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

Updated: September 10, 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 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. How many up and down years did MGFIX have historically?
  5. What is MGFIX dividend yield?
  6. What is MGFIX minimum initial investment amount?
  7. What is MGFIX expense ratio?
  8. Does MGFIX have any sales loads or 12b-1 distribution expenses?
  9. What is MGFIX tax efficiency (tax-cost ratio)?
  10. What is MGFIX beta? How would you assess MGFIX risk?
  11. What is MGFIX Sharpe ratio?
  12. What is MGFIX Finny Score? MGFIX buy or sell?
  13. What are the pros of investing in MGFIX? What are MGFIX buy reasons?
  14. 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 3 stock holdings and 130 bond holdings.

The top 9 holdings represent 29.88% of total assets. Here are the top holdings:

Name Symbol % Assets
United States Treasury Bonds 1.25% N/A 9.22%
United States Treasury Notes 1.5% N/A 5.13%
Verizon Communications Inc. 3.5% N/A 2.77%
United States Treasury Bonds 3% N/A 2.64%
Ford Motor Credit Company LLC 4.39% N/A 2.38%
Mexico (United Mexican States) 10% N/A 2.22%
Lloyds Banking Group plc 4.58% N/A 2.05%
Morgan Stanley 3.95% N/A 1.74%
Transcontinental Gas Pipe Line Company, LLC 7.85% N/A 1.73%

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

MGFIX has generated the following returns:

  • 1-month return is -0.66%;
  • 3-month return is 4.84%;
  • 1-year return is 4.93%;
  • 3-year return is 4.42%;
  • 5-year return is 4.74%;
  • 10-year return is 4.80%;
  • 15-year return is 5.42%.

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

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

5. What is MGFIX dividend yield?

MGFIX yield is 3.6%.

6. What is MGFIX minimum initial investment amount?

MGFIX minimum initial investment amount is $3.00K.

7. What is MGFIX expense ratio?

MGFIX expense ratio is 0.7%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. 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.

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

  • 1-year ax cost ratio is 1.49%;
  • 3-year ax cost ratio is 1.53%.

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

  • 3-year beta is 0.80;
  • 5-year beta is 0.82;
  • 10-year beta is 0.85.

11. What is MGFIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.43;
  • 5-year Sharpe ratio is 0.62;
  • 10-year Sharpe ratio is 0.98.

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 MGFIX? What are MGFIX buy reasons?

The following are MGFIX strengths from our perspective:

  • MGFIX 5-year return is 4.74%, which is higher than the 5-year return of the benchmark index (Bloomberg Barclays US Government/Credit TR USD), 4.71%.
  • MGFIX 10-year return is 4.8%, which is higher than the 10-year return of the benchmark index (Bloomberg Barclays US Government/Credit TR USD), 3.99%.
  • MGFIX 15-year return is 5.42%, which is higher than the 15-year return of the benchmark index (Bloomberg Barclays US Government/Credit TR USD), 4.53%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are MGFIX weaknesses from our perspective:

  • MGFIX net assets are $618.90 million. This fund is not a popular choice with retail investors.
  • MGFIX 3-year return is 4.42%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US Government/Credit TR USD), 5.71%.
  • MGFIX expense ratio is 0.7%, 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.
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