FQ Global Essentials Fund (formerly Fremont Global Fund)

		Month Ending 8/31/2010 (%)					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
FQ Global Essentials Fund (formerly Fremont Global Fund)
Investor Class		—	—	—	—	7.92	—	—	—	—	2.29	1.72	1.54
Service Class		—	—	—	—	8.10	—	—	—	—	2.46	1.57	1.39
Institutional Class		13.10	-4.34	1.39	0.70	6.18	19.19	-6.22	0.95	0.36	5.96	1.32	1.14
60% MSCI World Index & 40% Citigroup World Government Bond - Hedged Index
		3.11	-4.18	1.02	0.43	—	8.14	-5.17	1.03	0.41	—
60% MSCI World Index & 40% Citigroup World Government Bond - Unhedged Index
		3.25	-1.99	3.03	2.97	—	7.68	-3.35	2.66	2.42	—
S&P 500 Index
		4.91	-8.66	-0.91	-1.81	—	14.43	-9.81	-0.79	-1.59	—
65% MSCI World & 35% Barclays Capital Global Aggregate Bond Index
		3.36	-3.25	2.55	2.41	—	8.71	-4.72	2.29	1.94	—

Fund Inception Date	Investor	Service	Institutional
	1/1/2010	1/1/2010	11/18/1988
Calendar Year Returns	Investor	Service	Institutional	60% MSCI World Index & 40% Citigroup World Government Bond - Hedged Index	60% MSCI World Index & 40% Citigroup World Government Bond - Unhedged Index	S&P 500 Index	65% MSCI World & 35% Barclays Capital Global Aggregate Bond Index
2009	—	—	23.34%	14.39%	19.01%	26.46%	22.13%
2008	—	—	-36.52%	—	—	-37.00%	-26.65%
2007	—	—	8.38%	—	—	5.49%	9.45%
2006	—	—	12.77%	—	—	15.79%	15.31%
2005	—	—	7.36%	—	—	4.91%	4.46%
2004	—	—	11.87%	—	—	10.88%	12.91%
2003	—	—	22.78%	—	—	28.68%	25.89%
2002	—	—	-12.98%	—	—	-22.10%	-8.08%
2001	—	—	-10.30%	—	—	-11.89%	-10.43%
2000	—	—	-6.60%	—	—	-9.10%	-7.59%
1999	—	—	22.35%	—	—	21.04%	13.69%
1998	—	—	10.01%	—	—	28.58%	21.13%
1997	—	—	9.93%	—	—	33.36%	11.65%
1996	—	—	13.97%	—	—	22.96%	10.49%
1995	—	—	19.28%	—	—	37.58%	20.43%
1994	—	—	-4.17%	—	—	1.32%	3.45%
1993	—	—	19.60%	—	—	10.08%	18.51%

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 performance information shown includes performance when the Fund had multiple subadvisors and was managed with different investment strategiesand investment policies, and was called the "Managers Fremont Global Fund." The Fund's past performance would have been different if the Fund were managed solely by the current subadvisor using the current strategies and policics, and the Fund's prior performance record might be less pertinent for investors considering whether to purchase shares of the Fund.

Performance for periods longer than one year are annualized.

Annual expense ratio as of 03/01/2010. Managers Investment Group LLC (the “Investment Manager”) has contractually agreed, through at least March 1, 2011, to waive management fees and/ or reimburse Fund expenses in order to limit Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements (exclusive of taxes, interest, shareholder servicing fees, distribution and service (12b-1) fees, brokerage commissions, acquired fund fees and expenses, and extraordinary items) to 0.99% of the Fund’s average daily net assets, subject to later reimbursement by the Fund in certain circumstances.

Risks

Investments in foreign securities, even though publicly traded in the United States, may involve risks which are in addition to those inherent in domestic investments. The use of leverage in a Fund's strategy can magnify relatively small market movements into relatively larger losses for the Fund. The Fund is subject to special risk considerations similar to those associated with the direct ownership of real estate. Real estate valuations may be subject to factors such as changing general and local economic, financial, competitive and environmental conditions. Because the Fund invests in exchange-traded funds (ETFs) which incur their own costs, investing in them could result in a higher cost to the investor. Additionally, the Fund will be indirectly exposed to all the risks of securities held by the ETFs. Obligations of certain government agencies are not backed by the full faith and credit of the U.S. Government. If one of these agencies defaulted on a loan, there is no guarantee that the U.S. Government will provide financial support. Additionally, debt securities of the U.S. Government may be affected by changing interest rates and subject to prepayment risk.