River Road Large Cap Value Select Fund  (FQUAX)

Fund Notice

Effective on or about March 22, 2021, the subadviser of AMG FQ Long-Short Equity Fund (the "Fund") will change from First Quadrant, L.P. to River Road Asset Management, LLC ("River Road"). The appointment of River Road is pursuant to an interim subadvisory agreement in anticipation of shareholder approval of a definitive subadvisory agreement. Also effective on or about March 22, 2021, the Fund will change its name to AMG River Road Large Cap Value Select Fund and make changes to its principal investment strategies and principal risks. For more information regarding these and other changes to the Fund, please see the Fund's prospectus.

This is part of a larger strategic business initiative to transition to a fund lineup entirely sub-advised by AMG Affiliates. We believe clients will benefit from a streamlined platform wholly focused on AMG Affiliates’ high-conviction investment offerings, including fee reductions, subject to shareholder approval, across all the strategies involved in the transition. Please see this Fund’s prospectus for further details on the fee reduction.

Fund Overview

Fund Overview

Share Class

N

  • N

NAV | as of 04/14/2021

$14.18
+$0.02 (+0.14%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating


Rated against 180 Long-Short Equity funds as of 03/31/2021

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 03/01/2006 to 03/31/2021 = $27,491.75

  • 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. 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.

Objective

The Fund seeks long-term capital appreciation.

Why Consider

  • May be appropriate for investors looking to gain exposure to a focused portfolio of U.S. large-cap companies
  • Enlightened risk management—portfolio managers will not average down on losing positions
  • Employs a fundamentals-driven Absolute Value® investment philosophy, targeting a concentrated, large-cap Fund portfolio of securities representing River Road’s “best ideas” within the market capitalization range
Matt W. Moran, CFA

Matt W. Moran, CFA

Vice President and Portfolio Manager

See Our Approach Read Bio
Daniel R. Johnson, CFA, CPA

Daniel R. Johnson, CFA, CPA

Vice President and Portfolio Manager

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

Returns

 

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. 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. Returns for periods less than one year are not annualized.

Expense Ratios

  • Gross Expense Ratio: 1.13%
  • Net Expense Ratio: 1.09%
  • Expense Cap Expiration Date: 03/01/2022

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Mar 25, 2021 $2.557500 $2.557500
      Dec 16, 2019 $0.693400 $0.308400 $0.385000
      Sep 26, 2019 $0.000200 $0.000200
      Jun 26, 2019 $0.004300 $0.004300
      Mar 27, 2019 $0.011600 $0.011600
      Dec 27, 2018 $0.505700 $0.091000 $0.414700
      Dec 27, 2017 $4.155500 $2.993000 $1.162500
      Sep 26, 2017 $0.007800 $0.007800
      Jun 27, 2017 $0.006200 $0.006200
      Mar 28, 2017 $0.091000 $0.091000
      Dec 27, 2016 $0.806700 $0.054700 $0.141100 $0.610900
      Sep 27, 2016 $0.034900 $0.034900
      Jun 27, 2016 $0.037000 $0.037000
      Mar 28, 2016 $0.036300 $0.036300
      Dec 28, 2015 $1.622100 $0.037600 $1.584500
      Sep 25, 2015 $0.027400 $0.027400
      Jun 25, 2015 $0.032900 $0.032900
      Mar 26, 2015 $0.075400 $0.075400
      Dec 26, 2014 $0.010700 $0.010700
      Sep 25, 2014 $0.034200 $0.034200
      Jun 25, 2014 $0.034500 $0.034500
      Mar 26, 2014 $0.027400 $0.027400
      Dec 26, 2013 $0.025300 $0.025300
      Sep 25, 2013 $0.033800 $0.033800
      Jun 25, 2013 $0.051300 $0.051300
      Mar 25, 2013 $0.041700 $0.041700
      Dec 26, 2012 $0.060600 $0.060600
      Sep 25, 2012 $0.057100 $0.057100
      Jun 26, 2012 $0.052300 $0.052300
      Mar 27, 2012 $0.056800 $0.056800
      Dec 27, 2011 $0.129800 $0.129800
      Dec 28, 2010 $0.089100 $0.089100
      Dec 28, 2009 $0.112500 $0.112500
      Dec 26, 2008 $0.128300 $0.128300
      Dec 26, 2007 $1.741100 $0.135000 $0.478000 $1.128100
      Dec 26, 2006 $1.672800 $0.157200 $0.676500 $0.839100

Risk & Return Stats

As of: 03/31/2021

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Long)

As of: 03/31/2021

Berkshire Hathaway Inc, Class B 8.90%
Nestle SA ADR 8.71%
Liberty Broadband Corp, Class C 7.20%
Dollar Tree Inc 5.10%
KKR & Co Inc, Class A 4.70%
General Dynamics Corp 4.69%
Fidelity National Financial Inc 4.57%
Comcast Corp, Class A 4.50%
Liberty Media Corp-Liberty SiriusXM, Class C 4.46%
Progressive Corp 4.40%
% in Top 10 Holdings 57.23%
View Holding Details Read Important Investment Disclosures

Investment Allocation

As of: 03/31/2021

Investment Approach

Investment Approach

River Road Large Cap Value Select Fund

The Fund invests in a focused portfolio of primarily large-cap equity securities that River Road believes are undervalued.        River Road's investment philosophy is based upon its proprietary Absolute Value® approach, which seeks to generate attractive, sustainable, low volatility returns over the long term, with an emphasis on minimizing downside portfolio risk.

River Road builds the Fund’s portfolio from the bottom up, making security-specific research central to their process.


River Road Large Cap Value Select Fund Introduction

 
An introduction to River Road Asset Management and the AMG River Road Large Cap Value Select Fund
Read More

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.

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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

ALSIX

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

ABIZX

River Road Mid Cap Value Fund

The Fund seeks to provide long-term capital appreciation.

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

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

Funds to Consider

GWMIX

GW&K Municipal Bond Fund

The Fund seeks to provide current income, exempt from federal income tax, and capital preservation by primarily investing in a portfolio of high-quality municipal bonds.


Overall Morningstar Rating

Rated against 249 Muni National Interm funds as of 03/31/2021
★★★

GWMIX
Bloomberg Barclays 10-Year Municipal Bond Index

Quarterly performance (%) data as of 03/31/2021

Fund Detail Read Important Investment Disclosures

Discover how the boutique advantage helps generate alpha.

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