Yacktman Global Fund  (YFSIX)

Fund Notice

Effective July 1, 2021, the Fund changed its name from AMG Yacktman Focused Fund – Security Selection Only to AMG Yacktman Global Fund and changed its principal investment strategies. For more information regarding these and other changes to the Fund, please see the Fund's prospectus.

Fund Overview

Fund Overview

Share Class

I

  • I

NAV | as of 07/23/2021

$17.53
+$0.06 (+0.34%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating


Rated against 1257 Large Blend funds as of 06/30/2021

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 01/30/2017 to 06/30/2021 = $20,088.39

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

Effective July 1, 2021, the Yacktman Global Fund's primary and secondary benchmarks were changed to the MSCI World Index becoming the primary benchmark and S&P 500 Index the secondary benchmark from the Russell 1000 Value Index as the primary benchmark and the S&P 500 Index as the secondary benchmark previously. The MCSI World Index and the S&P 500 Index are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends and do not reflect the impact of advisory fees. The S&P 500 is a widely unmanaged index of market activity based on the aggregate performance of a selected portfolio of publicly trade common stocks and we have included the results of such index to give you a perspective of the historical performance of the U.S. equity market.

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 generate equity-like rates of return over a full market cycle while managing the level of risk.

Why Consider

  • Provides investors exposure to securities which the portfolio managers expect to provide strong risk-adjusted results over a full market cycle
  • Subadvised by a seasoned investment team with a long track record and reputation for a disciplined investment approach
  • The Fund may be appropriate for your overall investment allocation if you are looking to gain exposure to global equity investments

Performance

Performance

Read Important Investment Disclosures

Returns

 

Effective July 1, 2021, the Yacktman Global Fund's primary and secondary benchmarks were changed to the MSCI World Index becoming the primary benchmark and S&P 500 Index the secondary benchmark from the Russell 1000 Value Index as the primary benchmark and the S&P 500 Index as the secondary benchmark previously. The MCSI World Index and the S&P 500 Index are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends and do not reflect the impact of advisory fees. The S&P 500 is a widely unmanaged index of market activity based on the aggregate performance of a selected portfolio of publicly trade common stocks and we have included the results of such index to give you a perspective of the historical performance of the U.S. equity market.

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: 0.99%
  • Net Expense Ratio: 0.93%
  • Expense Cap Expiration Date: 05/01/2023

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 16, 2020 $0.747200 $0.236300 $0.141600 $0.369300
      Dec 16, 2019 $0.583000 $0.250600 $0.285600 $0.046800
      Dec 27, 2018 $0.085100 $0.065300 $0.006300 $0.013500
      Dec 27, 2017 $0.309700 $0.215100 $0.094600

Risk & Return Stats

As of: 06/30/2021

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 06/30/2021

Samsung Electronics Co Ltd Preferred 9.96%
Bollore SA 9.24%
HI-LEX Corp 5.64%
KT&G Corp 3.97%
Compagnie de L'Odet SA 3.80%
Ocean Wilsons Holdings Ltd 3.65%
Canadian Natural Resources Ltd 2.98%
Fox Corp, Class B 2.55%
Hyundai Motor Co 2.43%
Brenntag SE 2.27%
% in Top 10 Holdings 46.49%
View Holding Details Read Important Investment Disclosures

Regional Allocation

As of: 06/30/2021

Investment Approach

Investment Approach

Yacktman Global Fund

The Fund seeks long-term capital appreciation, and, to a lesser extent, current income. The Fund is non-diversified and mainly invests in common stocks of United States companies of any size, some, but not all of which, pay dividends. Yacktman employs a disciplined investment strategy, buying growth companies at what it believes to be low prices. Yacktman believes this approach combines the best features of "growth" and "value" investing. When they purchase stocks, they generally search for companies they believe to possess one or more of the following three attributes:  

Good Business

  • High market share in principal product and/or service lines
  • A high cash return on tangible assets
  • Relatively low capital requirements allowing a business to generate cash while growing
  • Short customer repurchase cycles and long product cycles
  • Unique franchise characteristics

Shareholder-Oriented Management

Yacktman believes a shareholder-oriented management does not overcompensate itself and wisely allocates the cash the company generates. Yacktman looks for companies that:

  • Reinvest in the business and still have excess cash
  • Make synergistic acquisitions
  • Buy back stock

Low Purchase Price

  • Yacktman looks for a stock that sells for less than what an investor would pay to buy the whole company
  • The stock prices of individual companies can vary significantly over short periods of time, and such price movements are not always correlated with changes in company fundamental performance. Accordingly, Yacktman generally prefers to wait for buying opportunities. Such opportunities do not always occur in correlation with overall market performance trends

 

Yacktman is not limited by geographic constraints and sources investment ideas both within the U.S. and overseas


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About

About Yacktman Asset Management

Background

Yacktman Asset Management is a boutique investment firm located in Austin, Texas. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. The firm strives to achieve solid risk-adjusted returns over time.

Learn More

More Funds From Yacktman Asset Management

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.

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YAFFX

Yacktman Focused 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.

View Fund Details

YASSX

Yacktman Special Opportunities Fund

The Fund seeks long-term capital appreciation through an intrinsic value-oriented investment approach.

View Fund Details

Founded

1992


Headquarters

Austin, TX


Affiliate Since

2012

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