Fund Overview
Fund Overview
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NAV | as of 07/01/2024
$15.45
-$0.09 (-0.58%)
Morningstar | Style Box
Morningstar Rating
Rated against 449 Small Value funds as of 05/31/2024 View Morningstar Details
Morningstar Medalist Rating
as of 03/13/2024
Analyst-Driven:100% | Data Coverage:100%
Growth of $10,000 (Hypothetical)
Since Inception 12/13/2006 to 05/31/2024 = $33,875.69
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SEE ALL PERFORMANCE
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 800.548.4539. 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.
Read Important Investment Disclosures
Objective
Seeks to provide long-term capital appreciation by investing in a portfolio of primarily small- but also can invest in mid-capitalization equity securities.
Why Consider
- May be appropriate for investors looking to gain exposure to U.S. small 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
River Road Small Cap Value Fund has an Equity Income Objective, seeking to achieve income and capital appreciation.
Equity Objective
River Road Small Cap Value Fund is categorized as Small-Value. It invests in small-cap companies with low risk.
Risk-adjusted returns as of 05/31/2024
Overall Rating | (of 449) |
---|---|
3 Years | (of 449) |
5 Years | (of 419) |
10 Years | (of 329) |
Category | Small Value |
Read Important Investment Disclosures
R. Andrew Beck
CHIEF EXECUTIVE OFFICER, SENIOR PORTFOLIO MANAGER
Andrew is a co-founder of River Road and is responsible for formulating and driving the firm’s overall business strategy as Chief Executive Officer. He is also directly engaged with several key strategies, serving as Senior Portfolio manager for River Road’s Small Cap Value and Small-Mid Cap Value strategies, a portfolio manager for the Mid Cap Value Portfolio, and a supervising portfolio manager for the Focused Absolute Value® portfolios. Andrew earned his BS in Finance at the University of Louisville and MBA at Babson College, and served as Senior Research Analyst, Senior Vice President, and Portfolio Manager and SMC Capital Inc. He has been with River Road since its inception in 2005 and holds equity in the firm.
J. Justin Akin
VICE PRESIDENT, SENIOR PORTFOLIO MANAGER
As Senior Portfolio Manager for River Road’s Small Cap Value and Small-Mid Cap Value portfolios, Justin focuses on long-term value opportunities, building on his experience as senior equity analyst for the firm and as an equity analyst for SMC Capital. He earned a BS in Economics at Centre College and is a member of the CFA Institute. Justin joined River Road in 2005 and holds equity in the firm.
Todd Mayberry, CFA
ASSOCIATE PORTFOLIO MANAGER
Todd serves as Associate Portfolio Manager for River Road’s Small Cap Value and Small-Mid Cap Value portfolios while also providing analytic support for other strategies at the firm. Todd previously served as a Senior Equity Research Analyst for River Road and as a Senior Associate in Corporate Banking at PNC Bank. He holds a BBA in Finance from the University of Cincinnati, and is a CFA® charter holder as well as a member of the CFA Institute. He joined River Road in 2014 and holds equity in the firm.
Performance
Performance
Read Important Investment DisclosuresReturns
Trailing Returns
- Trailing Returns
- Monthly
- Quarterly
- Calendar Year 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 800.548.4539. 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 shorter than one year are not annualized.
