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Trending ETFs

AMG River Road Focused Absolute Value Fund

mutual fund
AFAVX
Payout Change
Pending
Price as of:
$14.79 -0.02 -0.14%
primary theme
U.S. Mid-Cap Blend Equity
share class
I (AFAVX) N (ARRFX) Z (ARRZX)
AFAVX (Mutual Fund)

AMG River Road Focused Absolute Value Fund

Payout Change
Pending
Price as of:
$14.79 -0.02 -0.14%
primary theme
U.S. Mid-Cap Blend Equity
share class
I (AFAVX) N (ARRFX) Z (ARRZX)
AFAVX (Mutual Fund)

AMG River Road Focused Absolute Value Fund

Payout Change
Pending
Price as of:
$14.79 -0.02 -0.14%
primary theme
U.S. Mid-Cap Blend Equity
share class
I (AFAVX) N (ARRFX) Z (ARRZX)

Name

As of 10/08/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AMG River Road Focused Absolute Value Fund

AFAVX | Fund

$14.79

$51.2 M

1.11%

$0.17

0.98%

Vitals

YTD Return

15.5%

1 yr return

25.6%

3 Yr Avg Return

2.0%

5 Yr Avg Return

5.6%

Net Assets

$51.2 M

Holdings in Top 10

48.4%

52 WEEK LOW AND HIGH

$14.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.98%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 149.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100,000

IRA

$25,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/08/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AMG River Road Focused Absolute Value Fund

AFAVX | Fund

$14.79

$51.2 M

1.11%

$0.17

0.98%

AFAVX - Profile

Distributions

  • YTD Total Return 15.5%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.35%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    AMG River Road Focused Absolute Value Fund
  • Fund Family Name
    AMGFUNDSGR
  • Inception Date
    Nov 03, 2015
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Thomas Forsha

Fund Description

The Fund principally invests in a portfolio of equity securities of U.S. and non-U.S. companies and may invest in securities of all market capitalizations. Under normal conditions, the Fund intends to invest its assets in the equity securities of a limited number of issuers. In pursuing its investment strategy, the Fund will primarily invest in common stocks, real estate investment trusts (“REITs”) and publicly traded partnerships (“PTPs”), including, but not limited to, master limited partnerships (“MLPs”). The Fund may invest in non U.S. companies through depositary receipts or by directly investing in securities listed on foreign exchanges.
The investment philosophy of River Road Asset Management, LLC, the subadviser to the Fund (“River Road” or the “Subadviser”), is based upon its proprietary Absolute Value® approach, which seeks to generate attractive, sustainablereturns over the long term, with an emphasis on minimizing downside portfolio risk.
The Subadviser builds the Fund’s portfolio from the bottom up, making security-specific research central to the Subadviser’s process. At the core of the Subadviser’s Absolute Value®approach is a systematic method for assessing the ‘risk-to-reward’ characteristics of an investment. The goal of the research process is to formulate two outputs from which an investment decision is made – conviction rating (risk) and discount to value (reward). The Subadviser combines a stock’s conviction rating with its discount to value in an effort to determine not only whether the stock qualifies for investment, but also how the stock will be sized within the Fund.
In managing the Fund, the Subadviser employs an all-cap strategy that focuses on a limited number of securities representing the Subadviser’s “best ideas” across all of its core strategies. These “best ideas” are the result of the Subadviser’s risk/reward assessment, which is based on the Subadviser’s conviction about a company and opinion about the company’s discount to valuation.
To seek to manage risk, the Subadviser employs a structured sell discipline.
The Subadviser’s investment strategy is highly opportunistic and may result in high portfolio turnover.
The Fund is classified as non-diversified.
Read More

AFAVX - Performance

Return Ranking - Trailing

Period AFAVX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.5% -8.7% 33.4% 20.73%
1 Yr 25.6% -2.2% 51.1% 55.46%
3 Yr 2.0%* -18.3% 23.7% 91.19%
5 Yr 5.6%* 0.6% 25.8% 97.56%
10 Yr N/A* 3.1% 13.5% N/A

* Annualized

Return Ranking - Calendar

Period AFAVX Return Category Return Low Category Return High Rank in Category (%)
2023 9.4% -12.9% 28.8% 75.21%
2022 -17.0% -52.6% 20.1% 32.10%
2021 7.4% -43.8% 32.4% 68.99%
2020 -1.4% -10.6% 82.1% 92.19%
2019 32.0% -8.5% 37.5% 2.87%

Total Return Ranking - Trailing

Period AFAVX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.5% -8.7% 33.4% 20.73%
1 Yr 25.6% -2.2% 51.1% 55.46%
3 Yr 2.0%* -18.3% 23.7% 91.19%
5 Yr 5.6%* 0.6% 25.8% 97.56%
10 Yr N/A* 3.1% 13.5% N/A

