Yacktman Fund  (YACKX)

I

Fund Overview

Fund Overview

Share Class

I

NAV | as of 10/27/2021

$25.00
-$0.18 (-0.71%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating


Rated against 1144 Large Value funds as of 09/30/2021

View Morningstar Details

Morningstar Analyst Rating

as of 11/4/2020

Download Analyst Rating Report

Growth of $10,000 (Hypothetical)

Since Inception 07/06/1992 to 09/30/2021 = $200,306.89

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

Effective June 30, 2020, the Yacktman Fund's primary and secondary benchmarks were changed to the Russell 1000 Value Index becoming the primary benchmark and S&P 500 Index the secondary benchmark from the S&P 500 Index as the primary benchmark and the Russell 1000 Value Index as the secondary benchmark previously. The Russell 1000 Value 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. 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.

Objective

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

Why Consider

  • Provides investors exposure to a diversified fund seeking to achieve 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
  • Investors who seek a manager who focuses on risk and returns will appreciate this active and thoughtful value-oriented approach

Documents

View All Documents
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 June 30, 2020, the Yacktman Fund's primary and secondary benchmarks were changed to the Russell 1000 Value Index becoming the primary benchmark and S&P 500 Index the secondary benchmark from the S&P 500 Index as the primary benchmark and the Russell 1000 Value Index as the secondary benchmark previously. The Russell 1000 Value 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. 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: 0.74%
  • Net Expense Ratio: 0.74%
  • Expense Cap Expiration Date: N/A

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 16, 2020 $2.299800 $0.282400 $2.017400
      Dec 16, 2019 $1.907600 $0.365700 $1.541900
      Dec 27, 2018 $4.393500 $0.435100 $3.958400
      Dec 27, 2017 $2.438400 $0.339300 $0.123300 $1.975800
      Dec 27, 2016 $1.832100 $0.405900 $0.011100 $1.415100
      Dec 28, 2015 $2.850900 $0.340500 $0.033300 $2.477100
      Dec 26, 2014 $1.103100 $0.266600 $0.013500 $0.823000
      Dec 26, 2013 $0.879600 $0.210900 $0.124300 $0.544400
      Dec 26, 2012 $0.152500 $0.141400 $0.011100
      Jun 27, 2012 $0.233031 $0.110221 $0.000010 $0.122800
      Dec 29, 2011 $0.238422 $0.183662 $0.007310 $0.047450
      Dec 30, 2010 $0.603623 $0.152483 $0.016670 $0.434470
      Dec 30, 2009 $0.203323 $0.104753 $0.098570
      Dec 30, 2008 $0.216515 $0.177275 $0.039240
      Dec 27, 2007 $2.958892 $0.343432 $0.045260 $2.570200
      Dec 28, 2006 $1.224320 $0.297360 $0.017900 $0.909060
      Dec 29, 2005 $0.471990 $0.281340 $0.035200 $0.155450
      Dec 30, 2004 $1.415770 $0.115130 $0.226660 $1.073980
      Dec 30, 2003 $1.161120 $0.175130 $0.216810 $0.769180
      Dec 30, 2002 $0.102400 $0.102400
      Dec 28, 2001 $0.548320 $0.052810 $0.050360 $0.445150
      Dec 29, 2000 $0.850850 $0.850850
      Mar 31, 2000 $0.020000 $0.020000
      Dec 31, 1999 $0.185750 $0.185750
      Sep 30, 1999 $0.020000 $0.020000
      Jun 30, 1999 $0.030000 $0.030000
      Mar 31, 1999 $0.020000 $0.020000
      Dec 31, 1998 $2.379880 $2.379880
      Sep 30, 1998 $0.020000 $0.020000
      Jun 30, 1998 $0.030000 $0.030000
      Mar 31, 1998 $0.080000 $0.080000
      Dec 31, 1997 $1.544040 $1.544040
      Sep 30, 1997 $0.060000 $0.060000
      Jun 30, 1997 $0.070000 $0.070000
      Mar 31, 1997 $0.050000 $0.050000
      Dec 31, 1996 $1.718540 $1.718540
      Sep 30, 1996 $0.070000 $0.070000
      Jun 28, 1996 $0.050000 $0.050000
      Mar 29, 1996 $0.050000 $0.050000
      Dec 29, 1995 $0.825960 $0.825960
      Sep 29, 1995 $0.060000 $0.060000
      Jun 30, 1995 $0.050000 $0.050000
      Mar 31, 1995 $0.060000 $0.060000
      Dec 30, 1994 $0.186040 $0.186040
      Sep 30, 1994 $0.045000 $0.045000
      Jun 30, 1994 $0.052000 $0.052000
      Mar 31, 1994 $0.056000 $0.056000
      Dec 31, 1993 $0.039000 $0.039000
      Sep 30, 1993 $0.037000 $0.037000
      Jun 30, 1993 $0.024000 $0.024000
      Mar 31, 1993 $0.044000 $0.044000
      Dec 31, 1992 $0.056500 $0.056500
      Sep 30, 1992 $0.024300 $0.024300

