River Road Dividend All Cap Value Fund  (ARDEX)

Fund Overview

Fund Overview

Share Class

N

Morningstar | Style Box

V B G L M S

NAV | as of 11/16/2017

$12.80
+$0.11 (+0.87%)

Overall Morningstar Rating



Rated against 1102 Large Value funds as of 10/31/2017

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

Fund Inception 06/28/2005

YTD 1YR 3YR 5YR 10YR INCEP.
ARDEX 4.79 11.73 7.92 11.37 6.84 8.34
Russell 3000® Value Index 7.72 15.53 8.79 13.20 6.01 7.43

Expense Ratios

  • Gross Expense Ratio: 1.11%
  • Net Expense Ratio: 1.10%
  • Expense Cap Expiration Date: 10/01/2018

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Objective

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.

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 $300 million 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
Henry W. Sanders III, CFA

Henry W. Sanders III, CFA

Executive Vice President & Senior 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

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 $0.011500 $0.011500
      Sep 26, 2017 $0.011800 $0.011800
      Aug 28, 2017 $0.011900 $0.011900
      Jul 26, 2017 $0.011900 $0.011900
      Jun 27, 2017 $0.007800 $0.007800
      May 25, 2017 $0.005000 $0.005000
      Apr 25, 2017 $0.010800 $0.010800
      Mar 28, 2017 $0.011700 $0.011700
      Feb 23, 2017 $0.007000 $0.007000
      Dec 27, 2016 $0.957800 $0.100800 $0.857000
      Nov 25, 2016 $0.019800 $0.019800
      Oct 26, 2016 $0.006000 $0.006000
      Sep 30, 2016 $0.025700 $0.025700
      Aug 31, 2016 $0.045300 $0.045300
      Jul 29, 2016 $0.009400 $0.009400
      Jun 30, 2016 $0.025600 $0.025600
      May 31, 2016 $0.031000 $0.031000
      Apr 29, 2016 $0.006800 $0.006800
      Mar 31, 2016 $0.017700 $0.017700
      Dec 30, 2015 $1.209700 $0.054300 $1.155400
      Oct 30, 2015 $0.008000 $0.008000
      Sep 30, 2015 $0.029200 $0.029200
      Aug 31, 2015 $0.025300 $0.025300
      Jul 31, 2015 $0.007500 $0.007500
      Jun 30, 2015 $0.029500 $0.029500
      May 29, 2015 $0.023300 $0.023300
      Apr 30, 2015 $0.007900 $0.007900
      Mar 31, 2015 $0.021700 $0.021700
      Dec 30, 2014 $1.212800 $0.046400 $1.166400
      Nov 28, 2014 $0.026100 $0.026100
      Oct 31, 2014 $0.046600 $0.046600
      Sep 30, 2014 $0.065700 $0.065700
      Aug 29, 2014 $0.024300 $0.024300
      Jul 31, 2014 $0.036300 $0.036300
      Jun 30, 2014 $0.027400 $0.027400
      May 30, 2014 $0.049400 $0.049400
      Apr 30, 2014 $0.007400 $0.007400
      Mar 31, 2014 $0.034700 $0.034700
      Feb 28, 2014 $0.056200 $0.056200
      Dec 30, 2013 $0.849500 $0.034900 $0.077400 $0.737200
      Nov 29, 2013 $0.052400 $0.052400
      Oct 31, 2013 $0.013700 $0.013700
      Sep 30, 2013 $0.017900 $0.017900
      Aug 30, 2013 $0.037200 $0.037200
      Jun 28, 2013 $0.026000 $0.026000
      May 31, 2013 $0.037400 $0.037400
      Mar 28, 2013 $0.004700 $0.004700
      Feb 28, 2013 $0.035800 $0.035800
      Jan 31, 2013 $0.000300 $0.000300
      Dec 28, 2012 $0.499600 $0.056100 $0.100600 $0.342900
      Nov 30, 2012 $0.037500 $0.037500
      Oct 31, 2012 $0.026500 $0.026500
      Sep 28, 2012 $0.019100 $0.019100
      Aug 31, 2012 $0.039200 $0.039200
      Jul 31, 2012 $0.011600 $0.011600
      Jun 29, 2012 $0.028700 $0.028700
      May 31, 2012 $0.038800 $0.038800
      Apr 30, 2012 $0.014000 $0.014000
      Mar 30, 2012 $0.020000 $0.020000
      Feb 29, 2012 $0.033100 $0.033100
      Jan 31, 2012 $0.005100 $0.005100
      Dec 29, 2011 $0.098200 $0.027700 $0.070500
      Nov 30, 2011 $0.038400 $0.038400
      Oct 31, 2011 $0.009100 $0.009100
      Sep 30, 2011 $0.019200 $0.019200
      Aug 31, 2011 $0.029100 $0.029100
      Jul 29, 2011 $0.005000 $0.005000
      Jun 30, 2011 $0.037600 $0.037600
      May 31, 2011 $0.028300 $0.028300
      Apr 29, 2011 $0.017200 $0.017200
