0001104659-12-070082.txt : 20121019
0001104659-12-070082.hdr.sgml : 20121019
20121019145824
ACCESSION NUMBER: 0001104659-12-070082
CONFORMED SUBMISSION TYPE: 497
PUBLIC DOCUMENT COUNT: 8
FILED AS OF DATE: 20121019
DATE AS OF CHANGE: 20121019
EFFECTIVENESS DATE: 20121019
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: MANAGERS TRUST II
CENTRAL INDEX KEY: 0000879947
IRS NUMBER: 000000000
STATE OF INCORPORATION: MA
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: 497
SEC ACT: 1933 Act
SEC FILE NUMBER: 033-43089
FILM NUMBER: 121152276
BUSINESS ADDRESS:
STREET 1: 800 CONNECTICUT AVENUE
CITY: NORWALK
STATE: CT
ZIP: 06854
BUSINESS PHONE: 2032993500
MAIL ADDRESS:
STREET 1: 800 CONNECTICUT AVENUE
CITY: NORWALK
STATE: CT
ZIP: 06854
FORMER COMPANY:
FORMER CONFORMED NAME: SMITH BREEDEN SERIES FUND
DATE OF NAME CHANGE: 19920929
FORMER COMPANY:
FORMER CONFORMED NAME: SMITH BREEDEN U S GOVERNMENT SERIES FUND
DATE OF NAME CHANGE: 19600201
0000879947
S000009901
Managers AMG Chicago Equity Partners Balanced Fund
C000027401
Class A
MBEAX
C000027403
Class C
MBECX
C000027404
Institutional Class
MBEYX
497
1
a12-22429_5497.htm
497
ROPES & GRAY LLP
ONE METRO CENTER
700 12TH STREET, NW, SUITE 900
WASHINGTON, DC 20005-3948
WWW.ROPESGRAY.COM
October 19, 2012
Rajib Chanda
202-508-4671
202-383-7793 fax
rajib.chanda@ropesgray.com
VIA EDGAR
Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549
Re: Managers Trust II
File Nos. 033-43089 and 811-06431
Ladies and Gentlemen:
On behalf of Managers Trust II (the Trust) and pursuant to Rule 497(e) under the Securities Act of 1933, as amended, accompanying this letter for filing are exhibits containing an XBRL interactive data file relating to the supplement, filed with the Securities and Exchange Commission on October 2, 2012 under Rule 497(e) (SEC Accession No. 0001193125-12-412647), to the Prospectus for Managers AMG Chicago Equity Partners Balanced Fund dated May 1, 2012, as supplemented July 1, 2012, July 16, 2012 and September 25, 2012.
The purpose of this filing is to submit an XBRL interactive data file in the manner provided by Rule 405 of Regulation S-T, General Instruction C.3.(g) of Form N-1A, and Rule 497(e).
If you have any questions concerning this filing, please call me at (202) 508-4671.
