Pictet International Fund  (APCTX)

Fund Overview

Fund Overview

Share Class

I

Morningstar | Style Box

V B G L M S

NAV | as of 07/18/2018

$11.20
+$0.01 (+0.09%)

Overall Morningstar Rating



Rated against 623 Foreign Large Blend funds as of 06/30/2018

View Morningstar Details

Quarterly Performance (%) |
vs. Benchmark as of 06/30/2018

Fund Inception 04/14/2014

YTD 1YR 3YR 5YR 10YR INCEP.
APCTX -1.94 5.62 7.47 - - 4.95
MSCI EAFE Index -2.75 6.84 4.90 6.44 2.84 3.65
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 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. Performance Data shown does not reflect the 2.00% redemption fee imposed on the shares held 90 days or less; otherwise, total returns would be reduced.

Expense Ratios

  • Gross Expense Ratio: 1.00%
  • Net Expense Ratio: 1.00%
  • Expense Cap Expiration Date: N/A

Read Important Investment Disclosures

Objective

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

Why Consider

The Fund may be appropriate for your overall investment allocation if you are looking for opportunistic all-cap exposure to non-U.S. companies primarily located in developed markets.

  • Pictet seeks to balance conviction and risk to set portfolio active weight
  • Pictet employs discipline at every step of the investment process informed by a challenge and a "multiple eyes" approach to research

Fund Managers

Fabio Paolini, CFA

Head of EAFE Equities

Read Full Bio

Swee-Kheng Lee, Ph.D.

Senior Investment Manager

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Benjamin Beneche, CFA

Senior Investment Manager

Read Full Bio

Performance

Performance

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Returns & Distributions

As of 06/30/2018

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2017 $0.494200 $0.166900 $0.146700 $0.180600
      Dec 27, 2016 $0.341500 $0.136400 $0.200600 $0.004500
      Dec 30, 2015 $0.107700 $0.042900 $0.064800
      Dec 30, 2014 $0.075200 $0.050600 $0.024600

Growth of $10,000 (Hypothetical)

Since Inception 04/14/2014 to 06/30/2018 = $12,254.94

  • 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. Performance Data shown does not reflect the 2.00% redemption fee imposed on the shares held 90 days or less; otherwise, total returns would be reduced.

Top Holdings (Equity)

As of: 06/30/2018

Anheuser-Busch InBev SA 3.42%
JD.com Inc ADR 3.35%
Japan Tobacco Inc 3.14%
Safran SA 3.10%
Royal Dutch Shell PLC, Class B 3.09%
LivaNova PLC 3.01%
GlaxoSmithKline PLC 2.64%
Informa PLC 2.62%
Inmarsat PLC 2.44%
ASML Holding NV 2.41%
% in Top 10 Holdings 29.22%
View Holding Details Read Important Investment Disclosures

MPT Stats

As of: 06/30/2018

View All Characteristics & Stats

Regional Allocation

As of: 06/30/2018

Investment Approach

Investment Approach

Pictet International Fund

Pictet believes growing companies that create value and trade at a discount to their intrinsic value will generate superior long-term investment returns.

The Fund invests primarily in non-U.S. common stocks with an emphasis on companies whose principal activities are located in countries represented by the MSCI EAFE Index. Utilizing a bottom-up fundamental process that focuses on future growth in cash generation and return on capital, the Fund may invest in companies of all sizes, including small and mid cap companies. Considered a GARP (Growth At a Reasonable Price) strategy, the Fund’s weightings reflect where the Fund's investment team has gone to seek the best companies in its universe.

Perspective | Feb 7, 2018

MarketWatch: Five-Star Fund Managers Find 'Idiosyncratic' Companies to Beat International Benchmark

The AMG Managers Pictet International Fund typically doesn’t follow its rivals into high-flying stocks, opting instead for deep research to uncover what often turn out to be "idiosyncratic" companies.
Read More
Perspective | Sep 17, 2017

Barron’s Profile: Patience Pays Off for This Overseas Fund

AMG Managers Pictet International, co-managed by Fabio Paolini, has beaten its rivals by ignoring short-term issues in favor of long-term prospects.
Read More

AMG Managers Pictet International Fund: Overview

Portfolio managers Fabio Paolini and Benjamin Beneche discuss Pictet's absolute return, value-oriented approach to international investing.
Watch Video More About Pictet Asset Management

About

About Pictet Asset Management

Background

Pictet Asset Management believes in disciplined active management through bottom-up stock selection and seeks to identify stocks trading at a discount to its calculation of intrinsic value.

Learn More

Founded

1805


Headquarters

Geneva, Switzerland


AUM

$199.6B

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