Fund Evaluator:

AMG Renaissance Large Cap Growth N Overview

AMG Renaissance Large Cap Growth N (MRLTX) is an actively managed U.S. Equity Large Growth fund. AMG Funds launched the fund in 2009.

The investment seeks to provide investors with long-term capital appreciation. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of large-capitalization companies. The subadviser considers the term "large-capitalization" companies to generally refer to companies that, at the time of purchase, have a minimum market capitalization of approximately $3 billion. It invests primarily in common stocks of U.S. large-capitalization companies.

About AMG Renaissance Large Cap Growth N (MRLTX)

There are 2 members of the management team with an average tenure of 11.86 years: Andy Eng (2020), Michael Schroer (2009). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Growth TR USD index with a weighting of 100%. AMG Renaissance Large Cap Growth N has 56 securities in its portfolio. The top 10 holdings constitute 28.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

AMG Renaissance Large Cap Growth N is part of the Equity global asset class and is within the U.S. Equity fund group. AMG Renaissance Large Cap Growth N has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.6%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). AMG Renaissance Large Cap Growth N has 1.4% of the portfolio in cash.

Assets Under Management

The fund has $61 million in total assets, which is below the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MRLTX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The AMG Renaissance Large Cap Growth N expense ratio is high compared to funds in the Large Growth category. AMG Renaissance Large Cap Growth N has an expense ratio of 1.00%, which is 4% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. AMG Renaissance Large Cap Growth N has a portfolio turnover rate of 43%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.

Recently, in the month of July 2026, AMG Renaissance Large Cap Growth N returned -1.8%, which earned it a grade of B, as the Large Growth category had an average return of -3.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

AMG Renaissance Large Cap Growth N has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

AMG Renaissance Large Cap Growth N Grades

Year to date, the fund has returned 3.5%, 0.3 percentage points worse than the category, which translates into a grade of C. The fund has returned 5.9% over the past year (grade of D), 13.6% over the past three years (grade of F) and 9.4% per year over the past five years (grade of C) and 14.0% per year over the past 10 years (grade of D).

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