Risk & Return Stats

As of: 09/30/2021

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 09/30/2021

Samsung Electronics Co Ltd Preferred 6.93%
Bollore SA 6.17%
Alphabet Inc, Class C 3.67%
Canadian Natural Resources Ltd 3.66%
Brenntag SE 3.58%
PepsiCo Inc 3.14%
Microsoft Corp 2.79%
Sysco Corp 2.59%
Cognizant Technology Solutions Corp, Class A 2.52%
News Corp, Class A 2.30%
% in Top 10 Holdings 37.35%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Equity)

As of: 09/30/2021

Investment Approach

Investment Approach

AMG Yacktman 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

     

Additional Fund Highlight

May establish a cash position if the subadvisor does not believe opportunities exist for purchasing securities of companies that meet its investment requirements.


Yacktman Quarterly Update

 
During this presentation, the Yacktman Asset Management team discussed quarterly updates to the AMG Yacktman Fund (YACKX) and the AMG Yacktman Focused Fund (YAFFX, YAFIX).
Read More

An Investment Built For Full Market Cycles

 
Market cycles are usually defined in hindsight, after they've occurred or once the next cycle begins. Few investors can clearly articulate the current market cycle of where the market is and where it's going. But managers who can lead through full market cycles over and over again with consistency have a greater likelihood of helping investors achieve their long term goals.
Read Full Perspective More About Yacktman Asset Management

21st Century Champions

 
Look for managers who have gotten it right, time after time; Mutual Fund Observer highlights Yacktman’s active approach amid longer term uncertainty in the markets in their article entitled 21st Century Champions
Read Full Perspective More About Yacktman Asset Management

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

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

YFSIX

Yacktman Global Fund

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

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

Funds to Consider

GWMIX

GW&K Municipal Bond Fund

The Fund seeks to provide current income, exempt from federal income tax, and capital preservation by primarily investing in a portfolio of high-quality municipal bonds.


Overall Morningstar Rating

Rated against 263 Muni National Interm funds as of 09/30/2021
★★★

View Morningstar Details

GWMIX
Bloomberg 10-Year Municipal Bond Index

Quarterly performance (%) data as of 09/30/2021

Fund Detail Read Important Investment Disclosures

TYWVX

GW&K Emerging Wealth Equity Fund

Seeks to provide long-term capital appreciation by investing in emerging market companies and developed market companies that have emerging markets revenue exposure.


Overall Morningstar Rating

Rated against 708 Diversified Emerging Mkts funds as of 09/30/2021
★★

View Morningstar Details

TYWVX
MSCI Emerging Markets Index

Quarterly performance (%) data as of 09/30/2021

Fund Detail Read Important Investment Disclosures

HLMNX

Harding Loevner International Equity Portfolio

The Portfolio seeks long-term capital appreciation through investments in equity securities of companies based outside the United States.


Overall Morningstar Rating

Rated against 383 Foreign Large Growth funds as of 09/30/2021
★★★

View Morningstar Details

HLMNX
MSCI ACWI ex USA Index

Quarterly performance (%) data as of 09/30/2021

Fund Detail Read Important Investment Disclosures

Discover how the boutique advantage helps generate alpha.

Learn More About AMG
  Back To Top