Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class N N I Z NAV | as of 06/20/2025 $18.06 -$0.07 (-0.39%) Morningstar | Style Box V B G L M S Morningstar Rating Rated against 1,034 Large Growth funds as of 05/31/2025 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 06/03/2009 to 05/31/2025 = $80,543.41 From: To: 3YR 5YR 10YR INCEP. INCEP. 3YR 5YR 10YR INCEP. SEE ALL PERFORMANCE The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end please call 800.548.4539. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Read Important Investment Disclosures Objective Seeks to provide long-term capital appreciation by investing in large cap domestic companies selected through proprietary quantitative modeling and bottom-up fundamental analysis. Why Consider May be appropriate for investors looking to gain exposure to U.S. large cap companies With a growth-oriented style, the Fund targets companies that have shown strong and consistent earnings growth and that trade at attractive valuations The Fund generally holds 50 to 60 stocks at any given time, depending on market conditions Documents Fact Sheet Commentary Summary Prospectus Prospectus 2024 Distributions View All Documents Investment Style AMG Renaissance Large Cap Growth Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective AMG Renaissance Large Cap Growth Fund is categorized as Large-Blend. It invests in large-cap companies with medium risk. Morningstar Ratings Risk-adjusted returns as of 05/31/2025 Overall Rating (of 1,034) 3 Years (of 1,034) 5 Years (of 952) 10 Years (of 748) Category Large Growth Read Important Investment Disclosures Michael E. Schroer, CFA MANAGING PARTNER AND CHIEF INVESTMENT OFFICER Mike has over 40 years of investment experience and has been with Renaissance since 1984. As Chief Investment Officer for Renaissance, Mike supervises the management and direction of the firm’s investment research efforts and determines overall portfolio strategy. Mike is a 1980 graduate of the University of Cincinnati and earned a master's from the Indiana University Graduate School of Business in 1982. He was awarded a Chartered Financial Analyst designation in 1985 and is a member of the CFA® Institute and the CFA Society of Cincinnati. Andy Eng, CFA PARTNER, PORTFOLIO MANAGER, SENIOR RESEARCH ANALYST Andy joined Renaissance in 2016 and is a Senior Research Analyst and Co-Portfolio Manager for our Large Cap Growth and Midcap Growth Strategies. He had over 20 years of investment experience prior to joining Renaissance and was the portfolio manager for the equity portfolio of Northwestern Mutual Life Insurance Company in Milwaukee, where he also held a variety of additional analytical and portfolio management responsibilities during his tenure. He began his investment career with AllianceBernstein. Andy graduated from the University of Illinois with a Bachelor of Science in Finance. He also earned a Master of Business Administration from Washington University in St. Louis and became a CFA charterholder in 2003. He is a member of the CFA Institute and the CFA Society of Cincinnati. Performance Performance Read Important Investment Disclosures Returns Trailing Returns Trailing Returns Monthly Quarterly Calendar Year Returns The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end please call 800.548.4539. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods shorter than one year are not annualized. Expense Ratios Gross Expense Ratio: 1.11% Net Expense Ratio: 1.00% Expense Cap Expiration Date: 05/01/2026 The Fund’s Investment Manager has contractually agreed, through 05/01/2026, to limit fund operating expenses. The net expense ratio reflects this limitation, while the gross expense ratio does not. The Fund has no up-front sales charges or deferred sales charges. Please refer to the Fund’s Prospectus for additional information on the Fund’s expenses. Distributions & Pricing Distributions Distributions Chart List Historical Pricing Calendar Year Distributions Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains Dec 16, 2024 $2.304300 — $0.270700 $2.033600 Dec 14, 2023 $1.227200 $0.010000 $0.075000 $1.142200 Dec 15, 2022 $0.999100 $0.023900 — $0.975200 Dec 15, 2021 $1.470400 $0.000200 $0.097800 $1.372400 Dec 16, 2020 $0.747400 $0.015800 $0.256200 $0.475400 Dec 16, 2019 $1.139800 $0.080900 $0.131500 $0.927400 Dec 27, 2018 $2.518800 $0.071500 $0.413300 $2.034000 Dec 27, 2017 $0.445000 $0.067000 $0.030500 $0.347500 Dec 27, 2016 $0.221700 $0.050100 $0.043200 $0.128400 Dec 28, 2015 $0.235300 — $0.036800 $0.198500 Dec 26, 2014 $2.622500 $0.030000 $0.385000 $2.207500 Dec 26, 2013 $3.781200 $0.075600 $0.585000 $3.120600 Dec 26, 2012 $0.974500 $0.009000 — $0.965500 Dec 27, 2011 $1.579000 — $0.289900 $1.289100 Dec 28, 2010 $0.351000 $0.040000 $0.295700 $0.015300 Dec 28, 2009 $0.178400 $0.024800 $0.153600 — From: To: Risk & Return Statistics As of: 05/31/2025 3YR 5YR 10YR Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. -0.62 1.67 -1.13 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 16.16 16.32 16.11 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. 0.61 0.78 0.65 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 68.05 68.21 60.59 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 85.84 86.41 96.38 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 0.78 0.78 0.86 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 83.56 85.58 87.37 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 7.82 7.53 6.22 View All Characteristics & Statistics All Characteristics & Statistics AMG Renaissance Large Cap Growth Fund (MRLTX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund Russell 1000® Growth Index Fund Assets (Mil.$) $129 Number of Holdings 55 394 Weighted Avg. Market Cap (Mil.$) $428,173 $1,398,301 Median Market Cap (Mil.$) $82,002 $19,395 Weighted Avg. P/E (1-yr Forward EPS) 22.83 26.27 Weighted Avg. P/E (Trailing EPS) 27.63 32.44 PEG Ratio 1.91 1.80 Weighted Avg. P/B 6.84 11.14 EPS Growth (Trailing 3-yr %) 16.00% 11.95% EPS Growth (Trailing 5-yr %) 21.51% 25.65% Forward EPS Growth (1-yr %) 13.14% 16.01% Forward EPS Growth (Long Term %) 12.43% 14.76% Revenue Growth (Trailing 5-yr %) 14.13% 19.17% Return on Equity 32.35% 34.37% Weighted Avg. Dividend Yield 0.55% 0.66% Debt to Equity 99.68 85.58 Trailing 12-Months Portfolio Turnover 46.57% As of: 03/31/2025 Risk & Return 3 Years 5 Years 10 Years Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. -0.62 1.67 -1.13 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 16.16 16.32 16.11 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. 0.61 0.78 0.65 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 68.05 68.21 60.59 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 85.84 86.41 96.38 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 0.78 0.78 0.86 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 83.56 85.58 87.37 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 7.82 7.53 6.22 Information Ratio Information Ratio s a ratio of portfolio returns above the returns of a benchmark (usually an index) to the volatility of those returns. The information ratio (IR) measures a portfolio manager's ability to generate excess returns relative to a benchmark, but also attempts to identify the consistency of the investor. This ratio will identify if a manager has beaten the benchmark by a lot in a few months or a little every month. The higher the IR, the more consistent a manager is, and consistency is an ideal trait. -0.68 -0.28 -0.58 Treynor Ratio (%) Treynor Ratio (%) , which was developed by Jack Treynor, measures reward per unit of beta risk. It measures returns earned in excess of that which could have been earned on a less risk investment per each unit of market risk. The Treynor Ratio relates the difference between the portfolio return and the risk-free rate to the portfolio beta for a given time period. 