River Road Focused Absolute Value Fund  (ARRFX)

Fund Overview

Fund Overview

Share Class

N

  • N

Morningstar | Style Box

V B G L M S

NAV | as of 09/18/2017

$11.99
-$0.01 (-0.08%)

Quarterly Performance (%) |
vs. Benchmark as of 06/30/2017

Fund Inception 11/03/2015

YTD 1YR 3YR 5YR 10YR INCEP.
ARRFX 6.34 25.50 - - - 14.94
Russell 3000® Value Index 4.32 16.21 7.32 13.89 5.59 11.35

Expense Ratios

  • Gross Expense Ratio: 1.95%
  • Net Expense Ratio: 1.00%
  • Expense Cap Expiration Date: 02/28/2018

Read Important Investment Disclosures

Objective

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

Why Consider

  • May be appropriate for investors looking to gain exposure to a portfolio of U.S. and non-U.S. companies that may invest in securities of all market capitalizations
  • Enlightened risk management—portfolio managers will not average down on losing positions
  • Employs a fundamentals-driven Absolute Value® investment philosophy, targeting a concentrated, all-cap Fund portfolio of securities representing River Road’s “best ideas” across their core strategies
R. Andrew Beck

R. Andrew Beck

President & CEO, 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 06/30/2017

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2016 $0.818600 $0.086300 $0.693600 $0.038700

Sector Allocation (Equity)

Quarter Ending: 06/30/2017

Top Holdings (Equity)

Quarter Ending: 06/30/2017

Berkshire Hathaway Inc, Class B 6.88%
Premier Inc, Class A 6.87%
Liberty Ventures 6.16%
CVS Health Corp 4.60%
General Motors Co 4.58%
Armstrong World Industries Inc 4.47%
Liberty Media Corp-Liberty SiriusXM 4.37%
National Fuel Gas Co 3.90%
Oaktree Capital Group LLC 3.72%
Sabre Corp 3.66%
% in Top 10 Holdings 49.21%
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Characteristics & Stats

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Investment Approach

Investment Approach

River Road Focused Absolute Value Fund

A relatively concentrated portfolio of River Road's best core ideas, the Fund is comprised of equity securities of U.S. and non-U.S. companies of all market capitalizations. The Fund's Absolute Value® approach utilizes systematic and dynamic proprietary research to target companies exhibiting:

  • Financial strength at attractive prices
  • Shareholder-oriented management teams
  • Undiscovered, under-followed, misunderstood companies with attractive business models

Markets Are Cyclical, Your Success Should Not Be

If history has taught us anything, it is that markets are cyclical. They rise and they fall, and just when investors convince themselves that something has changed, the pattern continues. Investors who understand this about the markets possess a distinct advantage.
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.

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ADVTX

River Road Dividend All Cap Value Fund II

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

$5.3B

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