River Road Long-Short Fund  (ARLSX)

Fund Overview

Fund Overview

Share Class

N

  • N

NAV | as of 09/21/2017

$12.28
$0.00 (0.00%)

Overall Morningstar Rating



Rated against 187 Long-Short Equity funds as of 08/31/2017

View Morningstar Details

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

Fund Inception 05/04/2011

YTD 1YR 3YR 5YR 10YR INCEP.
ARLSX 5.31 12.56 3.01 5.86 - 5.46
Russell 3000® Index 8.93 18.51 9.10 14.58 7.26 11.97
50% Russell 3000®/50% BofA ML U.S. TBill (0-3 mos) Index 4.56 9.20 4.78 7.33 4.41 6.19

Expense Ratios

  • Gross Expense Ratio: 3.41%
  • Net Expense Ratio: 3.32%
  • Expense Cap Expiration Date: 02/28/2018

Read Important Investment Disclosures

Objective

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.

Why Consider

  • May be appropriate for investors looking for reduced correlation to traditional long-only style investments
  • Enlightened risk management—portfolio managers will not average down on losing positions
  • Employs a proprietary, fundamentals-driven Absolute Value® investment philosophy in taking long and short equity positions
Matt W. Moran, CFA

Matt W. Moran, CFA

Portfolio Manager

See Our Approach Read Bio
Daniel R. Johnson, CFA, CPA

Daniel R. Johnson, CFA, CPA

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 30, 2015 $0.380900 $0.268500 $0.112400
      Dec 30, 2014 $0.297900 $0.278900 $0.019000
      Dec 30, 2013 $0.290800 $0.289100 $0.001700
      Dec 28, 2012 $0.561000 $0.533100 $0.027900

Growth of $10,000 (Hypothetical)

Since Inception 05/04/2011 to 08/31/2017 = $14,104.56

  • 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 (Long)

Quarter Ending: 06/30/2017

Berkshire Hathaway Inc, Class B 5.51%
Alphabet Inc 4.75%
McKesson Corp 4.56%
Liberty Ventures 3.99%
Liberty Media Corp-Liberty SiriusXM 3.99%
Nestle SA ADR 3.96%
Armstrong World Industries Inc 3.95%
Comcast Corp, Class A 3.86%
Nielsen Holdings PLC 3.64%
CVS Health Corp 3.58%
% in Top 10 Holdings 41.79%
View Holding Details Read Important Investment Disclosures

MPT Stats

Month Ending: 08/31/2017

View All Characteristics & Stats

Investment Allocation

Quarter Ending: 06/30/2017

Investment Approach

Investment Approach

River Road Long-Short Fund

The Fund pursues its investment objective by taking long and short positions in equity securities. Under normal circumstances, the Fund will maintain higher percentages of its assets in long positions. The Fund’s Absolute Value® approach to investment utilizes systematic and dynamic proprietary research 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.

View Fund Details

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

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


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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