During Q3 2025, the AMG River Road Dividend All Cap Value Fund was meaningfully overweight in one sector and underweight in two, with growth stocks still outperforming value despite lingering inflation and a market rally driven by AI enthusiasm and the Fed. The fund's focus on lower beta, dividend payers negatively impacted performance across the portfolio. Sector allocation and underweighting in communication services and energy, combined with reduced AI exposure due to valuation concerns, detraced from relative results, though the fund remains overweight energy and utilities.

<p>在 2025 年第三季度，AMG River Road Dividend All Cap Value Fund 在一个行业中显著超配，而在两个行业中则低配，尽管持续的通胀和由人工智能热情及美联储驱动的市场反弹，成长股仍然表现优于价值股。该基金对低贝塔、派息股票的关注对整个投资组合的表现产生了负面影响。行业配置以及在通信服务和能源领域的低配，加上由于估值担忧而减少的人工智能投资，影响了相对业绩，尽管该基金在能源和公用事业方面仍然保持超配</p>

AMG River Road Dividend All Cap Value Fund 2025 年第三季度评论