AMG TimesSquare Emerging Markets Small Cap Fund
Data updated: 2024-11-26
C000175128 — AMG TimesSquare Emerging Markets Small Cap Fund. Alternative · $1.95M AUM · 1.37% expense ratio. Holdings, fees, performance and SEC filings.
C000175128 Fund Overview
AMG TimesSquare Emerging Markets Small Cap Fund is a US mutual fund managed by Amg Funds, 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
- Category: Alternative
- Assets under management: $1.95M
- 1-year return: 12.6%
- SEC CIK: 0001089951
- SEC series ID: S000055628
- Share class ID: C000175128
C000175128 Investment Objective and Strategy
AMG TimesSquare Emerging Markets Small Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Amg Funds.
Investment objective
The AMG TimesSquare Emerging Markets Small Cap Fund's (the “Fund”) investment objective is to seek long-term capital appreciation.
Principal investment strategy
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 emerging market countries and invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of small capitalization companies (small cap companies). The Fund primarily invests in small cap companies located in emerging market countries, allocating investments across different countries and regions. TimesSquare Capital Management, LLC, the subadviser to the Fund (TimesSquare or the Subadviser), considers emerging market countries (including frontier markets) to be any country other than Canada, Luxembourg, the United States and the countries comprising the MSCI EAFE Index.
The Fund considers an issuer to be located in an emerging market country if (i) the issuer is organized in or maintains a principal place of business in an emerging market country, (ii) its securities are traded principally in an emerging market country, or (iii) it derives at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in an emerging market country or it has at least 50% of its assets in an emerging market country. The Subadviser considers small cap companies to be those with market capitalizations less than $5.0 billion. The Fund may continue to hold securities of a portfolio company whose market capitalization subsequently appreciates above the Funds small market capitalization threshold. Because of this, the Fund may have less than 80% of its net assets in securities of small cap companies at any given time.
To gain exposure to foreign issuers, the Fund also may invest in American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and other depositary receipts of non-U.S. listed companies, exchange-traded funds and participatory notes. The Funds investments in companies located in emerging market countries may include investments in frontier market countries. Frontier market countries are a sub-set of emerging market countries that generally have smaller, less diverse economies and even less developed capital markets and legal, regulatory, and political systems than traditional emerging markets. TimesSquare uses a bottom-up investment process driven by fundamental research conducted by its investment analysts. TimesSquare also applies a macro overlay to monitor and mitigate country risks through active management.
Under normal circumstances, the Subadviser seeks to maintain a growth oriented focus and invest the Funds assets pursuant to the following core principles: Revenue growth and profitability should drive equity returns over the long term. Early-stage and traditional growth companies should provide the greatest opportunity. Risk management with respect to the Funds 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.
C000175128 Holdings
Top 2 holdings of AMG TimesSquare Emerging Markets Small Cap 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 | 100.35% |
| Hanwha Industrial Solutions Co | 0.21% |
C000175128 Portfolio Allocation
Asset-class allocation of AMG TimesSquare Emerging Markets Small Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 100.4% |
| Equity | 0.2% |
C000175128 Performance
Total returns for C000175128 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.6% |
| 3 years (annualised) | 1.3% |
| 5 years (annualised) | 8.9% |
C000175128 Risk Information
Risk metrics for C000175128, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.5%
C000175128 Costs and Fees
C000175128 costs about $137 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.37%
- Gross expense ratio: 6.57%
- Portfolio turnover: 81%
- Brokerage commissions: 60.12 bps of average net assets (SEC N-CEN)
C000175128 Cashflows
Over the 12 months to 2024-09, AMG TimesSquare Emerging Markets Small Cap Fund had net inflows of $353.15K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | $192.08K |
| 2024-08 | $0 |
| 2024-07 | $144.09K |
| 2024-06 | −$23.14K |
| 2024-05 | $2.49K |
| 2024-04 | $2.50K |
C000175128 Debt Constituents
No individual debt constituents are reported in AMG TimesSquare Emerging Markets Small Cap Fund's latest SEC N-PORT filing.
C000175128 Prospectus and SEC Filings
Official AMG TimesSquare Emerging Markets Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-29
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus (485BPOS) — filed 2022-04-29
- Portfolio holdings (N-PORT) — filed 2024-11-26
- Portfolio holdings (N-PORT) — filed 2024-08-28
- Portfolio holdings (N-PORT) — filed 2024-05-24
- Annual census (N-CEN) — filed 2024-03-15
- Annual census (N-CEN) — filed 2023-03-16
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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.