Effective May 21, 2021, the subadviser of AMG FQ Tax-Managed U.S. Equity Fund (the "Fund") will change from First Quadrant, L.P. to Veritas Asset Management LLP ("Veritas"). The appointment of Veritas is pursuant to an interim subadvisory agreement in anticipation of shareholder approval of a definitive subadvisory agreement. Also effective May 21, 2021, the Fund will change its name to AMG Veritas Global Focus Fund and make changes to its investment objective, principal investment strategies and principal risks. For more information regarding these and other changes to the Fund, please see the Fund's prospectus.
This is part of a larger strategic business initiative to move to transition to a fund lineup entirely sub-advised by AMG Affiliates, we believe clients will benefit from a streamlined platform wholly focused on AMG Affiliates’ high-conviction investment offerings, including fee reductions, subject to shareholder approval, across all the strategies involved in the transition. Please see this Fund’s prospectus for further details on the fee reduction.
The Fund seeks to provide long-term capital appreciation.
Calendar Year Distributions
|Ex-Date||Total Distribution||Income||Short-term Cap Gains||Long-term Cap Gains|
|May 27, 2021||$24.477200||—||$1.197200||$23.280000|
|Dec 16, 2020||$0.554800||$0.057700||—||$0.497100|
|Dec 16, 2019||$0.131400||$0.087000||—||$0.044400|
|Dec 27, 2018||$0.467000||$0.052600||—||$0.414400|
|Dec 27, 2017||$0.039700||—||—||$0.039700|
|Dec 27, 2016||$0.236900||$0.236900||—||—|
|Dec 28, 2015||$0.098300||$0.098300||—||—|
|Dec 26, 2014||$0.054000||$0.054000||—||—|
|Dec 26, 2013||$0.023800||$0.023800||—||—|
|Dec 26, 2012||$0.123900||$0.123900||—||—|
|Dec 28, 2010||$0.012100||$0.012100||—||—|
|Dec 26, 2008||$0.106900||$0.106900||—||—|
|Dec 26, 2007||$0.054000||$0.054000||—||—|
|UnitedHealth Group Inc||3.95%|
|Visa Inc, Class A||3.75%|
|MasterCard Inc, Class A||3.62%|
|Berkshire Hathaway Inc, Class B||3.25%|
|Facebook Inc, Class A||2.29%|
|Brown & Brown Inc||2.24%|
|Alphabet Inc, Class C||2.01%|
|% in Top 10 Holdings||33.98%|
Veritas combines top-down analysis, focused on identifying long term themes and trends, with bottom-up fundamental company research that seeks to identify companies within those identified themes and trends that it believes have sound business models, strong management and disciplined financial controls. Veritas will construct a high conviction portfolio of 25 to 40 stocks, primarily from developed markets. The Fund can invest up to 25% in companies from emerging markets.
Founded in 2003, Veritas Asset Management is a leading Global and Asian equities manager. The firm manages both funds and segregated portfolios for institutional and retail investors globally. The focus is on identifying good quality, sustainable businesses and remaining patient to buy into these companies at the right entry point in order to achieve long term real returns.Learn More
By focusing on long term real returns, the fund aims to deliver capital appreciation and to outperform the MSCI Asia ex Japan index.View Fund Details
The Fund seeks to provide long-term capital appreciationView Fund Details
The Fund seeks to provide real returns over the medium and longer term.View Fund Details
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