Expense Ratios
- Gross Expense Ratio: 1.10%
- Net Expense Ratio: 1.10%
- Expense Cap Expiration Date: N/A
Distributions & Pricing
Distributions
- Distributions
- Chart
- List
- Historical Pricing
Calendar Year Distributions
Ex-Date | Total Distribution | Income | Short-term Cap Gains | Long-term Cap Gains |
---|---|---|---|---|
Dec 14, 2023 | $0.709100 | $0.006800 | $0.040700 | $0.661600 |
Dec 15, 2022 | $0.520100 | — | — | $0.520100 |
Dec 15, 2021 | $1.155200 | — | $0.464500 | $0.690700 |
Dec 16, 2020 | $0.000700 | $0.000700 | — | — |
Dec 16, 2019 | $0.796600 | $0.007200 | $0.345100 | $0.444300 |
Dec 27, 2018 | $1.398800 | $0.009700 | $0.277800 | $1.111300 |
Dec 27, 2017 | $1.948900 | $0.006000 | $0.390400 | $1.552500 |
Dec 27, 2016 | $0.670600 | — | $0.403800 | $0.266800 |
Dec 30, 2015 | $0.718700 | — | $0.072400 | $0.646300 |
Dec 30, 2014 | $1.986500 | — | $0.447600 | $1.538900 |
Dec 30, 2013 | $3.658500 | $0.078200 | $0.500000 | $3.080300 |
Dec 28, 2012 | $0.693700 | $0.260400 | — | $0.433300 |
Dec 29, 2010 | $0.064900 | $0.064900 | — | — |
Dec 29, 2009 | $0.031000 | $0.031000 | — | — |
Dec 29, 2008 | $0.033200 | $0.033200 | — | — |
Dec 14, 2007 | $0.544300 | $0.008200 | $0.474500 | $0.061600 |
Sep 14, 2007 | $0.016100 | $0.016100 | — | — |
Jun 15, 2007 | $0.028900 | $0.028900 | — | — |
Mar 16, 2007 | $0.012500 | $0.012500 | — | — |
Dec 15, 2006 | $0.157600 | $0.031500 | $0.123400 | $0.002700 |
From:
To:
Risk & Return Statistics
As of: 05/31/2024
3YR | 5YR | 10YR | |
---|---|---|---|
Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. | 5.06 | 2.46 | 3.52 |
Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. | 16.33 | 20.08 | 16.80 |
Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. | 0.14 | 0.38 | 0.46 |
Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. | 70.52 | 62.94 | 54.12 |
Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. | 73.46 | 84.95 | 88.96 |
Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. | 0.71 | 0.78 | 0.77 |
R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. | 88.33 | 91.63 | 90.29 |
Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. | 8.38 | 7.92 | 7.15 |
All Characteristics & Statistics
River Road Small Cap Value Fund(ARSIX)
- Portfolio Characteristics (Equity)
- Risk & Return
- Market Cap
- Valuation Characteristics
- Growth Characteristics
Fund Holdings | Fund | Russell 2000® Value Index |
---|---|---|
Fund Assets (Mil.$) | $1,069 | |
Number of Holdings | 60 | 1,418 |
Weighted Avg. Market Cap (Mil.$) | $4,020 | $3,040 |
Median Market Cap (Mil.$) | $2,653 | $843 |
Weighted Avg. P/E (1-yr Forward EPS) | 14.14 | 13.03 |
Weighted Avg. P/E (Trailing EPS) | 16.78 | 13.32 |
PEG Ratio | 1.54 | 1.20 |
Weighted Avg. P/B | 1.63 | 1.36 |
EPS Growth (Trailing 3-yr %) | 2.38% | 11.05% |
EPS Growth (Trailing 5-yr %) | 7.05% | 9.76% |
Forward EPS Growth (1-yr %) | -0.61% | -4.09% |
Forward EPS Growth (Long Term %) | 9.37% | 7.27% |
Revenue Growth (Trailing 5-yr %) | 7.69% | 8.38% |
Return on Equity | 16.95% | 5.58% |
Weighted Avg. Dividend Yield | 1.02% | 2.12% |
Debt to Equity | 91.68 | 73.74 |
Trailing 12-Months Portfolio Turnover | 32.51% |
As of: 03/31/2024
Risk & Return | 3 Years | 5 Years | 10 Years |
---|---|---|---|
Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. | 5.06 | 2.46 | 3.52 |
Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. | 16.33 | 20.08 | 16.80 |
Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. | 0.14 | 0.38 | 0.46 |
Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. | 70.52 | 62.94 | 54.12 |
Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. | 73.46 | 84.95 | 88.96 |
Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. | 0.71 | 0.78 | 0.77 |
R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. | 88.33 | 91.63 | 90.29 |
Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. | 8.38 | 7.92 | 7.15 |
Information Ratio Information Ratio s a ratio of portfolio returns above the returns of a benchmark (usually an index) to the volatility of those returns. The information ratio (IR) measures a portfolio manager's ability to generate excess returns relative to a benchmark, but also attempts to identify the consistency of the investor. This ratio will identify if a manager has beaten the benchmark by a lot in a few months or a little every month. The higher the IR, the more consistent a manager is, and consistency is an ideal trait. | 0.65 | 0.13 | 0.33 |
Treynor Ratio (%) Treynor Ratio (%) , which was developed by Jack Treynor, measures reward per unit of beta risk. It measures returns earned in excess of that which could have been earned on a less risk investment per each unit of market risk. The Treynor Ratio relates the difference between the portfolio return and the risk-free rate to the portfolio beta for a given time period. | 3.18 | 9.76 | 10.06 |
Max Drawdown Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown is an indicator of downside risk over a specified time period. | -14.37 | -32.74 | -32.74 |
As of: 05/31/2024
Market Cap | Fund | Russell 2000® Value Index |
---|---|---|
Market Cap ($mm) 0 - 1,000 | 10.87% | 17.89% |
Market Cap ($mm) 1,000 - 1,500 | 5.64% | 9.95% |
Market Cap ($mm) 1,500 - 2,500 | 17.46% | 20.98% |
Market Cap ($mm) 2,500 - 5,000 | 29.75% | 35.81% |
Market Cap ($mm) 5,000 - 10,000 | 32.22% | 14.56% |
Market Cap ($mm) 10,000 - 25,000 | 4.06% | 0.58% |
Market Cap ($mm) 25,000 - 50,000 | 0.00% | 0.00% |
Market Cap ($mm) 50,000 - 100,000 | 0.00% | 0.00% |
Market Cap ($mm) 100,000 - 200,000 | 0.00% | 0.00% |
Market Cap ($mm) 200,000 - | 0.00% | 0.00% |
Market Cap – NA | 0.00% | 0.23% |
As of: 03/31/2024
Valuation Characteristics | Fund | Russell 2000® Value Index |
---|---|---|
P/E 0-10 | 16.25% | 20.51% |
P/E 10-15 | 12.03% | 19.22% |
P/E 15-20 | 25.64% | 10.52% |
P/E 20-25 | 2.99% | 6.66% |
P/E 25-Above | 35.06% | 22.24% |
P/E – NA | 8.03% | 20.85% |
As of: 03/31/2024
Growth Characteristics | Fund | Russell 2000® Value Index |
---|---|---|
EPS Growth (Trailing 3-yr %) - Negative | 41.57% | 21.37% |
EPS Growth (Trailing 3-yr %) 0 - 5 | 1.96% | 6.42% |
EPS Growth (Trailing 3-yr %) 5 - 10 | 14.78% | 5.51% |
EPS Growth (Trailing 3-yr %) 10 - 15 | 1.29% | 3.89% |
EPS Growth (Trailing 3-yr %) 15 - 20 | 2.22% | 4.47% |
EPS Growth (Trailing 3-yr %) Above 20 | 21.44% | 28.64% |
EPS Growth (Trailing 3-yr %) - NA | 16.74% | 29.69% |
As of: 03/31/2024
Read Important Investment Disclosures
Portfolio & Holdings
Portfolio & Holdings
Top Holdings (Equity)
As of: 03/31/2024
White Mountains Insurance Group Ltd | 4.21% |
Atkore Inc | 4.13% |
BJ's Wholesale Club Holdings Inc | 3.69% |
McGrath RentCorp | 3.24% |
UniFirst Corp | 2.73% |
CoreCivic Inc | 2.64% |
Murphy USA Inc | 2.63% |
GEO Group Inc | 2.58% |
Cannae Holdings Inc | 2.29% |
SM Energy Co | 2.27% |
% in Top 10 Holdings | 30.40% |
View Holding Details
Holding Details
River Road Small Cap Value Fund(ARSIX)
- Top 10 Holdings (Equity)
- All Holdings
- 10 Best Performing Stocks
- 10 Worst Performing Stocks
