0001193125-12-510756.txt : 20121221 0001193125-12-510756.hdr.sgml : 20121221 20121220183310 ACCESSION NUMBER: 0001193125-12-510756 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20121221 DATE AS OF CHANGE: 20121220 EFFECTIVENESS DATE: 20121221 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: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-43089 FILM NUMBER: 121278354 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 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: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-06431 FILM NUMBER: 121278355 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 S000009899 Managers AMG GW&K Fixed Income Fund C000027393 Investor Class MFDAX C000027395 Class C MFDCX C000027396 Institutional Class MFDYX C000121207 Service Class 485BPOS 1 d457318d485bpos.htm MANAGERS TRUST II MANAGERS TRUST II

As filed with the Securities and Exchange Commission on December 21, 2012

1933 Act Registration No. 033-43089

1940 Act Registration No. 811-06431

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-1A

REGISTRATION STATEMENT

UNDER

      THE SECURITIES ACT OF 1933    x
   Pre-Effective Amendment No.    ¨
   Post-Effective Amendment No. 52    x

REGISTRATION STATEMENT

      UNDER     
   THE INVESTMENT COMPANY ACT OF 1940    x
   Amendment No. 54    x

 

 

MANAGERS TRUST II

(Exact name of registrant as specified in charter)

 

 

800 Connecticut Avenue

Norwalk, Connecticut 06854

(Address of principal executive offices)

Registrant’s telephone number, including area code: (800) 835-3879

 

 

Gregory C. Davis

Rajib Chanda

Ropes & Gray LLP

Three Embarcadero Center

San Francisco, CA 94111-4006

(Name and address of agent for service)

 

 

It is proposed that this filing will become effective:

 

  x immediately upon filing pursuant to paragraph (b)

 

  ¨ on (date) pursuant to paragraph (b)

 

  ¨ 60 days after filing pursuant to paragraph (a)(1)

 

  ¨ on (date) pursuant to paragraph (a)(1)

 

  ¨ 75 days after filing pursuant to paragraph (a)(2)

 

  ¨ On (date) pursuant to (a)(2) of rule 485

If appropriate, check the following box:

 

  ¨ This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

The Amendment relates solely to Managers AMG GW&K Fixed Income Fund, a series of Managers Trust II.

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, each as amended, Managers Trust II certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act of 1933, as amended, and has duly caused this amendment to the registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Norwalk, and State of Connecticut, on the 21 day of December, 2012.

 

 

MANAGERS TRUST II
By:  

/s/ Donald S. Rumery

  Donald S. Rumery
  Treasurer, Chief Financial Officer, and Principal Financial Officer

Pursuant to the requirements of the Securities Act, this amendment to the registration statement has been signed below by the following persons in the capacities and on the date indicated:

 

Signature

  

Title

 

Date

/s/ Jack W. Aber*

Jack W. Aber

   Trustee   December 21, 2012

/s/ Bruce B. Bingham*

Bruce B. Bingham

   Trustee   December 21, 2012

/s/ Christine C. Carsman*

Christine C. Carsman

   Trustee   December 21, 2012

/s/ William E. Chapman, II*

William E. Chapman, II

   Trustee   December 21, 2012

/s/ Edward J. Kaier*

Edward J. Kaier

   Trustee   December 21, 2012

/s/ Steven J. Paggioli*

Steven J. Paggioli

   Trustee   December 21, 2012

/s/ Eric Rakowski*

Eric Rakowski

   Trustee   December 21, 2012

/s/ Thomas R. Schneeweis*

Thomas R. Schneeweis

   Trustee   December 21, 2012

/s/ Keitha L. Kinne

Keitha L. Kinne

  

President and

Principal Executive Officer

(Principal Executive Officer)

  December 21, 2012

/s/ Donald S. Rumery

Donald S. Rumery

  

Treasurer,

Chief Financial Officer, and

Principal Financial Officer

(Principal Accounting Officer)

(Principal Financial Officer)

  December 21, 2012
    

 

*By:  

/s/ Donald S. Rumery

  Pursuant to Powers of Attorney incorporated herein by reference
  Date: December 21, 2012


MANAGERS TRUST II

Exhibit Index

 

Exhibit No.

  

