APINX — AMG Managers Pictet International Fund
Data updated: 2024-09-27
APINX — AMG Managers Pictet International Fund. Alternative · $7.77M AUM · 1.16% expense ratio. Holdings, fees, performance and SEC filings.
APINX Fund Overview
APINX — AMG Managers Pictet International Fund is a US mutual fund managed by AMG Funds IV, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: AMG Funds IV
- Category: Alternative
- Assets under management: $7.77M
- 1-year return: 9.1%
- Ticker: APINX
- SEC CIK: 0000912036
- SEC series ID: S000044916
- Share class ID: C000139355
APINX Investment Objective and Strategy
AMG Managers Pictet International Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AMG Funds IV.
Investment objective
The Fund seeks to provide capital appreciation.
Principal investment strategy
Under normal circumstances, the Fund invests primarily in equity securities, principally common stocks, of non-U.S. companies. The Fund emphasizes companies whose principal activities are located in countries represented by the Morgan Stanley Capital International (MSCI) Europe, Australasia and Far East (EAFE) Index. Companies generally may be considered to have principal activities in a country if they are organized or headquartered in such country or their stock principally trades in markets located in such country. The Fund may invest to a more limited extent in other developed countries such as the United States or Canada. The Fund may also invest in securities of companies that are listed, or whose principal business activities are located in emerging market countries. The Fund may invest in companies of all sizes, including small- and mid-cap companies, and may invest in initial public offerings (IPOs).
The subadviser seeks to build a portfolio of companies that trade below their underlying (intrinsic) value at the time of purchase. To identify such stocks, the subadvisers investment process utilizes bottom-up fundamental analysis that focuses on future growth in cash generation and cash returns on the capital employed in the business. Because the portfolio is focused on both growth and valuation, the portfolio has Growth at a Reasonable Price (GARP) characteristics. The subadviser calculates an intrinsic value for candidate companies using complimentary long-term forecasting techniques, and to establish an investment thesis with clearly identified investment drivers. The subadviser builds and maintains a portfolio that seeks to combine high conviction ideas, while diversifying their underlying investment drivers.
The Funds regional and country allocations, industry sector allocations and market capitalization ranges are a result of the bottom-up selection process, and may result in the Fund holding a substantial amount of assets in a single country or geographic region. The Fund may purchase or sell foreign currencies to hedge against changes in the value of the U.S. dollar or to help protect the value of foreign securities that it purchases. The subadviser adheres to a structured sell discipline by monitoring performance, target price levels, risk and the overall investment case of the stocks in the portfolio. As of the date of this Prospectus, countries represented by the MSCI EAFE Index include: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.
APINX Holdings
Top 1 holdings of AMG Managers Pictet International Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Institutional Preferred Government Money Market Fund | 97.45% |
APINX Portfolio Allocation
Asset-class allocation of AMG Managers Pictet International Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 97.5% |
APINX Performance
Total returns for APINX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.1% |
| 3 years (annualised) | 0.4% |
| 5 years (annualised) | 4.8% |
APINX Risk Information
Risk metrics for APINX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.9%
APINX Costs and Fees
APINX costs about $116 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.16%
- Gross expense ratio: 1.92%
- Portfolio turnover: 8%
- Brokerage commissions: 9.11 bps of average net assets (SEC N-CEN)
APINX Cashflows
Over the 12 months to 2024-07, AMG Managers Pictet International Fund had net inflows of $538.05K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-07 | −$233.75K |
| 2024-06 | −$1.28M |
| 2024-05 | −$434.72K |
| 2024-04 | −$481.71K |
| 2024-03 | −$226.21K |
| 2024-02 | −$725.79K |
APINX Debt Constituents
No individual debt constituents are reported in AMG Managers Pictet International Fund's latest SEC N-PORT filing.
APINX Prospectus and SEC Filings
Official AMG Managers Pictet International Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-28
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus (485BPOS) — filed 2022-02-28
- Portfolio holdings (N-PORT) — filed 2024-09-27
- Portfolio holdings (N-PORT) — filed 2024-06-27
- Portfolio holdings (N-PORT) — filed 2024-03-25
- Annual census (N-CEN) — filed 2024-01-16
- Annual census (N-CEN) — filed 2023-01-13
Related Funds
Other Alternative funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.