GW&K Trilogy Emerging Markets Equity Fund  (TLEVX)

Fund Notice:

On January 31, 2019, after the close of business, the subadviser of the AMG Trilogy Emerging Markets Equity Fund and the AMG Trilogy Emerging Wealth Equity Fund will change from Trilogy Global Advisors, L.P. to GW&K Investment Management, LLC. Additionally, the names of the funds will change to AMG GW&K Trilogy Emerging Markets Equity Fund and AMG GW&K Trilogy Emerging Wealth Equity Fund, respectively. The Portfolio Managers will remain the same.

Fund Overview

Fund Overview

Share Class

N

Morningstar | Style Box

V B G L M S

NAV | as of 06/17/2019

$9.38
-$0.01 (-0.11%)

Overall Morningstar Rating



Rated against 711 Diversified Emerging Mkts funds as of 05/31/2019

View Morningstar Details

Quarterly Performance (%) |
vs. Benchmark as of 03/31/2019

Fund Inception 03/01/2012

YTD 1YR 3YR 5YR 10YR INCEP.
TLEVX 13.85 -6.15 11.13 3.39 - 1.13
MSCI Emerging Markets Index 9.92 -7.41 10.68 3.68 8.94 2.20
View Monthly & Quarterly Performance Details

Performance shown for periods prior to January 31, 2019 reflects the performance of the Fund's previous subadviser, Trilogy Global Advisors, L.P. As of January 31, 2019, the Fund's subadviser was changed to GW&K Investment Management, LLC.

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.

Expense Ratios

  • Gross Expense Ratio: 1.27%
  • Net Expense Ratio: 1.27%
  • Expense Cap Expiration Date: N/A

Read Important Investment Disclosures

Objective

Seeks to provide long-term capital appreciation by investing in companies located in emerging market countries.

Why Consider

  • May be appropriate for investors looking to gain exposure to emerging market equity investments
  • Employs a bottom-up, growth-oriented, fundamental investment approach, targeting both early stage and traditional growth companies within emerging market countries
  • Input and constant interaction of experienced global sectors analysts help build the Fund’s portfolio
Pablo Salas

Pablo Salas

Portfolio Manager

See Our Approach Read Bio
William Sterling, Ph.D.

William Sterling, Ph.D.

Global Strategist

See Our Approach Read Bio

Performance

Performance

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Returns & Distributions

As of 03/31/2019

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2018 $0.093700 $0.093700
      Dec 27, 2017 $0.071400 $0.071400
      Dec 27, 2016 $0.067400 $0.067400
      Dec 28, 2015 $0.038000 $0.038000
      Dec 26, 2013 $0.033400 $0.033400
      Dec 26, 2012 $0.055800 $0.055800

Growth of $10,000 (Hypothetical)

Since Inception 03/01/2012 to 05/31/2019 = $10,258.28

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

Performance shown for periods prior to January 31, 2019 reflects the performance of the Fund's previous subadviser, Trilogy Global Advisors, L.P. As of January 31, 2019, the Fund's subadviser was changed to GW&K Investment Management, LLC.

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)

As of: 03/31/2019

Alibaba Group Holding Ltd ADR 5.43%
Taiwan Semiconductor Manufacturing Co Ltd 4.72%
Samsung Electronics Co Ltd 4.36%
Baidu Inc ADR, Class A 3.44%
Naspers Ltd, Class N 3.03%
Tencent Holdings Ltd 2.83%
Sberbank of Russia PJSC ADR 2.70%
China Construction Bank Corp, Class H 2.39%
Ping An Insurance Group Co of China Ltd, Class H 2.31%
Banco Bradesco SA ADR 2.12%
% in Top 10 Holdings 33.33%
View Holding Details Read Important Investment Disclosures

MPT Stats

As of: 05/31/2019

View All Characteristics & Stats

Regional Allocation

As of: 03/31/2019

Investment Approach

Investment Approach

AMG GW&K Trilogy Emerging Markets Equity Fund

The Fund generally invests at least 80% of its net assets in common and preferred stock of companies located in emerging market countries. The Fund's portfolio will normally allocate its investments across different countries to total approximately 60 to 120 securities. To gain exposure to foreign investments, the Fund may also invest in ADRs (American Depositary Receipts), GDRs (Global Depositary Receipts) and other depositary receipts of non-U.S. issuers. GW&K, the Fund's subadvisor, uses a bottom-up investment process driven by fundamental research, applying the following core principles to identify investments for the portfolio:

  • Earnings growth drives equity returns over the long term
  • Early-stage and traditional growth companies provide the greatest opportunity
  • Risk management, with respect to the Fund's portfolio, should focus on avoiding losing money, rather than minimizing tracking error against the benchmark
  • A disciplined investment process requires consistently identifying opportunities, evaluating potential returns and responding with timely buy/sell decisions

Keep Calm and Remain Diversified

 
A short- and long-term review of the power of diversification.
Read Full Perspective

Market View: Outlook for Emerging Markets

 
Thomas Masi and Nuno Fernandes, Portfolio Managers at GW&K Investment Management, discuss emerging markets investing in light of the rapidly growing emerging middle class.
Watch Video More About GW&K Investment Management

About

About GW&K Investment Management

Background

GW&K Investment Management is a dynamic investment management firm that offers active equity and fixed income investment solutions to help meet the needs of a diverse client base. GW&K’s founding principles of applying rigorous fundamental research, focusing on quality and maintaining a long-term view still guide its investment process today.

Learn More

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Founded

1974


Headquarters

Boston, MA


Affiliate Since

2008


AUM

$37.5B

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