Essex Small/Micro Cap Growth Fund

		Month Ending 6/30/2010 (%)					Quarter Ending 6/30/2010 (%)					Expense Ratios
Fund/Class		1 Year	3 Year	5 Year	10 Year	Life of Fund	1 Year	3 Year	5 Year	10 Year	Life of Fund	Gross	Net
Essex Small/Micro Cap Growth Fund
Class A	NAV	11.01	-12.49	-0.39	—	6.22	11.01	-12.49	-0.39	—	6.22	1.50	1.50
Class A	Load	4.64	-14.21	-1.57	—	5.58	4.64	-14.21	-1.57	—	5.58	1.50	1.50
Class C	NAV	10.19	-13.14	—	—	-7.34	10.19	-13.14	—	—	-7.34	2.25	2.25
Class C	Load	9.19	-13.14	—	—	-7.34	9.19	-13.14	—	—	-7.34	2.25	2.25
Russell 2000® Growth Index
		17.96	-7.54	1.14	-1.72	—	17.96	-7.54	1.14	-1.72	—

Fund Inception Date	Class A	Class C
	9/28/2000	3/1/2006
Calendar Year Returns	Class A	Class C	Russell 2000® Growth Index
2009	30.97%	30.09%	34.47%
2008	-47.72%	-48.14%	-38.54%
2007	17.45%	16.55%	7.05%
2006	8.55%	—	13.35%
2005	13.90%	—	4.15%
2004	15.74%	—	14.31%
2003	66.41%	—	48.54%
2002	-21.34%	—	-30.26%
2001	30.96%	—	-9.23%

Maximum Sales Charge

Class A share maximum sales charge: 5.75%

Class C share maximum sales charge: 1.00%

Disclosure

Investors should carefully consider the Fund's investment objectives, risks, charges, and expenses before investing. For this and other information, please call 800.835.3879 or download a free prospectus. Read it carefully before investing or sending money.

The performance shown represents past performance and is not a guarantee of future results. Current performance may be lower or higher than quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. From time to time the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields on the Fund are net of expenses. Unlike the Fund, the index listed is unmanaged, is not available for investment, and does not incur expenses.

The "Since Inception" return, and returns for all periods beginning prior to 06/25/02, for the Managers AMG Essex Small/Micro Cap Growth Fund reflect performance linked with a "Predecessor Account" which began operations on September 28, 2000. The Predecessor Account’s objectives, policies, guidelines and restrictions were, in all material respects, the same as the Fund’s. The Predecessor Account was not registered as a mutual fund and therefore was not subject to certain investment restrictions that are imposed upon mutual funds. If the Predecessor Account had been registered as a mutual fund, the Account’s performance may have been adversely affected. Prior to March 1, 2006, the Fund had a single share class, which did not carry an up-front sales charge. On March 1, 2006, the existing shares were redesignated as Class A shares. Class A shares have an up-front sales charge. Performance for Class A shares above is based on the performance of the Fund's class in existence prior to March 1, 2006 adjusted to reflect the sales charge applicable to Class A shares.

Performance for periods longer than one year are annualized.

Annual expense ratio as of 10/01/2009. The Fund's Investment Manager has contractually agreed, through October 1, 2010, to limit fund operating expenses. The net expense ratio reflects this limitation, while the gross expense ratio does not. Please refer to the Fund's prospectus for additional information on the Fund's expenses.

Risks

The Fund is subject to risks associated with investments in small capitalization companies, such as erratic earnings patterns, competitive conditions, limited earnings history, and a reliance on one or a limited number of products.