainly in government bonds, corporate bonds and agency pass-throughs with the flexibility to invest up to 20% of its portfolio in high yield and non-dollar securities
• Portfolio is structured to be benchmark-aware as one means of risk management
• Management team backed by renowned Loomis Sayles research
• May be suitable for investors seeking a diversified core fixed-income portfolio with the potential to generate excess returns

Fund Objective:

• Seeks high total investment return through a combination of current income and capital appreciation

Investment Strategy:

• Has the flexibility to invest up to 20% into high yield, non-dollar and emerging market debt.
• The fund invests primarily in quality corporate and U.S. government bonds, generally maintaining an average effective maturity of ten years or less.
• Portfolios are structured with benchmark-aware risk and return objectives.
• Tactical investments in non-benchmark sectors are a key source of potential return.
• Portfolio construction is driven by bottom-up security selection and top-down macroeconomic analysis.
• We believe the resulting portfolio is well diversified and positioned to generate strong long-term risk-adjusted investment performance.

Risks:

• Mutual funds that invest in bonds can lose their value as interest rates rise, and an investor can lose principal.
• Because the fund can invest a significant percentage of assets in debt securities that are rated below investment grade, the value of fund shares can be adversely affected by changes in economic conditions or other circumstances. These events could reduce or eliminate the capacity of issuers of these securities to make principal and interest payments.
• Lower-rated debt securities have speculative characteristics because of the credit risk of their issuers and may be subject to greater price volatility than higher-rated investments. In addition, the secondary market for these securities may lack liquidity which, in turn, may adversely affect the value of these securities and that of the fund.
• Because the fund can invest a significant percentage of assets in foreign securities, the value of the fund shares can be adversely affected by changes in currency exchange rates, political, and economic developments. In emerging markets these risks can be significant. 
• The fund is subject to currency risk, which is the risk that fluctuations in exchange rates between the U.S. dollar and foreign currencies may cause the value of a fund’s investments to decline. Funds that invest in securities denominated in, or receive revenues in, foreign currency are subject to currency risk. Accordingly, the purchase of fund shares should be viewed as a long-term investment.

Performance:

Please refer to the Fees & Expenses tab to the left for more information.

Monthly Performance (as of 08/31/2010)
	1 YR	3 YR	5 YR	10 YR	Since Inception	Share Class Inception Date
NAV	13.23%	9.85%	7.39%	6.50%	7.52%	11/07/1973
w/MSC	8.16%	8.17%	6.41%	6.01%	7.38%	11/07/1973

Quarterly Performance (as of 06/30/2010)
	1 YR	3 YR	5 YR	10 YR	Since Inception	Share Class Inception Date
NAV	14.82%	9.26%	6.77%	6.31%	7.45%	11/07/1973
w/MSC	9.66%	7.61%	5.80%	5.82%	7.31%	11/07/1973

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may gain or loss when shares are sold. Current performance may be higher or lower than quoted.

Important Performance Information

Holdings:

Available Downloads	PDF
Full Holdings
Top 10 Holdings
Sector Allocation

Fund Managed by:

• 

Fund portfolio managers:

Information as of the most recent prospectus

• Loomis, Sayles & Company

  Peter W. Palfrey, CFA

  Peter W. Palfrey has served as co-portfolio manager of the Loomis Sayles Core Plus Bond Fund since May 1996 (including service until May 2001 with Back Bay Advisors, the former subadviser of the Core Plus Bond Fund). Mr. Palfrey, Portfolio Manager and Vice President of Loomis Sayles, began his investment career in 1983 and joined Loomis Sayles in 2001. He received his BA from Colgate University and has over 25 years of investment experience.

• Loomis, Sayles & Company

  Richard G. Raczkowski

  Richard G. Raczkowski has served as a co-portfolio manager of the Loomis Sayles Core Plus Bond Fund since May 1999 (including service until May 2001 with Back Bay Advisors, the former subadviser of the Core Plus Bond Fund). Mr. Raczkowski, Portfolio Manager and Vice President of Loomis Sayles, began his investment career in 1985 and joined Loomis Sayles in 2001. He received a BA from the University of Massachusetts and an MBA from Northeastern University and has over 19 years of investment experience.

Fees & Expenses

Information as of the most recent prospectus

Expense Ratio
Gross expense ratio	0.97%
Net expense ratio	0.90%
Contract status	Contractual
Expense cap expiration date	01/31/2011

Maximum Sales Charge
Up front	4.50%

Fund History

Date: Since: 1/1/2009

No fund history available.

Literature & Commentary

Fund Documents
Summary Prospectus Share Class A/B/C
Prospectus Share Class A/B/C
Summary Prospectus Share Class Y
Prospectus Share Class Y
SAI
Annual Report
Semiannual Report

Commentary and Marketing Materials
Fact Sheet Share Class A/C