Class
N: YAFFX |
Class
I: YAFIX |
Class
I: YACKX |
|
Class
I: YFSIX |
Class
N: YFSNX |
Class
I: YASSX |
Class
Z: YASLX |
|
|
3 | |
3 | |
7 | |
11 | |
15 | |
|
|
20 | |
20 | |
22 | |
24 | |
26 | |
28 | |
33 | |
33 | |
|
|
36 | |
36 | |
36 | |
37 | |
38 | |
39 | |
42 | |
43 | |
|
|
45 | |
45 | |
47 | |
48 | |
49 | |
|
|
50 |
|
Class
N |
Class
I |
Management
Fee |
% |
% |
Distribution
and Service (12b-1) Fees |
|
|
Other
Expenses |
% |
% |
Total
Annual Fund Operating Expenses |
% |
% |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N |
$ |
$ |
$ |
$ |
Class
I |
$ |
$ |
$ |
$ |
Average
Annual Total Returns as of
12/31/23 | |||
AMG
Yacktman Focused Fund |
1
Year |
5
Years |
10
Years |
Class
N
Return
Before Taxes |
|
|
|
Class
N
Return
After Taxes on Distributions |
|
|
|
Class
N
Return
After Taxes on Distributions and
Sale
of Fund Shares |
|
|
|
Class
I
Return
Before Taxes |
|
|
|
Average
Annual Total Returns as of 12/31/23 (continued) | |||
AMG
Yacktman Focused Fund |
1
Year |
5
Years |
10
Years |
Russell
1000® Value Index
(reflects
no deduction for fees,
expenses,
or taxes) |
|
|
|
S&P
500® Index
(reflects
no deduction for fees,
expenses,
or taxes) |
|
|
|
|
Class
I |
Management
Fee |
% |
Distribution
and Service (12b-1) Fees |
|
Other
Expenses |
% |
Total
Annual Fund Operating Expenses1 |
% |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
I |
$ |
$ |
$ |
$ |
Average
Annual Total Returns as of
12/31/23 | |||
AMG
Yacktman Fund |
1
Year |
5
Years |
10
Years |
Class
I
Return
Before Taxes |
|
|
|
Class
I
Return
After Taxes on Distributions |
|
|
|
Class
I
Return
After Taxes on Distributions and
Sale
of Fund Shares |
|
|
|
Russell
1000® Value Index
(reflects
no deduction for fees,
expenses,
or taxes) |
|
|
|
Average
Annual Total Returns as of 12/31/23 (continued) | |||
AMG
Yacktman Fund |
1
Year |
5
Years |
10
Years |
S&P
500® Index
(reflects
no deduction for fees,
expenses,
or taxes) |
|
|
|
|
Class
N |
Class
I |
Management
Fee |
% |
% |
Distribution
and Service (12b-1) Fees |
|
|
Other
Expenses |
% |
% |
Total
Annual Fund Operating Expenses |
% |
% |
Fee
Waiver and Expense Reimbursements1 |
( |
( |
Total
Annual Fund Operating Expenses After Fee
Waiver and Expense Reimbursements1
|
% |
% |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N |
$ |
$ |
$ |
$ |
Class
I |
$ |
$ |
$ |
$ |
Average
Annual Total Returns as of
12/31/23 | |||
AMG
Yacktman Global Fund |
1
Year |
5
Years |
Since
Inception1
|
Class
N
Return
Before Taxes |
|
|
|
Class
N
Return
After Taxes on Distributions |
|
|
|
Class
N
Return
After Taxes on Distributions and
Sale
of Fund Shares |
|
|
|
Class
I
Return
Before Taxes |
|
|
|
MSCI
World Index
(reflects
no deduction for fees,
expenses,
or taxes) |
|
|
|
|
Class
I |
Class
Z |
Management
Fee1 |
% |
% |
Distribution
and Service (12b-1) Fees |
|
|
Other
Expenses |
% |
% |
Total
Annual Fund Operating Expenses |
% |
% |
Fee
Waiver and Expense Reimbursements2 |
( |
( |
Total
Annual Fund Operating Expenses After Fee
Waiver and Expense Reimbursements2 |
% |
% |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
I |
$ |
$ |
