N-Q 1 dnq.htm MANAGERS TRUST II N-Q Managers Trust II N-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number: 811-06431

 

MANAGERS TRUST II

(Exact name of registrant as specified in charter)

 

800 Connecticut Avenue, Norwalk, Connecticut 06854

(Address of principal executive offices) (Zip code)

Managers Investment Group LLC

800 Connecticut Avenue, Norwalk, Connecticut 06854

(Name and address of agent for service)

Registrant’s telephone number, including area code: (203) 299-3500

 

Date of fiscal year end: March 31st

 

Date of reporting period: JUNE 30, 2006 (1st Quarter End Portfolio Holdings)

Item 1. SCHEDULE OF INVESTMENTS.

Managers Short Duration Government Fund

June 30, 2006

 

Schedule of Portfolio Investments (unaudited)

Security Description

   

Principal

Amount

    Value

U.S. Government and Agency Obligations – 90.0%1

      

Federal Home Association/Veteran’s Association – 0.5%

      

FHA/VA, 4.750%, 08/20/23, (10/01/06) 2

    $ 165,877    $ 166,171

FHA/VA, 5.125%, 10/20/17 to 12/20/25, (01/01/07) 2,9

      900,724      899,367

Total Federal Home Association/Veteran’s Association

         1,065,538

Federal Home Loan Mortgage Corporation – 17.6%

      

FHLMC, 2.807%, 07/01/34, (06/01/07) 2,9

      2,013,990      1,959,433

FHLMC, 3.047%, 05/01/34, (06/01/07) 2,9

      1,058,918      1,040,757

FHLMC, 5.000%, 05/01/18 to 06/01/09

      5,314,723      5,126,744

FHLMC, 5.500%, 08/01/19 to 12/01/17

      2,928,130      2,876,408

FHLMC, 5.500%, TBA

      1,150,000      1,127,719

FHLMC, 5.572%, 10/01/35, (10/01/10) 2

      1,644,872      1,629,788

FHLMC, 5.619%, 06/15/35, (08/15/06) 2,9

      11,953,782      11,707,013

FHLMC, 6.000%, 09/01/17 to 05/01/35

      1,896,078      1,874,006

FHLMC, 7.500%, 04/01/15

      813,404      845,166

FHLMC Gold Pool, 4.000%, 12/01/20

      5,523,959      5,073,349

FHLMC Gold Pool, 5.000%, 04/01/19 to 08/01/19

      1,062,294      1,024,026

FHLMC Gold Pool, 6.000%, 09/01/17

      1,122,041      1,124,240

FHLMC Gold Pool, 7.500%, 04/01/15 to 04/01/29

      344,545      358,237

FHLMC Gold Pool, 8.500%, 12/01/25 9

      96,073      102,959

FHLMC Structured Pass Through Securities, 4.391%, 11/25/38

      849,867      834,673

FHLMC Structured Pass Through Securities, 7.500%, 02/25/42

      224,712      230,749

FHLMC Structured Pass Through Securities, 7.500%, 08/25/42 2

      378,832      386,598

Total Federal Home Loan Mortgage Corporation

         37,321,865

Federal National Mortgage Association – 51.9%

      

