Class N: TSCPX | Class I: TSQIX | Class Z: TSCIX |
Class N: TMDPX | Class I: TQMIX | Class Z: TMDIX |
Class N: TCMPX | Class I: TQTIX | Class Z: TCMIX |
Class N: TQENX | Class I: TQEIX | Class Z: TQEZX |
Class N: TSYNX | Class I: TSYIX | Class Z: TSYZX |
AMG Funds | 1 |
AMG Funds | 3 |
4 | AMG Funds |
AMG Funds | 5 |
6 | AMG Funds |
AMG Funds | 7 |
8 | AMG Funds |
AMG Funds | 9 |
10 | AMG Funds |
AMG Funds | 11 |
12 | AMG Funds |
AMG Funds | 13 |
14 | AMG Funds |
AMG Funds | 15 |
16 | AMG Funds |
AMG Funds | 17 |
18 | AMG Funds |
AMG Funds | 19 |
20 | AMG Funds |
AMG Funds | 21 |
22 | AMG Funds |
AMG Funds | 23 |
24 | AMG Funds |
AMG Funds | 25 |
26 | AMG Funds |
AMG Funds | 27 |
28 | AMG Funds |
AMG Funds | 29 |
30 | AMG Funds |
AMG Funds | 31 |
32 | AMG Funds |
AMG Funds | 33 |
34 | AMG Funds |
AMG Funds | 35 |
36 | AMG Funds |
AMG Funds | 37 |
38 | AMG Funds |
AMG Funds | 39 |
40 | AMG Funds |
If you wish to open an account and buy shares*... | If you wish to add shares to your account*... | If you wish to sell shares* † ... | |
Through your registered investment professional: | Contact your investment advisor or other investment professional | Send any additional monies to your investment professional to the address on your account statement | Contact your investment advisor or other investment professional |
On your own: By mail |
Complete
the account application, then mail the application and a check payable to
AMG Funds to: AMG Funds c/o BNY Mellon Investment Servicing (US) Inc. PO Box 9769 Providence, RI 02940-9769 |
Send
a letter of instruction and a check payable to AMG Funds to: AMG Funds c/o BNY Mellon Investment Servicing (US) Inc. PO Box 9769 Providence, RI 02940-9769 (Include your account number and Fund name on your check) |
Write
a letter of instruction containing:
• Name of the Fund • Dollar amount or number of shares you wish to sell • Your name • Your account number • Signatures of all account owners Mail your letter to: AMG Funds c/o BNY Mellon Investment Servicing (US) Inc. PO Box 9769 Providence, RI 02940-9769 |
By telephone | Not available | If your account has already been established, call the transfer agent at 800.548.4539 | If you elected telephone redemption privileges on your account application, call us at 800.548.4539. Telephone redemptions are available only for redemptions of less than $100,000 for Class N and Class I shares and less than $250,000 for Class Z shares. |
Over the Internet | Not available | If
your account has already been established and ACH banking instructions are
on file, go to our website at www.amgfunds.com |
Go to our website at www.amgfunds. Internet redemptions are available only for redemptions of less than $100,000 for Class N and Class I shares and less than $250,000 for Class Z shares. |
By bank wire | Call us at 800.548.4539 for instructions | Call us at 800.548.4539 for instructions | Available if bank wire instructions are on file for your account |
* | Please indicate which class of shares you are buying or selling when you place your order. |
† | Redemptions of $100,000 and over for Class N and Class I shares and $250,000 and over for Class Z shares require a medallion signature guarantee. A medallion guarantee is a signature guarantee by a guarantor institution such as a bank, broker-dealer, credit union, national securities exchange, or savings association that is a recognized participant of the Securities Transfer Agents Medallion Program (STAMP) 2000. Telephone and Internet redemptions are available only for redemptions that are below $100,000 for Class N and Class I shares and below $250,000 for Class Z shares. |
AMG Funds | 41 |
Share Class | Initial Investment | Additional Investments |
Class N: | ||
• Regular Accounts | $2,000 | $100 |
• Individual Retirement Accounts | $1,000 | $100 |
Class I: | ||