12.73 16.40 12.18 Max Drawdown Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown is an indicator of downside risk over a specified time period. -11.51 -24.82 -24.82 As of: 05/31/2025 Market Cap Fund Russell 1000® Growth Index Market Cap ($mm) 0 - 1,000 0.00% 0.00% Market Cap ($mm) 1,000 - 1,500 0.00% 0.00% Market Cap ($mm) 1,500 - 2,500 0.00% 0.03% Market Cap ($mm) 2,500 - 5,000 0.00% 0.22% Market Cap ($mm) 5,000 - 10,000 1.47% 1.04% Market Cap ($mm) 10,000 - 25,000 17.91% 3.07% Market Cap ($mm) 25,000 - 50,000 10.39% 5.48% Market Cap ($mm) 50,000 - 100,000 32.38% 8.19% Market Cap ($mm) 100,000 - 200,000 13.18% 11.44% Market Cap ($mm) 200,000 - 24.68% 70.51% Market Cap – NA 0.00% 0.00% As of: 03/31/2025 Valuation Characteristics Fund Russell 1000® Growth Index P/E 0-10 1.57% 0.10% P/E 10-15 1.55% 1.80% P/E 15-20 19.69% 10.74% P/E 20-25 5.79% 8.19% P/E 25-Above 71.40% 77.84% P/E – NA 0.00% 1.33% As of: 03/31/2025 Growth Characteristics Fund Russell 1000® Growth Index EPS Growth (Trailing 3-yr %) - Negative 13.31% 8.20% EPS Growth (Trailing 3-yr %) 0 - 5 11.88% 17.97% EPS Growth (Trailing 3-yr %) 5 - 10 4.58% 5.12% EPS Growth (Trailing 3-yr %) 10 - 15 16.56% 23.00% EPS Growth (Trailing 3-yr %) 15 - 20 17.10% 16.60% EPS Growth (Trailing 3-yr %) Above 20 33.03% 23.25% EPS Growth (Trailing 3-yr %) - NA 3.56% 5.87% As of: 03/31/2025 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 03/31/2025 Apple Inc 3.42% Microsoft Corp 2.66% Amazon.com Inc 2.60% Meta Platforms Inc, Class A 2.46% Netflix Inc 2.32% O'Reilly Automotive Inc 2.30% Tradeweb Markets Inc, Class A 2.29% McKesson Corp 2.28% Cardinal Health Inc 2.24% BJ's Wholesale Club Holdings Inc 2.23% % in Top 10 Holdings 24.80% View Holding Details Holding Details AMG Renaissance Large Cap Growth Fund (MRLTX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 03/31/2025 Apple Inc 3.42% Microsoft Corp 2.66% Amazon.com Inc 2.60% Meta Platforms Inc, Class A 2.46% Netflix Inc 2.32% O'Reilly Automotive Inc 2.30% Tradeweb Markets Inc, Class A 2.29% McKesson Corp 2.28% Cardinal Health Inc 2.24% BJ's Wholesale Club Holdings Inc 2.23% % in Top 10 Holdings 24.80% As of: 03/31/2025 Download All Holdings (PDF) As of: 05/31/2025 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund MSFT Microsoft Corp Information Technology S US USD 8,861 460.36 $4,079,250 3.11% AAPL Apple Inc Information Technology S US USD 19,255 200.85 $3,867,367 2.95% AMZN Amazon.com Inc Consumer Discretionary S US USD 17,099 205.01 $3,505,466 2.68% META Meta Platforms Inc, Class A Communication Services S US USD 5,333 647.49 $3,453,064 2.64% APH Amphenol Corp, Class A Information Technology S US USD 35,494 89.93 $3,191,975 2.44% AVGO Broadcom Inc Information Technology S US USD 12,487 242.07 $3,022,728 2.31% NFLX Netflix Inc Communication Services S US USD 2,447 1,207.23 $2,954,092 2.26% GOOGL Alphabet Inc, Class A Communication Services S US USD 16,946 171.74 $2,910,306 2.22% APP AppLovin Corp, Class A Information Technology S US USD 6,865 393.00 $2,697,945 2.06% JBL Jabil Inc Information Technology S US USD 15,844 168.01 $2,661,950 2.03% INTU Intuit Inc Information Technology S US USD 3,516 753.47 $2,649,201 2.02% NOW ServiceNow Inc Information Technology S US USD 2,567 1,011.09 $2,595,468 1.98% V Visa Inc, Class A Financials S US USD 6,950 365.19 $2,538,071 1.94% RCL Royal Caribbean Cruises Ltd Consumer Discretionary S US USD 9,822 256.97 $2,523,959 1.93% CTAS Cintas Corp Industrials S US USD 10,973 226.50 $2,485,385 1.90% EME EMCOR Group Inc Industrials S US USD 5,230 471.86 $2,467,828 1.88% GWW WW Grainger Inc Industrials S US USD 2,251 1,087.56 $2,448,098 1.87% ORLY O'Reilly Automotive Inc Consumer Discretionary S US USD 1,774 1,367.50 $2,425,945 1.85% WM Waste Management Inc Industrials S US USD 10,036 240.97 $2,418,375 1.85% ECL Ecolab Inc Materials S US USD 9,018 265.62 $2,395,361 1.83% MSI Motorola Solutions Inc Information Technology S US USD 5,760 415.38 $2,392,589 1.83% MCK McKesson Corp Health Care S US USD 3,324 719.51 $2,391,651 1.83% MA MasterCard Inc, Class A Financials S US USD 4,074 585.60 $2,385,734 1.82% CAH Cardinal Health Inc Health Care S US USD 15,356 154.44 $2,371,581 1.81% FIX Comfort Systems USA Inc Industrials S US USD 4,882 478.23 $2,334,719 1.78% KLAC KLA Corp Information Technology S US USD 3,066 756.88 $2,320,594 1.77% HLI Houlihan Lokey Inc, Class A Financials S US USD 13,248 174.68 $2,314,161 1.77% AMAT Applied Materials Inc Information Technology S US USD 14,598 156.75 $2,288,237 1.75% MCO Moody's Corp Financials S US USD 4,757 479.32 $2,280,125 1.74% UBER Uber Technologies Inc Industrials S US USD 26,532 84.16 $2,232,933 1.70% FI Fiserv Inc Financials S US USD 13,703 162.79 $2,230,711 1.70% BJ BJ's Wholesale Club Holdings Inc Consumer Staples S US USD 19,591 113.21 $2,217,897 1.69% PTC PTC Inc Information Technology S US USD 13,157 168.32 $2,214,586 1.69% HCA HCA Healthcare Inc Health Care S US USD 5,720 381.39 $2,181,551 1.67% TW Tradeweb Markets Inc, Class A Financials S US USD 15,068 144.45 $2,176,573 1.66% ROP Roper Technologies Inc Information Technology S US USD 3,734 570.27 $2,129,388 1.63% ANET Arista Networks Inc Information Technology S US USD 24,432 86.64 $2,116,788 1.62% AMGN Amgen Inc Health Care S US USD 7,180 288.18 $2,069,132 1.58% BRO Brown & Brown Inc Financials S US USD 18,197 112.90 $2,054,441 1.57% CDNS Cadence Design Systems Inc Information Technology S US USD 7,073 287.07 $2,030,446 1.55% ADBE Adobe Inc Information Technology S US USD 4,826 415.09 $2,003,224 1.53% LOW Lowe's Cos Inc Consumer Discretionary S US USD 8,835 225.73 $1,994,325 1.52% NBIX Neurocrine Biosciences Inc Health Care S US USD 15,975 123.02 $1,965,245 1.50% ABBV AbbVie Inc Health Care S US USD 10,523 186.11 $1,958,436 1.50% JLL Jones Lang LaSalle Inc Real Estate S US USD 8,776 222.70 $1,954,415 1.49% CPRT Copart Inc Industrials S US USD 37,943 51.48 $1,953,306 1.49% IT Gartner Inc Information Technology S US USD 4,474 436.42 $1,952,543 1.49% PYPL PayPal Holdings Inc Financials S US USD 27,629 70.28 $1,941,766 1.48% APO Apollo Global Management Inc Financials S US USD 14,848 130.69 $1,940,485 1.48% ACGL Arch Capital Group Ltd Financials S BM USD 20,246 95.04 $1,924,180 1.47% PINS Pinterest Inc, Class A Communication Services S US USD 61,760 31.11 $1,921,354 1.47% CRM Salesforce Inc Information Technology S US USD 6,949 265.37 $1,844,056 1.41% TMO Thermo Fisher Scientific Inc Health Care S US USD 4,357 402.82 $1,755,087 1.34% QCOM QUALCOMM Inc Information Technology S US USD 11,891 145.20 $1,726,573 1.32% BAH Booz Allen Hamilton Holding Corp, Class A Industrials S US USD 13,783 106.25 $1,464,444 1.12% Cash & Equivalents Cash C US USD - - $644,542 0.49% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return BJ's Wholesale Club Holdings Inc 1 1.86% 27.70% Brown & Brown Inc 2 1.76% 21.45% O'Reilly Automotive Inc 3 1.94% 20.81% McKesson Corp 4 1.86% 18.18% Cardinal Health Inc 5 1.92% 16.84% Uber Technologies Inc 6 1.76% 20.79% Tradeweb Markets Inc, Class A 7 1.91% 13.47% Waste Management Inc 8 1.77% 15.02% HCA Healthcare Inc 9 1.36% 15.30% Roper Technologies Inc 10 1.55% 13.54% As of: 03/31/2025 