EX-99.77D POLICIES

SUB-ITEM 77D:  Policies with Respect to
Security Investments


Effective at the close of business on July 18,
2016, with respect to the Loomis Sayles
Dividend Income Fund
Under normal market conditions, the Fund will
invest at least 80% of its assets in income-
producing equity securities. Equity securities
purchased by the Fund may include common
stocks, preferred stocks, warrants, interests in
real estate investment trusts ("REITs") and
securities convertible into common or preferred
stocks, among others. A significant majority of
the equity securities purchased by the Fund will
be traded on a U.S. exchange and denominated
in U.S. dollars. The Fund's non-U.S. equity
investments, which will consist generally of
American Depositary Receipts but may include
direct foreign investments as well, will be
limited to 20% of the Fund's assets. Although
certain equity securities purchased by the Fund
may be issued by domestic companies
incorporated outside of the United States, the
Adviser does not consider these securities to be
foreign if they are included in U.S. equity
indices published by Standard & Poor's or
Russell Investments.
In deciding which securities to buy and sell, the
Adviser seeks to identify companies that it
believes are, among other things, attractively
valued based on the Adviser's estimate of
intrinsic value, and have a strong track-record
and/or potential for high dividend yield. The
Adviser generally emphasizes high dividend
yielding securities, but also attempts to balance
risk and return and assess the future dividend
paying ability of the issuers of such securities.
The Adviser expects that the Fund's yield,
which reflects the level of dividends paid by the
Fund, will exceed the yield of the S&P 500(r)
Index under normal market conditions. The
Adviser generally seeks to find value by
selecting individual stocks that it believes are
attractive, rather than by attempting to achieve
investment growth by rotating the Fund's
holdings among various sectors of the economy.
The Fund may also purchase and sell (write)
options for hedging and investment purposes
and invest in securities issued pursuant to Rule
144A under the Securities Act of 1933 ("Rule
144A securities"). Except as provided above, the
Fund is not limited in the percentage of its assets
that it may invest in these instruments.
Equity Securities Risk: The value of the
Fund's investments in equity securities could be
subject to unpredictable declines in the value of
individual securities and periods of below-
average performance in individual securities or
in the equity market as a whole. Value stocks
can perform differently from the market as a
whole and from other types of stocks. Value
stocks also present the risk that their lower
valuations fairly reflect their business prospects
and that investors will not agree that the stocks
represent favorable investment opportunities,
and they may fall out of favor with investors and
underperform growth stocks during any given
period. In the event an issuer is liquidated or
declares bankruptcy, the claims of owners of the
issuer's bonds generally take precedence over
the claims of those who own preferred stock or
common stock. Rule 144A securities may be
less liquid than other equity securities.
REITs Risk: Investments in the real estate
industry, including REITs, are particularly
sensitive to economic downturns and are
sensitive to factors such as changes in real estate
values, property taxes and tax laws, interest
rates, cash flow of underlying real estate assets,
occupancy rates, government regulations
affecting zoning, land use and rents and the
management skill and creditworthiness of the
issuer. Companies in the real estate industry also
may be subject to liabilities under environmental
and hazardous waste laws. In addition, the value
of a REIT is affected by changes in the value of
the properties owned by the REIT or mortgage
loans held by the REIT. REITs are also subject
to default and prepayment risk. Many REITs are
highly leveraged, increasing their risk. The Fund
will indirectly bear its proportionate share of
expenses, including management fees, paid by
each REIT in which it invests in addition to the
expenses of the Fund.
The Fund revised its investment strategies on
October 15, 2014 and July 18, 2016;
performance may have been different had the
current investment strategies been in place for
all periods shown.


		Exhibit 77D

EX-99.77I NEW SECUR

Effective March 31, 2017 the Registrant established
Class T shares of the Loomis Sayles Dividend
Income Fund, Loomis Sayles Global Growth Fund,
Loomis Sayles Senior Floating Rate and Fixed
Income Fund and Vaughan Nelson Select Fund.

Exhibit 77I(i)

EX-99.77I NEW SECUR

Exhibit 77I(ii)
Effective March 31, 2017 the Registrant established
Class N shares of the Loomis Sayles Dividend Income
Fund, Loomis Sayles Global Growth Fund, Loomis
Sayles Senior Floating Rate and Fixed Income Fund and
Vaughan Nelson Select Fund.

EX-99.77Q1 OTHR EXHB

The Plan pursuant to Rule 18f-3 under the
Investment Company Act of 1940, as
amended, effective March 31, 2017 is
incorporated by reference to exhibit (n)(1) of
post-effective amendment No. 213 to the
Registration Statement filed on Form Type
485BPOS on March 30, 2017 (Accession
No. 0001193125-17-104466).


Exhibit 77Q(1)