ARSZX Fees and Costs — AMG River Road Small-Mid Cap Value Fund, Class Z
Data updated: 2026-09-25
The net expense ratio is 0.97%: a 0.75% management fee plus 0.22% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $127K in broker commissions, 0.0379% of average net assets, and portfolio turnover was 36%.
ARSZX Fees and Expenses
Annual operating expenses and sales charges of ARSZX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| 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 | No |
| Waived fees subject to recoupment | No |
ARSZX Costs Over Time
On $10,000 invested in ARSZX, assuming 5% a year before costs, total costs come to $630 over 5 years, cutting the return by 1.06% 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) | $4 | $12 | $22 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $347 | $630 |
| Value after costs | $10,394 | $11,230 | $12,132 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
ARSZX 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): 0.0379%
- Total broker commissions: $127K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $24.2M
- Net income from securities lending: $61K (0.018% of average net assets)
ARSZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $26K | 21.39% |
| INSTINET, LLC | $20K | 16.91% |
| Merrill Lynch Pierce Fenner & Smith Inc | $17K | 14.47% |
| CANTOR FITZGERALD & CO. | $17K | 14.37% |
| PERSHING LLC | $15K | 12.77% |
| Raymond James & Associates, Inc. | $5K | 4.52% |
| SG AMERICAS SECURITIES LLC | $5K | 4.18% |
| JEFFERIES LLC | $5K | 4.17% |
| NATIONAL FINANCIAL SERVICES LLC | $5K | 3.84% |
| BTIG, LLC | $4K | 3.37% |
AMG River Road Small-Mid 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 |
|---|---|---|---|
| ARSZX | Class Z | 0.97% | — |
| ARIMX | Class I | 1.02% | — |
| ARSMX | Class N | 1.28% | — |
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.