Morningstar® Investment Profile™   Morningstar®
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AMG TimesSquare Mid Cap Growth N  TMDPX
Release date as of 2019-10-31. Data on page is subject to change.
Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2019-10-31
Out of 556
Mid-Cap Growth Funds
Morningstar®
Style Box™
What is this?
As of 2019-09-30
Total Fund Assets ($ Mil)
1,847.29
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to achieve long-term capital appreciation.
The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in common and preferred stocks of U.S. mid-capitalization companies. The subadvisor considers the term "mid-capitalization companies" to refer to companies that, at the time of purchase, are within the range of capitalizations of companies in the Russell Midcap® Growth Index.
  Morningstar Category: Mid-Cap Growth
Some mid-cap growth portfolios invest in stocks of all sizes, thus leading to a mid-cap profile, but others focus on midsize companies. Mid-cap growth portfolios target U.S. firms that are projected to grow faster than other mid-cap stocks, therefore commanding relatively higher prices. The U.S. mid-cap range for market capitalization typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). 
  Performance
Growth of $10,000
(from 2009-01-01 to 2019-10-31)
Investment: AMG TimesSquare Mid Cap Growth N
Benchmark 1: S&P 500 TR USD
Benchmark 2: Russell Mid Cap Growth TR USD
Category: Mid-Cap Growth
This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden.
Total Annualized Returns %
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Investment 29.40 18.99 16.16 10.52 13.46 10.16
S&P 500 TR USD 23.16 14.33 14.91 10.78 13.70 8.64
Russell Mid Cap Growth TR USD 27.56 18.93 16.81 10.92 14.76 9.86
Category 24.31 14.13 15.08 9.49 13.18 8.16
Morningstar Rating --- --- ---
# of compared Mid-Cap Growth funds covered (3 yrs : out of 556 funds) (5 yrs : out of 495 funds) (10 yrs : out of 384 funds)
Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods.
Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.
Fees and Expenses
Total Annual Operating Expense 1.18%
Prospectus Net Expense Ratio 1.18%
Maximum Sales Charge ---
The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio.
Waiver Data
Type Date %
--- --- --- ---
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 92.8
Bullet Non-U.S. Stocks Non-U.S. Stocks 4.9
Bullet Bonds Bonds 0.0
Bullet Cash Cash 2.3
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2019-09-30
Morningstar Equity Sectors
% of Stocks
Cyclical 34.09
Basic Materials 2.80
Consumer Cyclical 13.36
Financial Services 10.36
Real Estate 7.57
Sensitive 53.83
Communication Services 1.51
Energy 0.00
Industrials 26.12
Technology 26.20
Defensive 12.09
Consumer Defensive 3.59
Healthcare 8.50
Utilities 0.00
Data through 2019-09-30
Holding Status
Total Number of Stock Holdings 76
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 26.03
Turnover % (as of 2018-12-31) 59.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Assets
Progressive Corp 18.94 4.27
Global Payments Inc 35.09 3.89
CBRE Group Inc Class A 22.78 3.50
Booz Allen Hamilton Holding Corp Class A 21.32 2.56
TransUnion 29.76 2.24
SBA Communications Corp --- 2.09
Fleetcor Technologies Inc 24.81 2.08
Vertex Pharmaceuticals Inc --- 1.81
CoStar Group Inc 90.09 1.81
O'Reilly Automotive Inc 20.88 1.78
Data through 2019-09-30
  Principal Risks   
Loss of Money, Not FDIC Insured, Growth Investing, Active Management, Market/Market Volatility, Industry and Sector Investing, Mid-Cap
Show Risk Definitions
  Other Information
Inception Date: 2005-03-04
Portfolio Manager(s)
Grant R. Babyak   (2005-03-04)
Grant is a Senior Founding Partner, Managing Director, and Portfolio Manager in TimesSquare’s growth equity group. He is also a member of the three-person Management Committee that oversees TimesSquare. Prior to joining TimesSquare in 2000, Grant managed small cap and mid cap portfolios at Fiduciary Trust Company International. He previously worked for six years at Avatar Associates as an institutional portfolio manager and for two years at U.S. Trust Company of New York as an analyst covering the consumer and basic industrial sectors. Grant has a B.A. in Political Science from Yale University and an M.B.A. in Finance from the Leonard N. Stern School of Business at New York University.
Ian Anthony Rosenthal   (2005-03-04)
Rosenthal is managing director and senior portfolio manager for TimesSquare Capital Management, his employer since 2000. Prior to TimesSquare, he was vice president at Fiduciary Trust Company from 1996 to 2000. Prior experience includes three years at the Bank of New York as an equity portfolio manager and analyst and time at U.S. Trust Company of New York, where he conducted economic research. Mr. Rosenthal has a B.A. in Economics from Wesleyan University and an M.B.A. from Columbia Business School. He is a member of the CFA Institute and the New York Society of Security Analysts.
Investment Advisor(s)
AMG Funds LLC
Issuer
AMG Funds
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.