AMG Yacktman Focused Fund

Frequently Asked Questions About YAFFX

What does YAFFX invest in?

The AMG Yacktman Focused Fund primarily directs its capital towards equities, investing in shares of companies located in both the United States and international markets. Among its global stock holdings, the fund has the option to include exposure to securities from developing economies. Beyond its equity allocations, the fund also possesses the flexibility to invest in various fixed-income instruments. These debt investments can span a wide range, from government obligations like U.S. Treasury notes and bonds, to corporate debt of differing credit quality – including both highly-rated, investment-grade bonds and higher-risk, lower-rated instruments often referred to as high-yield or "junk" bonds. Convertible debt securities are also permissible within its fixed-income portfolio. It is important to note that the fund maintains a non-diversified investment approach.

What is the expense ratio of YAFFX?

AMG Yacktman Focused Fund (YAFFX) charges an expense ratio of 1.25%. This is the annual fee deducted from fund assets to cover management and operations.

What is YAFFX's dividend yield?

YAFFX's trailing-twelve-month yield is 14.59%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of YAFFX?

Effective duration measures YAFFX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. YAFFX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of YAFFX?

YAFFX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of YAFFX?

Yield to maturity (YTM) is the total return you'd earn from YAFFX if every bond in the portfolio is held to maturity at the current price. YAFFX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.