SouthernSun Small Cap Fund  (SSSFX)

Fund Notice

SouthernSun Asset Management, LLC (“SouthernSun”), the subadviser to AMG SouthernSun Small Cap Fund and AMG SouthernSun U.S. Equity Fund (each, a “Fund” and collectively, the “Funds”), has entered into a definitive agreement with Affiliated Managers Group, Inc. (“AMG”) to acquire AMG’s interest in SouthernSun (the “Transaction”). As a result, effective upon the closing of the Transaction (the “Closing”), AMG and AMG Funds LLC (“AMGF”), a subsidiary of AMG and the investment manager to the Funds, will no longer be affiliated with SouthernSun.

At a meeting held on June 24, 2020, the Board of Trustees of the Trust approved, on behalf of each Fund, the continuation of SouthernSun as the subadviser to the Funds and approved a new subadvisory agreement between AMGF and SouthernSun, effective as of the Closing. An Information Statement with respect to the new subadvisory agreement will be mailed to shareholders no more than 90 days after the new subadvisory agreement takes effect.

Fund Overview

Fund Overview

Share Class

N

  • N

NAV | as of 07/02/2020

$19.85
+$0.18 (+0.92%)

Morningstar | Style Box

V B G L M S

Growth of $10,000 (Hypothetical)

Since Inception 10/01/2003 to 05/31/2020 = $36,281.28

  • 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.

Objective

Seeks to provide long-term capital appreciation by investing in small cap companies.

Why Consider

  • May be appropriate for investors looking to gain exposure to domestic small cap securities
  • SouthernSun employs a fundamental, bottom-up investment approach that relies on an investment team of sector generalists with a global perspective
  • The Fund typically invests in 20-40 companies the portfolio manager believes are niche dominant and attractively valued with financial flexibility and uniquely fitted management teams

Documents

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Performance

Performance

Read Important Investment Disclosures

Returns

 

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: 1.25%
  • Net Expense Ratio: 1.25%
  • 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, 2019 $1.279700 $0.011700 $1.268000
      Dec 27, 2018 $0.897700 $0.897700
      Dec 28, 2015 $2.357400 $0.024900 $2.332500
      Dec 26, 2014 $2.138400 $2.138400
      Mar 27, 2014 $2.074710 $0.150960 $1.923750
      Dec 20, 2013 $1.666350 $0.231050 $1.435300
      Dec 20, 2012 $0.884900 $0.104800 $0.178900 $0.601200
      Dec 22, 2011 $1.239400 $0.423200 $0.816200
      Dec 22, 2008 $0.180000 $0.094500 $0.085500
      Dec 19, 2007 $0.970200 $0.089800 $0.880400
      Dec 28, 2006 $0.229900 $0.229900
      Aug 29, 2006 $0.041500 $0.041500
      Dec 29, 2005 $0.130500 $0.072500 $0.045000 $0.013000
      Dec 28, 2004 $0.045000 $0.045000

Risk & Return Stats

As of: 05/31/2020

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 12/31/2019

Darling Ingredients Inc 6.76%
Dycom Industries Inc 5.88%
Brink's Co 5.56%
Timken Co 5.54%
Koppers Holdings Inc 4.96%
Extended Stay America Inc 4.75%
Hill-Rom Holdings Inc 4.69%
Crane Co 4.56%
Belden Inc 4.38%
Clean Harbors Inc 4.37%
% in Top 10 Holdings 51.45%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Equity)

As of: 12/31/2019

Investment Approach

Investment Approach

SouthernSun Small Cap Fund

SouthernSun Asset Management seeks to achieve the Fund’s investment objective by investing primarily in common stocks of smaller-capitalization U.S. companies that SouthernSun selects using a research-driven, value-oriented investment strategy. The Fund defines small-cap securities to include securities of issuers with a market capitalization at the time of purchase within the capitalization range of companies in the Russell 2000® Index during the most recent 12 month period (based on month-end data). This capitalization range will change over time. Under normal market conditions, the Fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) measured at the time of purchase in small-cap securities. The Fund’s portfolio typically invests in 20-40 companies SouthernSun believes are niche dominant and attractively valued with financial flexibility and uniquely fitted management teams. When selecting companies for investment, SouthernSun seeks opportunities that it believes have the following characteristics:

  • Financial Strength: SouthernSun prefers companies that have strong internally generated discretionary cash flow and organic revenue growth
  • Management Capability: SouthernSun prefers management teams with measurable, transparent goals that are held accountable for performance. This applies to all levels of management from the CEO and CFO to less senior management
  • Niche Dominance: SouthernSun prefers companies that it believes exhibit competitive advantages through superior products, process controls and technologies

Keep Calm and Remain Diversified

 
A short- and long-term review of the power of diversification.
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About

About SouthernSun Asset Management

Background

Founded in 1989, SouthernSun Asset Management is a Memphis-based firm that specializes in small and mid cap investing. The firm employs a fundamental, bottom-up, research-intensive investment approach that relies on an investment team of sector generalists with a global perspective.

Learn More

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SSEFX

SouthernSun U.S. Equity Fund

Seeks to provide long term capital appreciation by investing in small to mid cap U.S. companies.

View Fund Details

Founded

1989


Headquarters

Memphis, TN


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