FNMA, 3.180%, 07/25/44

      327,762      324,512

FNMA, 3.559%, 09/01/33, (09/01/06) 2

      1,633,339      1,623,986

FNMA, 4.280%, 03/25/332

      2,166,198      2,134,927

FNMA, 5.000%, 07/01/18 to 09/01/19 9

      5,083,189      4,902,139

FNMA, 5.000%, TBA

      5,600,000      5,391,747

FNMA, 5.250%, 04/15/07

      60,000      59,859

FNMA, 5.525%, 10/25/33, (08/25/06) 2

      1,445,991      1,449,523

FNMA, 5.485%, 09/25/32, (08/25/06) 2

      80,732      80,736

FNMA, 5.495%, 09/26/33, (08/26/06) 2

      39,523      39,530

FNMA, 5.500%, 11/01/18 to 12/01/18 9

      3,494,045      3,429,737

FNMA, 5.500%, TBA

      28,900,000      28,328,812

FNMA, 5.504%, 05/01/36, (05/01/11) 2

      1,009,958      1,000,619

FNMA, 5.515%, 01/01/36, (01/01/11) 2

      1,576,317      1,568,878

FNMA, 5.545%, 06/25/35, (08/25/06) 2,9

      3,616,733      3,628,331

FNMA, 5.580%, 05/01/36, (05/01/11) 2

      2,001,836      1,996,667

FNMA, 5.700%, 07/01/09

      932,491      928,030

FNMA, 5.730%, 11/01/08

      270,329      269,241

FNMA, 5.785%, 03/25/35 to 07/25/44, (08/25/06) 2,9

      15,676,449      15,691,559

FNMA, 6.000%, 03/01/17 to 08/01/17

      1,223,690      1,228,282

FNMA, 6.010%, 12/01/089

      4,408,832      4,411,643

FNMA, 6.040%, 10/01/08

      1,165,094      1,166,375

FNMA, 6.220%, 07/01/08

      206,598      207,212

FNMA, 6.230%, 09/01/08 9

      2,524,351      2,533,064

FNMA, 6.265%, 06/01/08

      89,477      89,762

FNMA, 6.305%, 02/01/08

      10,486      10,482

FNMA, 6.473%, 10/25/31 2

      345,326      344,121

FNMA, 6.500%, 04/01/17

      1,323,088      1,342,275

FNMA, 6.510%, 01/01/08

      147,592      148,153

FNMA, 6.620%, 11/01/07 to 01/01/08 9

      1,849,311      1,856,012

FNMA, 6.740%, 06/01/09

      919,530      917,317

FNMA, 6.750%, 08/01/07 9

      1,779,481      1,783,198

FNMA, 6.825%, 09/01/07 9

      2,293,240      2,301,203

FNMA, 7.500%, 10/01/15 to 12/25/42 9

      4,765,510      4,893,865

FNMA, 7.516%, 08/25/31 2

      201,384      200,703

FNMA Grantor Trust, 5.505%, 05/25/32, (08/25/06) 2

      877,247      877,264

FNMA Grantor Trust, 5.525%, 03/25/33, (08/25/06) 2

      394,826      394,886

FNMA Grantor Trust, 5.535%, 01/25/35, (08/25/06) 2,9

      2,793,701      2,797,453

Managers Short Duration Government Fund

June 30, 2006

 

Schedule of Portfolio Investments (unaudited)

Security Description

   

Principal

Amount

    Value

Federal National Mortgage Association (continued)

      

FNMA Whole Loan, 5.585%, 05/25/35, (08/25/06) 2,9

    $ 8,103,669    $ 8,136,736

FNMA Whole Loan, 5.835%, 02/25/47, (08/25/06) 2

      1,685,173      1,695,454

Total Federal National Mortgage Association

         110,184,293

Government National Mortgage Association – 17.7%

      

GNMA, 3.500%, 07/20/35 to 09/20/35, (10/01/06) 2, 9

      9,976,712      9,738,934

GNMA, 4.000%, 06/20/35 to 09/20/35, (10/01/06 to 07/01/07) 2,9

      4,204,249      4,152,420

GNMA, 4.375%, 06/20/22 to 05/20/33, (07/01/07) 2

      3,673,033      3,674,036

GNMA, 4.500%, 08/20/32 to 10/20/34, (10/01/06 to 01/01/07) 2,9

      11,693,664      11,655,773

GNMA, 4.750%, 07/20/18 to 01/20/32, (10/01/06 to 04/01/07) 2

      1,248,996      1,246,083

GNMA, 5.000%, 10/20/32 to 03/20/35, (01/01/07 to 04/01/07) 2,9

      1,680,996      1,675,732

GNMA, 5.125%, 11/20/17 to 11/20/23, (01/01/07) 2

      1,296,151      1,301,939

GNMA, 5.250%, 01/20/28, (04/01/07) 2

      203,023      202,439

GNMA, 5.375%, 03/20/21 to 03/20/23, (04/01/07) 2

      315,645      316,611

GNMA, 5.500%, 01/20/34, (04/01/07) 2,

      3,401,228      3,389,590

GNMA, 6.000%, 07/20/28 9

      292,961      292,494

GNMA, 9.500%, 07/15/09 to 12/15/17

      39,189      42,022

Total Government National Mortgage Association

         37,688,073

Interest Only Strips – 1.7%

      

