Fund Evaluator:
AMG Yacktman Focused N (YAFFX)
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Best Performing in Global Large-Stock Value Over the Last Year
| 49.1% | Vanguard Global Capital Cycles Investor (VGPMX) |
| 39.6% | LSV Global Value Investor (LVAGX) |
| 39.2% | AMG Yacktman Focused N (YAFFX) |
| 38.2% | T. Rowe Price Glbl Val Eq (TRGVX) |
| 36.5% | PGIM Jennison Global Equity Income Z (JDEZX) |
Fund Details
AMG Yacktman Focused N Overview
AMG Yacktman Focused N (YAFFX) is an actively managed International Equity Global Large-Stock Value fund. AMG Funds launched the fund in 1997.
The investment seeks long-term capital appreciation and, to a lesser extent, current income. The fund invests primarily in domestic and foreign equity securities. Its investments in foreign equity securities may include emerging market securities. The fund also may invest in debt securities. Its investments in debt securities may include U.S. Treasury notes and bonds, investment grade corporate debt securities, convertible debt securities and debt securities below investment grade (high yield or junk bonds). The fund is non-diversified.
About AMG Yacktman Focused N (YAFFX)
There are 3 members of the management team with an average tenure of 15.06 years: Jason Subotky (2009), Adam Sues (2021), Stephen Yacktman (2002). 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 Value TR USD index with a weighting of 100%. AMG Yacktman Focused N has 52 securities in its portfolio. The top 10 holdings constitute 51.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
AMG Yacktman Focused N is part of the Equity global asset class and is within the International Equity fund group. AMG Yacktman Focused N has 50.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 36.2%. There is 50.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 3.5% (3.5% domestic bond, 0.0% foreign bond and 0.0% convertible bond). AMG Yacktman Focused N has 9.9% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is above the $492 million average for the Global Large-Stock Value 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.
YAFFX 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 Yacktman Focused N expense ratio is high compared to funds in the Global Large-Stock Value category. AMG Yacktman Focused N has an expense ratio of 1.25%, which is 18% 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 Yacktman Focused N has a portfolio turnover rate of 1%, indicating that holds its assets around 1.0 years. By way of comparison, the average portfolio turnover is 48% for the Global Large-Stock Value category.
Recently, in the month of June 2026, AMG Yacktman Focused N returned -3.7%, which earned it a grade of F, as the Global Large-Stock Value category had an average return of -0.1%. 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 Yacktman Focused N has a trailing yield of 4.54%, which is above the 1.80% 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 Yacktman Focused N Grades
Year to date, the fund has returned 22.1%, 12.5 percentage points better than the category, which translates into a grade of A. The fund has returned 39.2% over the past year (grade of A), 18.3% over the past three years (grade of B) and 11.1% per year over the past five years (grade of B) and 13.1% per year over the past 10 years (grade of A).
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YAFFX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| YAFFX Return (NAV) | -3.7% | 10.8% | 39.2% | 18.3% | 11.1% | 13.1% |
| YAFFX Grade | F | B | A | B | B | A |
| +/- Category | -3.6% | 2.3% | 18.2% | 1.5% | 0.8% | 2.7% |
| Global Large-Stock Value Avg | -0.1% | 8.5% | 21.0% | 16.8% | 10.2% | 10.4% |
| YAFFX Tax Cost Ratio | na | na | 4.8% | 2.8% | 2.3% | 2.8% |
YAFFX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| YAFFX Return (NAV) | 22.1% | 23.9% | 0.7% | 16.4% | -8.1% | 16.5% | 17.3% | 19.1% | 2.9% | 20.0% | 11.3% |
| YAFFX Grade | A | C | F | B | C | F | A | F | A | C | B |
| +/- Category | 12.5% | -0.6% | -9.0% | 1.6% | 1.1% | -2.7% | 12.7% | -3.8% | 13.4% | 1.0% | 2.0% |
| Global Large-Stock Value Avg | 9.7% | 24.5% | 9.8% | 14.8% | -9.1% | 19.2% | 4.5% | 23.0% | -10.5% | 19.0% | 9.3% |
| Risk Measures | |
| Standard Deviation: | 14.2% |
| Total Risk Index: | 1.17 - Above Average |
| Category Risk Index: | 1.22 - High |
| Category Risk Grade: | F (98% Rank) |
| Beta: | 0.88 |
| R-Squared: | 61% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 4.5% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $3079 Mil |
| Fund Total Assets: | $1,483 Mil |
| Share Class Type: | N |
| Portfolio Turnover: | 1% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 23.5 years | |||
| Average Tenure: 15.1 years | |||
| Managers (Year): Yacktman Stephen (2002), Subotky Jason (2009), Sues Adam (2021) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 52 |
| % in Top 10 Holdings: | 51.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 50.4% |
Portfolio Allocation |
|
| Domestic Stock: | 36.2% |
| Foreign Stock: | 50.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 3.5% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 9.9% |
Purchase Information
| Fund Family: | AMG Funds |
| Phone Number: | 800-548-4539 |
| Website: | www.amgfunds.com |
| Status: | Open |
| Inception Date: | May 1, 1997 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.25% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.06% |
| Share Class: | AMG Yacktman Focused N |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
