Managers Investment Group

Intermediate Duration Government Fund

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

(of 318 Funds)

(of 318 Funds)

(of 292 Funds)

(of 241 Funds)
Intermediate Government


Fund Facts (as of 3/31/2012)

Investment Style: Government Debt
Benchmark(s): Citigroup Mortgage
Subadvisor(s): Smith Breeden Associates, Inc.
Fund Net Assets: $192,541,511

Share Class Facts

Share Class: Single
Ticker: MGIDX
Cusip: 561717786
Inception Date: 3/31/1992
Expense Ratio:
(Gross / Net)
0.95% / 0.90%
Minimum Investment:
Initial / Subsequent
$2,000 / $100
Minimum IRA Investment:
Initial / Subsequent
$1,000 / $100
Maximum Sales Charges: N/A
12b-1 Fees: N/A

Fund Focus

The Managers Intermediate Duration Government Fund seeks to achieve its objective by matching the duration, or interest-rate risk, of a portfolio that invests exclusively in mortgage-backed securities, as weighted in the major market indices for mortgage-backed securities. These indices currently include the Citigroup Mortgage Index and the Barclays Capital Mortgage Index, each of which includes all outstanding government sponsored fixed-rate mortgage-backed securities, weighted in proportion to their current market capitalization. The duration of these indices is generally similar to that of intermediate-term U.S. Treasury notes, and typically will range between three and five years.

Under normal circumstances, the Fund will invest at least 80% of its assets in debt securities issued by the U.S. Government, its agencies and instrumentalities, and synthetic instruments or derivatives, or securities having economic characteristics similar to such debt securities.

Where This Fund May Fit As Part Of Your Asset Allocation

The Managers Intermediate Duration Government Fund may be appropriate for your overall investment allocation if you are:

  • Seeking exposure to intermediate-term fixed income securities
  • Looking to generate income
  • Willing to accept some 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 May 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
No Class
NAV: $11.22
NAV $ Change: $0.00
NAV % Change: 0.00%
YTD Return (as of 04/30/2012)
- at NAV 1.50%
- with Load
 

 

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