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15 important things you should know about AMG Funds MMCFX 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 MMCFX “stock” price, you can quickly find it out by visiting Finny and typing "MMCFX quote". If you’re looking for a quick scoop on MMCFX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "MMCFX". You’ll get all this info in one place.

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

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

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

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

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

Fact Sheet

1. Describe AMG Funds I: AMG Managers Emerging Opportunities Fund; Class N Shares (MMCFX).

The Fund seeks long-term capital appreciation by investing in stocks of U.S. micro-cap companies, those with market capitalizations less than $550 million. Normally, the Fund will invest at least 80% of its total assets in these U.S. micro-cap stocks.

2. What are MMCFX top holdings?

MMCFX has 226 stock holdings and 0 bond holdings.

The top 10 holdings represent 14.14% of total assets. Here are the top holdings:

Name Symbol % Assets
Model N Inc MODN 1.76%
Patrick Industries Inc PATK 1.63%
Compass Diversified Holdings CODI 1.61%
Ducommun Inc DCO 1.57%
Columbus McKinnon Corp CMCO 1.51%
TechTarget Inc TTGT 1.30%
Gray Television Inc GTN 1.23%
Palomar Holdings Inc PLMR 1.23%
SI-BONE Inc SIBN 1.16%
Alphatec Holdings Inc ATEC 1.14%

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

MMCFX has generated the following returns:

  • 1-month return is 1.41%;
  • 3-month return is 5.13%;
  • 1-year return is 5.60%;
  • 3-year return is 7.88%;
  • 5-year return is 9.24%;
  • 10-year return is 12.67%;
  • 15-year return is 8.41%.

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

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

5. What is MMCFX dividend yield?

MMCFX yield is 0%.

6. What is MMCFX minimum initial investment amount?

MMCFX minimum initial investment amount is $2.00K.

7. What is MMCFX expense ratio?

MMCFX expense ratio is 1.2%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 2.01%;
  • 3-year ax cost ratio is 3.52%.

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

  • 3-year beta is 1.32;
  • 5-year beta is 1.26;
  • 10-year beta is 1.27.

11. What is MMCFX Sharpe ratio?

  • 3-year Sharpe ratio is 0.32;
  • 5-year Sharpe ratio is 0.33;
  • 10-year Sharpe ratio is 0.66.

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 MMCFX? What are MMCFX buy reasons?

The following are MMCFX strengths from our perspective:

  • MMCFX 3-year return is 7.88%, which is higher than the 3-year return of the benchmark index (Russell Micro Cap TR USD), 2.56%.
  • MMCFX 5-year return is 9.24%, which is higher than the 5-year return of the benchmark index (Russell Micro Cap TR USD), 5.91%.
  • MMCFX 10-year return is 12.67%, which is higher than the 10-year return of the benchmark index (Russell Micro Cap TR USD), 10.19%.
  • MMCFX 15-year return is 8.41%, which is higher than the 15-year return of the benchmark index (Russell Micro Cap TR USD), 5.58%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are MMCFX weaknesses from our perspective:

  • MMCFX net assets are $145.00 million. This fund is not a popular choice with retail investors.
  • MMCFX expense ratio is 1.2%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the MMCFX review, we covered MMCFX 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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