Exhibit Name

EX-101.INS    XBRL Instance Document
EX-101.SCH    XBRL Taxonomy Extension Schema Document
EX-101.CAL    XBRL Taxonomy Extension Calculation Linkbase
EX.101.DEF    XBRL Taxonomy Extension Definition Linkbase
EX.101.LAB    XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE    XBRL Taxonomy Extension Presentation Linkbase
EX-101.INS 2 ck0000879947-20120630.xml XBRL INSTANCE DOCUMENT 485BPOS 2012-06-30 0000879947 2012-11-30 MANAGERS TRUST II false 2012-11-30 2012-11-30 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells<br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when Fund<br />shares are held in a taxable account. These costs, which are not reflected in<br />Annual Fund Operating Expenses or in the Example, affect the Fund's performance.<br />During the most recent fiscal year, the Fund's portfolio turnover rate was 28%<br />of the average value of its portfolio.</tt> <div style="display:none">~ http://www.managersinvest.com/role/ExpenseExample_S000009899Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.managersinvest.com/role/BarChartData_S000009899Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Managers AMG GW&amp;K Fixed Income Fund's (the "Fund" or "Fixed Income Fund")<br />investment objective is to achieve the highest level of income as is consistent<br />with the preservation of capital.</tt> <tt>This Example will help you compare the cost of investing in the Fund to the cost<br />of investing in other mutual funds. The Example makes certain assumptions. It<br />assumes that you invest $10,000 as an initial investment in the Fund for the<br />time periods indicated and then redeem all of your shares at the end of those<br />periods. It also assumes that your investment has a 5% total return each year<br />and the Fund's operating expenses remain the same. The Example reflects the<br />impact of the Fund's contractual expense limitation through May 1, 2014.</tt> reflects no deduction for fees, expenses, or taxes <tt>The Fund seeks to achieve its objective by investing in a diversified portfolio<br />of fixed income securities.<br /> <br />Under normal circumstances, the Fund will invest at least 80% of its net assets,<br />plus the amount of any borrowings for investment purposes, in debt securities of<br />U.S. and foreign issuers.<br /> <br />The Fund may invest in debt securities issued by any of the following: public<br />and private U.S. companies; foreign companies; the U.S. government and its<br />agencies, such as the Federal Home Loan Bank; state and local governments<br />issuing taxable municipal securities; and foreign governments, their agencies<br />and instrumentalities, including issuers in emerging markets. The Fund may also<br />invest in asset-backed debt securities. With respect to the portion of the Fund<br />invested in debt securities, up to 20% of the Fund's assets may be invested in<br />below-investment-grade securities (those rated Ba1/BB+ or lower by Moody's<br />Investors Service, Inc. ("Moody's")/Standard &amp; Poor's Corporation ("S&amp;P")). The<br />Fund seeks to achieve its objective by investing in a diversified portfolio of<br />fixed income securities.<br /> <br />While the Fund may purchase debt securities of any duration, the Fund will<br />primarily invest in debt securities so that the overall duration of the Fund's<br />portfolio will remain +/- 20% of the duration of its benchmark, the Barclays<br />U.S. Aggregate Bond Index. As of October 31, 2012, the duration of the benchmark<br />was 5.02 years. The average duration of debt securities in the Fund's portfolio<br />may, however, be shorter or longer depending on market conditions.<br /> <br />The Fund may invest up to 20% of its net assets in equity securities of any<br />capitalization range, including foreign and domestic common and preferred<br />stocks, as well as warrants and other equity instruments.</tt> Managers AMG GW&K Fixed Income Fund The Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements may not correlate to the ratios of expenses to average net assets in the Financial Highlights section of the Fund's Prospectus. The ratios reflect only the operating expenses of the Fund and do not include fees and expenses of any acquired funds. EXPENSE EXAMPLE After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Because Service Class shares will have commenced operations on or following the date of this Prospectus, these amounts are based on estimates for the current fiscal year. INVESTMENT OBJECTIVE As always, past performance of the Fund (before and after taxes) is not an indication of how the Fund will perform in the future. There is the risk that you may lose money on your investment. PRINCIPAL RISKS Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on the above assumptions, your costs would be: 0.28 Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Calendar Year Total Returns as of 12/31/11 (Investor Class) The performance information for the Fund's Investor Class shares (formerly Class A shares of the Fund, which were renamed Investor Class shares as of the date of this Prospectus) for periods prior to December 1, 2012 does not reflect the impact the front end and deferred sales charges (loads) that were in effect until December 1, 2012. PERFORMANCE <tt>After-tax returns are calculated using the historical highest individual federal<br />marginal income tax rates and do not reflect the impact of state and local<br />taxes. Actual after-tax returns depend on an investor's tax situation and may<br />differ from those shown. After-tax returns are not relevant to investors who<br />hold their Fund shares through tax-deferred arrangements, such as 401(k) plans<br />or individual retirement accounts. After-tax returns are shown for Investor<br />Class shares only, and after-tax returns for other share classes will vary.