Class N: YAFFX | Class I: YAFIX |
Class I: YACKX |
Class I: YFSIX | Class N: YFSNX |
Class I: YASSX | Class Z: YASLX |
10 | AMG Funds |
AMG Funds | 13 |
18 | AMG Funds |
• | Looking to gain exposure to domestic and foreign equity securities and debt securities; |
• | Seeking long-term capital appreciation; |
• | Willing to accept short-term volatility of returns. |
AMG Funds | 19 |
20 | AMG Funds |
• | Looking to gain exposure to domestic and foreign equity securities and debt securities; |
• | Seeking long-term capital appreciation; |
• | Willing to accept short-term volatility of returns. |
AMG Funds | 21 |
22 | AMG Funds |
• | Looking to gain exposure to domestic and foreign equity securities and debt securities; |
• | Seeking to generate equity-like rates of return over a full market cycle while managing the level of risk; |
• | Willing to accept short-term volatility of returns. |
AMG Funds | 23 |
24 | AMG Funds |
• | Looking to gain exposure primarily to domestic and foreign equity securities and debt securities; |
• | Seeking long-term capital appreciation; |
• | Willing to accept short-term volatility of returns. |
AMG Funds | 25 |
AMG Funds | 27 |
28 | AMG Funds |
AMG Funds | 29 |
30 | AMG Funds |
AMG Funds | 31 |
Fund Name | Portfolio Manager | Managed Fund Since | Managed Predecessor Fund Since |
AMG Yacktman Focused Fund | Stephen
A. Yacktman Jason S. Subotky Adam P. Sues |
June
2012 June 2012 May 2021 |
December
2002 December 2009 N/A |
AMG Yacktman Fund | Stephen
A. Yacktman Jason S. Subotky Adam P. Sues |
June
2012 June 2012 May 2021 |
December
2002 December 2009 N/A |
32 | 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.com. 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 | 37 |
Share Class | Initial Investment | Additional Investments | ||
Class N (AMG Yacktman Focused Fund and AMG Yacktman Global Fund): | ||||
• 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 (AMG Yacktman Special Opportunities Fund only): | ||||
• Regular Accounts | $5,000,000 | $1,000 | ||
• Individual Retirement Accounts (Direct Accounts Only) | $50,000 | $1,000 |
38 | AMG Funds |
For the fiscal years ended December 31, | ||||||||||
Class N | 2021 | 2020 | 2019 | 2018 | 20171 | |||||
Net Asset Value, Beginning of Year | $19.09 | $18.25 | $17.78 | $21.13 | $19.69 | |||||
Income from Investment Operations: | ||||||||||
Net investment income2,3 | 0.144 | 0.15 | 0.23 | 0.28 | 0.19 | |||||
Net realized and unrealized gain on investments | 2.98 | 2.95 | 3.13 | 0.31 | 3.75 | |||||
Total income from investment operations | 3.12 | 3.10 | 3.36 | 0.59 | 3.94 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.16) | (0.15) | (0.25) | (0.31) | (0.21) | |||||
Net realized gain on investments | (0.84) | (2.11) | (2.64) | (3.63) | (2.29) | |||||
Total distributions to shareholders | (1.00) | (2.26) | (2.89) | (3.94) | (2.50) | |||||
Net Asset Value, End of Year | $21.21 | $19.09 | $18.25 | $17.78 | $21.13 | |||||
Total Return3,5 | 16.45% | 17.26% | 19.13% | 2.88% | 20.03% | |||||
Ratio of net expenses to average net assets | 1.25%6 | 1.24% | 1.24% | 1.23% | 1.22% | |||||
Ratio of gross expenses to average net assets7 | 1.25%6 | 1.26% | 1.26% | 1.24% | 1.23% | |||||
Ratio of net investment income to average net assets3 | 0.68% | 0.85% | 1.20% | 1.30% | 0.89% | |||||
Portfolio turnover | 19% | 33% | 31% | 16% | 2% | |||||
Net assets end of Year (000's) omitted | $2,158,777 | $1,943,998 | $2,078,758 | $2,166,407 | $2,803,230 |
For the fiscal years ended December 31, | ||||||||||
Class I | 2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net Asset Value, Beginning of Year | $19.03 | $18.19 | $17.74 | $21.09 | $19.66 | |||||
