TimesSquare Mid Cap Growth Fund

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Fund Closure:Purchases of Fund shares are limited to shareholders who directly owned shares of the Fund on December 31, 2010 and certain financial advisors, asset allocation programs, institutions and intermediaries that had accounts or client assets in the Fund on or before March 31, 2011.

TMDIX Morningstar Risk-Adjusted Ratings as of April 30, 2012
Overall Rating	3 Years	5 Years	10 Years	Category
(of 658 Funds)	(of 658 Funds)	(of 596 Funds)	N/A	Mid-Cap Growth

Fund Facts (as of 3/31/2012)

Investment Style:	Mid-Cap Growth

Benchmark(s):	Russell Midcap^® Growth

Subadvisor(s):	TimesSquare Capital Management, LLC

Fund Net Assets:	$1,687,486,147

Share Class Facts

Share Class:	Institutional

Ticker:	TMDIX

Cusip:	561709841

Inception Date:	3/4/2005

Expense Ratio: (Gross / Net)	1.08% / 1.08%

Minimum Investment: Initial / Subsequent	$3,000,000 / $100,000

Minimum IRA Investment: Initial / Subsequent	$3,000,000 / $100,000

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 TimesSquare Mid Cap Growth Fund invests at least 80% of its assets in securities of mid-capitalization companies. The term "mid-capitalization companies" refers to companies that, at the time of purchase, are within the range of capitalizations of companies in the Russell Midcap^® Growth Index. The TimesSquare portfolio management team uses a bottom-up, research-intensive approach to identify mid-capitalization growth stocks that it believes have the greatest potential to achieve significant price appreciation over a 12- to 18-month horizon.

Where This Fund May Fit As Part Of Your Asset Allocation

The Managers AMG TimesSquare Mid Cap Growth Fund may be appropriate for your overall investment allocation if you are:

Looking to gain exposure to mid-cap companies
Diversifying investments in large-cap companies
Seeking exposure to growth-oriented investments
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.

Annual expense ratio as of May 1, 2012.

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.

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