</tt> The following performance information illustrates the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's performance compares to that of a broad based securities market index. <tt>Best Quarter: 11.11% (2nd Quarter 2009)<br /> <br />Worst Quarter: -8.58% (3rd Quarter 2008)<br /> <br />Year-to-Date (as of 9/30/12): 9.19%</tt> 800.835.3879 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Average Annual Total Returns as of 12/31/11 PORTFOLIO TURNOVER <tt>There is the risk that you may lose money on your investment. All investments<br />carry a certain amount of risk and the Fund cannot guarantee that it will<br />achieve its investment objective. An investment in the Fund is not a deposit or<br />obligation of any bank, is not endorsed or guaranteed by any bank, and is not<br />insured by the Federal Deposit Insurance Corporation ("FDIC") or any other<br />government agency. Below are some of the risks of investing in the Fund.<br /> <br />Asset-Backed and Mortgage-Backed Securities Risk -asset-backed and<br />mortgage-backed securities investments involve risk of loss due to prepayments<br />that occur earlier or later than expected or due to default.<br /> <br />Credit and Counterparty Risk -the issuer of bonds or other debt securities may<br />not be able to meet interest or principal payments when the bonds become due.<br /> <br />Currency Risk -fluctuations in exchange rates may affect the total loss or gain<br />on a non-U.S. dollar investment when converted back to U.S. dollars.<br /> <br />Emerging Markets Risk -investments in emerging markets securities can be subject<br />to the general risks of foreign securities, as well as additional risks which<br />can result in greater price volatility.<br /> <br />Foreign Securities Risk -securities or other investments of foreign issuers<br />involve additional risks (such as risks arising from less frequent trading,<br />changes in political or social conditions, and less publicly available<br />information about non-U.S. issuers) that differ from those associated with<br />investing in securities of U.S. issuers and may result in greater price<br />volatility.<br /> <br />High Yield Risk -below-investment grade debt securities and unrated securities <br />of similar credit quality (commonly known as "junk bonds" or "high yield<br />securities") may be subject to greater levels of interest rate, credit, and<br />liquidity risk.<br /> <br />Inflation Risk -the price of an asset, or the income generated by an asset, <br />may not keep up with the cost of living.<br /> <br />Interest Rate Risk -fixed-coupon payments (cash flows) of bonds and debt<br />securities may become less competitive with the market in periods of rising<br />interest rates and cause bond prices to decline.<br /> <br />Liquidity Risk -particular investments, such as illiquid securities, may not be<br />able to be sold at the price the Fund would like or the Fund may have to sell<br />them at a loss.<br /> <br />Market Risk -market prices of domestic and foreign securities held by the Fund<br />may fall rapidly or unpredictably due to a variety of factors, including<br />changing economic, political, or market conditions. Equity investments generally<br />have greater price volatility than fixed income investments.<br /> <br />Municipal Market Risk -factors unique to the municipal bond market may negatively<br />affect the value of municipal bonds.<br /> <br />Political Risk -changes in the political status of any country can have profound<br />effects on the value of investments exposed to that country.<br /> <br />Prepayment Risk -many bonds and debt securities have call provisions that may<br />result in debtors paying back the debt prior to maturity during periods of<br />decreasing interest rates.<br /> <br />Reinvestment Risk -investors may have difficulty reinvesting payments from<br />debtors and may receive lower rates than from their original investments.</tt> FEES AND EXPENSES OF THE FUND After-tax returns are shown for Investor Class shares only, and after-tax returns for other share classes will vary. PRINCIPAL INVESTMENT STRATEGIES www.managersinvest.com <tt>The following performance information illustrates the risks of investing in <br />the Fund by showing changes in the Fund's performance from year to year and by<br />showing how the Fund's performance compares to that of a broad based securities<br />market index. Current maximum sales charges (loads) are reflected in the annual<br />returns table. The performance information for the Fund's Investor Class shares<br />(formerly Class A shares of the Fund, which were renamed Investor Class shares<br />as of the date of this Prospectus) for periods prior to December 1, 2012 does<br />not reflect the impact the front end and deferred sales charges (loads) that<br />were in effect until December 1, 2012. The performance information in the table<br />for the Fund's Class C shares for periods prior to May 1, 2005 does not reflect<br />the 1% sales load that was in effect until May 1, 2005. As always, past <br />performance of the Fund (before and after taxes) is not an indication of how <br />the Fund will perform in the future. To obtain updated performance information <br />please visit www.managersinvest.com or call 800.835.3879.</tt> <tt>The tables below describe the fees and expenses that you may pay if you buy and<br />hold shares of the Fund.