Investment Strategy
The Aston/Optimum Mid Cap Fund invests in mid-sized companies with strong franchises that management views as priced inefficiently relative to their earnings growth potential.
Objective
The Fund seeks long-term total return through capital appreciation by investing primarily in common and preferred stocks, and convertible securities.
Main Risks
All investments contain risks and investors should consider the risks associated with investing in the Fund. Investments made in small and mid-size 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: Mid-cap stocks are generally riskier than large-cap stocks due to greater volatility and less liquidity.
| Fund Overview |
| Inception Date |
7/6/2004 |
| Ticker |
ABMIX |
| Cusip |
00078H158 |
| Load |
None |
| Fund Statistics (as of
12/31/2009) |
|
|
$1,218,502,534.77 |
| Expense Ratio |
0.91% |
| Turnover |
17% |
| Minimum Investment |
$1,000,000 |
| Alpha (3 yr.) |
4.68 |
| Beta (3 yr.) |
1.14 |
| R-Squared (3 yr.) |
0.95 |
| Standard Dev (3 yr.) |
27.40 |
| Sharpe Ratio (3 yr.) |
0.04 |
| Weighted Average P/E |
18.70 |
| Weighted Average P/B |
2.30 |
| Median Market Capitalization (in millions) |
$3,700.00 |
|
|
| Sector Breakdown (as of
1/31/2010) |
| Consumer Discretionary |
26.72% |
| Information Technology |
24.28% |
| Industrials |
15.59% |
| Health Care |
12.73% |
| Energy |
7.03% |
| Cash Equivalents & Other |
5.38% |
| Financials |
3.65% |
| Consumer Staples |
2.41% |
| Materials |
2.22% |
| Telecommunication Services |
0.00% |
| Utilities |
0.00% |
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.