AMG Veritas China Fund (MMCFX)

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The chart shows the growth of an initial investment of $10,000 in AMG Veritas China Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

AMG Veritas China Fund (MMCFX) has returned -7.26% so far this year and 5.62% over the past 12 months. Over the last ten years, MMCFX has returned -2.32% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jul 7, 1994, MMCFX's average daily return is +0.03%, while the average monthly return is +0.72%. At this rate, your investment would double in approximately 8.1 years.

Historically, 58% of months were positive and 42% were negative. The best month was Feb 2000 with a return of +25.8%, while the worst month was May 2021 at -49.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MMCFX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +8.4%, while the worst single day was May 27, 2021 at -48.1%.

AMG Veritas China Fund has an annualized alpha of -0.84%, beta of 0.90, and R² of 0.46 versus S&P 500 Index. Calculated based on daily prices since July 08, 1994.

• This fund participated in 110.49% of S&P 500 Index downside but only 94.62% of its upside — more exposed to losses than it benefited from rallies.
• R² of 0.46 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

MMCFX has a high expense ratio of 1.14%, indicating above-average management fees.

MMCFX ranks 9 for risk / return — in the bottom 9% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for AMG Veritas China Fund (MMCFX) and compare them to a chosen benchmark (S&P 500 Index).

AMG Veritas China Fund provided a 0.35% dividend yield over the last twelve months, with an annual payout of $0.06 per share.

The table displays the monthly dividend distributions for AMG Veritas China Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the AMG Veritas China 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 China Fund was 78.25%, occurring on Feb 2, 2024. The portfolio has not yet recovered.

The current AMG Veritas China Fund drawdown is 70.81%.

The chart below shows the rolling one-month volatility.