Loomis Sayles Value Fund

Fund Facts:

Fund Highlights:

• A pure value fund with excess returns over time driven by stock selection
• Guided by the philosophy that "value can be found in every sector"
• Applies a flexible and multi-faceted approach to determining intrinsic value
• Managed by a veteran team with a combined investment experience of more than 70 years
• Backed by renowned Loomis Sayles research
• May be suitable for investors seeking a core large-cap value holding in a diversified portfolio

Fund Objective:

• Seeks long-term growth of capital and income

Investment Strategy:

• Following a bottom-up, fundamental process, the fund managers invest in companies that they believe are selling at a significant discount to intrinsic value.
• The managers look across all sectors for companies that are undervalued by the market in relation to earnings, dividends, assets, and growth prospects.
• Security selection is the prime driver of return.

Risks:

• Value investing can fall out of favor with investors and may underperform growth stocks during certain market conditions.
• 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.

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	-1.66%	-9.58%	0.10%	2.53%	7.21%	06/30/2006
w/MSC	-7.34%	-11.34%	-1.08%	1.93%	6.88%	06/30/2006

Quarterly Performance (as of 06/30/2010)
	1 YR	3 YR	5 YR	10 YR	Since Inception	Share Class Inception Date
NAV	9.62%	-10.82%	0.82%	3.09%	7.23%	06/30/2006
w/MSC	3.32%	-12.56%	-0.36%	2.48%	6.90%	06/30/2006

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	N/A

Fund Managed by:

• 

Fund portfolio managers:

Information as of the most recent prospectus

• Loomis, Sayles & Company

  James Carroll, CFA

  James L. Carroll has co-managed the Loomis Sayles Value Fund since November 2002. Mr. Carroll, Vice President of Loomis Sayles, began his investment career in 1974 and joined the firm in 1996. Mr. Carroll received a BA and an MBA from Wayne State University. He holds the designation of Chartered Financial Analyst and has over 35 years of investment experience.

• Loomis, Sayles & Company

  Warren N. Koontz, CFA

  Warren N. Koontz has managed the domestic equity securities sector and international equity securities sector of the Loomis Sayles Global Markets Fund since 2004 and co-managed the Loomis Sayles Value Fund since June 2000. Mr. Koontz, Vice President of Loomis Sayles, began his investment career in 1984 and joined Loomis Sayles in 1995. Mr. Koontz received a BS and an MBA from Ohio State University. He holds the designation of Chartered Financial Analyst and has over 26 years of investment experience.

• Loomis, Sayles & Company

  Arthur Barry, CFA

  Arthur Barry has co-managed the Loomis Sayles Value Fund since July 2005. Mr. Barry, Vice President of Loomis Sayles, began his investment career in 1994 and joined the firm in 2005. Prior to joining Loomis Sayles, Mr. Barry was a Senior Vice President and Portfolio Manager at State Street Research & Management Company from November 2003 to January 2005 and Senior Portfolio Manager at INVESCO Capital Management from April 2001 to May 2003. Mr. Barry received a B.S. from Lehigh University and an M.B.A. from Carnegie Mellon University. He holds the designation of Chartered Financial Analyst and has over 15 years of investment management experience.

Fees & Expenses

Information as of the most recent prospectus

Expense Ratio
Gross expense ratio	1.06%
Net expense ratio	1.06%
Contract status	Contractual
Expense cap expiration date	01/31/2011

Maximum Sales Charge
Up front	5.75%

Fund History

Date: 02/01/10

The addition of Admin Class shares became effective with the SEC.

Literature & Commentary

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

Commentary and Marketing Materials
Fact Sheet Share Class A/C
Fact Sheet Share Class Y