Sincerely,
/s/ Rajib Chanda
Rajib Chanda
EX-101.INS
2
ck0000879947-20121002.xml
XBRL INSTANCE DOCUMENT
00008799472012-10-022012-10-020000879947ck0000879947:S000009901Memberck0000879947:C000027404Member2012-10-022012-10-020000879947ck0000879947:S000009901Memberck0000879947:C000027403Member2012-10-022012-10-020000879947ck0000879947:S000009901Memberck0000879947:C000027401Member2012-10-022012-10-020000879947ck0000879947:P0001-S000009901Memberck0000879947:S000009901Member2012-10-022012-10-02Other2012-10-02MANAGERS TRUST II0000879947false2012-10-022012-10-022012-05-01MANAGERS AMG CHICAGO EQUITY PARTNERS BALANCED FUND<p class="MsoNormal" align="right" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right; line-height:normal;text-autospace:none"><font style='font-size:10.0pt; font-family:"Times New Roman","serif"'>Filed pursuant to Rule 497(e)<br /> File Nos. 033-43089 and 811-06431</font></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:9.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt; font-family:"Times New Roman","serif"'>MANAGERS TRUST II</font></b></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:4.5pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt; font-family:"Times New Roman","serif"'>MANAGERS AMG CHICAGO EQUITY PARTNERS BALANCED FUND</font></b></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:9.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><font style='font-size:10.0pt; font-family:"Times New Roman","serif"'>Supplement dated October 2, 2012 to the</font></p> <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>Prospectus dated May 1, 2012, as supplemented July 1, 2012, July 16, 2012 and September 25, 2012</font></p> <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>and Statement of Additional Information dated May 1, 2012, as supplemented September 25, 2012</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:9.0pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>The following information supplements and supersedes any information to the contrary relating to Managers AMG Chicago Equity Partners Balanced Fund (the “Fund”), a series of Managers Trust II (the “Trust”), contained in the Fund’s Prospectus (the “Prospectus”) and Statement of Additional Information (the “SAI”), each dated and supplemented as noted above.</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:9.0pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>Effective immediately, the description of the Fund’s principal investment strategies is modified to reflect the fact that the Fund’s Subadvisor, Chicago Equity Partners, LLC, may no longer typically construct the Fund’s portfolio to be generally neutral in terms of style tilts, industry weightings, and market capitalization.</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:9.0pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>At a meeting held on September 20-21, the Trust’s Board of Trustees approved the changes described below for the share classes of the Fund. In all cases the changes maintain or lower the expense ratios to affected shareholders.</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:13.5pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><b><u><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>Renaming Class A Shares as Investor Class Shares</font></u></b></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:4.5pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>Effective immediately after the close of business (4:00 PM EST) on November 30, 2012 (the “Closure Time”), the Fund will rename Class A shares as “Investor Class” shares and amend the features of the share class to conform to the features of other Investor Class shares in the Managers Family of Funds. These changes include eliminating the front-end sales loads, contingent deferred sales charges (“CDSCs”) and finder’s fees associated with sales of the share class. Investments in Investor Class shares of the Fund after the Closure Time will be subject to the fees and expenses applicable to Investor Class shares described in the then current prospectus.</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:13.5pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><b><u><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>Closing Class C Shares and Converting to Investor Class Shares</font></u></b></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:4.5pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>Effective as of the Closure Time, Class C shares of the Fund will be closed to all investors and will no longer be available for purchase. Immediately after the renaming of Class A shares to Investor Class shares described above (the “Conversion Time”), all outstanding Class C shares of the Fund will automatically convert to Investor Class shares of the Fund.