Managers Fremont Bond (MBDFX)

The investment seeks to maximize total return consistent with the preservation of capital. The fund invests at least 80% of total assets (including borrowings for investment purposes) in debt instruments such as corporate, mortgage-backed, International and government bonds, and 10% of its net assets in preferred stock and hold equity securities. It invests primarily in securities rated investment-grade (Baa/BBB or better) by Moody's or Standard & Poor's, or those of comparable quality. The fund may also invest in derivatives such as options, futures, contracts or swap agreements. It seeks to maintain an average duration of three to six years.