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

Updated: September 10, 2020
17
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
  • High expense ratio

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

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

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

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

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

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

Fact Sheet

1. Describe AMG Funds: AMG Renaissance Large Cap Growth Fund; Class I Shares (MRLSX).

The Fund seeks to provide investors with long-term capital appreciation. Under normal circumstances, the Fund invests at least 80% of its net assets in securities of large-capitalization companies with demonstrated records of above-average profitability and accelerating earnings trends.

2. What are MRLSX top holdings?

MRLSX has 56 stock holdings and 0 bond holdings.

The top 10 holdings represent 22.44% of total assets. Here are the top holdings:

Name Symbol % Assets
Apple Inc AAPL 3.15%
Microsoft Corp MSFT 2.81%
Facebook Inc A FB 2.32%
Alphabet Inc A GOOGL 2.30%
NVIDIA Corp NVDA 2.25%
Amazon.com Inc AMZN 2.08%
Accenture PLC Class A ACN 1.90%
Ross Stores Inc ROST 1.89%
Roper Technologies Inc ROP 1.87%
Waste Management Inc WM 1.87%

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

MRLSX has generated the following returns:

  • 1-month return is 2.98%;
  • 3-month return is 12.77%;
  • 1-year return is 23.89%;
  • 3-year return is 15.95%;
  • 5-year return is 14.57%;
  • 10-year return is 15.14%.

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

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

5. What is MRLSX dividend yield?

MRLSX yield is 0.86%.

6. What is MRLSX minimum initial investment amount?

MRLSX minimum initial investment amount is $100.00K.

7. What is MRLSX expense ratio?

MRLSX expense ratio is 0.74%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 2.27%;
  • 3-year ax cost ratio is 2.87%.

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

  • 3-year beta is 1.06;
  • 5-year beta is 1.06;
  • 10-year beta is 1.12.

11. What is MRLSX Sharpe ratio?

  • 3-year Sharpe ratio is 0.66;
  • 5-year Sharpe ratio is 0.65;
  • 10-year Sharpe ratio is 0.90.

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 17. Our quantitative analysis shows 1 reason to buy and 5 reasons to sell it, resulting in the Finny Score of 17.

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

The following are MRLSX 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 MRLSX? What are MRLSX negatives?

The following are MRLSX weaknesses from our perspective:

  • MRLSX net assets are $8.40 million. This fund is not a popular choice with retail investors.
  • MRLSX 3-year return is 15.95%, which is lower than the 3-year return of the benchmark index (Russell 1000 Growth TR USD), 22.47%.
  • MRLSX 5-year return is 14.57%, which is lower than the 5-year return of the benchmark index (Russell 1000 Growth TR USD), 20.16%.
  • MRLSX 10-year return is 15.14%, which is lower than the 10-year return of the benchmark index (Russell 1000 Growth TR USD), 17.91%.
  • MRLSX expense ratio is 0.74%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the MRLSX review, we covered MRLSX 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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