</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:9.0pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>As of the Closure Time, Class C shares of the Fund will be closed to all investors and will no longer be available for purchase, including purchases by exchange. As of the Conversion Time, each shareholder’s outstanding Class C shares of the Fund will automatically convert to a number of full and/or fractional Investor Class shares of the Fund equal in value to the shareholder’s Class C shares of the Fund as of the Conversion Time (the “Investor Class Conversion”). The Investor Class Conversion will be effected without the imposition of front-end or deferred sales charges, and, accordingly, there will be no change in the overall value of a shareholder’s shares as of the Conversion Time resulting from the Investor Class Conversion. Investments in Investor Class shares of the Fund after the Conversion Time will be subject to the fees and expenses applicable to Investor Class shares described in the then current prospectus. Shareholders may redeem Class C shares of the Fund at any time until the Conversion Time without being subject to the deferred sales charges described in the Prospectus.</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:13.5pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><b><u><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>Creating New Service Class Shares</font></u></b></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:4.5pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>In connection with the share class changes described above, the Trust’s Board of Trustees also approved the establishment of a new class of shares for the Fund, to be designated as Service Class shares. Consistent with the features of other Service Class shares in the Managers Family of Funds, shareholders of the new Service Class shares of the Fund may pay shareholder servicing fees of up to 0.10% of the average daily net assets of the Service Class shares for shareholder servicing provided to shareholder accounts by financial intermediaries, such as broker-dealers, banks and trust companies. Shareholders of the new Service Class shares will not bear any distribution and service (12b-1) fees. It is currently anticipated that the Service Class shares of the Fund will commence operations on or following December 1, 2012.</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:4.5pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'> </font></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.25in;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><font style='font-size:10.0pt; font-family:"Times New Roman","serif"'>PLEASE KEEP THIS SUPPLEMENT FOR FUTURE REFERENCE</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;margin-bottom:10.0pt;line-height:115%;font-size:11.0pt;font-family:'calibri','sans-serif';"> </p>MBEAXMBECXMBEYXEX-101.SCH
3
ck0000879947-20121002.xsd
XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
0011 - Document - Document And Entity Information {Elements}link:calculationLinklink:presentationLinklink:definitionLink010005 - Document - Risk/Return Summary {Unlabeled} (Managers AMG Chicago Equity Partners Balanced Fund (Prospectus Summary):)link:presentationLinklink:calculationLinklink:definitionLink010010 - Schedule - Shareholder Feeslink:presentationLinklink:calculationLinklink:definitionLink010015 - Schedule - Annual Fund Operating Expenseslink:presentationLinklink:calculationLinklink:definitionLink010020 - Schedule - Expense Example {Transposed}link:presentationLinklink:calculationLinklink:definitionLink010025 - Schedule - Expense Example, No Redemption {Transposed}link:presentationLinklink:calculationLinklink:definitionLink010030 - Schedule - Annual Total Returnslink:presentationLinklink:calculationLinklink:definitionLink010035 - Schedule - Average Annual Total Returns {Transposed}link:presentationLinklink:calculationLinklink:definitionLinkEX-101.CAL
4
ck0000879947-20121002_cal.xml
XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT
EX-101.DEF
5
ck0000879947-20121002_def.xml
XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT
EX-101.LAB
6
ck0000879947-20121002_lab.xml
XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT
EX-101.PRE
7
ck0000879947-20121002_pre.xml
XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
GRAPHIC
8
g224295bei001.jpg
GRAPHIC
begin 644 g224295bei001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#0\(^'M.U/
MP!=ZE<)*+Z+S3'<),ZNI501C!]:ZJSU:];X7+JC3EKP:NX*>?K61X!_
MY)A?_2X_]`%6['_DC(_[!C_R-;2U?S.>&B5NQD:AHEGI/@*R\1V7FQZL!!,U
MWYK%Y&CYVRZC`K@$C().16?XA_P"2/6G_`%[VO\TK
M0^('_(%TO_L)6_\`,T7NUZA:R?HBM/I5MX;\;Z&FD&6VAOO.2X@$K,CA5R#@
MD\YI+C2;'6OB;>V^HP>?%'IT;JA=@`V[&>"*O>(_^1W\+?[]Q_Z`*;9_\E6U
M'_L&1_\`H5*[M?R&TKV\_P!"'QT@T7P7%8Z8SVD,ES'`?+O-4KFR
M@\*>+(+?10UK#<:>[2QAB5=ED4!B#WP3S6S\0[&:]\)3O;H7DM)$N0@_B"')
M_3-78;/2?$B6>NA3(7MML;!R,*Q!(QZY'Z4)V0W&\CSSPOH=[J'P]N[F#6;F
M"-#*6M!CRI`J@D''S<].#77RW45[\*)+F"W6VC?3&VPIT3Y<8'M65X!_Y)A?