$ |
$ |
Class
Z |
$ |
$ |
$ |
$ |
Average
Annual Total Returns as of
12/31/23 | |||
AMG
Yacktman Special Opportunities
Fund |
1
Year |
5
Years |
Since
Inception |
Class
Z
Return
Before Taxes |
|
|
|
Class
Z
Return
After Taxes on Distributions |
|
|
|
Class
Z
Return
After Taxes on Distributions and
Sale
of Fund Shares |
|
|
|
Class
I
Return
Before Taxes |
|
|
|
MSCI
ACWI All Cap Index (net)
(reflects
no deduction for fees,
expenses,
or taxes) |
|
|
|
MSCI
ACWI All Cap Index (net)
(reflects
no deduction for fees,
expenses,
or taxes) |
|
|
|
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 |
Fund
Performance* compared to MSCI ACWI All
Cap
Index (net)** Over the then Preceding
Twelve
Months |
Performance
Adjustment
Rate |
If
the Fund underperforms the index by 7.5% or
more: |
-0.75% |
If
the Fund underperforms the index by 5.0% or
more
(but by less than 7.5%): |
-0.50% |
If
the Fund underperforms the index by 2.5% or
more
(but by less than 5.0%): |
-0.25% |
If
the Fund underperforms the index or outperforms
the
index by less than 2.5%: |
0.00% |
If
the Fund outperforms the index by 2.5% or more
(but
by less than 5.0%): |
0.25% |
If
the Fund outperforms the index by 5.0% or more
(but
by less than 7.5%): |
0.50% |
If
the Fund outperforms the index by 7.5% or more: |
0.75% |
Base
investment management fee
(1.37%
of $15,000,000/365 x 30) |
$16,890 |
Performance
Adjustment
(0.75%
of $12,000,000 divided by 12): |
$7,500 |
Total
monthly investment management fee |
$24,390 |
|
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 534426
Pittsburgh,
PA 15253-4426 |
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 534426
Pittsburgh,
PA 15253-4426 (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 534426
Pittsburgh,
PA 15253-4426 |
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 wealth.amg.com |
Go
to our website at
wealth.amg.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 |
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 |
|
For
the fiscal years ended December 31, | ||||
Class
N |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$18.11 |
$21.21 |
$19.09 |
$18.25 |
$17.78 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income1,2 |
0.20 |
0.22 |
0.14
3 |
0.15 |
0.23 |
Net
realized and unrealized gain (loss) on investments |
2.76 |
(1.94
) |
2.98 |
2.95 |
3.13 |
Total
income (loss) from investment
operations |
2.96 |
(1.72
) |
3.12 |
3.10 |
3.36 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
(0.25
) |
(0.21
) |
(0.16
) |
(0.15
) |
(0.25
) |
Net
realized gain on investments |
(0.64
) |
(1.17
) |
(0.84
) |
(2.11
) |
(2.64
) |
Total
distributions to shareholders |
(0.89
) |
(1.38
) |
(1.00
) |
(2.26
) |
(2.89
) |
Net
Asset Value, End of Year |
$20.18 |
$18.11 |
$21.21 |
$19.09 |
$18.25 |
Total
Return2,4 |
16.45
% |
(8.06
)% |
16.45
% |
17.26
% |
19.13
% |
Ratio
of net expenses to average net assets |
1.25
%5 |
1.25
%5 |
1.25
%5 |
1.24
% |
1.24
% |
Ratio
of gross expenses to average net assets6 |
1.25
%5 |
1.25
%5 |
1.25
%5 |
1.26
% |
1.26
% |
Ratio
of net investment income to average net assets2 |
1.02
% |
1.14
