The $​108 million Old Mutual Cash Reserves Fund filed to Liquidate. The prospectus supplement filed with the SEC says, "On November 17, 2011, the Board of Trustees of Old Mutual Funds II approved a Plan of Liquidation and Dissolution pursuant to which the assets of the Old Mutual Cash Reserves Fund will be liquidated and the proceeds remaining after payment of or provision for liabilities and obligations of the Fund will be distributed to shareholders. The Liquidation is subject to approval by shareholders of the Fund at a Special Meeting of Shareholders to be held on March 9, 2012, or at any adjournments thereof. If shareholders of the Fund approve the Liquidation, on or about March 16, 2012, the Fund will begin liquidating its portfolio assets and will hold or reinvest the proceeds thereof in cash and such short-​term securities as the Fund may lawfully hold or invest. As a result, the Fund will not be pursuing its investment objective after the Effective Date. The Fund anticipates that it will complete the Liquidation on or around the close of business on March 23, 2012. On or before the Liquidation Date, the Fund will make liquidating distributions to each remaining shareholder, equal to the shareholder'​s proportionate interest in the net assets of the Fund, in complete redemption and cancellation of the Fund'​s shares held by the shareholder, and thereafter the Fund will be terminated and dissolved."

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