Fixed Income Fund

MFDYX Morningstar Risk-Adjusted Ratings as of February 28, 2010
Overall Rating 3 Years 5 Years 10 Years Category

(of 992 Funds)
(of 992 Funds)
(of 872 Funds)
(of 503 Funds)		 Intermediate-Term Bond


Morningstar’s Fixed Income Fund Manager of 2009!
Congratulations to the Fixed Income team at Loomis Sayles (Dan Fuss, Kathleen Gaffney, Matthew Eagan, Elaine Stokes) — Subadvisor to the Managers Bond Fund and Managers Fixed Income Fund for winning Morningstar’s Fixed Income Fund Manager of 2009!

Objective

The Managers Fixed Income Fund seeks to achieve the highest level of income consistent with the preservation of capital.

Fund Focus

The Managers Fixed Income Fund seeks current income by investing in a diversified portfolio of fixed income securities.

The Fund invests at least 80% of its assets in investment-grade debt securities (those rated above Ba1/BB+ by Moody’s/Standard & Poor’s). In addition to investment-grade securities, the Fund may also invest in debt securities issued by any of the following: public and private U.S. companies, foreign companies, the U.S. government and its agencies, such as the Federal Home Loan Bank, state and local governments issuing taxable municipal securities, and foreign governments, their agencies and instrumentalities.

The Fund may also invest in mortgage-backed debt securities, asset-backed debt securities, and restricted securities, and may invest up to 15% of its assets in common and preferred stock, convertible securities that an owner has the option to exchange for common stock at a pre-stated price, and debt securities carrying warrants to purchase equity securities. Up to 20% of this mutual fund’s assets may be invested in below-investment grade securities (those rated Ba1/BB+ or lower by Moody’s/Standard & Poor’s).

While the Fund may purchase debt securities of any maturity, it will primarily invest in debt securities with 7- to 15-year maturities.

Where This Mutual Fund May Fit As Part Of Your Asset Allocation

The Managers Fixed Income Fund may be appropriate for your overall investment allocation if you are:

  • Looking to generate investment income
  • Seeking an opportunity for additional fixed income returns
  • Willing to accept moderate risk

Fund Facts

Fixed Income Fund
Investment Style Investment Grade Debt
Benchmark(s) Barclays Capital U.S. Aggregate Bond
Subadvisor(s) Loomis, Sayles & Company, L.P.
Net Assets $137,020,853
  Class A Class B Class C Institutional
Ticker MFDAX MFDBX MFDCX MFDYX
Cusip 56171P661 56171P653 56171P646 56171P638
Inception Date 1/02/1997 3/20/1998 3/05/1998 1/02/1997
Minimum Investment
(Initial / Subsequent) 		$2,000 /
$100		 $2,000 /
$100		 $2,000 /
$100		 $2,500,000 /
$1,000
Minimum IRA Investment
(Initial / Subsequent) 		$1,000 /
$100		 $1,000 /
$100		 $1,000 /
$100		 $50,000 /
$1,000
Expense Ratio (Gross / Net) 1.09% / 0.84% 1.84% / 1.59% 1.84% / 1.59% 0.84% / 0.59%
Maximum Sales Charges 4.25% 5.00% 1.00% N/A
12b-1 fees 0.25% 1.00% 1.00% N/A

Learn more about share classes offered by Managers Investment Group.

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.

Class B shares convert to an equal dollar value of Class A shares at the end of the eighth year after your purchase.

Class C shares convert to an equal dollar value of Class A shares at the end of the tenth year after purchase.

Annual expense ratio as of 05/01/2009. The Fund's Investment Manager has contractually agreed, through May 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.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metric.

Morningstar Rating is for the share class indicated only (see ticker), other share classes may have different performance characteristics. The Ranking may reflect the waiver of all or a portion of the fund's fees. Without such waiver, the Rankings may have been lower.

© 2010 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damamges or losses arising from any use of this information.
Downloadable Documents
Fund Pricing 03/09/10
Class A
NAV: $10.63
NAV $ Change: $0.01
NAV % Change: 0.09%
YTD Return (as of 02/28/10)
- at NAV
- with Load -1.78%
Class B
NAV: $10.55
NAV $ Change: $0.01
NAV % Change: 0.09%
YTD Return (as of 02/28/10)
- at NAV
- with Load -2.56%
Class C
NAV: $10.61
NAV $ Change: $0.01
NAV % Change: 0.09%
YTD Return (as of 02/28/10)
- at NAV
- with Load 1.43%
Institutional
NAV: $10.67
NAV $ Change: $0.02
NAV % Change: 0.19%
YTD Return (as of 02/28/10)
- at NAV 2.59%
- with Load
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