MBEAX: AMG Chicago Equity Partners Balanced N

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MBEAX AMG Chicago Equity Partners Balanced N

  • Fund
  • MBEAX
  • Price as of: Oct 18, 2019
  • $17.10 - $0.02 - 0.12%

MBEAX - Profile

Vitals

  • YTD Return 10.7%
  • 3 Yr Annualized Return 3.9%
  • 5 Yr Annualized Return 1.7%
  • Net Assets $267 M
  • Holdings in Top 10 12.1%

52 WEEK LOW AND HIGH

$17.10
$15.28
$17.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.15%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 80.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 10.7%
  • 3 Yr Annualized Total Return 8.1%
  • 5 Yr Annualized Total Return 6.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.02%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name AMG Chicago Equity Partners Balanced Fund
  • Fund Family Name AMG Funds
  • Inception Date Jan 02, 1997
  • Shares Outstanding N/A
  • Share Class N
  • Currency USD
  • Domiciled Country United States
  • Manager Michael J. Budd

Fund Description

The fund will invest 50-75% of its total assets in equity securities and invest the remainder in bonds and other fixed income securities, as well as cash and cash equivalents. The equity portion of the fund is invested primarily in a diversified portfolio of U.S. common stocks, as well as other U.S. and foreign securities, including convertible securities and warrants. It will invest at least 25% of its total assets in fixed income securities under normal circumstances.

MBEAX - Performance

Return Ranking - Trailing

Period MBEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.7% -38.7% 29.2% 50.20%
1 Yr -1.6% -95.4% 33.0% 75.28%
3 Yr 3.9%* -63.0% 25.2% 29.92%
5 Yr 1.7%* -45.7% 13.4% 43.00%
10 Yr 3.3%* -38.1% 15.4% 61.30%

* Annualized


Return Ranking - Calendar

Period MBEAX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.3% -93.5% 19.0% 45.26%
2017 10.2% -44.7% 46.3% 14.22%
2016 3.6% -84.5% 146.1% 49.64%
2015 -1.1% -40.7% 14.6% 4.52%
2014 -0.3% -35.0% 306.6% 62.30%

Total Return Ranking - Trailing

Period MBEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.7% -38.7% 29.2% 50.91%
1 Yr 4.8% -26.5% 33.0% 35.46%
3 Yr 8.1%* -50.0% 25.2% 10.34%
5 Yr 6.8%* -40.3% 13.4% 10.50%
10 Yr 8.4%* -38.1% 15.4% 18.97%

* Annualized


Total Return Ranking - Calendar

Period MBEAX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.9% -27.2% 19.0% 10.32%
2017 15.5% -44.7% 46.3% 9.07%
2016 4.6% -84.5% 146.1% 66.02%
2015 2.2% -36.9% 14.6% 2.71%
2014 9.7% -35.0% 306.6% 12.16%

NAV & Total Return History

MBEAX - Holdings

Concentration Analysis

MBEAX Category Low Category High MBEAX % Rank
Net Assets 267 M 595 K 150 B 54.25%
Number of Holdings 781 2 13619 11.93%
Net Assets in Top 10 32.2 M -206 M 29 B 74.06%
Weighting of Top 10 12.07% 9.0% 808.8% 97.02%

Top 10 Holdings

  1. Apple Inc 1.44%

  2. United States Treasury Notes 1.5% 1.35%

  3. United States Treasury Notes 2.38% 1.33%

  4. Microsoft Corp 1.32%

  5. United States Treasury Notes 2% 1.29%

  6. United States Treasury Notes 2.25% 1.24%

  7. United States Treasury Notes 1.12% 1.23%

  8. United States Treasury Bonds 3% 1.07%

  9. Amazon.com Inc 0.95%

  10. Visa Inc Class A 0.87%


Asset Allocation

Weighting Return Low Return High MBEAX % Rank
Stocks
53.87% -41.01% 85.51% 35.59%
Bonds
44.65% -35.77% 80.79% 43.24%
Cash
1.45% -46.53% 72.58% 80.32%
Convertible Bonds
0.03% 0.00% 84.63% 75.25%
Preferred Stocks
0.00% 0.00% 49.94% 76.74%
Other
0.00% -36.58% 100.69% 68.49%

Stock Sector Breakdown

Weighting Return Low Return High MBEAX % Rank
Technology
10.59% -18.03% 25.15% 32.69%
Financial Services
9.84% -7.21% 29.64% 19.78%
Healthcare
6.27% -6.04% 21.65% 41.78%
Consumer Cyclical
5.31% -10.48% 41.19% 39.86%
Industrials
5.30% -2.39% 24.11% 39.05%
Consumer Defense
5.08% -4.20% 11.56% 19.78%
Real Estate
3.19% -8.18% 50.99% 24.82%
Utilities
2.88% -2.30% 56.62% 15.74%
Energy
2.38% -2.02% 67.98% 51.66%
Basic Materials
1.81% -1.69% 15.06% 36.63%
Communication Services
1.21% -6.69% 6.14% 53.58%

