MBEYX — AMG Chicago Equity Partners Balanced Fund
Data updated: 2024-03-15
MBEYX — AMG Chicago Equity Partners Balanced Fund. Alternative · $27.28M AUM · 0.82% expense ratio. Holdings, fees, performance and SEC filings.
MBEYX Fund Overview
MBEYX — AMG Chicago Equity Partners Balanced Fund is a US mutual fund managed by AMG ETF Trust, 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 ETF Trust
- Category: Alternative
- Assets under management: $27.28M
- 1-year return: 5.7%
- Ticker: MBEYX
- SEC CIK: 0000879947
- SEC series ID: S000009901
- Share class ID: C000027404
MBEYX Investment Objective and Strategy
AMG Chicago Equity Partners Balanced Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AMG ETF Trust.
Investment objective
The AMG Chicago Equity Partners Balanced Fund’s (the “Fund” or “CEP Balanced Fund”) investment objective is to achieve a high total investment return, consistent with the preservation of capital and prudent economic risk.
Principal investment strategy
Under normal circumstances, the Fund will invest 50-75% of its total assets in equity securities and invest the remainder in bonds and other fixed income securities, as well as cash and cash equivalents. The equity portion of the Fund is invested primarily in a diversified portfolio of U.S. common stocks, as well as other U.S. and foreign securities, including convertible securities and warrants. Normally, the equity portion of the Fund will focus on large- (generally determined by reference to the capitalization of companies in the Russell 1000 Index) and medium-sized (generally determined by reference to the capitalization of companies in the Russell Midcap Index) companies which will generally be listed on the New York or American Stock Exchanges or on NASDAQ, although the Fund may invest in companies of any size.
Based on Chicago Equity Partners, LLCs (CEP or the Subadviser) investment outlook, a portion of the Funds equity portfolio may focus on small-sized (generally determined by reference to the capitalization of companies in the Russell 2000 Index) companies which will generally be listed on the New York or American Stock Exchanges or on NASDAQ. As of May 12, 2017, the date of the latest reconstitution of the Indices (implemented by the Indices June 23, 2017), the range of market capitalizations for the Russell 1000 Index, Russell Midcap Index and Russell 2000 Index was $2.354 billion to $813.880 billion, $2.354 billion to $29.389 billion and $144 million to $4.366 billion, respectively. These capitalization ranges will change over time. CEPs innovative quantitative models combine fundamental, behavioral and sentiment factors to identify the stocks most likely to outperform their peers.
CEP combines its quantitative models with an experienced investment management team to seek to most effectively exploit market inefficiencies with the goal of generating consistent excess returns. The intended result is a well-diversified portfolio of companies with attractive valuation ratios, quality balance sheets, and positive growth and momentum expectations built through a disciplined, risk controlled process. The Fund will invest at least 25% of its total assets in fixed income securities under normal circumstances. The fixed income portion of the Fund may invest in a wide range of domestic and foreign fixed income securities, such as bonds, including non-U.S. dollar denominated bonds. The majority of the fixed income portion of the Funds foreign investments may be in bonds payable in U.S.
dollars that are issued in the United States by foreign banks and corporations. Based on CEPs investment outlook, the fixed income portion of the Fund may also invest up to 25% of the Funds total assets in below-investment grade securities (commonly known as junk bonds or high yield securities) (those rated below Baa/BBB by Moodys Investors Service, Inc. (Moodys) or Standard & Poors Ratings Services (S&P), respectively), that CEP believes do not involve undue risk to income or principal. The lowest credit-rating categories in which the Fund may invest are Caa/CCC (as rated by Moodys/S&P). Incorporating fundamental credit and market analysis, CEP invests the Funds assets in bonds with 1- to 30- year maturities. For fixed income investments, CEP follows a disciplined investment process through all market cycles combining a quantitative process with a qualitative overlay with an experienced investment management team.
The key elements of the process include sector allocation, security selection, and risk management. The Fund may invest more than 75% of its total assets in stocks if CEP considers conditions in the stock market to be more favorable than those in the bond market, and the Fund may invest less than 25% of its total assets in fixed income securities if CEP considers conditions in the bond market to be less favorable than those in the stock market.
MBEYX Holdings
Top 3 holdings of AMG Chicago Equity Partners Balanced 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 | 99.82% |
| Fannie Mae | 0.02% |
| Rbc Dominion Securities Inc. | 0.00% |
MBEYX Portfolio Allocation
Asset-class allocation of AMG Chicago Equity Partners Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 99.8% |
MBEYX Performance
Total returns for MBEYX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.7% |
| 3 years (annualised) | -4.5% |
MBEYX Risk Information
Risk metrics for MBEYX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.8%
MBEYX Costs and Fees
MBEYX costs about $82 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.82%
- Gross expense ratio: 0.98%
- Portfolio turnover: 36%
- Brokerage commissions: 4.62 bps of average net assets (SEC N-CEN)
MBEYX Cashflows
Over the 12 months to 2023-12, AMG Chicago Equity Partners Balanced Fund had net inflows of $26.10M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-12 | $11.10M |
| 2023-11 | $1.66M |
| 2023-10 | $1.38M |
| 2023-09 | $1.34M |
| 2023-08 | $875.11K |
| 2023-07 | $1.60M |
MBEYX Debt Constituents
No individual debt constituents are reported in AMG Chicago Equity Partners Balanced Fund's latest SEC N-PORT filing.
MBEYX Prospectus and SEC Filings
Official AMG Chicago Equity Partners Balanced Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus (485BPOS) — filed 2022-04-29
- Prospectus (485BPOS) — filed 2021-04-30
- Portfolio holdings (N-PORT) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2023-11-22
- Portfolio holdings (N-PORT) — filed 2023-08-18
- Annual census (N-CEN) — filed 2024-03-15
- Annual census (N-CEN) — filed 2023-03-16
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.