Trilogy Emerging Markets Equity Fund  (TLEVX)

Fund Overview

Fund Overview

Share Class

N

Morningstar | Style Box

V B G L M S

NAV | as of 09/21/2017

$9.98
-$0.01 (-0.10%)

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

Fund Inception 03/01/2012

YTD 1YR 3YR 5YR 10YR INCEP.
TLEVX 17.94 22.40 -0.29 2.63 - -0.38
MSCI Emerging Markets Index 18.43 23.75 1.07 3.96 1.91 1.31

Expense Ratios

  • Gross Expense Ratio: 1.34%
  • Net Expense Ratio: 1.34%
  • Expense Cap Expiration Date: N/A

Read Important Investment Disclosures

Objective

Seeks to provide long-term capital appreciation by investing in companies located in emerging market countries.

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
  • Input and constant interaction of experienced global sectors analysts help build the Fund’s portfolio
Pablo Salas

Pablo Salas

Managing Director, Senior Portfolio Manager

See Our Approach Read Bio
William Sterling, Ph.D.

William Sterling, Ph.D.

Chief Executive Officer, Chairman, Chief Investment Officer, Senior Portfolio Manager

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Robert Beckwitt

Robert Beckwitt

Managing Director, Senior 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
      Dec 27, 2016 $0.067400 $0.067400
      Dec 28, 2015 $0.038000 $0.038000
      Dec 26, 2013 $0.033400 $0.033400
      Dec 26, 2012 $0.055800 $0.055800

Growth of $10,000 (Hypothetical)

Since Inception 03/01/2012 to 08/31/2017 = $10,777.23

  • 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: 06/30/2017

Samsung Electronics Co Ltd 5.14%
Alibaba Group Holding Ltd ADR 4.77%
Taiwan Semiconductor Manufacturing Co Ltd 4.12%
Baidu Inc ADR 2.89%
Hon Hai Precision Industry Co Ltd 2.53%
Sberbank of Russia ADR 2.36%
Naspers Ltd 2.28%
China Petroleum & Chemical Corp ADR 1.87%
Housing Development Finance Corp 1.75%
Grupo Financiero Banorte SAB de CV 1.74%
% in Top 10 Holdings 29.45%
View Holding Details Read Important Investment Disclosures

MPT Stats

Month Ending: 08/31/2017

View All Characteristics & Stats

Regional Allocation

Quarter Ending: 06/30/2017

Investment Approach

Investment Approach

Trilogy Emerging Markets Equity Fund

The Fund generally invests at least 80% of its net assets in common and preferred stock of companies located in emerging market countries. The Fund's portfolio will normally allocate its investments across different countries to total approximately 60 to 120 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. Trilogy, 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

Time to Rebalance International Equities?

Diversified investors may be frustrated by the underperformance of their international equity returns relative to their domestic equity returns over the last seven years.
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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.
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About

About Trilogy Global Advisors

Background

Trilogy’s investment strategies span the globe, from emerging to developed markets, and all market capitalizations. The firm applies a disciplined, team-based investment process to all strategies, employing a bottom-up, growth-at-a-reasonable price, fundamental investment approach.

Learn More

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Founded

1999


Headquarters

New York, NY


Affiliate Since

2010


AUM

$8.2B

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