Fund Evaluator:
AMG Yacktman Special Opportunities Z (YASLX)
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Best Performing in Foreign Small/Mid Value Over the Last Year
| 27.8% | Causeway International Small Cap Inv (CVISX) |
| 25.1% | Moerus Worldwide N (MOWNX) |
| 21.2% | Harbor International Small Cap Instl (HAISX) |
| 20.8% | Harbor International Small Cap Investor (HIISX) |
| 16.9% | Pzena International Small Cap Value Inv (PZVIX) |
Fund Details
AMG Yacktman Special Opportunities Z Overview
AMG Yacktman Special Opportunities Z (YASLX) is an actively managed International Equity Foreign Small/Mid Value fund. AMG Funds launched the fund in 2014.
The investment seeks long-term capital appreciation. The fund's investment strategy consists of purchasing securities where the Subadviser believes the current market price offers a meaningful discount to intrinsic value (with value measured on an absolute basis, rather than on a relative basis to the broader market). It invests primarily in domestic and foreign equity securities, including emerging market securities, of any market capitalization range. The fund, however, may also invest in domestic and foreign debt securities. It is non-diversified.
About AMG Yacktman Special Opportunities Z (YASLX)
There are 1 members of the management team with an average tenure of 12.09 years: Adam Sues (2014). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI All Cap NR USD index with a weighting of 100%. AMG Yacktman Special Opportunities Z has 42 securities in its portfolio. The top 10 holdings constitute 60.3% 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 Special Opportunities Z is part of the Equity global asset class and is within the International Equity fund group. AMG Yacktman Special Opportunities Z has 83.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 15.1%. There is 83.9% 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 Yacktman Special Opportunities Z has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $16 million in total assets, which is below the $797 million average for the Foreign Small/Mid 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.
YASLX 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 Special Opportunities Z expense ratio is high compared to funds in the Foreign Small/Mid Value category. AMG Yacktman Special Opportunities Z has an expense ratio of 0.86%, which is 13% lower than its category average, making the fund expense ratio grade a B. 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 Special Opportunities Z has a portfolio turnover rate of 7%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 43% for the Foreign Small/Mid Value category.
Recently, in the month of July 2026, AMG Yacktman Special Opportunities Z returned 4.1%, which earned it a grade of C, as the Foreign Small/Mid Value category had an average return of 4.9%. 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 Special Opportunities Z has a trailing yield of 3.18%, which is above the 2.88% 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 Special Opportunities Z Grades
Year to date, the fund has returned 17.5%, 7.4 percentage points better than the category, which translates into a grade of A. The fund has returned 22.1% over the past year (grade of C), 10.2% over the past three years (grade of F) and 4.6% per year over the past five years (grade of F) and 9.9% per year over the past 10 years (grade of C).
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YASLX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| YASLX Return (NAV) | 4.1% | 1.8% | 22.1% | 10.2% | 4.6% | 9.9% |
| YASLX Grade | C | D | C | F | F | C |
| +/- Category | -0.8% | -1.4% | 0.4% | -7.5% | -5.8% | 0.2% |
| Foreign Small/Mid Value Avg | 4.9% | 3.1% | 21.7% | 17.7% | 10.4% | 9.7% |
| YASLX Tax Cost Ratio | na | na | 1.5% | 2.5% | 1.8% | 1.8% |
YASLX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| YASLX Return (NAV) | 17.5% | 10.3% | 5.9% | 3.4% | -13.6% | 24.4% | 12.8% | 10.3% | -10.1% | 34.8% | 25.0% |
| YASLX Grade | A | F | B | F | D | A | A | D | A | A | A |
| +/- Category | 7.4% | -25.6% | 0.4% | -16.3% | -1.9% | 8.9% | 5.9% | -7.8% | 9.5% | 7.9% | 15.7% |
| Foreign Small/Mid Value Avg | 10.1% | 36.0% | 5.6% | 19.7% | -11.6% | 15.6% | 6.9% | 18.1% | -19.6% | 27.0% | 9.4% |
| Risk Measures | |
| Standard Deviation: | 12.7% |
| Total Risk Index: | 1.04 - Average |
| Category Risk Index: | 0.88 - Low |
| Category Risk Grade: | A (10% Rank) |
| Beta: | 0.67 |
| R-Squared: | 52% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | na |
| Yield: | 3.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $23 Mil |
| Fund Total Assets: | $ 16 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 7% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 12.1 years | |||
| Average Tenure: 12.1 years | |||
| Managers (Year): Sues Adam (2014) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 42 |
| % in Top 10 Holdings: | 60.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 83.9% |
Portfolio Allocation |
|
| Domestic Stock: | 15.1% |
| Foreign Stock: | 83.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.0% |
Purchase Information
| Fund Family: | AMG Funds |
| Phone Number: | 800-548-4539 |
| Website: | www.amgfunds.com |
| Status: | Open |
| Inception Date: | June 30, 2014 |
| Min. Initial Purchase: | $5,000,000 |
| Min. Initial IRA Purchase: | $50,000 |
| 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 (%): | 0.86% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.98% |
| Share Class: | AMG Yacktman Special Opportunities Z |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $1,000 |
