Essex Growth Fund

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Fund Objective

The objective of Managers AMG Essex Growth Fund (formerly Managers AMG Essex Aggressive Growth Fund) is to achieve long-term capital appreciation through a diversified portfolio of equity securities.

Fund Strategy

The Managers AMG Essex Growth Fund invests primarily in the common stocks of U.S. companies with the potential for long-term growth. Although the Fund may invest in companies of any size, investment management seeks to invest in companies with market capitalizations between $500 million and $100 billion. Ordinarily, the Fund invests in 40 to 60 companies from pre-selected sectors of the market. Currently, the Fund focuses on the specialty retail, technology, health care, financial services, energy services and basic industries sectors. Generally, the Fund limits its investments in any specific company to 5% of its assets. The Fund's benchmark is the Russell 3000 Growth Index. 

Fund Facts (as of 6/30/2008)

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. 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. Performance data shown is current to the most recent month end.

The Fund invests in growth stocks, which may be more sensitive to market movements because their prices tend to reflect future investor expectations rather than just current profits. Growth stocks may underperform value stocks during given periods.

Annual net expense ratio as of 10/1/2007 adjusted for the reduction in custodial fees, which took effect on July 01, 2007.

Unlike the Fund, the Index is unmanaged, is not available for investment and does not incur expenses. Please see Index Definitions for all our funds' benchmarks.

The Russell 3000^® Growth Index is a trademark of Russell Investments. Russell^® is a trademark of Russell Investments. An investment cannot be made directly into an Index.