Notice of Change to Redemption/Exchange Fee Policy
As part of our ongoing efforts to assess and refresh our policies and fees, the Fund’s redemption fee policy is being revised to provide increased flexibility in its administration while continuing to maintain appropriate procedures to deter short-term trading. For more information, please review the Shareholder Notice, the Fund's prospectus, or contact AMG Funds at 800-548-4539.
Effective May 17, 2013, the Fund is closed to new investors subject to limited circumstances as enumerated in the Prospectus.
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Fund Facts (as of 12/31/2014)
||Russell 2000® Index; Russell 2000® Index
||SouthernSun Asset Management, LLC
|Fund Net Assets:
Share Class Facts
(Gross / Net)
|1.20% / 1.20%
Initial / Subsequent
|$2,000 / $100
|Minimum IRA Investment:
Initial / Subsequent
|$1,000 / $100
Learn more about share classes offered by AMG Funds.
SouthernSun Asset Management seeks to achieve
the Fund’s investment objective by investing primarily in common stocks
of smaller-capitalization U.S. companies that SouthernSun selects using a
research-driven, value-oriented investment strategy. The Fund defines
small-cap securities to include securities of issuers with a market
capitalization at the time of purchase within the capitalization range
of companies in the Russell 2000® Index during the most recent 12 month
period (based on month-end data). This capitalization range will change
over time. Under normal market conditions, the Fund invests at least 80%
of its assets (defined as net assets plus any borrowing for investment
purposes) measured at the time of purchase in small-cap securities. The
Fund’s portfolio typically invests in 20-40 companies SouthernSun
believes are niche dominant, attractively valued with financial
flexibility and uniquely fitted management teams. When selecting
companies for investment, SouthernSun seeks opportunities that it
believes have the following characteristics:
- Financial Strength: SouthernSun prefers companies
that have strong internally generated discretionary cash flow and
organic revenue growth
- Management Capability: SouthernSun prefers management teams with
measurable, transparent goals that are held accountable for performance.
This applies to all levels of management from the CEO and CFO to the
- Niche Dominance: SouthernSun prefers companies that it believes
exhibit competitive advantages through superior products, process
controls and technologies
Investors should carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. For this and other information, please call 800.835.3879 or download a free prospectus. Read it carefully before investing or sending money.
Where This Fund May Fit As Part Of Your Asset Allocation
This Fund may be appropriate as part of your overall investment allocation if you are:
- Looking to gain exposure to domestic small-cap securities
- Seeking long-term capital appreciation
- Willing to accept short-term volatility of returns
Annual expense ratio as of March 31, 2014.
Fund inception dates reflect that of the Predecessor Fund, which was reorganized into the Fund on March 31, 2014.
A short-term redemption fee of 2% will be charged on shares held for less than 60 days.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.
Morningstar Rating is for the share class indicated only (see ticker); other share classes may have different performance characteristics. The Ranking may reflect the waiver of all or a portion of the fund's fees. Without such waiver, the Rankings may have been lower. Past performance is no guarantee of future results.
© 2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.