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

Updated: January 28, 2021
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 MGSEX “stock” price, you can quickly find it out by visiting Finny and typing "MGSEX quote". If you’re looking for a quick scoop on MGSEX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "MGSEX". You’ll get all this info in one place.

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

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

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

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

The Fund seeks long-term capital appreciation from equity securities of small- and medium-capitalization companies. Selects investments with the potential for capital appreciation as a result of earnings growth and/or improvements in equity valuation.

2. What are MGSEX top holdings?

MGSEX has 293 stock holdings and 0 bond holdings.

The top 10 holdings represent 14.25% of total assets. Here are the top holdings:

Name Symbol % Assets
Repligen Corp RGEN 2.14%
Pegasystems Inc PEGA 1.67%
Medpace Holdings Inc MEDP 1.60%
Grocery Outlet Holding Corp GO 1.52%
WNS (Holdings) Ltd ADR WNS 1.38%
NeoGenomics Inc NEO 1.31%
Workiva Inc Class A WK 1.30%
EVO Payments Inc EVOP 1.16%
LHC Group Inc LHCG 1.09%
Neogen Corp NEOG 1.08%

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

MGSEX has generated the following returns:

  • 1-month return is 5.42%;
  • 3-month return is 27.90%;
  • 1-year return is 27.90%;
  • 3-year return is 19.90%;
  • 5-year return is 22.64%;
  • 10-year return is 15.20%;
  • 15-year return is 10.20%.

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

In the last 10 years, MGSEX had 7 up years and 2 down years.

MGSEX up and down years

5. What is MGSEX dividend yield?

MGSEX yield is 0%.

6. What is MGSEX minimum initial investment amount?

MGSEX minimum initial investment amount is $3.00K.

7. What is MGSEX expense ratio?

MGSEX expense ratio is 1.36%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

MGSEX expenses

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

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

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

  • 1-year ax cost ratio is 1.02%;
  • 3-year ax cost ratio is 2.41%.
MGSEX tax costs

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

  • 3-year beta is 1.17;
  • 5-year beta is 1.20;
  • 10-year beta is 1.19.
MGSEX Beta

11. What is MGSEX Sharpe ratio?

  • 3-year Sharpe ratio is 0.51;
  • 5-year Sharpe ratio is 0.62;
  • 10-year Sharpe ratio is 0.73.
MGSEX Sharpe ratio

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 MGSEX? What are MGSEX buy reasons?

The following are MGSEX strengths from our perspective:

  • MGSEX 3-year return is 19.9%, which is higher than the 3-year return of the benchmark index (Russell 2000 Growth TR USD), 18%.
  • MGSEX 5-year return is 22.64%, which is higher than the 5-year return of the benchmark index (Russell 2000 Growth TR USD), 21.88%.
  • MGSEX 10-year return is 15.2%, which is higher than the 10-year return of the benchmark index (Russell 2000 Growth TR USD), 14.71%.
  • MGSEX 15-year return is 10.2%, which is in line with the 15-year return of the benchmark index (Russell 2000 Growth TR USD), 10.92%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are MGSEX weaknesses from our perspective:

  • MGSEX net assets are $205.00 million. This fund is not a popular choice with retail investors.
  • MGSEX expense ratio is 1.36%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the MGSEX review, we covered MGSEX 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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