Loomis Sayles Funds I NPORT-P Loomis Sayles Small Cap Value Fund (Jun 2022 report)

PORTFOLIO OF INVESTMENTS – as of June 30, 2022 (Unaudited)

Loomis Sayles Small Cap Value Fund

Shares		Description	Value (†)
	Common Stocks – 98.2% of Net Assets
		Auto Components – 1.2%
	226,887	Dana, Inc.	$	3,192,300
	19,789	LCI Industries		2,213,993
				5,406,293
		Banks – 14.9%
	129,878	Ameris Bancorp		5,218,498
	131,546	Atlantic Union Bankshares Corp.		4,462,040
	188,888	Cadence Bank		4,435,090
	196,703	CVB Financial Corp.		4,880,201
	236,839	Home BancShares, Inc.		4,919,146
	138,197	Meta Financial Group, Inc.		5,344,078
	285,195	OceanFirst Financial Corp.		5,455,780
	68,791	Pinnacle Financial Partners, Inc.		4,974,277
	92,508	Popular, Inc.		7,116,641
	56,181	Prosperity Bancshares, Inc.		3,835,477
	50,065	SouthState Corp.		3,862,515
	88,124	Triumph Bancorp, Inc.(a)		5,513,038
	84,602	Wintrust Financial Corp.		6,780,850
				66,797,631
		Biotechnology – 1.2%
	23,126	United Therapeutics Corp.(a)		5,449,411
		Building Products – 2.3%
	272,349	Janus International Group, Inc.(a)		2,459,312
	166,607	Quanex Building Products Corp.		3,790,309
	60,743	UFP Industries, Inc.		4,139,028
				10,388,649
		Capital Markets – 0.8%
	64,429	Stifel Financial Corp.		3,609,313
		Chemicals – 3.6%
	21,203	Ashland Global Holdings, Inc.		2,184,969
	71,571	Cabot Corp.		4,565,514
	42,886	Ingevity Corp.(a)		2,707,822
	25,106	Scotts Miracle-Gro Co. (The)		1,983,123
	159,299	Valvoline, Inc.		4,592,590
				16,034,018
		Commercial Services & Supplies – 2.1%
	55,775	Clean Harbors, Inc.(a)		4,889,794
	83,923	IAA, Inc.(a)		2,750,157
	41,538	VSE Corp.		1,560,998
				9,200,949
		Communications Equipment – 1.0%
	353,290	Viavi Solutions, Inc.(a)		4,674,027

Shares		Description	Value (†)
	Common Stocks – continued
		Construction & Engineering – 3.5%
	83,319	AECOM	$	5,434,065
	101,112	Arcosa, Inc.		4,694,630
	198,567	MDU Resources Group, Inc.		5,359,324
				15,488,019
		Diversified Financial Services – 0.6%
	140,900	Cannae Holdings, Inc.(a)		2,725,006
		Electric Utilities – 0.8%
	64,183	ALLETE, Inc.		3,772,677
		Electrical Equipment – 0.8%
	41,946	Atkore, Inc.(a)		3,481,937
		Electronic Equipment, Instruments & Components – 5.8%
	36,066	Advanced Energy Industries, Inc.		2,632,097
	134,809	Kimball Electronics, Inc.(a)		2,709,661
	11,989	Littelfuse, Inc.		3,045,685
	130,545	Methode Electronics, Inc.		4,835,387
	41,231	TD SYNNEX Corp.		3,756,144
	299,157	TTM Technologies, Inc.(a)		3,739,462
	237,629	Vontier Corp.		5,463,091
				26,181,527
		Energy Equipment & Services – 1.5%
	328,115	ChampionX Corp.		6,513,083
		Entertainment – 0.5%
	100,530	Liberty Media Corp.-Liberty Braves, Class C(a)		2,412,720
		Food & Staples Retailing – 0.7%
	91,252	Andersons, Inc. (The)		3,010,403
		Food Products – 1.6%
	15,756	J&J Snack Foods Corp.		2,200,483
	127,617	Nomad Foods Ltd.(a)		2,551,064
	399,751	Whole Earth Brands, Inc.(a)		2,478,456
				7,230,003
		Health Care Equipment & Supplies – 3.8%
	29,129	CONMED Corp.		2,789,393
	51,732	Embecta Corp.(a)		1,309,854
	117,572	Inmode Ltd.(a)		2,634,789
	110,125	Lantheus Holdings, Inc.(a)		7,271,554
	39,148	UFP Technologies, Inc.(a)		3,115,006
				17,120,596
		Health Care Providers & Services – 1.6%
	29,900	AMN Healthcare Services, Inc.(a)		3,280,329
	146,724	Option Care Health, Inc.(a)		4,077,460
				7,357,789

