AMG River Road Small-Mid Cap Value Fund - Class N

Frequently Asked Questions About ARSMX

What does ARSMX invest in?

The fund commits at least 80% of its total assets, including any funds borrowed for investment purposes, to acquiring equity securities of small and medium-sized enterprises that the subadviser considers undervalued. For the purposes of this investment, small and mid-capitalization companies are defined by the subadviser as those whose market values, at the time of purchase, fall within the typical range of companies included in the Russell 2500™ Index. The investment approach of value investing, as employed by the subadviser, involves purchasing stocks believed to be out of favor or priced below their intrinsic worth compared to their industry peers or their future growth prospects.

What is the expense ratio of ARSMX?

AMG River Road Small-Mid Cap Value Fund - Class N (ARSMX) charges an expense ratio of 1.28%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ARSMX?

AMG River Road Small-Mid Cap Value Fund - Class N (ARSMX) manages $324.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ARSMX actively managed or an index fund?

ARSMX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (ARSMX's is 1.28%) because there's no security selection cost.

When was ARSMX launched?

AMG River Road Small-Mid Cap Value Fund - Class N (ARSMX) launched in March 2007 and is managed by AMG.

How has ARSMX performed?

ARSMX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.