- ISIN
- US00170L8679
- CUSIP
- 00170L867
- Issuer
- AMG
- Inception Date
- May 31, 1984
- Category
- Asia Pacific Equities
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MGSEX Performance Chart
AMG Veritas Asia Pacific Fund (MGSEX) is up 21.8% since the beginning of the year. MGSEX is currently trading at $104 per share. Investors who bought $1,000 worth of MGSEX shares 5 years ago would now be looking at an investment worth $1,224.
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Compare this symbol against anything
Returns By Period
AMG Veritas Asia Pacific Fund (MGSEX) has returned 21.75% so far this year and 45.09% over the past 12 months. Looking at the last ten years, MGSEX has achieved an annualized return of 14.72%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
AMG Veritas Asia Pacific Fund
- 1D
- 4.78%
- 1M
- -11.74%
- 6M
- 9.52%
- YTD
- 21.75%
- 1Y
- 45.09%
- 3Y*
- 19.68%
- 5Y*
- 4.13%
- 10Y*
- 14.72%
- ALL TIME*
- 10.61%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MGSEX Monthly Returns History
Based on dividend-adjusted daily data since May 31, 1984, MGSEX's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.
Historically, 62% of months were positive and 38% were negative. The best month was Dec 2019 with a return of +45.3%, while the worst month was Oct 1987 at -22.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MGSEX closed higher 47% of trading days. The best single day was Dec 16, 2019 with a return of +44.6%, while the worst single day was Oct 30, 1987 at -22.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.17% | 9.46% | -11.55% | 24.84% | 11.35% | -1.59% | -17.31% | 21.75% | |||||
| 2025 | 2.32% | -0.81% | -2.12% | 3.36% | 5.65% | 8.00% | 3.67% | 1.94% | 10.56% | 5.32% | -4.80% | 3.16% | 41.56% |
| 2024 | -5.28% | 4.63% | 3.29% | -2.39% | 2.62% | 6.68% | 0.99% | 0.61% | 3.66% | -2.66% | -1.93% | -2.52% | 7.23% |
| 2023 | 7.64% | -8.27% | 2.45% | -2.53% | -3.70% | 1.95% | 6.00% | -6.51% | -5.11% | -4.20% | 4.65% | 4.29% | -4.82% |
| 2022 | -8.02% | -3.13% | -5.54% | -6.91% | 0.09% | -3.99% | 2.42% | -2.33% | -9.29% | -2.75% | 12.73% | -3.74% | -27.91% |
| 2021 | 2.17% | 5.00% | -4.71% | 3.73% | 0.91% | 3.01% | -5.23% | 3.08% | -3.48% | 2.74% | -3.29% | -2.37% | 0.83% |
Benchmark Metrics
AMG Veritas Asia Pacific Fund has an annualized alpha of 3.54%, beta of 0.83, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since May 31, 1984.
- This fund captured 112.25% of S&P 500 Index gains and 107.87% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.47 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.54%
- Beta
- 0.83
- R²
- 0.47
- Upside Capture
- 112.25%
- Downside Capture
- 107.87%
Expense Ratio
MGSEX has a high expense ratio of 1.18%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MGSEX ranks 40 for risk / return — above 40% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for AMG Veritas Asia Pacific Fund (MGSEX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MGSEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.00 | -0.33 |
| Martin ratioReturn relative to average drawdown | 6.28 | 8.49 | -2.21 |
Dividends
Dividend History
AMG Veritas Asia Pacific Fund provided a 0.11% dividend yield over the last twelve months, with an annual payout of $0.12 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.12 | $0.12 | $0.28 | $0.06 | $0.00 | $69.04 | $6.42 | $65.91 |
Dividend yield | 0.11% | 0.14% | 0.47% | 0.11% | 0.00% | 83.77% | 4.35% | 59.30% |
Monthly Dividends
The table displays the monthly dividend distributions for AMG Veritas Asia Pacific Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $69.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $69.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the AMG Veritas Asia Pacific Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AMG Veritas Asia Pacific Fund was 62.06%, occurring on Mar 9, 2009. Recovery took 539 trading sessions.
The current AMG Veritas Asia Pacific Fund drawdown is 21.61%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-62.06%Mar 2009 | 1y 7mo | 2y 1mo | 3y 9moJul 2007 - Apr 2011 | Financial crisis2007–2009 |
-53.95%Oct 2002 | 2y 7mo | 3y 5mo | 6y 6dMar 2000 - Mar 2006 | Dot-com crash2000–2002 |
-45.32%Oct 2023 | 2y 8mo | 2y 2mo | 4y 11moFeb 2021 - Jan 2026 | — |
-38.41%Mar 2020 | 27d | 4mo 13d | 5mo 10dFeb 2020 - Jul 2020 | COVID crash2020 |
-37.89%Oct 1998 | 5mo 19d | 9mo 1d | 1y 2moApr 1998 - Jul 1999 | — |
Drawdown Indicators
| MGSEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.06% | -56.78% | -5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -25.18% | -9.10% | -16.08% |
Max Drawdown (3Y)Largest decline over 3 years | -25.18% | -18.90% | -6.28% |
Max Drawdown (5Y)Largest decline over 5 years | -42.34% | -25.43% | -16.91% |
Max Drawdown (10Y)Largest decline over 10 years | -45.32% | -33.92% | -11.40% |
Current DrawdownCurrent decline from peak | -21.61% | -1.58% | -20.03% |
Average DrawdownAverage peak-to-trough decline | -13.86% | -10.70% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.71% | 2.14% | +4.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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