FHLMC IO Strip, 4.500%, 08/15/35 to 09/15/35

      1,052,448      274,328

FHLMC IO Strip, 4.510%, 11/15/30

      473,531      17,915

FHLMC IO Strip, 5.000%, 05/15/18 to 08/01/35

      6,633,816      1,598,153

FHLMC IO Strip, 7.500%, 10/01/27

      88,212      20,981

FHLMC IO Strip, 8.000%, 06/01/31

      22,018      5,364

FNMA IO Strip, 1.844%, 01/25/24, (08/25/06) 2

      162,447      6,769

FNMA IO Strip, 5.000%, 02/01/35 to 12/01/35

      5,994,876      1,570,812

FNMA IO Strip, 7.500%, 11/18/14

      240,181      30,555

FNMA IO Strip, 8.000%, 08/25/22 to 05/01/30

      339,591      80,134

FNMA IO Strip, 9.000%, 12/15/16

      85,896      22,598

Total Interest Only Strips

         3,627,609

U.S. Treasury Notes – 0.6%

      

USTN, 2.625%, 05/15/08 7,9

      1,260,000      1,203,153

Total U.S. Government and Agency Obligations (cost $193,404,408)

         191,090,531

Corporate Bonds – 20.6%

      

Asset-Backed Securities – 20.3%

      

Asset Securitization Corp., 7.040%, 11/13/29

      2,476,984      2,491,919

Countrywide Home Loans, 5.885%, 02/25/35, (08/25/06) 2

      4,059,689      4,088,152

Deutsche Alt-A Securities Inc. Mortgage Loan, 6.250%, 07/25/36 2

      1,600,000      1,601,015

DLJ Commercial Mortgage Corp., 6.410%, 06/10/31

      1,351,070      1,364,113

FNMA Grantor Trust Pass Through, Series 2004-T1, Class 1A2, 6.500%, 01/25/44

      1,353,251      1,365,349

First Franklin Mortgage Loan Asset Backed Certificates, Series 2005-FF10, Class A4, 5.705%, 11/25/35, (08/25/06) 2

      1,800,000      1,796,344

GE Capital Commercial Mortgage Corporation, 6.496%, 01/15/33

      525,000      538,229

GMAC, 6.957%, 09/15/35

      1,570,000      1,637,810

GMAC, 7.724%, 03/15/33 7,9

      7,341,000      7,754,383

GMAC, Series 2000-C2, Class A2, 7.455%, 08/16/33

      1,081,817      1,137,723

Greenwich Capital Commercial Funding Corp., Class A2, Series 2005-GG3, 4.305%, 08/10/42

      1,754,000      1,680,278

Harborview Mortgage Loan Trust, 5.780%, 11/19/34, (08/19/06) 2

      4,548,229      4,570,990

Merrill Lynch Mortgage Investors, Inc., 7.560%, 11/15/31

      2,614,479      2,717,054

PNC Mortgage Acceptance, 7.300%, 10/12/33

      2,351,000      2,466,355

Salomon Brothers Mortgage, 7.455%, 07/18/33

      323,262      338,059

Structured Asset Investment Loan Trust, 5.925%, 12/25/34, (08/25/06) 2

      5,000,000      5,031,173

Washington Mutual, Class 2A3, Series 2005-AR2, 5.735%, 01/25/45, (08/25/06) 2

      2,594,058      2,604,114

Total Asset-Backed Securities

         43,183,060

Asset-Backed Interest Only Strips – 0.3%

      

Bank of America-First Union IO Strip, Series 2001-3, Class XC, 0.558%, 04/11/37 2,3

      5,201,336      213,376

CS First Boston Mortgage Sec. Corp., IO Strip, Series 1998-C1, Class AX, 0.973%, 05/17/40 2

      3,416,911      101,093

Managers Short Duration Government Fund

June 30, 2006

 

Schedule of Portfolio Investments (unaudited)

Security Description

   

Principal

Amount

    Value  

Asset-Backed Interest Only Strips (continued)

      

CS First Boston Mortgage IO Strip, 0.569%, 12/15/35 2,3

    $ 1,704,224    $ 71,203  

GMAC, Series 1999-C1 IO Strip, Class X, 0.587%, 05/15/33 2

      10,060,129      163,640  

Total Asset-Backed Interest Only Strips

         549,312  

Total Corporate Bonds (cost $45,670,088)

         43,732,372  
     Shares       

Preferred Stock – 0.7% 3

      

Home Ownership Funding Corp., 13.331% (cost $1,933,867)

      7,300      1,483,497  

Short-Term Investments – 7.4%

      

Other Investment Companies – 7.0% 4

      

