Fremont Global Fund

Managers Investment Group

Managers Investment Group is the adviser for the Managers Fremont Global Fund.

The Fund employs multiple portfolio managers who specialize in distinct investment approaches. This “intelligence diversification” not only serves to manage risk, but also helps us tap the markets’ full potential by focusing different analytical insights on each class of investment. Fund management strives to achieve this performance and diversification while ensuring that the Fund operates within the framework of its investment objective and principal investment strategies.

Alliance Bernstein, L.P.
First Quadrant, L.P.
Loomis, Sayles & Company, L.P.
Wellington Management Company, LLP

Alliance Bernstein L.P.

AllianceBernstein L.P. ("Bernstein") is the subadvisor for a portion of the Managers Fremont Global Fund.Located at 1345 Avenue of the Americas, New York, New York, Bernstein was first organized in 1962.

Kevin F. Simms, Sharon E. Fay and Henry S. D’Auria are jointly and primarily responsible for the day-to-day management of the portion of the Fund managed by Bernstein.

Kevin F. Simms
Co-Chief Investment Officer of International Value Equities and Director
of Research of Global Value Equity
Director of Global Value Equity Research, Mr. Simms assumed the additional responsibilities of CIO of EAFE Value Equities in June 2003. He joined Bernstein in 1992 as a senior research analyst. He was named director of emerging markets research in 1998, and director of global equity research in 2000. Before joining Bernstein, he was a Certified Public Accountant with Price Waterhouse for three years. He earned a B.S.B.A. from Georgetown University in 1987 and an M.B.A. from Harvard University in 1992.

Sharon E. Fay
Chief Investment Officer of Global Value Equities and Chief Investment Officer and Chairwoman of the UK & European Investment Policy Groups
Ms. Fay was named chief investment officer of Global Value Equities upon the announced retirement of Mr. Adelson in June 2003. Ms. Fay retains her current role of chief investment officer and chairman of the UK & European investment policy groups, which she took on in 1999. She is also a member of the Canadian and Emerging Markets Equity Investment Policy Groups. Previously she was chief investment officer and chairman of the Canadian Equity Investment Policy Group since 1997. Ms. Fay joined Bernstein in 1990 as a senior research analyst in Investment Management, where she followed the airline, lodging, trucking and retail industries until being named senior portfolio manager and Investment Policy Group member in 1995. She was previously director of research at Bernard L. Madoff. Ms. Fay earned a B.A. from Brown University in 1983 and an M.B.A. from Harvard University in 1987, and is a Chartered Financial Analyst.

Henry S. D’Auria
Co-CIO of EAFE Value Equities
Chief Investment Officer of Emerging Markets Value Equities, Co-CIO of EAFE Value Equities
Mr. D’Auria, chief investment officer of Emerging Markets Value Equities, joined the firm as a research analyst in 1991. In June 2003, he was named co-CIO of EAFE Value Equities. In 1994 he became a senior research analyst and was named director of research for small-capitalization equities in 1996. He was named director of research--global equities in 1998 and director of research--emerging markets in 2000. He assumed his current position in 2002. He is a member of the Global Value, International Value and Emerging Markets Value Investment Policy Groups. Previously, he was a vice president and sell-side analyst at PaineWebber, specializing in restaurants, lodging and retail. He earned a B.A. from Trinity College in 1983 and is a Chartered Financial Analyst.

First Quadrant, L.P.

First Quadrant, L.P. ("First Quadrant") is the subadvisor for a portion of the Managers Fremont Global Fund. First Quadrant, located at 800 E. Colorado Boulevard, Suite 900, Pasadena, California was founded in 1988. First Quadrant is a fundamental research-based investment management company that creates investment strategies for clients to best fit with their asset allocation, tolerance for risk, and an ever-changing market environment. Affiliated Managers Group, Inc. indirectly owns a majority interest in First Quadrant.

Loomis, Sayles & Company, L.P.

Loomis, Sayles & Company, L.P. (“Loomis”) is the subadvisor for Managers Global Bond Fund, which makes up a portion of Managers Fremont Global Fund. Loomis, located at One Financial Center, Boston, Massachusetts, was founded in 1926. Loomis believes that inefficiencies are inherent in bond markets, hence the greatest opportunities to add value, reside in the pricing of credit risk. Loomis seeks to identify attractively valued issues through fundamental research.

Portfolio Managers

Kenneth Buntrock, David Rolley and Lynda Schweitzer are the portfolio managers for the Fund.

Kenneth M. Buntrock, CFA, CIC
Vice President and Portfolio Manager
Kenneth M. Buntrock, CFA, CIC is Vice President and Portfolio Manager for the Managers Global Bond Fund.  Ken started his investment career in 1974 and joined Loomis in 1997. He earned a Bachelor of Arts degree from Pennsylvania State University and an MBA from University of Pittsburgh.

David W. Rolley, CFA
Vice President, Emerging Markets Debt Strategist and Portfolio Manager
David W. Rolley, CFA, is Vice President, Emerging Markets Debt Strategist and Portfolio Manager for the Managers Global Bond Fund.  David started his investment career in 1980 and joined Loomis in 1994.  He earned a Bachelor of Arts degree from Occidental College and studied graduate economics at the University of Pennsylvania.

Lynda Schweitzer, CFA
Vice President and Portfolio Manager
Lynda Schweitzer, CFA, is vice president and Portfolio Manager for the Managers Global Bond Fund. Lynda has 20 years of investment experience and joined Loomis Sayles in 2001 as a global product specialist. She earned a Bachelor of A from the University of Rochester and an MBA from Boston University.

Wellington Management Company, LLP

Wellington Management Company, LLP ("Wellington Management"), is the subadvisor for a portion of the Managers Fremont Global Fund.Wellington Management, located at 75 State Street, Boston, Massachusetts, was founded in 1928. Wellington Management manages U.S., international and global equity, fixed income and multi-asset portfolios for institutional clients and mutual funds in over 40 countries.

Three members of Wellington’s International Growth Team, Jean-Marc Berteaux,
Matthew Hudson, CFA, and Andrew S. Offit, CPA, are jointly and primarily responsible for the day-to-day management of the portion of the Fund managed by Wellington. The team is supported by the research efforts of over 50 industry and regional analysts.

Jean-Marc Berteaux
Vice President and Equity Manager
Mr. Berteaux is a Vice President of and Equity Portfolio Manager for Wellington and has been an investment professional with Wellington since 2001. From 1998 to 2001, Mr. Berteaux was a Vice President of and a senior equity analyst for John Hancock Funds, LLC.


Andrew Offit, CPA
Senior Vice President and Equity Portfolio Manager
Mr. Offit is a Senior Vice President of and Equity Portfolio Manager for Wellington and has been an investment professional with Wellington since 1997.


Matthew Hudson, CFA
Vice President and Portfolio Manager
Mr. Hudson is a Vice President of and Equity Portfolio Manager for Wellington and joined Wellington as an investment professional in 2005. From 2000 -2005, Mr. Hudson was an investment professional at American Century Investment
Management.

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 the performance data 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 and the returns and yields on the indices exclude expenses. Current performance of the Fund may be lower or higher than the performance quoted.