Fixed Income Mutual Funds
OVERVIEW PERFORMANCE MONTHLY CHARACTERISTICS QUARTERLY CHARACTERISTICS
Fixed Income Fund

The Fixed Income Fund seeks to generate superior, long-term, risk-adjusted investment performance relative to the Barclays Capital US Government/Credit Bond Index

Portfolio Management

Daniel J. Fuss, CFA, CIC
Matthew Eagan, CFA
Kathleen C. Gaffney, CFA
Elaine M. Stokes

Total Fund Assets (as of 07/31/2010): $790.9 million

Lipper Category: Corporate Debt Funds BBB-Rated

Morningstar Category: Multisector Bond

Primary Benchmark: Barclays Capital US Government/Credit Bond Index

Goal: Seeks high total investment return

Strategy Highlights
  • Value driven, bottom up, opportunistic approach
  • Allocations to out-of-benchmark securities provide value and diversification
  • Long term investment horizon
Investment Strategy
  • Invests at least 80% of assets in fixed income securities
  • May invest up to 35% of assets in lower-rated fixed income securities
  • May invest up to 20% of assets in preferred stocks
  • May invest up to 20% of assets in foreign securities, including emerging markets
  • May invest any portion of its assets in securities of Canadian issuers
About Risk
  • Mutual funds that invest in bonds can lose their value as interest rates rise and bond prices usually fall; investor can lose principal
  • High yield securities are subject to a high degree of market and credit risk. 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
  • Foreign investments involve special risks including greater economic, political and currency fluctuation risks, which may be even greater in emerging markets
  • Securities issued by US Government agencies are not insured, and may not be guaranteed by the US Government
FUND FACTS as of 07/31/2010
Fixed Income Fund
Ticker LSFIX
Fund Inception 1/17/1995
Class Inception 3/7/1997
CUSIP 543495501
Minimum Initial Investment1 $3,000,000
Gross Expense Ratio2 0.58%
Net Expense Ratio2 0.58%
Net Asset Value as of 07/31/2010 13.68
30-Day SEC Yield as of 07/31/2010 4.85%
Fact Sheet Prospectus
Commentary Fund Report
Fund Application  
Investment return and principal value may fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance data quoted represents past performance and current returns may be higher or lower. Past performance is no guarantee of future results.
1 For further detail regarding Minimum Initial Investment, please see the fund prospectus.

2 Unlike net expense ratio, gross expense ratio does not reflect any potential reimbursement/waiver of expenses, if any, as stated in the most recent Fund prospectus. Fund expenses and expense reductions are subject to change. Expense reductions are contractual and are set to expire 1/31/2011. Investors should consult the most recent prospectus for more detailed information.

The Barclays Capital US Government/Credit Bond Index includes Treasurys (public obligations of the US Treasury that have remaining maturities of more than one year) and agencies (publicly issued debt of US government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the US government) as well as other publicly issued investment grade corporate and foreign debentures that meet specified maturity, liquidity, and quality requirements. Indexes are unmanaged, do not incur fees and it is not possible to invest directly in an index
Before investing, consider the fund's investment objectives, risks, charges, and expenses. You may obtain a prospectus or a summary prospectus, if available, containing this and other information on this web site. Read it carefully.

Natixis Distributors, L.P. (fund distributor) and Loomis, Sayles & Company L.P. are affiliated.