Bank of New York Institutional Cash Reserves Fund, 5.22% 8

      6,034,874      6,034,874  

JPMorgan Prime Money Market Fund, Institutional Class Shares, 4.98%

      8,736,899      8,736,899  

Total Other Investment Companies

         14,771,773  
    

Principal

Amount

       

U.S. Government Agency Discount Notes — 0.4% 5,6

      

FHLMC Discount Notes, 0.000%, 08/22/06

    $ 650,000      645,332  

FHLMC Discount Notes, 0.000%, 09/29/06

      100,000      98,722  

FNMA Discount Notes, 0.000%, 07/17/06

      100,000      99,800  

Total U.S. Government Agency Discount Notes

         843,854  

Total Short-Term Investments (cost $15,616,415)

         15,615,627  

Total Investments – 118.7% (cost $256,624,778)

         251,922,027  

Other Assets, less Liabilities – (18.7)%

         (39,649,064 )

Net Assets – 100.0%

       $ 212,272,963  

Managers Intermediate Duration Government Fund

June 30, 2006

 

Schedule of Portfolio Investments (unaudited)

Security Description

   

Principal

Amount

    Value

U.S. Government and Agency Obligations – 103.1%1

      

Federal Home Mortgage Corporation – 49.2%

      

FHLMC, 4.500%, 04/01/35

    $ 841,706    $ 765,520

FHLMC, 5.000%, 05/01/18

      598,483      577,392

FHLMC, 5.500%, 11/01/17 to 05/01/34

      6,691,038      6,498,835

FHLMC, 5.639%, 01/01/36, (01/01/13) 2,9

      12,085,567      11,921,582

FHLMC, 6.000%, 09/01/17 to 07/01/35

      5,438,193      5,371,005

FHLMC, 7.500%, 01/01/31

      97,020      100,624

FHLMC Gold Pool, 4.000%, 12/01/20

      1,163,578      1,068,661

FHLMC Gold Pool, 4.500%, 05/01/34 to 01/01/36 9

      21,082,134      19,133,509

FHLMC Gold Pool, 5.000%, 04/01/19 to 08/01/19

      487,483      469,922

FHLMC Gold Pool, 5.500%, 10/01/33 to 06/01/35 9

      40,071,941      38,586,399

FHLMC, Series 2186, Class PG, 6.000%, 07/15/28

      109,984      110,389

FHLMC Structured Pass Through Securities, 7.500%, 08/25/42 2

      530,365      541,238

Total Federal Home Loan Mortgage Corporation

         85,145,076

Federal National Mortgage Association – 49.2%

      

FNMA, 4.500%, 03/01/35 to 09/01/35 9

      6,987,646      6,334,883

FNMA, 5.000%, 06/01/18 to 07/17/18

      4,116,339      3,967,211

FNMA, 5.000%, TBA

      23,000,000      21,497,824

FNMA, 5.500%, 03/01/17 to 07/14/33

      35,191,398      34,243,043

FNMA, 5.625%, 02/01/36, (01/01/11) 2

      579,883      577,044

FNMA, 5.785%, 03/25/35, (08/25/06) 2,9

      3,373,301      3,352,417

FNMA, 6.000%, 08/01/17

      677,708      680,297

FNMA, 6.500%, 11/01/28 to 07/01/32

      853,609      859,865

FNMA, 6.500%, TBA

      10,500,000      10,552,500

FNMA, 7.000%, 03/25/24 9

      2,750,000      2,826,427

FNMA, 7.500%, 10/25/42

      316,344      324,857

Total Federal National Mortgage Association

         85,216,368

Government National Mortgage Association – 0.7%

      

GNMA, 4.375%, 06/20/16 to 05/20/21, (07/01/07) 2

      158,697      158,633

GNMA, 4.750%, 08/20/17 to 08/20/18, (10/01/06) 2

      261,937      262,379

GNMA, 5.125%, 11/20/17 to 12/20/17, (01/01/07) 2

      525,456      527,627

GNMA, 5.375%, 03/20/16, (04/01/07)2

      58,280      58,354

GNMA, 7.500%, 09/15/28 to 11/15/31

      168,364      176,153

Total Government National Mortgage Association

         1,183,146

Interest/Principal Only Strips – 4.0%

      

