Veritas China Fund  (MIMFX)

Fund Notice:

Effective May 21, 2021, the subadvisers of AMG Managers Emerging Opportunities Fund (the "Fund") will change from Next Century Growth Investors LLC, WEDGE Capital Management L.L.P. and RBC Global Asset Management (U.S.) Inc. to Veritas Asset Management LLP ("Veritas"). The appointment of Veritas is pursuant to an interim subadvisory agreement in anticipation of shareholder approval of a definitive subadvisory agreement. Also effective May 21, 2021, the Fund will change its name to AMG Veritas China Fund and make changes to its principal investment strategies and principal risks. For more information regarding these and other changes to the Fund, please see the Fund's prospectus.

This is part of a larger strategic business initiative to move to transition to a fund lineup entirely sub-advised by AMG Affiliates, we believe clients will benefit from a streamlined platform wholly focused on AMG Affiliates’ high-conviction investment offerings, including fee reductions, subject to shareholder approval,  across all the strategies involved in the transition. Please see this Fund’s prospectus for further details on the fee reduction.

Fund Overview

Fund Overview

Share Class

I

  • I

NAV | as of 06/18/2021

$28.32
+$0.13 (+0.46%)

Morningstar | Style Box

V B G L M S

Morningstar Analyst Rating

as of 4/15/2021

Download Analyst Rating Report

Growth of $10,000 (Hypothetical)

Since Inception 10/01/2011 to 05/31/2021 = $48,941.00

  • 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. 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 provide long-term capital appreciation

Why Consider

  • The Fund may be appropriate for investors looking to gain exposure to companies in Greater China
  • Invests in a focused portfolio of Chinese companies identified through a combination of top-down thematic drivers and bottom-up fundamental research
  • Real return approach focused on protecting and growing capital
Ezra Sun

Ezra Sun

Fund Manager and Head of Asia

See Our Approach Read Bio

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. 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: 1.02%
  • Net Expense Ratio: 0.95%
  • Expense Cap Expiration Date: 03/01/2023

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      May 27, 2021 $26.454300 $8.934100 $17.520200
      Dec 16, 2020 $2.211200 $0.110100 $2.101100
      Dec 16, 2019 $3.685500 $3.685500
      Dec 27, 2018 $8.653300 $1.436100 $7.217200
      Dec 27, 2017 $5.711400 $1.231000 $4.480400
      Dec 27, 2016 $0.146000 $0.146000
      Dec 28, 2015 $4.596500 $0.044800 $0.780700 $3.771000
      Dec 26, 2014 $5.339300 $0.804500 $4.534800
      Dec 26, 2013 $6.820500 $3.237100 $3.583400
      Dec 26, 2012 $3.029000 $0.174200 $2.854800
      Dec 27, 2011 $2.659400 $2.659400

Risk & Return Stats

As of: 05/31/2021

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 03/31/2021

Ducommun Inc* 2.06%
Columbus McKinnon Corp 1.75%
Patrick Industries Inc 1.74%
Compass Diversified Holdings 1.69%
SurModics Inc* 1.36%
InfuSystem Holdings Inc* 1.35%
Malibu Boats Inc, Class A 1.32%
Vericel Corp 1.16%
Universal Electronics Inc 1.11%
Joint Corp 1.07%
% in Top 10 Holdings 14.61%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Equity)

As of: 03/31/2021

Investment Approach

Investment Approach

Veritas China Fund

Veritas combines top-down analysis, focused on identifying long term themes and trends, with bottom-up fundamental company research that seeks to identify companies within those identified themes and trends that it believes have sound business models, strong management and disciplined financial controls. Veritas seeks to focus on quality companies in sectors that the Subadviser believes show long term structural growth potential with emphasis on industry leaders or emerging leaders with durable competitiveness.


Veritas Asia Pacific Fund and China Fund Introduction

 
An introduction to Veritas Asset Management, the AMG Veritas Asia Pacific Fund, and the AMG Veritas China Fund
Read More

About

About Veritas Asset Management

Background

Founded in 2003, Veritas Asset Management is a leading Global and Asian equities manager. The firm manages both funds and segregated portfolios for institutional and retail investors globally. The focus is on identifying good quality, sustainable businesses and remaining patient to buy into these companies at the right entry point in order to achieve long term real returns.

Learn More

More Funds From Veritas Asset Management

MSEIX

Veritas Asia Pacific Fund

By focusing on long term real returns, the fund aims to deliver capital appreciation and to outperform the MSCI Asia ex Japan index.

View Fund Details

MFQAX

Veritas Global Focus Fund

The Fund seeks to provide long-term capital appreciation.

View Fund Details

BLUEX

Veritas Global Real Return Fund

The Fund seeks to provide real returns over the medium and longer term.

View Fund Details

Founded

2003


Headquarters

London, England


Affiliate Since

2014

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