River Road Small Cap Value Fund  (ARSVX)

Fund Overview

Fund Overview

Share Class

N

Morningstar | Style Box

V B G L M S

NAV | as of 11/22/2017

$14.62
+$0.04 (+0.27%)

Overall Morningstar Rating



Rated against 655 Small Blend funds as of 10/31/2017

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Quarterly Performance (%) |
vs. Benchmark as of 09/30/2017

Fund Inception 06/28/2005

YTD 1YR 3YR 5YR 10YR INCEP.
ARSVX 8.31 21.54 12.85 12.62 6.32 8.25
Russell 2000® Value Index 5.68 20.55 12.12 13.27 7.14 7.68

Expense Ratios

  • Gross Expense Ratio: 1.41%
  • Net Expense Ratio: 1.41%
  • Expense Cap Expiration Date: 10/01/2018

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Objective

Seeks to provide long-term capital appreciation by investing in a portfolio of primarily small but also can invest in mid capitalization equity securities.

Why Consider

  • May be appropriate for investors looking to gain exposure to U.S. small cap, value-oriented, stocks
  • Enlightened risk management—portfolio managers will not average down on losing positions
  • Employs a proprietary, fundamentals-driven Absolute Value® investment philosophy, targeting well-managed, financially strong companies that generate predictable and sustainable cash flows and trade at attractive discounts
James C. Shircliff, CFA

James C. Shircliff, CFA

Chief Investment Officer

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R. Andrew Beck

R. Andrew Beck

President & CEO, Senior Portfolio Manager

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J. Justin Akin

J. Justin Akin

Portfolio Manager

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Performance

Performance

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Returns & Distributions

as of 09/30/2017

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2016 $0.662300 $0.398800 $0.263500
      Dec 30, 2015 $0.718700 $0.072400 $0.646300
      Dec 30, 2014 $1.986500 $0.447600 $1.538900
      Dec 30, 2013 $3.617700 $0.037400 $0.500000 $3.080300
      Dec 28, 2012 $0.655600 $0.222300 $0.433300
      Dec 29, 2010 $0.035200 $0.035200
      Dec 29, 2009 $0.009500 $0.009500
      Dec 29, 2008 $0.007600 $0.007600
      Dec 14, 2007 $0.538500 $0.002400 $0.474500 $0.061600
      Sep 14, 2007 $0.005000 $0.005000
      Jun 15, 2007 $0.018200 $0.018200
      Mar 16, 2007 $0.004000 $0.004000
      Dec 15, 2006 $0.152100 $0.026000 $0.123400 $0.002700

Growth of $10,000 (Hypothetical)

Since Inception 06/28/2005 to 10/31/2017 = $26,405.66

  • 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 (Equity)

Quarter Ending: 09/30/2017

FNFV Group 4.84%
White Mountains Insurance Group Ltd 4.53%
UniFirst Corp 4.46%
Blackhawk Network Holdings Inc 3.86%
Murphy USA Inc 3.61%
Liberty Expedia Holdings Inc, Class A 3.14%
Cars.com Inc 2.54%
Mitel Networks Corp 2.53%
Armstrong World Industries Inc 2.47%
CSG Systems International Inc 2.23%
% in Top 10 Holdings 34.21%
View Holding Details Read Important Investment Disclosures

MPT Stats

Month Ending: 10/31/2017

View All Characteristics & Stats

Sector Allocation (Equity)

Quarter Ending: 09/30/2017

Investment Approach

Investment Approach

River Road Small Cap Value Fund

Under normal conditions, the Fund invests at least 80% of its assets in small-cap equities deemed out of favor and/or undervalued relative to a company’s prospects for growth or relative to its peers. Target companies will typically have market capitalizations below $3B at the time of purchase; however, the Fund may also invest in midcap stocks, which the Fund considers to be companies with market capitalizations between $1B and $3B at the time of acquisition based on opportunity set. The Fund's Absolute Value® approach utilizes systematic and dynamic proprietary research to analyze companies based on the following investment criteria:

  • Financial strength trading at a discount to assessed valuation
  • 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.

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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

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

Founded

2005


Headquarters

Louisville, KY


Affiliate Since

2014


AUM

$5.3B

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