Montag & Caldwell Balanced Fund  (MOBAX)

Fund Overview

Fund Overview

Share Class

N

  • N

NAV | as of 09/18/2017

$22.65
$0.00 (0.00%)

Overall Morningstar Rating



Rated against 723 Allocation--50% to 70% Equity funds as of 08/31/2017

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

Fund Inception 11/02/1994

YTD 1YR 3YR 5YR 10YR INCEP.
MOBAX 8.47 5.53 4.63 6.87 5.70 7.35
60% S&P 500/40% Bloomberg Barclays U.S. Government/Credit Bond Index 6.67 10.32 7.04 9.78 6.80 8.61
Bloomberg Barclays U.S. Government/Credit Bond Index 2.66 -0.41 2.62 2.29 4.57 5.81

Expense Ratios

  • Gross Expense Ratio: 1.39%
  • Net Expense Ratio: 1.36%
  • Expense Cap Expiration Date: 02/28/2018

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Objective

The Fund seeks long-term total return by investing in a portfolio of equity, fixed income and short-term securities.

Why Consider

  • Provides broad exposure to growth stocks, coupled with a core bond portfolio that may serve as a core allocation for investors
  • Consistent risk-controlled approach which includes conservative growth assumptions, position limits based on sectors and individual securities and an explicit sell discipline
  • Seeks to invest in high-quality growth stocks that are attractively priced and growing their near‐term earnings faster than the market

Fund Managers

Ronald E. Canakaris, CFA, CIC

Chairman and Chief Investment Officer

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Helen M. Donahue, CFA

Vice President and Portfolio Manager

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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
      Jun 27, 2017 $0.005300 $0.005300
      Mar 28, 2017 $0.025000 $0.025000
      Dec 27, 2016 $1.935000 $0.053600 $1.881400
      Sep 23, 2016 $0.037900 $0.037900
      Jun 17, 2016 $0.043900 $0.043900
      Mar 18, 2016 $0.027700 $0.027700
      Dec 30, 2015 $1.079700 $0.038500 $1.041200
      Sep 18, 2015 $0.030200 $0.030200
      Jun 19, 2015 $0.042400 $0.042400
      Mar 20, 2015 $0.045000 $0.045000
      Dec 30, 2014 $2.137900 $0.057600 $0.072300 $2.008000
      Sep 19, 2014 $0.047400 $0.047400
      Jun 20, 2014 $0.058200 $0.058200
      Mar 21, 2014 $0.041300 $0.041300
      Dec 30, 2013 $0.806700 $0.065600 $0.741100
      Sep 20, 2013 $0.058000 $0.058000
      Jun 21, 2013 $0.073000 $0.073000
      Mar 22, 2013 $0.054200 $0.054200
      Dec 28, 2012 $0.104900 $0.104900
      Sep 21, 2012 $0.059600 $0.059600
      Jun 22, 2012 $0.057000 $0.057000
      Mar 23, 2012 $0.056300 $0.056300
      Dec 29, 2011 $0.064900 $0.064900
      Sep 23, 2011 $0.050900 $0.050900
      Jun 17, 2011 $0.064500 $0.064500
      Mar 18, 2011 $0.040200 $0.040200
      Dec 29, 2010 $0.063800 $0.063800
      Sep 17, 2010 $0.068500 $0.068500
      Jun 18, 2010 $0.068100 $0.068100
      Mar 19, 2010 $0.065800 $0.065800
      Dec 29, 2009 $0.078900 $0.078900
      Sep 18, 2009 $0.062100 $0.062100
      Jun 19, 2009 $0.052900 $0.052900
      Mar 20, 2009 $0.058900 $0.058900
      Dec 29, 2008 $0.070600 $0.070600
      Sep 19, 2008 $0.050100 $0.050100
      Jun 20, 2008 $0.054000 $0.054000
      Mar 20, 2008 $0.060900 $0.060900
      Dec 14, 2007 $0.079200 $0.079200
      Sep 14, 2007 $0.059600 $0.059600
      Jun 15, 2007 $0.049900 $0.049900
      Mar 16, 2007 $0.050600 $0.050600
      Dec 15, 2006 $0.075300 $0.075300
      Sep 15, 2006 $0.068300 $0.068300
      Jun 16, 2006 $0.059300 $0.059300
      Mar 10, 2006 $0.045200 $0.045200
      Dec 16, 2005 $0.081500 $0.081500
      Sep 16, 2005 $0.062800 $0.062800
      Jun 10, 2005 $0.058900 $0.058900
      Mar 11, 2005 $0.045500 $0.045500
      Dec 17, 2004 $0.073900 $0.073900
      Sep 10, 2004 $0.065200 $0.065200
      Jun 14, 2004 $0.058500 $0.058500
      Mar 12, 2004 $0.051600 $0.051600
      Dec 19, 2003 $0.077700 $0.077700
      Sep 12, 2003 $0.050400 $0.050400
      Jun 13, 2003 $0.056300 $0.056300
      Mar 14, 2003 $0.058000 $0.058000
      Dec 20, 2002 $0.080200 $0.080200
      Sep 13, 2002 $0.071400 $0.071400
      Jun 14, 2002 $0.075200 $0.075200
      Mar 15, 2002 $0.068200 $0.068200
      Dec 21, 2001 $0.090100 $0.090100
      Sep 20, 2001 $0.087700 $0.087700
      Jun 15, 2001 $0.083500 $0.083500
      Mar 16, 2001 $0.071500 $0.071500
      Dec 15, 2000 $0.738900 $0.116000 $0.622900
      Sep 15, 2000 $0.094100 $0.094100
      Jun 16, 2000 $0.091300 $0.091300
      Mar 10, 2000 $0.059300 $0.059300
      Dec 10, 1999 $0.980700 $0.101100 $0.879600
      Sep 10, 1999 $0.078700 $0.078700
      Jun 11, 1999 $0.062400 $0.062400
      Mar 12, 1999 $0.045900 $0.045900
      Dec 11, 1998 $1.015300 $0.078300 $0.937000
      Sep 11, 1998 $0.066900 $0.066900
      Jun 12, 1998 $0.071500 $0.071500
      Mar 13, 1998 $0.052100 $0.052100
      Dec 12, 1997 $0.463800 $0.080400 $0.052100 $0.331300
      Sep 12, 1997 $0.060200 $0.060200
      Jun 13, 1997 $0.061700 $0.061700
      Mar 14, 1997 $0.049000 $0.049000
      Dec 13, 1996 $1.292300 $0.076800 $0.164800 $1.050700
      Sep 13, 1996 $0.068800 $0.068800
      Jun 14, 1996 $0.066800 $0.066800
      Mar 15, 1996 $0.056000 $0.056000
      Dec 15, 1995 $0.078400 $0.078400
      Sep 15, 1995 $0.072000 $0.072000
      Jun 16, 1995 $0.065000 $0.065000
      Mar 10, 1995 $0.053000 $0.053000
      Dec 16, 1994 $0.038000 $0.038000

