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

Updated: September 10, 2020
14
Bull Case
  • No sales load or distribution fees
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

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

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

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

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

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

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 MCMYX top holdings?

MCMYX 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 MCMYX performance? What are MCMYX historical returns?

MCMYX has generated the following returns:

  • 1-month return is 0.51%;
  • 3-month return is 5.26%;
  • 1-year return is 9.52%;
  • 3-year return is 7.49%;
  • 5-year return is 8.71%;
  • 10-year return is 10.90%;
  • 15-year return is 6.86%.

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

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

5. What is MCMYX dividend yield?

MCMYX yield is 0.55%.

6. What is MCMYX minimum initial investment amount?

MCMYX minimum initial investment amount is $100.00K.

7. What is MCMYX expense ratio?

MCMYX expense ratio is 0.87%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 0.96%;
  • 3-year ax cost ratio is 2.83%.

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

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

11. What is MCMYX Sharpe ratio?

  • 3-year Sharpe ratio is 0.29;
  • 5-year Sharpe ratio is 0.34;
  • 10-year Sharpe ratio is 0.67.

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 14. Our quantitative analysis shows 1 reason to buy and 6 reasons to sell it, resulting in the Finny Score of 14.

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

The following are MCMYX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are MCMYX weaknesses from our perspective:

  • MCMYX net assets are $13.90 million. This fund is not a popular choice with retail investors.
  • MCMYX 3-year return is 7.49%, which is lower than the 3-year return of the benchmark index (Russell Mid Cap Growth TR USD), 16.11%.
  • MCMYX 5-year return is 8.71%, which is lower than the 5-year return of the benchmark index (Russell Mid Cap Growth TR USD), 14.36%.
  • MCMYX 10-year return is 10.9%, which is lower than the 10-year return of the benchmark index (Russell Mid Cap Growth TR USD), 14.83%.
  • MCMYX 15-year return is 6.86%, which is lower than the 15-year return of the benchmark index (Russell Mid Cap Growth TR USD), 10.45%.
  • MCMYX expense ratio is 0.87%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the MCMYX review, we covered MCMYX 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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