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Trending ETFs

AMG GW&K International Small Cap Fund

mutual fund
MECAX
Payout Change
Pending
Price as of:
$46.92 +0.26 +0.56%
primary theme
International Mid-Cap Growth Equity
MECAX (Mutual Fund)

AMG GW&K International Small Cap Fund

Payout Change
Pending
Price as of:
$46.92 +0.26 +0.56%
primary theme
International Mid-Cap Growth Equity
MECAX (Mutual Fund)

AMG GW&K International Small Cap Fund

Payout Change
Pending
Price as of:
$46.92 +0.26 +0.56%
primary theme
International Mid-Cap Growth Equity

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$46.92

$39 M

1.36%

$0.64

1.52%

Vitals

YTD Return

9.8%

1 yr return

22.1%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

0.9%

Net Assets

$39 M

Holdings in Top 10

23.2%

52 WEEK LOW AND HIGH

$46.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.52%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 236.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$46.92

$39 M

1.36%

$0.64

1.52%

MECAX - Profile

Distributions

  • YTD Total Return 9.8%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.26%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    AMG GW&K International Small Cap Fund
  • Fund Family Name
    AMGFUNDSGR
  • Inception Date
    May 31, 2017
  • Shares Outstanding
    N/A
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Miller

Fund Description

The Fund seeks to achieve its investment objective by investing primarily in a portfolio of equity securities issued by foreign, small market capitalization companies. The Fund invests in companies that GW&K Investment Management, LLC, the subadviser to the Fund (“GW&K” or the “Subadviser”), believes have the ability to grow earnings or asset value over the long term. Using its fundamental research process, GW&K seeks to identify quality companies trading at attractive prices, often under-researched or under-owned by other institutional investors, and possessing one or more of the following characteristics:
Stable and visible earnings or cash flow growth with a high-quality business franchise;
Under-appreciated growth potential trading at a discounted valuation;
Attractive assets with possible catalysts to unlock embedded value; or
Potential for rapid growth requiring a longer-term investment horizon to recognize underlying value
Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of small market capitalization companies. Small market capitalization companies are those with a market capitalization at the time of purchase of less than $5 billion or otherwise within the capitalization range of companies in the MSCI World ex USA Small Cap Index. As of September 2, 2024, the date of the latest rebalance of the MSCI World ex USA Small Cap Index, the capitalization range was $107.46 million to
$9.16 billion. This capitalization range will change over time. The Fund may continue to hold securities of a portfolio company that subsequently appreciates above the small market capitalization threshold. Because of this, the Fund may have less than 80% of its net assets in equity securities of small market capitalization companies at any given time.
Additionally, under normal circumstances, the Fund invests at least 40% (or, if market conditions are not favorable in the view of GW&K, at least 30%) of its net assets in investments economically tied to countries other than the U.S., and the Fund will hold investments economically tied to a minimum of three countries other than the U.S. The Fund considers an investment to be economically tied to a country other than the U.S. if it provides investment exposure to a non-U.S. issuer. The Fund considers a company to be non-U.S. issuer if (i) it is organized outside the U.S. or maintains a principal place of business outside the U.S., (ii) its securities are traded principally outside the U.S., or (iii) during its most recent fiscal year, it derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed outside the U.S. or it has at least 50% of its assets outside the U.S. The Fund may invest in securities of issuers located in any country outside the U.S., including developed and emerging market countries.
The Funds investments in equity securitiesmay includecommon shares and other equity securities, such as preferred shares, depositary receipts and securities convertible into common shares, preferred shares or depositary receipts, and pooled investment vehicles, including real estate investment trusts (“REITs”).
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MECAX - Performance

Return Ranking - Trailing

Period MECAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -5.3% 17.5% 37.82%
1 Yr 22.1% -2.0% 35.8% 57.98%
3 Yr -1.2%* -22.8% 5.4% 16.52%
5 Yr 0.9%* -9.2% 10.7% 98.17%
10 Yr 6.1%* 2.1% 8.2% 31.58%

* Annualized

Return Ranking - Calendar

Period MECAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -16.8% 28.8% 95.80%
2022 -21.5% -46.4% -21.4% 2.61%
2021 1.8% -30.6% 16.4% 44.04%
2020 1.6% 0.3% 62.2% 95.41%
2019 9.7% 9.7% 44.0% 100.00%

Total Return Ranking - Trailing

Period MECAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -5.3% 17.5% 37.82%
1 Yr 22.1% -2.0% 35.8% 57.98%
3 Yr -1.2%* -22.8% 5.4% 16.52%
5 Yr 0.9%* -9.2% 10.7% 98.17%
10 Yr 6.1%* 2.1% 8.2% 31.58%

* Annualized

Total Return Ranking - Calendar

Period MECAX Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -16.5% 30.7% 94.96%
2022 -20.4% -46.4% -18.5% 10.43%
2021 2.2% -30.6% 24.7% 91.74%
2020 1.6% 1.6% 68.3% 100.00%
2019 9.7% 9.7% 44.0% 100.00%

NAV & Total Return History


MECAX - Holdings

Concentration Analysis

MECAX Category Low Category High MECAX % Rank
Net Assets 39 M 25.2 K 6.45 B 78.99%
Number of Holdings 75 36 1313 68.07%
Net Assets in Top 10 9.34 M 933 K 1.04 B 79.83%
Weighting of Top 10 23.22% 9.6% 59.9% 46.22%

