AMG Yacktman Focused Fund

AMG Funds · 2 share classes

Actively managed global equity fund
One fund, 2 share classes:YAFFXYAFIX
$3.08B NAV
55 positions · as of 2026-06-30 · filed 2026-08-27

Fund classification

Classified from what the fund holds · as of 2026 Q2

AMG Yacktman Focused Fund is an actively managed global equity fund.

Asset class
Equity
Region
Global
Management
Actively managed
Fund type
Open-end fund
Features
Non-diversified

Fund profile

As filed in the prospectus · 2026 Q2

The AMG Yacktman Focused Funds (the Fund) investment objective is to seek long-term capital appreciation and, to a lesser extent, current income.

Strategy · summarised

The fund is managed by subadviser Yacktman Asset Management, which selects securities across market capitalizations based on a disciplined process seeking companies with good business fundamentals, shareholder-oriented management, or low valuation. The fund invests primarily in equities but may hold up to 20% in debt securities including high-yield bonds, and maintains flexibility to concentrate assets in a small number of issuers, sectors, or industries at the subadviser's discretion. Because the fund is non-diversified and may invest substantially in few issuers, performance depends heavily on those individual security selections.

Expenses
1.06% 1.25%across 2 share classes
Share classExpense ratio
YAFFX1.25%
YAFIX1.06%

Portfolio turnover 1.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

98.57%
of net assets
Stocks85.39%
Cash & short-term8.80%
Bonds4.37%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
International47.1%
Consumer Staples8.1%
Financials7.9%
Communication Services5.7%
9 smaller31.2%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 6 new3 exited

New: BRK/B, INTU, UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT, STATE OF WISCONSIN INVESTMENT BOARD, BR, DAIWA CAPITAL MARKETS AMERICA INC.

Exited: United States Treasury Bills, CITADEL SECURITIES LLC, NATIONAL BANK FINANCIAL INC.

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+46.35%+62.42%+67.84%16.65%-7.98%
+46.58%+63.40%+69.50%16.56%-7.91%

These classes hold the same portfolio, so the 1.66pp spread over 5 years is the cost difference between them — roughly 0.33pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30

Avg coupon
1.21%
Avg maturity
1.11 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

0%
floating
Zero-coupon or unclassified83.3%
Fixed rate16.7%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y3-5y
<1y83.3%
3-5y16.7%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
SAMSUNG ELECTRONICS CO LTD13.74%$423.07M
CANADIAN NATURAL RESOURCES LTDCNQ7.31%$225.15M
BOLLORE SE6.17%$190.09M
JPMORGAN TRUST IIMGMXX4.89%$150.63M
BERKSHIRE HATHAWAY INCBRK/B4.55%$140.11M
ASSOCIATED BRITISH FOODS PLC4.27%$131.44M
HYUNDAI MOBIS COMPANY LTD3.21%$98.80M
FIXED INCOME CLEARING CORPORATION3.12%$96.00M
U-HAUL HOLDING COMPANYUHAL/B3.07%$94.63M
HYUNDAI MOTOR COMPANY2.77%$85.24M
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Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 53.09% of net assets, top 25 78.23%, across 51 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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