AFAVX Fees and Costs — AMG River Road Focused Absolute Value Fund, Class I
Data updated: 2026-09-25
The net expense ratio is 0.82%: a 0.60% management fee plus 0.41% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $34K in broker commissions, 0.0669% of average net assets, and portfolio turnover was 92%.
AFAVX Fees and Expenses
Annual operating expenses and sales charges of AFAVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.82% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AFAVX Costs Over Time
On $10,000 invested in AFAVX, assuming 5% a year before costs, total costs come to $556 over 5 years, cutting the return by 0.93% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.82%) | $86 | $269 | $467 |
| Trading costs (broker commissions) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $305 | $556 |
| Value after costs | $10,407 | $11,271 | $12,207 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
AFAVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0669%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 92%
- Securities on loan, average value: $4.1M
- Net income from securities lending: $9K (0.019% of average net assets)
AFAVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $14K | 41.63% |
| CANTOR FITZGERALD & CO. | $7K | 21.65% |
| INSTINET, LLC | $4K | 10.53% |
| PERSHING LLC | $3K | 10.22% |
| Raymond James & Associates, Inc. | $2K | 5.27% |
| Merrill Lynch Pierce Fenner & Smith Inc | $1K | 4.29% |
| JP MORGAN SECURITIES LLC | $815 | 2.42% |
| JEFFERIES LLC | $592 | 1.76% |
| NATIONAL FINANCIAL SERVICES LLC | $540 | 1.61% |
| ROBERT W. BAIRD & CO. INC. | $211 | 0.63% |
AMG River Road Focused Absolute Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ARRZX | Class Z | 0.78% | — |
| AFAVX | Class I | 0.82% | — |
| ARRFX | Class N | 1.06% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.