Income from Investment Operations: | ||||||||||
Net investment income2,3 | 0.184 | 0.18 | 0.27 | 0.32 | 0.23 | |||||
Net realized and unrealized gain on investments | 2.96 | 2.96 | 3.11 | 0.32 | 3.74 | |||||
Total income from investment operations | 3.14 | 3.14 | 3.38 | 0.64 | 3.97 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.20) | (0.19) | (0.29) | (0.36) | (0.25) | |||||
Net realized gain on investments | (0.84) | (2.11) | (2.64) | (3.63) | (2.29) | |||||
Total distributions to shareholders | (1.04) | (2.30) | (2.93) | (3.99) | (2.54) | |||||
Net Asset Value, End of Year | $21.13 | $19.03 | $18.19 | $17.74 | $21.09 | |||||
Total Return3,5 | 16.62% | 17.52% | 19.30% | 3.11% | 20.25% | |||||
Ratio of net expenses to average net assets | 1.06% | 1.06% | 1.06% | 1.05% | 1.05% | |||||
Ratio of gross expenses to average net assets7 | 1.06% | 1.07% | 1.07% | 1.06% | 1.06% | |||||
Ratio of net investment income to average net assets3 | 0.87% | 1.04% | 1.39% | 1.48% | 1.06% | |||||
Portfolio turnover | 19% | 33% | 31% | 16% | 2% | |||||
Net assets end of Year (000's) omitted | $2,309,078 | $1,695,239 | $1,554,975 | $1,292,079 | $1,578,775 |
AMG Funds | 43 |
1 | Effective October 27, 2017, Class S was renamed Class N. |
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 | Includes non-recurring dividends. Without these dividends, net investment income per share would have been $0.09 and $0.13 for Class N and Class I, respectively. |
5 | The total return is calculated using the published Net Asset Value as of fiscal year end. |
6 | Such ratio includes recapture of waived/reimbursed fees from prior periods amounting to 0.01%. |
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. |
44 | AMG Funds |
For the fiscal years ended December 31, | ||||||||||
Class I | 2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net Asset Value, Beginning of Year | $21.26 | $20.48 | $19.05 | $22.85 | $21.39 | |||||
Income from Investment Operations: | ||||||||||
Net investment income1,2 | 0.263 | 0.27 | 0.35 | 0.40 | 0.32 | |||||
Net realized and unrealized gain on investments | 3.89 | 2.81 | 2.99 | 0.20 | 3.58 | |||||
Total income from investment operations | 4.15 | 3.08 | 3.34 | 0.60 | 3.90 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.27) | (0.28) | (0.37) | (0.44) | (0.34) | |||||
Net realized gain on investments | (0.64) | (2.02) | (1.54) | (3.96) | (2.10) | |||||
Total distributions to shareholders | (0.91) | (2.30) | (1.91) | (4.40) | (2.44) | |||||
Net Asset Value, End of Year | $24.50 | $21.26 | $20.48 | $19.05 | $22.85 | |||||
Total Return2,4 | 19.63% | 15.28% | 17.66% | 2.69% | 18.23% | |||||
Ratio of net expenses to average net assets | 0.70% | 0.70% | 0.70% | 0.70% | 0.71% | |||||
Ratio of gross expenses to average net assets5 | 0.70% | 0.71% | 0.71% | 0.71% | 0.72% | |||||
Ratio of net investment income to average net assets2 | 1.09% | 1.38% | 1.70% | 1.70% | 1.38% | |||||
Portfolio turnover | 15% | 27% | 35% | 12% | 2% | |||||
Net assets end of Year (000's) omitted | $9,475,623 | $7,636,139 | $8,242,523 | $7,110,981 | $8,722,375 |
1 | Per share numbers have been calculated using average shares. |
2 | Total returns and net investment income would have been lower had certain expenses not been offset. |
3 | Includes non-recurring dividends. Without these dividends, net investment income per share would have been $0.21. |
4 | The total return is calculated using the published Net Asset Value as of fiscal year end. |
5 | 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. |
AMG Funds | 45 |
