EDGAR HTML

Portfolio of Investments – as of February 29, 2024 (Unaudited)

Loomis Sayles Global Growth Fund

Shares	Description	Value (†)
Common Stocks — 98.3% of Net Assets
	Brazil — 8.1%
816,497	Ambev SA, ADR	$2,033,078
4,013	MercadoLibre, Inc.(a)	6,401,939
		8,435,017
	Canada — 3.5%
47,266	Shopify, Inc., Class A(a)	3,609,705
	China — 9.6%
13,047	Alibaba Group Holding Ltd., ADR(b)	965,870
12,649	Baidu, Inc., ADR(a)	1,281,723
141,932	Budweiser Brewing Co. APAC Ltd.(b)	228,794
7,825	NXP Semiconductors NV	1,954,137
59,000	Tencent Holdings Ltd.(b)	2,066,806
53,145	Trip.com Group Ltd., ADR(a)(b)	2,363,358
25,749	Yum China Holdings, Inc.	1,104,375
		9,965,063
	Denmark — 3.2%
27,630	Novo Nordisk AS, Class B	3,298,072
	France — 0.6%
7,635	Sodexo SA	608,595
	Japan — 1.8%
64,600	FANUC Corp.	1,883,051
	Netherlands — 4.1%
2,595	Adyen NV(a)	4,105,906
7,705	Pluxee NV(a)	220,139
		4,326,045
	Switzerland — 5.6%
29,314	CRISPR Therapeutics AG(a)	2,468,825
33,826	Novartis AG, (Registered)	3,412,958
		5,881,783
	United Kingdom — 1.0%
5,674	Reckitt Benckiser Group PLC	358,499
14,197	Unilever PLC	694,919
		1,053,418
	United States — 60.8%
10,803	Alnylam Pharmaceuticals, Inc.(a)	1,632,225
34,853	Alphabet, Inc., Class A(a)	4,825,746
36,831	Amazon.com, Inc.(a)	6,510,247
16,172	ARM Holdings PLC, ADR(a)	2,280,899
3,799	Autodesk, Inc.(a)	980,788

Shares	Description	Value (†)
	United States — continued
14,791	Block, Inc.(a)	$1,175,441
18,308	Boeing Co.(a)	3,729,706
1,655	Deere & Co.	604,158
35,547	Doximity, Inc., Class A(a)	1,003,492
5,568	Expeditors International of Washington, Inc.	665,933
54,213	Experian PLC	2,321,701
17,154	Meta Platforms, Inc., Class A	8,407,690
10,328	Microsoft Corp.	4,272,074
8,474	Nestle SA, (Registered)	878,899
6,912	Netflix, Inc.(a)	4,167,383
30,690	Oracle Corp.	3,427,459
9,376	QUALCOMM, Inc.	1,479,439
4,598	Roche Holding AG	1,202,198
8,734	Salesforce, Inc.(a)	2,697,234
11,789	SEI Investments Co.	792,810
16,055	Tesla, Inc.(a)	3,241,183
66,777	Under Armour, Inc., Class A(a)	598,322
4,550	Vertex Pharmaceuticals, Inc.(a)	1,914,367
13,865	Visa, Inc., Class A	3,918,804
4,696	Yum! Brands, Inc.	650,020
		63,378,218
	Total Common Stocks (Identified Cost $78,283,723)	102,438,967

Principal Amount
Short-Term Investments — 1.6%
$1,665,225	Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 2/29/2024 at 3.500% to be repurchased at $1,665,387 on 3/01/2024 collateralized by $1,385,600 U.S. Treasury Inflation Indexed Note, 0.125% due 7/15/2026 valued at $1,698,646 including accrued interest(c) (Identified Cost $1,665,225)	1,665,225
	Total Investments — 99.9% (Identified Cost $79,948,948)	104,104,192
	Other assets less liabilities — 0.1%	134,174
	Net Assets — 100.0%	$104,238,366

(†)

Registered investment companies are required to value portfolio investments using an unadjusted, readily available market quotation. The Fund obtains

readily available market quotations from independent pricing services. Fund investments for which readily available market quotations are not available

are priced at fair value pursuant to the Fund's Valuation Procedures. The Board of Trustees has approved a valuation designee who is subject to the

Board's oversight.

Unadjusted readily available market quotations that are utilized for exchange traded equity securities (including shares of closed-end investment

companies and exchange-traded funds) include the last sale price quoted on the exchange where the security is traded most extensively. Shares of

open-end investment companies are valued at net asset value ("NAV") per share.

Exchange traded equity securities for which there is no reported sale during the day are fair valued at the closing bid quotation as reported by an

independent pricing service. Unlisted equity securities (except unlisted preferred equity securities) are fair valued at the last sale price quoted in the

market where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent

pricing service. If there is no last sale price or closing bid quotation available, unlisted equity securities will be fair valued using evaluated bids furnished

by an independent pricing service, if available.

Debt securities and unlisted preferred equity securities are fair valued based on evaluated bids furnished to the Fund by an independent pricing service

or bid prices obtained from broker-dealers. Broker-dealer bid prices may be used to fair value debt and unlisted equities where an independent pricing

service is unable to price an investment or where an independent pricing service does not provide a reliable price for the investment.

