Loomis Sayles Small/Mid Cap Growth Fund (LSMIX) Diversifiers

The investment seeks long-term capital growth from investments in common stocks or other equity securities. The fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in the equity securities of "small/mid-cap companies," including preferred stocks, warrants and securities convertible into common or preferred stocks. The adviser defines a small/mid-cap company to be one whose market capitalization either falls within the capitalization range of the Russell 2500 Index, an index that tracks some or all of the stocks of the 2,500 of the smallest U.S. companies, or is $7 billion or less at the time of investment.