Fund Holdings | 03/31/2024 |
---|---|
White Mountains Insurance Group Ltd | 4.21% |
Atkore Inc | 4.13% |
BJ's Wholesale Club Holdings Inc | 3.69% |
McGrath RentCorp | 3.24% |
UniFirst Corp | 2.73% |
CoreCivic Inc | 2.64% |
Murphy USA Inc | 2.63% |
GEO Group Inc | 2.58% |
Cannae Holdings Inc | 2.29% |
SM Energy Co | 2.27% |
% in Top 10 Holdings | 30.40% |
As of: 03/31/2024
As of: 05/31/2024
Ticker | Name | Sector | Asset Class | Country | Currency | Price ($) | Market Value ($) | % of Fund | |
---|---|---|---|---|---|---|---|---|---|
WTM | White Mountains Insurance Group Ltd | Financials | S | US | USD | 25,051 | 1,807.00 | $45,267,157 | 4.35% |
BJ | BJ's Wholesale Club Holdings Inc | Consumer Staples | S | US | USD | 452,798 | 88.07 | $39,877,920 | 3.83% |
ATKR | Atkore Inc | Industrials | S | US | USD | 204,562 | 152.15 | $31,124,108 | 2.99% |
MGRC | McGrath RentCorp | Industrials | S | US | USD | 280,395 | 108.98 | $30,557,447 | 2.94% |
MUSA | Murphy USA Inc | Consumer Discretionary | S | US | USD | 67,057 | 438.75 | $29,421,259 | 2.83% |
CXW | CoreCivic Inc | Industrials | S | US | USD | 1,804,725 | 16.05 | $28,965,836 | 2.79% |
TLNE | Talen Energy Corp | Utilities | S | US | USD | 247,284 | 115.15 | $28,474,753 | 2.74% |
UNF | UniFirst Corp | Industrials | S | US | USD | 174,205 | 158.60 | $27,628,913 | 2.66% |
AXS | Axis Capital Holdings Ltd | Financials | S | BM | USD | 367,279 | 73.88 | $27,134,573 | 2.61% |
GEO | GEO Group Inc | Industrials | S | US | USD | 1,787,199 | 14.54 | $25,985,873 | 2.50% |
SM | SM Energy Co | Energy | S | US | USD | 486,660 | 50.43 | $24,542,264 | 2.36% |
GNW | Genworth Financial Inc, Class A | Financials | S | US | USD | 3,666,474 | 6.29 | $23,062,121 | 2.22% |
ACIW | ACI Worldwide Inc, Class A | Information Technology | S | US | USD | 614,022 | 36.01 | $22,110,932 | 2.13% |
SUM | Summit Materials Inc, Class A | Materials | S | US | USD | 536,827 | 38.64 | $20,742,995 | 1.99% |
CNNE | Cannae Holdings Inc | Financials | S | US | USD | 1,101,649 | 18.18 | $20,027,979 | 1.93% |
NWE | Northwestern Energy Group Inc | Utilities | S | US | USD | 369,199 | 51.96 | $19,183,580 | 1.84% |
DK | Delek US Holdings Inc | Energy | S | US | USD | 711,686 | 25.46 | $18,119,526 | 1.74% |
SWX | Southwest Gas Holdings Inc | Utilities | S | US | USD | 232,845 | 77.59 | $18,066,444 | 1.74% |
IMKTA | Ingles Markets Inc, Class A | Consumer Staples | S | US | USD | 246,339 | 73.14 | $18,017,234 | 1.73% |
ATSG | Air Transport Services Group Inc | Industrials | S | US | USD | 1,301,529 | 13.50 | $17,570,642 | 1.69% |
AAP | Advance Auto Parts Inc | Consumer Discretionary | S | US | USD | 247,047 | 70.64 | $17,451,400 | 1.68% |
AWI | Armstrong World Industries Inc | Industrials | S | US | USD | 147,428 | 115.80 | $17,072,162 | 1.64% |
VVI | Viad Corp | Industrials | S | US | USD | 486,994 | 34.95 | $17,020,440 | 1.64% |
MDU | MDU Resources Group Inc | Industrials | S | US | USD | 666,123 | 25.24 | $16,812,945 | 1.62% |
PNM | PNM Resources Inc | Utilities | S | US | USD | 428,472 | 38.34 | $16,427,616 | 1.58% |
KAR | OPENLANE Inc | Industrials | S | US | USD | 930,013 | 17.25 | $16,042,724 | 1.54% |
EVTC | EVERTEC Inc | Financials | S | PR | USD | 453,766 | 34.97 | $15,868,197 | 1.53% |
PX | P10 Inc, Class A | Financials | S | US | USD | 1,961,794 | 8.08 | $15,851,296 | 1.52% |
NOMD | Nomad Foods Ltd | Consumer Staples | S | GB | USD | 877,290 | 17.56 | $15,405,212 | 1.48% |
VNT | Vontier Corp | Information Technology | S | US | USD | 380,722 | 39.98 | $15,221,266 | 1.46% |
