AMG Veritas China Fund Class N (MMCFX)

Fund Assets	39.73M
Expense Ratio	1.105%
Min. Investment	$2,000
Turnover	84.00%
Dividend (ttm)	0.06
Dividend Yield	0.35%
Dividend Growth	-69.23%
Payout Frequency	Annual
Ex-Dividend Date	Dec 16, 2025

Previous Close	15.85
YTD Return	-7.38%
1-Year Return	-11.98%
5-Year Return	-31.39%
52-Week Low	15.85
52-Week High	19.17
Beta (5Y)	0.44
Holdings	39
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.

• Fund Family: AMG Funds
• Category: China Region
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MMCFX
• Share Class: Class N
• Index: MSCI China NR USD

Performance

MMCFX had a total return of -11.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.15%.

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

57.53% of assets

Name	Symbol	Weight
Taiwan Semiconductor Manufacturing Company Limited	2330	11.22%
Tencent Holdings Limited	0700	9.81%
Alibaba Group Holding Limited	9988	7.49%
Zijin Mining Group Company Limited	2899	5.35%
Industrial and Commercial Bank of China Limited	1398	4.61%
Samsung Electronics Co Ltd DR	SSU.DE	4.37%
Contemporary Amperex Technology Co., Limited	300750	4.21%
WuXi AppTec Co., Ltd.	2359	3.52%
Weichai Power Co., Ltd.	2338	3.50%
Innovent Biologics, Inc.	1801	3.43%

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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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