% |
0.68
% |
0.85
% |
1.20
% |
Portfolio
turnover |
4
% |
13
% |
19
% |
33
% |
31
% |
Net
assets end of Year (000's) omitted |
$1,798,471 |
$1,730,316 |
$2,158,777 |
$1,943,998 |
$2,078,758 |
|
For
the fiscal years ended December 31, | ||||
Class
I |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$18.04 |
$21.13 |
$19.03 |
$18.19 |
$17.74 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income1,2 |
0.23 |
0.26 |
0.18
3 |
0.18 |
0.27 |
Net
realized and unrealized gain (loss) on investments |
2.76 |
(1.93
) |
2.96 |
2.96 |
3.11 |
Total
income (loss) from investment
operations |
2.99 |
(1.67
) |
3.14 |
3.14 |
3.38 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
(0.29
) |
(0.25
) |
(0.20
) |
(0.19
) |
(0.29
) |
Net
realized gain on investments |
(0.64
) |
(1.17
) |
(0.84
) |
(2.11
) |
(2.64
) |
Total
distributions to shareholders |
(0.93
) |
(1.42
) |
(1.04
) |
(2.30
) |
(2.93
) |
Net
Asset Value, End of Year |
$20.10 |
$18.04 |
$21.13 |
$19.03 |
$18.19 |
Total
Return2,4 |
16.67
% |
(7.85
)% |
16.62
% |
17.52
% |
19.30
% |
Ratio
of net expenses to average net assets |
1.06
% |
1.06
% |
1.06
% |
1.06
% |
1.06
% |
Ratio
of gross expenses to average net assets6 |
1.06
% |
1.06
% |
1.06
% |
1.07
% |
1.07
% |
Ratio
of net investment income to average net assets2 |
1.21
% |
1.33
% |
0.87
% |
1.04
% |
1.39
% |
Portfolio
turnover |
4
% |
13
% |
19
% |
33
% |
31
% |
Net
assets end of Year (000's) omitted |
$1,901,862 |
$1,806,085 |
$2,309,078 |
$1,695,239 |
$1,554,975 |
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 $0.09 and $0.13 for Class N and Class
I,
respectively. |
4 |
The
total return is calculated using the published Net Asset Value as of
fiscal year end. |
5 |
Such
ratio includes recapture of waived/reimbursed fees from prior periods
amounting to less than 0.01%, less than 0.01% and 0.01% for the fiscal
years
ended 2023, 2022 and 2021, respectively. |
6 |
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. |
|
For
the fiscal years ended December 31, | ||||
Class
I |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$21.13 |
$24.50 |
$21.26 |
$20.48 |
$19.05 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income1,2 |
0.38 |
0.35 |
0.26
3 |
0.27 |
0.35 |
Net
realized and unrealized gain (loss) on investments |
2.86 |
(2.17
) |
3.89 |
2.81 |
2.99 |
Total
income (loss) from investment
operations |
3.24 |
(1.82
) |
4.15 |
3.08 |
3.34 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
(0.42
) |
(0.33
) |
(0.27
) |
(0.28
) |
(0.37
) |
Net
realized gain on investments |
(0.61
) |
(1.22
) |
(0.64
) |
(2.02
) |
(1.54
) |
Total
distributions to shareholders |
(1.03
) |
(1.55
) |
(0.91
) |
(2.30
) |
(1.91
) |
Net
Asset Value, End of Year |
$23.34 |
$21.13 |
$24.50 |
$21.26 |
$20.48 |
Total
Return2,4 |
15.39
% |
(7.37
)% |
19.63
% |
15.28
% |
17.66
% |
Ratio
of net expenses to average net assets |
0.70
% |
0.70
% |
0.70
% |
0.70
% |
0.70
% |
Ratio
of gross expenses to average net assets5 |
0.70
% |
0.70
% |
0.70
% |
0.71
% |
0.71
% |
Ratio
of net investment income to average net assets2 |
1.68
% |
1.54
% |
1.09
% |
