Morningstar® Investment Profile™ | Disclosure Statement Morningstar - Free Trial   Managers AMG FQ Global Alternatives A  MGAAX   Snapshot Total Returns Rating & Risk Portfolio Nuts & Bolts Analyst Report Quote datadef_ratings Managers AMG FQ Global Alternatives A  MGAAX   Morningstar Report Overall Morningstar Rating™ What is this? As of 2009-10-31 Out of Long-Short Funds Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. Morningstar® Style Box™ What is this? As of 2009-07-31 Day Change $ 0.03    NAV (2009-11-20) $ 9.97    YTD Return % (2009-11-20) 1.12%    Total Assets ($ mil) 239 View Data Definitions   Performance     Growth of $10,000 Fund: Managers AMG FQ Global Alternatives A (from 2006-03-30 to 2009-10-31) Category: Long-Short Index: ML USD LIBOR 3 Mon CM Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20 Inception date: 2006-03-30 10yr and Inception Returns as of 2009-10-31 YTD Returns as of 2009-11-20 YTD 1 Year 3 Year 5 Year 10 Year Since Inception Fund 1.12 -2.79 4.41 --- --- 2.65 +/- Category -6.50 -8.61 6.37 --- --- --- +/- ML USD LIBOR 3 Mon CM 0.16 -4.15 0.75 --- --- --- Standardized Annual Returns %   more on standardized returns Quarter-End (as of 2009-09-30) -5.37 -4.95 1.23 --- --- 0.82 Month-End (as of 2009-10-31) -4.79 -8.72 2.09 --- --- 0.97 After Tax Returns % (as of 2009-09-30 )   On Distribution --- -10.77 1.01 --- --- --- On Distribution & Sale of Shares --- -5.67 1.19 --- --- --- Morningstar Rating --- --- --- --- --- # of compared funds covered (3 yrs : out of 116 funds), (5 yrs : out of funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is 5.75%, the maximum deferred sales fee is none, and the maximum redemption sales fee is none. The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.   Portfolio Profile     Sector Breakdown % US Government 26.10 US Treasuries 26.10 TIPS 0.00 US Agency 0.00 Mortgage 0.00 Mortgage Pass-Thru 0.00 Mortgage CMO 0.00 Mortgage ARM 0.00 Credit 0.00 US Corporate 0.00 Asset-Backed 0.00 Convertible 0.00 Municipal 0.00 Corporate Inflation-Protected 0.00 Foreign 0.00 Foreign Corp 0.00 Foreign Govt 0.00 Cash 73.90 Asset Allocation % of Net Assets Cash 34.7 Stocks 14.9 Bonds 50.4 Other 0.0 Foreign Stocks 4.0 (as a % of Assets) Data through 2009-07-31 Data through 2009-07-31 Holding Status Total Number of Stock Holdings Turnover % 133 Total Number of Bond Holdings 3 30 Day SEC Yield % --- % of Assets in Top 10 Holdings 188.56 ending as of 2009-09-30 View Data Definitions Data through 2009-07-31   Other Information Fund Inception: 2006-03-30 Portfolio Manager  (Start Date) Kenneth John Ferguson  (2006-03-30) Ken Ferguson holds primary responsibility for research and development of the firm’s global derivatives products. Since joining First Quadrant in 1994 Ken has focused on First Quadrant's tactical asset allocation, currency, and global macro products. He has been involved in all aspects of product development: model building, risk measurement, risk allocation, and portfolio optimization. Prior to joining First Quadrant, Ken was an assistant professor of mathematics at the University of California, Irvine, and at the University of Southern California. He received his Ph.D. in mathematics from the University of Utah in 1991. Dori Levanoni  (2006-03-30) Dori Levanoni‘s primary responsibility is the research and development of the firm’s global derivatives products. He has been involved in model development, risk measurement, risk allocation, and portfolio optimization. Dori first joined First Quadrant in 1991 as a Research Intern while studying Physics at Caltech. He became a full-time employee in 1993, but in 1995 left for the Department of Anatomy and Neurobiology at Washington University in St. Louis. In 1996 he returned to First Quadrant as Head of Systems. In 1998 he joined the firm’s Investment Research team, subsequently becoming the Manager of Currency Research at the end of 1999, Director and Currency Product Strategist in 2002, Co-Director of Global Derivatives in 2005, and Partner in 2006. Sales Charge % (taken from prospectus dated 2009-03-01) Front: 5.75 Deferred: None Expense Ratio % 2.26 based on net assets (taken from annual report dated 2008-10-31) Correspondence Information 800 Connecticut Avenue Norwalk,  CT  06854 USA Telephone: 800-548-4539 202-551-8090 Data on this page does not include the fund's short positions (if any). Show Data Definitions © Copyright 2009 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. Past performance is no guarantee of future results. Returns will vary and shares may be worth more or less than their original cost when sold.