River Road Dividend All Cap Value Fund  (ARIDX)

Fund Overview

Fund Overview

Share Class

I

NAV | as of 12/01/2020

$11.28
+$0.09 (+0.80%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating


Rated against 1124 Large Value funds as of 10/31/2020

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Morningstar Analyst Rating

as of 11/26/2019

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Growth of $10,000 (Hypothetical)

Since Inception 06/28/2007 to 10/31/2020 = $19,852.37

  • 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

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

Documents

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Henry W. Sanders III, CFA

Henry W. Sanders III, CFA

Executive Vice President

See Our Approach Read Bio
Thomas S. Forsha, CFA

Thomas S. Forsha, CFA

Co-Chief Investment Officer

See Our Approach Read Bio
Andrew R. McIntosh, CFA

Andrew R. McIntosh, CFA

Associate 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: 0.85%
  • Net Expense Ratio: 0.85%
  • Expense Cap Expiration Date: N/A

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Sep 28, 2020 $0.075700 $0.075700
      Jun 26, 2020 $0.045300 $0.045300
      Mar 27, 2020 $0.082300 $0.082300
      Dec 16, 2019 $0.905800 $0.170100 $0.735700
      Sep 26, 2019 $0.038300 $0.038300
      Jun 26, 2019 $0.073500 $0.073500
      Mar 27, 2019 $0.058800 $0.058800
      Dec 27, 2018 $0.881300 $0.156400 $0.724900
      Sep 26, 2018 $0.062900 $0.062900
      Jun 27, 2018 $0.015700 $0.015700
      May 29, 2018 $0.014300 $0.014300
      Apr 26, 2018 $0.003300 $0.003300
      Mar 27, 2018 $0.008300 $0.008300
      Feb 26, 2018 $0.009300 $0.009300
      Dec 27, 2017 $0.754500 $0.178600 $0.043000 $0.532900
      Nov 27, 2017 $0.016800 $0.016800
      Oct 26, 2017 $0.014300 $0.014300
      Sep 26, 2017 $0.014400 $0.014400
      Aug 28, 2017 $0.014400 $0.014400
      Jul 26, 2017 $0.014400 $0.014400
      Jun 27, 2017 $0.010400 $0.010400
      May 25, 2017 $0.009400 $0.009400
      Apr 25, 2017 $0.013400 $0.013400
      Mar 28, 2017 $0.014400 $0.014400
      Feb 23, 2017 $0.009400 $0.009400
      Dec 27, 2016 $0.959900 $0.103500 $0.856400
      Nov 25, 2016 $0.022400 $0.022400
      Oct 26, 2016 $0.008700 $0.008700
      Sep 30, 2016 $0.028300 $0.028300
      Aug 31, 2016 $0.048200 $0.048200
      Jul 29, 2016 $0.011700 $0.011700
      Jun 30, 2016 $0.028000 $0.028000
      May 31, 2016 $0.033300 $0.033300
      Apr 29, 2016 $0.009200 $0.009200
      Mar 31, 2016 $0.024600 $0.024600
      Dec 30, 2015 $1.215100 $0.059700 $1.155400
      Oct 30, 2015 $0.010500 $0.010500
      Sep 30, 2015 $0.031600 $0.031600
      Aug 31, 2015 $0.028000 $0.028000
      Jul 31, 2015 $0.010200 $0.010200
      Jun 30, 2015 $0.032400 $0.032400
      May 29, 2015 $0.026000 $0.026000
      Apr 30, 2015 $0.010600 $0.010600
      Mar 31, 2015 $0.030100 $0.030100
      Dec 30, 2014 $1.216400 $0.050000 $1.166400
      Nov 28, 2014 $0.028900 $0.028900
      Oct 31, 2014 $0.049600 $0.049600
      Sep 30, 2014 $0.069000 $0.069000
      Aug 29, 2014 $0.027100 $0.027100
      Jul 31, 2014 $0.039400 $0.039400
      Jun 30, 2014 $0.030400 $0.030400
      May 30, 2014 $0.052200 $0.052200
      Apr 30, 2014 $0.010100 $0.010100
      Mar 31, 2014 $0.037600 $0.037600
      Feb 28, 2014 $0.061500 $0.061500
      Dec 30, 2013 $0.852600 $0.038000 $0.077400 $0.737200
      Nov 29, 2013 $0.055100 $0.055100
      Oct 31, 2013 $0.016600 $0.016600
      Sep 30, 2013 $0.020700 $0.020700
      Aug 30, 2013 $0.043000 $0.043000
      Jun 28, 2013 $0.028500 $0.028500
