AMG Veritas Global Focus Fund - Class N
MFQAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- AMG Funds I MA United States of America
- IPO Date
- Mar 1, 2006
- CIK
- 0000882443
- Website
- wealth.amg.com
- Similar Companies
- Business
- AMG Veritas Global Focus Fund - Class N (MFQAX) is an open-end mutual fund that seeks long-term capital appreciation and income through a concentrated portfolio of mid- to large-capitalization global equity securities, employing a bottom-up stock selection process focused on high-quality companies with strong fundamentals. The fund invests primarily in equity securities of global companies across sectors such as healthcare, industrials, technology, financial services, and consumer defensive; at least 35% of net assets are allocated to investments economically tied to non-U.S. countries, with current top holdings including Amazon.com Inc., Microsoft Corp., Unilever PLC, Vinci SA, and UnitedHealth Group Inc.; it maintains a blend style in the global large-stock blend category, with approximately 58% in U.S. stocks, 39% in non-U.S. stocks, and a net expense ratio of 1.13%. AMG Funds serves as the fund family, with assets under management around $30 million, targeting institutional and retail investors seeking equity income and capital growth through diversified global exposure. The fund is managed by Veritas Asset Management LLP, an Affiliated Managers Group (AMG) affiliate founded in 2003 and headquartered in London, United Kingdom, with an additional office in Hong Kong; Veritas specializes in global and Asian equities via long-only and long-short strategies, including global equity, global equity income, global real return, Asia, Asia real return, and China mandates, delivered through pooled funds, common contractual funds, and separate accounts for clients worldwide. AMG acquired a majority equity stake in Veritas in 2014, preserving its operational autonomy, investment independence, and management by partners such as Andy Headley (Fund Manager and Head of Global since 2021), with current leadership including Non-Executive Chairperson Arunma Oteh, Ezra Sun (Head of Asia), Nicola Smith (COO and CFO), and Antony Burgess (Head of Clients and Investment Specialists). In recent developments, the fund reported a 5.20% return for Q2 2025, trailing its benchmark amid market volatility, while maintaining its focus on absolute return generation through fundamental research and value discipline. Portfolio management saw Ian Clark join as a manager in December 2023, complementing the experienced team amid ongoing emphasis on global diversification. Veritas continues to leverage its real return approach for client capital preservation across U.K. and global markets, with no major acquisitions, funding rounds, or strategic shifts reported in the last 1-2 years.