Loomis Sayles Funds I

497 1 d497.htm LOOMIS SAYLES FUNDS I Loomis Sayles Funds I

LOOMIS SAYLES HIGH INCOME OPPORTUNITIES FUND

LOOMIS SAYLES SECURITIZED ASSET FUND

LOOMIS SAYLES INVESTMENT GRADE BOND FUND – CLASS J SHARES

Supplement dated July 1, 2009, to the Loomis Sayles High Income Opportunities Fund and Loomis Sayles Securitized Asset Fund Statement of Additional Information, dated February 1, 2009, and the Loomis Sayles Investment Grade Bond Fund Class J Statement of Additional Information dated February 1, 2009, as each may be revised or supplemented from time to time.

Effective as of the date of this supplement, Wendell J. Knox has been appointed as an Independent Trustee to the Board of Trustees for the Natixis Funds, Loomis Sayles Funds and Hansberger International Series. Accordingly, the following is hereby added to the table located in the sub-section “Trustees and Officers” within the section “Management of the Fund(s)”:

Name and Year of

Birth

Position(s) Held with the
Trust, Length of Time
Served and Term of
Office*

Principal Occupation(s)

During Past 5 Years**

Number of Portfolios in Fund
Complex Overseen*** and
Other Directorships Held

Wendell J. Knox
(1948)

Trustee

Since 2009

Contract Review and
Governance Committee
Member

President and CEO of Abt Associates Inc. (research and consulting)

Director, Eastern Bank (commercial bank); Director, The Hanover Insurance Group (property and casualty insurance); Director, Greater Boston Chamber of Commerce; Director, The Efficacy Institute (non-profit education)

Each Trustee serves until retirement, resignation or removal from the Board of Trustees. The current retirement age is 72. The position of Chairperson of the Board is appointed for a two-year term. Ms. Moose was appointed to serve an additional two year term as the Chairperson of the Board of Trustees on September 14, 2007.

Each person listed above, except as noted, holds the same position(s) with the Natixis Funds Trust I, Natixis Funds Trust II, Natixis Funds Trust III, Natixis Funds Trust IV, Gateway Trust and Natixis Cash Management Trust (collectively, the “Natixis Funds Trusts”), Loomis Sayles Funds I and Loomis Sayles Funds II (collectively, the “Loomis Sayles Funds Trusts”), and Hansberger International Series. Previous positions during the past five years with Natixis Distributors, L.P. (the “Distributor”), Natixis Asset Management Advisors, L.P. (“Natixis Advisors”), or Loomis, Sayles & Company, L.P. are omitted if not materially different from a Trustee’s or officer’s current position with such entity.

***	The Trustees of the Trust serve as trustees of a fund complex that includes all series of the Natixis Funds Trusts, the Loomis Sayles Funds Trusts and Hansberger International Series (collectively, the “Fund Complex”).

Effective as of the date of this supplement, Wendell J. Knox became a member of the Contract Review and Governance Committee and Kenneth A. Drucker became a member of the Audit Committee. Accordingly, the list of the members of the Contract Review and Governance Committee and the Audit Committee in the sub-section “Standing Board Committees” within the section “Management of the Funds(s)” is hereby replaced with the following:


Audit Committee		Contract Review and Governance Committee
Daniel M. Cain – Chairman		Edward A. Benjamin – Chairman
Kenneth A. Drucker		Graham T. Allison, Jr.
Cynthia L. Walker		Charles D. Baker
		Wendell J. Knox

As of December 31, 2008, Mr. Knox did not own shares of any Fund overseen by the Board of Trustees for the Natixis Funds, Loomis Sayles Funds and Hansberger International Series.

LOOMIS SAYLES INSTITUTIONAL FUNDS

LOOMIS SAYLES RETAIL FUNDS

Supplement dated July 1, 2009, to the Loomis Sayles Institutional Funds and Loomis Sayles Retail Funds Statements of Additional Information (“SAI”), each dated February 1, 2009, as each may be revised or supplemented from time to time.

Name and Year of
Birth

Position(s) Held with the
Trust(s), Length of Time
Served and Term of
Office*