Bond Fund

MGFIX Morningstar Risk-Adjusted Ratings as of May 31, 2008 Overall Rating 3 Years 5 Years 10 Years Category (of 994 Funds) (of 994 Funds) (of 839 Funds) (of 442 Funds) Intermediate-Term Bond

Why consider investing with the Managers Bond Fund?

• Opportunity to invest with one of the world's most renowned fixed-income managers; Dan Fuss of Loomis Sayles has over 50 years of fixed income investment experience and has managed the fund since inception in 1984.
• Dan Fuss and Loomis Sayles are willing to take risk relative to the benchmark, but mitigate these risks by diversifying through the use of convertible bonds, global bonds, and municipals.
• Focus is on issue selection rather than interest rate timing. They employ a "bond pickers" approach, capitalizing on the firm's commitment to credit research.
• An extensive team of credit analysts research debt offerings in the same way equity analysts research stocks - a search for undervalued bonds where they see a yield premium, the potential for appreciation, or both.
• Proprietary, global credit-rating system is one of the oldest in the country.
• Read more in the detailed product brochure and latest quarterly guide.

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 is subject to the risks associated with investments in debt securities, such as default risk and fluctuations in the perception of the debtor's ability to pay its creditors.

High yield bonds (also known as “junk bonds”) are subject to additional risks such as the risk of default.

Changing interest rates may adversely affect the value of an investment. An increase in interest rates typically causes the value of bonds and other fixed income securities to fall.

Investments in international securities are subject to certain risks of overseas investing including currency fluctuations and changes in political and economic conditions, which could result in significant market fluctuations. These risks are magnified in emerging markets.