Investment Strategy
The Aston/TAMRO Small Cap Fund employs a bottom-up, thematic approach, seeking to identify companies with both attractive valuations and evidence of a positive dynamic for change that is not currently reflected in the stock price.
Objective
The Fund seeks to provide long-term capital appreciation.
Main Risks
All investments contain risks and investors should consider the risks associated with investing in the Fund. Investments made in small capitalization companies are subject to a higher degree of market risk because they tend to be more volatile and less liquid when compared to larger more established companies.
Note: Small company stocks may be subject to a higher degree of market risk than the securities of more established companies because they tend to be more volatile and less liquid.
| Fund Overview |
| Inception Date |
11/30/2000 |
| Ticker |
ATASX |
| Cusip |
00078H216 |
| Load |
None |
| Fund Statistics (as of
3/31/2008) |
|
|
$324,206,134.00 |
| Expense Ratio |
1.31% |
| Minimum Investment |
$2,500 |
| Alpha (3 yr.) |
0.00 |
| Beta (3 yr.) |
1.11 |
| R-Squared (3 yr.) |
0.92 |
| Standard Dev (3 yr.) |
15.72 |
| Sharpe Ratio (3 yr.) |
0.04 |
|
|
| Sector Breakdown (as of
3/31/2008) |
| Information Technology |
20.80% |
| Financials |
17.62% |
| Industrials |
15.83% |
| Consumer Staples |
12.00% |
| Healthcare |
11.68% |
| Energy |
10.42% |
| Consumer Discretionary |
8.66% |
| Cash Equivalents & Other |
2.48% |
| Telecommunication Services |
0.50% |
Past performance does not guarantee future results. Investment return and principal value of mutual funds will vary with market conditions, so that shares, when redeemed, may be worth more or less than their original cost.
Expense Ratio. A fund's cost of doing business, expressed as a percentage of its assets and disclosed in a prospectus.
Turnover. The number of shares traded for a period as a percentage of the total shares in a portfolio or of an exchange.
Alpha. Measures the difference between a fund’s actual returns and its expected performance, given its level of risk.
Beta. The measure of risk which shows a fund’s volatility relative to an index.
R-Squared. The percentage of a fund’s movement that can be explained by movements in its benchmark index.
Standard Deviation. A statistical measure of the historical volatility of a mutual fund or portfolio, usually computed using 36 monthly returns. More generally, a measure of the extent to which numbers are spread around their average.
Sharpe Ratio. A risk-adjusted measure used to determine reward per unit of risk.