River Road Small-Mid Cap Value Fund  (ARIMX)

Fund Overview

Fund Overview

Share Class

I

NAV | as of 07/31/2020

$6.86
$0.00 (0.00%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating


Rated against 615 Small Blend funds as of 06/30/2020

Growth of $10,000 (Hypothetical)

Since Inception 06/28/2007 to 06/30/2020 = $20,125.30

  • 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

Seeks to provide long-term capital appreciation by investing in a portfolio of small and midcapitalization equity securities.

Why Consider

  • May be appropriate for investors looking to gain exposure to U.S. small and mid cap, value-oriented, stocks
  • Enlightened risk management—portfolio managers will not average down on losing positions
  • Employs a proprietary, fundamentals-driven Absolute Value® investment philosophy, targeting well-managed, financially strong companies that generate predictable and sustainable cash flows and trade at attractive discounts

Documents

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James C. Shircliff, CFA

James C. Shircliff, CFA

Chief Investment Officer

See Our Approach Read Bio
R. Andrew Beck

R. Andrew Beck

Chief Executive Officer and President

See Our Approach Read Bio
J. Justin Akin

J. Justin Akin

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: 1.12%
  • Net Expense Ratio: 1.09%
  • Expense Cap Expiration Date: 03/01/2021

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 16, 2019 $0.164300 $0.020000 $0.066400 $0.077900
      Dec 27, 2018 $0.542500 $0.177400 $0.365100
      Dec 27, 2017 $1.164800 $0.034000 $0.212700 $0.918100
      Dec 27, 2016 $0.619600 $0.028100 $0.009900 $0.581600
      Dec 30, 2015 $1.135400 $0.023400 $1.112000
      Dec 30, 2014 $1.428300 $0.452200 $0.976100
      Dec 30, 2013 $1.531900 $0.037000 $0.206800 $1.288100
      Dec 28, 2012 $0.657500 $0.146900 $0.031100 $0.479500
      Dec 29, 2011 $2.059200 $0.084000 $1.975200
      Dec 29, 2010 $0.136900 $0.053700 $0.083200
      Dec 29, 2009 $0.016800 $0.016800
      Dec 29, 2008 $0.015200 $0.015200
      Dec 14, 2007 $0.012300 $0.012300

Risk & Return Stats

As of: 06/30/2020

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Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 06/30/2020

Cannae Holdings Inc 5.19%
GCI Liberty Inc, Class A 4.87%
Air Transport Services Group Inc 4.31%
Premier Inc, Class A 4.09%
BJ's Wholesale Club Holdings Inc 3.69%
Hostess Brands Inc, Class A 3.57%
Liberty Broadband Corp, Class C 3.52%
UniFirst Corp 3.15%
LKQ Corp 3.15%
Argan Inc 2.87%
% in Top 10 Holdings 38.41%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Equity)

As of: 06/30/2020

Investment Approach

Investment Approach

River Road Small-Mid Cap Value Fund

Under normal conditions, the Fund invests at least 80% of its assets in small and mid-cap equities deemed out of favor and/or undervalued relative to a company’s prospects for growth or relative to their peers. Target companies will typically have market capitalizations below $1B at the time of purchase; however, firm size can exceed that range based on opportunity set. The Fund's Absolute Value® approach utilizes systematic and dynamic proprietary research to analyze companies based on the following investment criteria:

  • Financial strength trading at a discount to assessed valuation
  • Shareholder-oriented management teams
  • Undiscovered, under-followed, misunderstood companies with attractive business models

Keep Calm and Remain Diversified

 
A short- and long-term review of the power of diversification.
Read Full Perspective

Equity Style Analysis: Growth vs. Value

 
Recent Equity growth style outperformance may be testing the resolve many investors have to remain diversified. Although it is nearly impossible to predict when and to what extent these performance and valuation trends will reverse themselves, historically they have. Rather than try to predict future trends, investors should consider remaining diversified over the long term.
Read Full Perspective

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.

View Fund Details

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

ARLSX

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


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

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