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Trending ETFs

Name

As of 08/19/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.46

$30.3 M

0.48%

$0.06

1.11%

Vitals

YTD Return

-16.0%

1 yr return

-8.8%

3 Yr Avg Return

-1.1%

5 Yr Avg Return

0.6%

Net Assets

$30.3 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$13.5
$13.19
$16.32

Expenses

OPERATING FEES

Expense Ratio 1.11%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 35.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000,000

IRA

$50,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 08/19/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.46

$30.3 M

0.48%

$0.06

1.11%

MMAFX - Profile

Distributions

  • YTD Total Return -16.0%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.15%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AMG FQ Global Risk-Balanced Fund
  • Fund Family Name
    AMG Funds
  • Inception Date
    Nov 18, 1988
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Edgar Peters

Fund Description

The Fund seeks to provide a diversified, risk-balanced global market portfolio. The Fund attempts to balance risk and return by gaining exposure, generally through derivative instruments, to global equities, debt, currency markets, and commodities utilizing a proprietary dynamic asset allocation process. The Fund will invest in issuers, and/or have investments that expose the Fund to issuers, organized, located, or doing a substantial amount of business in a minimum of three countries, including the United States. Under normal circumstances, the Fund will invest at least 40% of its net assets, plus the amount of any borrowing for investment purposes, in issuers organized, located, or doing a substantial amount of business outside the United States, including investments (such as futures contracts or underlying funds) that provide the Fund with investment exposure to such issuers.
First Quadrant, LLC’s (“First Quadrant” or the “Subadviser”) proprietary investment process is designed to seek to provide a diversified, risk-balanced global market portfolio. First Quadrant utilizes a risk-based approach and seeks to rebalance the Fund to manage portfolio risk. Applying this process, the Fund seeks to provide greater capital loss protection during down markets than traditional balanced portfolios, as well as participate in market gains. 
Generally, the Fund intends to allocate a large portion of its investments across some or all of the following asset classes: 
Inflation-Protected Securities — Generally through investments in exchange traded funds (“ETFs”) and cash sovereign bonds.
Sovereign (Foreign Country) Debt — Generally through futures on foreign country debt indices and cash sovereign bonds, which may be used to increase income or hedge against the Fund’s risks related to global equity exposure.
Global (U.S. and Non-U.S.) Equities — Generally through equity investments and futures on equity country indices, although the Fund may also seek to gain exposure to various sectors by investing in ETFs.
High Yield Bonds — Generally through investments in ETFs and derivative instruments such as total return swaps, which may be used for diversification or other purposes.
Commodities — Generally through investments exposed to companies in the commodities sector and instruments linked to a commodity index or futures contract(s), particularly ETFs and exchange-traded notes (“ETNs”).
Currency Markets — Generally through the use of derivative instruments such as foreign currency forwards on developed or emerging market currencies. 
In addition to the above, the Fund generally expects to have investment exposure to developed and emerging markets, small capitalization securities, and real estate investment trusts (“REITs”). In selecting equity investments for the Fund, First Quadrant is not constrained by any particular investment style or capitalization range. In selecting debt investments for the Fund, First Quadrant has the flexibility to invest in debt-related investments of any credit quality and with any duration. 
The Fund may achieve long and short exposure to global equity, bond, and currency markets through a wide range of derivative instruments and direct investments. The Fund may take short positions in futures, including futures on indices and interest rate futures. The Fund may also invest directly in global equity securities and global fixed-income securities. In addition, the Fund may invest in commodity-linked derivative instruments and investment vehicles that exclusively invest in various commodities or have economic exposure to commodities. 
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MMAFX - Performance

Return Ranking - Trailing

Period MMAFX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.0% -35.9% 32.5% 86.76%
1 Yr -8.8% -32.3% 35.7% 76.30%
3 Yr -1.1%* -2.4% 24.0% 98.37%
5 Yr 0.6%* -0.9% 15.2% 96.40%
10 Yr 2.9%* -2.0% 11.5% 85.62%

* Annualized

Return Ranking - Calendar

Period MMAFX Return Category Return Low Category Return High Rank in Category (%)
2023 6.5% -19.0% 48.3% 31.30%
2022 -7.3% -16.5% 52.8% 95.90%
2021 15.8% -10.4% 27.3% 14.35%
2020 -12.4% -29.6% 2.4% 70.32%
2019 15.1% -11.6% 29.4% 8.82%

Total Return Ranking - Trailing

Period MMAFX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.0% -35.9% 32.5% 82.35%
1 Yr -8.8% -32.3% 35.7% 69.63%
3 Yr -1.1%* -2.5% 24.0% 97.56%
5 Yr 0.6%* -1.4% 15.2% 96.40%
10 Yr 2.9%* -2.0% 11.5% 84.97%

* Annualized

Total Return Ranking - Calendar

Period MMAFX Return Category Return Low Category Return High Rank in Category (%)
2023 6.5% -19.0% 48.3% 30.92%
2022 -7.3% -16.5% 52.8% 95.90%
2021 15.8% -10.4% 27.3% 14.35%
2020 -10.1% -29.6% 2.4% 68.95%
2019 15.9% -5.4% 29.4% 21.57%

