AMG River Road Long-Short Fund
Data updated: 2024-03-25
C000095864 — AMG River Road Long-Short Fund. Market-Neutral · $3.07M AUM · 1.03% expense ratio. Holdings, fees, performance and SEC filings.
C000095864 Fund Overview
AMG River Road Long-Short Fund is a US mutual fund managed by AMG Funds IV, categorised as Market-Neutral. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: AMG Funds IV
- Category: Market-Neutral
- Assets under management: $3.07M
- 1-year return: 9.0%
- SEC CIK: 0000912036
- SEC series ID: S000030896
- Share class ID: C000095864
C000095864 Investment Objective and Strategy
AMG River Road Long-Short Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AMG Funds IV.
Investment objective
The Fund seeks to provide absolute return while minimizing volatility over a full market cycle.
Principal investment strategy
The Fund pursues its investment objective primarily by taking long and short positions in equity securities. The Funds subadviser believes that a combination of long and short positions may provide positive returns through a complete market cycle and may offer reduced risk. The allocation between long and short positions is a result of the subadvisers fundamental investment process. The Fund does not intend to be market neutral and anticipates that it will normally hold a higher percentage of its assets in long positions (i.e., the Fund will be net long). The Funds long and short equity investments consist primarily of domestic common stock and real estate investment trusts (REITs) but may also include other types of equity securities such as foreign stock, preferred stock, convertible preferred stocks, publicly traded partnerships (PTPs) and convertible bonds.
The Fund may use instruments such as exchange-traded funds (ETFs), options, futures and other index-based investments to manage its exposure between long and short positions. The use of derivative instruments, if any, is expected to consist primarily of put and call options on securities and securities indices. Cash is a residual of the investment process. When the subadviser is unable to find investment opportunities that meet the Funds criteria, the Funds cash balances may increase. The Fund is classified as non-diversified. The subadvisers investment philosophy is based upon its proprietary Absolute Value approach, which seeks to provide attractive, sustainable, low volatility returns over the long term, while reducing downside portfolio risk. When the Fund takes a long position, it purchases a stock outright.
The Fund takes long positions in securities that the subadviser believes will rise in value. For long positions, the subadviser seeks to identify companies it believes have certain characteristics including: Security price that is at a discount to assessed valuation as determined by the subadviser's unique and proprietary Absolute Value approach Attractive business model Shareholder-oriented management Financial strength Undiscovered, under-followed, misunderstood The Fund takes short positions in securities that the subadviser believes will go down in value. For short positions, the subadviser seeks to identify companies it believes have certain characteristics including: Challenged business model Low price and earnings momentum Financial weakness Poor shareholder-orientation Security price that is at a premium to assessed valuation as determined by the subadviser's unique and proprietary Absolute Value approach When the Fund takes a short position, it sells a security that it does not own at the current market price in anticipation that the market price will go down.
To complete a short sale, the Fund must borrow the security to make delivery to the buyer. The Fund is then obligated to replace the borrowed security by purchasing the security in the open market at the time of closing out the short sale. The price at such time may be more or less than at the time the security was sold short. Until the borrowed security is returned, the Fund is required to pay the lender amounts equal to any dividends or interest that accrue during the period of the loan. To borrow the security, the Fund also may be required to pay a premium to the lender, which would increase the cost to the Fund of taking the short position. The proceeds of the short sale will be retained by the broker to the extent necessary to meet margin requirements until the short position is closed.
The Funds net market exposure will fluctuate with market opportunities but will generally be between 10% and 90%. To seek to manage risk the subadviser may use controls and techniques to systemically reduce market exposure upon the occurrence of certain trigger events. The subadvisers investment process generally results in high portfolio turnover.
C000095864 Holdings
Top 1 holdings of AMG River Road Long-Short Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Institutional Preferred Government Money Market Fund | 100.54% |
C000095864 Portfolio Allocation
Asset-class allocation of AMG River Road Long-Short Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 100.5% |
C000095864 Performance
Total returns for C000095864 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.0% |
| 3 years (annualised) | 8.8% |
C000095864 Risk Information
Risk metrics for C000095864, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.6%
C000095864 Costs and Fees
C000095864 costs about $103 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.03%
- Gross expense ratio: 2.11%
- Portfolio turnover: 51%
- Brokerage commissions: 16.51 bps of average net assets (SEC N-CEN)
C000095864 Cashflows
Over the 12 months to 2024-01, AMG River Road Long-Short Fund had net inflows of $10.95M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-01 | $6.82M |
| 2023-12 | $1.38M |
| 2023-11 | $291.48K |
| 2023-10 | $80.39K |
| 2023-09 | $319.80K |
| 2023-08 | $398.07K |
C000095864 Debt Constituents
No individual debt constituents are reported in AMG River Road Long-Short Fund's latest SEC N-PORT filing.
C000095864 Prospectus and SEC Filings
Official AMG River Road Long-Short Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus supplement (497) — filed 2021-08-27
- Portfolio holdings (N-PORT) — filed 2024-03-25
- Portfolio holdings (N-PORT) — filed 2023-12-20
- Portfolio holdings (N-PORT) — filed 2023-09-29
- Annual census (N-CEN) — filed 2024-01-16
- Annual census (N-CEN) — filed 2023-01-13
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.