1.38
% |
1.70
% |
Portfolio
turnover |
5
% |
11
% |
15
% |
27
% |
35
% |
Net
assets end of Year (000's) omitted |
$8,474,033 |
$7,973,041 |
$9,475,623 |
$7,636,139 |
$8,242,523 |
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. |
|
For
the fiscal years ended December 31, | ||||
Class
N |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$14.21 |
$16.36 |
$15.69 |
$13.90 |
$11.94 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income1,2 |
0.29
3 |
0.21 |
0.19
4 |
0.18 |
0.17 |
Net
realized and unrealized gain (loss) on investments |
2.00 |
(1.74
) |
1.80 |
2.35 |
2.37 |
Total
income (loss) from investment operations |
2.29 |
(1.53
) |
1.99 |
2.53 |
2.54 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
(0.68
) |
— |
(0.55
) |
(0.23
) |
(0.25
) |
Net
realized gain on investments |
(0.52
) |
(0.62
) |
(0.77
) |
(0.51
) |
(0.33
) |
Total
distributions to shareholders |
(1.20
) |
(0.62
) |
(1.32
) |
(0.74
) |
(0.58
) |
Net
Asset Value, End of Year |
$15.30 |
$14.21 |
$16.36 |
$15.69 |
$13.90 |
Total
Return2,5 |
16.30
% |
(9.31
)% |
12.96
% |
18.32
% |
21.40
% |
Ratio
of net expenses to average net assets |
1.13
% |
1.13
% |
1.16
%6 |
1.19
% |
1.12
% |
Ratio
of gross expenses to average net assets7 |
1.16
% |
1.17
% |
1.18
%6 |
1.25
% |
1.22
% |
Ratio
of net investment income to average net assets2 |
1.92
% |
1.47
% |
1.12
% |
1.40
% |
1.28
% |
Portfolio
turnover |
11
% |
11
% |
17
% |
27
% |
23
% |
Net
assets end of Year (000's) omitted |
$2,325 |
$1,354 |
$775 |
$431 |
$183 |
|
For
the fiscal years ended December 31, | ||||
Class
I |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$14.25 |
$16.36 |
$15.69 |
$13.89 |
$11.94 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income1,2 |
0.32
3 |
0.25 |
0.22
4 |
0.20 |
0.17 |
Net
realized and unrealized gain (loss) on investments |
2.00 |
(1.74
) |
1.79 |
2.35 |
2.36 |
Total
income (loss) from investment operations |
2.32 |
(1.49
) |
2.01 |
2.55 |
2.53 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
(0.71
) |
— |
(0.57
) |
(0.24
) |
(0.25
) |
Net
realized gain on investments |
(0.52
) |
(0.62
) |
(0.77
) |
(0.51
) |
(0.33
) |
Total
distributions to shareholders |
(1.23
) |
(0.62
) |
(1.34
) |
(0.75
) |
(0.58
) |
Net
Asset Value, End of Year |
$15.34 |
$14.25 |
$16.36 |
$15.69 |
$13.89 |
Total
Return2,5 |
16.46
% |
(9.06
)% |
13.08
% |
18.47
% |
21.32
% |
Ratio
of net expenses to average net assets |
0.93
% |
0.93
% |
1.00
%6 |
1.08
% |
1.08
% |
Ratio
of gross expenses to average net assets7 |
0.96
% |
0.97
% |
1.02
%6 |
1.15
% |
1.19
% |
Ratio
of net investment income to average net assets2 |
2.12
% |
1.67
% |
1.28
% |
1.51
% |
1.31
% |
Portfolio
turnover |
11
% |
11
% |
17
% |
27
% |
23
% |
Net
assets end of Year (000's) omitted |
$187,741 |
$149,491 |
$170,316 |
$132,758 |
$96,041 |
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 $0.23 and $0.26 for Class N and Class
I,
respectively. |
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 |
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 less than 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. |
|
