Investment Strategy
Equity
The Aston/Montag & Caldwell Balanced Fund’s equity selection process is intended to be a high quality growth stock approach that uses valuation as a key selection criterion. The Fund selects equities that it believes are under-valued based upon the company’s ability to produce strong earnings growth relative to other companies over the next 12 to 18 months. The investment team utilizes a strong sell discipline and believes that its approach overall can add to the Fund’s long-term performance and help the Fund through bear markets.
Fixed Income
The Aston/Montag & Caldwell Balanced Fund invests in U.S. Government securities, Corporate bonds, Mortgage/Asset Backed securities, and Money Market securities. The Fund seeks to maintain a weighted duration within 20% of the duration of the Lehman Brothers Government Credit Bond Index. The Fund will invest only in fixed income securities rated “A” or better and seeks a stable flow of income to offset volatility. Parameters set by the Subadviser are not a policy of the fund and are subject to change at any time.
Objective
The Fund seeks long-term total return.
Note:
The Fund is subject to stock market and interest rate risks associated with the underlying stock and bond holdings in the portfolio. The Fund’s value can decline as a result of market volatility or as interest rates rise.
| Fund Overview |
| Inception Date |
11/2/1994 |
| Ticker |
MOBAX |
| Cusip |
00078H273 |
| Load |
None |
| Fund Statistics (as of
3/31/2008) |
|
|
$17,546,003.00 |
| Expense Ratio |
1.35% |
| Minimum Investment |
$2,500 |
|
|
| Sector Breakdown (as of
3/31/2008) |
| Information Technology |
15.42% |
| Consumer Staples |
12.64% |
| U.S. Government Obligations |
11.86% |
| Corporate Bonds |
11.71% |
| Healthcare |
10.00% |
| Energy |
9.66% |
| Industrials |
6.53% |
| Consumer Discretionary |
5.81% |
| Cash Equivalents & Other |
4.32% |
| U.S. Government Agency Obligations |
3.91% |
| Financials |
2.88% |
| Agency Mortgage Obligations |
1.80% |
| Health Care / Bio Technology |
1.79% |
| Corporate Medium Term Note |
1.66% |
*Total Net Assets include N and I Classes
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.