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

Updated: September 10, 2020
29
Bull Case
  • 10-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 15-year return below the benchmark
  • High expense ratio

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

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

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

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

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

The Fund seeks to achieve superior term after-tax returns by investing in a diversified long-portfolio of U.S. equity securities that reflects the industry, earnings growth, valuation and similar characteristics of the Russell 3000 Index. The Fund uses quantitative models in stock selection.

2. What are MFQTX top holdings?

MFQTX has 133 stock holdings and 0 bond holdings.

The top 10 holdings represent 35.89% of total assets. Here are the top holdings:

Name Symbol % Assets
Apple Inc AAPL 4.59%
Microsoft Corp MSFT 4.54%
Visa Inc Class A V 4.53%
Mastercard Inc A MA 4.36%
UnitedHealth Group Inc UNH 3.97%
Amazon.com Inc AMZN 3.89%
Berkshire Hathaway Inc Class B BRK.B 3.01%
Brown & Brown Inc BRO 2.66%
Amgen Inc AMGN 2.28%
Facebook Inc A FB 2.06%

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

MFQTX has generated the following returns:

  • 1-month return is 2.92%;
  • 3-month return is 8.84%;
  • 1-year return is 11.19%;
  • 3-year return is 9.77%;
  • 5-year return is 9.88%;
  • 10-year return is 13.03%;
  • 15-year return is 8.34%.

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

In the last 10 years, MFQTX had 8 up years and 2 down years.

5. What is MFQTX dividend yield?

MFQTX yield is 0.48%.

6. What is MFQTX minimum initial investment amount?

MFQTX minimum initial investment amount is N/A.

7. What is MFQTX expense ratio?

MFQTX expense ratio is 0.89%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 0.23%;
  • 3-year ax cost ratio is 0.31%.

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

  • 3-year beta is 1.08;
  • 5-year beta is 1.03;
  • 10-year beta is 1.06.

11. What is MFQTX Sharpe ratio?

  • 3-year Sharpe ratio is 0.38;
  • 5-year Sharpe ratio is 0.42;
  • 10-year Sharpe ratio is 0.85.

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 29. Our quantitative analysis shows 2 reasons to buy and 5 reasons to sell it, resulting in the Finny Score of 29.

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

The following are MFQTX strengths from our perspective:

  • MFQTX 10-year return is 13.03%, which is in line with the 10-year return of the benchmark index (Russell 3000 TR USD), 14.06%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are MFQTX weaknesses from our perspective:

  • MFQTX net assets are $65.50 million. This fund is not a popular choice with retail investors.
  • MFQTX 3-year return is 9.77%, which is lower than the 3-year return of the benchmark index (Russell 3000 TR USD), 12.98%.
  • MFQTX 5-year return is 9.88%, which is lower than the 5-year return of the benchmark index (Russell 3000 TR USD), 13.89%.
  • MFQTX 15-year return is 8.34%, which is lower than the 15-year return of the benchmark index (Russell 3000 TR USD), 9.31%.
  • MFQTX expense ratio is 0.89%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the MFQTX review, we covered MFQTX 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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