MMAVX — AMG FQ Global Risk-Balanced Fund

Data updated: 2022-09-26

MMAVX — AMG FQ Global Risk-Balanced Fund. Total Return Allocation · $20.44M AUM · 1.51% expense ratio. Holdings, fees, performance and SEC filings.

MMAVX Fund Overview

MMAVX — AMG FQ Global Risk-Balanced Fund is a US mutual fund managed by AMG Funds I, categorised as Total Return Allocation. 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 I
Category: Total Return Allocation
Assets under management: $20.44M
1-year return: -15.3%
Ticker: MMAVX
SEC CIK: 0000882443
SEC series ID: S000009907
Share class ID: C000081947

MMAVX Investment Objective and Strategy

AMG FQ Global Risk-Balanced Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AMG Funds I.

Investment objective

"The AMG FQ Global Risk-Balanced Fund's (the ""Fund"") investment objective is to maximize total return."

Principal investment strategy

"The Fund seeks to provide a diversified, risk-balanced global market portfolio. The Fund attempts to balance risk and return by gaining exposure, generally through derivative instruments, to global equities, debt, currency markets, and commodities utilizing a proprietary dynamic asset allocation process. The Fund will invest in issuers, and/or have investments that expose the Fund to issuers, organized, located, or doing a substantial amount of business in a minimum of three countries, including the United States. Under normal circumstances, the Fund will invest at least 40% of its net assets, plus the amount of any borrowing for investment purposes, in issuers organized, located, or doing a substantial amount of business outside the United States, including investments that expose the Fund to such issuers.

First Quadrant, L.P.'s (""First Quadrant"" or the ""Subadviser"") proprietary investment process is designed to seek to provide a diversified, risk-balanced global market portfolio. First Quadrant utilizes a risk-based approach and seeks to rebalance the Fund to manage portfolio risk. Applying this process, the Fund seeks to provide greater capital loss protection during down markets than traditional balanced portfolios, as well as participate in market gains. Generally, the Fund intends to allocate to the following asset classes: Inflation-Protected Securities ? Generally through investments in exchange traded funds (""ETFs"") and cash sovereign bonds. Sovereign (Foreign Country) Debt ? Generally through futures on foreign country debt indices and cash sovereign bonds, which may be used to increase income or hedge against the Fund's risks related to global equity exposure.

Global (U.S. and Non-U.S.) Equities ? Generally through equity investments and futures on equity country indices, although the Fund may also seek to gain exposure to various sectors by investing in ETFs. High Yield Bonds ? Generally through investments in ETFs and derivatives such as total return swaps, which may be used for diversification or other purposes. Commodities ? Generally through investments exposed to companies in the commodities sector and instruments linked to a commodity index or futures contract(s), particularly ETFs and exchange-traded notes (""ETNs""). Currency Markets ? Generally through the use of derivative instruments such as foreign currency forwards on developed or emerging currencies. In addition to the above, First Quadrant will generally maintain exposures to developed and emerging markets, small capitalization securities, and real estate investment trusts (""REITs"").

In selecting equity investments for the Fund, First Quadrant is not constrained by any particular investment style or capitalization range. In selecting debt investments for the Fund, First Quadrant has the flexibility to invest in debt-related investments of any credit quality and with any duration. The Fund may achieve long and short exposure to global equity, bond, and currency markets through a wide range of derivative instruments and direct investments. The Fund may take short positions in futures, including futures on indices and interest rate futures. The Fund may also invest directly in global equity securities and global fixed-income securities. In addition, the Fund may invest in commodity-linked derivative instruments and investment vehicles that exclusively invest in various commodities or have economic exposure to commodities."

MMAVX Performance

Total returns for MMAVX (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-15.3%
3 years (annualised)	-5.1%

MMAVX Risk Information

Risk metrics for MMAVX, derived from monthly returns in SEC filings.

1-year volatility (annualised): 8.8%

MMAVX Costs and Fees

MMAVX costs about $151 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.51%
Gross expense ratio: 1.65%
Portfolio turnover: 35%
Brokerage commissions: 6.29 bps of average net assets (SEC N-CEN)

MMAVX Cashflows

Over the 12 months to 2022-07, AMG FQ Global Risk-Balanced Fund had net inflows of $14.24M, from monthly SEC N-PORT filings.

Month	Net flow
2022-07	$6.34M
2022-06	$1.90M
2022-05	$264.24K
2022-04	$459.45K
2022-03	$565.95K
2022-02	$255.48K

MMAVX Debt Constituents

No individual debt constituents are reported in AMG FQ Global Risk-Balanced Fund's latest SEC N-PORT filing.

MMAVX Prospectus and SEC Filings

Official AMG FQ Global Risk-Balanced Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Total Return Allocation 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.