Yacktman Special Opportunities Fund  (YASSX)

Fund Overview

Fund Overview

Share Class

I

  • I

NAV | as of 12/02/2020

$10.69
+$0.07 (+0.66%)

Morningstar | Style Box

V B G L M S

Growth of $10,000 (Hypothetical)

Since Inception 06/30/2015 to 10/31/2020 = $12,564.73

  • 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 long-term capital appreciation through an intrinsic value-oriented investment approach.

Why Consider

  • Provides investors exposure to a portfolio of high conviction investments with the top 10 holdings representing more than 30% of the Fund's portfolio
  • Maintains a long-term investment horizon and is agnostic to index constituents and sector weights
  • Employs an absolute value approach which includes a fundamental, bottom-up security selection process focused on identifying securities with a meaningful discount to intrinsic value
Adam P. Sues

Adam P. Sues

Portfolio Manager

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: 1.45%
  • Net Expense Ratio: 1.29%
  • Expense Cap Expiration Date: 05/01/2021

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 16, 2019 $0.749700 $0.206500 $0.085500 $0.457700
      Dec 27, 2018 $0.960900 $0.114000 $0.173000 $0.673900
      Dec 27, 2017 $0.579200 $0.139000 $0.115900 $0.324300
      Dec 27, 2016 $0.305200 $0.305200
      Dec 28, 2015 $0.355300 $0.225500 $0.129800

Risk & Return Stats

As of: 10/31/2020

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 09/30/2020

Colabor Group Inc Fixed 6.00% Oct 2021 6.65%
Omni Bridgeway Ltd 6.23%
B&S Group Sarl 144A 5.80%
Naked Wines PLC 5.67%
Total Energy Services Inc 5.05%
Trecora Resources 4.11%
Ocean Wilsons Holdings Ltd 3.91%
Italian Wine Brands SpA 3.81%
Sam Yung Trading Co Ltd 3.72%
Texhong Textile Group Ltd 3.32%
% in Top 10 Holdings 48.27%
View Holding Details Read Important Investment Disclosures

Regional Allocation

As of: 09/30/2020

Investment Approach

Investment Approach

AMG Yacktman Special Opportunities Fund

The Fund seeks to benefit from a flexible investment mandate resulting in a broad opportunity set for generating new ideas. The unconstrained, global investment universe includes all market capitalizations. The investment process focuses on:

  • Absolute value, investing in undervalued businesses based on intrinsic value rather than relative
    value versus a benchmark or peer group
  • Bottom-up, fundamental stock research and business analysis
  • Thorough examination of company history over long periods
  • Estimation of normalized earnings and business quality
  • High conviction ideas resulting in a concentrated portfolio
  • Long-term time horizon with an investment goal of achieving attractive risk-adjusted returns
    over a full business cycle

 

Additional Fund Highlight

Maintains a long-term investment horizon and is agnostic to index constituents and sector weights


A World of Opportunity: Surveying the Global Equity Investing Landscape

 
The vast size of the global investment universe offers diversification possibilities in both non-U.S. developed, emerging, and frontier markets equities. While it is impossible to predict next year’s out-performers, investors who diversify globally may be well positioned to achieve their long-term goals.
Read Full Perspective

Keep Calm and Remain Diversified

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

Yacktman Funds Quarterly Update

During this presentation, the Yacktman Asset Management team discussed quarterly updates to the AMG Yacktman Fund (YACKX) and the AMG Yacktman Focused Fund (YAFFX, YAFIX).
Watch Replay

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.

View Fund Details

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.

View Fund Details

YFSIX

Yacktman Focused Fund - Security Selection Only

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

View Fund Details

Founded

1992


Headquarters

Austin, TX


Affiliate Since

2012

Funds to Consider

GWMIX

GW&K Municipal Bond Fund

The Fund seeks to provide current income, exempt from federal income tax, and capital preservation by primarily investing in a portfolio of high-quality municipal bonds.


Overall Morningstar Rating

Rated against 242 Muni National Interm funds as of 10/31/2020
★★★

GWMIX
Bloomberg Barclays 10-Year Municipal Bond Index

Quarterly performance (%) data as of 09/30/2020

Fund Detail Read Important Investment Disclosures

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.


Overall Morningstar Rating

Rated against 1124 Large Value funds as of 10/31/2020
★★★★★

YACKX
Russell 1000® Value Index
S&P 500® Index

Quarterly performance (%) data as of 09/30/2020

Fund Detail Read Important Investment Disclosures

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