ALIT | Alight Inc, Class A | Industrials | S | US | USD | 1,954,068 | 7.75 | $15,144,027 | 1.46% |
AGX | Argan Inc | Industrials | S | US | USD | 199,707 | 70.63 | $14,105,305 | 1.36% |
PLUS | ePlus Inc | Information Technology | S | US | USD | 185,329 | 74.84 | $13,870,022 | 1.33% |
TRS | Trimas Corp | Materials | S | US | USD | 471,679 | 26.62 | $12,556,095 | 1.21% |
TRIP | TripAdvisor Inc | Communication Services | S | US | USD | 628,650 | 18.35 | $11,535,728 | 1.11% |
EMBC | Embecta Corp | Health Care | S | US | USD | 918,586 | 12.37 | $11,362,909 | 1.09% |
PDCO | Patterson Cos Inc | Health Care | S | US | USD | 432,976 | 24.59 | $10,646,880 | 1.02% |
PKE | Park Aerospace Corp | Industrials | S | US | USD | 756,768 | 13.94 | $10,549,346 | 1.01% |
NAPA | Duckhorn Portfolio Inc | Consumer Staples | S | US | USD | 1,272,731 | 8.07 | $10,270,939 | 0.99% |
PZZA | Papa John's International Inc | Consumer Discretionary | S | US | USD | 219,903 | 46.46 | $10,216,693 | 0.98% |
ABG | Asbury Automotive Group Inc | Consumer Discretionary | S | US | USD | 43,280 | 235.07 | $10,173,830 | 0.98% |
NVST | Envista Holdings Corp | Health Care | S | US | USD | 524,141 | 19.36 | $10,147,370 | 0.98% |
RDN | Radian Group Inc | Financials | S | US | USD | 323,540 | 31.24 | $10,107,390 | 0.97% |
NMIH | NMI Holdings Inc, Class A | Financials | S | US | USD | 301,888 | 33.18 | $10,016,644 | 0.96% |
YELP | Yelp Inc, Class A | Communication Services | S | US | USD | 268,747 | 36.97 | $9,935,577 | 0.96% |
HCC | Warrior Met Coal Inc | Materials | S | US | USD | 134,128 | 68.43 | $9,178,379 | 0.88% |
MSM | MSC Industrial Direct Co Inc, Class A | Industrials | S | US | USD | 106,839 | 85.90 | $9,177,470 | 0.88% |
VYX | NCR Voyix Corp | Information Technology | S | US | USD | 695,507 | 13.18 | $9,166,782 | 0.88% |
KELYA | Kelly Services Inc, Class A | Industrials | S | US | USD | 408,778 | 21.74 | $8,886,834 | 0.85% |
RPAY | Repay Holdings Corp, Class A | Financials | S | US | USD | 851,219 | 9.74 | $8,290,873 | 0.80% |
DNOW | DNOW Inc | Industrials | S | US | USD | 528,867 | 14.59 | $7,716,170 | 0.74% |
BRC | Brady Corp, Class A | Industrials | S | US | USD | 95,010 | 68.27 | $6,486,333 | 0.62% |
ITRN | Ituran Location and Control Ltd | Information Technology | S | IL | USD | 230,417 | 27.69 | $6,380,247 | 0.61% |
NATL | NCR Atleos Corp | Financials | S | US | USD | 225,180 | 27.83 | $6,266,759 | 0.60% |
WKC | World Kinect Corp | Energy | S | US | USD | 181,022 | 26.34 | $4,768,119 | 0.46% |
NMRK | Newmark Group Inc, Class A | Real Estate | S | US | USD | 457,022 | 10.41 | $4,757,599 | 0.46% |
EPM | Evolution Petroleum Corp | Energy | S | US | USD | 803,826 | 5.75 | $4,622,000 | 0.44% |
LGIH | LGI Homes Inc | Consumer Discretionary | S | US | USD | 39,111 | 96.00 | $3,754,656 | 0.36% |
Cash & Equivalents | Cash | C | US | USD | - | - | $100,893,187 | 9.70% |
Fund Holdings | Sort order | Avg. Weight | Total Return |
---|---|---|---|
White Mountains Insurance Group Ltd | 1 | 4.21% | 19.29% |
Atkore Inc | 2 | 3.70% | 19.14% |
GEO Group Inc | 3 | 2.32% | 30.38% |
Talen Energy Corp | 4 | 1.34% | 47.42% |
Vontier Corp | 5 | 1.95% | 31.34% |
Permian Resources Corp, Class A | 6 | 2.04% | 30.70% |
Advance Auto Parts Inc | 7 | 1.45% | 39.81% |
SM Energy Co | 8 | 1.99% | 29.20% |
TripAdvisor Inc | 9 | 1.82% | 29.08% |
Armstrong World Industries Inc | 10 | 1.99% | 26.55% |
As of: 03/31/2024
The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter.
