High Yield Fund

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

Objective

The Managers High Yield Fund's objective is to seek a high level of current income, with a secondary objective of capital appreciation, by investing in below investment-grade bonds.

Fund Focus

The Managers High Yield Fund normally invests at least 80% of assets in below-investment-grade bonds. Investments may include corporate debt and preferred stocks, convertibles, zero-coupon bonds, mortgage- and asset-backed securities, money market instruments, U.S. government obligations, investment-grade debt, and various equity securities. Additionally, the Fund may invest up to 15% of its assets in derivatives such as options, futures contracts, or swap agreements including credit default swaps.

Where this mutual fund may fit as part of your asset allocation

The Managers High Yield Fund may be appropriate for your overall investment allocation if you are:

  • Looking for an opportunity for fixed income returns while willing to accept the risks of below investment-grade securities
  • Seeking current income
  • Willing to accept volatility of returns

Fund Facts

High Yield Fund
Investment Style High Yield Debt
Benchmark(s) Barclays Capital U.S. Corporate High Yield Bond
Subadvisor(s) JPMorgan Investment Management, Inc.
Net Assets $29,125,317
  Class A Class B Class C Institutional
Ticker MHHAX MHHBX MHHCX MHHYX
Cusip 56171P711 56171P695 56171P687 56171P679
Inception Date 1/02/1998 2/19/1998 2/19/1998 3/02/1998
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) 1.68% / 1.16% 2.43% / 1.91% 2.43% / 1.91% 1.43% / 0.91%
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 05/01/2010. The Fund's Investment Manager has contractually agreed, through May 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.

Downloadable Documents
Fund Pricing 07/28/10
Class A
NAV: $7.50
NAV $ Change: -$0
NAV % Change: 0.00%
YTD Return (as of 06/30/10)
- at NAV
- with Load -0.89%
Class B
NAV: $7.39
NAV $ Change: -$0
NAV % Change: 0.00%
YTD Return (as of 06/30/10)
- at NAV
- with Load -1.83%
Class C
NAV: $7.40
NAV $ Change: $0.01
NAV % Change: 0.14%
YTD Return (as of 06/30/10)
- at NAV
- with Load 2.17%
Institutional
NAV: $7.58
NAV $ Change: -$0
NAV % Change: 0.00%
YTD Return (as of 06/30/10)
- at NAV 3.70%
- with Load
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