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Broadcom Inc 20 2.38% -27.63% Arista Networks Inc 19 1.90% -29.90% ServiceNow Inc 18 1.85% -24.90% Apple Inc 17 3.34% -11.23% Alphabet Inc, Class A 16 2.30% -18.24% Comfort Systems USA Inc 15 1.80% -23.92% PayPal Holdings Inc 14 1.61% -23.55% Amazon.com Inc 13 2.77% -13.28% EMCOR Group Inc 12 1.52% -22.30% KKR & Co Inc, Class A 11 1.67% -21.77% As of: 03/31/2025 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Read Important Investment Disclosures Read Important Investment Disclosures Sector Allocation (Equity) As of: 03/31/2025 View Allocation Details Allocation Details AMG Renaissance Large Cap Growth Fund (MRLTX) Sector Allocation (Equity) Investment Allocation Top 10 Industries Sector Sort Order Fund Russell 1000® Growth Index Information Technology 30.39% 46.17% Financials 18.16% 7.66% Industrials 13.50% 4.86% Health Care 11.94% 7.84% Consumer Discretionary 9.36% 14.88% Communication Services 8.40% 12.75% Materials 3.31% 0.65% Consumer Staples 2.23% 3.85% Real Estate 1.74% 0.57% Cash & Other 0.98% 0.00% Energy 0.00% 0.53% Utilities 0.00% 0.22% As of: 03/31/2025 Investment Allocation 03/31/2025 Stocks 99.02% Bonds 0.00% Cash and Other 0.98% As of: 03/31/2025 Industry Fund Russell 1000® Growth Index Software 13.55% 17.85% Financial Services 8.86% 4.73% Health Care Providers & Services 6.09% 0.77% Interactive Media & Services 6.09% 10.53% Commercial Services & Supplies 5.73% 0.91% Capital Markets 5.56% 1.75% Semiconductors & Semiconductor Equipment 4.80% 14.80% Specialty Retail 3.95% 2.39% Insurance 3.73% 0.81% Electronic Equipment, Instruments & Components 3.59% 0.24% % in Top 10 Industries 61.95% 54.78% As of: 03/31/2025 Read Important Investment Disclosures About the Affiliate About Renaissance Investment Management Founded in 1978, Renaissance Investment Management is a registered investment advisor based in the greater Cincinnati, Ohio area. The firm serves both institutional and high-net-worth clients and offers a variety of investment management strategies based upon a foundation of intensive research and disciplined, process-oriented decision making. Renaissance is a multidisciplinary firm offering domestic and international investment strategies. Learn More About Renaissance Investment Management's Approach FOUNDED 1978 AMG AFFILIATE SINCE 1995 HEADQUARTERS Covington, KY Portfolio Managers Michael E. Schroer, CFA MANAGING PARTNER AND CHIEF INVESTMENT OFFICER Read full bio Andy Eng, CFA PARTNER, PORTFOLIO MANAGER, SENIOR RESEARCH ANALYST Read full bio Investment Approach Investment Approach AMG Renaissance Large Cap Growth Fund The Fund invests at least 80% of its assets in stocks of large capitalization companies. The Fund invests primarily in common stock of U.S. companies, but may also invest in preferred stocks. The Fund generally holds 50 to 60 stocks at any given time, depending on market conditions. Renaissance employs a disciplined decision-making process to create and manage a growth-oriented portfolio. Individual issues in the Fund typically sell at reasonable valuation levels and are supported by above-average corporate profitability, accelerating earnings growth and low debt/equity ratios. Related products Other Products From Renaissance Investment Management Renaissance Emerging Markets Equity Strategy View SMA Details Renaissance International Equity ADR Strategy View SMA Details Renaissance International Small Cap Equity Strategy View SMA Details Renaissance Large Cap Growth Strategy View SMA Details Renaissance Midcap Growth Strategy View SMA Details Renaissance Small Cap Growth Strategy View SMA Details Stay up-to-date Sign up to receive our latest views and thinking, in addition to other news and product-related information. CHOOSE SUBSCRIPTIONS