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AMG River Road Large Cap Value Select Fund
MEQFX (Mutual Fund)
AMG River Road Large Cap Value Select Fund
Name
As of 12/12/2024Price
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
Vitals
YTD Return
29.6%
1 yr return
32.8%
3 Yr Avg Return
16.7%
5 Yr Avg Return
13.3%
Net Assets
$37.9 M
Holdings in Top 10
51.8%
52 WEEK LOW AND HIGH
$22.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.86%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 256.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$25,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
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
MEQFX - Profile
Distributions
- YTD Total Return 29.6%
- 3 Yr Annualized Total Return 16.7%
- 5 Yr Annualized Total Return 13.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.39%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAMG River Road Large Cap Value Select Fund
-
Fund Family NameAMGFUNDSGR
-
Inception DateJan 18, 2005
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Moran
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of large-capitalization companies. The Fund currently considers large-capitalization companies to be those with market capitalizations at the time of acquisition within the capitalization range of the Russell 1000® Index (between $2.4 billion and $2,684.7 billion as of April28, 2023, the date of the latest reconstitution of the Index (implemented by the Index June 23, 2023)). This capitalization range will change over time. The Fund may continue to hold securities of a portfolio company that subsequently drops below or appreciates above this capitalization threshold. Because of this, the Fund may have less than 80% of its net assets in securities of large-capitalization companies at any given time. Under normal conditions, the Fund intends to invest its assets in the equity securities of a limited number of issuers. The Fund is non-diversified.
The Fund invests primarily in equity securities that River Road Asset Management, LLC, the subadviser to the Fund (“River Road” or the “Subadviser”), believes are undervalued, including common stock, foreign securities (directly and through depositary receipts) and real estate investment trusts (“REITs”). Value investing involves buying stocks that River Road believes are out of favor and/or undervalued in comparison to their peers or their prospects for growth. The Fund may also invest in common stock of companies with market capitalizations that are below that of the Russell 1000® Index at the time of acquisition, convertible securities, preferred securities, and publicly traded partnerships (“PTPs”), including, but not limited to, master limited partnerships (“MLPs”).
The Subadviser’s investment philosophy 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). A stock’s conviction rating combined with its discount to value determine not only whether the stock qualifies for investment, but also how the stock will be sized within the Fund.
To seek to manage risk, the Subadviser employs a structured sell discipline.
MEQFX - Performance
Return Ranking - Trailing
| Period | MEQFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 29.6% | 4.3% | 46.2% | 9.60% |
| 1 Yr | 32.8% | 5.8% | 61.3% | 6.79% |
| 3 Yr | 16.7%* | -11.0% | 19.2% | 0.42% |
| 5 Yr | 13.3%* | -7.6% | 110.6% | 59.56% |
| 10 Yr | 11.1%* | -0.1% | 52.9% | 72.00% |
* Annualized
