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 在一個行業中顯著超配，而在兩個行業中則低配，儘管持續的通脹和由人工智能熱情及美聯儲驅動的市場反彈，成長股仍然表現優於價值股。該基金對低貝塔、派息股票的關注對整個投資組合的表現產生了負面影響。行業配置以及在通信服務和能源領域的低配，加上由於估值擔憂而減少的人工智能投資，影響了相對業績，儘管該基金在能源和公用事業方面仍然保持超配</p>

AMG River Road Dividend All Cap Value Fund 2025 年第三季度評論