</tt> <div style="display:none">~ http://www.managersinvest.com/role/OperatingExpensesData_S000009899Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.managersinvest.com/role/PerformanceTableData_S000009899Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank, and is not insured by the Federal Deposit Insurance Corporation ("FDIC") or any other government agency. <div style="display:none">~ http://www.managersinvest.com/role/ShareholderFeesData_S000009899Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes) 0.0784 0.0650 0.0578 Investor Class Return After Taxes on Distributions and Sale of Fund Shares 0.0334 0.0404 0.0408 Investor Class Return After Taxes on Distributions 0.0272 0.0413 0.0417 MFDSX 72 260 -0.0021 1092 474 0.0045 0.0045 2014-05-01 0.0000 0.0070 0.0091 0.0001 MFDYX Institutional Class Return Before Taxes 61 228 -0.0021 974 420 0.0373 0.0035 0.0045 2014-05-01 0.0520 0.0000 0.0537 0.0060 0.0081 0.0001 MFDCX 0.00 Class C Return Before Taxes 163 540 -0.0021 2102 952 0.0373 0.0035 0.0045 2014-05-01 0.0520 0.0100 0.0537 0.0160 0.0181 0.0001 0.0100 MFDAX 0.0511 Worst Quarter: Best Quarter: 2012-09-30 Investor Class Return Before Taxes 87 2009-06-30 307 -0.0858 0.0544 -0.0021 0.1004 1267 555 0.0553 0.1111 0.0453 0.0035 -0.1045 0.0045 2014-05-01 2008-09-30 0.2314 0.0600 0.0268 Year-to-Date 0.0453 0.1067 0.0025 0.0608 0.0085 0.0106 0.0710 0.0919 0.0001 0000879947 ck0000879947:SummaryS000009899Memberck0000879947:S000009899Memberck0000879947:C000027393Member 2012-11-30 2012-11-30 0000879947 ck0000879947:SummaryS000009899Memberck0000879947:S000009899Memberck0000879947:C000027395Member 2012-11-30 2012-11-30 0000879947 ck0000879947:SummaryS000009899Memberck0000879947:S000009899Memberck0000879947:C000027396Member 2012-11-30 2012-11-30 0000879947 ck0000879947:SummaryS000009899Memberck0000879947:S000009899Memberck0000879947:C000121207Member 2012-11-30 2012-11-30 0000879947 ck0000879947:SummaryS000009899Memberck0000879947:S000009899Memberrr:AfterTaxesOnDistributionsMemberck0000879947:C000027393Member 2012-11-30 2012-11-30 0000879947 ck0000879947:SummaryS000009899Memberck0000879947:S000009899Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0000879947:C000027393Member 2012-11-30 2012-11-30 0000879947 ck0000879947:SummaryS000009899Memberck0000879947:S000009899Memberck0000879947:RRINDEX00001Member 2012-11-30 2012-11-30 0000879947 ck0000879947:SummaryS000009899Memberck0000879947:S000009899Member 2012-11-30 2012-11-30 0000879947 2012-11-30 2012-11-30 pure iso4217:USD Because Service Class shares will have commenced operations on or following the date of this Prospectus, these amounts are based on estimates for the current fiscal year. The Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements may not correlate to the ratios of expenses to average net assets in the Financial Highlights section of the Fund's Prospectus. The ratios reflect only the operating expenses of the Fund and do not include fees and expenses of any acquired funds. 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), Shareholder servicing fees, distribution and service (12b-1) fees, brokerage commissions and other transaction costs, acquired fund fees and expenses, and extraordinary expenses) to 0.59% 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. Under such arrangement, if the maximum amount of shareholder servicing fees and distribution and service (12b-1) fees were charged to the classes under the current applicable plans, the total annual fund operating expenses (excluding the other items noted in the parenthetical above) of the Investor Class, Service Class, Class C and Institutional Class would be 0.84%, 0.69%, 1.59% and 0.59%, respectively, of the average daily net assets of such classes. 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. 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Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Nov. 30, 2012
Managers AMG GW&K Fixed Income Fund (Prospectus Summary) | Managers AMG GW&K Fixed Income Fund
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Managers AMG GW&K Fixed Income Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Managers AMG GW&K Fixed Income Fund's (the "Fund" or "Fixed Income Fund")
investment objective is to achieve the highest level of income as is consistent
with the preservation of capital.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The tables below describe the fees and expenses that you may pay if you buy and
hold shares of the Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate
may indicate higher transaction costs and may result in higher taxes when Fund
shares are held in a taxable account. These costs, which are not reflected in
Annual Fund Operating Expenses or in the Example, affect the Fund's performance.
During the most recent fiscal year, the Fund's portfolio turnover rate was 28%
of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 28.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Because Service Class shares will have commenced operations on or following the date of this Prospectus, these amounts are based on estimates for the current fiscal year.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees The Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements may not correlate to the ratios of expenses to average net assets in the Financial Highlights section of the Fund's Prospectus. The ratios reflect only the operating expenses of the Fund and do not include fees and expenses of any acquired funds.
Expense Example [Heading] rr_ExpenseExampleHeading EXPENSE EXAMPLE
Expense Example Narrative [Text Block] 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 [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on the above assumptions, your costs would be:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund seeks to achieve its objective by investing in a diversified portfolio
of fixed income securities.

