XML 14 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Apr. 01, 2012
Managers Global Income Opportunity Fund (Prospectus Summary): | Managers Global Income Opportunity Fund
  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return, Heading rr_RiskReturnHeading Managers Global Income Opportunity Fund  
Supplement Text ck0000720309_SupplementTextBlock

THE MANAGERS FUNDS

Managers Global Income Opportunity Fund

Supplement dated July 1, 2012 to the Prospectus dated April 1, 2012

The following information supplements and supersedes any information to the contrary relating to Managers Global Income Opportunity Fund (the “Fund”), a series of The Managers Funds (the “Trust”), contained in the Fund’s prospectus dated April 1, 2012 (the “Prospectus”).

At a meeting held on June 21-22, 2012, the Trust’s Board of Trustees approved a new contractual expense limitation with respect to the Fund described in further detail below and in the footnotes to the Fund’s expense table. Effective July 1, 2012, Managers Investment Group LLC has contractually agreed until at least May 1, 2014, to limit the Fund’s total annual operating expenses (exclusive of taxes interest (including interest incurred in connection with bank and custody overdrafts), shareholder servicing fees, distribution and service (12b-1) fees, brokerage commissions and other transaction costs, acquired fund fees and expenses, and extraordinary expenses) to 0.99% of average daily net assets of the Fund. Immediately prior to July 1, 2012, the Fund had a contractual expense limitation of 1.10%.

Effective July 1, 2012, the “Annual Fund Operating Expenses” table under the section titled “Fees and Expenses of the Fund” and the section titled “Expense Example” on page 9 of the Prospectus are hereby replaced with the following:

 

 
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-05-01  
Expense, Heading rr_ExpenseHeading FEES AND EXPENSES OF THE FUND  
Expense, Narrative rr_ExpenseNarrativeTextBlock

The table below describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

 
Shareholder Fees, Caption rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses, Caption rr_OperatingExpensesCaption Annual Fund Operating Expenses(expenses that you pay each year as a percentage of the value of your investment)  
Expense Example, Heading rr_ExpenseExampleHeading EXPENSE EXAMPLE  
Expense Example, Narrative rr_ExpenseExampleNarrativeTextBlock

This Example will help you compare the cost of investing in the Fund to the cost of investing in other mutual funds. The Example makes certain assumptions. It assumes that you invest $10,000 as an initial investment in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. It also assumes that your investment has a 5% total return each year and the Fund’s operating expenses remain the same. The Example reflects the impact of the Fund’s contractual expense limitation through May 1, 2014.
Expense Example, By Year, Caption rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on the above assumptions, your costs would be:
Supplement Closing ck0000720309_SupplementClosingTextBlock

PLEASE KEEP THIS SUPPLEMENT FOR FUTURE REFERENCE

 

 
Managers Global Income Opportunity Fund | Managers Global Income Opportunity Fund
  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol MGGBX
Redemption/Exchange Fee (as a percentage of the amount redeemed, if applicable, within 60 days of purchase) rr_RedemptionFeeOverRedemption (1.00%)
Management Fee rr_ManagementFeesOverAssets 0.70%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.69%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.39%
Fee Waiver and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.40%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements rr_NetExpensesOverAssets 0.99%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 108
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 407
Expense Example, With Redemption, 5 Years rr_ExpenseExampleYear05 729
Expense Example, With Redemption, 10 Years rr_ExpenseExampleYear10 1,640
[1] Managers Investment Group LLC (the “Investment Manager”) has contractually agreed, through at least May 1, 2014, to waive management fees and/or reimburse Fund expenses in order to limit Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements (exclusive of taxes, interest (including interest incurred in connection with bank and custody overdrafts), brokerage commissions and other transaction costs, acquired fund fees and expenses, and extraordinary expenses) to 0.99% of the Fund’s average daily net assets subject to later reimbursement by the Fund in certain circumstances. In general, for a period of up to 36 months from the time of any waiver, reimbursement, or payment pursuant to the Fund’s contractual expense limitation, the Investment Manager may recover from the Fund fees waived and expenses paid to the extent that such repayment would not cause the Fund’s Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements to exceed the contractual expense limitation amount. The contractual expense limitation may only be terminated upon termination of the Fund’s investment advisory agreement with the Investment Manager or by mutual agreement between the Investment Manager and the Fund’s Board of Trustees.