* Annualized

Total Return Ranking - Calendar

Period AFAVX Return Category Return Low Category Return High Rank in Category (%)
2023 12.5% 1.2% 31.3% 77.18%
2022 -16.2% -45.7% 21.1% 65.63%
2021 7.8% -30.2% 52.8% 97.68%
2020 -0.8% -8.4% 84.3% 97.60%
2019 34.7% 1.0% 43.4% 5.73%

NAV & Total Return History

AFAVX - Holdings

Concentration Analysis

AFAVX Category Low Category High AFAVX % Rank
Net Assets 51.2 M 728 K 168 B 86.55%
Number of Holdings 33 1 2714 88.52%
Net Assets in Top 10 23.1 M 399 K 13.2 B 79.55%
Weighting of Top 10 48.39% 0.5% 100.0% 11.24%

Top 10 Holdings

  1. Fairfax Financial Holdings Ltd 7.24%
  2. Berkshire Hathaway Inc 6.46%
  3. CRH PLC 5.15%
  4. Kroger Co/The 4.90%
  5. BJ's Wholesale Club Holdings Inc 4.76%
  6. Elevance Health Inc 4.36%
  7. Talen Energy Corp 4.20%
  8. WEX Inc 3.82%
  9. Starbucks Corp 3.77%
  10. Mid-America Apartment Communities Inc 3.75%

Asset Allocation

Weighting Return Low Return High AFAVX % Rank
Stocks 		98.34% 0.86% 100.69% 51.82%
Other 		1.68% -0.01% 51.08% 5.04%
Preferred Stocks 		0.00% 0.00% 11.46% 50.70%
Convertible Bonds 		0.00% 0.00% 1.78% 50.98%
Cash 		0.00% 0.00% 99.07% 97.76%
Bonds 		0.00% 0.00% 72.71% 56.86%

Stock Sector Breakdown

Weighting Return Low Return High AFAVX % Rank
Financial Services 		23.95% 0.00% 46.10% 4.21%
Technology 		16.06% 0.00% 40.65% 44.94%
Consumer Cyclical 		14.49% 2.49% 46.48% 29.78%
Communication Services 		14.34% 0.00% 30.98% 2.53%
Consumer Defense 		9.87% 0.00% 32.18% 7.30%
Utilities 		8.03% 0.00% 18.97% 10.39%
Healthcare 		7.27% 0.00% 24.06% 86.52%
Energy 		3.04% 0.00% 58.13% 76.12%
Industrials 		2.96% 0.00% 45.89% 98.03%
Real Estate 		0.00% 0.00% 25.82% 94.38%
Basic Materials 		0.00% 0.00% 16.35% 97.47%

Stock Geographic Breakdown

Weighting Return Low Return High AFAVX % Rank
US 		98.34% 0.86% 100.69% 46.78%
Non US 		0.00% 0.00% 10.11% 58.54%

AFAVX - Expenses

Operational Fees

AFAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.03% 19.40% 49.30%
Management Fee 0.60% 0.00% 1.50% 36.90%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.30% 72.64%

Sales Fees

AFAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

AFAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AFAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 149.00% 0.00% 304.00% 96.86%

AFAVX - Distributions

Dividend Yield Analysis

AFAVX Category Low Category High AFAVX % Rank
Dividend Yield 1.11% 0.00% 29.78% 23.53%

Dividend Distribution Analysis

AFAVX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

AFAVX Category Low Category High AFAVX % Rank
Net Income Ratio 0.35% -2.06% 3.38% 50.99%

Capital Gain Distribution Analysis

AFAVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

AFAVX - Fund Manager Analysis

Managers

Thomas Forsha

Start Date

Tenure

Tenure Rank

Nov 03, 2015

6.58

6.6%

Mr. Forsha serves as Co-Chief Investment Officer for River Road. Additionally, he is a portfolio manager for River Road’s Dividend All-Cap Value and Focused Absolute Value® Portfolios. Mr. Forsha holds equity in the firm and serves as a non-voting member of the Executive Committee, River Road’s governing body. Prior to joining River Road in 2005, Mr. Forsha served as Equity Analyst and Portfolio Manager for ABN AMRO Asset Management USA, where he was responsible for management of the North American equity allocation of the firm’s Global High Income Equity Fund.

R. Andrew Beck

Start Date

Tenure

Tenure Rank

Nov 03, 2015

6.58

6.6%

Mr. Beck serves as Chief Executive Officer for River Road. Additionally, he is a portfolio manager for River Road’s Small Cap Value, Small-Mid Cap Value, Mid Cap Value, and Focused Absolute Value® Portfolios. Mr. Beck is the largest individual shareholder in the firm and serves as Chair of the Executive Committee, River Road’s governing body. Prior to co-founding River Road in 2005, Mr. Beck served as Senior Research Analyst and, later, Senior Vice President and Portfolio Manager for SMC Capital Inc. (Commonwealth SMC).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 38.44 7.29 5.78

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