FQ Global Alternatives Fund

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

(of 120 Funds)
(of 120 Funds)		 N/A
 N/A
 Long-Short


For additional information regarding the Fund’s management, investment philosophy, and investment process, please download the product profile.

Objective

The Managers AMG FQ Global Alternatives Fund seeks to achieve total return from investments in the global equity, fixed income, and currency markets, independent of market direction.

Fund Focus

Managers AMG FQ Global Alternatives Fund seeks to generate returns through risk-controlled exposure to long and short positions in the global (U.S. and non-U.S.) equity, bond, and currency markets.

The Fund may use a wide range of derivative instruments (including futures, options, swaps, and forward contracts) and direct investments to allocate exposure among asset classes, countries, and currencies.

This Fund’s investment process involves an analysis of returns based on:

  1. Relative returns derived from global asset class performance (for example, how global stocks performed relative to global bonds and cash)
  2. Relative returns within the equity asset class based on country, (for example, how U.S. equities performed relative to other global equities)
  3. Relative returns within the fixed income asset class based on country (for example, how U.S. bonds performed relative to other global bonds) and
  4. Risks associated with currencies

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

The Managers AMG FQ Global Alternatives Fund may be appropriate for your overall investment allocation if you are:

  • Seeking a mutual fund that may establish long or short exposure to global equity, bond, and currency markets and are willing to accept the risks of global investing
  • Seeking a mutual fund that invests in a range of alternative investments, including futures, options, and other derivatives, as well as currencies and index exchange-traded funds
  • Seeking to produce returns that are not directly correlated to major public equity or bond markets and are interested in either growth or income.
  • Willing to accept short-term volatility of returns

Fund Facts

FQ Global Alternatives Fund
Investment Style Global Tactical Asset Allocation
Benchmark(s) Citigroup 1 Month U.S. Treasury Bill
Subadvisor(s) First Quadrant, L.P.
Net Assets $248,586,520
  Class A Class C Service Institutional
Ticker MGAAX MGACX MGASX MGAIX
Cusip 56171L108 56171L207 56171L702 56171L801
Inception Date 3/30/2006 3/30/2006 1/01/2010 1/01/2010
Minimum Investment
(Initial / Subsequent) 		$2,000 /
$100		 $2,000 /
$100		 $25,000 /
$100		 $1,000,000 /
$1,000
Minimum IRA Investment
(Initial / Subsequent) 		$1,000 /
$100		 $1,000 /
$100		 $10,000 /
$100		 $50,000 /
$1,000
Expense Ratio (Gross / Net) 2.72% / 2.03% 3.32% / 2.63% 2.57% / 1.88% 2.32% / 1.63%
Maximum Sales Charges 5.75% 1.00% N/A N/A
12b-1 fees 0.25% 1.00% N/A 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 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 03/01/2010. The Fund's Investment Manager has contractually agreed, through March 1, 2011, 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 03/19/10
Class A
NAV: $10.17
NAV $ Change: -$0.01
NAV % Change: -0.10%
YTD Return (as of 02/28/10)
- at NAV
- with Load -3.50%
Class C
NAV: $9.95
NAV $ Change: -$0.01
NAV % Change: -0.10%
YTD Return (as of 02/28/10)
- at NAV
- with Load 1.36%
Service
NAV: $10.18
NAV $ Change: -$0.01
NAV % Change: -0.10%
YTD Return (as of 02/28/10)
- at NAV
- with Load
Institutional
NAV: $10.18
NAV $ Change: -$0.01
NAV % Change: -0.10%
YTD Return (as of 02/28/10)
- at NAV
- with Load
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