AMG Veritas China Fund (MMCFX)
The investment seeks to achieve long-term capital appreciation. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of issuers located in China or issuers that are not located in China but derive a majority (over 50%) of their income from China. It primarily invests in equity securities. Under normal circumstances, the adviser considers equity securities to include common and preferred stocks, as well as securities with equity characteristics, including, but not limited to, equity-linked notes and participation notes.
Fund Info
US00170J7550
00170J755
Jun 29, 1994
$2,000
Large-Cap
Blend
Expense Ratio
MMCFX has a high expense ratio of 1.14%, indicating above-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 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.
Returns By Period
AMG Veritas China Fund (MMCFX) returned 9.70% year-to-date (YTD) and 5.45% over the past 12 months. Over the past 10 years, MMCFX returned -10.24% annually, underperforming the S&P 500 benchmark at 10.43%.
MMCFX
9.70%
13.91%
-0.95%
5.45%
-13.86%
-10.24%
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of MMCFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.48% | 8.75% | 1.74% | -5.21% | 3.06% | 9.70% | |||||||
| 2024 | -11.26% | 7.12% | 0.99% | 3.56% | 1.17% | -3.10% | -3.20% | -2.77% | 21.85% | -6.69% | -4.53% | -0.15% | -0.59% |
| 2023 | 10.70% | -10.52% | 3.09% | -4.72% | -10.63% | 4.33% | 11.41% | -9.77% | -3.74% | -3.35% | -0.62% | -3.15% | -18.35% |
| 2022 | -7.28% | -2.52% | -11.45% | -7.41% | 5.03% | 10.52% | -1.91% | -6.67% | -10.23% | -12.44% | 16.73% | 1.98% | -26.33% |
| 2021 | 4.32% | 10.44% | 2.05% | 2.98% | -49.13% | 1.18% | -8.14% | -4.70% | -5.70% | 3.43% | -1.41% | -2.94% | -49.08% |
| 2020 | -3.57% | -7.74% | -24.31% | 16.32% | 6.55% | 5.35% | 2.00% | 5.89% | -3.42% | 1.70% | 15.79% | 4.16% | 12.51% |
| 2019 | 10.73% | 7.78% | -3.17% | 2.88% | -6.33% | 8.42% | -0.31% | -5.55% | 2.19% | 3.19% | 3.33% | -5.84% | 16.63% |
| 2018 | 2.44% | -2.34% | 1.83% | 1.30% | 8.00% | 2.38% | -0.61% | 8.95% | -2.45% | -12.40% | -0.78% | -28.13% | -24.70% |
| 2017 | -0.12% | 0.65% | 2.10% | 1.52% | -1.50% | 5.36% | 1.27% | 0.59% | 8.12% | 1.03% | 2.48% | -10.51% | 10.36% |
| 2016 | -10.74% | -0.70% | 6.65% | 2.39% | 1.40% | 1.35% | 7.23% | 1.61% | 2.13% | -5.53% | 10.38% | 1.61% | 17.28% |
| 2015 | -5.26% | 6.61% | 2.56% | -2.23% | 1.31% | 2.36% | -2.05% | -5.33% | -5.70% | 1.44% | 3.12% | -15.61% | -18.93% |
| 2014 | -0.83% | 3.87% | -0.67% | -6.51% | -2.60% | 5.82% | -6.88% | 4.16% | -4.58% | 7.75% | -0.51% | -6.66% | -8.68% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MMCFX is 30, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AMG Veritas China Fund (MMCFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AMG Veritas China Fund provided a 1.22% dividend yield over the last twelve months, with an annual payout of $0.18 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.18 | $0.18 | $0.11 | $0.00 | $26.45 | $2.12 | $3.69 | $8.65 | $5.71 | $0.14 | $4.52 | $5.32 |
Dividend yield | 1.22% | 1.34% | 0.83% | 0.00% | 114.57% | 4.66% | 9.14% | 25.03% | 12.44% | 0.35% | 12.74% | 12.15% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 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 | $0.00 | $0.00 | $26.45 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $26.45 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.12 | $2.12 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.69 | $3.69 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.65 | $8.65 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.71 | $5.71 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.52 | $4.52 |
| 2014 | $5.32 | $5.32 |
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.
Worst Drawdowns
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 78.50%, occurring on Feb 2, 2024. The portfolio has not yet recovered.
The current AMG Veritas China Fund drawdown is 73.32%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -78.5% | Sep 5, 2018 | 1362 | Feb 2, 2024 | — | — | — |
| -70.54% | Mar 13, 2000 | 2253 | Mar 9, 2009 | 2381 | Aug 22, 2018 | 4634 |
| -52.24% | Oct 10, 1997 | 260 | Oct 8, 1998 | 172 | Jun 7, 1999 | 432 |
| -19.88% | Oct 12, 1999 | 11 | Oct 26, 1999 | 28 | Dec 3, 1999 | 39 |
| -17.61% | Feb 4, 1997 | 60 | Apr 28, 1997 | 51 | Jul 8, 1997 | 111 |
Volatility
Volatility Chart
The current AMG Veritas China Fund volatility is 7.54%, 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.