Shares		Description	Value (†)
	Common Stocks – continued
		Health Care Technology – 1.0%
	300,300	Allscripts Healthcare Solutions, Inc.(a)	$	4,453,449
		Hotels, Restaurants & Leisure – 1.7%
	20,127	Churchill Downs, Inc.		3,854,924
	33,422	Marriott Vacations Worldwide Corp.		3,883,637
				7,738,561
		Household Durables – 1.7%
	114,582	KB Home		3,261,004
	88,991	Skyline Champion Corp.(a)		4,219,953
				7,480,957
		Household Products – 1.0%
	56,934	Spectrum Brands Holdings, Inc.		4,669,727
		Independent Power & Renewable Electricity Producers – 1.0%
	59,904	NextEra Energy Partners LP		4,442,481
		Insurance – 1.4%
	100,002	Employers Holdings, Inc.		4,189,084
	42,666	First American Financial Corp.		2,257,884
				6,446,968
		Interactive Media & Services – 0.4%
	100,018	TripAdvisor, Inc.(a)		1,780,320
		IT Services – 4.3%
	35,131	Concentrix Corp.		4,765,169
	69,274	CSG Systems International, Inc.		4,134,272
	30,462	Euronet Worldwide, Inc.(a)		3,064,173
	170,242	International Money Express, Inc.(a)		3,484,854
	196,076	Unisys Corp.(a)		2,358,794
	8,986	WEX, Inc.(a)		1,397,862
				19,205,124
		Leisure Products – 0.9%
	59,611	Brunswick Corp.		3,897,367
		Life Sciences Tools & Services – 1.0%
	20,916	Charles River Laboratories International, Inc.(a)		4,475,397
		Machinery – 4.8%
	54,946	Albany International Corp., Class A		4,329,195
	104,615	Altra Industrial Motion Corp.		3,687,679
	127,292	Columbus McKinnon Corp.		3,611,274
	35,447	Kadant, Inc.		6,463,761
	98,851	Miller Industries, Inc.		2,240,952
	96,291	Wabash National Corp.		1,307,632
				21,640,493
		Marine – 1.2%
	270,164	Genco Shipping & Trading Ltd.		5,219,568

Shares		Description	Value (†)
	Common Stocks – continued
		Media – 2.2%
	195,377	Gray Television, Inc.	$	3,299,918
	54,939	John Wiley & Sons, Inc., Class A		2,623,887
	58,583	Scholastic Corp.		2,107,230
	77,534	Thryv Holdings, Inc.(a)		1,735,986
				9,767,021
		Metals & Mining – 1.1%
	182,272	Arconic Corp.(a)		5,112,730
		Multi-Utilities – 0.7%
	56,724	NorthWestern Corp.		3,342,745
		Oil, Gas & Consumable Fuels – 5.0%
	200,840	Antero Resources Corp.(a)		6,155,746
	103,304	California Resources Corp.		3,977,204
	110,430	EQT Corp.		3,798,792
	39,793	Laredo Petroleum, Inc.(a)		2,743,329
	226,665	Northern Oil & Gas, Inc.		5,725,558
				22,400,629
		Personal Products – 0.5%
	98,803	BellRing Brands, Inc.(a)		2,459,207
		Pharmaceuticals – 1.9%
	28,017	Jazz Pharmaceuticals PLC(a)		4,370,932
	143,616	Supernus Pharmaceuticals, Inc.(a)		4,153,375
				8,524,307
		Professional Services – 3.5%
	46,263	Insperity, Inc.		4,618,435
	97,156	Korn Ferry		5,636,991
	59,404	Science Applications International Corp.		5,530,513
				15,785,939
		REITs - Diversified – 0.8%
	81,706	PotlatchDeltic Corp.		3,610,588
		REITs - Single Tenant – 1.0%
	63,454	Agree Realty Corp.		4,576,937
		REITs - Storage – 0.8%
	87,263	CubeSmart		3,727,875
		REITs - Warehouse/Industrials – 1.5%
	53,339	Rexford Industrial Realty, Inc.		3,071,793
	121,515	STAG Industrial, Inc.		3,752,383
				6,824,176
		Semiconductors & Semiconductor Equipment – 2.1%
	248,220	Rambus, Inc.(a)		5,334,248
	85,553	Tower Semiconductor Ltd.(a)		3,950,837
				9,285,085

