Real Estate Securities Fund

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

(of 234 Funds)
(of 234 Funds)
(of 204 Funds)
(of 99 Funds)		 Real Estate


Important Shareholder (1099) Tax Information - Real Estate Funds
Managers Real Estate Securities Fund

Objective

The Managers Real Estate Securities Fund’s objective is to achieve a combination of income and long-term capital appreciation.

Fund Focus

The Managers Real Estate Securities Fund invests in approximately 35 to 40 stocks of companies in the real estate industry, including Real Estate Investment Trusts (“REITs”). The Fund will invest at least 80% of its assets in these types of companies regardless of size. The Fund is non-diversified, meaning it may hold a greater percentage of its assets in securities of a single issuer or a smaller number of issuers than a diversified fund.

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

The Managers Real Estate Fund may be appropriate for your overall investment allocation if you are:

  • Looking to diversify your portfolio and gain exposure to real estate stocks
  • Seeking income and long-term capital appreciation from a portfolio of real estate stocks
  • Willing to accept short-term price fluctuation and greater volatility

Fund Facts

Real Estate Securities Fund
Investment Style Real Estate Securities
Benchmark(s) Dow Jones U.S. Select REIT
Subadvisor(s) Urdang Securities Management, Inc.
Net Assets $16,950,518
Ticker MRESX
Cusip 561717646
Inception Date 12/31/1997
Minimum Investment
(Initial / Subsequent) 		$2,000 /
$100
Minimum IRA Investment
(Initial / Subsequent) 		$1,000 /
$100
Expense Ratio (Gross / Net) 2.48% / 1.51%
Maximum Sales Charges N/A
12b-1 fees N/A

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.

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 03/11/10
NAV: $6.93
NAV $ Change: $0.05
NAV % Change: 0.73%
YTD Return (as of 02/28/10)
- at NAV 0.00%
- with Load
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