MCMAX — AMG Managers Cadence Mid Cap Fund
Data updated: 2021-04-26
MCMAX — AMG Managers Cadence Mid Cap Fund. United States Real Estate · $94.19M AUM · 1.07% expense ratio. Holdings, fees, performance and SEC filings.
MCMAX Fund Overview
MCMAX — AMG Managers Cadence Mid Cap Fund is a US mutual fund managed by Amg Funds III, categorised as United States Real Estate. 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 III
- Category: United States Real Estate
- Assets under management: $94.19M
- 1-year return: 46.3%
- Ticker: MCMAX
- SEC CIK: 0000720309
- SEC series ID: S000029674
- Share class ID: C000091195
MCMAX Investment Objective and Strategy
AMG Managers Cadence Mid Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Amg Funds III.
Investment objective
The AMG Managers Cadence Mid Cap Fund’s (the “Fund”) investment objective is to seek growth of capital.
Principal investment strategy
Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks of U.S. companies with medium market capitalizations. The Fund primarily invests in common stocks of mid-capitalization companies. Cadence Capital Management LLC (“Cadence” or the “Subadviser”) employs a “growth-at-a-reasonable-price” (“GARP”) investment philosophy for the Fund to seek to invest in companies that exhibit both growth and value characteristics. The Fund currently defines medium market capitalization companies as those with a market capitalization within the market capitalization range of the companies represented in the Russell Midcap ® Index (between $2.5 billion and $34.7 billion as of May 11, 2018, the date of the latest reconstitution of the Index (implemented by the Index June 22, 2018)).
This capitalization range will change over time. The Subadviser ranks the stocks in this universe based on a series of growth criteria, such as the change in consensus earnings estimates over time, the company’s history in meeting earnings targets, earnings quality, and improvements in return on capital, and a series of value criteria, such as price-to-earnings ratios and free cash flow relative to enterprise value. The Subadviser then subjects the most attractively ranked stocks in the universe to an analysis of company factors, such as strength of management, competitive industry position and business prospects, and financial statement data, such as earnings, cash flows and profitability. The Subadviser may emphasize or deemphasize one or more of these growth or value criteria, or use other criteria, when selecting investments for the Fund.
The Fund may invest a portion of its assets in real estate investment trusts (“REITs”).
MCMAX Performance
Total returns for MCMAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 46.3% |
MCMAX Risk Information
Risk metrics for MCMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 29.5%
MCMAX Costs and Fees
MCMAX costs about $107 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.07%
- Gross expense ratio: 1.12%
- Portfolio turnover: 57%
- Brokerage commissions: 6.74 bps of average net assets (SEC N-CEN)
MCMAX Cashflows
Over the 12 months to 2021-02, AMG Managers Cadence Mid Cap Fund had net inflows of $49.21M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-02 | $1.53M |
| 2021-01 | $5.14M |
| 2020-12 | $2.81M |
| 2020-11 | $1.95M |
| 2020-10 | $24.61M |
| 2020-09 | $1.44M |
MCMAX Debt Constituents
No individual debt constituents are reported in AMG Managers Cadence Mid Cap Fund's latest SEC N-PORT filing.
MCMAX Prospectus and SEC Filings
Official AMG Managers Cadence Mid Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-09-28
- Prospectus (485BPOS) — filed 2019-10-23
- Prospectus (485BPOS) — filed 2018-10-23
- Portfolio holdings (N-PORT) — filed 2021-04-26
- Portfolio holdings (N-PORT) — filed 2021-01-27
- Portfolio holdings (N-PORT) — filed 2020-10-27
- Annual census (N-CEN) — filed 2020-08-13
- Annual census (N-CEN) — filed 2019-08-12
Related Funds
Other United States Real Estate 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.