M_2X_]`%6['_DC(_[!C_R-5+5_,B"LOD0>(?^2/6G_7O:_P`TJ]\159]`TY$D
M,;MJ$`5P,[3S@XJCXA_Y(]:?]>]K_-*T/B!_R!=+_P"PE;_S-);KU93V?HB[
M9>%9DUJ#5M5UBXU*>V5EMU>-8TCW<$X7J:Q;K3I]2^)U[%;ZGRZ=&Q>WV
MY8;NAR#Q7>5R5G_R5;4?^P9'_P"A5,6]2I12LO,Z6TMFM[&.VFG>Z95VM++C
M<_N<<5S?A<1^']9U+PR[XB4_;;/<>!$YP5_X"P/YUI^)M9FT2RM9X(HY&FO(
MH"'S@!C@GCO7(?$1V@\4:?+$Q1VLI%++P2-Z\415].X3:6O8V/"7A[4M*\#7
M>E7D*I=R^;M0.&!W+@@W(^'\6@W>(;AK-H'(.X*Q!].O6N;FU#4[G
M3]:UW^T[J.;3[XQ00H^(M@8#!7OD&O0S(1;F7'(3=C\*3DRE%'!SZ3XHU/PY
M:>%[C2H+:*(QI+?"Y#*40C!5>N3@=:W_`!?I%YJVG6,%C&':"^AE<,P7"*>3
MS6!"FI7OA"?Q,VM7J7H#S(B28B4*Q^79T(XK3\1:C=S>&-(N8KB6VDO)X!(T
M+;3AAR`:.9W%RJQUM6>NV/C>YUFPTE+Z">S2``W*Q$$')ZTXK>:#XJTNT
MCU2[N[6_$BR1W3ARI49!!QQ4/C_4KVQ-BME=2P%=\TGEMC#[
Managers AMG Chicago Equity Partners Balanced Fund (Prospectus Summary): | Managers AMG Chicago Equity Partners Balanced Fund
MANAGERS AMG CHICAGO EQUITY PARTNERS BALANCED FUND
Filed pursuant to Rule 497(e) File Nos. 033-43089 and 811-06431
MANAGERS TRUST II
MANAGERS AMG CHICAGO EQUITY PARTNERS BALANCED FUND
Supplement dated October 2, 2012 to the
Prospectus dated May 1, 2012, as supplemented July 1, 2012, July 16, 2012 and September 25, 2012
and Statement of Additional Information dated May 1, 2012, as supplemented September 25, 2012
The following information supplements and supersedes any information to the contrary relating to Managers AMG Chicago Equity Partners Balanced Fund (the “Fund”), a series of Managers Trust II (the “Trust”), contained in the Fund’s Prospectus (the “Prospectus”) and Statement of Additional Information (the “SAI”), each dated and supplemented as noted above.
Effective immediately, the description of the Fund’s principal investment strategies is modified to reflect the fact that the Fund’s Subadvisor, Chicago Equity Partners, LLC, may no longer typically construct the Fund’s portfolio to be generally neutral in terms of style tilts, industry weightings, and market capitalization.
At a meeting held on September 20-21, the Trust’s Board of Trustees approved the changes described below for the share classes of the Fund. In all cases the changes maintain or lower the expense ratios to affected shareholders.
Renaming Class A Shares as Investor Class Shares
Effective immediately after the close of business (4:00 PM EST) on November 30, 2012 (the “Closure Time”), the Fund will rename Class A shares as “Investor Class” shares and amend the features of the share class to conform to the features of other Investor Class shares in the Managers Family of Funds. These changes include eliminating the front-end sales loads, contingent deferred sales charges (“CDSCs”) and finder’s fees associated with sales of the share class. Investments in Investor Class shares of the Fund after the Closure Time will be subject to the fees and expenses applicable to Investor Class shares described in the then current prospectus.
Closing Class C Shares and Converting to Investor Class Shares
Effective as of the Closure Time, Class C shares of the Fund will be closed to all investors and will no longer be available for purchase. Immediately after the renaming of Class A shares to Investor Class shares described above (the “Conversion Time”), all outstanding Class C shares of the Fund will automatically convert to Investor Class shares of the Fund.
