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15 important things you should know about AMG Funds MCMAX mutual fund

Updated: September 10, 2020
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • 15-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for MCMAX “stock” price, you can quickly find it out by visiting Finny and typing "MCMAX quote". If you’re looking for a quick scoop on MCMAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "MCMAX". You’ll get all this info in one place.

Are you looking to buy or sell MCMAX? Or perhaps you’re looking for MCMAX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this MCMAX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: MCMAX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: MCMAX buy or sell; the pros and cons of investing in MCMAX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to MCMAX.

And here is the list of questions we’ll answer:

  1. Describe AMG Funds III: AMG Managers Cadence Mid Cap Fund; Class N Shares (MCMAX).
  2. What are MCMAX holdings?
  3. What is MCMAX performance? What are MCMAX historical returns?
  4. How many up and down years did MCMAX have historically?
  5. What is MCMAX dividend yield?
  6. What is MCMAX minimum initial investment amount?
  7. What is MCMAX expense ratio?
  8. Does MCMAX have any sales loads or 12b-1 distribution expenses?
  9. What is MCMAX tax efficiency (tax-cost ratio)?
  10. What is MCMAX beta? How would you assess MCMAX risk?
  11. What is MCMAX Sharpe ratio?
  12. What is MCMAX Finny Score? MCMAX buy or sell?
  13. What are the pros of investing in MCMAX? What are MCMAX buy reasons?
  14. What are the cons of investing in MCMAX? What are MCMAX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe AMG Funds III: AMG Managers Cadence Mid Cap Fund; Class N Shares (MCMAX).

The Fund seeks growth of capital. The Fund normally invests at least 80% of its net assets in common stocks of companies with medium market capitalizations. The Fund currently defines medium market capitalization companies as those with market capitalizations within the range of the Russell Midcap Index.

2. What are MCMAX top holdings?

MCMAX has 88 stock holdings and 0 bond holdings.

The top 10 holdings represent 18.32% of total assets. Here are the top holdings:

Name Symbol % Assets
Cadence Design Systems Inc CDNS 2.26%
Horizon Therapeutics PLC HZNP 2.12%
Fortinet Inc FTNT 2.10%
Veeva Systems Inc Class A VEEV 1.87%
Broadridge Financial Solutions Inc BR 1.79%
KLA Corp KLAC 1.73%
Teradyne Inc TER 1.71%
Entegris Inc ENTG 1.61%
Charles River Laboratories International Inc CRL 1.57%
Citrix Systems Inc CTXS 1.56%

3. What is MCMAX performance? What are MCMAX historical returns?

MCMAX has generated the following returns:

  • 1-month return is 0.49%;
  • 3-month return is 5.21%;
  • 1-year return is 9.31%;
  • 3-year return is 7.27%;
  • 5-year return is 8.51%;
  • 10-year return is 10.71%;
  • 15-year return is 6.68%.

4. How many up and down years did MCMAX have historically?

In the last 10 years, MCMAX had 7 up years and 3 down years.

5. What is MCMAX dividend yield?

MCMAX yield is 0.38%.

6. What is MCMAX minimum initial investment amount?

MCMAX minimum initial investment amount is $3.00K.

7. What is MCMAX expense ratio?

MCMAX expense ratio is 1.07%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does MCMAX have any sales loads or 12b-1 distribution expenses?

MCMAX 12b-1 distribution fee is 0.25. MCMAX front-end sales load is 0. MCMAX back-end sales load is 0.

9. What is MCMAX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.92%;
  • 3-year ax cost ratio is 2.86%.

10. What is MCMAX beta? How would you assess MCMAX risk?

  • 3-year beta is 1.22;
  • 5-year beta is 1.15;
  • 10-year beta is 1.17.

11. What is MCMAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.28;
  • 5-year Sharpe ratio is 0.33;
  • 10-year Sharpe ratio is 0.66.

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 7 reasons to sell it, resulting in the Finny Score of 0.

13. What are the pros of investing in MCMAX? What are MCMAX buy reasons?

We don't see any strong reasons to buy MCMAX.

14. What are the cons of investing in MCMAX? What are MCMAX negatives?

The following are MCMAX weaknesses from our perspective:

  • MCMAX net assets are $64.90 million. This fund is not a popular choice with retail investors.
  • MCMAX 3-year return is 7.27%, which is lower than the 3-year return of the benchmark index (Russell Mid Cap Growth TR USD), 16.11%.
  • MCMAX 5-year return is 8.51%, which is lower than the 5-year return of the benchmark index (Russell Mid Cap Growth TR USD), 14.36%.
  • MCMAX 10-year return is 10.71%, which is lower than the 10-year return of the benchmark index (Russell Mid Cap Growth TR USD), 14.83%.
  • MCMAX 15-year return is 6.68%, which is lower than the 15-year return of the benchmark index (Russell Mid Cap Growth TR USD), 10.45%.
  • MCMAX expense ratio is 1.07%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
In the MCMAX review, we covered MCMAX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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