GW&K Trilogy Emerging Wealth Equity Fund  (TYWIX)

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

Z

Morningstar | Style Box

V B G L M S

NAV | as of 02/15/2019

$10.93
-$0.04 (-0.36%)

Overall Morningstar Rating



Rated against 706 Diversified Emerging Mkts funds as of 12/31/2018

View Morningstar Details

Quarterly Performance (%) |
vs. Benchmark as of 12/31/2018

Fund Inception 03/19/2015

YTD 1YR 3YR 5YR 10YR INCEP.
TYWIX -18.99 -18.99 7.29 - - 3.06
MSCI Emerging Markets Index -14.58 -14.58 9.25 1.65 8.02 2.47
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. Performance Data shown does not reflect the 2.00% redemption fee imposed on the shares held 60 days or less; otherwise, total returns would be reduced.

Expense Ratios

  • Gross Expense Ratio: 1.05%
  • Net Expense Ratio: 1.05%
  • Expense Cap Expiration Date: N/A

Read Important Investment Disclosures

Objective

Seeks to provide long-term capital appreciation by investing in emerging market companies and developed market companies that have emerging markets revenue exposure.

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, or developed market companies with revenue exposure to emerging markets
  • Input and constant interaction of experienced global sectors analysts help build the Fund’s portfolio
William Sterling, Ph.D.

William Sterling, Ph.D.

Global Strategist

See Our Approach Read Bio
Thomas Masi, CFA

Thomas Masi, CFA

Portfolio Manager

See Our Approach Read Bio
Nuno Fernandes, CFA

Nuno Fernandes, CFA

Portfolio Manager

See Our Approach Read Bio

Performance

Performance

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Returns & Distributions

As of 12/31/2018

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2018 $0.525900 $0.086600 $0.439300
      Dec 27, 2017 $0.777600 $0.087600 $0.690000
      Dec 27, 2016 $0.080100 $0.080100
      Dec 28, 2015 $0.025500 $0.025500

Growth of $10,000 (Hypothetical)

Since Inception 03/19/2015 to 01/31/2019 = $12,156.80

  • 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. Performance Data shown does not reflect the 2.00% redemption fee imposed on the shares held 60 days or less; otherwise, total returns would be reduced.

Top Holdings (Equity)

As of: 12/31/2018

HDFC Bank Ltd ADR 6.18%
Sands China Ltd 5.44%
Sberbank of Russia PJSC ADR 4.71%
Baidu Inc ADR, Class A 4.65%
Tencent Holdings Ltd 4.65%
QUALCOMM Inc 4.32%
Alibaba Group Holding Ltd ADR 4.29%
Yum China Holdings Inc 4.19%
AIA Group Ltd 4.05%
Infineon Technologies AG 3.92%
% in Top 10 Holdings 46.40%
View Holding Details Read Important Investment Disclosures

MPT Stats

As of: 01/31/2019

View All Characteristics & Stats

Regional Allocation

As of: 12/31/2018

Investment Approach

Investment Approach

AMG GW&K Trilogy Emerging Wealth Equity Fund

The Fund generally invests in emerging market companies and developed market companies that have emerging markets revenue exposure. The Fund's portfolio will normally allocate its investments across different countries to total approximately 60 to 100 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

Investment Essentials

 
We have designed our Investment Essentials program to provide you with the basics of investing. Equipped with this knowledge, you can have better conversations with your financial advisor and, potentially, find better solutions to your investment needs.
Read Full Perspective

Emerging Wealth Equity Investing With GW&K Investment Management

 
Thomas Masi and Nuno Fernandes, Portfolio Managers at GW&K Investment Management, discuss the opportunity created by the rapidly expanding emerging markets middle class and Trilogy’s approach to investing in the space.
Watch Video More About GW&K Investment Management

About

About GW&K Investment Management

Background

GW&K 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

$35.6B

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