ManagersInsight: "Smaller-Cap Equity Performance Coming Out of a Recession" - May 2010
Extreme economic downturns — recessions — occur infrequently. When they do occur, they often leave investors uncertain as to how to best position the equity portion of their investment portfolios once a recovery appears imminent. Download this ManagersInsight research report, "Smaller-Cap Equity Performance Coming Out of a Recession," which looks at the performance of small- and mid-cap stocks during past recessions.
Mid-Cap Stocks — The Overlooked Capitalization Segment - Updated 03/31/2010
Most advisors focus on diversifying equity investments by using large- and small-cap growth and value stocks and overlook mid-cap stocks. Learn more about the Mid-Cap Stocks.

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.

Fund Information
	Quarterly Update - 2nd Qtr
	Product Profile
	Commentary - 2nd Qtr
	Holdings
Prospectus & Reports
	Statement of Additional Information
	Prospectus
	Semi-Annual Report
	Summary Prospectus
	Annual Report


Premier
NAV:	$11.99
NAV $ Change:	-$0.16
NAV % Change:	-1.32%
YTD Return (as of 08/31/10)
- at NAV	-2.29%
- with Load

Institutional
NAV:	$12.08
NAV $ Change:	-$0.17
NAV % Change:	-1.39%
YTD Return (as of 08/31/10)
- at NAV	-2.27%
- with Load

Bond Fund Brandywine Advisors Midcap Growth Fund Brandywine Blue Fund Brandywine Fund California Intermediate Tax-Free Fund Chicago Equity Partners Balanced Fund Chicago Equity Partners Mid-Cap Fund Emerging Markets Equity Fund Essex Growth Fund Essex Large Cap Growth Fund Essex Small/Micro Cap Growth Fund Fixed Income Fund FQ Global Alternatives Fund FQ Global Essentials Fund (formerly Fremont Global Fund) FQ Tax-Managed U.S. Equity Fund FQ U.S. Equity Fund Frontier Small Cap Growth Fund (formerly Managers Small Cap Fund) Global Bond Fund GW&K Municipal Bond Fund GW&K Municipal Enhanced Yield Fund GW&K Small Cap Equity Fund (formerly GW&K Multi-Cap Equity Fund) High Yield Fund Institutional Micro-Cap Fund (formerly Fremont Institutional Micro-Cap Fund) Intermediate Duration Government Fund International Equity Fund Micro-Cap Fund (formerly Fremont Micro-Cap Fund) PIMCO Bond Fund (formerly Fremont Bond Fund) Real Estate Securities Fund Renaissance Large Cap Growth Fund Short Duration Government Fund Skyline Special Equities Portfolio Special Equity Fund Systematic Mid Cap Value Fund Systematic Value Fund TimesSquare Mid Cap Growth Fund TimesSquare Small Cap Growth Fund TSCM Growth Equity Fund