Class N: MBEAX | Class I: MBESX | Class Z: MBEYX |
Class N: MFDAX | Class I: MFDSX | Class Z: MFDYX |
12 | AMG Funds |
• | Seeking an opportunity for additional returns from a portfolio that holds both equities and fixed income securities. |
• | Willing to accept short-term volatility of returns. |
14 | AMG Funds |
16 | AMG Funds |
18 | AMG Funds |
AMG Funds | 19 |
20 | AMG Funds |
AMG Funds | 21 |
22 | AMG Funds |
26 | AMG Funds |
AMG Funds | 27 |
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. |
28 | AMG Funds |
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 |
AMG Funds | 29 |
For the fiscal years ended December 31, | ||||||||||
Class N | 2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net Asset Value, Beginning of Year | $19.50 | $17.04 | $15.45 | $17.03 | $15.45 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment income (loss)1,2 | (0.04) | 0.10 | 0.25 | 0.18 | 0.10 | |||||
Net realized and unrealized gain (loss) on investments | 0.51 | 2.93 | 2.35 | (0.67) | 2.30 | |||||
Total income (loss) from investment operations | 0.47 | 3.03 | 2.60 | (0.49) | 2.40 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.00)3 | (0.09) | (0.27) | (0.16) | (0.11) | |||||
Net realized gain on investments | (0.47) | (0.48) | (0.74) | (0.93) | (0.71) | |||||
Paid in capital | — | (0.00)3 | — | — | — | |||||
Total distributions to shareholders | (0.47) | (0.57) | (1.01) | (1.09) | (0.82) | |||||
Net Asset Value, End of Year | $19.50 | $19.50 | $17.04 | $15.45 | $17.03 | |||||
Total Return2,4 | 2.44% | 18.92% | 16.96% | (2.89)% | 15.54% | |||||
Ratio of net expenses to average net assets5 | 1.06% | 1.07% | 1.08% | 1.08% | 1.09% | |||||
Ratio of gross expenses to average net assets6 | 1.10% | 1.19% | 1.16% | 1.15% | 1.14% | |||||
Ratio of net investment income (loss) to average net assets2 | (0.21)% | 0.60% | 1.51% | 1.02% | 0.63% | |||||
Portfolio turnover | 36% | 156% | 123% | 80% | 75% | |||||
Net assets end of Year (000's) omitted | $41,939 | $51,415 | $69,774 | $75,271 | $74,315 |
For the fiscal years ended December 31, | ||||||||||
Class I | 2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net Asset Value, Beginning of Year | $19.71 | $17.22 | $15.60 | $17.19 | $15.59 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment income (loss)1,2 | (0.01) | 0.13 | 0.28 | 0.21 | 0.13 | |||||
Net realized and unrealized gain (loss) on investments | 0.53 | 2.95 | 2.38 | (0.68) | 2.31 | |||||
Total income (loss) from investment operations | 0.52 | 3.08 | 2.66 | (0.47) | 2.44 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.01) | (0.11) | (0.30) | (0.19) | (0.13) | |||||
Net realized gain on investments | (0.47) | (0.48) | (0.74) | (0.93) | (0.71) | |||||
Paid in capital | — | (0.00)3 | — | — | — | |||||
Total distributions to shareholders | (0.48) | (0.59) | (1.04) | (1.12) | (0.84) | |||||
Net Asset Value, End of Year | $19.75 | $19.71 | $17.22 | $15.60 | $17.19 | |||||
Total Return2,4 | 2.60% | 19.08% | 17.17% | (2.77)% | 15.71% | |||||
Ratio of net expenses to average net assets5 | 0.91% | 0.92% | 0.93% | 0.92% | 0.94% | |||||
Ratio of gross expenses to average net assets6 | 0.95% | 1.04% | 1.01% | 0.99% | 0.99% | |||||