• Regular Accounts | $100,000 | $100 |
• Individual Retirement Accounts | $25,000 | $100 |
Class Z: | ||
• Regular Accounts | $5,000,000 | $1,000 |
• Individual Retirement Accounts (Direct Accounts Only) | $50,000 | $1,000 |
42 | AMG Funds |
AMG Funds | 43 |
44 | AMG Funds |
AMG Funds | 45 |
For the fiscal years ended December 31, | ||||||||||
Class N | 2018 | 2017 1 | 2016 2 | 2015 | 2014 | |||||
Net Asset Value, Beginning of Year | $16.90 | $15.52 | $14.84 | $16.44 | $17.80 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment loss3,4 | (0.10) | (0.08) 5 | (0.06) 6 | (0.10) 7 | (0.08) 8 | |||||
Net realized and unrealized gain (loss) on investments | (0.70) | 3.32 | 1.28 | 0.27 | (0.40) | |||||
Total income (loss) from investment operations | (0.80) | 3.24 | 1.22 | 0.17 | (0.48) | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | — | — | (0.03) | — | — | |||||
Net realized gain on investments | (3.89) | (1.86) | (0.51) | (1.77) | (0.88) | |||||
Total distributions to shareholders | (3.89) | (1.86) | (0.54) | (1.77) | (0.88) | |||||
Net Asset Value, End of Year | $12.21 | $16.90 | $15.52 | $14.84 | $16.44 | |||||
Total Return4,9 | (4.38)% | 20.87% | 8.20% | 0.90% | (2.78)% | |||||
Ratio of net expenses to average net assets | 1.09% 10 | 1.23% 10 | 1.23% 10 | 1.22% 10 | 1.19% 10 | |||||
Ratio of gross expenses to average net assets11 | 1.10% | 1.24% | 1.24% | 1.23% | 1.22% | |||||
Ratio of net investment loss to average net assets4 | (0.55)% | (0.48)% | (0.38)% | (0.60)% | (0.47)% | |||||
Portfolio turnover | 63% | 58% | 62% | 71% | 48% | |||||
Net assets end of Year (000's) omitted | $99,996 | $318,627 | $313,713 | $272,609 | $320,512 |
For the fiscal year ended December 31, | For the fiscal period ended December 31, | |||
Class I | 2018 | 2017 12 | ||
Net Asset Value, Beginning of Period | $17.32 | $16.52 | ||
Income (loss) from Investment Operations: | ||||
Net investment loss3,4 | (0.09) | (0.05) 5 | ||
Net realized and unrealized gain (loss) on investments | (0.70) | 2.71 | ||
Total income (loss) from investment operations | (0.79) | 2.66 | ||
Less Distributions to Shareholders from: | ||||
Net realized gain on investments | (3.89) | (1.86) | ||
Total distributions to shareholders | (3.89) | (1.86) | ||
Net Asset Value, End of Period | $12.64 | $17.32 | ||
Total Return4,9 | (4.21)% | 16.11% 13 | ||
Ratio of net expenses to average net assets | 1.00% 14 | 1.10% 14,15 | ||
Ratio of gross expenses to average net assets11 | 1.01% | 1.11% 15 | ||
Ratio of net investment loss to average net assets4 | (0.46)% | (0.35)% 15 | ||
Portfolio turnover | 63% | 58% | ||
Net assets end of Period (000's) omitted | $174,914 | $2,065 |
AMG Funds | 47 |
For the fiscal years ended December 31, | ||||||||||
Class Z | 2018 | 2017 1 | 2016 2 | 2015 | 2014 | |||||
Net Asset Value, Beginning of Year | $17.33 | $15.84 | $15.14 | $16.75 | $18.08 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment loss3,4 | (0.08) | (0.05) 5 | (0.03) 6 | (0.07) 7 | (0.05) 8 | |||||
Net realized and unrealized gain (loss) on investments | (0.71) | 3.40 | 1.31 | 0.26 | (0.39) | |||||
Total income (loss) from investment operations | (0.79) | 3.35 | 1.28 | 0.19 | (0.44) | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | — | — | (0.06) | — | — | |||||
Net realized gain on investments | (3.89) | (1.86) | (0.52) | (1.80) | (0.89) | |||||
Total distributions to shareholders | (3.89) | (1.86) | (0.58) | (1.80) | (0.89) | |||||
Net Asset Value, End of Year | $12.65 | $17.33 | $15.84 | $15.14 | $16.75 | |||||
Total Return4,9 | (4.21)% | 21.14% | 8.45% | 1.03% | (2.48)% | |||||
Ratio of net expenses to average net assets | 0.96% 10 | 1.03% 10 | 1.03% 10 | 1.02% 10 | 1.01% 10 | |||||
Ratio of gross expenses to average net assets11 | 0.97% | 1.04% | 1.04% | 1.03% | 1.04% | |||||