      May 31, 2013 $0.043000 $0.043000
      Mar 28, 2013 $0.007000 $0.007000
      Feb 28, 2013 $0.038000 $0.038000
      Jan 31, 2013 $0.002600 $0.002600
      Dec 28, 2012 $0.502200 $0.058700 $0.100600 $0.342900
      Nov 30, 2012 $0.039700 $0.039700
      Oct 31, 2012 $0.029200 $0.029200
      Sep 28, 2012 $0.021400 $0.021400
      Aug 31, 2012 $0.041600 $0.041600
      Jul 31, 2012 $0.014100 $0.014100
      Jun 29, 2012 $0.030900 $0.030900
      May 31, 2012 $0.041200 $0.041200
      Apr 30, 2012 $0.016400 $0.016400
      Mar 30, 2012 $0.022300 $0.022300
      Feb 29, 2012 $0.035400 $0.035400
      Jan 31, 2012 $0.007600 $0.007600
      Dec 29, 2011 $0.100300 $0.029800 $0.070500
      Nov 30, 2011 $0.040500 $0.040500
      Oct 31, 2011 $0.011300 $0.011300
      Sep 30, 2011 $0.020800 $0.020800
      Aug 31, 2011 $0.031400 $0.031400
      Jul 29, 2011 $0.007200 $0.007200
      Jun 30, 2011 $0.039800 $0.039800
      May 31, 2011 $0.030800 $0.030800
      Apr 29, 2011 $0.019400 $0.019400
      Mar 31, 2011 $0.030200 $0.030200
      Feb 28, 2011 $0.030600 $0.030600
      Jan 31, 2011 $0.008700 $0.008700
      Dec 29, 2010 $0.028900 $0.028900
      Nov 30, 2010 $0.027100 $0.027100
      Oct 29, 2010 $0.013000 $0.013000
      Sep 30, 2010 $0.023600 $0.023600
      Aug 31, 2010 $0.035000 $0.035000
      Jul 30, 2010 $0.016100 $0.016100
      Jun 30, 2010 $0.018900 $0.018900
      May 28, 2010 $0.027900 $0.027900
      Apr 30, 2010 $0.014000 $0.014000
      Mar 31, 2010 $0.022600 $0.022600
      Feb 26, 2010 $0.021300 $0.021300
      Jan 29, 2010 $0.014700 $0.014700
      Dec 29, 2009 $0.032300 $0.032300
      Nov 30, 2009 $0.016200 $0.016200
      Oct 30, 2009 $0.014000 $0.014000
      Sep 30, 2009 $0.021200 $0.021200
      Aug 31, 2009 $0.016700 $0.016700
      Jul 31, 2009 $0.014300 $0.014300
      Jun 30, 2009 $0.012700 $0.012700
      May 29, 2009 $0.026300 $0.026300
      Apr 30, 2009 $0.014400 $0.014400
      Mar 31, 2009 $0.013400 $0.013400
      Feb 27, 2009 $0.014400 $0.014400
      Jan 30, 2009 $0.016100 $0.016100
      Dec 29, 2008 $0.030300 $0.030300
      Nov 26, 2008 $0.015800 $0.015800
      Oct 31, 2008 $0.019600 $0.019600
      Sep 30, 2008 $0.035100 $0.035100
      Aug 29, 2008 $0.026000 $0.026000
      Jul 31, 2008 $0.017500 $0.017500
      Jun 30, 2008 $0.029300 $0.029300
      May 30, 2008 $0.038200 $0.038200
      Apr 30, 2008 $0.011400 $0.011400
      Mar 31, 2008 $0.044600 $0.044600
      Feb 29, 2008 $0.031800 $0.031800
      Jan 31, 2008 $0.015200 $0.015200
      Dec 14, 2007 $0.710800 $0.046700 $0.469000 $0.195100
      Nov 30, 2007 $0.037600 $0.037600
      Oct 31, 2007 $0.022000 $0.022000
      Sep 28, 2007 $0.041300 $0.041300
      Aug 31, 2007 $0.039900 $0.039900
      Jul 31, 2007 $0.017200 $0.017200
      Jun 29, 2007 $0.043800 $0.043800

Risk & Return Stats

As of: 10/31/2020

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Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 09/30/2020

United Parcel Service Inc, Class B 4.46%
Corning Inc 4.23%
Target Corp 3.90%
Verizon Communications Inc 3.86%
Comcast Corp, Class A 3.81%
Bristol-Myers Squibb Co 3.38%
AES Corp 3.34%
Unilever PLC ADR 3.28%
Kimberly-Clark Corp 2.89%
Cisco Systems Inc 2.72%
% in Top 10 Holdings 35.87%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Equity)

As of: 09/30/2020

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

 
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
  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

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

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