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

Updated: September 19, 2020
14
Bull Case
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • 15-year return below the benchmark
  • High expense ratio

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

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

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

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

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

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

Fact Sheet

1. Describe AMG Funds I: AMG FQ Global Risk-Balanced Fund; Class Z Shares (MMAFX).

The Fund seeks to maximize total return. The Fund seeks to provide a diversified, risk-balanced global market portfolio. The Fund also attempts to balance risk and return by gaining exposure to global equities and debt, primarily through derivative instruments utilizing a proprietary dynamic asset allocation process.

2. What are MMAFX top holdings?

MMAFX has 0 stock holdings and 4 bond holdings.

The top 10 holdings represent 125.88% of total assets. Here are the top holdings:

Name Symbol % Assets
Long Gilt Future Sept 20 RU0.L 26.83%
US Treasury Bond Future Sept 20 ZBU0 26.02%
10 Year Government of Canada Bond Future Sept 20 CGBU0.TO 19.54%
10 Year Australian Treasury Bond Future June 20 XTM0.AX 19.07%
iShares iBoxx $ High Yield Corp Bd ETF HYG 7.09%
Euro Stoxx 50 Future June 20 FESXM0.DE 6.99%
E-mini Russell 2000 Index Future June 20 RTYM0 6.43%
Vanguard Extended Duration Trs ETF EDV 5.80%
ELEMENTS Rogers Intl Cmdty TR ETN RJI 4.23%
iPath® Bloomberg Cmdty TR ETN DJP 3.88%

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

MMAFX has generated the following returns:

  • 1-month return is -2.33%;
  • 3-month return is 2.82%;
  • 1-year return is -13.37%;
  • 3-year return is -1.28%;
  • 5-year return is 3.84%;
  • 10-year return is 3.90%;
  • 15-year return is 3.03%.

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

In the last 10 years, MMAFX had 7 up years and 3 down years. See Performances

5. What is MMAFX dividend yield?

MMAFX yield is 3.91%.

6. What is MMAFX minimum initial investment amount?

MMAFX minimum initial investment amount is N/A.

7. What is MMAFX expense ratio?

MMAFX expense ratio is 1.12%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

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

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

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

  • 1-year ax cost ratio is 1.55%;
  • 3-year ax cost ratio is 0.95%.

See Taxes

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

  • 3-year beta is 1.08;
  • 5-year beta is 1.02;
  • 10-year beta is 0.90.

See Risks

11. What is MMAFX Sharpe ratio?

  • 3-year Sharpe ratio is -0.12;
  • 5-year Sharpe ratio is 0.16;
  • 10-year Sharpe ratio is 0.43.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 14. Our quantitative analysis shows 1 reason to buy and 6 reasons to sell it, resulting in the Finny Score of 14.

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

The following are MMAFX 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 MMAFX? What are MMAFX negatives?

The following are MMAFX weaknesses from our perspective:

  • <strong>MMAFX net assets</strong> are $49.10 million. This fund is not a popular choice with retail investors.
  • <strong>MMAFX 3-year return</strong> is -1.28%, which is lower than the 3-year return of the benchmark index (S&P 500 TR USD), 13.64%.
  • <strong>MMAFX 5-year return</strong> is 3.84%, which is lower than the 5-year return of the benchmark index (S&P 500 TR USD), 14.57%.
  • <strong>MMAFX 10-year return</strong> is 3.9%, which is lower than the 10-year return of the benchmark index (S&P 500 TR USD), 14.33%.
  • <strong>MMAFX 15-year return</strong> is 3.03%, which is lower than the 15-year return of the benchmark index (S&P 500 TR USD), 9.4%.
  • <strong>MMAFX expense ratio</strong> is 1.12%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the MMAFX review, we covered MMAFX 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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