MBESX: AMG Chicago Equity Partners Balanced I

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MBESX AMG Chicago Equity Partners Balanced I


Profile

MBESX - Profile

Vitals

  • YTD Return -17.7%
  • 3 Yr Annualized Return -4.5%
  • 5 Yr Annualized Return -2.0%
  • Net Assets $229 M
  • Holdings in Top 10 11.6%

52 WEEK LOW AND HIGH

$14.18
$13.39
$17.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 123.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA $25,000

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return -17.7%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.66%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    AMG Chicago Equity Partners Balanced Fund
  • Fund Family Name
    AMG Funds
  • Inception Date
    Nov 30, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Budd

Fund Description

The fund will invest 50-75% of its total assets in equity securities and invest the remainder in bonds and other fixed income securities, as well as cash and cash equivalents. The equity portion of the fund is invested primarily in a diversified portfolio of U.S. common stocks, as well as other U.S. and foreign securities, including convertible securities and warrants. It will invest at least 25% of its total assets in fixed income securities under normal circumstances.


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Categories

Performance

MBESX - Performance

Return Ranking - Trailing

Period MBESX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.7% -64.3% 54.6% 75.66%
1 Yr -15.3% -70.0% 47.9% 73.13%
3 Yr -4.5%* -32.9% 16.9% 58.16%
5 Yr -2.0%* -32.8% 16.1% 37.87%
10 Yr N/A* -34.6% 10.4% 8.76%

* Annualized

Return Ranking - Calendar

Period MBESX Return Category Return Low Category Return High Rank in Category (%)
2019 10.4% -50.4% 46.8% 60.22%
2018 -9.2% -31.8% 19.0% 45.91%
2017 10.3% -44.7% 46.3% 14.08%
2016 3.6% -84.5% 146.1% 51.28%
2015 -1.2% -40.7% 14.6% 4.66%

Total Return Ranking - Trailing

Period MBESX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.7% -64.3% 54.6% 75.66%
1 Yr -15.3% -70.0% 47.9% 73.13%
3 Yr -0.7%* -32.9% 16.9% 32.52%
5 Yr 1.2%* -32.8% 16.1% 24.80%
10 Yr N/A* -34.6% 10.4% 12.95%

* Annualized

Total Return Ranking - Calendar

Period MBESX Return Category Return Low Category Return High Rank in Category (%)
2019 10.4% -50.4% 46.8% 61.20%
2018 -2.7% -27.4% 19.0% 10.53%
2017 15.7% -44.7% 46.3% 7.34%
2016 4.8% -84.5% 146.1% 65.18%
2015 2.3% -36.9% 14.6% 2.47%

NAV & Total Return History


Holdings

MBESX - Holdings

Concentration Analysis

MBESX Category Low Category High MBESX % Rank
Net Assets 229 M 181 K 155 B 59.28%
Number of Holdings 852 2 13816 11.21%
Net Assets in Top 10 26.6 M -39.4 M 33.7 B 78.44%
Weighting of Top 10 11.64% 5.5% 100.0% 97.67%

Top 10 Holdings

  1. Apple Inc 1.99%
  2. Microsoft Corp 1.74%
  3. United States Treasury Notes 1.12% 1.05%
  4. Amazon.com Inc 1.05%
  5. Johnson & Johnson 1.03%
  6. Legg Mason Inc 0.99%
  7. United States Treasury Notes 1.88% 0.97%
  8. Alphabet Inc A 0.95%
  9. Procter & Gamble Co 0.94%
  10. United States Treasury Notes 1.62% 0.93%

Asset Allocation

Weighting Return Low Return High MBESX % Rank
Stocks
61.08% -41.01% 78.13% 20.30%
Bonds
37.55% -4.03% 79.95% 58.25%
Cash
1.30% -102.09% 78.43% 76.74%
Convertible Bonds
0.05% -0.84% 52.57% 73.47%
Other
0.02% -41.44% 154.72% 48.41%
Preferred Stocks
0.00% 0.00% 44.10% 75.16%

Stock Sector Breakdown

Weighting Return Low Return High MBESX % Rank
Financial Services
18.28% 0.00% 62.98% 19.35%
Technology
16.11% 0.00% 72.78% 49.67%
Healthcare
12.47% 0.00% 63.75% 67.72%
Industrials
10.81% 0.00% 99.44% 39.35%
Communication Services
8.75% 0.00% 32.16% 38.70%
Consumer Defense
8.50% 0.00% 17.78% 25.87%
Consumer Cyclical
8.11% 0.00% 37.12% 63.70%
Real Estate
5.34% -2.05% 100.00% 33.37%
Utilities
5.15% 0.00% 100.00% 26.41%
Energy
4.02% 0.00% 100.00% 62.07%
Basic Materials
2.46% 0.00% 19.70% 64.02%

