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Trending ETFs

AMG Veritas Asia Pacific Fund

mutual fund
MSEIX
Payout Change
Pending
Price as of:
$68.31 -1.31 -1.88%
primary theme
Asia Pacific ex-Japan Equity
share class
I (MSEIX) N (MGSEX)
MSEIX (Mutual Fund)

AMG Veritas Asia Pacific Fund

Payout Change
Pending
Price as of:
$68.31 -1.31 -1.88%
primary theme
Asia Pacific ex-Japan Equity
share class
I (MSEIX) N (MGSEX)
MSEIX (Mutual Fund)

AMG Veritas Asia Pacific Fund

Payout Change
Pending
Price as of:
$68.31 -1.31 -1.88%
primary theme
Asia Pacific ex-Japan Equity
share class
I (MSEIX) N (MGSEX)

Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AMG Veritas Asia Pacific Fund

MSEIX | Fund

$68.31

$87.6 M

0.31%

$0.22

1.05%

Vitals

YTD Return

10.3%

1 yr return

16.5%

3 Yr Avg Return

-9.4%

5 Yr Avg Return

2.2%

Net Assets

$87.6 M

Holdings in Top 10

56.6%

52 WEEK LOW AND HIGH

$69.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.05%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 222.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100,000

IRA

$25,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AMG Veritas Asia Pacific Fund

MSEIX | Fund

$68.31

$87.6 M

0.31%

$0.22

1.05%

MSEIX - Profile

Distributions

  • YTD Total Return 10.3%
  • 3 Yr Annualized Total Return -9.4%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.44%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    AMG Veritas Asia Pacific Fund
  • Fund Family Name
    AMGFUNDSGR
  • Inception Date
    May 03, 2004
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ezra Sun

Fund Description

The Fund principally invests in equity securities listed or traded on exchanges in the Asia Pacific region (excluding Japan). Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of issuers located in the Asia Pacific region (excluding Japan). Under normal circumstances, the Fund considers equity securities to include common and preferred stocks, depositary receipts, and securities with equity characteristics, including, but not limited to, equity linked securities and participatory notes (P-Notes). The Fund considers an issuer to be located in the Asia Pacific region (excluding Japan) if the issuer has its registered office in the Asia Pacific region or has the predominant part of its commercial activity in the Asia Pacific region or, in the case of a holding company, it predominantly holds participations in companies with registered offices in the Asia Pacific region.
The Fund intends to invest in focused equity positions, identified through the bottom-up, stock picking approach of Veritas Asset Management LLP, the subadviser to the Fund (“Veritas” or the “Subadviser”), with a macro overlay, an analysis of broader macroeconomic themes. The Subadviser’s macro analysis will focus on identifying long term themes and trends and then proceed to identifying companies within those identified themes and trends that it believes have sound business models, strong management and disciplined financial controls. The Fund seeks to focus on what it believes to be quality companies in sectors that the Subadviser believes show long term structural growth potential with emphasis on industry leaders or emerging leaders with durable competitiveness. The macro themes are identified via a combination of in-house and external research. Asian domestic demand is an example of a theme internal to the Subadviser. In part, the Fund uses this analysis to seek to identify opportunities to invest in companies in the Asia Pacific
region whose businesses are benefitting from rising consumer spending in the Asia Pacific region in consumer goods or services.
The Fund intends to gain exposure to equities issued by companies located in the People’s Republic of China (“PRC”) through direct investments in equities listed on mainland China stock exchanges, such as the Shanghai and Shenzen stock exchanges, via Hong Kong through the market access program through which foreign investors can deal in select China A Shares (Stock Connect) or indirect exposure through P-Notes or similar equity linked securities. The Fund intends to gain exposure to equities issued by companies located in India through direct exposure or indirect exposure through P-Notes or similar equity linked securities. Equity linked securities are a type of derivative instrument that have a return component based on the performance of another security, and provide the Fund with an alternative to investing in the underlying security directly in situations where the Fund would have to register with a foreign exchange or foreign securities agency to be able to do so. P-Notes are a type of derivative instrument used by the Fund to access non-U.S. markets and to gain exposure to, primarily, equity securities of issuers listed on a non-U.S. exchange rather than purchasing securities directly.
The Fund will generally invest in mid- to large-capitalization companies, although the Fund may also invest in small-capitalization companies. The Fund generally invests in companies with market capitalizations greater than $5 billion. The Fund currently expects to hold between 15 and 60 positions at any time. The Fund is non-diversified.
The Fund may hold assets in cash and cash equivalents, and at times these holdings may be significant. The Fund’s cash level at any point typically relates to the Subadviser’s individual security selection process, and therefore may vary, depending on the Subadviser’s desired security weightings.
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MSEIX - Performance