For the fiscal years ended December 31, | For
the fiscal period ended December 31, | |||||||||
Class N | 2021 | 2020 | 2019 | 2018 | 20171 | |||||
Net Asset Value, Beginning of Period | $15.69 | $13.90 | $11.94 | $11.77 | $10.00 | |||||
Income from Investment Operations: | ||||||||||
Net investment income2,3 | 0.194 | 0.18 | 0.17 | 0.26 | 0.14 | |||||
Net realized and unrealized gain on investments | 1.80 | 2.35 | 2.37 | 0.005 | 1.94 | |||||
Total income from investment operations | 1.99 | 2.53 | 2.54 | 0.26 | 2.08 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.55) | (0.23) | (0.25) | (0.07) | (0.22) | |||||
Net realized gain on investments | (0.77) | (0.51) | (0.33) | (0.02) | (0.09) | |||||
Total distributions to shareholders | (1.32) | (0.74) | (0.58) | (0.09) | (0.31) | |||||
Net Asset Value, End of Period | $16.36 | $15.69 | $13.90 | $11.94 | $11.77 | |||||
Total Return3,6 | 12.96% | 18.32% | 21.40% | 2.17% | 20.81%7 | |||||
Ratio of net expenses to average net assets | 1.16%8 | 1.19% | 1.12% | 1.08% | 1.08%9 | |||||
Ratio of gross expenses to average net assets10 | 1.18%8 | 1.25% | 1.22% | 1.82% | 3.77%11 | |||||
Ratio of net investment income to average net assets3 | 1.12% | 1.40% | 1.28% | 2.14% | 1.35%9 | |||||
Portfolio turnover | 17% | 27% | 23% | 2% | 12%7 | |||||
Net assets end of Period (000's) omitted | $775 | $431 | $183 | $76 | $17 |
For the fiscal years ended December 31, | For
the fiscal period ended December 31, | |||||||||
Class I | 2021 | 2020 | 2019 | 2018 | 20171 | |||||
Net Asset Value, Beginning of Period | $15.69 | $13.89 | $11.94 | $11.77 | $10.00 | |||||
Income from Investment Operations: | ||||||||||
Net investment income2,3 | 0.224 | 0.20 | 0.17 | 0.26 | 0.14 | |||||
Net realized and unrealized gain on investments | 1.79 | 2.35 | 2.36 | 0.005 | 1.94 | |||||
Total income from investment operations | 2.01 | 2.55 | 2.53 | 0.26 | 2.08 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.57) | (0.24) | (0.25) | (0.07) | (0.22) | |||||
Net realized gain on investments | (0.77) | (0.51) | (0.33) | (0.02) | (0.09) | |||||
Total distributions to shareholders | (1.34) | (0.75) | (0.58) | (0.09) | (0.31) | |||||
Net Asset Value, End of Period | $16.36 | $15.69 | $13.89 | $11.94 | $11.77 | |||||
Total Return3,6 | 13.08% | 18.47% | 21.32% | 2.17% | 20.81%7 | |||||
Ratio of net expenses to average net assets | 1.00%8 | 1.08% | 1.08% | 1.08% | 1.08%9 | |||||
Ratio of gross expenses to average net assets10 | 1.02%8 | 1.15% | 1.19% | 1.82% | 3.77%11 | |||||
Ratio of net investment income to average net assets3 | 1.28% | 1.51% | 1.31% | 2.14% | 1.35%9 | |||||
Portfolio turnover | 17% | 27% | 23% | 2% | 12%7 | |||||
Net assets end of Period (000's) omitted | $170,316 | $132,758 | $96,041 | $59,936 | $1,392 |
46 | AMG Funds |
1 | Commencement of operations was on January 30, 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 | Includes non-recurring dividends. Without these dividends, net investment income per share would have been $0.15 and $0.17 for Class N and Class I, respectively. |
5 | Less than $0.005 per share. |
6 | The total return is calculated using the published Net Asset Value as of fiscal year end. |
7 | Not annualized. |
8 | Such ratio includes recapture of waived/reimbursed fees from prior periods amounting to less than 0.01%. |
9 | Annualized. |
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 | Ratio does not reflect the annualization of audit, excise tax and organization expenses. |
AMG Funds | 47 |
For the fiscal years ended December 31, | ||||||||||
