FQ Tax-Managed U.S. Equity Fund  (MFQTX)

Fund Overview

Fund Overview

Share Class

I

  • I

Morningstar | Style Box

V B G L M S

NAV | as of 12/12/2018

$30.65
+$0.18 (+0.59%)

Overall Morningstar Rating



Rated against 1218 Large Blend funds as of 10/31/2018

View Morningstar Details

Quarterly Performance (%) |
vs. Benchmark as of 09/30/2018

Fund Inception 12/18/2000

MFQTX YTD 1YR 3YR 5YR 10YR INCEP.
Returns before taxes on distributions 14.73 20.15 14.94 13.13 11.54 7.81
Returns after taxes on distributions 14.73 20.02 14.74 12.98 11.40 7.69
Returns after taxes on distributions & sale of shares 8.72 12.01 11.69 10.50 9.59 6.59
Russell 3000® Index 10.57 17.58 17.07 13.46 12.01 6.98
View Monthly & Quarterly Performance Details

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 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.

Expense Ratios

  • Gross Expense Ratio: 1.02%
  • Net Expense Ratio: 0.89%
  • Expense Cap Expiration Date: 03/01/2019

Read Important Investment Disclosures

Objective

The Fund seeks to achieve long-term after-tax returns by gaining exposure to U.S. stocks.

Why Consider

  • Provides investors exposure to a portfolio of securities that broadly reflect the characteristics of the Russell 3000® Index in terms of industry, earnings growth, valuation and other similar factors
  • Strives to minimize taxable distributions to shareholders by employing a variety of tax-sensitive investment techniques
  • Investment approach based on belief that significant and recurring fundamental market inefficiencies and behavioral biases can be exploited
Jia Ye, Ph.D.

Jia Ye, Ph.D.

Partner, Investments

See Our Approach Read Bio
David Chrisman, Ph.D., CFA

David Chrisman, Ph.D., CFA

Director, Investments

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

Returns & Distributions

As of 09/30/2018

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2017 $0.141900 $0.102200 $0.039700
      Dec 27, 2016 $0.306200 $0.306200
      Dec 28, 2015 $0.134000 $0.134000
      Dec 26, 2014 $0.090800 $0.090800
      Dec 26, 2013 $0.064800 $0.064800
      Dec 26, 2012 $0.146200 $0.146200
      Dec 27, 2011 $0.013700 $0.013700
      Dec 28, 2010 $0.055100 $0.055100
      Dec 28, 2009 $0.033000 $0.033000
      Dec 26, 2008 $0.152600 $0.152600
      Dec 26, 2007 $0.073500 $0.073500
      Jul 26, 2007 $0.010300 $0.010300
      Dec 27, 2005 $0.023000 $0.023000
      Dec 28, 2004 $0.102000 $0.102000
      Jul 28, 2003 $0.040000 $0.040000
      Dec 26, 2002 $0.065000 $0.065000

Growth of $10,000 (Hypothetical)

Since Inception 12/18/2000 to 11/30/2018 = $35,175.99

  • 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)

As of: 09/30/2018

Microsoft Corp 3.95%
Apple Inc 3.74%
Visa Inc, Class A 3.16%
MasterCard Inc, Class A 2.97%
Berkshire Hathaway Inc, Class B 2.77%
UnitedHealth Group Inc 2.74%
Amazon.com Inc 2.73%
Medifast Inc 2.08%
Crocs Inc 2.01%
Centene Corp 1.99%
% in Top 10 Holdings 28.14%
View Holding Details Read Important Investment Disclosures

MPT Stats

As of: 11/30/2018

View All Characteristics & Stats

Sector Allocation (Equity)

As of: 09/30/2018

Investment Approach

Investment Approach

FQ Tax-Managed U.S. Equity Fund

The Fund strives to minimize taxable distributions to shareholders. First Quadrant may apply a variety of tax-sensitive investment techniques including:

  • Investing in stocks that pay below-average dividends
  • Employing a buy-and-hold strategy designed to avoid realizing short-term capital gains and defer the realization of long-term capital gains as long as possible
  • Realizing losses on specific securities or specific tax lots of securities to offset realized gains

Additional Fund Highlight

Experienced boutique manager known for its systematic, theory based investment processes

Keep Calm and Remain Diversified

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

AMG Funds: Providing Access to the World's Leading Network of Boutique Investment Firms

Joseph Maccone, Head of Sales, describes how AMG Funds partners with best-in-class boutique asset managers to offer a broad array of active, alpha-generating solutions across equities, fixed income, and alternatives.
Watch Video

About

About First Quadrant

Background

First Quadrant (FQ) is an innovative investment management boutique recognized for excellence in dynamic asset allocation and equity strategies. FQ employs a systematic, theory-based investment process and serves a global, primarily institutional client base.

Learn More

More Funds From First Quadrant

MMAFX

FQ Global Risk-Balanced Fund

The Fund seeks to maximize total return by investing in a diversified, risk-balanced global market portfolio with exposure to global equities, sovereign debt, inflation-protected securities and commodities.

View Fund Details

MEQFX

FQ Long-Short Equity Fund

The Fund seeks long-term capital appreciation by gaining long and short exposure to stocks of U.S. companies.

View Fund Details

Founded

1988


Headquarters

Pasadena, CA


Affiliate Since

1996


AUM

$24B

Funds to Consider

MGFIX

Loomis Sayles Bond Fund

Seeks a high level of current income by investing in a flexible portfolio of fixed income securities.


Overall Morningstar Rating

Rated against 887 Intermediate-Term Bond funds as of 10/31/2018
★★★★★

MGFIX
Bloomberg Barclays U.S. Government/Credit Bond Index

Quarterly performance (%) data as of 09/30/2018

Fund Detail Read Important Investment Disclosures

GWMNX

GW&K Municipal Enhanced Yield Fund

The Fund seeks to provide a high level of current income that is exempt from federal income taxes by primarily investing in municipal bonds.


Overall Morningstar Rating

Rated against 155 High Yield Muni funds as of 10/31/2018
★★

GWMNX
Bloomberg Barclays U.S. Municipal Bond BAA Index

Quarterly performance (%) data as of 09/30/2018

Fund Detail Read Important Investment Disclosures

APINX

Pictet International Fund

The Fund seeks to provide long-term capital appreciation by investing in non-U.S. companies.


Overall Morningstar Rating

Rated against 642 Foreign Large Blend funds as of 10/31/2018
★★★

APINX
MSCI EAFE Index

Quarterly performance (%) data as of 09/30/2018

Fund Detail Read Important Investment Disclosures

Discover how AMG Funds brings more than 100 products from over 30 independent boutiques together under one flag.

Learn More About AMG Funds
  Back To Top