ARDEX Fees and Costs — AMG River Road Dividend All Cap Value Fund, Class N
Data updated: 2026-09-25
The net expense ratio is 0.97%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.36% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $24K in broker commissions, 0.0328% of average net assets, and portfolio turnover was 38%.
ARDEX Fees and Expenses
Annual operating expenses and sales charges of ARDEX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.97% |
| 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 |
ARDEX Costs Over Time
On $10,000 invested in ARDEX, assuming 5% a year before costs, total costs come to $627 over 5 years, cutting the return by 1.05% 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 0.97%) | $102 | $318 | $551 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $105 | $345 | $627 |
| Value after costs | $10,395 | $11,231 | $12,136 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
ARDEX 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): 0.0328%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $3.4M
- Net income from securities lending: $7K (0.010% of average net assets)
ARDEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $9K | 36.07% |
| GOLDMAN SACHS & CO. LLC | $5K | 20.94% |
| PERSHING LLC | $4K | 14.78% |
| JEFFERIES LLC | $3K | 12.63% |
| Raymond James & Associates, Inc. | $1K | 4.27% |
| SG AMERICAS SECURITIES LLC | $987 | 4.13% |
| Merrill Lynch Pierce Fenner & Smith Inc | $849 | 3.55% |
| CANTOR FITZGERALD & CO. | $591 | 2.47% |
| JP MORGAN SECURITIES LLC | $204 | 0.85% |
| NATIONAL FINANCIAL SERVICES LLC | $73 | 0.31% |
AMG River Road Dividend All Cap 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 |
|---|---|---|---|
| ARZDX | Class Z | 0.68% | — |
| ARIDX | Class I | 0.72% | — |
| ARDEX | Class N | 0.97% | — |
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.