AMG Funds - AMG Yacktman Focused Fund
YAFIX
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USD
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Capital Structure
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in mil. unless spec.Working Capital
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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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 680 Washington Boulevard, Suite 500 Stamford CT United States of America 06901
- IPO Date
- Jul 24, 2012
- CIK
- 0001089951
- Website
- wealth.amg.com
- Similar Companies
- Business
- AMG Yacktman Focused Fund (YAFIX) is an open-end mutual fund that seeks long-term capital appreciation and, to a lesser extent, current income by investing primarily in a concentrated portfolio of domestic and foreign equity securities of companies of any market capitalization, with a focus on value-oriented strategies; its portfolio typically emphasizes high-conviction positions across sectors such as communication services, technology, consumer defensive, energy, and consumer cyclical, including top holdings like Samsung Electronics Co Ltd Participating Preferred, Bollore SE, and Canadian Natural Resources Ltd. The fund employs a bottom-up investment approach based on proprietary forward rate-of-return valuation methods, targeting mispriced securities to generate attractive risk-adjusted returns over full market cycles, with allocations to non-U.S. stocks (around 46%), U.S. stocks (around 44%), cash, and U.S. bonds. Managed by Stephen Yacktman (since 2002), Jason Subotky (since 2009), and Adam Sues (since 2021), it features a net expense ratio of 1.07% for Class I shares, total net assets of approximately $2.57 billion, and availability to U.S. investors with a minimum initial investment of $100,000. Yacktman Asset Management LP, the fund's sub-advisor and an affiliate of Affiliated Managers Group, Inc. (AMG) since AMG acquired a majority equity interest in 2012, was founded in 1992 and is headquartered in Austin, Texas. AMG, a global asset management firm founded in 1993 and headquartered in West Palm Beach, Florida, provides strategic partnership, growth capital, and distribution support to affiliates like Yacktman, enabling access to U.S. wealth platforms and international vehicles such as UCITS funds. The fund operates within the global large-stock value category, targeting institutional and high-net-worth investors seeking equity exposure with downside protection. Recent developments include a benchmark change effective June 30, 2020, to the Russell 1000 Value Index as primary and secondary benchmarks, enhancing alignment with value strategies; ongoing portfolio adjustments as of Q3 2025, with the fund returning 4.98% for the quarter amid a risk-focused approach in expensive markets and a 13F portfolio value of $7.26 billion across 70 holdings; and mid-2025 performance updates for related Yacktman strategies, such as the Special Opportunities Fund's 8.44% return for the six months ending June 30, 2025. No major acquisitions, funding rounds, or structural reorganizations have been reported for the fund or Yacktman in the last 1-2 years, with emphasis instead on disciplined capital allocation and sector rotations within AMG's broader affiliate network managing over $700 billion in assets. The fund remains available for sale in the United States, with daily pricing and no front-end or deferred loads.