River Road Dividend All Cap Value Fund II  (ADIVX)

Fund Overview

Fund Overview

Share Class

I

Morningstar | Style Box

V B G L M S

NAV | as of 11/16/2017

$14.72
+$0.11 (+0.75%)

Quarterly Performance (%) |
vs. Benchmark as of 09/30/2017

Fund Inception 06/27/2012

YTD 1YR 3YR 5YR 10YR INCEP.
ADIVX 5.65 12.32 8.05 11.45 - 12.06
Russell 3000® Value Index 7.72 15.53 8.79 13.20 6.01 14.65

Expense Ratios

  • Gross Expense Ratio: 0.91%
  • Net Expense Ratio: 0.91%
  • Expense Cap Expiration Date: N/A

Read Important Investment Disclosures

Objective

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


Why Consider

  • May be appropriate for investors looking to gain exposure to diversified U.S. companies of all sizes
  • Enlightened risk management—portfolio managers will not average down on losing positions
  • Employs a fundamentals-driven Absolute Value® investment philosophy, targeting companies above $1 billion with high and growing dividends selling at a discount to absolute value
James C. Shircliff, CFA

James C. Shircliff, CFA

Chief Investment Officer

See Our Approach Read Bio
Thomas S. Forsha, CFA

Thomas S. Forsha, CFA

Co-Chief Investment Officer & Portfolio Manager

See Our Approach Read Bio
Henry W. Sanders III, CFA

Henry W. Sanders III, CFA

Executive Vice President & Senior Portfolio Manager

See Our Approach Read Bio

Performance

Performance

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Returns & Distributions

as of 09/30/2017

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Oct 26, 2017 $0.014100 $0.014100
      Sep 26, 2017 $0.014200 $0.014200
      Aug 28, 2017 $0.014100 $0.014100
      Jul 26, 2017 $0.014100 $0.014100
      Jun 27, 2017 $0.009900 $0.009900
      May 25, 2017 $0.009300 $0.009300
      Apr 25, 2017 $0.013800 $0.013800
      Mar 28, 2017 $0.016800 $0.016800
      Feb 23, 2017 $0.009300 $0.009300
      Dec 27, 2016 $0.651100 $0.095100 $0.556000
      Nov 25, 2016 $0.022300 $0.022300
      Oct 26, 2016 $0.007200 $0.007200
      Sep 30, 2016 $0.027500 $0.027500
      Aug 31, 2016 $0.047400 $0.047400
      Jul 29, 2016 $0.008600 $0.008600
      Jun 30, 2016 $0.027800 $0.027800
      May 31, 2016 $0.047600 $0.047600
      Apr 29, 2016 $0.009100 $0.009100
      Mar 31, 2016 $0.030900 $0.030900
      Feb 29, 2016 $0.009300 $0.009300
      Dec 30, 2015 $0.254100 $0.067400 $0.186700
      Oct 30, 2015 $0.010400 $0.010400
      Sep 30, 2015 $0.032600 $0.032600
      Aug 31, 2015 $0.027100 $0.027100
      Jul 31, 2015 $0.009900 $0.009900
      Jun 30, 2015 $0.031500 $0.031500
      May 29, 2015 $0.024000 $0.024000
      Apr 30, 2015 $0.010500 $0.010500
      Mar 31, 2015 $0.029900 $0.029900
      Feb 27, 2015 $0.019000 $0.019000
      Dec 30, 2014 $0.465900 $0.040400 $0.128500 $0.297000
      Nov 28, 2014 $0.028900 $0.028900
      Oct 31, 2014 $0.037900 $0.037900
      Sep 30, 2014 $0.064300 $0.064300
      Aug 29, 2014 $0.021300 $0.021300
      Jul 31, 2014 $0.023300 $0.023300
      Jun 30, 2014 $0.028600 $0.028600
      May 30, 2014 $0.016100 $0.016100
      Apr 30, 2014 $0.007300 $0.007300
      Mar 31, 2014 $0.029300 $0.029300
      Feb 28, 2014 $0.097700 $0.097700
      Dec 30, 2013 $0.175900 $0.035500 $0.128500 $0.011900
      Nov 29, 2013 $0.049900 $0.049900
      Oct 31, 2013 $0.010000 $0.010000
      Sep 30, 2013 $0.016900 $0.016900
      Aug 30, 2013 $0.037700 $0.037700
      Jun 28, 2013 $0.023200 $0.023200
      May 31, 2013 $0.029000 $0.029000
      Apr 30, 2013 $0.010000 $0.010000
      Mar 28, 2013 $0.016400 $0.016400
      Feb 28, 2013 $0.025900 $0.025900
      Jan 31, 2013 $0.006600 $0.006600
      Dec 28, 2012 $0.048800 $0.043900 $0.004900
      Nov 30, 2012 $0.041000 $0.041000
      Oct 31, 2012 $0.029200 $0.029200
      Sep 28, 2012 $0.009600 $0.009600
      Aug 31, 2012 $0.016600 $0.016600
      Jul 31, 2012 $0.011400 $0.011400

Growth of $10,000 (Hypothetical)

Since Inception 06/27/2012 to 10/31/2017 = $18,321.59

  • 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 or visit our website at amgfunds.com. 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.

Top Holdings (Equity)

Quarter Ending: 09/30/2017

Iron Mountain Inc 3.37%
US Bancorp 3.04%
Praxair Inc 3.02%
BB&T Corp 2.94%
Corning Inc 2.77%
Marathon Petroleum Corp 2.63%
National Fuel Gas Co 2.26%
Fastenal Co 2.25%
Union Pacific Corp 2.12%
Wal-Mart Stores Inc 2.08%
% in Top 10 Holdings 26.48%
View Holding Details Read Important Investment Disclosures

MPT Stats

Month Ending: 10/31/2017

View All Characteristics & Stats

Sector Allocation (Equity)

Quarter Ending: 09/30/2017

Investment Approach

Investment Approach

River Road Dividend All Cap Value Fund II

Under normal conditions, the Fund invests at least 80% of its assets in a diversified, all cap portfolio of dividend paying equities typically with a market capitalization of at least $1 billion at the time of initial purchase. The Fund's Absolute Value® approach utilizes systematic and dynamic proprietary research to target companies exhibiting:

  • Financial strength and high, growing dividend yields at attractive prices
  • Shareholder-oriented management teams
  • Undiscovered, underfollowed, misunderstood companies with attractive business models

Market View: Equity Income, 2nd Half of 2017

Thomas S. Forsha, CFA, Co-Chief Investment Officer at River Road Asset Management, discusses equity income investing in light of current interest rate trends and market conditions.
Watch Video More About River Road Asset Management

Dividend Stocks Have Gone the Distance

Over the long term, dividend-paying stocks have delivered higher returns with lower risk than non-dividend payers. Dividend payouts require real earnings, so companies paying consistent dividends are typically financially sound and seek to wisely use free cash flow.
Read Full Perspective

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.

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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.

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ARRFX

River Road Focused Absolute Value Fund

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

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ARLSX

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.

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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


AUM

$5.3B

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★★★★★

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