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

Updated: September 10, 2020
N/A
Bull Case
  • No Bull case arguments for now!
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
  • Sales load and/or distribution fees

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

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

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

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

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

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 MRLTX top holdings?

MRLTX 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 MRLTX performance? What are MRLTX historical returns?

MRLTX has generated the following returns:

  • 1-month return is 2.95%;
  • 3-month return is 12.68%;
  • 1-year return is 23.54%;
  • 3-year return is 15.65%;
  • 5-year return is 14.26%;
  • 10-year return is 14.78%.

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

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

5. What is MRLTX dividend yield?

MRLTX yield is 0.62%.

6. What is MRLTX minimum initial investment amount?

MRLTX minimum initial investment amount is $3.00K.

7. What is MRLTX expense ratio?

MRLTX expense ratio is 1%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

MRLTX 12b-1 distribution fee is 0.25. MRLTX front-end sales load is 0. MRLTX back-end sales load is 0.

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

  • 1-year ax cost ratio is 2.2%;
  • 3-year ax cost ratio is 2.8%.

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

  • 3-year beta is 1.06;
  • 5-year beta is 1.05;
  • 10-year beta is 1.12.

11. What is MRLTX Sharpe ratio?

  • 3-year Sharpe ratio is 0.64;
  • 5-year Sharpe ratio is 0.63;
  • 10-year Sharpe ratio is 0.88.

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 6 reasons to sell it, resulting in the Finny Score of 0.

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

We don't see any strong reasons to buy MRLTX.

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

The following are MRLTX weaknesses from our perspective:

  • MRLTX net assets are $63.90 million. This fund is not a popular choice with retail investors.
  • MRLTX 3-year return is 15.65%, which is lower than the 3-year return of the benchmark index (Russell 1000 Growth TR USD), 22.47%.
  • MRLTX 5-year return is 14.26%, which is lower than the 5-year return of the benchmark index (Russell 1000 Growth TR USD), 20.16%.
  • MRLTX 10-year return is 14.78%, which is lower than the 10-year return of the benchmark index (Russell 1000 Growth TR USD), 17.91%.
  • MRLTX expense ratio is 1%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
In the MRLTX review, we covered MRLTX 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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