Under normal circumstances, the Fund will invest at least 80% of its net assets,
plus the amount of any borrowings for investment purposes, in debt securities of
U.S. and foreign issuers.

The Fund may invest in debt securities issued by any of the following: public
and private U.S. companies; foreign companies; the U.S. government and its
agencies, such as the Federal Home Loan Bank; state and local governments
issuing taxable municipal securities; and foreign governments, their agencies
and instrumentalities, including issuers in emerging markets. The Fund may also
invest in asset-backed debt securities. With respect to the portion of the Fund
invested in debt securities, up to 20% of the Fund's assets may be invested in
below-investment-grade securities (those rated Ba1/BB+ or lower by Moody's
Investors Service, Inc. ("Moody's")/Standard & Poor's Corporation ("S&P")). The
Fund seeks to achieve its objective by investing in a diversified portfolio of
fixed income securities.

While the Fund may purchase debt securities of any duration, the Fund will
primarily invest in debt securities so that the overall duration of the Fund's
portfolio will remain +/- 20% of the duration of its benchmark, the Barclays
U.S. Aggregate Bond Index. As of October 31, 2012, the duration of the benchmark
was 5.02 years. The average duration of debt securities in the Fund's portfolio
may, however, be shorter or longer depending on market conditions.

The Fund may invest up to 20% of its net assets in equity securities of any
capitalization range, including foreign and domestic common and preferred
stocks, as well as warrants and other equity instruments.
Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock There is the risk that you may lose money on your investment. All investments
carry a certain amount of risk and the Fund cannot guarantee that it will
achieve its investment objective. An investment in the Fund is not a deposit or
obligation of any bank, is not endorsed or guaranteed by any bank, and is not
insured by the Federal Deposit Insurance Corporation ("FDIC") or any other
government agency. Below are some of the risks of investing in the Fund.

Asset-Backed and Mortgage-Backed Securities Risk -asset-backed and
mortgage-backed securities investments involve risk of loss due to prepayments
that occur earlier or later than expected or due to default.

Credit and Counterparty Risk -the issuer of bonds or other debt securities may
not be able to meet interest or principal payments when the bonds become due.

Currency Risk -fluctuations in exchange rates may affect the total loss or gain
on a non-U.S. dollar investment when converted back to U.S. dollars.

Emerging Markets Risk -investments in emerging markets securities can be subject
to the general risks of foreign securities, as well as additional risks which
can result in greater price volatility.

Foreign Securities Risk -securities or other investments of foreign issuers
involve additional risks (such as risks arising from less frequent trading,
changes in political or social conditions, and less publicly available
information about non-U.S. issuers) that differ from those associated with
investing in securities of U.S. issuers and may result in greater price
volatility.

High Yield Risk -below-investment grade debt securities and unrated securities
of similar credit quality (commonly known as "junk bonds" or "high yield
securities") may be subject to greater levels of interest rate, credit, and
liquidity risk.

Inflation Risk -the price of an asset, or the income generated by an asset,
may not keep up with the cost of living.

Interest Rate Risk -fixed-coupon payments (cash flows) of bonds and debt
securities may become less competitive with the market in periods of rising
interest rates and cause bond prices to decline.

Liquidity Risk -particular investments, such as illiquid securities, may not be
able to be sold at the price the Fund would like or the Fund may have to sell
them at a loss.

Market Risk -market prices of domestic and foreign securities held by the Fund
may fall rapidly or unpredictably due to a variety of factors, including
changing economic, political, or market conditions. Equity investments generally
have greater price volatility than fixed income investments.

Municipal Market Risk -factors unique to the municipal bond market may negatively
affect the value of municipal bonds.

Political Risk -changes in the political status of any country can have profound
effects on the value of investments exposed to that country.

Prepayment Risk -many bonds and debt securities have call provisions that may
result in debtors paying back the debt prior to maturity during periods of
decreasing interest rates.

Reinvestment Risk -investors may have difficulty reinvesting payments from
debtors and may receive lower rates than from their original investments.
Risk Lose Money [Text] rr_RiskLoseMoney There is the risk that you may lose money on your investment.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a deposit or obligation of any bank, is not endorsed or guaranteed by any bank, and is not insured by the Federal Deposit Insurance Corporation ("FDIC") or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following performance information illustrates the risks of investing in
the Fund by showing changes in the Fund's performance from year to year and by
showing how the Fund's performance compares to that of a broad based securities
market index. Current maximum sales charges (loads) are reflected in the annual
returns table. The performance information for the Fund's Investor Class shares
(formerly Class A shares of the Fund, which were renamed Investor Class shares
as of the date of this Prospectus) for periods prior to December 1, 2012 does
not reflect the impact the front end and deferred sales charges (loads) that
were in effect until December 1, 2012. The performance information in the table
for the Fund's Class C shares for periods prior to May 1, 2005 does not reflect
the 1% sales load that was in effect until May 1, 2005. As always, past
performance of the Fund (before and after taxes) is not an indication of how
the Fund will perform in the future. To obtain updated performance information
please visit www.managersinvest.com or call 800.835.3879.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following performance information illustrates the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's performance compares to that of a broad based securities market index.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800.835.3879
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.managersinvest.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture As always, past performance of the Fund (before and after taxes) is not an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Returns as of 12/31/11 (Investor Class)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The performance information for the Fund's Investor Class shares (formerly Class A shares of the Fund, which were renamed Investor Class shares as of the date of this Prospectus) for periods prior to December 1, 2012 does not reflect the impact the front end and deferred sales charges (loads) that were in effect until December 1, 2012.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Best Quarter: 11.11% (2nd Quarter 2009)

Worst Quarter: -8.58% (3rd Quarter 2008)

