Yacktman Global Fund  (YFSNX)

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

N

  • N

NAV | as of 10/27/2021

$17.75
-$0.15 (-0.84%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating


Rated against 1257 Large Blend funds as of 09/30/2021

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 01/30/2017 to 09/30/2021 = $19,647.67

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

Effective July 1, 2021, the Fund's primary benchmark changed and the secondary benchmark was removed. The MSCI World Index became the benchmark; previously the Russell 1000® Value Index was the primary benchmark and the S&P 500® was the secondary benchmark. The MCSI World Index is provided for illustrative purposes only, is unmanaged, reflect reinvestment of income and dividends and does not reflect the impact of advisory fees.

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

Documents

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Stephen A. Yacktman

Stephen A. Yacktman

Partner and Chief Investment Officer

See Our Approach Read Bio
Jason S. Subotky

Jason S. Subotky

Partner

See Our Approach Read Bio
Adam P. Sues

Adam P. Sues

Portfolio Manager

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

Returns

 

Effective July 1, 2021, the Fund's primary benchmark changed and the secondary benchmark was removed. The MSCI World Index became the benchmark; previously the Russell 1000® Value Index was the primary benchmark and the S&P 500® was the secondary benchmark. The MCSI World Index is provided for illustrative purposes only, is unmanaged, reflect reinvestment of income and dividends and does not reflect the impact of advisory fees.

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: 1.10%
  • Net Expense Ratio: 1.04%
  • 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 $0.738800 $0.227900 $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: 09/30/2021

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 09/30/2021

Bollore SA 9.95%
Samsung Electronics Co Ltd Preferred 8.79%
HI-LEX Corp 5.89%
KT&G Corp 4.12%
Cie de L'Odet SE 3.77%
Canadian Natural Resources Ltd 3.74%
Ocean Wilsons Holdings Ltd 3.18%
Fox Corp, Class B 2.91%
Trecora Resources 2.56%
PepsiCo Inc 2.36%
% in Top 10 Holdings 47.27%
View Holding Details Read Important Investment Disclosures

Regional Allocation

As of: 09/30/2021

Investment Approach

Investment Approach

Yacktman Global Fund

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


Keep Calm and Remain Diversified

 
A short- and long-term review of the power of diversification.
Read Full Perspective

A World of Opportunity: Surveying the Global Equity Investing Landscape

 
The vast size of the global investment universe offers diversification possibilities in both non-U.S. developed, emerging, and frontier markets equities. While it is impossible to predict next year’s out-performers, investors who diversify globally may be well positioned to achieve their long-term goals.
Read More

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

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YAFFX

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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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