Stock Geographic Breakdown

Weighting Return Low Return High MBEAX % Rank
US
51.22% -41.02% 95.72% 30.91%
Non US
2.65% -71.32% 29.49% 69.58%

Bond Sector Breakdown

Weighting Return Low Return High MBEAX % Rank
Government
20.06% -149.28% 80.79% 24.35%
Corporate
13.20% -8.79% 89.89% 66.50%
Securitized
11.43% 0.00% 45.59% 43.54%
Cash & Equivalents
1.45% -46.36% 335.52% 79.82%
Derivative
0.00% -84.86% 22.55% 43.64%
Municipal
0.00% 0.00% 58.02% 69.38%

Bond Geographic Breakdown

Weighting Return Low Return High MBEAX % Rank
US
44.19% -36.43% 358.36% 37.38%
Non US
0.46% -302.38% 19.59% 86.68%

MBEAX - Expenses

Operational Fees

MBEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% 0.00% 18.45% 44.14%
Management Fee 0.60% 0.00% 2.00% 58.91%
12b-1 Fee 0.25% 0.00% 1.00% 35.89%
Administrative Fee 0.15% 0.00% 0.83% 70.90%

Sales Fees

MBEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MBEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MBEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 80.00% 0.00% 1225.00% 73.51%

MBEAX - Distributions

Dividend Yield Analysis

MBEAX Category Low Category High MBEAX % Rank
Dividend Yield 0.43% 0.00% 11.55% 60.24%

Dividend Distribution Analysis

MBEAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MBEAX Category Low Category High MBEAX % Rank
Net Income Ratio 1.02% -4.09% 6.65% 75.05%

Capital Gain Distribution Analysis

MBEAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

MBEAX - Managers

Michael J. Budd

Manager

Start Date

Tenure

Tenure Rank

Dec 21, 2006

12.78

12.8%

Mr. Budd is a senior fixed income portfolio manager focusing on mortgage, asset back and agency sectors. He has more than thirty-three years of industry experience. Prior to joining Chicago Equity Partners, he held positions at Bear Stearns and at St. Paul Federal Bank. Mr. Budd earned a bachelor’s degree in finance from the University of Notre Dame and an MBA from Loyola University. He is a trustee on the investment board of Benedictine Sisters of the Sacred Heart.


Curt A. Mitchell

Manager

Start Date

Tenure

Tenure Rank

Dec 21, 2006

12.78

12.8%

Mr. Mitchell is a senior fixed income portfolio manager, and oversees the fixed income team at Chicago Equity Partners. He joined Chicago Equity Partners in 2003, in conjunction with the launch of our fixed income business. Prior to joining our firm, he served as vice president and senior portfolio manager at Loomis Sayles & Company. Mr. Mitchell earned a bachelor’s degree in accounting from Illinois Wesleyan University and an MBA from the University of Illinois. He holds the Chartered Financial Analyst (CFA) designation, and is a member of the CFA Institute and the CFA Society of Chicago.


Patricia A. Halper

Manager

Start Date

Tenure

Tenure Rank

May 01, 2016

3.42

3.4%

Ms. Halper oversees all of Chicago Equity Partners’ equity products as well as the equity portfolio management and quantitative research groups. Previously, she was a member of the quantitative research team. Prior to joining our firm, she worked at the institutional futures sales desk at Paine Webber. Ms. Halper holds a bachelor’s degree in mathematics from Loyola University Chicago and a master’s degree in financial mathematics from the University of Chicago. She holds the Chartered Financial Analyst (CFA) designation, and is a member of the CFA Institute, the CFA Society of Chicago, the Chicago Quantitative Alliance, the Economic Club of Chicago and The Chicago Network. Additionally, she is on the Board of Trustees for La Rabida Children’s Hospital.


Michael J. Lawrence

Manager

Start Date

Tenure

Tenure Rank

May 01, 2018

1.42

1.4%

Mr. Lawrence, a member of Chicago Equity Partners’ portfolio management team, is responsible for the consumer staples, energy, industrials, materials, and utilities sectors. Previously, he was a member of the quantitative research team. Prior to joining Chicago Equity Partners, Mr. Lawrence worked in the consulting group of SEI Corporation. He earned a bachelor’s degree and an MBA from DePaul University. He holds the Chartered Financial Analyst (CFA) designation, and is a member of the CFA Institute and the CFA Society of Chicago.


Tenure Analysis

Category Low

0.0

Category High

35.77

Category Average

6.83

Category Mode

7.37