AMG Veritas Asia Pacific Fund (MGSEX)
The fund principally invests in equity securities listed or traded on exchanges in the Asia Pacific region (excluding Japan). Under normal circumstances, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of issuers located in the Asia Pacific region (excluding Japan). The adviser considers equity securities to include common and preferred stocks, depositary receipts, and securities with equity characteristics, including, but not limited to, equity-linked securities and participatory notes.
Fund Info
| ISIN | US00170L8679 |
|---|---|
| CUSIP | 00170L867 |
| Issuer | AMG |
| Inception Date | May 31, 1984 |
| Category | Asia Pacific Equities |
| Min. Investment | $2,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
The AMG Veritas Asia Pacific Fund has a high expense ratio of 1.18%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AMG Veritas Asia Pacific Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AMG Veritas Asia Pacific Fund had a return of 0.71% year-to-date (YTD) and -0.70% in the last 12 months. Over the past 10 years, AMG Veritas Asia Pacific Fund had an annualized return of 5.39%, while the S&P 500 had an annualized return of 10.55%, indicating that AMG Veritas Asia Pacific Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.71% | 6.33% |
| 1 month | -0.96% | -2.81% |
| 6 months | 9.43% | 21.13% |
| 1 year | -0.70% | 24.56% |
| 5 years (annualized) | 0.05% | 11.55% |
| 10 years (annualized) | 5.39% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -5.28% | 4.63% | 3.29% | |||||||||
| 2023 | -5.11% | -4.20% | 4.65% | 4.29% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
AMG Veritas Asia Pacific Fund(MGSEX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AMG Veritas Asia Pacific Fund (MGSEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AMG Veritas Asia Pacific Fund granted a 0.11% dividend yield in the last twelve months. The annual payout for that period amounted to $0.06 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.06 | $0.06 | $0.00 | $69.04 | $6.42 | $32.96 |
Dividend yield | 0.11% | 0.11% | 0.00% | 83.77% | 4.35% | 29.65% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 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 |
| 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 |
| 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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.42 |
| 2019 | $32.96 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 80.37%, occurring on Mar 9, 2009. Recovery took 2193 trading sessions.
The current AMG Veritas Asia Pacific Fund drawdown is 39.47%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -80.37% | Mar 10, 2000 | 2254 | Mar 9, 2009 | 2193 | Nov 21, 2017 | 4447 |
| -45.32% | Feb 16, 2021 | 680 | Oct 26, 2023 | — | — | — |
| -38.41% | Feb 20, 2020 | 20 | Mar 18, 2020 | 92 | Jul 29, 2020 | 112 |
| -37.89% | Apr 22, 1998 | 122 | Oct 8, 1998 | 193 | Jul 6, 1999 | 315 |
| -28.81% | Sep 17, 2018 | 69 | Dec 24, 2018 | 267 | Jan 16, 2020 | 336 |
Volatility
Volatility Chart
The current AMG Veritas Asia Pacific Fund volatility is 4.87%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.