Stock Geographic Breakdown

Weighting Return Low Return High MBESX % Rank
US
55.82% -41.02% 76.29% 18.92%
Non US
5.26% -1.50% 32.14% 47.78%

Bond Sector Breakdown

Weighting Return Low Return High MBESX % Rank
Corporate
46.51% 0.00% 100.00% 25.58%
Government
28.01% -0.45% 98.49% 41.86%
Securitized
22.14% 0.00% 67.23% 41.01%
Cash & Equivalents
3.34% -3.87% 100.00% 85.52%
Derivative
0.00% -3.25% 55.67% 58.56%
Municipal
0.00% 0.00% 99.77% 65.86%

Bond Geographic Breakdown

Weighting Return Low Return High MBESX % Rank
US
35.61% -5.28% 84.24% 56.87%
Non US
1.94% -12.68% 26.09% 71.46%

Expenses

MBESX - Expenses

Operational Fees

MBESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.02% 18.45% 52.77%
Management Fee 0.60% 0.00% 2.00% 57.57%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.83% 58.67%

Sales Fees

MBESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MBESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

MBESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 123.00% 0.00% 574.00% 80.93%

Distributions

MBESX - Distributions

Dividend Yield Analysis

MBESX Category Low Category High MBESX % Rank
Dividend Yield 0.00% 0.00% 11.79% 40.70%

Dividend Distribution Analysis

MBESX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Net Income Ratio Analysis

MBESX Category Low Category High MBESX % Rank
Net Income Ratio 1.66% -5.24% 6.65% 57.17%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MBESX - Fund Manager Analysis

Managers

Michael Budd


Start Date

Tenure

Tenure Rank

Dec 21, 2006

13.2

13.2%

Mr. Budd is a senior fixed income portfolio manager focusing on mortgage, asset back and agency sectors. He has more than thirty-three years of industry experience. Prior to joining Chicago Equity Partners, he held positions at Bear Stearns and at St. Paul Federal Bank. Mr. Budd earned a bachelor’s degree in finance from the University of Notre Dame and an MBA from Loyola University. He is a trustee on the investment board of Benedictine Sisters of the Sacred Heart.

Curt Mitchell


Start Date

Tenure

Tenure Rank

Dec 21, 2006

13.2

13.2%

Mr. Mitchell is a senior fixed income portfolio manager, and oversees the fixed income team at Chicago Equity Partners. He joined Chicago Equity Partners in 2003, in conjunction with the launch of our fixed income business. Prior to joining our firm, he served as vice president and senior portfolio manager at Loomis Sayles & Company. Mr. Mitchell earned a bachelor’s degree in accounting from Illinois Wesleyan University and an MBA from the University of Illinois. He holds the Chartered Financial Analyst (CFA) designation, and is a member of the CFA Institute and the CFA Society of Chicago.

Michael Lawrence


Start Date

Tenure

Tenure Rank

May 01, 2018

1.83

1.8%

Mr. Lawrence, a member of Chicago Equity Partners’ portfolio management team, is responsible for the consumer staples, energy, industrials, materials, and utilities sectors. Previously, he was a member of the quantitative research team. Prior to joining Chicago Equity Partners, Mr. Lawrence worked in the consulting group of SEI Corporation. He earned a bachelor’s degree and an MBA from DePaul University. He holds the Chartered Financial Analyst (CFA) designation, and is a member of the CFA Institute and the CFA Society of Chicago.

Keith Gustafson


Start Date

Tenure

Tenure Rank

Oct 31, 2019

0.33

0.3%

Mr. Gustafson oversees all of Chicago Equity Partners’ equity products as well as the equity portfolio management and research teams. He is responsible for the firm’s proprietary quantitative model and its ongoing developmental efforts. Prior to joining our firm, he held positions at Ibbotson Associates and SEI Corporation. Mr. Gustafson earned bachelor’s degrees in history and economics from University of Pennsylvania, an MBA from Loyola University Chicago, and a master’s degree in financial economics from the University of London. He holds the Chartered Financial Analyst (CFA) designation, and is a member of the CFA Institute, the CFA Society of Chicago, the Chicago Quantitative Alliance, the American Finance Association, and the American Economics Association.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 39.19 6.77 0.16