TLESX — AMG Trilogy Emerging Markets Equity Fund
Data updated: 2024-03-25
TLESX — AMG Trilogy Emerging Markets Equity Fund. Alternative · $751.96K AUM · 0.99% expense ratio. Holdings, fees, performance and SEC filings.
TLESX Fund Overview
TLESX — AMG Trilogy Emerging Markets Equity 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: $751.96K
- 1-year return: -5.6%
- Ticker: TLESX
- SEC CIK: 0001089951
- SEC series ID: S000031518
- Share class ID: C000097994
TLESX Investment Objective and Strategy
AMG Trilogy Emerging Markets Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Amg Funds.
Investment objective
The AMG Trilogy Emerging Markets Equity 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 equity securities (generally common and preferred stocks) of issuers located in emerging market countries. Trilogy Global Advisors, LP (Trilogy or the Subadviser) considers equity securities to include common and preferred stocks, initial public offering (IPO) investments, securities convertible into equities (such as warrants and convertible bonds), and securities with equity characteristics, including, but not limited to, equity linked notes and participation notes. The Fund may allocate investments across different emerging market countries. Trilogy considers emerging market countries 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 the issuer maintains its principal place of business in an emerging market country, its securities are traded principally in an emerging market country, 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 currently expects that the Funds portfolio will normally consist of between 60 to 120 securities. 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. The Fund may also invest in derivative instruments, including but not limited to swaps, such as total return swaps, equity index futures, currency forwards, exchange-traded futures, and forward foreign currency contracts.
The Subadviser uses a bottom-up investment process driven by fundamental research conducted by its investment analysts. Under normal market conditions, the Subadviser seeks to maintain a growth oriented focus and invest the Funds assets pursuant to the following core principles: ? Earnings growth 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."
TLESX Holdings
Top 1 holdings of AMG Trilogy Emerging Markets Equity 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 | 103.73% |
TLESX Portfolio Allocation
Asset-class allocation of AMG Trilogy Emerging Markets Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 103.7% |
TLESX Performance
Total returns for TLESX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.6% |
| 3 years (annualised) | -9.1% |
TLESX Risk Information
Risk metrics for TLESX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.5%
TLESX Costs and Fees
TLESX costs about $99 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.99%
- Gross expense ratio: 1.16%
- Portfolio turnover: 46%
- Brokerage commissions: 9.45 bps of average net assets (SEC N-CEN)
TLESX Cashflows
Over the 12 months to 2024-01, AMG Trilogy Emerging Markets Equity Fund had net inflows of $28.37M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-01 | $5.30M |
| 2023-12 | $15.24M |
| 2023-11 | $24.98K |
| 2023-10 | $466.57K |
| 2023-09 | $1.11M |
| 2023-08 | $358.77K |
TLESX Debt Constituents
No individual debt constituents are reported in AMG Trilogy Emerging Markets Equity Fund's latest SEC N-PORT filing.
TLESX Prospectus and SEC Filings
Official AMG Trilogy Emerging Markets Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus (485BPOS) — filed 2021-02-26
- Portfolio holdings (N-PORT) — filed 2024-03-25
- Portfolio holdings (N-PORT) — filed 2023-12-26
- Portfolio holdings (N-PORT) — filed 2023-09-28
- 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.