Year-to-Date (as of 9/30/12): 9.19%
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes reflects no deduction for fees, expenses, or taxes
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Investor Class shares only, and after-tax returns for other share classes will vary.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock After-tax returns are calculated using the historical highest individual federal
marginal income tax rates and do not reflect the impact of state and local
taxes. Actual after-tax returns depend on an investor's tax situation and may
differ from those shown. After-tax returns are not relevant to investors who
hold their Fund shares through tax-deferred arrangements, such as 401(k) plans
or individual retirement accounts. After-tax returns are shown for Investor
Class shares only, and after-tax returns for other share classes will vary.
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of 12/31/11
Managers AMG GW&K Fixed Income Fund (Prospectus Summary) | Managers AMG GW&K Fixed Income Fund | Barclays U.S. Aggregate Bond Index
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes)
1 Year rr_AverageAnnualReturnYear01 7.84%
5 Years rr_AverageAnnualReturnYear05 6.50%
10 Years rr_AverageAnnualReturnYear10 5.78%
Managers AMG GW&K Fixed Income Fund (Prospectus Summary) | Managers AMG GW&K Fixed Income Fund | Investor Class
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Management Fee rr_ManagementFeesOverAssets 0.45%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.35%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.06% [1]
Fee Waiver and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.21%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements rr_NetExpensesOverAssets 0.85% [1]
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-05-01
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 87
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 307
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 555
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,267
Annual Return 2002 rr_AnnualReturn2002 5.11%
Annual Return 2003 rr_AnnualReturn2003 10.67%
Annual Return 2004 rr_AnnualReturn2004 5.44%
Annual Return 2005 rr_AnnualReturn2005 2.68%
Annual Return 2006 rr_AnnualReturn2006 7.10%
Annual Return 2007 rr_AnnualReturn2007 5.53%
Annual Return 2008 rr_AnnualReturn2008 (10.45%)
Annual Return 2009 rr_AnnualReturn2009 23.14%
Annual Return 2010 rr_AnnualReturn2010 10.04%
Annual Return 2011 rr_AnnualReturn2011 4.53%
Year to Date Return, Label rr_YearToDateReturnLabel Year-to-Date
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 9.19%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 11.11%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (8.58%)
Label rr_AverageAnnualReturnLabel Investor Class Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 4.53%
5 Years rr_AverageAnnualReturnYear05 6.00%
10 Years rr_AverageAnnualReturnYear10 6.08%
Managers AMG GW&K Fixed Income Fund (Prospectus Summary) | Managers AMG GW&K Fixed Income Fund | Investor Class | After Taxes on Distributions
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Investor Class Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 2.72%
5 Years rr_AverageAnnualReturnYear05 4.13%
10 Years rr_AverageAnnualReturnYear10 4.17%
Managers AMG GW&K Fixed Income Fund (Prospectus Summary) | Managers AMG GW&K Fixed Income Fund | Investor Class | After Taxes on Distributions and Sales
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Investor Class Return After Taxes on Distributions and Sale of Fund Shares
1 Year rr_AverageAnnualReturnYear01 3.34%
5 Years rr_AverageAnnualReturnYear05 4.04%
10 Years rr_AverageAnnualReturnYear10 4.08%
Managers AMG GW&K Fixed Income Fund (Prospectus Summary) | Managers AMG GW&K Fixed Income Fund | Service Class
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Management Fee rr_ManagementFeesOverAssets 0.45%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.45% [3]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.91% [1]
Fee Waiver and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.21%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements rr_NetExpensesOverAssets 0.70% [1]
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-05-01
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 72
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 260
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 474
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,092
Managers AMG GW&K Fixed Income Fund (Prospectus Summary) | Managers AMG GW&K Fixed Income Fund | Class C
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of the offering price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Management Fee rr_ManagementFeesOverAssets 0.45%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.35%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.81% [1]
Fee Waiver and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.21%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements rr_NetExpensesOverAssets 1.60% [1]
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-05-01
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 163
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 540
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 952
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,102
Label rr_AverageAnnualReturnLabel Class C Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 3.73%
5 Years rr_AverageAnnualReturnYear05 5.20%
10 Years rr_AverageAnnualReturnYear10 5.37%
Managers AMG GW&K Fixed Income Fund (Prospectus Summary) | Managers AMG GW&K Fixed Income Fund | Institutional Class
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Management Fee rr_ManagementFeesOverAssets 0.45%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.35%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.81% [1]
Fee Waiver and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.21%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements rr_NetExpensesOverAssets 0.60% [1]
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-05-01
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 61
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 228
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 420
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 974
Label rr_AverageAnnualReturnLabel Institutional Class Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 3.73%
5 Years rr_AverageAnnualReturnYear05 5.20%
10 Years rr_AverageAnnualReturnYear10 5.37%
[1] The Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements may not correlate to the ratios of expenses to average net assets in the Financial Highlights section of the Fund's Prospectus. The ratios reflect only the operating expenses of the Fund and do not include fees and expenses of any acquired funds.
[2] 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), Shareholder servicing fees, distribution and service (12b-1) fees, brokerage commissions and other transaction costs, acquired fund fees and expenses, and extraordinary expenses) to 0.59% 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. Under such arrangement, if the maximum amount of shareholder servicing fees and distribution and service (12b-1) fees were charged to the classes under the current applicable plans, the total annual fund operating expenses (excluding the other items noted in the parenthetical above) of the Investor Class, Service Class, Class C and Institutional Class would be 0.84%, 0.69%, 1.59% and 0.59%, respectively, of the average daily net assets of such classes. 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.
[3] Because Service Class shares will have commenced operations on or following the date of this Prospectus, these amounts are based on estimates for the current fiscal year.