The Fund may also fair value investments in other circumstances such as when extraordinary events occur after the close of a foreign market, but prior

to the close of the New York Stock Exchange. This may include situations relating to a single issuer (such as a declaration of bankruptcy or a delisting of

the issuer's security from the primary market on which it has traded) as well as events affecting the securities markets in general (such as market

disruptions or closings and significant fluctuations in U.S. and/or foreign markets). When fair valuing a Fund's investments, the valuation designee may,

among other things, use modeling tools or other processes that may take into account factors such as issuer specific information, or other related market

activity and/or information that occurred after the close of the foreign market but before the time the Fund's NAV is calculated. Fair valuation by the

Fund's valuation designee may require subjective determinations about the value of the investment, and fair values used to determine a Fund's NAV may

differ from quoted or published prices, or from prices that are used by others, for the same investments. In addition, the use of fair value pricing may not

always result in adjustments to the prices of investments held by a Fund.

The books and records of the Fund are maintained in U.S. dollars. The values of securities, currencies and other assets and liabilities denominated in

currencies other than U.S. dollars, if any, are translated into U.S. dollars based upon foreign exchange rates prevailing at the end of the period.

(a)	Non-income producing security.
(b)	Security invests in variable interest entities based in China.
(c)	The Fund may enter into repurchase agreements, under the terms of a Master Repurchase Agreement, under which the Fund acquires securities as collateral and agrees to resell the securities at an agreed upon time and at an agreed upon price. It is the Fund's policy that the market value of the collateral for repurchase agreements be at least equal to 102% of the repurchase price, including interest. Certain repurchase agreements are tri-party arrangements whereby the collateral is held in a segregated account for the benefit of the Fund and on behalf of the counterparty. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays or restrictions upon the Fund's ability to dispose of the underlying securities. As of February 29, 2024, the Fund had an investment in a repurchase agreement for which the value of the related collateral exceeded the value of the repurchase agreement.

ADR	An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. The values of ADRs may be significantly influenced by trading on exchanges not located in the United States.

Fair Value Measurements

In accordance with accounting standards related to fair value measurements and disclosures, the Fund has categorized the inputs utilized in determining the value of each Fund’s assets or liabilities. These inputs are summarized in the three broad levels listed below:

• Level 1 — quoted prices in active markets for identical assets or liabilities;

• Level 2 — prices determined using other significant inputs that are observable either directly, or indirectly through corroboration with observable market data (which could include quoted prices for similar assets or liabilities, interest rates, credit risk, etc.); and

• Level 3 — prices determined using significant unobservable inputs when quoted prices or observable inputs are unavailable such as when there is little or no market activity for an asset or liability (unobservable inputs reflect each Fund’s own assumptions in determining the fair value of assets or liabilities and would be based on the best information available).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The Fund's pricing policies have been approved by the Board of Trustees. Investments for which market quotations are readily available are categorized in Level 1. Other investments for which an independent pricing service is utilized are categorized in Level 2. Broker-dealer bid prices for which the Fund has knowledge of the inputs used by the broker-dealer are categorized in Level 2. All other investments, including broker-dealer bid prices for which the Fund does not have knowledge of the inputs used by the broker-dealer, as well as investments fair valued by the valuation designee, are categorized in Level 3. All Level 2 and 3 securities are defined as being fair valued.

Under certain conditions and based upon specific facts and circumstances, the Fund’s valuation designee may determine that a fair valuation should be made for portfolio investment(s). These valuation designee fair valuations will be based upon a significant amount of Level 3 inputs.

The following is a summary of the inputs used to value the Fund's investments as of February 29, 2024, at value:

Asset Valuation Inputs
Description	Level 1	Level 2	Level 3	Total
Common Stocks
China	$7,669,463	$2,295,600	$—	$9,965,063
Denmark	—	3,298,072	—	3,298,072
France	—	608,595	—	608,595
Japan	—	1,883,051	—	1,883,051
Netherlands	220,139	4,105,906	—	4,326,045
Switzerland	2,468,825	3,412,958	—	5,881,783
United Kingdom	—	1,053,418	—	1,053,418
United States	58,975,420	4,402,798	—	63,378,218
All Other Common Stocks(a)	12,044,722	—	—	12,044,722
Total Common Stocks	81,378,569	21,060,398	—	102,438,967
Short-Term Investments	—	1,665,225	—	1,665,225
Total Investments	$81,378,569	$22,725,623	$—	$104,104,192

(a)	Details of the major categories of the Fund’s investments are reflected within the Portfolio of Investments.

Industry Summary at February 29, 2024 (Unaudited)
Interactive Media & Services	15.9%
Broadline Retail	13.2
Software	10.9
Financial Services	8.8
Pharmaceuticals	7.7
Biotechnology	5.7
Semiconductors & Semiconductor Equipment	5.5
Hotels, Restaurants & Leisure	4.6
Entertainment	4.0
Aerospace & Defense	3.6
IT Services	3.5
Automobiles	3.1
Machinery	2.4
Professional Services	2.2
Beverages	2.2
Other Investments, less than 2% each	5.0
Short-Term Investments	1.6
Total Investments	99.9
Other assets less liabilities	0.1
Net Assets	100.0%

Currency Exposure Summary at February 29, 2024 (Unaudited)
United States Dollar	79.5%
Euro	5.4
Swiss Franc	5.3
Danish Krone	3.2
British Pound	2.5
Hong Kong Dollar	2.2
Japanese Yen	1.8
Total Investments	99.9
Other assets less liabilities	0.1
Net Assets	100.0%