Return Ranking - Calendar
| Period | MEQFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.4% | -42.6% | 47.4% | 53.15% |
| 2022 | -11.3% | -56.3% | -4.2% | 3.08% |
| 2021 | 6.0% | -27.2% | 537.8% | 86.79% |
| 2020 | -4.0% | -22.5% | 2181.7% | 96.49% |
| 2019 | 5.8% | -13.5% | 40.4% | 97.60% |
Total Return Ranking - Trailing
| Period | MEQFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 29.6% | 4.3% | 46.2% | 9.60% |
| 1 Yr | 32.8% | 5.8% | 61.3% | 6.79% |
| 3 Yr | 16.7%* | -11.0% | 19.2% | 0.42% |
| 5 Yr | 13.3%* | -7.6% | 110.6% | 59.56% |
| 10 Yr | 11.1%* | -0.1% | 52.9% | 72.00% |
* Annualized
Total Return Ranking - Calendar
| Period | MEQFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.5% | -5.0% | 47.4% | 72.10% |
| 2022 | -9.5% | -36.8% | -2.2% | 8.17% |
| 2021 | 38.6% | 3.0% | 537.8% | 1.02% |
| 2020 | -4.0% | -15.8% | 2266.0% | 99.38% |
| 2019 | 10.9% | -0.4% | 241.3% | 99.63% |
NAV & Total Return History
MEQFX - Holdings
Concentration Analysis
| MEQFX | Category Low | Category High | MEQFX % Rank | |
|---|---|---|---|---|
| Net Assets | 37.9 M | 2.34 M | 1.55 T | 95.46% |
| Number of Holdings | 29 | 2 | 3963 | 95.30% |
| Net Assets in Top 10 | 21.4 M | 880 K | 525 B | 93.15% |
| Weighting of Top 10 | 51.77% | 0.3% | 111.6% | 8.04% |
Top 10 Holdings
- Nestle SA 8.34%
- CRH PLC 7.83%
- Fairfax Financial Holdings Ltd 5.80%
- Willis Towers Watson PLC 4.86%
- LKQ Corp 4.35%
- Lennar Corp 4.20%
- Kroger Co/The 4.19%
- BJ's Wholesale Club Holdings Inc 4.11%
- Valaris Ltd 4.06%
- Berkshire Hathaway Inc 4.04%
Asset Allocation
| Weighting | Return Low | Return High | MEQFX % Rank | |
|---|---|---|---|---|
| Stocks | 97.18% | 0.00% | 105.79% | 81.85% |
| Other | 2.88% | -13.91% | 100.00% | 4.21% |
| Preferred Stocks | 0.00% | 0.00% | 2.03% | 11.96% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 6.95% |
| Cash | 0.00% | 0.00% | 99.07% | 95.13% |
| Bonds | 0.00% | 0.00% | 93.85% | 13.61% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MEQFX % Rank | |
|---|---|---|---|---|
| Communication Services | 26.82% | 0.00% | 27.94% | 0.34% |
| Financial Services | 25.59% | 0.00% | 55.59% | 2.52% |
| Consumer Defense | 19.97% | 0.00% | 47.71% | 0.50% |
| Consumer Cyclical | 14.69% | 0.00% | 30.33% | 5.04% |
| Technology | 7.42% | 0.00% | 48.94% | 96.05% |
| Energy | 3.99% | 0.00% | 41.64% | 52.61% |
| Healthcare | 1.52% | 0.00% | 52.29% | 99.75% |
| Utilities | 0.00% | 0.00% | 20.91% | 84.87% |
| Real Estate | 0.00% | 0.00% | 31.91% | 86.89% |
| Industrials | 0.00% | 0.00% | 29.90% | 99.58% |
| Basic Materials | 0.00% | 0.00% | 25.70% | 94.29% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MEQFX % Rank | |
|---|---|---|---|---|
| US | 97.18% | 0.00% | 105.79% | 70.54% |
| Non US | 0.00% | 0.00% | 63.83% | 25.33% |
MEQFX - Expenses
Operational Fees
| MEQFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.86% | 0.01% | 19.75% | 45.60% |
| Management Fee | 0.35% | 0.00% | 1.90% | 33.42% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.00% | 0.85% | 71.23% |
Sales Fees
| MEQFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MEQFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| MEQFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 256.00% | 0.00% | 268.00% | 99.51% |
MEQFX - Distributions
Dividend Yield Analysis
| MEQFX | Category Low | Category High | MEQFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 25.47% | 67.08% |
Dividend Distribution Analysis
| MEQFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| MEQFX | Category Low | Category High | MEQFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.39% | -54.00% | 2.44% | 68.21% |
Capital Gain Distribution Analysis
| MEQFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.165 | OrdinaryDividend |
| Dec 15, 2022 | $0.302 | OrdinaryDividend |
| Dec 15, 2021 | $1.611 | CapitalGainLongTerm |
| Mar 25, 2021 | $2.569 | OrdinaryDividend |
| Dec 16, 2019 | $0.308 | CapitalGainShortTerm |
| Dec 16, 2019 | $0.385 | CapitalGainLongTerm |
| Sep 26, 2019 | $0.013 | OrdinaryDividend |
| Jun 26, 2019 | $0.017 | OrdinaryDividend |
| Mar 27, 2019 | $0.029 | OrdinaryDividend |
| Dec 27, 2018 | $0.091 | CapitalGainShortTerm |
| Dec 27, 2018 | $0.415 | CapitalGainLongTerm |
| Dec 27, 2017 | $2.993 | CapitalGainShortTerm |
| Dec 27, 2017 | $1.163 | CapitalGainLongTerm |
| Sep 26, 2017 | $0.030 | OrdinaryDividend |
| Jun 27, 2017 | $0.030 | OrdinaryDividend |
| Mar 28, 2017 | $0.098 | OrdinaryDividend |
| Dec 27, 2016 | $0.069 | OrdinaryDividend |
| Dec 27, 2016 | $0.141 | CapitalGainShortTerm |
| Dec 27, 2016 | $0.611 | CapitalGainLongTerm |
| Sep 27, 2016 | $0.045 | OrdinaryDividend |
| Jun 27, 2016 | $0.047 | OrdinaryDividend |
| Mar 28, 2016 | $0.046 | OrdinaryDividend |
| Dec 28, 2015 | $0.049 | OrdinaryDividend |
| Dec 28, 2015 | $1.584 | CapitalGainLongTerm |
| Sep 25, 2015 | $0.038 | OrdinaryDividend |
| Jun 25, 2015 | $0.044 | OrdinaryDividend |
| Mar 26, 2015 | $0.086 | OrdinaryDividend |
| Dec 26, 2014 | $0.053 | OrdinaryDividend |
| Sep 25, 2014 | $0.045 | OrdinaryDividend |
| Jun 25, 2014 | $0.045 | OrdinaryDividend |
| Mar 26, 2014 | $0.040 | OrdinaryDividend |
| Dec 26, 2013 | $0.056 | OrdinaryDividend |
| Sep 25, 2013 | $0.043 | OrdinaryDividend |
| Jun 25, 2013 | $0.060 | OrdinaryDividend |
| Mar 25, 2013 | $0.050 | OrdinaryDividend |
| Dec 26, 2012 | $0.090 | OrdinaryDividend |
| Sep 25, 2012 | $0.065 | OrdinaryDividend |
| Jun 26, 2012 | $0.060 | OrdinaryDividend |
| Mar 27, 2012 | $0.070 | OrdinaryDividend |
| Dec 27, 2011 | $0.167 | OrdinaryDividend |
| Dec 28, 2010 | $0.116 | OrdinaryDividend |
| Dec 28, 2009 | $0.137 | OrdinaryDividend |
| Dec 26, 2008 | $0.148 | OrdinaryDividend |
| Dec 26, 2007 | $0.480 | CapitalGainShortTerm |
| Dec 26, 2007 | $1.134 | CapitalGainLongTerm |
| Dec 26, 2007 | $0.154 | OrdinaryDividend |
| Dec 26, 2006 | $0.677 | CapitalGainShortTerm |
| Dec 26, 2006 | $0.839 | CapitalGainLongTerm |
| Dec 26, 2006 | $0.157 | OrdinaryDividend |
| Dec 27, 2005 | $0.184 | OrdinaryDividend |
| Dec 27, 2005 | $0.512 | CapitalGainLongTerm |
MEQFX - Fund Manager Analysis
Managers
Matthew Moran
Start Date
Tenure
Tenure Rank
Mar 22, 2021
1.19
1.2%
Mr. Moran serves as a portfolio manager of River Road’s Mid Cap Value and Large Cap Value Select Portfolios. Mr. Moran holds equity in the firm. Prior to joining River Road in 2007, Mr. Moran held various investment positions at Goldman Sachs, Citigroup, and Morningstar.
Daniel Johnson
Start Date
Tenure
Tenure Rank
Mar 22, 2021
1.19
1.2%
Mr. Johnson serves as a portfolio manager for River Road’s Mid Cap Value and Large Cap Value Select Portfolios. He previously served as Senior Equity Analyst for River Road. Mr. Johnson 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 2006, Mr. Johnson was a public accountant with PricewaterhouseCoopers.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.27 | 2.42 |
