River Road Focused Absolute Value Fund  (ARRZX)

Fund Overview

Fund Overview

Share Class

Z

NAV | as of 06/23/2021

$14.77
-$0.08 (-0.54%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating


Rated against 362 Mid-Cap Blend funds as of 05/31/2021

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 09/29/2017 to 05/31/2021 = $14,815.86

  • 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 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

Documents

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R. Andrew Beck

R. Andrew Beck

Chief Executive Officer and President

See Our Approach Read Bio
Thomas S. Forsha, CFA

Thomas S. Forsha, CFA

Co-Chief Investment Officer

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: 0.86%
  • Net Expense Ratio: 0.78%
  • Expense Cap Expiration Date: 03/01/2022

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 16, 2020 $0.081200 $0.081200
      Dec 16, 2019 $0.269700 $0.041500 $0.077200 $0.151000
      Dec 27, 2018 $0.793700 $0.089500 $0.529400 $0.174800
      Dec 27, 2017 $0.951900 $0.081000 $0.442700 $0.428200

Risk & Return Stats

As of: 05/31/2021

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 03/31/2021

Berkshire Hathaway Inc, Class B 9.64%
Liberty Broadband Corp, Class C 9.16%
Fidelity National Financial Inc 5.98%
Comcast Corp, Class A 5.80%
Liberty Media Corp-Liberty SiriusXM, Class C 5.79%
LKQ Corp 5.22%
Cisco Systems Inc 4.93%
Bristol-Myers Squibb Co 4.77%
Unilever PLC ADR 4.61%
Molson Coors Beverage Co, Class B 4.39%
% in Top 10 Holdings 60.29%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Equity)

As of: 03/31/2021

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

Keep Calm and Remain Diversified

 
A short- and long-term review of the power of diversification.
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

FQUAX

River Road Large Cap Value Select Fund

The Fund seeks long-term capital appreciation.

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ALSIX

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

ABIZX

River Road Mid Cap Value Fund

The Fund seeks to provide long-term capital appreciation.

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

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