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AMG River Road Dividend All Cap Value Fund
ARZDX (Mutual Fund)
AMG River Road Dividend All Cap Value Fund
Name
As of 12/19/2024Price
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
15.5%
1 yr return
18.2%
3 Yr Avg Return
5.8%
5 Yr Avg Return
6.5%
Net Assets
$85.4 M
Holdings in Top 10
34.2%
52 WEEK LOW AND HIGH
$6.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.73%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
$50,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/19/2024Price
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
ARZDX - Profile
Distributions
- YTD Total Return 15.5%
- 3 Yr Annualized Total Return 5.8%
- 5 Yr Annualized Total Return 6.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.80%
- Dividend Yield 5.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameAMG River Road Dividend All Cap Value Fund
-
Fund Family NameAMGFUNDSGR
-
Inception DateSep 29, 2017
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerHenry Sanders
Fund Description
Under normal conditions, the Fund invests at least 80% of its assets in equity securities. The Fund invests in a diversified, all-cap portfolio of income-producing equity securities with yields that River Road Asset Management, LLC, the subadviser to the Fund (“River Road” or the “Subadviser”), believes will exceed that of the Russell 3000 Value Index. The Fund invests primarily in dividend paying common stocks, publicly traded partnerships (“PTPs”), and real estate investment trusts (“REITs”). The Fund may also invest in foreign securities (directly and through depositary receipts), convertible preferred stocks, and royalty income trusts.
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). 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.
The Subadviser employs a balanced approach to diversification and a structured sell discipline that seeks to reduce portfolio volatility and the risk of permanent loss of capital.
ARZDX - Performance
Return Ranking - Trailing
| Period | ARZDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.5% | -18.8% | 44.3% | 25.12% |
| 1 Yr | 18.2% | -16.0% | 44.3% | 16.68% |
| 3 Yr | 5.8%* | -3.7% | 17.7% | 71.58% |
| 5 Yr | 6.5%* | -1.1% | 43.5% | 88.96% |
| 10 Yr | N/A* | 1.1% | 24.6% | 90.79% |
* Annualized
Return Ranking - Calendar
| Period | ARZDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -2.4% | -16.9% | 46.1% | 91.46% |
| 2022 | -15.6% | -64.7% | 4.6% | 77.95% |
| 2021 | -0.6% | -44.2% | 57.5% | 95.69% |
| 2020 | -4.6% | -23.2% | 285.0% | 82.93% |
| 2019 | 13.0% | -21.4% | 48.5% | 86.97% |
Total Return Ranking - Trailing
| Period | ARZDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.5% | -18.8% | 44.3% | 25.12% |
| 1 Yr | 18.2% | -16.0% | 44.3% | 16.68% |
| 3 Yr | 5.8%* | -3.7% | 17.7% | 71.58% |
| 5 Yr | 6.5%* | -1.1% | 43.5% | 88.96% |
| 10 Yr | N/A* | 1.1% | 24.6% | 89.50% |
* Annualized
Total Return Ranking - Calendar
| Period | ARZDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.3% | -15.9% | 46.7% | 95.87% |
| 2022 | -3.2% | -42.0% | 8.5% | 26.62% |
| 2021 | 21.9% | 3.6% | 129.7% | 86.19% |
| 2020 | -1.8% | -22.6% | 304.8% | 86.65% |
| 2019 | 23.4% | -12.7% | 52.1% | 74.25% |
NAV & Total Return History
ARZDX - Holdings
Concentration Analysis
| ARZDX | Category Low | Category High | ARZDX % Rank | |
|---|---|---|---|---|
| Net Assets | 85.4 M | 2.09 M | 163 B | 87.28% |
| Number of Holdings | 59 | 2 | 1727 | 70.53% |
| Net Assets in Top 10 | 34.1 M | 466 K | 39.5 B | 86.25% |
| Weighting of Top 10 | 34.21% | 4.4% | 99.1% | 23.71% |
Top 10 Holdings
- Oracle Corp 4.39%
- Williams Cos Inc/The 3.83%
- Progressive Corp/The 3.73%
- Kinder Morgan Inc 3.52%
- Unilever PLC 3.44%
- PNC Financial Services Group Inc/The 3.40%
- COMCAST CORP-CLASS A 3.07%
- CORNING INC 2.99%
- Cogent Communications Holdings Inc 2.93%
- American Tower Corp 2.91%
Asset Allocation
| Weighting | Return Low | Return High | ARZDX % Rank | |
|---|---|---|---|---|
| Stocks | 99.78% | 4.16% | 102.49% | 7.39% |
| Other | 0.42% | -2.59% | 39.89% | 13.47% |
| Preferred Stocks | 0.00% | 0.00% | 13.68% | 93.36% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 93.23% |
| Cash | 0.00% | 0.00% | 17.28% | 99.81% |
| Bonds | 0.00% | 0.00% | 97.99% | 93.26% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ARZDX % Rank | |
|---|---|---|---|---|
| Financial Services | 19.75% | 0.00% | 58.05% | 44.95% |
| Healthcare | 13.92% | 0.00% | 30.08% | 83.76% |
| Technology | 13.74% | 0.00% | 54.02% | 24.65% |
| Consumer Defense | 12.09% | 0.00% | 34.10% | 17.28% |
| Energy | 10.53% | 0.00% | 54.00% | 21.81% |
| Utilities | 9.62% | 0.00% | 27.04% | 7.08% |
| Communication Services | 8.19% | 0.00% | 26.58% | 17.09% |
| Consumer Cyclical | 5.12% | 0.00% | 22.74% | 64.12% |
| Industrials | 4.93% | 0.00% | 42.76% | 95.09% |
| Real Estate | 2.12% | 0.00% | 90.54% | 58.55% |
| Basic Materials | 0.00% | 0.00% | 20.01% | 98.68% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ARZDX % Rank | |
|---|---|---|---|---|
| US | 99.78% | 4.16% | 102.49% | 7.11% |
| Non US | 0.00% | 0.00% | 24.08% | 94.48% |
ARZDX - Expenses
Operational Fees
| ARZDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.73% | 0.03% | 14.82% | 68.26% |
| Management Fee | 0.50% | 0.00% | 1.50% | 38.18% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.00% | 0.50% | 77.85% |
Sales Fees
| ARZDX 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 | 0.95% | 5.00% | N/A |
Trading Fees
| ARZDX 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.
| ARZDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 20.00% | 0.00% | 488.00% | 23.06% |
ARZDX - Distributions
Dividend Yield Analysis
| ARZDX | Category Low | Category High | ARZDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.24% | 0.00% | 16.67% | 28.00% |
Dividend Distribution Analysis
| ARZDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Semi-Annually | Annual |
Net Income Ratio Analysis
| ARZDX | Category Low | Category High | ARZDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.80% | -1.51% | 4.28% | 25.29% |
Capital Gain Distribution Analysis
| ARZDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 16, 2024 | $0.079 | OrdinaryDividend |
| Dec 16, 2024 | $4.580 | CapitalGainLongTerm |
| Sep 26, 2024 | $0.110 | OrdinaryDividend |
| Jun 26, 2024 | $0.082 | OrdinaryDividend |
| Mar 26, 2024 | $0.070 | OrdinaryDividend |
| Dec 14, 2023 | $0.039 | OrdinaryDividend |
| Dec 14, 2023 | $0.235 | CapitalGainLongTerm |
| Sep 27, 2023 | $0.042 | OrdinaryDividend |
| Jun 28, 2023 | $0.071 | OrdinaryDividend |
| Mar 29, 2023 | $0.055 | OrdinaryDividend |
| Dec 15, 2022 | $1.247 | OrdinaryDividend |
| Sep 28, 2022 | $0.055 | OrdinaryDividend |
| Jun 28, 2022 | $0.049 | OrdinaryDividend |
| Mar 29, 2022 | $0.059 | OrdinaryDividend |
| Dec 15, 2021 | $2.340 | OrdinaryDividend |
| Sep 28, 2021 | $0.078 | OrdinaryDividend |
| Jun 28, 2021 | $0.030 | OrdinaryDividend |
| Mar 29, 2021 | $0.063 | OrdinaryDividend |
| Dec 16, 2020 | $0.069 | OrdinaryDividend |
| Sep 28, 2020 | $0.077 | OrdinaryDividend |
| Jun 26, 2020 | $0.046 | OrdinaryDividend |
| Mar 27, 2020 | $0.084 | OrdinaryDividend |
| Dec 16, 2019 | $0.172 | OrdinaryDividend |
| Dec 16, 2019 | $0.736 | CapitalGainLongTerm |
| Sep 26, 2019 | $0.040 | OrdinaryDividend |
| Jun 26, 2019 | $0.075 | OrdinaryDividend |
| Mar 27, 2019 | $0.060 | OrdinaryDividend |
| Dec 27, 2018 | $0.159 | OrdinaryDividend |
| Dec 27, 2018 | $0.725 | CapitalGainLongTerm |
| Sep 26, 2018 | $0.065 | OrdinaryDividend |
| Jun 27, 2018 | $0.015 | OrdinaryDividend |
| May 29, 2018 | $0.015 | OrdinaryDividend |
| Apr 26, 2018 | $0.004 | OrdinaryDividend |
| Mar 27, 2018 | $0.009 | OrdinaryDividend |
| Feb 26, 2018 | $0.010 | OrdinaryDividend |
| Dec 27, 2017 | $0.043 | CapitalGainShortTerm |
| Dec 27, 2017 | $0.533 | CapitalGainLongTerm |
| Dec 27, 2017 | $0.179 | OrdinaryDividend |
| Nov 27, 2017 | $0.018 | OrdinaryDividend |
| Oct 26, 2017 | $0.015 | OrdinaryDividend |
ARZDX - Fund Manager Analysis
Managers
Henry Sanders
Start Date
Tenure
Tenure Rank
Jun 28, 2005
16.93
16.9%
Mr. Sanders serves as a portfolio manager for River Road’s Dividend All-Cap Value Portfolios. Mr. Sanders holds equity in the firm and serves as a voting member of the Executive Committee, River Road’s governing body. Prior to co-founding River Road in 2005, Mr. Sanders served as Senior Vice President and Portfolio Manager for Commonwealth Trust Co. (Commonwealth SMC). Additionally, he served as President of Bridges Capital Management and Vice President of PRIMCO Capital Management. Mr. Sanders has also served as an adjunct professor of Finance and Economics at Bellarmine University.
Thomas Forsha
Start Date
Tenure
Tenure Rank
Jun 30, 2007
14.93
14.9%
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.
Andrew McIntosh
Start Date
Tenure
Tenure Rank
Apr 18, 2018
4.12
4.1%
Mr. McIntosh serves as a portfolio manager for River Road’s Dividend All-Cap Value Portfolios. Mr. McIntosh holds equity in the firm. Prior to joining River Road in 2011, Mr. McIntosh served as Structured Finance Analyst on a portfolio of subprime and second lien securities at AEGON USA Investment Management LLC.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.12 | 0.25 |
