Managers Investment Group

Cadence Capital Appreciation Fund

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MPCIX Morningstar Risk-Adjusted Ratings as of April 30, 2012
Overall Rating 3 Years 5 Years 10 Years Category

(of 1465 Funds)

(of 1465 Funds)

(of 1273 Funds)

(of 820 Funds)
Large Growth


Fund Facts (as of 3/31/2012)

Investment Style: Large-Cap Growth
Benchmark(s): Russell 1000® Growth
Subadvisor(s): Cadence Capital Management LLC
Fund Net Assets: $747,661,403

Share Class Facts

Share Class: Institutional
Ticker: MPCIX
Cusip: 561717570
Inception Date: 3/8/1991
Expense Ratio:
(Gross / Net)
0.80% / 0.73%
Minimum Investment:
Initial / Subsequent
$2,500,000 / $1,000
Minimum IRA Investment:
Initial / Subsequent
$50,000 / $1,000
Maximum Sales Charges: N/A
12b-1 Fees: N/A

Learn more about share classes offered by Managers Investment Group.

Fund Focus

The Managers Cadence Capital Appreciation Fund invests in common stocks of U.S. companies that have market capitalizations of $3 billion or more that also have improving fundamentals (based on growth criteria, such as consensus earnings estimates over time and the company's history in meeting earnings targets) and whose stock the portfolio management team believes to be reasonably valued by the market (based on value criteria such as price-to-earnings ratios and free cash flow relative to enterprise value). Cadence Capital Management LLC ("Cadence") uses a "growth-at-a-reasonable-price" (GARP) investment philosophy, allowing the team to invest in companies that exhibit both growth and value characteristics. Cadence considers companies in the Russell 1000® Index and the S&P 500 Index when making investments in the Fund, subjecting the most attractively ranked stocks to an analysis of company factors such as strength of management, competitive industry position, business prospects, and financial statement data. The Fund may also invest in real estate investment trusts (REITs). Generally, the Fund will hold between approximately 70-95 securities.

Where This Fund May Fit As Part Of Your Asset Allocation

The Managers Cadence Capital Appreciation Fund may be appropriate for your overall investment allocation if you are:

  • Looking to gain exposure to high-quality U.S. companies
  • Seeking long-term growth of capital
  • Willing to accept a higher degree of risk for the opportunity of higher potential returns
  • Willing to accept short-term volatility of returns

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 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. Unlike the Fund, the index listed is unmanaged, is not available for investment and does not incur expenses.

Class B shares convert to an equal dollar value of Class A shares at the end of the seventh year after purchase.

Class C shares convert to an equal dollar value of Class A shares at the end of the tenth year after purchase.

CLASS R NOTE: Certain benefit plans and financial service firms may establish various minimum investment requirements for Class R shares, if applicable. Class R shares of the Funds are continuously offered to Specified Benefit Plans. In connection with purchases, Specified Benefit Plans are responsible for forwarding all necessary documentation to their Financial Service Firm or the Distributor. Please contact Managers Distributors, Inc for additional information regarding R Shares.

The Fund's investment manager has contractually agreed, through at least October 1, 2013, to limit Fund operating expenses. The net expense ratio reflects this limitation, while the gross expense ratio does not. Please refer to the Fund's prospectus for additional information on the Fund's expenses.

Fund inception dates reflect that of the Predecessor Fund, which was reorganized into the Fund on September 27, 2010.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metric.

Morningstar Rating is for the share class indicated only (see ticker), other share classes may have different performance characteristics. The Ranking may reflect the waiver of all or a portion of the fund's fees. Without such waiver, the Rankings may have been lower.

© 2012 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Daily Pricing 05/17/2012 Open/Close Daily Pricing
Institutional
NAV: $17.22
NAV $ Change: $-0.37
NAV % Change: -2.10%
YTD Return (as of 04/30/2012)
- at NAV 14.10%
- with Load
 

 

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