FQ Global Risk-Balanced Fund  (MMASX)

Fund Overview

Fund Overview

Share Class

I

NAV | as of 10/27/2021

$15.99
+$0.01 (+0.06%)

Growth of $10,000 (Hypothetical)

Since Inception 01/01/2010 to 09/30/2021 = $17,715.13

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

The 60% MSCI World Index & 40% FTSE World Government Bond Index (Hedged and UnHedged) and the S&P 500 Index are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends and do not reflect the impact of advisory fees. The S&P 500 is a widely unmanaged index of market activity based on the aggregate performance of a selected portfolio of publicly trade common stocks and we have included the results of such index to give you a perspective of the historical performance of the U.S. equity market

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

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

Documents

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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

 

The 60% MSCI World Index & 40% FTSE World Government Bond Index (Hedged and UnHedged) and the S&P 500 Index are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends and do not reflect the impact of advisory fees. The S&P 500 is a widely unmanaged index of market activity based on the aggregate performance of a selected portfolio of publicly trade common stocks and we have included the results of such index to give you a perspective of the historical performance of the U.S. equity market

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.

Expense Ratios

  • Gross Expense Ratio: 1.41%
  • Net Expense Ratio: 1.25%
  • Expense Cap Expiration Date: 03/01/2022

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 16, 2020 $0.093400 $0.093400
      Dec 16, 2019 $0.613800 $0.613800
      Dec 27, 2018 $0.332000 $0.332000
      Dec 27, 2017 $0.054900 $0.054900
      Dec 27, 2016 $0.220400 $0.220400
      Dec 28, 2015 $0.247500 $0.247500
      Dec 26, 2014 $0.415200 $0.415200
      Dec 26, 2012 $0.445700 $0.445700
      Dec 27, 2011 $0.550100 $0.550100
      Dec 28, 2010 $0.564200 $0.564200

Risk & Return Stats

As of: 09/30/2021

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Portfolio & Holdings

Portfolio & Holdings

Target Allocation

As of: 09/30/2021

Very Low Low Medium High Very High
Developed Market Equities 41.90% 36.00% 29.80% 23.60% 17.74%
Small Cap 14.00% 12.20% 10.30% 8.50% 6.63%
Emerging Market Growth 11.90% 10.30% 8.80% 7.20% 0.00%
REITs 7.00% 6.00% 5.10% 4.10% 0.00%
High Yield 30.00% 24.30% 18.50% 12.80% 7.42%
Long Duration Sovereign Bonds 35.40% 52.40% 69.50% 86.50% 65.03%
TIPS 15.00% 18.40% 21.80% 25.20% 26.42%
Commodities 18.00% 17.00% 16.00% 15.00% 9.85%
Tail Risk Hedging (as % of NAV)
Options Overlay 100.00% 85.00% 70.00% 55.00% -29.51%

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


Understanding Market Participants

 
First Quadrant is not trying to win the investment management rat race of acquiring fundamental data just slightly before other managers, they have chosen to focus their efforts on understanding how market participants will evaluate those fundamentals. This offers a different perspective and, what they believe, are different results.
Read Blog

About

About First Quadrant

Background

First Quadrant (FQ) is an innovative boutique investment firm 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

Founded

1988


Headquarters

Pasadena, CA


Affiliate Since

1996

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