Class I | 2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net Asset Value, Beginning of Year | $11.02 | $10.04 | $9.82 | $12.03 | $9.37 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment income (loss)1,2 | (0.01) | 0.203 | 0.24 | 0.16 | 0.064 | |||||
Net realized and unrealized gain (loss) on investments | 2.65 | 1.06 | 0.73 | (1.41) | 3.18 | |||||
Total income (loss) from investment operations | 2.64 | 1.26 | 0.97 | (1.25) | 3.24 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.15) | (0.23) | (0.21) | (0.11) | (0.14) | |||||
Net realized gain on investments | (0.35) | (0.05) | (0.54) | (0.85) | (0.44) | |||||
Total distributions to shareholders | (0.50) | (0.28) | (0.75) | (0.96) | (0.58) | |||||
Net Asset Value, End of Year | $13.16 | $11.02 | $10.04 | $9.82 | $12.03 | |||||
Total Return2,5 | 24.30% | 12.66% | 10.20% | (10.26)% | 34.67% | |||||
Ratio of net expenses to average net assets6 | 2.29%7 | 1.14% | 1.29% | 1.84% | 2.33% | |||||
Ratio of gross expenses to average net assets6,8 | 2.29%7 | 1.23% | 1.47% | 2.03% | 2.59% | |||||
Ratio of net investment income (loss) to average net assets2,6 | (0.09)% | 2.27% | 2.32% | 1.38% | 0.50% | |||||
Portfolio turnover | 21% | 37% | 24% | 30% | 36% | |||||
Net assets end of Year (000's) omitted | $33,912 | $13,881 | $11,701 | $7,678 | $8,377 |
For the fiscal years ended December 31, | ||||||||||
Class Z | 2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net Asset Value, Beginning of Year | $11.04 | $10.06 | $9.84 | $12.05 | $9.38 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment income1,2 | 0.009 | 0.213 | 0.25 | 0.17 | 0.074 | |||||
Net realized and unrealized gain (loss) on investments | 2.67 | 1.06 | 0.72 | (1.40) | 3.19 | |||||
Total income (loss) from investment operations | 2.67 | 1.27 | 0.97 | (1.23) | 3.26 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.16) | (0.24) | (0.21) | (0.13) | (0.15) | |||||
Net realized gain on investments | (0.35) | (0.05) | (0.54) | (0.85) | (0.44) | |||||
Total distributions to shareholders | (0.51) | (0.29) | (0.75) | (0.98) | (0.59) | |||||
Net Asset Value, End of Year | $13.20 | $11.04 | $10.06 | $9.84 | $12.05 | |||||
Total Return2,5 | 24.42% | 12.83% | 10.27% | (10.14)% | 34.81% | |||||
Ratio of net expenses to average net assets6 | 2.19%7 | 1.04% | 1.19% | 1.74% | 2.23% | |||||
Ratio of gross expenses to average net assets6,8 | 2.19%7 | 1.13% | 1.37% | 1.93% | 2.49% | |||||
Ratio of net investment income to average net assets2,6 | 0.01% | 2.37% | 2.42% | 1.48% | 0.60% | |||||
Portfolio turnover | 21% | 37% | 24% | 30% | 36% | |||||
Net assets end of Year (000's) omitted | $78,197 | $64,908 | $47,981 | $29,153 | $29,334 |
1 | Per share numbers have been calculated using average shares. |
2 | Total returns and net investment income (loss) would have been lower had certain expenses not been offset. |
3 | Includes non-recurring dividends. Without these dividends, net investment income per share would have been $0.17 and $0.18 for Class I and Class Z, respectively. |
4 | Includes non-recurring dividends. Without these dividends, net investment income per share would have been $0.04 and $0.05 for Class I and Class Z, respectively. |
5 | The total return is calculated using the published Net Asset Value as of fiscal year end. |
6 | Includes a performance adjustment amounting to 0.55%, (0.60)%, (0.45)%, 0.10% and 0.59% for the fiscal years ended 2021, 2020, 2019, 2018 and 2017, respectively. |
7 | Such ratio includes recapture of waived/reimbursed fees from prior periods amounting to 0.01%. |
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 | Less than $0.005 per share. |
48 | AMG Funds |
AMG Funds | 49 |