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

Updated: September 10, 2020
N/A
Bull Case
  • No sales load or distribution fees
Bear Case
  • Low net assets

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

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

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

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

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

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

Fact Sheet

1. Describe AMG Funds II: AMG Managers Amundi Intermediate Government Fund; Class N Shares (MGIDX).

2. What are MGIDX top holdings?

MGIDX has 0 stock holdings and 0 bond holdings.

The top 6 holdings represent 29.53% of total assets. Here are the top holdings:

Name Symbol % Assets
Cbot 5 Year Us Treasury Note Future Dec 2019 N/A 8.83%
Federal National Mortgage Association 3.5% N/A 7.66%
Progress Residential 2015-sfr2 Trust 2.74% N/A 4.15%
Federal National Mortgage Association 4% N/A 3.29%
Federal National Mortgage Association 3% N/A 2.89%
Federal National Mortgage Association 4.5% N/A 2.71%

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

MGIDX has generated the following returns:

  • 1-month return is 0.09%;
  • 3-month return is -0.46%;
  • 1-year return is 6.48%;
  • 3-year return is 1.23%;
  • 5-year return is 1.75%;
  • 10-year return is 2.98%.

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

In the last 10 years, MGIDX had 9 up years and 0 down years.

5. What is MGIDX dividend yield?

MGIDX yield is %.

6. What is MGIDX minimum initial investment amount?

MGIDX minimum initial investment amount is $3.00K.

7. What is MGIDX expense ratio?

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

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

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

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

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

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

11. What is MGIDX Sharpe ratio?

Analysis

12. What is Finny Score? buy or sell?

Finny Score is N/A. Our quantitative analysis shows 1 reason to buy and 1 reason to sell. Finny Scores are not available if there are insufficient data points from the analysis.

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

The following are MGIDX 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 MGIDX? What are MGIDX negatives?

The following are MGIDX weaknesses from our perspective:

  • MGIDX net assets are $0.00 million. This fund is not a popular choice with retail investors.
In the MGIDX review, we covered MGIDX 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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