Name
As of 02/09/2024Price
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
0.6%
1 yr return
10.7%
3 Yr Avg Return
7.2%
5 Yr Avg Return
7.7%
Net Assets
$10.1 M
Holdings in Top 10
35.7%
52 WEEK LOW AND HIGH
$10.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.86%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 159.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$25,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/09/2024Price
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
ALSIX - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return 7.2%
- 5 Yr Annualized Total Return 7.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.46%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAMG River Road International Value Equity Fund
-
Fund Family NameAMGFUNDSGR
-
Inception DateMar 04, 2013
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Hoskins
Fund Description
The Fund invests primarily in equity and equity equivalent securities of non-U.S. companies. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity and equity equivalent securities. Equity and equity equivalent securities include, but are not limited to, common stock, convertible securities, preferred securities, real estate investment trusts (“REITs”), and publicly traded partnerships (“PTPs”), including, but not limited to, master limited partnerships (“MLPs”). In addition, under normal circumstances, the Fund invests at least 40% (or if conditions are not favorable, in the view of River Road Asset Management, LLC, the subadviser to the Fund (“River Road” or the “Subadviser”), at least 30%) of its net assets in investments economically tied to countries other than the U.S., and the Fund will hold investments economically tied to a minimum of three countries other than the U.S. The Fund considers an investment to be economically tied to a country other than the U.S. if it provides investment exposure to a non-U.S. issuer. The Fund considers a company to be a non-U.S. issuer if (i) it is organized outside the U.S. or maintains a principal place of business outside the U.S., (ii) its securities are
traded principally outside the U.S., or (iii) during its most recent fiscal year, it derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed outside the U.S. or it has at least 50% of its assets outside the U.S. The Fund may invest in securities of issuers located in any country, including developed and emerging market countries, directly and through depositary receipts. The Fund may invest up to 20% of its net assets in emerging market countries.
The Fund invests primarily in securities that River Road believes are undervalued. Value investing involves buying stocks that River Road believes are out of favor and/or undervalued in comparison to their peers or their prospects for growth.
The Subadviser’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.
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.
The Fund may invest in securities of any market capitalization. Under normal conditions, the Fund intends to invest its assets in equity securities of a limited number of securities or issuers.
ALSIX - Performance
Return Ranking - Trailing
| Period | ALSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.6% | -7.7% | 10.2% | 75.43% |
| 1 Yr | 10.7% | -10.3% | 32.6% | 37.71% |
| 3 Yr | 7.2%* | -28.6% | 38.6% | 28.39% |
| 5 Yr | 7.7%* | -4.8% | 25.7% | 33.57% |
| 10 Yr | 5.5%* | -4.0% | 9.6% | 33.82% |
* Annualized
Return Ranking - Calendar
| Period | ALSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.0% | -17.3% | 43.8% | 24.00% |
| 2022 | -8.0% | -54.0% | 17.4% | 35.63% |
| 2021 | -22.7% | -40.0% | 54.1% | 98.05% |
| 2020 | 0.4% | -47.6% | 88.4% | 62.16% |
| 2019 | 12.8% | -20.3% | 62.6% | 31.65% |
Total Return Ranking - Trailing
| Period | ALSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.6% | -7.7% | 10.2% | 75.43% |
| 1 Yr | 10.7% | -10.3% | 32.6% | 37.71% |
| 3 Yr | 7.2%* | -28.6% | 38.6% | 28.39% |
| 5 Yr | 7.7%* | -4.8% | 25.7% | 33.57% |
| 10 Yr | 5.5%* | -4.0% | 9.6% | 33.82% |
* Annualized
Total Return Ranking - Calendar
| Period | ALSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.1% | -14.5% | 43.8% | 18.86% |
| 2022 | -4.5% | -54.0% | 50.3% | 40.63% |
| 2021 | 12.6% | -40.0% | 61.6% | 51.95% |
| 2020 | 0.4% | -29.9% | 91.0% | 70.95% |
