River Road Dividend All Cap Value Fund II  (ADVTX)

Fund Overview

Fund Overview

Share Class

N

Morningstar | Style Box

V B G L M S

NAV | as of 10/15/2018

$14.17
+$0.01 (+0.07%)

Quarterly Performance (%) |
vs. Benchmark as of 09/30/2018

Fund Inception 06/27/2012

YTD 1YR 3YR 5YR 10YR INCEP.
ADVTX 4.12 8.39 12.54 9.07 - 11.22
Russell 3000® Value Index 4.17 9.46 13.75 10.65 9.76 13.80
View Monthly & Quarterly Performance Details

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 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.

Expense Ratios

  • Gross Expense Ratio: 1.20%
  • Net Expense Ratio: 1.20%
  • 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

Co-Chief Investment Officer & Portfolio Manager

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
Andrew R. McIntosh, CFA

Andrew R. McIntosh, CFA

Associate Portfolio Manager

See Our Approach Read Bio

Performance

Performance

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Returns & Distributions

As of 09/30/2018

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Sep 26, 2018 $0.086500 $0.086500
      Jun 27, 2018 $0.010500 $0.010500
      May 29, 2018 $0.010600 $0.010600
      Apr 26, 2018 $0.013900 $0.013900
      Mar 27, 2018 $0.018500 $0.018500
      Feb 26, 2018 $0.008100 $0.008100
      Dec 27, 2017 $0.909300 $0.169100 $0.039400 $0.700800
      Nov 27, 2017 $0.013100 $0.013100
      Oct 26, 2017 $0.011200 $0.011200
      Sep 26, 2017 $0.011400 $0.011400
      Aug 28, 2017 $0.011500 $0.011500
      Jul 26, 2017 $0.011600 $0.011600
      Jun 27, 2017 $0.006900 $0.006900
      May 25, 2017 $0.006300 $0.006300
      Apr 25, 2017 $0.010900 $0.010900
      Mar 28, 2017 $0.013700 $0.013700
      Feb 23, 2017 $0.006600 $0.006600
      Dec 27, 2016 $0.647500 $0.091900 $0.555600
      Nov 25, 2016 $0.019400 $0.019400
      Oct 26, 2016 $0.004300 $0.004300
      Sep 30, 2016 $0.024600 $0.024600
      Aug 31, 2016 $0.044300 $0.044300
      Jul 29, 2016 $0.006000 $0.006000
      Jun 30, 2016 $0.025000 $0.025000
      May 31, 2016 $0.044700 $0.044700
      Apr 29, 2016 $0.006500 $0.006500
      Mar 31, 2016 $0.028100 $0.028100
      Feb 29, 2016 $0.004300 $0.004300
      Dec 30, 2015 $0.248500 $0.061800 $0.186700
      Oct 30, 2015 $0.007800 $0.007800
      Sep 30, 2015 $0.030100 $0.030100
      Aug 31, 2015 $0.023700 $0.023700
      Jul 31, 2015 $0.007100 $0.007100
      Jun 30, 2015 $0.027700 $0.027700
      May 29, 2015 $0.021300 $0.021300
      Apr 30, 2015 $0.007700 $0.007700
      Mar 31, 2015 $0.026800 $0.026800
      Feb 27, 2015 $0.013700 $0.013700
      Dec 30, 2014 $0.462600 $0.037100 $0.128500 $0.297000
      Nov 28, 2014 $0.026200 $0.026200
      Oct 31, 2014 $0.035100 $0.035100
      Sep 30, 2014 $0.061300 $0.061300
      Aug 29, 2014 $0.018600 $0.018600
      Jul 31, 2014 $0.020500 $0.020500
      Jun 30, 2014 $0.025800 $0.025800
      May 30, 2014 $0.013400 $0.013400
      Apr 30, 2014 $0.004600 $0.004600
      Mar 31, 2014 $0.026600 $0.026600
      Feb 28, 2014 $0.093200 $0.093200
      Dec 30, 2013 $0.173000 $0.032600 $0.128500 $0.011900
      Nov 29, 2013 $0.047400 $0.047400
      Oct 31, 2013 $0.007400 $0.007400
      Sep 30, 2013 $0.014300 $0.014300
      Aug 30, 2013 $0.032800 $0.032800
      Jun 28, 2013 $0.020900 $0.020900
      May 31, 2013 $0.026500 $0.026500
      Apr 30, 2013 $0.007700 $0.007700
      Mar 28, 2013 $0.014300 $0.014300
      Feb 28, 2013 $0.023900 $0.023900
      Jan 31, 2013 $0.004500 $0.004500
      Dec 28, 2012 $0.046700 $0.041800 $0.004900
      Nov 30, 2012 $0.038600 $0.038600
      Oct 31, 2012 $0.026900 $0.026900
      Sep 28, 2012 $0.008000 $0.008000
      Aug 31, 2012 $0.014700 $0.014700
      Jul 31, 2012 $0.009200 $0.009200

Growth of $10,000 (Hypothetical)

Since Inception 06/27/2012 to 09/30/2018 = $19,459.71

  • 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)

As of: 09/30/2018

Marathon Petroleum Corp 3.42%
Fastenal Co 3.42%
Corning Inc 3.12%
Target Corp 3.09%
US Bancorp 3.05%
BB&T Corp 2.90%
Praxair Inc 2.80%
Iron Mountain Inc 2.65%
Walmart Inc 2.38%
QUALCOMM Inc 2.32%
% in Top 10 Holdings 29.15%
View Holding Details Read Important Investment Disclosures

MPT Stats

As of: 09/30/2018

View All Characteristics & Stats

Sector Allocation (Equity)

As of: 09/30/2018

Investment Approach

Investment Approach

River Road Dividend All Cal 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, under-followed, misunderstood companies with attractive business models

Market View: Equity Income

Thomas S. Forsha, CFA, Co-Chief Investment Officer at River Road Asset Management, discusses equity-income investing in light of evolving market conditions in the second half of 2018 and heading into 2019.
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.

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

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.

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


AUM

$5B

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