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

Updated: September 10, 2020
71
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 MGGBX “stock” price, you can quickly find it out by visiting Finny and typing "MGGBX quote". If you’re looking for a quick scoop on MGGBX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "MGGBX". You’ll get all this info in one place.

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

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

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

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

The Fund seeks to achieve a high level of total return, both through income and capital appreciation. Invests primarily in domestic and foreign fixed-income securities, principally high quality debt securities of government, corporate and supranational organizations.

2. What are MGGBX top holdings?

MGGBX has 0 stock holdings and 88 bond holdings.

The top 10 holdings represent 28.89% of total assets. Here are the top holdings:

Name Symbol % Assets
10 Year Treasury Note Future June 20 ZNM0 6.60%
United States Treasury Notes 3.12% N/A 2.59%
Indonesia (Republic of) 4.75% N/A 2.57%
Lloyds Banking Group plc 4.5% N/A 2.52%
Barclays PLC 3.65% N/A 2.47%
Japan (Government Of) 0.5% N/A 2.47%
Energy Transfer Operating L P 4.05% N/A 2.45%
KT Corporation 2.5% N/A 2.44%
Weibo Corporation 3.5% N/A 2.41%
Alfa SAB de CV 5.25% N/A 2.37%

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

MGGBX has generated the following returns:

  • 1-month return is 0.26%;
  • 3-month return is 5.17%;
  • 1-year return is 8.87%;
  • 3-year return is 3.92%;
  • 5-year return is 4.78%;
  • 10-year return is 3.65%;
  • 15-year return is 4.24%.

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

In the last 10 years, MGGBX had 7 up years and 3 down years.

5. What is MGGBX dividend yield?

MGGBX yield is 0.31%.

6. What is MGGBX minimum initial investment amount?

MGGBX minimum initial investment amount is $3.00K.

7. What is MGGBX expense ratio?

MGGBX 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 MGGBX have any sales loads or 12b-1 distribution expenses?

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

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

  • 1-year ax cost ratio is 0.13%;
  • 3-year ax cost ratio is 0.14%.

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

  • 3-year beta is 0.88;
  • 5-year beta is 1.14;
  • 10-year beta is 0.96.

11. What is MGGBX Sharpe ratio?

  • 3-year Sharpe ratio is 0.36;
  • 5-year Sharpe ratio is 0.42;
  • 10-year Sharpe ratio is 0.55.

Analysis

12. 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.

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

The following are MGGBX strengths from our perspective:

  • MGGBX 3-year return is 3.92%, which is higher than the 3-year return of the benchmark index (Bloomberg Barclays Global Aggregate TR USD), 3.45%.
  • MGGBX 5-year return is 4.78%, which is higher than the 5-year return of the benchmark index (Bloomberg Barclays Global Aggregate TR USD), 3.96%.
  • MGGBX 10-year return is 3.65%, which is higher than the 10-year return of the benchmark index (Bloomberg Barclays Global Aggregate TR USD), 2.63%.
  • MGGBX 15-year return is 4.24%, which is higher than the 15-year return of the benchmark index (Bloomberg Barclays Global Aggregate TR USD), 3.63%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are MGGBX weaknesses from our perspective:

  • MGGBX net assets are $9.60 million. This fund is not a popular choice with retail investors.
  • MGGBX 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 MGGBX review, we covered MGGBX 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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