Finny logo
Finny logo
Dibs:
Dibs:
0

7-day free trial: Get unlimited comparisons, and stock, ETF and mutual fund analyses for just $14.95 a month, without ads. Start a free trial. Go ad free!

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

Updated: September 19, 2020
57
Bull Case
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • High expense ratio

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

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

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

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

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

The Fund seeks long-term growth of capital by investing primarily in common stocks of companies that have improving fundamentals and whose stock is reasonably valued by the market. Stocks are selected from a universe of stocks with market capitalization of less than $100 million.

2. What are MECIX top holdings?

MECIX has 98 stock holdings and 0 bond holdings.

The top 10 holdings represent 14.92% of total assets. Here are the top holdings:

Name Symbol % Assets
American Software Inc Class A AMSWA 1.70%
Castle Biosciences Inc CSTL 1.63%
Spartan Motors N/A 1.52%
Champions Oncology Inc CSBR 1.50%
Fulgent Genetics Inc FLGT 1.48%
BioSpecifics Technologies Corp BSTC 1.44%
Turtle Beach Corp HEAR 1.44%
Air Transport Services Group Inc ATSG 1.41%
Coherus BioSciences Inc CHRS 1.41%
Mesa Laboratories Inc MLAB 1.39%

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

MECIX has generated the following returns:

  • 1-month return is -3.69%;
  • 3-month return is -0.06%;
  • 1-year return is -7.32%;
  • 3-year return is -1.68%;
  • 5-year return is 6.00%;
  • 10-year return is 12.38%;
  • 15-year return is 7.34%.

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

In the last 10 years, MECIX had 9 up years and 1 down year. See Performances

5. What is MECIX dividend yield?

MECIX yield is 0%.

6. What is MECIX minimum initial investment amount?

MECIX minimum initial investment amount is N/A.

7. What is MECIX expense ratio?

MECIX expense ratio is 0.99%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

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

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

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

  • 1-year ax cost ratio is 0%;
  • 3-year ax cost ratio is 0.73%.

See Taxes

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

  • 3-year beta is 1.17;
  • 5-year beta is 1.16;
  • 10-year beta is 1.24.

See Risks

11. What is MECIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.02;
  • 5-year Sharpe ratio is 0.29;
  • 10-year Sharpe ratio is 0.70.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 57. Our quantitative analysis shows 4 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 57.

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

The following are MECIX strengths from our perspective:

  • <strong>MECIX 5-year return</strong> is 6%, which is higher than the 5-year return of the benchmark index (Russell Micro Cap Growth TR USD), 5.94%.
  • <strong>MECIX 10-year return</strong> is 12.38%, which is higher than the 10-year return of the benchmark index (Russell Micro Cap Growth TR USD), 11.19%.
  • <strong>MECIX 15-year return</strong> is 7.34%, which is higher than the 15-year return of the benchmark index (Russell Micro Cap Growth TR USD), 6.26%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are MECIX weaknesses from our perspective:

  • <strong>MECIX net assets</strong> are $87.20 million. This fund is not a popular choice with retail investors.
  • <strong>MECIX 3-year return</strong> is -1.68%, which is lower than the 3-year return of the benchmark index (Russell Micro Cap Growth TR USD), 5.86%.
  • <strong>MECIX expense ratio</strong> is 0.99%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the MECIX review, we covered MECIX 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.
Follow Us