Brandywine Fund

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Fund Facts

Investment Style:	All-Cap Growth

Benchmark(s):	Russell 3000^® Growth; Russell 3000^®; S&P 500

Subadvisor(s):

Friess Associates

Share Class Facts

Share Class:	Single

Ticker:	BRWIX

Cusip:	10532D107

Inception Date:	12/31/1985

Expense Ratio: (Gross / Net)	1.09% / 1.09%

Minimum Investment: Initial / Subsequent	$2,000 / $2,000

Minimum IRA Investment: Initial / Subsequent	$2,000 / $2,000

Fund Focus

Brandywine Fund employs Friess Associates' research-driven investment process. This process capitalizes on the relationship between earnings performance and stock prices by isolating companies experiencing rapid earnings growth that sell at reasonable multiples of earnings estimates, and show promise to positively surprise Wall Street.

The Fund maintains the flexibility to pursue companies that meet its criteria regardless of market cap or industry.

Portfolio characteristics, including sector weightings and market caps, result from a true bottom-up approach and do not reflect the composition of any market index. While this mutual fund maintains an all-cap focus, its rapid earnings growth requirement most often leads it to small- and mid-cap stocks with room to grow.

Where This Fund May Fit As Part Of Your Asset Allocation

The Brandywine Fund may be appropriate for your overall investment allocation if you are:

Looking to gain exposure to high-quality U.S. companies of all sizes
Seeking long-term growth of capital
Willing to accept short-term volatility of returns

To invest in Brandywine Funds, or for more information, please visit www.brandywinefunds.com, or call Managers Investment Group at 800.835.3879.

Disclosure

Investors should carefully consider the Fund's investment objectives, risks, charges, and expenses before investing. For this and other information, please call 800.656.3017 or download a free prospectus. Read it carefully before investing or sending money.

Brandywine Fund, Brandywine Blue Fund and Brandywine Advisors Midcap Growth Fund are distributed by Quasar Distributors, LLC, member FINRA. Managers Distributors, Inc. provides support on a wholesale basis related to making the Brandywine Funds available through various intermediaries. Managers Distributors, Inc., member FINRA.

Gross annual expense ratio as of January 31, 2012.

Risks

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. 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.

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