Growth of $10,000 (Hypothetical)

Since Inception 11/02/1994 to 08/31/2017 = $51,149.19

  • 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: 06/30/2017

Microsoft Corp 3.21%
Facebook Inc, Class A 2.88%
UnitedHealth Group Inc 2.86%
Alphabet Inc, Class A 2.83%
Philip Morris International Inc 2.76%
Visa Inc 2.62%
Priceline Group Inc 2.49%
PepsiCo Inc 2.46%
Edwards Lifesciences Corp 2.41%
Estee Lauder Cos Inc, Class A 2.28%
% in Top 10 Holdings 26.80%
View Holding Details Read Important Investment Disclosures

MPT Stats

Month Ending: 08/31/2017

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Sector Allocation (Equity)

Quarter Ending: 06/30/2017

Investment Approach

Investment Approach

Montag & Caldwell Balanced Fund

The Fund normally invests 50%-70% of its total assets in well-established, large cap equity securities with market capitalization sizes of greater than $5 billion. Companies considered for inclusion are firms that the Fund's sub-adviser believes are growing their near-term earnings and selling at a discount to their estimated intrinsic value. In addition, the Fund’s bottom-up approach focuses on:

  • A solid balance sheet with a strong history of earnings growth
  • Favorably priced companies relative to a potential for above-average long-term earnings and revenue growth
  • Sustainable competitive advantage
  • Potential to outperform during market downturns

The Fund will simultaneously invest at least 25% of its total assets in a wide range of fixed income securities with rating of BBB or better. Emphasis is placed on diversification and credit analysis as the Fund seeks to maximize total return and minimize risk through sector allocation and duration management.

Additional Fund Highlight

Consistent and disciplined process through full market cycle.

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 Montag & Caldwell

Background

Montag & Caldwell uses a disciplined team-based fundamental research process that seeks to invest in growth companies.

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Montag & Caldwell Mid Cap Growth Fund

The Fund seeks to provide long-term capital appreciation and current income by investing in the stocks and convertible securities of mid cap companies.

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Founded

1945


Headquarters

Atlanta, GA


AUM

$3.7B

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