| 2019 | 22.4% | -17.9% | 79.4% | 10.79% |
NAV & Total Return History
ALSIX - Holdings
Concentration Analysis
| ALSIX | Category Low | Category High | ALSIX % Rank | |
|---|---|---|---|---|
| Net Assets | 10.1 M | 1.04 M | 6.15 B | 92.61% |
| Number of Holdings | 42 | 2 | 1839 | 69.94% |
| Net Assets in Top 10 | 3.55 M | 474 K | 1.98 B | 91.33% |
| Weighting of Top 10 | 35.67% | 0.4% | 101.9% | 63.01% |
Top 10 Holdings
- Deutsche Telekom AG 3.81%
- BAE Systems PLC 3.77%
- FICC 3.76%
- Sony Group Corp 3.64%
- DBS Group Holdings Ltd 3.63%
- AXA SA 3.60%
- Shell PLC 3.51%
- Deutsche Boerse AG 3.37%
- Thales SA 3.31%
- Ashtead Group PLC 3.28%
Asset Allocation
| Weighting | Return Low | Return High | ALSIX % Rank | |
|---|---|---|---|---|
| Stocks | 96.08% | 0.00% | 102.29% | 6.94% |
| Other | 3.76% | -37.55% | 99.46% | 16.76% |
| Cash | 0.16% | 0.00% | 100.92% | 97.69% |
| Preferred Stocks | 0.00% | 0.00% | 8.72% | 77.46% |
| Convertible Bonds | 0.00% | -0.02% | 4.48% | 69.46% |
| Bonds | 0.00% | 0.00% | 95.60% | 79.77% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ALSIX % Rank | |
|---|---|---|---|---|
| Financial Services | 26.06% | 0.00% | 83.83% | 8.22% |
| Industrials | 15.72% | 0.00% | 31.93% | 11.64% |
| Healthcare | 13.43% | 0.00% | 100.00% | 67.12% |
| Technology | 13.27% | 0.00% | 43.24% | 80.14% |
| Communication Services | 10.55% | 0.00% | 32.32% | 11.64% |
| Consumer Defense | 6.95% | 0.00% | 33.38% | 35.62% |
| Energy | 6.61% | 0.00% | 32.57% | 28.77% |
| Consumer Cyclical | 2.59% | 0.00% | 88.83% | 92.47% |
| Utilities | 2.49% | 0.00% | 21.71% | 39.73% |
| Basic Materials | 2.33% | 0.00% | 28.58% | 63.70% |
| Real Estate | 0.00% | 0.00% | 10.93% | 91.78% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ALSIX % Rank | |
|---|---|---|---|---|
| Non US | 88.14% | -3.09% | 88.14% | 0.58% |
| US | 7.94% | 0.00% | 102.29% | 80.92% |
ALSIX - Expenses
Operational Fees
| ALSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.86% | 0.44% | 8.51% | 61.93% |
| Management Fee | 0.53% | 0.00% | 2.50% | 7.39% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.03% | 1.54% | 52.38% |
Sales Fees
| ALSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| ALSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 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.
| ALSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 159.00% | 0.00% | 479.00% | 52.52% |
ALSIX - Distributions
Dividend Yield Analysis
| ALSIX | Category Low | Category High | ALSIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 3.59% | 73.71% |
Dividend Distribution Analysis
| ALSIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Annual | Annual |
Net Income Ratio Analysis
| ALSIX | Category Low | Category High | ALSIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.46% | -3.33% | 2.16% | 38.51% |
Capital Gain Distribution Analysis
| ALSIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2022 | $0.347 | OrdinaryDividend |
| Dec 16, 2019 | $1.081 | OrdinaryDividend |
ALSIX - Fund Manager Analysis
Managers
Jeffrey Hoskins
Start Date
Tenure
Tenure Rank
Aug 16, 2021
0.79
0.8%
Mr. Hoskins serves as an associate portfolio manager for River Road’s International Value Equity and International Value Equity ADR Portfolios. In this capacity, he continues to maintain select analyst responsibilities and serve as analyst support for other firm strategies. Additionally, he serves as Senior ESG Specialist, leading the firm’s ESG research and principles implementation efforts. Prior to joining River Road in 2013, he worked at BMO Capital Markets where his research covered the Media/Entertainment and Gaming industries. Mr. Hoskins has more than 20 years of investment research experience, which includes various positions at The Seidler Cos. Inc. and SunTrust Equitable Securities.
Wenjun (William) Yang
Start Date
Tenure
Tenure Rank
Aug 16, 2021
0.79
0.8%
Mr. Yang serves as a portfolio manager for River Road’s International Value Equity and International Value Equity ADR Portfolios. Prior to joining River Road in 2016, he served as Senior Portfolio Manager at Boston Private Wealth LLC. Additionally, he served as Manager of the investment banking division and Equity Research Analyst in the securities research division at Shenyin & Wanguo Securities Co. Ltd.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 23.55 | 5.97 | 7.93 |