NAV & Total Return History


MMAFX - Holdings

Concentration Analysis

MMAFX Category Low Category High MMAFX % Rank
Net Assets 30.3 M 1.96 M 15.7 B 81.68%
Number of Holdings 50 2 3255 42.49%
Net Assets in Top 10 42.4 M 349 K 12.1 B 71.43%
Weighting of Top 10 N/A 22.2% 100.0% 14.06%

Top 10 Holdings

  1. United States Treasury Bills 0.68701% 33.44%
  2. US Treasury Bond Future Dec 20 26.67%
  3. US Treasury Bond Future Dec 20 26.67%
  4. US Treasury Bond Future Dec 20 26.67%
  5. US Treasury Bond Future Dec 20 26.67%
  6. US Treasury Bond Future Dec 20 26.67%
  7. US Treasury Bond Future Dec 20 26.67%
  8. US Treasury Bond Future Dec 20 26.67%
  9. US Treasury Bond Future Dec 20 26.67%
  10. US Treasury Bond Future Dec 20 26.67%

Asset Allocation

Weighting Return Low Return High MMAFX % Rank
Bonds
86.77% 0.00% 194.08% 10.62%
Stocks
38.58% 0.00% 238.38% 63.37%
Other
10.03% -72.87% 73.78% 21.25%
Convertible Bonds
0.10% 0.00% 8.92% 39.56%
Preferred Stocks
0.00% 0.00% 6.21% 55.31%
Cash
-35.49% -163.86% 88.88% 93.77%

Stock Sector Breakdown

Weighting Return Low Return High MMAFX % Rank
Financial Services
15.17% 0.00% 98.22% 25.00%
Basic Materials
13.67% 0.00% 56.73% 7.02%
Real Estate
11.89% 0.00% 99.45% 18.42%
Technology
11.13% 0.00% 85.77% 71.93%
Industrials
9.99% 0.00% 23.85% 44.74%
Consumer Cyclical
9.33% 0.00% 25.83% 43.86%
Healthcare
7.48% 0.00% 38.63% 77.63%
Energy
7.26% 0.00% 60.89% 30.70%
Consumer Defense
5.61% 0.00% 37.51% 59.21%
Communication Services
4.69% 0.00% 21.61% 60.53%
Utilities
3.79% 0.00% 91.12% 36.84%

Stock Geographic Breakdown

Weighting Return Low Return High MMAFX % Rank
Non US
23.59% -6.82% 98.11% 14.29%
US
14.99% -1.19% 235.84% 73.99%

Bond Sector Breakdown

Weighting Return Low Return High MMAFX % Rank
Government
58.42% 0.00% 99.78% 24.18%
Cash & Equivalents
36.17% 0.22% 100.00% 45.05%
Corporate
5.41% 0.00% 98.30% 48.35%
Derivative
0.00% 0.00% 72.21% 67.40%
Securitized
0.00% 0.00% 52.99% 67.40%
Municipal
0.00% 0.00% 19.13% 58.97%

Bond Geographic Breakdown

Weighting Return Low Return High MMAFX % Rank
Non US
53.46% -2.67% 70.80% 5.49%
US
33.31% -17.22% 123.28% 27.84%

MMAFX - Expenses

Operational Fees

MMAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.11% 0.44% 3.72% 69.49%
Management Fee 0.60% 0.00% 1.50% 20.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.05% 0.70% 60.00%

Sales Fees

MMAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MMAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MMAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 0.00% 441.00% 20.66%

MMAFX - Distributions

Dividend Yield Analysis

MMAFX Category Low Category High MMAFX % Rank
Dividend Yield 0.48% 0.00% 13.62% 37.73%

Dividend Distribution Analysis

MMAFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

MMAFX Category Low Category High MMAFX % Rank
Net Income Ratio 1.15% -2.12% 13.72% 31.34%

Capital Gain Distribution Analysis

MMAFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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MMAFX - Fund Manager Analysis

Managers

Edgar Peters


Start Date

Tenure

Tenure Rank

Sep 15, 2009

12.72

12.7%

Edgar Peters is a Partner and senior member of the investment management team at First Quadrant since 2008. He became a partner in 2010. He is involved in all aspects of product development: model building, risk measurement, risk allocation, and portfolio optimization. Prior to joining First Quadrant he spent 23 years with PanAgora Asset Management where he was, over time, an equity portfolio manager, Director of Tactical Asset Allocation, Chief Investment Officer of Macro Investments, and Chief Investment Officer. Mr. Peters holds an MBA from Rutgers University.

Dori Levanoni


Start Date

Tenure

Tenure Rank

Sep 15, 2009

12.72

12.7%

Dori Levanoni is a senior member of First Quadrant’s Investments team. In his more than two decades with First Quadrant, Dori has been involved in nearly every aspect of the firm’s investment process, contributing to research, risk measurement, risk allocation, portfolio optimization, trading, and portfolio management. Dori has played an integral role as portfolio manager for a number of strategies across the firm’s global macro and global equity platforms, and has also contributed his insights to various research projects, journals, publications and speaking engagements. Dori began his career at First Quadrant in 1991, spending a brief period in the mid-1990s researching in the Department of Anatomy and Neurobiology at Washington University in St. Louis, before returning to the firm for the remainder of his tenure.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.83 6.55 13.0