FHLMC IO Strip, 1.331%, 11/15/18, (08/15/06) 2

      1,065,395      32,702

FHLMC IO Strip, 1.731%, 11/15/30, (08/15/06) 2

      384,606      14,551

FHLMC IO Strip, 2.281%, 09/15/16 to 10/15/06, (08/15/06) 2

      912,689      38,687

FHLMC IO Strip, 2.531%, 06/15/31, (08/15/06) 2

      134,671      6,433

FHLMC IO Strip, 4.500%, 04/15/22 to 09/15/35

      2,068,389      483,310

FHLMC IO Strip, 5.000%, 05/15/17 to 09/15/35 9

      11,514,733      2,841,712

FHLMC IO Strip, 6.000%, 05/01/31

      17,062      4,256

FNMA IO Strip, 4.000%, 09/01/33 to 09/01/34

      2,059,546      289,139

FNMA IO Strip, 4.500%, 07/25/19 to 09/01/33

      802,148      138,143

FNMA IO Strip, 5.000%, 11/01/33 to 12/01/35

      10,501,215      2,633,518

FNMA IO Strip, 7.000%, 04/01/23 to 06/01/23

      593,255      132,463

FNMA PO Strip, 5.420%, 07/01/335,10

      600,884      412,248

Total Interest/Principal Only Strips

         7,027,162

Total U.S. Government and Agency Obligations (cost $182,478,255)

         178,571,752

Asset-Backed Securities – 15.8%

      

AHMA, Series 2005-1, Class 1A1, 4.139%, 11/25/35 2

      1,933,820      1,936,121

American Home Loan Investment Trust, 5.294%, 06/25/45, (03/25/10) 2

      3,947,342      3,872,794

American Home Mortgage Investment Trust, 3.280%, 04/25/44, (02/25/09) 2

      477,646      460,198

American Home Mortgage Investment Trust, 4.390%, 02/25/45, (11/25/09) 2

      1,977,781      1,921,550

American Home Mortgage Investment Trust, 5.001%, 06/25/45, (03/25/08) 2

      536,058      529,881

Bank of America Funding Corp., 3.942%, 12/20/34 2

      1,024,070      1,018,525

Bear Stearns Alt-A Trust, 4.934%, 04/25/35 2

      724,549      712,037

Countrywide Alternative Loan Trust, 5.685%, 05/25/35, (08/25/06) 2

     1,225,058      1,215,166

Managers Intermediate Duration Government Fund

June 30, 2006

 

Schedule of Portfolio Investments (unaudited)

Security Description

   

Principal

Amount

    Value  

Asset-Backed Securities (continued)

      

Countrywide Alternative Loan Trust, 6.000%, 06/25/34

    $ 900,732    $ 882,866  

Countrywide Home Loan, 4.498%, 05/20/35 2

      473,851      466,040  

Countrywide Home Loans, Inc., Series 2004-R2, Class 1AF1, 5.805%, 11/25/34, (08/25/06) 2,3

      749,029      742,115  

Countrywide Home Loans, Inc., Series 2005-HYB8, Class 1A1, 5.082%, 12/20/352

      390,528      387,649  

DLJ Commercial Mortgage Corp., 6.410%, 06/10/31

      209,793      211,819  

GSMPS Mortgage Loan Trust, 5.735%, 03/25/35, (08/25/06) 2

      586,870      589,234  

GSR Mortgage Loan Trust, 3.685%, 05/25/34, (02/25/07) 2

      736,880      725,768  

Harborview Mortgage Loan Trust, 3.756%, 11/19/34 2

      808,683      796,499  

Master Alternative Loans Trust, 6.000%, 01/25/35 9

      2,113,074      2,095,898  

Merrill Lynch Mortgage Investors, Inc., 7.560%, 11/15/31

      1,913,496      1,988,568  

Morgan Stanley Mortgage Loan Trust, 6.181%, 08/25/35 2

      2,239,925      2,204,227  

Residential Asset Mortgage Products, Inc., Series-RS1, Class AII1, 5.495%, 01/25/35, (08/25/06) 2

      411,114      411,161  

Structured Asset Securities Corp., Series 2005-RF1, Class A, 3.735%, 03/25/35, (08/25/06) 2

      718,240      716,891  

Washington Mutual Mortgage Pass-Through Certificates, 6.000%, 10/25/35

      3,504,358      3,454,600  

Total Asset-Backed Securities (cost $27,935,376)

         27,339,607  
     Shares       

Preferred Stocks – 0.4%3

      

Home Ownership Funding Corp., 13.331%

      1,500      304,828  

Home Ownership Funding Corp. 2, 13.338%

      1,500      304,969  

Total Preferred Stocks (cost $598,631)

