Fund Objective
The Managers Global Bond Fund’s objective is to achieve income and capital appreciation by investing in high quality foreign and domestic fixed-income securities.
Fund Strategy
The Managers Global Bond Fund seeks both income and capital appreciation by investing in high quality domestic and foreign fixed-income securities. The Fund ordinarily invests at least 80% of its assets in bonds and invests principally in investment grade U.S. and foreign bonds and in securities issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, and supranational organizations such as the World Bank and the United Nations.
The Fund may also invest in both U.S. dollar and non-U.S. dollar denominated securities. Average maturity is generally expected to be ten years or less. The Fund may engage in currency hedging strategies through the use of forward currency exchange contracts, options and futures contracts. The Fund's benchmark is the Lehman Brothers Global Aggregate Bond Index.
Fund Facts (as of 9/30/2008)
|
| Investment Style |
Global Investment Grade Debt |
| Benchmark |
Barclays Capital Global Aggregate
|
| Sub Advisor |
Loomis, Sayles & Company, L.P.
|
| Net Assets |
$63,200,000 |
| Ticker |
MGGBX |
| Cusip |
561717836 |
| Inception Date |
3/25/1994 |
Minimum Investment:
Initial / Subsequent
|
$2,000 /
$100 |
Minimum IRA Investment:
Initial / Subsequent
|
$1,000 /
$0 |
| Expense Ratio (Gross/Net) |
1.29% / 1.10% |
| Sales Charges |
None |
| 12b-1 fees |
None |
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.
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.
Investments in foreign securities, even though publicly traded in the United States, may involve risks which are in addition to those inherent in domestic investments.
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.
Annual net expense ratio as of the current prospectus dated 04/01/2008 adjusted for the reduction in custodial fees, which took effect on 07/01/2007. The investment manager has contractually agreed, through at least May 1, 2009, to limit Total Annual Fund Operating Expenses (exclusive of taxes, interest, brokerage, acquired fund expenses and extraordinary items) to 1.10% of the Fund's average daily net assets. Additionally, the Investment Manager has agreed to contractually waive a portion of it's management fee for the Fund until March 1, 2009, resulting in an annual management fee of 0.60% of the average net assets of the Fund.
A short term redemption fee of 1% will be charged on redemption of fund shares held for 60 days or less.
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.
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