Managers Investment Group

FQ Global Essentials Fund

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

(of 238 Funds)

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(of 72 Funds)
World Allocation


Fund Facts (as of 3/31/2012)

Investment Style: Global Risk Parity
Benchmark(s): 60% MSCI World Index & 40% Citigroup World Government Bond - Hedged; 60% MSCI World Index & 40% Citigroup World Government Bond - Unhedged; S&P 500
Subadvisor(s): First Quadrant, L.P.
Fund Net Assets: $113,640,294

Share Class Facts

Share Class: Institutional
Ticker: MMAFX
Cusip: 561717711
Inception Date: 11/18/1988
Expense Ratio:
(Gross / Net)
1.24% / 1.21%
Minimum Investment:
Initial / Subsequent
$100,000 / $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 AMG FQ Global Essentials Fund seeks to provide a diversified, risk-balanced global market portfolio. The Fund also attempts to balance risk and return by gaining exposure to global equities and debt, primarily through derivative instruments utilizing a proprietary dynamic asset-allocation process. Under normal circumstances, the Fund will invest at least 40% of its net assets, plus the amount of any borrowing for investment purposes, in securities (permitted by applicable law) of issuers organized, located or doing a substantial amount of business outside the United States, including investments exposed to such issuers.

Generally, the Fund intends to invest in the following asset classes:

  • Global Equities - Generally, exposure to global equities will be through futures on equity country indices, but the Fund may also seek to gain targeted exposure to various sectors through investments in exchange-traded funds (ETFs). Global exposure includes developed markets, emerging markets, small-capitalization securities and real estate investment trusts (REITS).
  • Sovereign (Foreign Country) Debt - Generally, exposure to sovereign debt will be through futures on foreign country debt indices. Such investments may be used to increase income or hedge against the Fund's risks related to global equity exposure.
  • Real Assets
    • Inflation-Protected Securities - Generally, exposure to Inflation-Protected Securities will be through investments in ETFs. These investments will be used as an inflation hedge.
    • Commodities - Generally, investments in commodities will be through investments in ETFs and used as an inflation hedge.

Assets are selected by First Quadrant for inclusion based on their ability to efficiently diversify the portfolio across asset classes. Investment weights within asset classes are set with the objective of balancing risk. Applying this investment process, the Fund seeks to provide greater capital loss protection during down markets than traditional balanced portfolios, as well as participate in market gains.

Where This Fund May Fit As Part Of Your Asset Allocation

The FQ Global Essentials Fund may be appropriate for your overall investment allocation if you are:

  • Seeking a global market portfolio to serve as a core position in your portfolio
  • 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.

The Fund's investment manager has contractually agreed, through at least March 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.

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: $12.66
NAV $ Change: $-0.05
NAV % Change: -0.39%
YTD Return (as of 04/30/2012)
- at NAV 4.06%
- with Load
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