Ratio of net investment loss to average net assets4 | (0.42)% | (0.28)% | (0.20)% | (0.40)% | (0.29)% | |||||
Portfolio turnover | 63% | 58% | 62% | 71% | 48% | |||||
Net assets end of Year (000's) omitted | $601,789 | $866,289 | $766,180 | $806,745 | $768,312 |
1 | Effective February 27, 2017, the Class I and Class S were renamed Class Z and Class N, respectively. |
2 | Effective October 1, 2016, the Institutional Class and Premier Class were renamed Class I and Class S, respectively. |
3 | Per share numbers have been calculated using average shares. |
4 | Total returns and net investment income would have been lower had certain expenses not been offset. |
5 | Includes non-recurring dividends. Without these dividends, net investment loss per share would have been $(0.12), $(0.09), and $(0.09) for Class N, Class I and Class Z, respectively. |
6 | Includes non-recurring dividends. Without these dividends, net investment loss per share would have been $(0.08) and $(0.05) for Class N and Class Z, respectively. |
7 | Includes non-recurring dividends. Without these dividends, net investment loss per share would have been $(0.12) and $(0.09) for Class N and Class Z, respectively. |
8 | Includes non-recurring dividends. Without these dividends, net investment loss per share would have been $(0.12) and $(0.10) for Class N and Class Z, respectively. |
9 | The total return is calculated using the published Net Asset Value as of fiscal year end. |
10 | Includes reduction from broker recapture amounting to 0.01%, 0.01%, 0.01%, 0.01% and 0.03% for the fiscal years ended 2018, 2017, 2016, 2015 and 2014, respectively. |
11 | Excludes the impact of expense reimbursement or fee waivers and expense reductions such as brokerage credits, but includes expense repayments and non-reimbursable expenses, if any, such as interest, taxes, and extraordinary expenses. |
12 | Commencement of operations was on February 27, 2017. |
13 | Not annualized. |
14 | Includes reduction from broker recapture amounting to 0.01% for the fiscal year ended 2018 and 0.01% for the fiscal period ended 2017. |
15 | Annualized. |
48 | AMG Funds |
For the fiscal years ended December 31, | ||||||||||
Class N | 2018 | 2017 1 | 2016 2 | 2015 | 2014 | |||||
Net Asset Value, Beginning of Year | $18.40 | $17.26 | $17.02 | $18.24 | $18.23 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment loss3,4 | (0.08) | (0.12) 5 | (0.06) 6 | (0.07) 7 | (0.06) 7 | |||||
Net realized and unrealized gain (loss) on investments | (0.78) | 3.98 | 1.31 | 0.17 | 1.00 | |||||
Total income (loss) from investment operations | (0.86) | 3.86 | 1.25 | 0.10 | 0.94 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net realized gain on investments | (2.54) | (2.72) | (1.01) | (1.32) | (0.93) | |||||
Total distributions to shareholders | (2.54) | (2.72) | (1.01) | (1.32) | (0.93) | |||||
Net Asset Value, End of Year | $15.00 | $18.40 | $17.26 | $17.02 | $18.24 | |||||
Total Return4,8 | (4.55)% | 22.40% | 7.26% | 0.49% | 5.12% | |||||
Ratio of net expenses to average net assets | 1.17% 9 | 1.23% 9 | 1.23% 9 | 1.22% 9 | 1.22% 9 | |||||
Ratio of gross expenses to average net assets10 | 1.18% | 1.24% | 1.24% | 1.23% | 1.24% | |||||
Ratio of net investment loss to average net assets4 | (0.39)% | (0.66)% | (0.36)% | (0.37)% | (0.34)% | |||||
Portfolio turnover | 59% | 54% | 47% | 47% | 43% | |||||
Net assets end of Year (000's) omitted | $375,505 | $519,337 | $815,473 | $867,245 | $916,541 |
For the fiscal year ended December 31, | For the fiscal period ended December 31, | |||
Class I | 2018 | 2017 11 | ||
Net Asset Value, Beginning of Period | $18.86 | $18.73 | ||
Income (loss) from Investment Operations: | ||||
Net investment loss3,4 | (0.05) | (0.09) 5 | ||
Net realized and unrealized gain (loss) on investments | (0.81) | 2.94 | ||
Total income (loss) from investment operations | (0.86) | 2.85 | ||
