Pictet International Fund  (APINX)

Fund Overview

Fund Overview

Share Class

N

NAV | as of 10/29/2020

$8.28
+$0.05 (+0.61%)

Morningstar | Style Box

V B G L M S

Growth of $10,000 (Hypothetical)

Since Inception 04/14/2014 to 09/30/2020 = $10,513.25

  • 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.

Objective

The Fund seeks to provide long-term capital appreciation by investing in non-U.S. companies.

Why Consider

  • The Fund may be appropriate for your overall investment allocation if you are looking for opportunistic all-cap exposure to non-U.S. companies primarily located in developed markets.
  • Pictet employs discipline at every step of the investment process informed by a challenge and a "multiple eyes" approach to research
  • Pictet seeks to balance conviction and risk to set portfolio active weight

Documents

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Fund Managers

Fabio Paolini, CFA

Co-Head of EAFE Equities

Read Full Bio

Benjamin Beneche, CFA

Co-Head of EAFE Equities

Read Full Bio

Performance

Performance

Read Important Investment Disclosures

Returns

 

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: 1.31%
  • Net Expense Ratio: 1.28%
  • Expense Cap Expiration Date: 03/01/2021

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 16, 2019 $0.234300 $0.234300
      Dec 27, 2018 $0.966000 $0.200500 $0.765500
      Dec 27, 2017 $0.509500 $0.182200 $0.146700 $0.180600
      Dec 27, 2016 $0.275200 $0.071000 $0.199800 $0.004400
      Dec 30, 2015 $0.083800 $0.019000 $0.064800
      Dec 30, 2014 $0.058000 $0.033400 $0.024600

Risk & Return Stats

As of: 09/30/2020

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 09/30/2020

Nestle SA 3.41%
Asahi Group Holdings Ltd 3.26%
Informa PLC 2.69%
Trip.com Group Ltd ADR 2.52%
Anheuser-Busch InBev SA 2.18%
FANUC Corp 2.14%
Nexon Co Ltd 2.12%
ASML Holding NV 2.10%
Prudential PLC 2.03%
Safran SA 2.01%
% in Top 10 Holdings 24.46%
View Holding Details Read Important Investment Disclosures

Regional Allocation

As of: 09/30/2020

Investment Approach

Investment Approach

Pictet International Fund

Pictet believes growing companies that create value and trade at a discount to their intrinsic value will generate superior long-term investment returns.

The Fund invests primarily in non-U.S. common stocks with an emphasis on companies whose principal activities are located in countries represented by the MSCI EAFE Index. Utilizing a bottom-up fundamental process that focuses on future growth in cash generation and return on capital, the Fund may invest in companies of all sizes, including small and mid cap companies. Considered a GARP (Growth At a Reasonable Price) strategy, the Fund’s weightings reflect where the Fund's investment team has gone to seek the best companies in its universe.


A World of Opportunity: Surveying the Global Equity Investing Landscape

 
The vast size of the global investment universe offers diversification possibilities in both non-U.S. developed, emerging, and frontier markets equities. While it is impossible to predict next year’s out-performers, investors who diversify globally may be well positioned to achieve their long-term goals.
Read Full Perspective

AMG Managers Pictet International Fund: Overview

 
Portfolio managers Fabio Paolini and Benjamin Beneche discuss Pictet's absolute return, value-oriented approach to international investing.
Watch Video More About Pictet Asset Management

About

About Pictet Asset Management

Background

Pictet Asset Management believes in disciplined active management through bottom-up stock selection and seeks to identify stocks trading at a discount to its calculation of intrinsic value.

Learn More

Founded

1805


Headquarters

Geneva, Switzerland


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