The AMG Montrusco Bolton Large Cap Growth Fund (Class N) showcased resilience in the first quarter of 2025, demonstrating an impressive outperformance against its benchmark. While the S&P 500® Growth Index experienced a significant decline of -8.47% during this period, the Fund registered a more moderate decrease of -5.88%, highlighting its ability to navigate a challenging market landscape effectively.
This quarter was characterized by a less favorable economic forecast and heightened market fluctuations, which broadly impacted U.S. stock performance. Nevertheless, the Fund's strategic asset allocation and selection of robust companies proved beneficial. Notably, investments in Uber Technologies, Inc., Monster Beverage Corporation, and Marsh & McLennan Companies played a crucial role in mitigating losses and contributing positively to the Fund's overall performance, reflecting a well-managed portfolio in volatile times.
For the twelve months ending March 31, 2025, the Fund recorded a return of -1.27%. This performance underscores the importance of a thoughtful investment strategy that prioritizes long-term growth and stability, even amidst short-term market downturns. The Fund's managers continue to focus on identifying and investing in high-quality businesses with strong growth potential, aiming to deliver superior risk-adjusted returns for its investors.