Less Distributions to Shareholders from: | ||||
Net realized gain on investments | (2.54) | (2.72) | ||
Total distributions to shareholders | (2.54) | (2.72) | ||
Net Asset Value, End of Period | $15.46 | $18.86 | ||
Total Return4,8 | (4.45)% | 15.24% 12 | ||
Ratio of net expenses to average net assets | 1.02% 13 | 1.08% 13,14 | ||
Ratio of gross expenses to average net assets10 | 1.03% | 1.09% 14 | ||
Ratio of net investment loss to average net assets4 | (0.24)% | (0.52)% 14 | ||
Portfolio turnover | 59% | 54% | ||
Net assets end of Period (000's) omitted | $353,282 | $397,061 |
AMG Funds | 49 |
For the fiscal years ended December 31, | ||||||||||
Class Z | 2018 | 2017 1 | 2016 2 | 2015 | 2014 | |||||
Net Asset Value, Beginning of Year | $18.87 | $17.61 | $17.33 | $18.54 | $18.49 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment loss3,4 | (0.04) | (0.09) 5 | (0.03) 6 | (0.03) 7 | (0.02) 7 | |||||
Net realized and unrealized gain (loss) on investments | (0.81) | 4.07 | 1.35 | 0.16 | 1.02 | |||||
Total income (loss) from investment operations | (0.85) | 3.98 | 1.32 | 0.13 | 1.00 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | — | — | (0.01) | — | — | |||||
Net realized gain on investments | (2.54) | (2.72) | (1.03) | (1.34) | (0.95) | |||||
Total distributions to shareholders | (2.54) | (2.72) | (1.04) | (1.34) | (0.95) | |||||
Net Asset Value, End of Year | $15.48 | $18.87 | $17.61 | $17.33 | $18.54 | |||||
Total Return4,8 | (4.39)% | 22.63% | 7.53% | 0.67% | 5.34% | |||||
Ratio of net expenses to average net assets | 0.97% 9 | 1.03% 9 | 1.03% 9 | 1.02% 9 | 1.03% 9 | |||||
Ratio of gross expenses to average net assets10 | 0.98% | 1.04% | 1.04% | 1.03% | 1.04% | |||||
Ratio of net investment loss to average net assets4 | (0.19)% | (0.46)% | (0.16)% | (0.17)% | (0.12)% | |||||
Portfolio turnover | 59% | 54% | 47% | 47% | 43% | |||||
Net assets end of Year (000's) omitted | $948,380 | $1,171,466 | $1,026,198 | $1,283,161 | $1,542,214 |
1 | Effective February 27, 2017, the Class I and Class S were renamed Class Z and Class N, respectively. |
2 | Effective October 1, 2016, the Institutional Class and Premier Class were renamed Class I and Class S, respectively. |
3 | Per share numbers have been calculated using average shares. |
4 | Total returns and net investment income would have been lower had certain expenses not been offset. |
5 | Includes non-recurring dividends. Without these dividends, net investment loss per share would have been $(0.14), $(0.11) and $(0.11) for Class N, Class I and Class Z, respectively. |
6 | Includes non-recurring dividends. Without these dividends, net investment loss per share would have been $(0.07) and $(0.04) for Class N and Class Z, respectively. |
7 | Includes non-recurring dividends. Without these dividends, net investment loss per share would have been $(0.08) and $(0.04) for Class N and Class Z, respectively. |
8 | The total return is calculated using the published Net Asset Value as of fiscal year end. |
9 | Includes reduction from broker recapture amounting to 0.01% for each fiscal year ended 2018, 2017, 2016, 2015 and 2014. |
10 | Excludes the impact of expense reimbursement or fee waivers and expense reductions such as brokerage credits, but includes expense repayments and non-reimbursable expenses, if any, such as interest, taxes, and extraordinary expenses. |
11 | Commencement of operations was on February 27, 2017. |
12 | Not annualized. |
13 | Includes reduction from broker recapture amounting to 0.01% for the fiscal year ended 2018 and 0.01% for the fiscal period ended 2017. |
14 | Annualized. |
50 | AMG Funds |
For the fiscal years ended December 31, | ||||||||||
Class N | 2018 | 2017 1 | 2016 2 | 2015 | 2014 | |||||