As of the Closure Time, Class C shares of the Fund will be closed to all investors and will no longer be available for purchase, including purchases by exchange. As of the Conversion Time, each shareholder’s outstanding Class C shares of the Fund will automatically convert to a number of full and/or fractional Investor Class shares of the Fund equal in value to the shareholder’s Class C shares of the Fund as of the Conversion Time (the “Investor Class Conversion”). The Investor Class Conversion will be effected without the imposition of front-end or deferred sales charges, and, accordingly, there will be no change in the overall value of a shareholder’s shares as of the Conversion Time resulting from the Investor Class Conversion. Investments in Investor Class shares of the Fund after the Conversion Time will be subject to the fees and expenses applicable to Investor Class shares described in the then current prospectus. Shareholders may redeem Class C shares of the Fund at any time until the Conversion Time without being subject to the deferred sales charges described in the Prospectus.
Creating New Service Class Shares
In connection with the share class changes described above, the Trust’s Board of Trustees also approved the establishment of a new class of shares for the Fund, to be designated as Service Class shares. Consistent with the features of other Service Class shares in the Managers Family of Funds, shareholders of the new Service Class shares of the Fund may pay shareholder servicing fees of up to 0.10% of the average daily net assets of the Service Class shares for shareholder servicing provided to shareholder accounts by financial intermediaries, such as broker-dealers, banks and trust companies. Shareholders of the new Service Class shares will not bear any distribution and service (12b-1) fees. It is currently anticipated that the Service Class shares of the Fund will commence operations on or following December 1, 2012.
Risk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicated
XML
14
Show.js
IDEA: XBRL DOCUMENT
/**
* Rivet Software Inc.
*
* @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved.
* Version 2.1.0.1
*
*/
var moreDialog = null;
var Show = {
Default:'raw',
more:function( obj ){
var bClosed = false;
if( moreDialog != null )
{
try
{
bClosed = moreDialog.closed;
}
catch(e)
{
//Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control
// that somtimes causes it to throw when checking the closed property on a child window that has been
//closed. So if the exception occurs we assume the window is closed and move on from there.
bClosed = true;
}
if( !bClosed ){
moreDialog.close();
}
}
obj = obj.parentNode.getElementsByTagName( 'pre' )[0];
var hasHtmlTag = false;
var objHtml = '';
var raw = '';
//Check for raw HTML
var nodes = obj.getElementsByTagName( '*' );
if( nodes.length ){
objHtml = obj.innerHTML;
}else{
if( obj.innerText ){
raw = obj.innerText;
}else{
raw = obj.textContent;
}
var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g );
if( matches && matches.length ){
objHtml = raw;
//If there is an html node it will be 1st or 2nd,
// but we can check a little further.
var n = Math.min( 5, matches.length );
for( var i = 0; i < n; i++ ){
var el = matches[ i ].toString().toLowerCase();
if( el.indexOf( '= 0 ){
hasHtmlTag = true;
break;
}
}
}
}
if( objHtml.length ){
var html = '';
if( hasHtmlTag ){
html = objHtml;
}else{
html = ''+
"\n"+''+
"\n"+' Report Preview Details'+
"\n"+' '+
"\n"+''+
"\n"+''+
objHtml +
"\n"+''+
"\n"+'';
}
moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes");
moreDialog.document.write( html );
moreDialog.document.close();
if( !hasHtmlTag ){
moreDialog.document.body.style.margin = '0.5em';
}
}
else
{
//default view logic
var lines = raw.split( "\n" );
var longest = 0;
if( lines.length > 0 ){
for( var p = 0; p < lines.length; p++ ){
longest = Math.max( longest, lines[p].length );
}
}
//Decide on the default view
this.Default = longest < 120 ? 'raw' : 'formatted';
//Build formatted view
var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ;
var formatted = '';
if( text.length > 0 ){
if( text.length == 1 ){
text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ;
formatted = "
"+ text.join( "
\n" ) +"
";
}else{
for( var p = 0; p < text.length; p++ ){
formatted += "
Filed pursuant to Rule 497(e) File Nos. 033-43089 and 811-06431
MANAGERS TRUST II
MANAGERS AMG CHICAGO EQUITY PARTNERS BALANCED FUND
Supplement dated October 2, 2012 to the
Prospectus dated May 1, 2012, as supplemented July 1, 2012, July 16, 2012 and September 25, 2012
and Statement of Additional Information dated May 1, 2012, as supplemented September 25, 2012
The following information supplements and supersedes any information to the contrary relating to Managers AMG Chicago Equity Partners Balanced Fund (the “Fund”), a series of Managers Trust II (the “Trust”), contained in the Fund’s Prospectus (the “Prospectus”) and Statement of Additional Information (the “SAI”), each dated and supplemented as noted above.
