River Road Small-Mid Cap Value Fund  (ARSMX)

Fund Overview

Fund Overview

Share Class

N

Morningstar | Style Box

V B G L M S

NAV | as of 10/15/2018

$7.74
+$0.05 (+0.65%)

Overall Morningstar Rating



Rated against 652 Small Blend funds as of 09/30/2018

View Morningstar Details

Quarterly Performance (%) |
vs. Benchmark as of 09/30/2018

Fund Inception 03/29/2007

YTD 1YR 3YR 5YR 10YR INCEP.
ARSMX 12.14 14.13 18.97 10.74 10.26 7.59
Russell 2500® Value Index 5.75 10.24 14.51 9.99 10.53 7.17
Russell 2000® Value Index 7.14 9.33 16.12 9.91 9.52 6.63
View Monthly & Quarterly Performance Details

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 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.

Expense Ratios

  • Gross Expense Ratio: 1.47%
  • Net Expense Ratio: 1.38%
  • Expense Cap Expiration Date: 03/01/2019

Read Important Investment Disclosures

Objective

Seeks to provide long-term capital appreciation by investing in a portfolio of small and mid capitalization equity securities.

Why Consider

  • May be appropriate for investors looking to gain exposure to U.S. small and mid 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

Co-Chief Investment Officer & Portfolio Manager

See Our Approach Read Bio
R. Andrew Beck

R. Andrew Beck

President & CEO, Senior Portfolio Manager

See Our Approach Read Bio
J. Justin Akin

J. Justin Akin

Portfolio Manager

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

Returns & Distributions

As of 09/30/2018

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2017 $1.148000 $0.017200 $0.212700 $0.918100
      Dec 27, 2016 $0.590100 $0.009300 $0.009700 $0.571100
      Dec 30, 2015 $1.112000 $1.112000
      Dec 30, 2014 $1.428300 $0.452200 $0.976100
      Dec 30, 2013 $1.511600 $0.016700 $0.206800 $1.288100
      Dec 28, 2012 $0.635200 $0.124600 $0.031100 $0.479500
      Dec 29, 2011 $2.059200 $0.084000 $1.975200
      Dec 29, 2010 $0.114000 $0.030800 $0.083200
      Dec 29, 2008 $0.011300 $0.011300

Growth of $10,000 (Hypothetical)

Since Inception 03/29/2007 to 09/30/2018 = $23,198.29

  • 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)

As of: 09/30/2018

Premier Inc, Class A 3.97%
Gci Liberty Inc 3.85%
White Mountains Insurance Group Ltd 3.70%
Cannae Holdings Inc 3.37%
Hostess Brands Inc, Class A 2.90%
Sabre Corp 2.89%
Discovery Inc 2.85%
Liberty Expedia Holdings Inc, Class A 2.85%
Liberty Broadband Corp 2.74%
Avaya Holdings Corp 2.45%
% in Top 10 Holdings 31.57%
View Holding Details Read Important Investment Disclosures

MPT Stats

As of: 09/30/2018

View All Characteristics & Stats

Sector Allocation (Equity)

As of: 09/30/2018

Investment Approach

Investment Approach

River Road Small-Mid Cap Value Fund

Under normal conditions, the Fund invests at least 80% of its assets in small and mid-cap equities deemed out of favor and/or undervalued relative to a company’s prospects for growth or relative to their peers. Target companies will typically have market capitalizations below $1B at the time of purchase; however, firm size can exceed that range 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.

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

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

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

$5B

Funds to Consider

HLMNX

Harding Loevner International Equity Portfolio

The Portfolio seeks long-term capital appreciation through investments in equity securities of companies based outside the United States.


Overall Morningstar Rating

Rated against 347 Foreign Large Growth funds as of 09/30/2018
★★★★

HLMNX
MSCI ACWI ex USA Index

Quarterly performance (%) data as of 06/30/2018

Fund Detail Read Important Investment Disclosures

TCMPX

TimesSquare International Small Cap Fund

Seeks to provide long-term capital appreciation by primarily investing in international small cap companies.


Overall Morningstar Rating

Rated against 110 Foreign Small/Mid Growth funds as of 09/30/2018
★★★★

TCMPX
MSCI EAFE Small Cap Index

Quarterly performance (%) data as of 09/30/2018

Fund Detail Read Important Investment Disclosures

MGFIX

Loomis Sayles Bond Fund

Seeks a high level of current income by investing in a flexible portfolio of fixed income securities.


Overall Morningstar Rating

Rated against 902 Intermediate-Term Bond funds as of 09/30/2018
★★★★★

MGFIX
Bloomberg Barclays U.S. Government/Credit Bond Index

Quarterly performance (%) data as of 09/30/2018

Fund Detail Read Important Investment Disclosures

Discover how AMG Funds brings more than 100 products from over 30 independent boutiques together under one flag.

Learn More About AMG Funds
  Back To Top