Yacktman Focused Fund - Security Selection Only  (YFSIX)

Fund Overview

Fund Overview

Share Class

I

  • I

Morningstar | Style Box

V B G L M S

NAV | as of 06/14/2019

$13.34
-$0.06 (-0.45%)

Quarterly Performance (%) |
vs. Benchmark as of 03/31/2019

Fund Inception 01/30/2017

YTD 1YR 3YR 5YR 10YR INCEP.
YFSIX 10.72 13.61 - - - 15.53
S&P 500 Index 13.65 9.50 13.51 10.91 15.92 12.83
Russell 1000® Value Index 11.93 5.67 10.45 7.72 14.52 7.09
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.

Expense Ratios

  • Gross Expense Ratio: 1.83%
  • Net Expense Ratio: 1.09%
  • Expense Cap Expiration Date: 05/01/2020

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Objective

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

Why Consider

  • Provides investors exposure to securities which the portfolio managers expect to provide 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
  • Seeks to invest a minimum of 95% of the Fund assets in equity and debt securities selected through a thoughtful value-oriented approach

Performance

Performance

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Returns & Distributions

As of 03/31/2019

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2018 $0.085100 $0.065300 $0.006300 $0.013500
      Dec 27, 2017 $0.309700 $0.215100 $0.094600

Sector Allocation (Equity)

As of: 03/31/2019

Top Holdings (Equity)

As of: 03/31/2019

Samsung Electronics Co Ltd Preferred 14.92%
PepsiCo Inc 8.48%
Procter & Gamble Co 8.29%
Walt Disney Co 4.95%
Bollore SA 4.90%
Johnson & Johnson 4.10%
CB Industrial Product Holding Bhd 4.07%
Oracle Corp 4.00%
Coca-Cola Co 3.38%
Fox Corp 3.15%
% in Top 10 Holdings 60.24%
View Holding Details Read Important Investment Disclosures

Characteristics & Stats

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Investment Approach

Investment Approach

Yacktman Focused Fund-Security Selection Only

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

Under normal circumstances, at least 95% of the Fund’s assets will be invested in securities


Keep Calm and Remain Diversified

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

The Case for International Small-Cap

 
International small-cap stocks are often under-utilized in a portfolio. An allocation may offer investors the potential to generate higher absolute and risk-adjusted returns.
Read Full Perspective

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.

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YACKX

Yacktman 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.

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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


AUM

$14.8B

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