Loomis Sayles to Close Small Cap Growth Fund to New Investors

BOSTON--(BUSINESS WIRE)--Loomis, Sayles & Company announced today that a soft close will be implemented on the Loomis Sayles Small Cap Growth Fund (LCGRX) effective September 14, 2012. The Fund, co-managed by John Slavik and Mark Burns, was launched on December 31, 1996 and has $760 million in assets as of August 29. Overall strategy assets in the small cap growth discipline total $1.5 billion. The close has been initiated to preserve the investment team’s flexibility in executing the strategy. The Fund will remain open to existing shareholders, including employee benefit plan sponsors who currently hold it on their menu of investment options or are in the process of adding it. "Our small cap growth team has delivered above average performance for shareholders since assuming portfolio management responsibility in 2005 and the market has responded accordingly," stated Robert Blanding, chief executive officer of Loomis, Sayles & Co. and president of the Loomis Sayles Funds. "Ensuring that their ability to effectively serve our clients' investment needs remains uncompromised is our foremost priority." About Loomis Sayles Since 1926, Loomis, Sayles & Company, L.P. has served the investment needs of institutional and mutual fund clients. As performance-driven investors seeking exceptional opportunities, Loomis Sayles employs actively managed disciplines that combine fundamental research, systematic risk assessment and experienced portfolio management. This rich tradition has earned Loomis Sayles the trust and respect of clients worldwide, for whom it manages more than $175.5 billion in assets as of July 31, 2012. About Risk: Investing in growth stocks involves certain risks, in part, because the value of securities is based upon future expectations that may or may not be met. Small-cap stocks are subject to greater volatility and may be less liquid than stocks of larger, more established companies. Because the Fund can invest a significant percentage of assets in foreign securities the value of the Fund shares can be adversely affected by changes in currency exchange rates, political, and economic developments. In emerging markets these risks can be significant. The Fund is subject to currency risk, which is the risk that fluctuations in exchange rates between the US dollar and foreign currencies may cause the value of a Fund’s investments to decline. Funds that invest in securities denominated in, or receive revenues in, foreign currency are subject to currency risk. Accordingly, the purchase of Fund shares should be viewed as a long-term investment. Before investing, consider the fund’s investment objectives, risks, charges, and expenses. Please visit loomissayles.com or call us at 800-633-3330 for a prospectus and a summary prospectus, if available, containing this and other information. Read it carefully. NGAM Distribution, L.P. (fund distributor) and Loomis, Sayles & Company, L.P. are affiliated. 547705

Aug 29, 2012 | www.businesswire.com