AMG Veritas China Fund Class N (MMCFX)
| Fund Assets | 46.07M |
| Expense Ratio | 1.14% |
| Min. Investment | $2,000 |
| Turnover | 84.00% |
| Dividend (ttm) | 0.06 |
| Dividend Yield | 0.31% |
| Dividend Growth | -69.23% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 16, 2025 |
| Previous Close | 17.95 |
| YTD Return | 4.24% |
| 1-Year Return | 18.48% |
| 5-Year Return | -33.19% |
| 52-Week Low | 12.97 |
| 52-Week High | 19.58 |
| Beta (5Y) | 0.39 |
| Holdings | 42 |
| Inception Date | Jun 30, 1994 |
About MMCFX
AMG Veritas China Fund Class N is an actively managed international equity mutual fund focused on companies with significant exposure to the Chinese market. Its primary objective is to achieve long-term capital appreciation by investing at least 80% of its net assets in securities of issuers located in China or those deriving a majority of their income from China. The fund predominantly holds equity securities, including common and preferred stocks, as well as other instruments with equity characteristics such as equity-linked and participation notes. With a concentrated portfolio—typically around 30 to 40 holdings—the fund is non-diversified, resulting in a significant allocation to its top positions. Notable holdings often include major Chinese technology and consumer companies such as Tencent, Alibaba, and BYD, reflecting the fund's emphasis on sectors driving China’s economic and technological growth. Management employs a bottom-up stock selection process, targeting high-quality, efficiently run private enterprises with strong shareholder alignment. Benchmarking its performance against the MSCI China Index, the fund is positioned to capture structural growth opportunities in China’s evolving economy while reflecting the region’s volatility and idiosyncratic risks.
Performance
MMCFX had a total return of 18.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.26%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MIMFX | Class I | 0.93% |
Top 10 Holdings
61.86% of assets| Name | Symbol | Weight |
|---|---|---|
| Tencent Holdings Limited | 0700 | 17.93% |
| Alibaba Group Holding Limited | 9988 | 11.20% |
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 6.50% |
| Contemporary Amperex Technology Co., Limited | 300750 | 5.03% |
| Zijin Mining Group Company Limited | 2899 | 4.80% |
| NetEase, Inc. | 9999 | 4.76% |
| PDD Holdings Inc. | PDD | 3.68% |
| PICC Property and Casualty Company Limited | 2328 | 2.89% |
| Jiangsu Hengrui Pharmaceuticals Co Ltd Ordinary Shares - Class H | JNGHF | 2.71% |
| China Merchants Bank Co Ltd Class H | M4B.DE | 2.34% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2025 | $0.0557 | Dec 16, 2025 |
| Dec 16, 2024 | $0.181 | Dec 16, 2024 |
| Dec 14, 2023 | $0.114 | Dec 14, 2023 |
| May 27, 2021 | $26.4543 | May 27, 2021 |
| Dec 16, 2020 | $2.1151 | Dec 16, 2020 |
| Dec 16, 2019 | $3.6855 | Dec 16, 2019 |