Adam Sues was named comanager of AMG Yacktman and AMG Yacktman Focused, effective May 1. Sues joins managers Stephen Yacktman and Jason Subotky, who have run the funds together for over a decade. Sues first joined the team as an analyst in 2013 and has managed AMG Yacktman Special Opportunities YASLX, a non-U.S. small-cap fund, since its 2014 launch. Yacktman and Subotky credit Sues with broadening their scope beyond U.S. stocks. Performance on Yacktman and Yacktman Focus has been feast or famine since Sues joined as the conservative funds lagged during market rallies and shined in sell-offs, but the team’s ability to find bargains has produced attractive risk-adjusted returns. Sues' promotion doesn’t affect either strategy’s Above Average People Pillar or Morningstar Analyst Rating of Silver.
AMG Yacktman I YACKX
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will YACKX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable YACKX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the YACKX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of YACKX’s parent organization’s priorities and whether they’re in line with investors’ interests.
AMG Yacktman and AMG Yacktman Focused Add a Comanager; Ratings Unchanged
