Investment Strategy
The Aston/Neptune International Fund employs a disciplined, team-based process that combines top-down sector analysis and bottom-up stock selection. The Fund has a large/mid-cap bias, no fixed style, and may invest in the securities of issuers of any country outside the United States.
Objective
The Fund seeks to provide total long-term capital appreciation.
Note: Investing in foreign markets involves the risk of social and political instability, market illiquidity, and currency volatility. Holdings in emerging markets entail the further risk of unstable legal systems, increased volatility, and even less liquidity.
| Fund Overview |
| Inception Date |
8/6/2007 |
| Ticker |
ANIIX |
| Cusip |
00080Y850 |
| Load |
None |
| Fund Statistics (as of
9/30/2008) |
|
|
$10,010,019.03 |
| Expense Ratio |
1.02% |
| Turnover |
4% |
| Minimum Investment |
$1,000,000 |
| Weighted Average P/E |
11.73 |
| Weighted Average P/B |
3.39 |
| Median Market Capitalization (in millions) |
$31,596.00 |
|
|
| Sector Breakdown (as of
7/31/2008) |
| Materials |
21.57% |
| Energy |
19.43% |
| Consumer Staples |
14.46% |
| Financials |
12.68% |
| Health Care |
8.92% |
| Telecommunication Services |
7.46% |
| Consumer Discretionary |
6.87% |
| Cash Equivalents & Other |
5.94% |
| Industrials |
2.68% |
For the Aston/Neptune International Fund: Sector Breakdown percentages are based on the portfolio as of 7/31/08.
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.