River Road Mid Cap Value Fund  (ABMIX)

Fund Notice

Effective March 19, 2021, the subadviser of AMG Managers Fairpointe Mid Cap Fund (the "Fund") changed from Fairpointe Capital LLC to River Road Asset Management, LLC ("River Road"). The appointment of River Road is pursuant to an interim subadvisory agreement in anticipation of shareholder approval of a definitive subadvisory agreement. Also effective March 19, 2021, the Fund changed its name to AMG River Road Mid Cap Value Fund and changed its principal investment strategies and principal risks. For more information regarding these and other changes to the Fund, please see the Fund's prospectus.

This is part of a larger strategic business initiative to transition to a fund lineup entirely sub-advised by AMG Affiliates. We believe clients will benefit from a streamlined platform wholly focused on AMG Affiliates’ high-conviction investment offerings, including fee reductions, subject to shareholder approval, across all the strategies involved in the transition. Please see this Fund’s prospectus for further details on the fee reduction.

Fund Overview

Fund Overview

Share Class

I

NAV | as of 04/14/2021

$18.96
+$0.06 (+0.32%)

Morningstar | Style Box

V B G L M S

Growth of $10,000 (Hypothetical)

Since Inception 07/06/2004 to 03/31/2021 = $42,212.60

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

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 800.835.3879. 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.

Objective

The Fund seeks to provide long-term capital appreciation.

Why Consider

  • The Fund may be appropriate for your overall investment allocation if you are looking to further diversify a portfolio with exposure to mid cap companies
  • River Road seeks to identify and invest in a portfolio of high-quality, low volatility companies
  • River Road employs a balanced approach to diversification and a structured sell discipline that seeks to reduce portfolio volatility and the risk of permanent loss of capital
R. Andrew Beck

R. Andrew Beck

Chief Executive Officer and President

See Our Approach Read Bio
Matt W. Moran, CFA

Matt W. Moran, CFA

Vice President and Portfolio Manager

See Our Approach Read Bio
Daniel R. Johnson, CFA, CPA

Daniel R. Johnson, CFA, CPA

Vice President and Portfolio Manager

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

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 800.835.3879. 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 less than one year are not annualized.

Expense Ratios

  • Gross Expense Ratio: 0.93%
  • Net Expense Ratio: 0.91%
  • Expense Cap Expiration Date: 03/01/2022

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Mar 24, 2021 $20.119300 $2.038900 $18.080400
      Dec 16, 2020 $1.988000 $0.102100 $1.885900
      Dec 16, 2019 $2.588500 $0.410400 $2.178100
      Dec 27, 2018 $2.929400 $0.272400 $2.657000
      Dec 27, 2017 $2.844500 $0.033000 $2.811500
      Dec 27, 2016 $1.992400 $0.242700 $1.749700
      Dec 30, 2015 $2.278200 $0.230400 $2.047800
      Dec 30, 2014 $7.641500 $0.064800 $1.243700 $6.333000
      Dec 30, 2013 $4.326600 $0.061400 $4.265200
      Dec 28, 2012 $1.130200 $0.388000 $0.017200 $0.725000
      Dec 29, 2011 $0.342000 $0.134900 $0.207100
      Dec 29, 2010 $0.168600 $0.093100 $0.075500
      Dec 29, 2009 $0.092800 $0.092800
      Dec 29, 2008 $0.492800 $0.198900 $0.293900
      Dec 14, 2007 $2.186900 $0.281900 $1.905000
      Dec 15, 2006 $1.831077 $1.831077
      Dec 16, 2005 $0.912600 $0.113300 $0.799300
      Dec 17, 2004 $0.744600 $0.744600

Risk & Return Stats

As of: 03/31/2021

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 03/31/2021

Liberty Broadband Corp, Class C 4.51%
KKR & Co Inc, Class A 4.01%
Advance Auto Parts Inc 3.62%
Dollar Tree Inc 3.35%
News Corp, Class A 3.12%
NVR Inc 3.06%
LKQ Corp 2.91%
McKesson Corp 2.57%
Huntington Ingalls Industries Inc 2.27%
Cboe Global Markets Inc 2.24%
% in Top 10 Holdings 31.66%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Equity)

As of: 03/31/2021

Investment Approach

Investment Approach

River Road Mid Cap Value Fund

The Fund invests primarily in mid-cap equity securities that River Road believes are undervalued. River Road's investment philosophy is based upon its proprietary Absolute Value® approach, which seeks to generate attractive, sustainable, low volatility returns over the long term, with an emphasis on minimizing downside portfolio risk.

The Subadviser builds the Fund’s portfolio from the bottom up, making security-specific research central to the Subadviser’s process. 


River Road Mid Cap Value Fund Introduction

 
An introduction to River Road Asset Management and the AMG River Mid Cap Value Fund
Read More

About

About River Road Asset Management

Background

River Road Asset Management was established in 2005 and provides institutional separate account and investment sub-advisory services to a broad range of domestic and international clients. The firm was founded upon a proprietary Absolute Value® investment discipline. This approach was developed by River Road’s founders and occupies a distinct niche within value investing styles.

Learn More

More Funds From River Road Asset Management

ARDEX

River Road Dividend All Cap Value Fund

Seeks to provide high current income and, secondarily, long-term capital appreciation by investing primarily in a diversified, all cap portfolio of income producing equity securities.

View Fund Details

ARRFX

River Road Focused Absolute Value Fund

Seeks to provide long-term capital appreciation by investing in a concentrated all cap portfolio of securities.

View Fund Details

FQUAX

River Road Large Cap Value Select Fund

The Fund seeks long-term capital appreciation.

View Fund Details

ALSIX

River Road Long-Short Fund

Seeks to provide absolute return while minimizing volatility by investing in U.S. stocks River Road expects to increase in value, and shorting stocks River Road expects to decrease in value.

View Fund Details

ARSMX

River Road Small-Mid Cap Value Fund

Seeks to provide long-term capital appreciation by investing in a portfolio of small and mid capitalization equity securities.

View Fund Details

ARSVX

River Road Small Cap Value Fund

Seeks to provide long-term capital appreciation by investing in a portfolio of primarily small but also can invest in mid capitalization equity securities.

View Fund Details

Founded

2005


Headquarters

Louisville, KY


Affiliate Since

2014

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