River Road Long-Short Fund  (ARLSX)

Fund Overview

Fund Overview

Share Class

N

NAV | as of 08/10/2020

$11.85
-$0.01 (-0.08%)

Overall Morningstar Rating


Rated against 183 Long-Short Equity funds as of 07/31/2020

Growth of $10,000 (Hypothetical)

Since Inception 05/04/2011 to 07/31/2020 = $15,506.88

  • 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 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

Documents

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Matt W. Moran, CFA

Matt W. Moran, CFA

Vice President and Portfolio Manager

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

Daniel R. Johnson, CFA, CPA

Vice President and 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: 2.85%
  • Net Expense Ratio: 2.44%
  • Expense Cap Expiration Date: 03/01/2021

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 16, 2019 $1.081400 $0.855700 $0.225700
      Dec 27, 2018 $0.712800 $0.135600 $0.577200
      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

Risk & Return Stats

As of: 07/31/2020

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Long)

As of: 06/30/2020

Berkshire Hathaway Inc, Class B 4.74%
Progressive Corp 3.29%
Huntington Ingalls Industries Inc 2.84%
NextEra Energy Inc 2.78%
Cie Financiere Richemont SA ADR 2.45%
Comcast Corp, Class A 2.22%
Nintendo Co Ltd ADR 2.22%
American Express Co 2.20%
AptarGroup Inc 2.14%
UniFirst Corp 2.08%
% in Top 10 Holdings 26.96%
View Holding Details Read Important Investment Disclosures

Investment Allocation

As of: 06/30/2020

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

Keep Calm and Remain Diversified

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

Rebalancing International Equities: What to Know. What to Consider.

 
Given the lessons of market history, the question is not if international equities will outperform their U.S. cousins, it is when. Consistently rebalancing your portfolio is key.
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

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

Funds to Consider

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.


Overall Morningstar Rating

Rated against 1114 Large Value funds as of 07/31/2020
★★

ARDEX
Russell 3000® Value Index

Quarterly performance (%) data as of 06/30/2020

Fund Detail Read Important Investment Disclosures

TYWVX

GW&K Emerging Wealth Equity Fund

Seeks to provide long-term capital appreciation by investing in emerging market companies and developed market companies that have emerging markets revenue exposure.


Overall Morningstar Rating

Rated against 698 Diversified Emerging Mkts funds as of 07/31/2020
★★★★

TYWVX
MSCI Emerging Markets Index

Quarterly performance (%) data as of 06/30/2020

Fund Detail Read Important Investment Disclosures

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