LOOMIS SAYLES GLOBAL EQUITY AND INCOME FUND

Supplement dated September 30, 2016, to the Loomis Sayles Global Equity and Income Fund Prospectus and Statement of Additional Information, dated February 1, 2016, as may be revised and supplemented from time to time.

Effective September 30, 2016, the MSCI All Country World Index will replace the MSCI World Index as the primary benchmark for Loomis Sayles Global Equity and Income Fund (the “Fund”) and a blended index composed of 60% MSCI All Country World Index and 40% Bloomberg Barclays Global Aggregate Bond Index will replace the Citigroup World Government Bond Index as the Fund’s secondary benchmark.

Effective September 30, 2016, the first paragraph within the section “Risk/Return Bar Chart and Table” in the Fund’s Prospectus is amended and restated as follows:

The bar chart and table shown below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year-to-year and by showing how the Fund’s average annual returns for the one-year, five-year and ten-year periods compare to those of three broad measures of market performance. The Blended Index is an unmanaged, blended index composed of the following weights: 60% MSCI All Country World Index (Net) and 40% Bloomberg Barclays Global Aggregate Bond Index. The two indices composing the Blended Index measure, respectively, the performance of global equity securities and global investment grade fixed income securities. The Fund’s past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available online at ngam.natixis.com and/or by calling the Fund toll-free at 800-225-5478.

Effective September 30, 2016, the “Average Annual Total Returns” table within the section “Risk/Return Bar Chart and Table” in the Fund’s Prospectus is amended and restated as follows:

Average Annual Total Returns (for the periods ended December 31, 2015)	Past 1 Year			Past 5 Years			Past 10 Years
Class Y – Return Before Taxes		1.69	%		7.01	%		7.59	%
Return After Taxes on Distributions		0.32	%		6.01	%		6.62	%
Return After Taxes on Distributions & Sale of Fund Shares		1.99	%		5.38	%		5.90	%
Class A – Return Before Taxes		-4.32	%		5.50	%		6.70	%
Class C – Return Before Taxes		-0.24	%		5.96	%		6.53	%
MSCI All Country World Index (“ACWI”) (Net)1		-2.36	%		6.09	%		4.76	%
MSCI World Index		-0.32	%		8.19	%		5.56	%
Blended Index		-2.47	%		4.16	%		4.65	%

¹ Effective September 30, 2016, the MSCI ACWI (Net) replaced the MSCI World Index as the Fund’s primary benchmark because the Fund believes the MSCI ACWI (Net), an index which is designed to measure the equity market performance of both developed and emerging markets, is more

representative of the Fund’s investment strategy and geographical exposure. It is not possible to invest directly in an index.

Effective September 30, 2016, the “Manager Benchmark” for the Fund in the “Equity Funds’ Portfolio Managers” subsection within the section “Portfolio Managers’ Compensation” in the Fund’s SAI is amended and restated as follows:

FUND	MANAGER BENCHMARK
Loomis Sayles Global Equity and Income Fund	MSCI All Country World Index (Net) Blended Index (60% MSCI All Country World Index (Net)/40% Bloomberg Barclays Global Aggregate Bond Index)