Fund Overview
Share Class
N
NAV | as of 07/02/2020
$11.52+$0.01 (+0.09%)
Overall Morningstar Rating
Rated against 187 Long-Short Equity funds as of 05/31/2020
Growth of $10,000 (Hypothetical)
Since Inception 05/04/2011 to 05/31/2020 = $15,480.42
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
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.
Why Consider
- May be appropriate for investors looking for reduced correlation to traditional long-only style investments
- Enlightened risk management—portfolio managers will not average down on losing positions
- Employs a proprietary, fundamentals-driven Absolute Value® investment philosophy in taking long and short equity positions