For
the fiscal years ended December 31, | ||||
Class
I |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$11.27 |
$13.16 |
$11.02 |
$10.04 |
$9.82 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income (loss)1,2 |
0.32
3 |
0.08 |
(0.01
) |
0.20
4 |
0.24 |
Net
realized and unrealized gain (loss) on investments |
0.04 |
(1.87
) |
2.65 |
1.06 |
0.73 |
Total
income (loss) from investment operations |
0.36 |
(1.79
) |
2.64 |
1.26 |
0.97 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
(0.68
) |
— |
(0.15
) |
(0.23
) |
(0.21
) |
Net
realized gain on investments |
(0.27
) |
(0.10
) |
(0.35
) |
(0.05
) |
(0.54
) |
Total
distributions to shareholders |
(0.95
) |
(0.10
) |
(0.50
) |
(0.28
) |
(0.75
) |
Net
Asset Value, End of Year |
$10.68 |
$11.27 |
$13.16 |
$11.02 |
$10.04 |
Total
Return2,5 |
3.24
% |
(13.59
)% |
24.30
% |
12.66
% |
10.20
% |
Ratio
of net expenses to average net assets6 |
1.13
% |
1.96
%7 |
2.29
%7 |
1.14
% |
1.29
% |
Ratio
of gross expenses to average net assets6,8 |
1.19
% |
2.00
%7 |
2.29
%7 |
1.23
% |
1.47
% |
Ratio
of net investment income (loss) to average net assets2,6 |
2.81
% |
0.69
% |
(0.09
)% |
2.27
% |
2.32
% |
Portfolio
turnover |
24
% |
40
% |
21
% |
37
% |
24
% |
Net
assets end of Year (000's) omitted |
$38,793 |
$47,024 |
$33,912 |
$13,881 |
$11,701 |
|
For
the fiscal years ended December 31, | ||||
Class
Z |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$11.31 |
$13.20 |
$11.04 |
$10.06 |
$9.84 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income1,2 |
0.33
3 |
0.10 |
0.00
9 |
0.21
4 |
0.25 |
Net
realized and unrealized gain (loss) on investments |
0.03 |
(1.88
) |
2.67 |
1.06 |
0.72 |
Total
income (loss) from investment operations |
0.36 |
(1.78
) |
2.67 |
1.27 |
0.97 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
(0.69
) |
(0.01
) |
(0.16
) |
(0.24
) |
(0.21
) |
Net
realized gain on investments |
(0.27
) |
(0.10
) |
(0.35
) |
(0.05
) |
(0.54
) |
Total
distributions to shareholders |
(0.96
) |
(0.11
) |
(0.51
) |
(0.29
) |
(0.75
) |
Net
Asset Value, End of Year |
$10.71 |
$11.31 |
$13.20 |
$11.04 |
$10.06 |
Total
Return2,5 |
3.44
% |
(13.57
)% |
24.42
% |
12.83
% |
10.27
% |
Ratio
of net expenses to average net assets6 |
1.03
% |
1.86
%7 |
2.19
%7 |
1.04
% |
1.19
% |
Ratio
of gross expenses to average net assets6,8 |
1.09
% |
1.90
%7 |
2.19
%7 |
1.13
% |
1.37
% |
Ratio
of net investment income to average net assets2,6 |
2.91
% |
0.79
% |
0.01
% |
2.37
% |
2.42
% |
Portfolio
turnover |
24
% |
40
% |
21
% |
37
% |
24
% |
Net
assets end of Year (000's) omitted |
$34,337 |
$36,782 |
$78,197 |
$64,908 |
$47,981 |
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 $0.27 and $0.28 for Class I and Class
Z,
respectively. |
4 |
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. |
5 |
The
total return is calculated using the published Net Asset Value as of
fiscal year end. |
6 |
Includes
a performance adjustment amounting to (0.61)%, 0.22%, 0.55%, (0.60)% and
(0.45)% for the fiscal years ended 2023, 2022, 2021, 2020
and
2019, 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. |