Return Ranking - Trailing

Period MSEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -1.8% 29.5% 61.70%
1 Yr 16.5% 1.5% 34.7% 61.70%
3 Yr -9.4%* -13.4% 8.7% 95.56%
5 Yr 2.2%* -3.1% 12.5% 75.00%
10 Yr 6.4%* 1.0% 9.0% 32.26%

* Annualized

Return Ranking - Calendar

Period MSEIX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.9% -7.8% 14.0% 84.44%
2022 -27.7% -40.0% 2.8% 77.78%
2021 -41.8% -44.2% 15.5% 97.73%
2020 33.4% -13.5% 83.8% 38.64%
2019 -2.1% -3.3% 44.7% 97.73%

Total Return Ranking - Trailing

Period MSEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -1.8% 29.5% 61.70%
1 Yr 16.5% 1.5% 34.7% 61.70%
3 Yr -9.4%* -13.4% 8.7% 95.56%
5 Yr 2.2%* -3.1% 12.5% 75.00%
10 Yr 6.4%* 1.0% 9.0% 32.26%

* Annualized

Total Return Ranking - Calendar

Period MSEIX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.6% -7.8% 20.1% 84.44%
2022 -27.7% -31.3% 5.2% 82.22%
2021 3.4% -21.3% 22.4% 18.18%
2020 39.1% -9.6% 87.0% 38.64%
2019 26.0% 8.4% 44.8% 36.36%

NAV & Total Return History

MSEIX - Holdings

Concentration Analysis

MSEIX Category Low Category High MSEIX % Rank
Net Assets 87.6 M 1.68 M 4.44 B 76.60%
Number of Holdings 54 28 1566 68.09%
Net Assets in Top 10 52.3 M 1.87 M 2.13 B 70.21%
Weighting of Top 10 56.63% 19.8% 79.8% 10.64%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 16.54%
  2. Alibaba Group Holding Ltd 8.64%
  3. Tencent Holdings Ltd 7.24%
  4. Goodman Group 4.87%
  5. Aristocrat Leisure Ltd 3.80%
  6. HDFC Bank Ltd 3.78%
  7. Samsung Electronics Co Ltd 3.45%
  8. HD Hyundai Electric Co Ltd 3.09%
  9. KB Financial Group Inc 3.04%
  10. Quanta Computer Inc 2.18%

Asset Allocation

Weighting Return Low Return High MSEIX % Rank
Stocks 		99.76% 0.00% 101.44% 29.79%
Cash 		0.89% 0.00% 10.80% 59.57%
Other 		0.71% -0.01% 3.93% 10.64%
Preferred Stocks 		0.00% 0.00% 3.18% 76.60%
Convertible Bonds 		0.00% 0.00% 0.49% 74.47%
Bonds 		0.00% 0.00% 93.37% 74.47%

Stock Sector Breakdown

Weighting Return Low Return High MSEIX % Rank
Technology 		30.82% 0.00% 35.18% 27.66%
Industrials 		14.98% 0.00% 28.54% 17.02%
Consumer Defense 		10.97% 0.00% 15.16% 21.28%
Healthcare 		10.81% 0.00% 11.60% 21.28%
Financial Services 		7.86% 7.86% 53.75% 100.00%
Consumer Cyclical 		7.55% 2.54% 30.22% 93.62%
Basic Materials 		6.15% 0.00% 24.13% 17.02%
Communication Services 		5.17% 0.00% 16.87% 65.96%
Real Estate 		3.47% 0.00% 16.03% 74.47%
Energy 		2.22% 0.00% 7.66% 40.43%
Utilities 		0.00% 0.00% 7.67% 93.62%

Stock Geographic Breakdown

Weighting Return Low Return High MSEIX % Rank
Non US 		88.52% 0.00% 99.96% 34.04%
US 		11.24% 0.00% 40.34% 53.19%

MSEIX - Expenses

Operational Fees

MSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.19% 16.32% 59.57%
Management Fee 0.71% 0.19% 1.50% 42.55%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.08% 0.15% 80.00%

Sales Fees

MSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

MSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 222.00% 9.00% 222.00% 100.00%

MSEIX - Distributions

Dividend Yield Analysis

MSEIX Category Low Category High MSEIX % Rank
Dividend Yield 0.31% 0.00% 8.32% 72.34%

Dividend Distribution Analysis

MSEIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually SemiAnnual Annual

Net Income Ratio Analysis

MSEIX Category Low Category High MSEIX % Rank
Net Income Ratio -0.44% -1.41% 4.89% 78.72%

Capital Gain Distribution Analysis

MSEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MSEIX - Fund Manager Analysis

Managers

Ezra Sun

Start Date

Tenure

Tenure Rank

Mar 19, 2021

1.2

1.2%

Partner, Fund Manager and Head of Asia of Veritas Asset Management LLP. Joined the company in 2004. Director of Investment Management and Investment Leader Asia Newton Investment Management 1995 to 2004. Education: BA, (Nankai University, China), MA, (Nankai University, China), Research Student Cambridge University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 22.43 5.64 3.0

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