AMG Renaissance Large Cap Growth Fund (MRLIX)
The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of large-capitalization companies. The subadviser considers the term "large-capitalization" companies to generally refer to companies that, at the time of purchase, have a minimum market capitalization of approximately $3 billion. It invests primarily in common stocks of U.S. large-capitalization companies.
Fund Info
| ISIN | US00170K8282 |
|---|---|
| Issuer | AMG |
| Inception Date | Jun 3, 2009 |
| Category | Large Cap Growth Equities |
| Min. Investment | $5,000,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
MRLIX has a high expense ratio of 0.66%, 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 Renaissance Large Cap Growth 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 Renaissance Large Cap Growth Fund had a return of 8.55% year-to-date (YTD) and 26.76% in the last 12 months. Over the past 10 years, AMG Renaissance Large Cap Growth Fund had an annualized return of 13.54%, outperforming the S&P 500 benchmark which had an annualized return of 10.84%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.55% | 10.00% |
| 1 month | -1.21% | 2.41% |
| 6 months | 15.20% | 16.70% |
| 1 year | 26.76% | 26.85% |
| 5 years (annualized) | 16.01% | 12.81% |
| 10 years (annualized) | 13.54% | 10.84% |
Monthly Returns
The table below presents the monthly returns of MRLIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.67% | 5.55% | 2.68% | -5.39% | 8.55% | ||||||||
| 2023 | 4.65% | -2.09% | 4.13% | 1.32% | -0.13% | 6.21% | 2.64% | -1.62% | -4.20% | -0.06% | 8.21% | 4.63% | 25.51% |
| 2022 | -7.87% | -4.80% | 3.61% | -7.27% | 0.13% | -7.44% | 8.95% | -4.24% | -7.57% | 8.34% | 6.36% | -4.34% | -16.99% |
| 2021 | -2.50% | 2.56% | 4.67% | 5.46% | -0.06% | 3.28% | 4.33% | 2.54% | -5.55% | 7.08% | 0.16% | 5.92% | 30.76% |
| 2020 | 0.77% | -7.28% | -13.40% | 13.75% | 7.22% | 3.05% | 6.91% | 7.11% | -2.79% | -3.82% | 9.58% | 3.85% | 23.92% |
| 2019 | 10.83% | 3.98% | 0.08% | 5.49% | -5.91% | 6.45% | 2.13% | -0.92% | 1.24% | 2.15% | 3.83% | 2.44% | 35.64% |
| 2018 | 5.86% | -3.98% | -2.81% | -0.51% | 1.60% | -0.22% | 3.66% | 3.32% | 0.87% | -7.50% | 2.65% | -8.68% | -6.66% |
| 2017 | 3.05% | 4.03% | 0.55% | 1.26% | 0.31% | 0.16% | 1.93% | -0.15% | 2.58% | 2.00% | 3.77% | 1.10% | 22.50% |
| 2016 | -6.88% | 0.97% | 6.74% | -1.62% | 1.84% | -2.16% | 4.70% | -0.09% | 0.35% | -1.58% | 6.95% | 0.63% | 9.38% |
| 2015 | -2.79% | 6.02% | -0.93% | -1.88% | 3.05% | -1.78% | 1.64% | -5.93% | -2.70% | 6.76% | -0.43% | -2.33% | -2.07% |
| 2014 | -2.47% | 6.19% | -0.33% | -0.33% | 3.06% | 2.01% | -1.57% | 5.11% | -1.98% | 3.57% | 4.87% | 0.90% | 20.21% |
| 2013 | 5.53% | 0.74% | 3.09% | 1.89% | 3.71% | -1.72% | 4.48% | -2.54% | 4.25% | 3.79% | 3.79% | 3.84% | 35.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MRLIX is 73, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
MRLIX (AMG Renaissance Large Cap Growth Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AMG Renaissance Large Cap Growth Fund (MRLIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AMG Renaissance Large Cap Growth Fund granted a 7.16% dividend yield in the last twelve months. The annual payout for that period amounted to $1.28 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.28 | $1.28 | $1.05 | $1.53 | $0.80 | $1.19 | $2.59 | $0.47 | $0.27 | $0.18 | $2.70 | $3.84 |
Dividend yield | 7.16% | 7.77% | 7.44% | 8.36% | 5.23% | 9.16% | 24.83% | 3.35% | 2.29% | 1.59% | 23.58% | 32.66% |
Monthly Dividends
The table displays the monthly dividend distributions for AMG Renaissance Large Cap Growth 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $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 | $1.28 | $1.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.05 | $1.05 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.53 | $1.53 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.80 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.19 | $1.19 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.59 | $2.59 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2015 | $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 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.70 | $2.70 |
| 2013 | $3.84 | $3.84 |
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 Renaissance Large Cap Growth 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 Renaissance Large Cap Growth Fund was 34.16%, occurring on Mar 23, 2020. Recovery took 82 trading sessions.
The current AMG Renaissance Large Cap Growth Fund drawdown is 2.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.16% | Feb 20, 2020 | 23 | Mar 23, 2020 | 82 | Jul 20, 2020 | 105 |
| -25.11% | Dec 30, 2021 | 200 | Oct 14, 2022 | 290 | Dec 11, 2023 | 490 |
| -24.5% | Jul 8, 2011 | 61 | Oct 3, 2011 | 99 | Feb 24, 2012 | 160 |
| -19.75% | Sep 24, 2018 | 64 | Dec 24, 2018 | 66 | Apr 1, 2019 | 130 |
| -18.39% | Jun 23, 2015 | 162 | Feb 11, 2016 | 193 | Nov 15, 2016 | 355 |
Volatility
Volatility Chart
The current AMG Renaissance Large Cap Growth Fund volatility is 3.49%, 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.