Download AMG River Road Focused Absolute Value Fund1

Q1
2017
FACT SHEET
Class N | ARRFX
AMG River Road Focused Absolute Value Fund
1
ASSET CLASS | ALL CAP
Class I | AFAVX
Fund highlights
uu
Seeks to provide long-term capital appreciation
uu
A concentrated, all-cap investment strategy that focuses on a limited number of
securities representing the subadviser’s “best ideas” across their core strategies
uu
Relies on a fundamentals-driven Absolute Value® investment philosophy
Headquarters: Louisville, KY
Founded: 2005
Specialization: Absolute value approach
Portfolio Managers
Average annual returns (%)2 (as of 03/31/17)
R. Andrew Beck
Thomas S. Forsha
Style
All Cap
V
C
ARRFX (Class N)
AFAVX (Class I)
Benchmark
G
L
M
S
Expense Ratios (gross/net): Class N 1.95% / 1.00%, Class I 1.70% / 0.75%
Inception
QTD
YTD
1 Yr
3 Yr
5 Yr
Since Incpt
11/03/15
11/03/15
—
2.63
2.81
2.99
2.63
2.81
2.99
21.36
21.69
19.97
—
—
8.58
—
—
13.08
14.87
15.17
12.47
Top ten holdings (%)4
Calendar year performance (%)3
Benchmark
Holding
30
25
20
15
10
5
0
Russell 3000® Value Index
Berkshire Hathaway Inc, Class B
Premier Inc, Class A
Liberty Ventures
CVS Health Corp
FNFV Group
Liberty Media Corp-Liberty SiriusXM
Comcast Corp, Class A
National Fuel Gas Co
General Motors Co
DaVita HealthCare Partners Inc
TOTAL %
2016
26.17
18.40
¢ AFAVX (Class I)
¢ Benchmark
% of Net Assets
6.80
6.27
5.40
4.46
4.27
4.20
4.09
4.09
4.02
3.95
47.55
Sector weightings (%)5
AMG Funds provides access to premier
asset managers through a unique
partnership where the investment
managers are truly independent. We
are not beholden to a single investment
approach or a single manager in delivering
quality investment solutions. This
innovative approach leverages each
manager’s specific expertise to deliver
products that cover the complete asset
class spectrum. Delivering the talents of
all of these portfolio managers under a
consolidated platform allows AMG Funds
to offer unmatched access to specialized
investment expertise.
Sector
Fund
Benchmark
Consumer Discretionary
Financials
Health Care
Information Technology
Consumer Staples
Real Estate
Utilities
Materials
Industrials
Energy
Telecommunication Services
Cash & Other
30.27
22.38
13.38
9.31
7.89
6.43
4.09
2.84
2.73
0.00
0.00
0.68
4.91
26.96
10.40
10.03
7.95
5.06
6.24
3.07
10.36
11.64
3.36
0.00
Prior to October 1, 2016, the Fund was known as ASTON/River Road Focused Absolute Value Fund.
Returns for periods greater than one year are annualized.
3
Performance is shown for the class of shares with the longest track record. If there are multiple share classes with the same inception date then performance
represents the share class with the lowest expense ratio. In these cases, the performance of share classes with higher expenses would result in lower
performance than that shown.
4
Mention of a specific security should not be considered a recommendation to buy or a solicitation to sell that security. Holdings are subject to change.
5
Weights may not equal 100% due to rounding.
1
2
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 or visit our website at
www.amgfunds.com.
Q1 | 2017 | AMG River Road Focused Absolute Value Fund
ASSET CLASS | ALL CAP
Fund facts
Share Class
Ticker
Class N
Class I
ARRFX
AFAVX
Expense Ratio
(Gross/Net)
1.95% / 1.00%1
1.70% / 0.75%1
Minimum Initial
Investment
$2,000
$100,000
12b–1
Fees
0.25%
—
Characteristics2
Fund
Benchmark
1
Net Assets (Mil.$)
# Holdings
19.80
—
28
2,044
The Fund's investment manager has contractually agreed, through at least February 28, 2018,
to limit Fund operating expenses. The net expense ratio reflects this limitation, while the gross
expense ratio does not. Please refer to the Fund's prospectus for additional information on the
Fund's expenses.
Investors should carefully consider the Fund’s investment objectives, risks, charges
and expenses before investing. For this and other information, please call 800.835.3879
or visit www.amgfunds.com for a free Prospectus. Read it carefully before investing or
sending money.
Definitions
Earnings Per Share (EPS): Earnings Per Share (EPS) is a company’s profits per share of common stock.
Price/earnings Ratio (P/E): Price/earnings (or P/E) ratio is a comparison of the company's closing stock price and its
trailing 12-month earnings per share.
The Fund is subject to risks associated with investments in small-capitalization companies, such as erratic earnings
patterns, competitive conditions, limited earnings history and a reliance on one or a limited number of products.
The Fund is subject to risks associated with investments in mid-capitalization companies such as greater price volatility,
lower trading volume, and less liquidity than the stocks of larger, more established companies.
Active and frequent trading of a fund may result in higher transaction costs and increased tax liability.
www.amgfunds.com
Weighted
Avg. Market Cap (Mil.$)
61,333
111,538
Weighted
Avg. P/E3
9.62
18.54
Trailing 5-Yr EPS
Growth (%)4,5
12.76
4.02
Characteristics derived from FactSet.
Weighted harmonic average.
4
Weighted average.
5
Annualized.
2
3
A greater percentage of the Fund’s holdings may be focused in a smaller number of securities which may place the Fund
at greater risk than a more diversified fund.
Investments in international securities are subject to certain risks of overseas investing including currency fluctuations
and changes in political and economic conditions, which could result in significant market fluctuations. These risks are
magnified in emerging markets.
The Fund is subject to special risk considerations similar to those associated with the direct ownership of real estate.
Real estate valuations may be subject to factors such as changing general and local economic, financial, competitive,
and environmental conditions.
The Fund invests in value stocks, which may perform differently from the market as a whole and may be undervalued by
the market for a long period of time.
The Russell 3000® Value Index measures the performance of the broad value segment of the U.S. equity universe. It
includes those Russell 3,000 companies with lower price-to-book ratios and lower forecasted growth values.
Unlike the Fund, the Russell 3000® Value Index is unmanaged, is not available for investment and does not incur expenses.
AMG Funds are distributed by AMG Distributors, Inc., a member of FINRA/SIPC.
Not FDIC Insured | May Lose Value | Not Bank Guaranteed
linkedin.com/company/amg-funds
©2017 AMG Funds LLC. All rights reserved.
033117
FS178