Ratio of net investment income (loss) to average net assets2 | (0.06)% | 0.75% | 1.66% | 1.18% | 0.78% | |||||
Portfolio turnover | 36% | 156% | 123% | 80% | 75% | |||||
Net assets end of Year (000's) omitted | $81,515 | $97,869 | $173,575 | $166,554 | $114,913 |
AMG Funds | 35 |
For the fiscal years ended December 31, | ||||||||||
Class Z | 2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net Asset Value, Beginning of Year | $19.71 | $17.21 | $15.60 | $17.19 | $15.58 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment income1,2 | 0.01 | 0.14 | 0.30 | 0.22 | 0.15 | |||||
Net realized and unrealized gain (loss) on investments | 0.52 | 2.97 | 2.37 | (0.67) | 2.32 | |||||
Total income (loss) from investment operations | 0.53 | 3.11 | 2.67 | (0.45) | 2.47 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.01) | (0.13) | (0.32) | (0.21) | (0.15) | |||||
Net realized gain on investments | (0.47) | (0.48) | (0.74) | (0.93) | (0.71) | |||||
Paid in capital | — | (0.00)3 | — | — | — | |||||
Total distributions to shareholders | (0.48) | (0.61) | (1.06) | (1.14) | (0.86) | |||||
Net Asset Value, End of Year | $19.76 | $19.71 | $17.21 | $15.60 | $17.19 | |||||
Total Return2,4 | 2.73% | 19.28% | 17.21% | (2.68)% | 15.90% | |||||
Ratio of net expenses to average net assets5 | 0.81% | 0.82% | 0.83% | 0.83% | 0.84% | |||||
Ratio of gross expenses to average net assets6 | 0.85% | 0.94% | 0.91% | 0.90% | 0.89% | |||||
Ratio of net investment income to average net assets2 | 0.04% | 0.85% | 1.76% | 1.27% | 0.88% | |||||
Portfolio turnover | 36% | 156% | 123% | 80% | 75% | |||||
Net assets end of Year (000's) omitted | $3,118 | $3,733 | $8,358 | $8,429 | $7,060 |
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 | Less than $(0.005) per share. |
4 | The total return is calculated using the published Net Asset Value as of fiscal year end. |
5 | Includes reduction from broker recapture amounting to less than 0.01% for the fiscal year ended December 31, 2020, 0.01% for the fiscal years ended December 31, 2019 and 2018, less than 0.01% and 0.01% for the fiscal years ended 2017 and 2016, 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. |
36 | AMG Funds |
For the fiscal years ended December 31, | ||||||||||
Class N | 2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net Asset Value, Beginning of Year | $10.90 | $10.15 | $9.43 | $9.81 | $9.67 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment income1,2 | 0.14 | 0.20 | 0.24 | 0.23 | 0.21 | |||||
Net realized and unrealized gain (loss) on investments | (0.28) | 0.75 | 0.73 | (0.38) | 0.15 | |||||
Total income (loss) from investment operations | (0.14) | 0.95 | 0.97 | (0.15) | 0.36 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.14) | (0.20) | (0.25) | (0.23) | (0.22) | |||||
Paid in capital | (0.01) | — | — | — | — | |||||
Total distributions to shareholders | (0.15) | (0.20) | (0.25) | (0.23) | (0.22) | |||||
Net Asset Value, End of Year | $10.61 | $10.90 | $10.15 | $9.43 | $9.81 | |||||
Total Return2,3 | (1.26)% | 9.41% | 10.35% | (1.48)% | 3.76% | |||||
Ratio of net expenses to average net assets | 0.73% | 0.73% | 0.73% | 0.73% | 0.75% | |||||
Ratio of gross expenses to average net assets4 | 0.93% | 1.06% | 1.16% | 0.99% | 1.04% | |||||