         609,797  

Short-Term Investments – 16.9%

      

Other Investment Companies – 16.8%4

      

AIM Liquid Asset Portfolio, Institutional Class Shares, 5.06%

      9,183,899      9,183,899  

Calvert Cash Reserves Institutional Prime Fund, Institutional Class Shares, 4.96%9

      12,718,784      12,718,784  

JPMorgan Prime Money Market Fund, Institutional Class Shares, 4.98%

      7,208,358      7,208,358  

Total Other Investment Companies

         29,111,041  
     Principal
Amount		       

U.S. Government Agency Discount Notes- 0.1%5,6

      

FHLMC Discount Notes, 0.000%, 08/22/06

    $ 250,000      248,205  

Total Short-Term Investments (cost $29,359,343)

         29,359,246  

Total Investments – 136.2% (cost $240,371,605)

         235,880,402  

Other Assets, less Liabilities – (36.2)%

         (62,699,383 )

Net Assets – 100.0%

       $ 173,181,019  

The following footnotes and abbreviations are to be read in conjunction with the Schedules of Portfolio Investments previously presented in this report.

At June 30, 2006, the cost of securities for Federal income tax purposes and the gross aggregate unrealized appreciation and/or depreciation based on tax cost were approximately as follows:

 

Fund

    Cost    Appreciation    Depreciation     Net  

Short Duration

    $ 256,624,778    $ 634,680    $ (5,337,431 )   $ (4,702,751 )

Intermediate Duration

      240,371,605      730,350      (5,221,556 )     (4,491,206 )
1 Mortgage-backed obligations and other assets are subject to principal paydowns as a result of prepayments or refinancings of the underlying mortgage instruments. As a result, the average life may be substantially less than the original maturity. The interest rate shown is the rate in effect at June 30, 2006.
2 Variable Rate Security. The rate listed is as of June 30, 2006. Date in parenthesis represents the security’s next coupon rate reset.
3 Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified buyers. At June 30, 2006, the value of these securities amounted to the following:

 

Fund

    Market
Value		    % of Net Assets  

Short Duration

    $ 1,768,076    0.8 %

Intermediate Duration

      1,351,912    0.8 %

 

4 Yield shown for an investment company represents the June 30, 2006, seven-day average yield, which refers to the sum of the previous seven days’ dividends paid, expressed as an annual percentage.
5 Zero-coupon security.
6 Security pledged to cover margin requirements for open futures positions at June 30, 2006.
7 Some or all of these securities were out on loan to various brokers as of June 30, 2006, amounting to $5,856,200, representing 2.8% of net assets for Short Duration.
8 Collateral received from brokers for securities lending was invested in these short-term investments.
9 All or part of security has been segregated for delayed delivery transactions and reverse repurchase agreements.
10 Indicates yield to maturity at June 30, 2006

Security Ratings (unaudited):

The composition of debt holdings as a percentage of portfolio assets is as follows:

 

S&P/Moody’s Ratings

    Gov’t/AAA     AA     A     BBB     BB     Not Rated  

Short Duration

    97.9 %   0.6 %   0.0 %   0.0 %   0.0 %   1.5 %

Intermediate Duration

    99.9     0.1     0.0     0.0     0.0     0.0  

Investments Abbreviations:

DLJ: Donaldson, Lufkin & Jenrette Securities Corp.

FHA/VA: Federal Home Association/Veteran’s Association

FHLMC: Federal Home Loan Mortgage Corp.

FNMA: Federal National Mortgage Association

GMAC: General Motors Acceptance Corp.

GNMA: Government National Mortgage Association

GSMPS: Goldman Sachs Mortgage Participating Security

GSR: Goldman Sachs REMIC

IO: Interest Only

PO: Principal Only

TBA: To Be Announced

USTN: United States Treasury Note

Item 2. Controls and Procedures.

 

(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3 (c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15 (b)).

 

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications of principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940 are attached as Exhibit 99.CERT

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

MANAGERS TRUST II

By:

  

/s/ Peter M. Lebovitz

 

Peter M. Lebovitz,

President

Date: August 11, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:

  

/s/ Peter M. Lebovitz

 

Peter M. Lebovitz,

President

Date: August 11, 2006

By:

  

/s/ Bruce M. Aronow

 

Bruce M. Aronow,

Chief Financial Officer

Date: August 11, 2006