Net Asset Value, Beginning of Year | $16.99 | $12.35 | $12.65 | $11.79 | $11.98 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment income3,4 | 0.18 | 0.08 5 | 0.04 | 0.05 | 0.11 | |||||
Net realized and unrealized gain (loss) on investments | (4.35) | 4.69 | (0.11) | 1.43 | 0.11 | |||||
Total income (loss) from investment operations | (4.17) | 4.77 | (0.07) | 1.48 | 0.22 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.10) | (0.06) | (0.07) | (0.17) | (0.14) | |||||
Net realized gain on investments | — | (0.07) | (0.16) | (0.45) | (0.27) | |||||
Total distributions to shareholders | (0.10) | (0.13) | (0.23) | (0.62) | (0.41) | |||||
Net Asset Value, End of Year | $12.72 | $16.99 | $12.35 | $12.65 | $11.79 | |||||
Total Return4 | (24.54)% 6 | 38.63% 6 | (0.55)% 6 | 12.51% 6 | 1.89% | |||||
Ratio of net expenses to average net assets | 1.23% | 1.29% | 1.30% | 1.30% | 1.30% | |||||
Ratio of gross expenses to average net assets7 | 1.23% | 1.30% | 1.39% | 1.59% | 4.47% | |||||
Ratio of net investment income to average net assets4 | 1.07% | 0.53% | 0.32% | 0.37% | 0.90% | |||||
Portfolio turnover | 46% | 48% | 58% | 95% | 61% | |||||
Net assets end of Year (000's) omitted | $88,913 | $238,935 | $28,864 | $337 | $33 |
For the fiscal year ended December 31, | For the fiscal period ended December 31, | |||
Class I | 2018 | 2017 8 | ||
Net Asset Value, Beginning of Period | $17.08 | $13.18 | ||
Income (loss) from Investment Operations: | ||||
Net investment income3,4 | 0.20 | 0.11 5 | ||
Net realized and unrealized gain (loss) on investments | (4.37) | 3.94 | ||
Total income (loss) from investment operations | (4.17) | 4.05 | ||
Less Distributions to Shareholders from: | ||||
Net investment income | (0.17) | (0.08) | ||
Net realized gain on investments | — | (0.07) | ||
Total distributions to shareholders | (0.17) | (0.15) | ||
Net Asset Value, End of Period | $12.74 | $17.08 | ||
Total Return4 | (24.42)% 6 | 30.72% 6,9 | ||
Ratio of net expenses to average net assets | 1.06% | 1.09% 10 | ||
Ratio of gross expenses to average net assets7 | 1.06% | 1.10% 10 | ||
Ratio of net investment income to average net assets4 | 1.24% | 0.77% 10 | ||
Portfolio turnover | 46% | 48% | ||
Net assets end of Period (000's) omitted | $538,749 | $182,528 |
AMG Funds | 51 |
For the fiscal years ended December 31, | ||||||||||
Class Z | 2018 | 2017 1 | 2016 2 | 2015 | 2014 | |||||
Net Asset Value, Beginning of Year | $17.08 | $12.41 | $12.69 | $11.82 | $11.98 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment income3,4 | 0.21 | 0.11 5 | 0.28 | 0.13 | 0.14 | |||||
Net realized and unrealized gain (loss) on investments | (4.36) | 4.71 | (0.32) | 1.38 | 0.12 | |||||
Total income (loss) from investment operations | (4.15) | 4.82 | (0.04) | 1.51 | 0.26 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.18) | (0.08) | (0.08) | (0.19) | (0.14) | |||||
Net realized gain on investments | — | (0.07) | (0.16) | (0.45) | (0.28) | |||||
Total distributions to shareholders | (0.18) | (0.15) | (0.24) | (0.64) | (0.42) | |||||
Net Asset Value, End of Year | $12.75 | $17.08 | $12.41 | $12.69 | $11.82 | |||||
Total Return4 | (24.29)% 6 | 38.86% 6 | (0.29)% 6 | 12.78% 6 | 2.15% | |||||
Ratio of net expenses to average net assets | 0.98% | 1.04% | 1.05% | 1.05% | 1.05% | |||||
Ratio of gross expenses to average net assets7 | 0.98% | 1.05% | 1.19% | 1.30% | 4.17% | |||||
Ratio of net investment income to average net assets4 | 1.32% | 0.70% | 2.23% | 1.04% | 1.13% | |||||
Portfolio turnover | 46% | 48% | 58% | 95% | 61% | |||||
Net assets end of Year (000's) omitted | $372,085 | $252,951 | $99,533 | $30,119 | $3,045 |
1 | Effective February 27, 2017, the Class I and Class S were renamed Class Z and Class N, respectively. |
2 | Effective October 1, 2016, the Institutional Class and Premier Class were renamed Class I and Class S, respectively. |