XML 13 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Managers AMG GW&K Fixed Income Fund (Prospectus Summary) | Managers AMG GW&K Fixed Income Fund
Managers AMG GW&K Fixed Income Fund
INVESTMENT OBJECTIVE
The Managers AMG GW&K Fixed Income Fund's (the "Fund" or "Fixed Income Fund")
investment objective is to achieve the highest level of income as is consistent
with the preservation of capital.
FEES AND EXPENSES OF THE FUND
The tables below describe the fees and expenses that you may pay if you buy and
hold shares of the Fund.
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees
Managers AMG GW&K Fixed Income Fund
Class C
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of the offering price or redemption proceeds) 1.00%
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Managers AMG GW&K Fixed Income Fund
Investor Class
Service Class
Class C
Institutional Class
Management Fee 0.45% 0.45% 0.45% 0.45%
Distribution and Service (12b-1) Fees 0.25% none 1.00% none
Other Expenses 0.35% 0.45% [1] 0.35% 0.35%
Acquired Fund Fees and Expenses 0.01% 0.01% [1] 0.01% 0.01%
Total Annual Fund Operating Expenses [2] 1.06% 0.91% 1.81% 0.81%
Fee Waiver and Expense Reimbursements [3] (0.21%) (0.21%) (0.21%) (0.21%)
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements [2] 0.85% 0.70% 1.60% 0.60%
[1] Because Service Class shares will have commenced operations on or following the date of this Prospectus, these amounts are based on estimates for the current fiscal year.
[2] The Total Annual Fund Operating Expenses and Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements may not correlate to the ratios of expenses to average net assets in the Financial Highlights section of the Fund's Prospectus. The ratios reflect only the operating expenses of the Fund and do not include fees and expenses of any acquired funds.
[3] 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), Shareholder servicing fees, distribution and service (12b-1) fees, brokerage commissions and other transaction costs, acquired fund fees and expenses, and extraordinary expenses) to 0.59% 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. Under such arrangement, if the maximum amount of shareholder servicing fees and distribution and service (12b-1) fees were charged to the classes under the current applicable plans, the total annual fund operating expenses (excluding the other items noted in the parenthetical above) of the Investor Class, Service Class, Class C and Institutional Class would be 0.84%, 0.69%, 1.59% and 0.59%, respectively, of the average daily net assets of such classes. 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.
EXPENSE EXAMPLE
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.
Although your actual costs may be higher or lower, based on the above assumptions, your costs would be:
Expense Example Managers AMG GW&K Fixed Income Fund (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Investor Class
87 307 555 1,267
Service Class
72 260 474 1,092
Class C
163 540 952 2,102
Institutional Class
61 228 420 974
PORTFOLIO TURNOVER
The Fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate
may indicate higher transaction costs and may result in higher taxes when Fund
shares are held in a taxable account. These costs, which are not reflected in
Annual Fund Operating Expenses or in the Example, affect the Fund's performance.
During the most recent fiscal year, the Fund's portfolio turnover rate was 28%
of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Fund seeks to achieve its objective by investing in a diversified portfolio
of fixed income securities.

Under normal circumstances, the Fund will invest at least 80% of its net assets,
plus the amount of any borrowings for investment purposes, in debt securities of
U.S. and foreign issuers.

The Fund may invest in debt securities issued by any of the following: public
and private U.S. companies; foreign companies; the U.S. government and its
agencies, such as the Federal Home Loan Bank; state and local governments
issuing taxable municipal securities; and foreign governments, their agencies
and instrumentalities, including issuers in emerging markets. The Fund may also
invest in asset-backed debt securities. With respect to the portion of the Fund
invested in debt securities, up to 20% of the Fund's assets may be invested in
below-investment-grade securities (those rated Ba1/BB+ or lower by Moody's
Investors Service, Inc. ("Moody's")/Standard & Poor's Corporation ("S&P")). The
Fund seeks to achieve its objective by investing in a diversified portfolio of
fixed income securities.

While the Fund may purchase debt securities of any duration, the Fund will
primarily invest in debt securities so that the overall duration of the Fund's
portfolio will remain +/- 20% of the duration of its benchmark, the Barclays
U.S. Aggregate Bond Index. As of October 31, 2012, the duration of the benchmark
was 5.02 years. The average duration of debt securities in the Fund's portfolio
may, however, be shorter or longer depending on market conditions.

The Fund may invest up to 20% of its net assets in equity securities of any
capitalization range, including foreign and domestic common and preferred
stocks, as well as warrants and other equity instruments.
PRINCIPAL RISKS
There is the risk that you may lose money on your investment. All investments
carry a certain amount of risk and the Fund cannot guarantee that it will
achieve its investment objective. An investment in the Fund is not a deposit or
obligation of any bank, is not endorsed or guaranteed by any bank, and is not
insured by the Federal Deposit Insurance Corporation ("FDIC") or any other
government agency. Below are some of the risks of investing in the Fund.

