Investment Strategy
The Aston/Fortis Real Estate Fund combines both top-down and bottom-up research with a long-term investment horizon to construct a portfolio that maintains the characteristics of direct real estate ownership.
Objective
The Fund seeks total return through a combination of growth and income.
Note: Real estate funds are non-diversified and may be more susceptible to risk than funds that invest more broadly. Risks include declines from deteriorating economic conditions, changes in the value of the underlying property, and defaults by borrowers.
| Fund Overview |
| Inception Date |
9/20/2005 |
| Ticker |
AARIX |
| Cusip |
00080Y108 |
| Load |
None |
| Fund Statistics (as of
9/30/2008) |
|
|
$42,712,410.95 |
| Expense Ratio |
1.12% |
| Turnover |
72% |
| Minimum Investment |
$2,000,000 |
| Weighted Average P/B |
4.03 |
| Median Market Capitalization (in millions) |
$4,553.00 |
|
|
| Sector Breakdown (as of
10/31/2008) |
| Retail |
25.81% |
| Residential |
19.04% |
| Office Properties |
16.37% |
| Health Care |
13.41% |
| Self Storage |
6.58% |
| Net Lease |
6.09% |
| Cash Equivalents & Other |
4.17% |
| Hotels |
3.41% |
| Industrials |
2.67% |
| Diversified |
2.44% |
*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.