9 important things you should know about AMG Funds MGFIX mutual fund
Updated: December 01, 2021
Bull case
3-year return above the benchmark
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
High expense ratio

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

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

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

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

  1. Describe AMG Funds III: AMG Managers Loomis Sayles Bond Fund; Class N Shares (MGFIX).
  2. What are MGFIX holdings?
  3. What is MGFIX performance? What are MGFIX historical returns?
  4. What is MGFIX dividend yield?
  5. What is MGFIX minimum initial investment amount?
  6. Does MGFIX have any sales loads or 12b-1 distribution expenses?
  7. What is MGFIX Finny Score? MGFIX buy or sell?
  8. What are the pros of investing in MGFIX? What are MGFIX buy reasons?
  9. What are the cons of investing in MGFIX? What are MGFIX 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 Loomis Sayles Bond Fund; Class N Shares (MGFIX).

The Fund seeks to achieve a high level of current income by investing primarily in a portfolio of fixed-income securities (investment grade debt) of any maturity. Seeks to achieve incremental return through analysis of relative credit and valuation of debt securities.

2. What are MGFIX top holdings?

MGFIX has 0 stock holdings and 156 bond holdings.

The top 10 holdings represent 34.01% of total assets. Here are the top holdings:

Name Symbol % Assets
United States Treasury Bonds 1.25% N/A 8.95%
United States Treasury Bills 0.1% N/A 4.63%
United States Treasury Notes 1.5% N/A 4.19%
Verizon Communications Inc. 1.68% N/A 2.86%
Ford Motor Credit Company LLC 4.39% N/A 2.62%
United States Treasury Bonds 3% N/A 2.60%
Mexico (United Mexican States) 10% N/A 2.38%
Lloyds Banking Group plc 4.58% N/A 2.15%
Banco Santander, S.A. 5.18% N/A 1.82%
Morgan Stanley 3.95% N/A 1.81%

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

MGFIX has generated the following returns:

  • 1-month return is -0.09%;
  • 3-month return is -0.92%;
  • 1-year return is -0.92%;
  • 3-year return is 5.69%;
  • 5-year return is 4.37%;
  • 10-year return is 4.39%;
  • 15-year return is 4.98%.

4. What is MGFIX dividend yield?

MGFIX yield is 2.09%.

5. What is MGFIX minimum initial investment amount?

MGFIX minimum initial investment amount is $3.00K.

6. Does MGFIX have any sales loads or 12b-1 distribution expenses?

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

Analysis

7. What is Finny Score? buy or sell?

Finny Score is 71. Our quantitative analysis shows 5 reasons to buy and 2 reasons to sell it, resulting in the Finny Score of 71.

8. What are the pros of investing in MGFIX? What are MGFIX buy reasons?

The following are MGFIX strengths from our perspective:

  • MGFIX 3-year return is 5.69%, which is higher than the 3-year return of the benchmark index (Bloomberg US Aggregate Bond TR USD), 5.24%.
  • MGFIX 5-year return is 4.37%, which is higher than the 5-year return of the benchmark index (Bloomberg US Aggregate Bond TR USD), 3.48%.
  • MGFIX 10-year return is 4.39%, which is higher than the 10-year return of the benchmark index (Bloomberg US Aggregate Bond TR USD), 2.89%.
  • MGFIX 15-year return is 4.98%, which is higher than the 15-year return of the benchmark index (Bloomberg US Aggregate Bond TR USD), 4.03%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

9. What are the cons of investing in MGFIX? What are MGFIX negatives?

The following are MGFIX weaknesses from our perspective:

  • MGFIX net assets are $445.90 million. This fund is not a popular choice with retail investors.
  • MGFIX expense ratio is 0.71%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the MGFIX review, we covered MGFIX 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.