3 | Per share numbers have been calculated using average shares. |
4 | Total returns and net investment income would have been lower had certain expenses not been offset. |
5 | Includes non-recurring dividends. Without these dividends, net investment income per share would have been $0.02, $0.05 and $0.05 for Class N, Class I and Class Z, respectively. |
6 | The total return is calculated using the published Net Asset Value as of fiscal year end. |
7 | Excludes the impact of expense reimbursement or fee waivers and expense reductions such as brokerage credits, but includes expense repayments and non-reimbursable expenses, if any, such as interest, taxes, and extraordinary expenses. |
8 | Commencement of operations was on February 27, 2017. |
9 | Not annualized. |
10 | Annualized. |
52 | AMG Funds |
For the fiscal year ended December 31, | For the fiscal period ended December 31, | |||
Class N | 2018 | 2017 1 | ||
Net Asset Value, Beginning of Period | $12.32 | $10.94 | ||
Income (loss) from Investment Operations: | ||||
Net investment income2,3 | 0.08 | 0.03 | ||
Net realized and unrealized gain (loss) on investments | (2.34) | 2.33 | ||
Total income (loss) from investment operations | (2.26) | 2.36 | ||
Less Distributions to Shareholders from: | ||||
Net investment income | (0.01) | (0.15) | ||
Net realized gain on investments | (0.56) | (0.83) | ||
Total distributions to shareholders | (0.57) | (0.98) | ||
Net Asset Value, End of Period | $9.49 | $12.32 | ||
Total Return3,4 | (18.30)% | 21.72% 5 | ||
Ratio of net expenses to average net assets | 1.67% | 1.65% 6 | ||
Ratio of gross expenses to average net assets7 | 3.87% | 5.02% 6 | ||
Ratio of net investment income to average net assets3 | 0.68% | 0.28% 6 | ||
Portfolio turnover | 84% | 81% | ||
Net assets end of Period (000's) omitted | $31 | $43 |
For the fiscal years ended December 31, | For the fiscal period ended December 31, | |||||
Class I | 2018 | 2017 | 2016 8 | |||
Net Asset Value, Beginning of Period | $12.35 | $10.05 | $10.00 | |||
Income (loss) from Investment Operations: | ||||||
Net investment income2,3 | 0.11 | 0.06 | 0.01 | |||
Net realized and unrealized gain (loss) on investments | (2.33) | 3.23 | 0.04 | |||
Total income (loss) from investment operations | (2.22) | 3.29 | 0.05 | |||
Less Distributions to Shareholders from: | ||||||
Net investment income | (0.06) | (0.16) | — | |||
Net realized gain on investments | (0.56) | (0.83) | — | |||
Total distributions to shareholders | (0.62) | (0.99) | — | |||
Net Asset Value, End of Period | $9.51 | $12.35 | $10.05 | |||
Total Return3,4 | (17.90)% | 32.85% | 0.50% 5 | |||
Ratio of net expenses to average net assets | 1.27% | 1.25% | 1.34% 6 | |||
Ratio of gross expenses to average net assets7 | 3.47% | 4.59% | 7.09% 6,9 | |||
Ratio of net investment income to average net assets3 | 1.08% | 0.53% | 1.27% 6 | |||
Portfolio turnover | 84% | 81% | 0% 5 | |||
Net assets end of Period (000's) omitted | $273 | $13 | $10 |
AMG Funds | 53 |
For the fiscal years ended December 31, | For the fiscal period ended December 31, | |||||
Class Z | 2018 | 2017 | 2016 8 | |||
Net Asset Value, Beginning of Period | $12.35 | $10.05 | $10.00 | |||
Income (loss) from Investment Operations: | ||||||
Net investment income2,3 | 0.12 | 0.06 | 0.01 | |||
Net realized and unrealized gain (loss) on investments | (2.34) | 3.23 | 0.04 | |||
Total income (loss) from investment operations | (2.22) | 3.29 | 0.05 | |||
Less Distributions to Shareholders from: | ||||||
Net investment income | (0.06) | (0.16) | — | |||
Net realized gain on investments | (0.56) | (0.83) | — | |||
Total distributions to shareholders | (0.62) | (0.99) | — | |||
Net Asset Value, End of Period | $9.51 | $12.35 | $10.05 | |||
Total Return3,4 | (17.90)% | 32.85% | 0.50% 5 | |||
Ratio of net expenses to average net assets | 1.27% | 1.25% | 1.34% 6 | |||