Effective immediately, the description of the Fund’s principal investment strategies is modified to reflect the fact that the Fund’s Subadvisor, Chicago Equity Partners, LLC, may no longer typically construct the Fund’s portfolio to be generally neutral in terms of style tilts, industry weightings, and market capitalization.
At a meeting held on September 20-21, the Trust’s Board of Trustees approved the changes described below for the share classes of the Fund. In all cases the changes maintain or lower the expense ratios to affected shareholders.
Renaming Class A Shares as Investor Class Shares
Effective immediately after the close of business (4:00 PM EST) on November 30, 2012 (the “Closure Time”), the Fund will rename Class A shares as “Investor Class” shares and amend the features of the share class to conform to the features of other Investor Class shares in the Managers Family of Funds. These changes include eliminating the front-end sales loads, contingent deferred sales charges (“CDSCs”) and finder’s fees associated with sales of the share class. Investments in Investor Class shares of the Fund after the Closure Time will be subject to the fees and expenses applicable to Investor Class shares described in the then current prospectus.
Closing Class C Shares and Converting to Investor Class Shares
Effective as of the Closure Time, Class C shares of the Fund will be closed to all investors and will no longer be available for purchase. Immediately after the renaming of Class A shares to Investor Class shares described above (the “Conversion Time”), all outstanding Class C shares of the Fund will automatically convert to Investor Class shares of the Fund.
As of the Closure Time, Class C shares of the Fund will be closed to all investors and will no longer be available for purchase, including purchases by exchange. As of the Conversion Time, each shareholder’s outstanding Class C shares of the Fund will automatically convert to a number of full and/or fractional Investor Class shares of the Fund equal in value to the shareholder’s Class C shares of the Fund as of the Conversion Time (the “Investor Class Conversion”). The Investor Class Conversion will be effected without the imposition of front-end or deferred sales charges, and, accordingly, there will be no change in the overall value of a shareholder’s shares as of the Conversion Time resulting from the Investor Class Conversion. Investments in Investor Class shares of the Fund after the Conversion Time will be subject to the fees and expenses applicable to Investor Class shares described in the then current prospectus. Shareholders may redeem Class C shares of the Fund at any time until the Conversion Time without being subject to the deferred sales charges described in the Prospectus.
Creating New Service Class Shares
In connection with the share class changes described above, the Trust’s Board of Trustees also approved the establishment of a new class of shares for the Fund, to be designated as Service Class shares. Consistent with the features of other Service Class shares in the Managers Family of Funds, shareholders of the new Service Class shares of the Fund may pay shareholder servicing fees of up to 0.10% of the average daily net assets of the Service Class shares for shareholder servicing provided to shareholder accounts by financial intermediaries, such as broker-dealers, banks and trust companies. Shareholders of the new Service Class shares will not bear any distribution and service (12b-1) fees. It is currently anticipated that the Service Class shares of the Fund will commence operations on or following December 1, 2012.
PLEASE KEEP THIS SUPPLEMENT FOR FUTURE REFERENCE
Managers AMG Chicago Equity Partners Balanced Fund | Class A
Risk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicated
The date the document was made available and submitted, in CCYY-MM-DD format. The date of submission, date of acceptance by the recipient, and the document effective date are all potentially different.
The date when a document, upon receipt and acceptance, becomes officially effective, in CCYY-MM-DD format. Usually it is a system-assigned date time value, but it may be declared by the submitter in some cases.
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements this will be the filing date. The format of the date is CCYY-MM-DD.
The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type should be limited to the same value as the supporting SEC submission type. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, NCSR, N-Q, and Other.