Fund Holdings | Sort order | Avg. Weight | Total Return |
---|---|---|---|
Air Transport Services Group Inc | 20 | 2.08% | -21.86% |
Embecta Corp | 19 | 1.28% | -29.39% |
NCR Voyix Corp | 18 | 0.96% | -25.31% |
Forward Air Corporation | 17 | 0.27% | -51.87% |
Ingles Markets Inc, Class A | 16 | 1.65% | -11.10% |
Cable One Inc | 15 | 0.73% | -23.65% |
Yelp Inc, Class A | 14 | 1.18% | -16.77% |
UniFirst Corp | 13 | 2.86% | -5.05% |
Envista Holdings Corp | 12 | 1.23% | -11.14% |
NCR Atleos Corp | 11 | 0.67% | -18.69% |
As of: 03/31/2024
The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter.
Read Important Investment Disclosures
Read Important Investment Disclosures
Sector Allocation (Equity)
As of: 03/31/2024
View Allocation Details
Allocation Details
River Road Small Cap Value Fund(ARSIX)
- Sector Allocation (Equity)
- Investment Allocation
- Top 10 Industries
Sector | Sort Order | Fund | Russell 2000® Value Index |
---|---|---|---|
Industrials | 30.82% | 14.86% | |
Financials | 16.95% | 25.77% | |
Cash & Other | 8.98% | 0.00% | |
Information Technology | 7.03% | 5.91% | |
Utilities | 6.84% | 3.73% | |
Consumer Staples | 6.59% | 2.24% | |
Energy | 6.45% | 10.10% | |
Consumer Discretionary | 5.23% | 11.03% | |
Materials | 4.02% | 4.99% | |
Communication Services | 3.32% | 2.34% | |
Health Care | 3.28% | 9.34% | |
Real Estate | 0.47% | 9.69% |
As of: 03/31/2024
Investment Allocation | 03/31/2024 |
---|---|
Stocks | 91.02% |
Bonds | 0.00% |
Cash and Other | 8.98% |
As of: 03/31/2024
Industry | Fund | Russell 2000® Value Index |
---|---|---|
Commercial Services & Supplies | 11.27% | 1.80% |
Insurance | 8.62% | 2.55% |
Financial Services | 7.34% | 3.44% |
Oil, Gas & Consumable Fuels | 6.45% | 7.92% |
Specialty Retail | 5.23% | 3.53% |
Trading Companies & Distributors | 5.19% | 2.13% |
Consumer Staples Distribution & Retail | 5.17% | 0.49% |
Electrical Equipment | 4.13% | 0.63% |
Electronic Equipment, Instruments & Components | 3.69% | 2.13% |
Interactive Media & Services | 2.87% | 0.39% |
% in Top 10 Industries | 59.96% | 25.01% |
As of: 03/31/2024
Read Important Investment Disclosures
About the Affiliate
About River Road Asset Management
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 About River Road Asset Management's Approach
FOUNDED
2005
AMG AFFILIATE SINCE
2014
HEADQUARTERS
Louisville, KY
Portfolio Managers
R. Andrew Beck
CHIEF EXECUTIVE OFFICER, SENIOR PORTFOLIO MANAGER
Read full bio
J. Justin Akin
VICE PRESIDENT, SENIOR PORTFOLIO MANAGER
Read full bio
Todd Mayberry, CFA
ASSOCIATE PORTFOLIO MANAGER
Read full bio
Investment Approach
Investment Approach
River Road Small Cap Value Fund
Under normal conditions, the Fund invests at least 80% of its assets in small-cap equities deemed out of favor and/or undervalued relative to a company’s prospects for growth or relative to its peers. Target companies will typically have market capitalizations below $4B at the time of purchase; however, the Fund may also invest in mid cap stocks based on the 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
Related products
Other Products From River Road Asset Management
ARDEX
River Road Dividend All Cap Value Fund
View Fund DetailsARRFX
River Road Focused Absolute Value Fund
View Fund DetailsFQUAX
River Road Large Cap Value Select Fund
View Fund DetailsCHTTX
River Road Mid Cap Value Fund
View Fund DetailsARSMX
River Road Small-Mid Cap Value Fund
View Fund DetailsStay up-to-date
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