FQ Global Risk-Balanced Fund  (MMAFX)

Fund Overview

Fund Overview

Share Class

Z

NAV | as of 09/21/2017

$15.53
-$0.02 (-0.13%)

Overall Morningstar Rating



Rated against 252 Tactical Allocation funds as of 08/31/2017

View Morningstar Details

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

Fund Inception 11/18/1988

YTD 1YR 3YR 5YR 10YR INCEP.
MMAFX 7.55 9.33 3.56 5.00 2.55 6.11
60% MSCI World Index & 40% Citigroup World Government Bond Index - Hedged 4.68 9.10 5.04 7.95 3.46 5.77
60% MSCI World Index & 40% Citigroup World Government Bond Index - UnHedged 8.20 8.81 2.94 6.81 4.23 6.57
S&P 500 Index 9.34 17.90 9.61 14.63 7.18 10.40

Expense Ratios

  • Gross Expense Ratio: 1.10%
  • Net Expense Ratio: 1.03%
  • Expense Cap Expiration Date: 03/01/2018

Read Important Investment Disclosures

Objective

The Fund seeks to maximize total return by investing in a diversified, risk-balanced global market portfolio with exposure to global equities, sovereign debt, inflation-protected securities and commodities.

Why Consider

  • Focus on risk-balanced exposure to global markets may serve as a core allocation within an investor’s broader asset allocation or complement a traditionally managed balanced fund
  • Seeks to provide greater capital loss protection during down markets than traditional balanced portfolios, as well as participate in market gains
  • Employs a proprietary, dynamic allocation process designed by an experienced boutique manager known for its systematic, theory based investment processes
Edgar Peters

Edgar Peters

Partner, Investments

See Our Approach Read Bio
Dori Levanoni

Dori Levanoni

Partner, Investments

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

Returns & Distributions

as of 06/30/2017

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2016 $0.227300 $0.227300
      Dec 28, 2015 $0.263400 $0.263400
      Dec 26, 2014 $0.431600 $0.431600
      Dec 26, 2012 $0.455600 $0.455600
      Dec 27, 2011 $0.563400 $0.563400
      Dec 28, 2010 $0.575700 $0.575700
      Dec 28, 2009 $0.098200 $0.098200
      Dec 26, 2008 $0.480400 $0.480400
      Dec 26, 2007 $0.475000 $0.475000
      Sep 25, 2007 $0.030000 $0.030000
      Jun 26, 2007 $0.040000 $0.040000
      Mar 27, 2007 $0.040000 $0.040000
      Dec 26, 2006 $0.030000 $0.030000
      Sep 26, 2006 $0.020000 $0.020000
      Jun 27, 2006 $0.125000 $0.125000
      Mar 28, 2006 $0.125000 $0.125000
      Dec 27, 2005 $0.429000 $0.429000
      Sep 27, 2005 $0.040000 $0.040000
      Jun 27, 2005 $0.110000 $0.110000
      Mar 28, 2005 $0.037000 $0.037000
      Jan 13, 2005 $0.002000 $0.002000
      Sep 30, 2004 $0.005000 $0.005000
      Jun 30, 2004 $0.005000 $0.005000
      Mar 31, 2004 $0.005000 $0.005000
      Sep 17, 2003 $0.055700 $0.055700
      Jun 30, 2003 $0.006000 $0.006000
      Mar 31, 2003 $0.003000 $0.003000
      Dec 20, 2002 $0.053000 $0.053000
      Sep 30, 2002 $0.003000 $0.003000
      Jun 28, 2002 $0.003000 $0.003000
      Mar 28, 2002 $0.005000 $0.005000
      Dec 20, 2001 $0.105460 $0.105460
      Oct 30, 2001 $0.004600 $0.004600
      Sep 28, 2001 $0.002500 $0.002500
      Jun 29, 2001 $0.030000 $0.030000
      Dec 15, 2000 $0.506740 $0.147790 $0.011750 $0.347200
      Oct 25, 2000 $0.870000 $0.870000
      Sep 29, 2000 $0.150000 $0.150000
      Jun 30, 2000 $0.140000 $0.140000
      Mar 31, 2000 $0.180000 $0.180000
      Dec 15, 1999 $1.176700 $0.073300 $0.105400 $0.998000
      Oct 26, 1999 $0.200000 $0.200000
      Sep 30, 1999 $0.150000 $0.150000
      Jun 30, 1999 $0.150000 $0.150000
      Mar 31, 1999 $0.120000 $0.120000
      Dec 15, 1998 $1.053000 $0.076300 $0.976700
      Jun 30, 1998 $0.120000 $0.120000
      Mar 31, 1998 $0.120000 $0.120000
      Dec 15, 1997 $0.304590 $0.076000 $0.024010 $0.204580
      Oct 31, 1997 $0.380000 $0.380000
      Sep 30, 1997 $0.170000 $0.170000
      Jun 30, 1997 $0.120000 $0.120000
      Mar 31, 1997 $0.110000 $0.110000
      Dec 13, 1996 $1.929296 $0.120000 $0.137774 $1.671522
      Sep 30, 1996 $0.100000 $0.100000
      Jul 31, 1996 $0.110000 $0.110000
      Apr 30, 1996 $0.160000 $0.160000
      Dec 29, 1995 $0.640409 $0.070000 $0.160409 $0.410000
      Oct 31, 1995 $0.090000 $0.090000
      Jul 31, 1995 $0.180000 $0.180000
      Apr 28, 1995 $0.150000 $0.150000
      Dec 30, 1994 $0.113700 $0.080300 $0.033400
      Oct 31, 1994 $0.140000 $0.040000 $0.100000
      Apr 29, 1994 $0.010000 $0.010000
      Dec 30, 1993 $0.121400 $0.090000 $0.031400
      Oct 29, 1993 $0.080000 $0.050000 $0.030000
      Jul 30, 1993 $0.080000 $0.080000
      Apr 30, 1993 $0.110000 $0.100200 $0.009800
      Dec 31, 1992 $0.070200 $0.030000 $0.040200
      Oct 30, 1992 $0.230000 $0.120000 $0.110000
      Jul 31, 1992 $0.120000 $0.120000
      Apr 30, 1992 $0.110000 $0.110000
      Jan 2, 1992 $0.060800 $0.051200 $0.009600
      Oct 31, 1991 $0.402600 $0.364600 $0.038000
      Dec 31, 1990 $0.090000 $0.090000
      Oct 31, 1990 $0.465700 $0.438300 $0.027400
      Dec 29, 1989 $0.095000 $0.095000
      Oct 31, 1989 $0.529600 $0.386900 $0.142700
      Dec 30, 1988 $0.063500 $0.063500