      Mar 31, 2011 $0.027900 $0.027900
      Feb 28, 2011 $0.028500 $0.028500
      Jan 31, 2011 $0.006500 $0.006500
      Dec 29, 2010 $0.026600 $0.026600
      Nov 30, 2010 $0.024900 $0.024900
      Oct 29, 2010 $0.011000 $0.011000
      Sep 30, 2010 $0.021600 $0.021600
      Aug 31, 2010 $0.032900 $0.032900
      Jul 30, 2010 $0.014300 $0.014300
      Jun 30, 2010 $0.016900 $0.016900
      May 28, 2010 $0.026000 $0.026000
      Apr 30, 2010 $0.012000 $0.012000
      Mar 31, 2010 $0.020400 $0.020400
      Feb 26, 2010 $0.019600 $0.019600
      Jan 29, 2010 $0.012900 $0.012900
      Dec 29, 2009 $0.030200 $0.030200
      Nov 30, 2009 $0.014400 $0.014400
      Oct 30, 2009 $0.012100 $0.012100
      Sep 30, 2009 $0.019400 $0.019400
      Aug 31, 2009 $0.015000 $0.015000
      Jul 31, 2009 $0.012700 $0.012700
      Jun 30, 2009 $0.010800 $0.010800
      May 29, 2009 $0.024900 $0.024900
      Apr 30, 2009 $0.013000 $0.013000
      Mar 31, 2009 $0.012000 $0.012000
      Feb 27, 2009 $0.013000 $0.013000
      Jan 30, 2009 $0.014600 $0.014600
      Dec 29, 2008 $0.028600 $0.028600
      Nov 26, 2008 $0.014400 $0.014400
      Oct 31, 2008 $0.017900 $0.017900
      Sep 30, 2008 $0.032900 $0.032900
      Aug 29, 2008 $0.024000 $0.024000
      Jul 31, 2008 $0.015400 $0.015400
      Jun 30, 2008 $0.027500 $0.027500
      May 30, 2008 $0.035900 $0.035900
      Apr 30, 2008 $0.009200 $0.009200
      Mar 31, 2008 $0.042300 $0.042300
      Feb 29, 2008 $0.029700 $0.029700
      Jan 31, 2008 $0.013100 $0.013100
      Dec 14, 2007 $0.708100 $0.044000 $0.469000 $0.195100
      Nov 30, 2007 $0.035100 $0.035100
      Oct 31, 2007 $0.017700 $0.017700
      Sep 28, 2007 $0.037800 $0.037800
      Aug 31, 2007 $0.036200 $0.036200
      Jul 31, 2007 $0.013300 $0.013300
      Jun 29, 2007 $0.040500 $0.040500
      May 31, 2007 $0.039400 $0.039400
      Apr 30, 2007 $0.022700 $0.022700
      Mar 30, 2007 $0.047600 $0.047600
      Feb 28, 2007 $0.034800 $0.034800
      Jan 31, 2007 $0.010900 $0.010900
      Dec 15, 2006 $0.156000 $0.023100 $0.072800 $0.060100
      Nov 30, 2006 $0.042800 $0.042800
      Oct 31, 2006 $0.019800 $0.019800
      Sep 29, 2006 $0.031400 $0.031400
      Aug 31, 2006 $0.038500 $0.038500
      Jul 31, 2006 $0.015700 $0.015700
      Jun 30, 2006 $0.036600 $0.036600
      May 31, 2006 $0.048500 $0.048500
      Apr 28, 2006 $0.019700 $0.019700
      Mar 31, 2006 $0.048200 $0.048200
      Feb 28, 2006 $0.036600 $0.036600
      Jan 31, 2006 $0.020700 $0.020700
      Dec 16, 2005 $0.032300 $0.032300
      Nov 30, 2005 $0.058200 $0.058200
      Oct 31, 2005 $0.021800 $0.021800
      Sep 30, 2005 $0.036200 $0.036200
      Aug 31, 2005 $0.043400 $0.043400
      Jul 29, 2005 $0.020800 $0.020800

Growth of $10,000 (Hypothetical)

Since Inception 06/28/2005 to 10/31/2017 = $26,837.43

  • 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 3.21%
Praxair Inc 2.85%
US Bancorp 2.81%
BB&T Corp 2.73%
Corning Inc 2.51%
Marathon Petroleum Corp 2.46%
Fastenal Co 2.12%
National Fuel Gas Co 2.10%
Union Pacific Corp 1.92%
Wal-Mart Stores Inc 1.89%
% in Top 10 Holdings 24.60%
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

Under normal conditions, the Fund invests at least 80% of its assets in a diversified, all cap portfolio of dividend paying equities. 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, 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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ARLSX

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ARSMX

River Road Small-Mid Cap Value Fund

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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.

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Founded

2005


Headquarters

Louisville, KY


Affiliate Since

2014


AUM

$5.3B

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