Cadence Emerging Companies Fund  (MECZX)

Fund Overview

Fund Overview

Share Class

Z

NAV | as of 07/09/2020

$45.17
-$0.81 (-1.76%)

Morningstar | Style Box

V B G L M S

Growth of $10,000 (Hypothetical)

Since Inception 05/31/2017 to 06/30/2020 = $10,197.13

  • 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. 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.

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 and Managing Director

Read Full Bio

Michael J. Skillman

Managing Director and Chief Executive Officer

Read Full Bio

Robert E. Ginsberg, CFA

Senior Portfolio Manager and Managing Director

Read Full Bio

Performance

Performance

Read Important Investment Disclosures

Returns

 

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. 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. Returns for periods less than one year are not annualized.

Expense Ratios

  • Gross Expense Ratio: 0.95%
  • Net Expense Ratio: 0.89%
  • Expense Cap Expiration Date: 10/01/2020

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 16, 2019 $0.005900 $0.005900
      Dec 27, 2018 $4.530900 $0.448200 $4.082700

Risk & Return Stats

As of: 06/30/2020

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 03/31/2020

American Software Inc, Class A 2.08%
BioSpecifics Technologies Corp 2.04%
iRadimed Corp 1.79%
Pure Cycle Corp 1.77%
Addus Homecare Corp 1.57%
John B Sanfilippo & Son Inc 1.52%
Castle Biosciences Inc 1.51%
York Water Co 1.48%
Coherus Biosciences Inc 1.46%
Luna Innovations Inc 1.45%
% in Top 10 Holdings 16.67%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Equity)

As of: 03/31/2020

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 120 stocks to hold in the Fund. The Fund may also invest in real estate investment trusts (REITs).


Small Can Be Mighty: Opportunity in the Large, Inefficient Smaller Cap Universe

 
Stock selection, and fund manager selection, are critical in the smaller market cap investment universe, where a skilled active manager can add meaningful value.
Read Full Perspective More About Cadence Capital Management

Market View: Outlook for Smaller Company Stocks

 
Portfolio managers Mike Skillman and Bob Fitzpatrick of the AMG Managers Cadence Emerging Companies Fund, examine smaller cap stock investing heading into 2019.
Watch Video More About Cadence Capital Management

Overview: AMG Managers Cadence Emerging Companies Fund

 
Mike Skillman and Bob Fitzpatrick, portfolio managers of the AMG Managers Cadence Emerging Companies Fund, discuss the opportunity in smaller company stocks and their approach to investing in this inefficient space.
Watch Video More About Cadence Capital Management

About

About Cadence Capital Management

Background

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

Learn More

More Funds From Cadence Capital Management

MCMFX

Cadence Mid Cap Fund

Seeks capital appreciation by investing in U.S. companies with medium-market capitalizations that have improving fundamentals and reasonable valuations.

View Fund Details

Founded

1988


Headquarters

Boston, MA


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★★★

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