Investment Approach

AMG River Road Small-Mid Cap Value Fund

Under normal conditions, the Fund invests at least 80% of its assets in small and mid-cap equities deemed out of favor and/or undervalued relative to a company’s prospects for growth or relative to their peers. Target companies will typically have market capitalizations between $250 million and $14 billion at the time of purchase. The Fund’s Absolute Value® approach utilizes systematic and dynamic proprietary research to analyze companies based on the following investment criteria:

• Financial strength trading at a discount to assessed valuation
• Shareholder-oriented management teams
• Undiscovered, under-followed, misunderstood companies with attractive business models