Ratio of net investment income to average net assets2 | 1.32% | 1.86% | 2.43% | 2.45% | 2.19% | |||||
Portfolio turnover | 86% | 101% | 71% | 26% | 39% | |||||
Net assets end of Year (000's) omitted | $13,736 | $15,794 | $14,779 | $12,884 | $16,027 |
For the fiscal years ended December 31, | ||||||||||
Class I | 2021 | 2020 | 2019 | 2018 | 20175 | |||||
Net Asset Value, Beginning of Year | $10.94 | $10.19 | $9.47 | $9.85 | $9.70 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment income1,2 | 0.16 | 0.22 | 0.26 | 0.25 | 0.23 | |||||
Net realized and unrealized gain (loss) on investments | (0.28) | 0.75 | 0.73 | (0.38) | 0.16 | |||||
Total income (loss) from investment operations | (0.12) | 0.97 | 0.99 | (0.13) | 0.39 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.16) | (0.22) | (0.27) | (0.25) | (0.24) | |||||
Paid in capital | (0.01) | — | — | — | — | |||||
Total distributions to shareholders | (0.17) | (0.22) | (0.27) | (0.25) | (0.24) | |||||
Net Asset Value, End of Year | $10.65 | $10.94 | $10.19 | $9.47 | $9.85 | |||||
Total Return2,3 | (1.07)% | 9.57% | 10.51% | (1.27)% | 4.03% | |||||
Ratio of net expenses to average net assets | 0.56% | 0.55% | 0.55% | 0.54% | 0.61% | |||||
Ratio of gross expenses to average net assets4 | 0.76% | 0.88% | 0.98% | 0.80% | 0.90% | |||||
Ratio of net investment income to average net assets2 | 1.49% | 2.04% | 2.62% | 2.64% | 2.32% | |||||
Portfolio turnover | 86% | 101% | 71% | 26% | 39% | |||||
Net assets end of Year (000's) omitted | $33,402 | $27,800 | $8,502 | $5,967 | $6,864 |
AMG Funds | 37 |
For the fiscal years ended December 31, | ||||||||||
Class Z | 2021 | 2020 | 2019 | 2018 | 20175 | |||||
Net Asset Value, Beginning of Year | $10.93 | $10.18 | $9.46 | $9.84 | $9.70 | |||||
Income (loss) from Investment Operations: | ||||||||||
Net investment income1,2 | 0.17 | 0.22 | 0.27 | 0.26 | 0.24 | |||||
Net realized and unrealized gain (loss) on investments | (0.27) | 0.75 | 0.72 | (0.38) | 0.15 | |||||
Total income (loss) from investment operations | (0.10) | 0.97 | 0.99 | (0.12) | 0.39 | |||||
Less Distributions to Shareholders from: | ||||||||||
Net investment income | (0.17) | (0.22) | (0.27) | (0.26) | (0.25) | |||||
Paid in capital | (0.01) | — | — | — | — | |||||
Total distributions to shareholders | (0.18) | (0.22) | (0.27) | (0.26) | (0.25) | |||||
Net Asset Value, End of Year | $10.65 | $10.93 | $10.18 | $9.46 | $9.84 | |||||
Total Return2,3 | (0.92)% | 9.65% | 10.59% | (1.23)% | 4.01% | |||||
Ratio of net expenses to average net assets | 0.48% | 0.48% | 0.48% | 0.48% | 0.50% | |||||
Ratio of gross expenses to average net assets4 | 0.68% | 0.81% | 0.91% | 0.74% | 0.79% | |||||
Ratio of net investment income to average net assets2 | 1.57% | 2.11% | 2.72% | 2.70% | 2.43% | |||||
Portfolio turnover | 86% | 101% | 71% | 26% | 39% | |||||
Net assets end of Year (000's) omitted | $13,712 | $11,552 | $10,080 | $15,254 | $21,271 |
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 | The total return is calculated using the published Net Asset Value as of fiscal year end. |
4 | 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. |
5 | Effective February 27, 2017, Class I shares were renamed Class Z and Class S shares were renamed Class I. |
38 | AMG Funds |