Trilogy International Small Cap Fund

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Daily Pricing 07/27/2017
NAV: $8.38
NAV $ Change: $-0.01
NAV % Change: -0.12%
YTD Return (as of 06/30/2017)
- at NAV 19.63%

The performance shown represents past performance and is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses.Unlike the Fund, the Index listed is unmanaged, is not available for investment and does not incur expenses. 

AMG Funds

Fund Updates

At a meeting held on June 29, 2017, the Board of Trustees of AMG Funds approved a plan to liquidate AMG Trilogy International Small Cap Fund (the “Fund”), which is expected to occur on or about August 31, 2017. The decision to terminate the Fund follows the completion of a strategic review, where it was determined that, because the Fund’s current and anticipated asset levels are not sufficient to ensure its ability to conduct its business and operations in a long-term, economically viable manner, the continued operation of the Fund is not in the best interest of the Fund’s shareholders. For more information, please read the prospectus supplement.

Effective February 27, 2017, the share classes offered and/or fees paid by certain of our Funds are being restructured to better align with the needs of our investors. These changes may affect the amount of fees you will pay as an investor. Please review the Fund's prospectus for details.

Fund Facts (as of 6/30/2017)

Investment Style: Small-Cap Growth
Benchmark(s): MSCI ACWI ex-USA Small Cap
Subadvisor(s): Trilogy Global Advisors, LP
Fund Net Assets: $12,987,252

Share Class Facts

Share Class: Z
Ticker: TLSIX
Inception Date: 3/1/2011
Expense Ratio:
(Gross / Net)
1.62% / 1.10%
Minimum Investment:
Initial / Subsequent
$5,000,000 / $1,000
Minimum IRA Investment:
Initial / Subsequent
$50,000 / $1,000
Maximum Sales Charges: N/A
12b-1 Fees: N/A

Prior to October 1, 2016, the Fund’s N shares were known as Investor shares.

Prior to October 1, 2016, the Fund’s I shares were known as Service shares.

Prior to October 1, 2016, the Fund’s Z shares were known as Institutional shares.

The Fund's investment manager has contractually agreed, through at least March 1, 2018, to limit Fund operating expenses. The net expense ratio reflects this limitation, while the gross expense ratio does not. Please refer to the Fund's prospectus for additional information on the Fund's expenses.

Learn more about share classes offered by AMG Funds.

Fund Focus

The Fund generally invests at least 80% of its net assets in common and preferred stock of small-cap companies and at least 40% of its net assets in the stocks of companies located outside of the United States. The Fund's portfolio normally consists of approximately 40 to 100 securities allocated across countries and regions. To gain exposure to foreign investments, the Fund may also invest in ADRs (American Depositary Receipts), GDRs (Global Depositary Receipts) and other depositary receipts of non-U.S. issuers. Trilogy, the Fund's subadvisor, uses a bottom-up investment process driven by fundamental research, applying the following core principles to identify investments for the portfolio:

  • Earnings growth drives equity returns over the long term
  • Early-stage and traditional growth companies provide the greatest opportunity
  • Risk management, with respect to the Fund's portfolio, should focus on avoiding losing money, rather than minimizing tracking error against the benchmark
  • A disciplined investment process requires consistently identifying opportunities, evaluating potential returns and responding with timely buy/sell decisions

Where This Fund Fits As Part Of Your Asset Allocation

The Fund may be appropriate as part of your overall investment allocation if you are:

  • Looking to gain exposure to non-U.S. small-cap companies
  • Seeking capital appreciation
  • Willing to accept short-term volatility of returns

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.

A short-term redemption fee of 2% will be charged on shares held for less than 60 days.

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