In 1951, marking the 25th anniversary of the founding of Loomis, Sayles & Company, Robert H. Loomis sent a clear message to all clients. Click here to read. Exactly 60 years later, I echo the words of our founder when he said, "we wish to express our gratitude and appreciation to those who, through these difficult years, have helped us to the success we have enjoyed. We look to the future with humility but with confidence."

The biggest difference in today's world is that our pace is faster and our playing field is larger. Given this scenario, our job at Loomis Sayles is to keep a laser-like “eye on the ball” particularly during times of uncertainty and volatility, where both risk and opportunity reside.

My goal is to ensure that Loomis Sayles remains a broad-based, house of excellence trusted by our clients and recognized for our record of:

• Attracting and retaining exceptional investment professionals
• Providing caring, highly ethical and informative services to our clients
• Producing strong investment performance across our full stable of products

The last five years have been a time of tremendous innovation for us. We have grabbed hold of opportunities presented by market upheaval to unearth some tremendous investments, build off our base and empower people to construct and test new capabilities. By integrating these with existing capabilities, (quantitative research, deeper risk analysis, greater macro-economic firepower, absolute return-oriented strategies and securitized capabilities), I believe we are a better investment firm than ever.

The investments we have made to develop diversified capabilities and products, across a full spectrum of domestic and global equity and fixed income disciplines have given us the agility and perspective to navigate market volatility as it ebbs and flows. Importantly, over the last three years, these investments have paid off for our investors with over 85%* of our assets under management having outperformed their benchmarks for the three year period ending 12/31/2010.

On behalf of the 534 Loomis Sayles employees, thank you for placing your confidence in us. From my personal vantage point, I am more confident than ever about the future of our company and the skills and passion of our people to deliver excellence in their work. We look forward to serving your investment needs as we face the ever-changing future together.

* Represents the percentage of assets under management of all Loomis Sayles accounts with at least a 3 year history whose performance net of portfolio management fees as measured by Loomis Sayles was in excess of the accounts' chosen benchmarks for the three year period ending December 31, 2010.

Investing involves risks including the risk of possible loss of principal.