Cadence Mid Cap Fund  (MCMFX)

Fund Overview

Fund Overview

Share Class

Z

Morningstar | Style Box

V B G L M S

NAV | as of 09/21/2017

$32.87
-$0.08 (-0.24%)

Overall Morningstar Rating



Rated against 576 Mid-Cap Growth funds as of 08/31/2017

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

Fund Inception 08/26/1991

YTD 1YR 3YR 5YR 10YR INCEP.
MCMFX 10.31 18.87 7.35 12.58 5.83 10.05
Russell Midcap® Growth Index 11.40 17.05 7.83 14.19 7.87 -

Expense Ratios

  • Gross Expense Ratio: 0.72%
  • Net Expense Ratio: 0.72%
  • Expense Cap Expiration Date: N/A

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Objective

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

Why Consider

  • May be appropriate for investors looking to gain exposure to mid-sized 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 27, 2016 $1.944100 $0.288600 $0.158900 $1.496600
      Dec 28, 2015 $3.498200 $0.112000 $1.118200 $2.268000
      Dec 26, 2014 $7.293500 $2.727400 $4.566100
      Dec 26, 2013 $0.086300 $0.086300
      Dec 26, 2012 $0.132700 $0.132700
      Dec 28, 2010 $0.098100 $0.098100
      Dec 13, 2007 $3.065820 $0.967200 $2.098620
      Dec 14, 2006 $2.872620 $0.283180 $2.589440
      Dec 12, 2001 $0.167520 $0.167300 $0.000220
      Dec 12, 2000 $8.949560 $0.156080 $5.820990 $2.972490
      Dec 22, 1999 $0.108310 $0.108310
      Dec 10, 1999 $0.017200 $0.017200
      Dec 22, 1998 $0.015190 $0.015190
      Dec 11, 1998 $1.067250 $1.067250
      Dec 23, 1997 $0.081260 $0.081260
      Dec 5, 1997 $1.327350 $0.339420 $0.987930
      Dec 31, 1996 $0.048020 $0.048020
      Dec 13, 1996 $4.294690 $0.231940 $4.062750
      Jun 28, 1996 $0.026300 $0.026300
      Mar 29, 1996 $0.088010 $0.088010
      Dec 29, 1995 $0.452310 $0.022820 $0.429490
      Oct 31, 1995 $0.017000 $0.017000
      Jul 31, 1995 $0.018870 $0.018870
      Apr 28, 1995 $0.013120 $0.013120
      Dec 30, 1994 $0.016730 $0.016730
      Oct 31, 1994 $0.016610 $0.016610
      Jul 29, 1994 $0.016000 $0.016000
      Apr 29, 1994 $0.009810 $0.009810
      Dec 31, 1993 $0.032930 $0.019310 $0.013620
      Oct 29, 1993 $0.036760 $0.015870 $0.020890
      Jul 30, 1993 $0.016260 $0.016260
      Apr 30, 1993 $0.020653 $0.020653
      Jan 29, 1993 $0.001690 $0.001690
      Dec 31, 1992 $0.013730 $0.013730
      Oct 30, 1992 $0.049100 $0.049100
      Jul 31, 1992 $0.023500 $0.023500
      Apr 30, 1992 $0.006880 $0.006880
      Jan 31, 1992 $0.012680 $0.012680
      Dec 31, 1991 $0.022930 $0.022930
      Oct 31, 1991 $0.013660 $0.013660

Growth of $10,000 (Hypothetical)

Since Inception 08/26/1991 to 08/31/2017 = $121,163.14

  • 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

First Data Corp, Class A 2.20%
Lamb Weston Holdings Inc 2.09%
Eaton Vance Corp 2.00%
JetBlue Airways Corp 1.98%
Ulta Salon Cosmetics & Fragrance Inc 1.83%
Rockwell Automation Inc 1.79%
Zoetis Inc 1.74%
Cadence Design Systems Inc 1.68%
Scripps Networks Interactive Inc, Class A 1.68%
Red Hat Inc 1.68%
% in Top 10 Holdings 18.67%
View Holding Details Read Important Investment Disclosures

MPT Stats

Month Ending: 08/31/2017

View All Characteristics & Stats

Sector Allocation (Equity)

Quarter Ending: 06/30/2017

Investment Approach

Investment Approach

Cadence Mid Cap Fund

The Fund invests in common stocks of U.S. companies with medium-market capitalizations. The Fund currently defines medium-market capitalization companies as those with a market capitalization within the market capitalization range of the companies represented in the Russell Midcap® Index. Cadence Capital Management LLC (Cadence) uses a "growth-at-a-reasonable-price" investment philosophy, allowing the team to invest in companies that exhibit both growth and value characteristics. The team ranks the stocks in this universe based on a series of growth factors, such as the change in consensus earnings estimates over time, the company's history of meeting earnings targets, earnings quality and improvements on return on equity, as well as a series of value criteria, such as price-to-earnings ratio and free cash flow relative to enterprise value. The team then 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 7 to 95 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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