AMG Yacktman Fund (Service)
Figures last verified October 31, 2026
Patient value investing that will hold large cash stakes when prices are unattractive; quality-at-a-discount focus.
Yacktman built its reputation on defense: a willingness to hold enormous cash positions when the managers can't find quality at a discount, which produced legendary downside protection in 2000-2002 and 2008 and a long-term record that beat the market with notably less volatility. The philosophy is Buffett-adjacent — wonderful businesses, only at fair prices, and patience as a holding when neither is available.
Patience drags in raging bull markets, and the fund spent much of the 2010s trailing a fully invested index while sitting on cash that never got its bargain. At 0.71%, the bet is that its defense earns back the offense it gives up across full cycles — historically true, but requiring the kind of bear market that tests every investor's resolve to hold a fund that was 'too cautious' on the way up. As a deliberate defensive value sleeve, coherent; as a core holding, the index is the simpler peace.
Defensive value investors who want a manager willing to sit in cash.
YACKX alternatives & comparable funds
If you’re weighing YACKX against the field, these are the funds most investors line it up against — same job, different provider, slightly different terms.
| Fund | Family | Expense Ratio | Minimum |
|---|---|---|---|
| YACKX — AMG Yacktman Fund (Service) | AMG / Yacktman | 0.71% | $100,000 |
| DODGX — Dodge & Cox Stock Fund | Dodge & Cox | 0.51% | $2,500 |
| VVIAX — Vanguard Value Index Fund … | Vanguard | 0.05% | $3,000 |
| OAKMX — Oakmark Fund (Investor) | Oakmark | 0.89% | $0 |
Frequently asked questions
What is the expense ratio of YACKX?
YACKX (AMG Yacktman Fund (Service)) has an expense ratio of 0.71%, which works out to roughly $71 per year for every $10,000 invested. That is high relative to index alternatives, and it compounds against you every year, so the fund needs to outperform just to break even versus a cheaper option.
What is the minimum investment for YACKX?
YACKX requires a minimum initial investment of $100,000.
What does YACKX invest in?
Patient value investing that will hold large cash stakes when prices are unattractive; quality-at-a-discount focus. It falls in the large value category and is an actively managed fund.
What are good alternatives to YACKX?
The funds most often compared with YACKX are DODGX, VVIAX, OAKMX — broadly similar exposure from different providers, with small differences in fee, minimum, and portability that usually come down to which brokerage holds your account.
Expense ratio and minimum for YACKX drawn from AMG / Yacktman fund documentation; last verified October 31, 2026. Figures change — confirm against the official prospectus before investing. This review is editorial opinion, not investment advice.