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Is AMG TimesSquare International Small Cap N (TCMPX) a Strong Mutual Fund Pick Right Now?
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Mutual Fund Equity Report fund seekers should not consider taking a look at AMG TimesSquare International Small Cap N (TCMPX - Free Report) at this time. TCMPX holds a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
AMG Funds is based in Greenwich, CT, and is the manager of TCMPX. AMG TimesSquare International Small Cap N made its debut in January of 2013, and since then, TCMPX has accumulated about $11.06 million in assets, per the most up-to-date date available. The fund is currently managed by Magnus Larsson who has been in charge of the fund since January of 2013.
Performance
Of course, investors look for strong performance in funds. This fund carries a 5-year annualized total return of -2.9%, and is in the bottom third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of -4.64%, which places it in the bottom third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, TCMPX's standard deviation comes in at 19.26%, compared to the category average of 16.17%. Over the past 5 years, the standard deviation of the fund is 21.6% compared to the category average of 17.25%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should note that the fund has a 5-year beta of 1.01, so it is likely going to be as volatile as the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. TCMPX's 5-year performance has produced a negative alpha of -11.3, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, TCMPX is a no load fund. It has an expense ratio of 1.29% compared to the category average of 1.13%. So, TCMPX is actually more expensive than its peers from a cost perspective.
This fund requires a minimum initial investment of $2,000, and each subsequent investment should be at least $100.
Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.
Bottom Line
Overall, AMG TimesSquare International Small Cap N ( TCMPX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, average downside risk, and higher fees, AMG TimesSquare International Small Cap N ( TCMPX ) looks like a somewhat weak choice for investors right now.
This could just be the start of your research on TCMPXin the Mutual Fund Equity Report category. Consider going to www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible.
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Is AMG TimesSquare International Small Cap N (TCMPX) a Strong Mutual Fund Pick Right Now?
Mutual Fund Equity Report fund seekers should not consider taking a look at AMG TimesSquare International Small Cap N (TCMPX - Free Report) at this time. TCMPX holds a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
AMG Funds is based in Greenwich, CT, and is the manager of TCMPX. AMG TimesSquare International Small Cap N made its debut in January of 2013, and since then, TCMPX has accumulated about $11.06 million in assets, per the most up-to-date date available. The fund is currently managed by Magnus Larsson who has been in charge of the fund since January of 2013.
Performance
Of course, investors look for strong performance in funds. This fund carries a 5-year annualized total return of -2.9%, and is in the bottom third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of -4.64%, which places it in the bottom third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, TCMPX's standard deviation comes in at 19.26%, compared to the category average of 16.17%. Over the past 5 years, the standard deviation of the fund is 21.6% compared to the category average of 17.25%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should note that the fund has a 5-year beta of 1.01, so it is likely going to be as volatile as the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. TCMPX's 5-year performance has produced a negative alpha of -11.3, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, TCMPX is a no load fund. It has an expense ratio of 1.29% compared to the category average of 1.13%. So, TCMPX is actually more expensive than its peers from a cost perspective.
This fund requires a minimum initial investment of $2,000, and each subsequent investment should be at least $100.
Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.
Bottom Line
Overall, AMG TimesSquare International Small Cap N ( TCMPX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, average downside risk, and higher fees, AMG TimesSquare International Small Cap N ( TCMPX ) looks like a somewhat weak choice for investors right now.
This could just be the start of your research on TCMPXin the Mutual Fund Equity Report category. Consider going to www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible.