Emerging Opportunities Fund  (MMCFX)

Fund Overview

Fund Overview

Share Class

N

  • N

Morningstar | Style Box

V B G L M S

NAV | as of 09/21/2017

$47.54
-$0.06 (-0.13%)

Overall Morningstar Rating



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

View Morningstar Details

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

Fund Inception 06/30/1994

YTD 1YR 3YR 5YR 10YR INCEP.
MMCFX 8.15 27.96 6.46 13.87 7.89 12.80
Russell Microcap® Index 4.23 27.60 6.69 13.73 5.47 7.10
Russell 2000® Index 4.99 24.60 7.36 13.70 6.92 9.48

Expense Ratios

  • Gross Expense Ratio: 1.53%
  • Net Expense Ratio: 1.43%
  • Expense Cap Expiration Date: 03/01/2018

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Objective

Seeks to provide long-term capital appreciation by investing in a portfolio of micro cap companies.

Why Consider

  • May be appropriate for investors looking to gain exposure to micro cap companies
  • Employs a subadvised team of four separate managers each with different but complementary investment approaches
  • Designed to offer fully diversified exposure to micro cap equities with potentially less risk than a single-manager fund in this space

Lord Abbett

Lord Abbett is an independent asset management firm approaching small and micro cap investing by relying on fundamental research to identify quality growth stocks.

See Our Approach

Next Century Growth Investors

Next Century Growth Investors (NCG) offers portfolio management services within the micro-cap universe by targeting fast growing companies with strong long term growth prospects.

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RBC Global Asset Management

RBC is a global asset manager approaching micro-cap investing with quantitative screens and industry research to concentrate stock selection on a narrowed sub-universe of companies.

See Our Approach

WEDGE Capital Management

WEDGE Capital Management is a boutique investment advisory firm offering value equity and fixed income strategies.

See Our Approach

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 $0.144700 $0.144700
      Dec 28, 2015 $4.518200 $0.775000 $3.743200
      Dec 26, 2014 $5.315200 $0.800900 $4.514300
      Dec 26, 2013 $6.797900 $3.226300 $3.571600
      Dec 26, 2012 $2.915900 $0.067800 $2.848100
      Dec 27, 2011 $2.660400 $2.660400
      Dec 26, 2008 $1.564500 $1.564500
      Dec 15, 2000 $2.950260 $2.950260
      Oct 25, 2000 $6.304400 $0.024400 $6.280000
      Dec 15, 1999 $0.118500 $0.118500
      Oct 26, 1999 $5.740000 $5.740000
      Dec 15, 1997 $1.243900 $0.035990 $1.207910
      Oct 31, 1997 $1.520000 $1.520000
      Dec 13, 1996 $0.917858 $0.850626 $0.067232
      Dec 29, 1995 $0.504478 $0.504478
      Oct 31, 1994 $0.020350 $0.020350

Growth of $10,000 (Hypothetical)

Since Inception 06/30/1994 to 08/31/2017 = $162,550.17

  • 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: 04/30/2017

Patrick Industries Inc* 1.88%
Universal Electronics Inc* 1.52%
Novanta Inc* 1.37%
Malibu Boats Inc, Class A* 1.20%
Pacific Premier Bancorp Inc* 1.16%
Compass Diversified Holdings 1.15%
NV5 Global Inc* 1.08%
Five9 Inc* 1.08%
Everbridge Inc* 1.07%
LGI Homes Inc* 1.07%
% in Top 10 Holdings 12.58%

* Held by more than one portfolio manager.

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

Emerging Opportunities Fund

The Fund invests at least 80% of its assets in the stocks of U.S. micro cap companies. These companies have market capitalizations that, at the time of initial purchase, place them among the smallest 3% of companies listed on U.S. stock markets.

The Fund utilizes a multi-manager approach, with subadvisors who use complementary investment approaches combined to provide broad micro cap exposure.

Markets Are Cyclical, Your Success Should Not Be

If history has taught us anything, it is that markets are cyclical. They rise and they fall, and just when investors convince themselves that something has changed, the pattern continues. Investors who understand this about the markets possess a distinct advantage.
Read Full Perspective

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Overall Morningstar Rating

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★★★★★

ADLIX
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Quarterly performance (%) data as of 06/30/2017

Fund Detail Read Important Investment Disclosures

GWMIX

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The Fund seeks to provide current income, exempt from federal income tax, and capital preservation by primarily investing in a portfolio of high-quality municipal bonds.


Overall Morningstar Rating

Rated against 263 Muni National Interm funds as of 08/31/2017
★★★

GWMIX
Bloomberg Barclays 10-Year Municipal Bond Index

Quarterly performance (%) data as of 06/30/2017

Fund Detail Read Important Investment Disclosures

HLMNX

Harding Loevner International Equity Portfolio

The Portfolio seeks long-term capital appreciation through investments in equity securities of companies based outside the United States.


Overall Morningstar Rating

Rated against 327 Foreign Large Growth funds as of 08/31/2017
★★★★

HLMNX
MSCI ACWI ex USA Index

Quarterly performance (%) data as of 06/30/2017

Fund Detail Read Important Investment Disclosures

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