Growth of $10,000 (Hypothetical)

Since Inception 11/18/1988 to 08/31/2017 = $56,262.58

  • 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.

MPT Stats

Month Ending: 08/31/2017

View All Characteristics & Stats

Target Allocation

Quarter Ending: 06/30/2017

Very Low Low Medium High Very High
Developed Market Equities 41.80% 35.90% 29.40% 23.60% 17.80%
Small Cap 14.00% 12.20% 10.30% 8.50% 6.60%
Emerging Market Growth 11.90% 10.30% 8.80% 7.20% 5.60%
REITs 7.00% 6.00% 5.10% 4.10% 3.20%
High Yield 30.00% 24.30% 18.50% 12.80% 7.00%
Long Duration Sovereign Bonds 35.30% 51.70% 68.10% 84.60% 101.00%
TIPS 15.00% 18.40% 21.80% 25.20% 28.60%
Commodities 18.30% 17.30% 16.30% 15.30% 14.30%
Tail Risk Hedging (as % of NAV)
Options Overlay 100.00% 85.00% 70.00% 55.00% 40.00%

Investment Approach

Investment Approach

FQ Global Risk-Balanced Fund

The AMG FQ Global Risk-Balanced Fund is a global tactical asset allocation fund. The Fund's strategy is built on the premise that global investors are looking to build core portfolios that:

  • Provide broad coverage of the global markets
  • Participate in long-run, global economic growth
  • Diversify against general market declines in order to seek to preserve capital

To accomplish these objectives, FQ actively manages the overall risk in the Fund's portfolio. They:

  • Invest in complementary asset classes with a focus on asset classes that have exhibited low correlation with each other during certain economic time periods
  • Tactically reposition the portfolio to reflect changes in the global economic landscape. This Fund can be used as a complement to traditional balanced fund management or as the core allocation within an investor’s broader asset allocation

Additional Fund Highlights

Experienced boutique manager known for its systematic, theory based investment processes

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

AMG Funds: A Consultative Partner to Investment Advisors

Jeffrey Cerutti, CEO, describes the breadth of AMG Funds’ product offerings. He discusses how the diverse manager array enables the firm to be diagnostic and consultative in representing strategies to advisors.
Watch Video

About

About First Quadrant

Background

First Quadrant (FQ) is an innovative investment management boutique recognized for excellence in dynamic asset allocation and equity strategies. FQ employs a systematic, theory-based investment process and serves a global, primarily institutional client base.

Learn More

More Funds From First Quadrant

MFQTX

FQ Tax-Managed U.S. Equity Fund

The Fund seeks to achieve long-term after-tax returns by gaining exposure to U.S. stocks.

View Fund Details

MEQFX

FQ Long-Short Equity Fund

The Fund seeks long-term capital appreciation by gaining long and short exposure to stocks of U.S. companies.

View Fund Details

Founded

1988


Headquarters

Pasadena, CA


Affiliate Since

1996


AUM

$25.1B

Funds to Consider

GWMIX

GW&K Municipal Bond Fund

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

ADLIX

DoubleLine Core Plus Bond Fund

The Fund seeks to maximize total return.


Overall Morningstar Rating

Rated against 849 Intermediate-Term Bond funds as of 08/31/2017
★★★★★

ADLIX
Bloomberg Barclays U.S. Aggregate Bond Index

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

Fund Detail Read Important Investment Disclosures

Discover how AMG Funds brings more than 100 products from over 30 independent boutiques together under one flag.

Learn More About AMG Funds
  Back To Top