ARZMX Performance — AMG River Road Small Cap Value Fund, Class Z
Data updated: 2026-09-25
ARZMX returned +9.28% year to date and +10.96% over one year to Jul 2026. Annualised returns are +10.59% over 3 years and +7.93% over 5 years. The fund trailed its US Small Value category average: $100 invested three years ago grew to $135, against $147 for the category, and to $111 over one year, against $131. Volatility over the past three years was 14.28% a year. In the 12 months to Jul 2026 the fund lost a net $111.5M, and assets reached $1.00B.
ARZMX Growth of $100
What $100 invested in AMG River Road Small Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | ARZMX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $111 | $131 |
| 3 years (Aug 2023 – Jul 2026) | $135 | $147 |
| 5 years (Aug 2021 – Jul 2026) | $146 | $154 |
| Since data start (Aug 2019 – Jul 2026) | $185 | $214 |
ARZMX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.28% |
| 1 year | +10.96% |
| 3 years (annualised) | +10.59% |
| 5 years (annualised) | +7.93% |
ARZMX Annual Returns
Calendar-year total returns of AMG River Road Small Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +9.28% |
| 2025 | +2.61% |
| 2024 | +14.43% |
| 2023 | +15.17% |
| 2022 | −6.02% |
| 2021 | +21.44% |
| 2020 | +2.26% |
| 2019 (Aug–Dec) | +7.23% |
ARZMX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.4% | −1.1% | −3.6% | +6.0% | −3.2% | +7.3% | +2.6% | — | — | — | — | — |
| 2025 | +2.8% | −3.5% | −3.1% | −2.8% | +3.8% | +2.8% | +1.4% | +3.0% | −1.9% | −2.4% | +2.8% | +0.1% |
| 2024 | −2.0% | +4.9% | +5.3% | −4.9% | +1.5% | −2.7% | +6.7% | −1.8% | −0.1% | +1.1% | +13.0% | −6.0% |
| 2023 | +8.8% | −2.2% | −3.6% | −1.3% | −2.6% | +7.1% | +3.5% | −0.3% | −2.8% | −1.7% | +3.5% | +6.8% |
| 2022 | −4.7% | −0.4% | +2.3% | −4.5% | +2.4% | −7.1% | +8.6% | −2.0% | −8.7% | +12.1% | +2.0% | −4.1% |
| 2021 | −0.2% | +7.9% | +5.0% | +3.2% | +0.6% | −1.1% | −0.8% | +0.8% | −2.6% | +3.2% | −2.2% | +6.5% |
| 2020 | −5.1% | −9.2% | −21.9% | +10.0% | +4.5% | +4.2% | +0.8% | +4.9% | −4.0% | +1.0% | +16.0% | +6.6% |
| 2019 | — | — | — | — | — | — | — | −4.0% | +1.7% | +3.0% | +4.0% | +2.6% |
ARZMX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 14.28%
- 3-year Sharpe ratio: 0.43 (vs 4.5% risk-free rate)
- Best month: +13.03% (Nov 2024)
- Worst month: −6.00% (Dec 2024)
ARZMX Fund Flows
Monthly money in and out of AMG River Road Small Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$111.5M
- 12-month gross sales (incl. reinvestments): $371.4M
- Sales ÷ redemptions: 0.77×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $8.7M | $80.5M | −$71.8M |
| Jun 2026 | $12.7M | $73.9M | −$61.2M |
| May 2026 | $18.8M | $38.6M | −$19.8M |
| Apr 2026 | $12.3M | $33.3M | −$20.9M |
| Mar 2026 | $22.3M | $24.7M | −$2.4M |
| Feb 2026 | $22.2M | $20.1M | $2.0M |
| Jan 2026 | $57.0M | $19.1M | $37.8M |
| Dec 2025 | $120.6M | $53.1M | $67.5M |
| Nov 2025 | $12.7M | $59.1M | −$46.4M |
| Oct 2025 | $57.4M | $45.8M | $11.6M |
| Sep 2025 | $14.1M | $17.6M | −$3.5M |
| Aug 2025 | $12.6M | $17.0M | −$4.4M |
ARZMX Assets Under Management
Net assets of AMG River Road Small Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.00B |
| 2026-04-30 | $1.09B |
| 2026-01-30 | $1.10B |
| 2025-10-31 | $1.09B |
| 2025-07-31 | $1.10B |
| 2025-04-30 | $1.01B |
| 2025-01-31 | $1.10B |
| 2024-10-31 | $1.09B |
| 2024-07-31 | $1.12B |
| 2024-04-30 | $1.02B |
| 2024-01-31 | $933.90M |
| 2023-10-31 | $882.93M |
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.