Special Equity Fund  (MGSEX)

Fund Overview

Fund Overview

Share Class

N

  • N

Morningstar | Style Box

V B G L M S

NAV | as of 11/21/2017

$117.60
+$1.42 (+1.22%)

Overall Morningstar Rating



Rated against 598 Small Growth funds as of 10/31/2017

View Morningstar Details

Quarterly Performance (%) |
vs. Benchmark as of 09/30/2017

Fund Inception 06/01/1984

YTD 1YR 3YR 5YR 10YR INCEP.
MGSEX 14.76 19.18 11.15 12.99 7.06 11.41
Russell 2000® Growth Index 16.81 20.98 12.17 14.28 8.47 -

Expense Ratios

  • Gross Expense Ratio: 1.41%
  • Net Expense Ratio: 1.36%
  • Expense Cap Expiration Date: 05/01/2018

Read Important Investment Disclosures

Objective

Seeks to provide long-term capital appreciation by investing in a portfolio of small and mid cap stocks.

Why Consider

  • May be appropriate for investors looking to gain exposure to small and mid cap stocks
  • Employs a subadvised team of four separate managers each with different but complementary investment approaches
  • The Fund is designed to offer a fully diversified exposure to small cap, growth-oriented equities

Federated MDT Advisors

MDT Advisers, a Federated Advisory Company, is a quantitative investment management firm that offers a wide array of U.S. equity investment strategies.

See Our Approach

Lord Abbett

Lord Abbett is an independent asset management firm approaching small and micro cap investing by relying on fundamental research to identify quality growth stocks.

See Our Approach

Ranger Investment Management

Ranger employs fundamental analysis along with a bottom-up stock picking approach to managing equity portfolios.

See Our Approach

Smith Group Asset Management

Smith Group Asset Management is an investment management firm that blends quantitative research with fundamental analysis disciplines seeking to capture unexpected earnings growth.

