Fund Overview
Share Class
N
NAV | as of 07/12/2019
$12.81+$0.01 (+0.08%)
Overall Morningstar Rating
Rated against 206 Long-Short Equity funds as of 06/30/2019
View Morningstar Details
Quarterly Performance (%)
vs. Benchmark as of 06/30/2019
Fund Inception 05/04/2011
| YTD | 1YR | 3YR | 5YR | 10YR | INCEP. | |
|---|---|---|---|---|---|---|
| ARLSX | 13.33 | 11.58 | 7.83 | 4.02 | - | 5.48 |
| Russell 3000® Index | 18.71 | 8.98 | 14.02 | 10.19 | 14.67 | 11.94 |
| 50% Russell 3000/50% ICE BofAML 0-3 Month US Treasury Bill | 9.73 | 5.89 | 7.70 | 5.65 | 7.65 | 6.38 |
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 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 or visit our website at amgfunds.com. 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.
Expense Ratios
- Gross Expense Ratio: 2.66%
- Net Expense Ratio: 2.39%
- Expense Cap Expiration Date: 03/01/2020
Read Important Investment Disclosures
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