Top 10 Holdings

  1. FICC 2.95%
  2. Senshu Electric Co Ltd 2.94%
  3. DMG Mori Co Ltd 2.85%
  4. Vidrala SA 2.30%
  5. Gift Holdings Inc 2.14%
  6. Hill Smith PLC 2.09%
  7. Rheinmetall AG 2.07%
  8. Howden Joinery Group PLC 2.03%
  9. Kitron ASA 1.97%
  10. ADENTRA Inc 1.87%

Asset Allocation

Weighting Return Low Return High MECAX % Rank
Stocks
96.60% 91.79% 101.99% 56.30%
Other
4.63% 0.00% 4.63% 0.84%
Preferred Stocks
0.00% 0.00% 7.13% 42.02%
Convertible Bonds
0.00% 0.00% 0.00% 15.97%
Cash
0.00% 0.00% 8.72% 94.12%
Bonds
0.00% 0.00% 2.77% 17.65%

Stock Sector Breakdown

Weighting Return Low Return High MECAX % Rank
Industrials
40.13% 0.00% 40.13% 0.84%
Consumer Cyclical
12.62% 1.31% 28.28% 29.41%
Technology
11.02% 6.70% 37.76% 81.51%
Healthcare
8.74% 1.74% 29.97% 69.75%
Consumer Defense
6.32% 1.61% 17.90% 42.02%
Basic Materials
5.66% 0.00% 18.70% 53.78%
Real Estate
5.25% 0.00% 13.00% 19.33%
Communication Services
5.10% 1.49% 23.23% 55.46%
Energy
3.23% 0.00% 9.29% 22.69%
Financial Services
1.92% 1.92% 22.28% 98.32%
Utilities
0.00% 0.00% 5.12% 63.03%

Stock Geographic Breakdown

Weighting Return Low Return High MECAX % Rank
Non US
94.87% 64.54% 99.31% 29.41%
US
1.73% 0.00% 33.08% 68.07%

MECAX - Expenses

Operational Fees

MECAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.52% 0.01% 41.09% 41.18%
Management Fee 0.69% 0.00% 1.75% 3.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.05% 0.26% 59.38%

Sales Fees

MECAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

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

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.

MECAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 236.00% 8.00% 236.00% 97.92%

MECAX - Distributions

Dividend Yield Analysis

MECAX Category Low Category High MECAX % Rank
Dividend Yield 1.36% 0.00% 5.44% 39.50%

Dividend Distribution Analysis

MECAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

MECAX Category Low Category High MECAX % Rank
Net Income Ratio -0.26% -1.81% 1.51% 67.54%

Capital Gain Distribution Analysis

MECAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

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MECAX - Fund Manager Analysis

Managers

Daniel Miller


Start Date

Tenure

Tenure Rank

Oct 08, 2020

1.64

1.6%

Dan is responsible for overseeing all aspects of our Equity teams, including portfolio management, research, and trading. He also is a member of the firm’s Management, Investment and ESG Committees. Dan brings more than three decades of industry experience to GW&K. Prior to joining the firm, Dan worked with various companies in the Boston area as an Investment and Financial Consultant. Previously he spent 21 years at Putnam Investments in Boston, where he was Chief Investment Officer for the Specialty Growth Group overseeing a team of twenty and up to $100 billion in assets under management. He was a portfolio management team member of several small and mid cap growth funds, and the lead manager for the Putnam New Opportunities Fund since its inception in 1990. Dan was also a member of Putnam’s Management Committee and Partners Group. He began his career as an Analyst at Morgan Stanley. Dan graduated from the University of California, Berkeley and received his MBA from Stanford University Graduate School of Business. He earned the CFA designation and is a member of the CFA Institute and the CFA Society Boston.

Reid Galas


Start Date

Tenure

Tenure Rank

Oct 08, 2020

1.64

1.6%

Reid joined GW&K in 2014 to lead the development of our small cap international investment capability, building upon GW&K’s established track record in domestic small cap equity management. He is a portfolio manager for GW&K’s International and Global Small Cap Strategies and is a member of the firm’s Investment Committee, lending an important global perspective to our economic and investment strategy discussions. Prior to joining the firm, Reid was a portfolio manager for the Deutsche Global Growth Fund, as well as a senior analyst for the Deutsche Global Small Cap Equity Fund. He spent his early career working as a supply chain consultant for two different technology companies before joining Deloitte Consulting. At Deloitte he managed consulting assignments that included creating models and developing/implementing business solutions for forecasting, new product introductions, manufacturing and distribution processes for domestic and international companies across industries. In 2008 Reid leveraged his deep knowledge of global business operations and finance and transitioned to the investment industry becoming a member of the Global Small Cap Equity team at Deutsche Asset Management. Reid received a BS in Engineering from Cornell University and an MBA from the University of Michigan. He earned the CFA designation and is a member of the CFA Institute.

Karl Kyriss


Start Date

Tenure

Tenure Rank

Oct 08, 2020

1.64

1.6%

Karl is a partner of the firm as well as a portfolio manager on GW&K’s International and Global Small Cap Strategies. He is a sector generalist primarily covering companies across Europe, Canada, and North America. He is a member of the firm's Investment Committee. Prior to joining GW&K, Karl spent six years as an equity research analyst at GTP LLC and Deutsche Asset Management. There he performed company research across several industries to identify investment ideas for global equity funds. As a senior member of the team he held substantial responsibility for management, research and client service. Karl began his career in financial services at Morgan Stanley, followed by Merrill Lynch, and held various roles in fixed income sales and trading. Karl received an MBA from the University of Michigan and a BS in Neuroscience from the University of Scranton. He is a CFA® charterholder and a member of the CFA Institute and the CFA Society Boston.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 28.52 5.76 0.17