See Our Approach

Performance

Performance

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Returns & Distributions

as of 09/30/2017

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 26, 2008 $5.783700 $0.039500 $5.744200
      Dec 26, 2007 $18.725500 $1.208900 $17.516600
      Dec 26, 2006 $13.560000 $13.560000
      Dec 27, 2005 $7.280000 $7.280000
      Dec 26, 2000 $11.770000 $4.710000 $7.060000
      Dec 28, 1999 $2.820000 $1.540000 $1.280000
      Dec 28, 1998 $0.070600 $0.070600
      Dec 26, 1997 $2.140000 $0.070000 $0.290000 $1.780000
      Dec 26, 1996 $3.070000 $0.780000 $2.290000
      Dec 26, 1995 $3.390000 $2.360000 $1.030000
      Aug 28, 1995 $2.270000 $2.270000
      Dec 30, 1994 $1.120000 $1.120000
      Sep 14, 1994 $0.220000 $0.220000
      Dec 28, 1993 $0.010000 $0.010000
      Dec 21, 1993 $2.600000 $0.640000 $1.960000
      Sep 15, 1993 $0.770000 $0.770000
      Dec 31, 1992 $0.010000 $0.010000
      Dec 16, 1992 $3.700000 $3.700000
      Nov 30, 1992 $0.010000 $0.010000
      Jun 30, 1992 $0.010000 $0.010000
      Mar 31, 1992 $0.020000 $0.020000
      Dec 31, 1991 $0.030000 $0.030000
      Dec 16, 1991 $1.740000 $1.180000 $0.560000
      Sep 30, 1991 $0.030000 $0.030000
      Aug 30, 1991 $0.020000 $0.020000
      Jul 31, 1991 $0.020000 $0.020000
      Jun 28, 1991 $0.020000 $0.020000
      May 31, 1991 $0.010000 $0.010000
      Apr 30, 1991 $0.020000 $0.020000
      Mar 29, 1991 $0.040000 $0.040000
      Feb 28, 1991 $0.020000 $0.020000
      Jan 31, 1991 $0.020000 $0.020000
      Dec 31, 1990 $0.040000 $0.040000
      Dec 17, 1990 $2.520000 $2.520000
      Nov 30, 1990 $0.020000 $0.020000
      Oct 31, 1990 $0.010000 $0.010000
      Sep 30, 1990 $0.030000 $0.030000
      Jul 31, 1990 $0.020000 $0.020000
      Jun 30, 1990 $0.040000 $0.040000
      May 31, 1990 $0.020000 $0.020000
      Apr 30, 1990 $0.060000 $0.060000
      Mar 31, 1990 $0.040000 $0.040000
      Feb 28, 1990 $0.030000 $0.030000
      Jan 31, 1990 $0.050000 $0.050000
      Dec 31, 1989 $3.100000 $0.040000 $3.060000
      Nov 30, 1989 $0.030000 $0.030000
      Oct 31, 1989 $0.050000 $0.050000
      Sep 30, 1989 $0.040000 $0.040000
      Aug 31, 1989 $0.070000 $0.070000
      Jul 31, 1989 $0.070000 $0.070000
      Jun 30, 1989 $0.050000 $0.050000
      May 31, 1989 $0.050000 $0.050000
      Apr 30, 1989 $0.040000 $0.040000
      Mar 31, 1989 $0.030000 $0.030000
      Feb 28, 1989 $0.020000 $0.020000
      Jan 31, 1989 $0.150000 $0.150000
      Dec 31, 1988 $1.510000 $0.040000 $1.470000
      Nov 30, 1988 $0.020000 $0.020000
      Oct 31, 1988 $0.030000 $0.030000
      Sep 30, 1988 $0.040000 $0.040000
      Aug 31, 1988 $0.020000 $0.020000
      Jul 31, 1988 $0.030000 $0.030000
      Jun 30, 1988 $0.050000 $0.050000
      May 31, 1988 $0.020000 $0.020000
      Apr 30, 1988 $0.050000 $0.050000
      Mar 31, 1988 $0.020000 $0.020000
      Feb 29, 1988 $0.050000 $0.050000
      Jan 31, 1988 $0.030000 $0.030000
      Dec 31, 1987 $1.710000 $1.710000
      Nov 30, 1987 $0.030000 $0.030000
      Oct 31, 1987 $0.040000 $0.040000
      Sep 30, 1987 $0.040000 $0.040000
      Aug 31, 1987 $0.030000 $0.030000
      Jul 31, 1987 $0.040000 $0.040000
      Jun 30, 1987 $0.810000 $0.810000
      May 31, 1987 $0.030000 $0.030000
      Apr 30, 1987 $0.040000 $0.040000
      Mar 31, 1987 $0.050000 $0.050000
      Feb 28, 1987 $0.020000 $0.020000
      Jan 31, 1987 $0.030000 $0.030000
      Dec 31, 1986 $0.030000 $0.030000
      Nov 30, 1986 $0.040000 $0.040000
      Oct 31, 1986 $0.020000 $0.020000
      Sep 30, 1986 $0.040000 $0.040000
      Aug 31, 1986 $0.030000 $0.030000
      Jul 31, 1986 $2.270000 $2.270000
      Jun 30, 1986 $0.070000 $0.070000
      May 31, 1986 $0.020000 $0.020000
      Apr 30, 1986 $0.030000 $0.030000
      Mar 31, 1986 $0.050000 $0.050000
      Feb 28, 1986 $0.080000 $0.080000
      Jan 31, 1986 $0.050000 $0.050000
      Dec 31, 1985 $0.040000 $0.040000
      Nov 30, 1985 $0.050000 $0.050000
      Oct 31, 1985 $0.040000 $0.040000
      Sep 30, 1985 $0.050000 $0.050000
      Aug 31, 1985 $0.060000 $0.060000
      Jul 31, 1985 $0.030000 $0.030000
      Jun 30, 1985 $0.130000 $0.030000 $0.100000
      Apr 30, 1985 $0.030000 $0.030000
      Mar 31, 1985 $0.060000 $0.060000
      Feb 28, 1985 $0.020000 $0.020000
      Dec 31, 1984 $0.180000 $0.180000
      Sep 30, 1984 $0.230000 $0.230000

Growth of $10,000 (Hypothetical)

Since Inception 06/01/1984 to 10/31/2017 = $416,699.23

  • 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: 09/30/2017

PRA Health Sciences Inc* 2.07%
Banc of California Inc 1.45%
Cantel Medical Corp 1.37%
Saia Inc 1.37%
Cotiviti Holdings Inc* 1.30%
Steven Madden Ltd 1.29%
Pegasystems Inc 1.25%
Calavo Growers Inc 1.23%
Supernus Pharmaceuticals Inc* 1.21%
WageWorks Inc* 1.21%
% in Top 10 Holdings 13.75%

* Held by more than one portfolio manager.

View Holding Details Read Important Investment Disclosures

MPT Stats

Month Ending: 10/31/2017

View All Characteristics & Stats

Sector Allocation (Equity)

Quarter Ending: 09/30/2017

Investment Approach

Investment Approach

Special Equity Fund

The Fund invests at least 80% of its assets in equity securities, generally common and preferred stocks of U.S. companies. Although the Fund is permitted to purchase securities of both small and medium cap companies, the Fund has historically invested substantially all of its assets in the securities of small cap companies—that is, companies with market capitalizations within the range of the Russell 2000® Growth Index. However, the Fund may purchase or retain securities that are outside the Fund's typical capitalization range.

Managers Special Equity Fund is designed to provide broad exposure to small cap, growth-oriented equities. This is achieved by employing a number of investment managers, each with a different focus and approach to investing in the small cap market. The Fund is subadvised by a team of four institutional managers, each of which has a different focus and approach to investing in small cap stocks: Smith Asset Management Group, L.P.; Lord, Abbett & Co. LLC; Ranger Investment Management L.P.; and Federated MDTA LLC.

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

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