ARZMX Fees and Costs — AMG River Road Small Cap Value Fund, Class Z
Data updated: 2026-09-25
The net expense ratio is 1.00%: a 0.80% management fee plus 0.20% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $657K in broker commissions, 0.0605% of average net assets, and portfolio turnover was 42%.
ARZMX Fees and Expenses
Annual operating expenses and sales charges of ARZMX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ARZMX Costs Over Time
On $10,000 invested in ARZMX, assuming 5% a year before costs, total costs come to $663 over 5 years, cutting the return by 1.11% 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 1.00%) | $105 | $327 | $567 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $364 | $663 |
| Value after costs | $10,389 | $11,212 | $12,100 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
ARZMX 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): 0.0605%
- Total broker commissions: $657K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $53.2M
- Net income from securities lending: $85K (0.008% of average net assets)
ARZMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $116K | 18.26% |
| GOLDMAN SACHS & CO. LLC | $114K | 18.00% |
| CANTOR FITZGERALD & CO. | $103K | 16.29% |
| INSTINET, LLC | $96K | 15.12% |
| Merrill Lynch Pierce Fenner & Smith Inc | $59K | 9.33% |
| SG AMERICAS SECURITIES LLC | $37K | 5.85% |
| BTIG, LLC | $34K | 5.30% |
| Raymond James & Associates, Inc. | $28K | 4.40% |
| JEFFERIES LLC | $25K | 3.95% |
| NATIONAL FINANCIAL SERVICES LLC | $22K | 3.49% |
AMG River Road Small 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 |
|---|---|---|---|
| ARZMX | Class Z | 1.00% | — |
| ARSIX | Class I | 1.09% | — |
| ARSVX | Class N | 1.35% | — |
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.