Asset-Backed and Mortgage-Backed Securities Risk -asset-backed and
mortgage-backed securities investments involve risk of loss due to prepayments
that occur earlier or later than expected or due to default.

Credit and Counterparty Risk -the issuer of bonds or other debt securities may
not be able to meet interest or principal payments when the bonds become due.

Currency Risk -fluctuations in exchange rates may affect the total loss or gain
on a non-U.S. dollar investment when converted back to U.S. dollars.

Emerging Markets Risk -investments in emerging markets securities can be subject
to the general risks of foreign securities, as well as additional risks which
can result in greater price volatility.

Foreign Securities Risk -securities or other investments of foreign issuers
involve additional risks (such as risks arising from less frequent trading,
changes in political or social conditions, and less publicly available
information about non-U.S. issuers) that differ from those associated with
investing in securities of U.S. issuers and may result in greater price
volatility.

High Yield Risk -below-investment grade debt securities and unrated securities
of similar credit quality (commonly known as "junk bonds" or "high yield
securities") may be subject to greater levels of interest rate, credit, and
liquidity risk.

Inflation Risk -the price of an asset, or the income generated by an asset,
may not keep up with the cost of living.

Interest Rate Risk -fixed-coupon payments (cash flows) of bonds and debt
securities may become less competitive with the market in periods of rising
interest rates and cause bond prices to decline.

Liquidity Risk -particular investments, such as illiquid securities, may not be
able to be sold at the price the Fund would like or the Fund may have to sell
them at a loss.

Market Risk -market prices of domestic and foreign securities held by the Fund
may fall rapidly or unpredictably due to a variety of factors, including
changing economic, political, or market conditions. Equity investments generally
have greater price volatility than fixed income investments.

Municipal Market Risk -factors unique to the municipal bond market may negatively
affect the value of municipal bonds.

Political Risk -changes in the political status of any country can have profound
effects on the value of investments exposed to that country.

Prepayment Risk -many bonds and debt securities have call provisions that may
result in debtors paying back the debt prior to maturity during periods of
decreasing interest rates.

Reinvestment Risk -investors may have difficulty reinvesting payments from
debtors and may receive lower rates than from their original investments.
PERFORMANCE
The following performance information illustrates the risks of investing in
the Fund by showing changes in the Fund's performance from year to year and by
showing how the Fund's performance compares to that of a broad based securities
market index. Current maximum sales charges (loads) are reflected in the annual
returns table. The performance information for the Fund's Investor Class shares
(formerly Class A shares of the Fund, which were renamed Investor Class shares
as of the date of this Prospectus) for periods prior to December 1, 2012 does
not reflect the impact the front end and deferred sales charges (loads) that
were in effect until December 1, 2012. The performance information in the table
for the Fund's Class C shares for periods prior to May 1, 2005 does not reflect
the 1% sales load that was in effect until May 1, 2005. As always, past
performance of the Fund (before and after taxes) is not an indication of how
the Fund will perform in the future. To obtain updated performance information
please visit www.managersinvest.com or call 800.835.3879.
Calendar Year Total Returns as of 12/31/11 (Investor Class)
Bar Chart
Best Quarter: 11.11% (2nd Quarter 2009)

Worst Quarter: -8.58% (3rd Quarter 2008)

Year-to-Date (as of 9/30/12): 9.19%
Average Annual Total Returns as of 12/31/11
Average Annual Total Returns Managers AMG GW&K Fixed Income Fund
Label
1 Year
5 Years
10 Years
Investor Class
Investor Class Return Before Taxes 4.53% 6.00% 6.08%
Investor Class After Taxes on Distributions
Investor Class Return After Taxes on Distributions 2.72% 4.13% 4.17%
Investor Class After Taxes on Distributions and Sales
Investor Class Return After Taxes on Distributions and Sale of Fund Shares 3.34% 4.04% 4.08%
Class C
Class C Return Before Taxes 3.73% 5.20% 5.37%
Institutional Class
Institutional Class Return Before Taxes 3.73% 5.20% 5.37%
Barclays U.S. Aggregate Bond Index
Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes) 7.84% 6.50% 5.78%
After-tax returns are calculated using the historical highest individual federal
marginal income tax rates and do not reflect the impact of state and local
taxes. Actual after-tax returns depend on an investor's tax situation and may
differ from those shown. After-tax returns are not relevant to investors who
hold their Fund shares through tax-deferred arrangements, such as 401(k) plans
or individual retirement accounts. After-tax returns are shown for Investor
Class shares only, and after-tax returns for other share classes will vary.
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XML 15 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
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Document Type dei_DocumentType 485BPOS
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Managers AMG GW&K Fixed Income Fund (Prospectus Summary) | Managers AMG GW&K Fixed Income Fund | Class C
 
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Managers AMG GW&K Fixed Income Fund (Prospectus Summary) | Managers AMG GW&K Fixed Income Fund | Investor Class
 
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Managers AMG GW&K Fixed Income Fund (Prospectus Summary) | Managers AMG GW&K Fixed Income Fund | Institutional Class
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol MFDYX
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