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15 important things you should know about AMG Funds MEQFX 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 MEQFX “stock” price, you can quickly find it out by visiting Finny and typing "MEQFX quote". If you’re looking for a quick scoop on MEQFX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "MEQFX". You’ll get all this info in one place.

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

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

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

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

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

Fact Sheet

1. Describe AMG Funds I: AMG FQ U.S. Equity Fund; Class I Shares (MEQFX).

The Fund seeks long-term capital appreciation by investing in the stocks of large U.S. companies. Normally, the Fund will invest at least 65% of its total assets in these large cap stocks.

2. What are MEQFX top holdings?

MEQFX has 98 stock holdings and 0 bond holdings.

The top 10 holdings represent 13.56% of total assets. Here are the top holdings:

Name Symbol % Assets
Long Swap Basket - Receive Leg N/A 6.33%
Short Swap Basket - Receive Leg N/A 3.00%
Johnson & Johnson JNJ 0.61%
Usana Health Sciences Inc USNA 0.60%
Orthofix Medical Inc OFIX 0.58%
Exxon Mobil Corp XOM 0.56%
Novavax Inc NVAX 0.54%
Berkshire Hathaway Inc Class B BRK.B 0.49%
MISTRAS Group Inc MG 0.45%
American Tower Corp AMT 0.40%

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

MEQFX has generated the following returns:

  • 1-month return is 3.20%;
  • 3-month return is -1.70%;
  • 1-year return is -10.26%;
  • 3-year return is 3.63%;
  • 5-year return is 6.64%;
  • 10-year return is 10.08%;
  • 15-year return is 6.74%.

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

In the last 10 years, MEQFX had 9 up years and 1 down year.

5. What is MEQFX dividend yield?

MEQFX yield is 0.38%.

6. What is MEQFX minimum initial investment amount?

MEQFX minimum initial investment amount is N/A.

7. What is MEQFX expense ratio?

MEQFX expense ratio is 0.75%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 1.34%;
  • 3-year ax cost ratio is 3.71%.

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

  • 3-year beta is 0.49;
  • 5-year beta is 0.56;
  • 10-year beta is 0.73.

11. What is MEQFX Sharpe ratio?

  • 3-year Sharpe ratio is 0.14;
  • 5-year Sharpe ratio is 0.36;
  • 10-year Sharpe ratio is 0.84.

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 MEQFX? What are MEQFX buy reasons?

The following are MEQFX 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 MEQFX? What are MEQFX negatives?

The following are MEQFX weaknesses from our perspective:

  • MEQFX net assets are $86.90 million. This fund is not a popular choice with retail investors.
  • MEQFX 3-year return is 3.63%, which is lower than the 3-year return of the benchmark index (Russell 3000 TR USD), 12.98%.
  • MEQFX 5-year return is 6.64%, which is lower than the 5-year return of the benchmark index (Russell 3000 TR USD), 13.89%.
  • MEQFX 10-year return is 10.08%, which is lower than the 10-year return of the benchmark index (Russell 3000 TR USD), 14.06%.
  • MEQFX 15-year return is 6.74%, which is lower than the 15-year return of the benchmark index (Russell 3000 TR USD), 9.31%.
  • MEQFX expense ratio is 0.75%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the MEQFX review, we covered MEQFX 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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