Investment Style
The Aston/Montag & Caldwell Mid Cap Growth Fund invests in high-quality growth companies ranging from $2.5 billion to $10 billion in market capitalization that offer compelling earnings growth and trade at a discount to management’s calculation of their intrinsic value.
Investment Strategy
The Fund invests primarily in common stocks and convertible securities. Under normal circumstances, the Fund invests at least 80% of its assets in securities of mid-cap companies.
The portfolio managers use a bottom-up approach to stock selection and seek high quality, well-established mid-cap companies that:
- offer a compelling combination of earnings growth and attractive value
- sell at a discount to intrinsic value
- exhibit above-median near-term relative earnings strength
- are leading franchises and have proven management teams, strong finances and attractive long-term secular growth characteristics
The Fund may invest in American Depositiory Receipts ("ADRs") and foreign securities.
To help manage risk, the portfolio managers adhere to a strong sell discipline. The Fund's annual portfolio turnover rate is not expected to exceed 100%.
Note: Small and Mid-cap stocks are generally riskier than large-cap stocks due to the greater volatility and less liquidity.
| Fund Overview |
| Inception Date |
11/2/2007 |
| Ticker |
AMCMX |
| Cusip |
00080Y819 |
| Load |
None |
| Fund Statistics (as of
3/31/2008) |
|
|
$1,988,917.00 |
| Expense Ratio |
1.40% |
| Minimum Investment |
$2,500 |
|
|
| Sector Breakdown (as of
3/31/2008) |
| Information Technology |
16.91% |
| Consumer Discretionary |
15.16% |
| Healthcare |
14.39% |
| Energy |
14.24% |
| Industrials |
14.11% |
| Consumer Staples |
8.93% |
| Cash Equivalents & Other |
6.01% |
| Financials |
5.44% |
| