AMG Veritas China Fund Class N
MMCFX
NASDAQ18.65
USD
-0.39
- -
CIK
0000882443
ISIN
US00170J7550
CUSIP
00170J755
Return %
Stock
S&P500
1Y
23.43
19.01
3Y
18.71
65.49
5Y
-31.76
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Thomas L. Press
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Greenwich, Connecticut 06830 Fairport NY United States of America 14450
- IPO Date
- Jul 7, 1994
- CIK
- 0000882443
- Website
- manning-napier.com
- Similar Companies
- Business
- AMG Veritas China Fund Class N (MMCFX) is an open-ended investment company that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of issuers located in China or deriving a majority of their income from China; the fund employs a growth-oriented strategy focused on large-cap stocks across sectors including communication services, consumer cyclical, technology, industrials, and financial services, with top holdings such as Tencent Holdings Ltd, Alibaba Group Holding Ltd, Taiwan Semiconductor Manufacturing Co Ltd, Contemporary Amperex Technology Co Ltd, and NetEase Inc. Domiciled in the United States and available for sale primarily to U.S. investors, the fund maintains a portfolio heavily weighted toward non-U.S. stocks (97.30%), emerging Asia (86.12%), and developed Asia (11.17%), with a net expense ratio of 1.14% and minimum initial investment of $2,000. Launched on June 30, 1994, MMCFX is managed by Affiliated Managers Group (AMG), with sub-advisory provided by Veritas Asset Management, an AMG affiliate founded in 2003 and headquartered in London, United Kingdom, with an additional office in Hong Kong; Veritas applies its Real Return Approach, emphasizing fundamental research, value discipline, and absolute return targets through long-only mandates for this vehicle. Recent developments include portfolio management continuity under Ezra Sun (since May 2021) and Xiaoyu Liu (since November 2022), alongside strong year-to-date performance of 41.52% as of September 30, 2025, driven by holdings in high-growth Chinese tech and consumer names amid market recovery; the fund reported total net assets of $48.28 million, reflecting sustained institutional and retail interest in China-focused strategies. Veritas continues to expand its Asia and China capabilities as part of AMG's affiliate network since 2014, with no major acquisitions, funding rounds, or structural changes announced in the past 1-2 years, maintaining focus on Greater China equities for investors seeking exposure to the region's dynamic markets.