Shares		Description	Value (†)
	Common Stocks – continued
		Specialty Retail – 0.6%
	142,153	Urban Outfitters, Inc.(a)	$	2,652,575
		Technology Hardware, Storage & Peripherals – 0.8%
	85,352	Super Micro Computer, Inc.(a)		3,443,953
		Textiles, Apparel & Luxury Goods – 0.7%
	65,667	Crocs, Inc.(a)		3,196,013
		Thrifts & Mortgage Finance – 1.7%
	37,297	Federal Agricultural Mortgage Corp., Class C		3,642,052
	94,150	WSFS Financial Corp.		3,774,474
				7,416,526
		Trading Companies & Distributors – 3.4%
	192,103	Alta Equipment Group, Inc.(a)		1,723,164
	193,506	Custom Truck One Source, Inc.(a)		1,083,634
	75,361	Herc Holdings, Inc.		6,793,794
	51,617	McGrath RentCorp		3,922,892
	158,689	MRC Global, Inc.(a)		1,580,542
				15,104,026
		Water Utilities – 0.4%
	187,333	Pure Cycle Corp.(a)		1,974,490
		Wireless Telecommunication Services – 0.8%
	119,229	United States Cellular Corp.(a)		3,452,872
		Total Common Stocks (Identified Cost $357,139,649)		440,962,157

Principal                 Amount
	Short-Term Investments – 2.0%
$	8,771,129	Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 6/30/2022 at 0.350% to be repurchased at $8,771,214 on 7/01/2022 collateralized by $8,906,200 U.S. Treasury Note, 3.250% due 6/30/2027 valued at $8,946,554 including accrued interest(b) (Identified Cost $8,771,129)		8,771,129
		Total Investments – 100.2% (Identified Cost $365,910,778)		449,733,286
		Other assets less liabilities – (0.2)%		(706,850	)
		Net Assets – 100.0%	$	449,026,436

(†) Fund securities and other investments are valued at market value based on market quotations obtained or determined by independent pricing services recommended by the adviser and approved by the Board of Trustees. Fund securities and other investments for which market quotations are not readily available are valued at fair value as determined in good faith by the adviser pursuant to procedures approved by the Board of Trustees, as described below. Market value is determined as follows:

Listed equity securities (including shares of closed-end investment companies and exchange-traded funds) are valued at the last sale price quoted on the exchange 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. Securities traded on the NASDAQ Global Select Market, NASDAQ Global Market and NASDAQ Capital Market are valued at the NASDAQ Official Closing Price (“NOCP”), or if lacking an NOCP, at the most recent bid quotations on the applicable NASDAQ Market. Unlisted equity securities (except unlisted preferred equity securities) are 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 valued using evaluated bids furnished by an independent pricing service, if available.

In some foreign markets, an official close price and a last sale price may be available from the foreign exchange or market. In those cases, the official close price is used.

Debt securities and unlisted preferred equity securities are 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 value debt and unlisted equity securities where an independent pricing service is unable to price a security or where an independent pricing service does not provide a reliable price for the security.

Fund securities and other investments for which market quotations are not readily available are valued at fair value as determined in good faith by the adviser pursuant to procedures approved by the Board of Trustees. The Fund may also value securities and other investments at fair value 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 its securities or other investments, the Fund may, among other things, use modeling tools or other processes that may take into account factors such as securities or other market activity and/or significant events that occur after the close of the foreign market and before the time the Fund’s net asset value (“NAV”) is calculated. Fair value pricing may require subjective determinations about the value of a security, and fair values used to determine the Fund’s NAV may differ from quoted or published prices, or from prices that are used by others, for the same securities. In addition, the use of fair value pricing may not always result in adjustments to the prices of securities held by the 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 are translated into U.S. dollars based upon foreign exchange rates prevailing at the end of the period.

(a) Non-income producing security.

(b) 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 June 30, 2022, the Fund had an investment in a repurchase agreement for which the value of the related collateral exceeded the value of the repurchase agreement.

REITs Real Estate Investment Trusts

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 the 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 the 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 following is a summary of the inputs used to value the Fund’s investments as of June 30, 2022, at value:

Asset Valuation Inputs

Description	Level 1		Level 2		Level 3		Total
Common Stocks*	$	440,962,157	$	—	$	—	$	440,962,157
Short-Term Investments		—		8,771,129		—		8,771,129
Total	$	440,962,157	$	8,771,129	$	—	$	449,733,286

* Details of the major categories of the Fund’s investments are reflected within the Portfolio of Investments.

Industry Summary at June 30, 2022 (Unaudited)

Banks	14.9	%
Electronic Equipment, Instruments & Components	5.8
Oil, Gas & Consumable Fuels	5.0
Machinery	4.8
IT Services	4.3
Health Care Equipment & Supplies	3.8
Chemicals	3.6
Professional Services	3.5
Construction & Engineering	3.5
Trading Companies & Distributors	3.4
Building Products	2.3
Media	2.2
Semiconductors & Semiconductor Equipment	2.1
Commercial Services & Supplies	2.1
Other Investments, less than 2% each	36.9
Short-Term Investments	2.0
Total Investments	100.2
Other assets less liabilities	(0.2	)
Net Assets	100.0	%