Ratio of gross expenses to average net assets7 | 3.47% | 4.59% | 7.09% 6,9 | |||
Ratio of net investment income to average net assets3 | 1.08% | 0.53% | 1.27% 6 | |||
Portfolio turnover | 84% | 81% | 0% 5 | |||
Net assets end of Period (000's) omitted | $5,513 | $6,850 | $4,237 |
1 | Commencement of operations was on February 27, 2017. |
2 | Per share numbers have been calculated using average shares. |
3 | Total returns and net investment income would have been lower had certain expenses not been offset. |
4 | The total return is calculated using the published Net Asset Value as of fiscal year end. |
5 | Not annualized. |
6 | Annualized. |
7 | Excludes the impact of expense reimbursement or fee waivers and expense reductions such as brokerage credits, but includes expense repayments and non-reimbursable expenses, if any, such as interest, taxes, and extraordinary expenses. |
8 | Commencement of operations was on December 15, 2016. |
9 | Ratio does not reflect the annualization of audit, excise tax and organization expenses. |
54 | AMG Funds |
For the fiscal period ended December 31, | ||
Class N | 2018 1 | |
Net Asset Value, Beginning of Period | $10.00 | |
Loss from Investment Operations: | ||
Net investment income2,3 | 0.00 4 | |
Net realized and unrealized loss on investments | (2.05) | |
Total loss from investment operations | (2.05) | |
Net Asset Value, End of Period | $7.95 | |
Total Return3,5 | (20.50)% 6 | |
Ratio of net expenses to average net assets | 1.25% 7 | |
Ratio of gross expenses to average net assets8 | 11.67% 7,9 | |
Ratio of net investment income to average net assets3 | 0.07% 7 | |
Portfolio turnover | 22% 6 | |
Net assets end of Period (000's) omitted | $24 |
For the fiscal period ended December 31, | ||
Class I | 2018 1 | |
Net Asset Value, Beginning of Period | $10.00 | |
Income (loss) from Investment Operations: | ||
Net investment income2,3 | 0.02 | |
Net realized and unrealized loss on investments | (2.06) | |
Total loss from investment operations | (2.04) | |
Net Asset Value, End of Period | $7.96 | |
Total Return3,5 | (20.40)% 6 | |
Ratio of net expenses to average net assets | 1.00% 7 | |
Ratio of gross expenses to average net assets8 | 11.42% 7,9 | |
Ratio of net investment income to average net assets3 | 0.32% 7 | |
Portfolio turnover | 22% 6 | |
Net assets end of Period (000's) omitted | $24 |
For the fiscal period ended December 31, | ||
Class Z | 2018 1 | |
Net Asset Value, Beginning of Period | $10.00 | |
Income (loss) from Investment Operations: | ||
Net investment income2,3 | 0.02 | |
Net realized and unrealized loss on investments | (2.06) | |
Total loss from investment operations | (2.04) | |
Net Asset Value, End of Period | $7.96 | |
Total Return3,5 | (20.40)% 6 | |
Ratio of net expenses to average net assets | 1.00% 7 | |
Ratio of gross expenses to average net assets8 | 11.42% 7,9 | |
Ratio of net investment income to average net assets3 | 0.32% 7 | |
Portfolio turnover | 22% 6 | |
Net assets end of Period (000's) omitted | $1,443 |
AMG Funds | 55 |
1 | Commencement of operations was on May 31, 2018. |
2 | Per share numbers have been calculated using average shares. |
3 | Total returns and net investment income would have been lower had certain expenses not been offset. |
4 | Less than $0.005 or $(0.005) per share. |
5 | The total return is calculated using the published Net Asset Value as of period end. |
6 | Not annualized. |
7 | Annualized. |
8 | Excludes the impact of expense reimbursement or fee waivers and expense reductions such as brokerage credits, but includes expense repayments and non-reimbursable expenses, if any, such as interest, taxes, and extraordinary expenses. |
9 | Ratio does not reflect the annualization of audit, registration and organization expenses. |
56 | AMG Funds |
AMG Funds | 57 |