Cadence Emerging Companies Fund  (MECIX)

Fund Overview

Fund Overview

Share Class

I

Morningstar | Style Box

V B G L M S

NAV | as of 09/21/2017

$55.25
-$0.02 (-0.04%)

Overall Morningstar Rating



Rated against 600 Small Growth funds as of 08/31/2017

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Quarterly Performance (%) |
vs. Benchmark as of 06/30/2017

Fund Inception 06/25/1993

YTD 1YR 3YR 5YR 10YR INCEP.
MECIX 7.48 28.52 13.93 17.35 9.67 12.22
Russell Microcap® Growth Index 8.07 22.71 4.61 12.76 5.57 -
Russell 2000® Growth Index 9.97 24.40 7.64 13.98 7.82 7.81

Expense Ratios

  • Gross Expense Ratio: 1.18%
  • Net Expense Ratio: 0.99%
  • Expense Cap Expiration Date: 10/01/2018

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Objective

Seeks long-term capital appreciation by investing in primarily U.S. small cap, emerging companies that have improving fundamentals and reasonable valuations.

Why Consider

  • May be appropriate for investors looking to gain exposure to small-sized, emerging U.S. companies
  • Employs a growth-at-a-reasonable-price (GARP) strategy, allowing it to invest in companies that exhibit both growth and value characteristics
  • Companies are analyzed for factors such as strength of management, competitive industry position, business prospects and improving earnings fundamentals

Fund Managers

Robert L. Fitzpatrick, CFA

Senior Portfolio Manager

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Michael J. Skillman

Chief Executive Officer, Portfolio Manager

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Robert E. Ginsberg

Managing Director, Portfolio Manager

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Performance

Performance

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Returns & Distributions

as of 06/30/2017

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 13, 2007 $2.750510 $0.135430 $2.615080
      Dec 14, 2006 $2.374850 $0.537390 $1.837460
      Dec 13, 2005 $1.923420 $0.232370 $1.691050
      Dec 14, 2004 $2.172870 $0.608810 $1.564060
      Dec 15, 2003 $1.824000 $1.187720 $0.636280
      Dec 12, 2002 $2.249360 $0.254520 $1.994840
      Dec 12, 2001 $2.697430 $2.697430
      Dec 12, 2000 $2.601640 $2.601640
      Dec 11, 1998 $0.626000 $0.626000
      Dec 5, 1997 $2.615070 $1.077260 $1.537810
      Dec 13, 1996 $2.031950 $2.031950
      Dec 29, 1995 $0.336220 $0.336220
      Jul 30, 1993 $0.013330 $0.013330

Growth of $10,000 (Hypothetical)

Since Inception 06/25/1993 to 08/31/2017 = $166,868.00

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Top Holdings (Equity)

Quarter Ending: 06/30/2017

OraSure Technologies Inc 1.80%
Cavco Industries Inc 1.63%
BioTelemetry Inc 1.61%
CalAmp Corp 1.52%
Silicom Ltd 1.51%
Patrick Industries Inc 1.44%
Corcept Therapeutics Inc 1.43%
GP Strategies Corp 1.38%
Denny's Corp 1.34%
Health Insurance Innovations Inc, Class A 1.33%
% in Top 10 Holdings 14.99%
View Holding Details Read Important Investment Disclosures

MPT Stats

Month Ending: 08/31/2017

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Sector Allocation (Equity)

Quarter Ending: 06/30/2017

Investment Approach

Investment Approach

Cadence Emerging Companies Fund

The Fund invests in small-cap, emerging companies that have improving fundamentals (based on growth criteria such as consensus earnings estimates over time and the company's history in meeting earnings targets) and whose stock the portfolio management team believes to be reasonably valued by the market (based on value criteria such as price-to-earnings ratios and free cash flow relative to enterprise value). Cadence defines "emerging companies" as companies it believes have improving fundamentals; are developing new products or technologies, entering new markets or growing market share within existing markets; and whose stock is reasonably valued by the market. Although emerging companies may potentially be found in any market capitalization, Cadence primarily invests in U.S. companies with smaller market capitalizations, in particular those whose market capitalization is within the range of the Russell Microcap® Index and the Russell 2000® Index. The team subjects the most attractively ranked stocks to an analysis of company factors (such as strength of management, competitive industry position and business prospects) and financial statement data to select approximately 75 to 12 stocks to hold in the Fund. The Fund may also invest in real estate investment trusts (REITs).

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About

About Cadence Capital Management

Background

Cadence uses a proprietary quantitative model that seeks to invest in high-quality growth investment strategies across the capitalization spectrum.

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Founded

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Headquarters

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