Special Equity Fund  (MSEIX)

Fund Overview

Fund Overview

Share Class

I

  • I

NAV | as of 12/06/2019

$147.81
+$1.22 (+0.83%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating



Rated against 573 Small Growth funds as of 10/31/2019

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 05/03/2004 to 11/30/2019 = $36,373.17

  • 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. 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

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 Advisers

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

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. 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. Returns for periods less than one year are not annualized.

Expense Ratios

  • Gross Expense Ratio: 1.14%
  • Net Expense Ratio: 1.12%
  • Expense Cap Expiration Date: 05/01/2020

Distributions & Pricing


    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 26, 2008 $5.838900 $0.039900 $5.799000
      Dec 26, 2007 $19.054500 $1.230100 $17.824400
      Dec 26, 2006 $13.560000 $13.560000
      Dec 27, 2005 $7.280000 $7.280000

Risk & Return Stats

As of: 11/30/2019

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 09/30/2019

Repligen Corp* 2.02%
WNS Holdings Ltd ADR 1.75%
Pegasystems Inc 1.72%
MAXIMUS Inc* 1.53%
Inter Parfums Inc* 1.42%
Qualys Inc* 1.31%
J&J Snack Foods Corp 1.22%
Skyline Champion Corp* 1.22%
Medpace Holdings Inc* 1.18%
Evo Payments Inc, Class A* 1.17%
% in Top 10 Holdings 14.54%

* Held by more than one portfolio manager.

View Holding Details Read Important Investment Disclosures

Sector Allocation (Equity)

As of: 09/30/2019

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.


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Rebalancing International Equities: What to Know. What to Consider.

 
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Funds to Consider

YACKX

Yacktman Fund

The Fund seeks long-term capital appreciation and, to a lesser extent, current income by primarily investing in common stocks of U.S. companies.


Overall Morningstar Rating

Rated against 1094 Large Value funds as of 10/31/2019
★★★★

YACKX
S&P 500 Index
Russell 1000® Value Index

Quarterly performance (%) data as of 09/30/2019

Fund Detail Read Important Investment Disclosures

ARDEX

River Road Dividend All Cap Value Fund

Seeks to provide high current income and, secondarily, long-term capital appreciation by investing primarily in a diversified, all cap portfolio of income producing equity securities.


Overall Morningstar Rating

Rated against 1094 Large Value funds as of 10/31/2019
★★★

ARDEX
Russell 3000® Value Index

Quarterly performance (%) data as of 09/30/2019

Fund Detail Read Important Investment Disclosures

MGFIX

Loomis Sayles Bond Fund

Seeks a high level of current income by investing in a flexible portfolio of fixed income securities.


Overall Morningstar Rating

Rated against 539 Intermediate Core-Plus Bond funds as of 10/31/2019
★★★★★

MGFIX
Bloomberg Barclays U.S. Government/Credit Bond Index

Quarterly performance (%) data as of 09/30/2019

Fund Detail Read Important Investment Disclosures

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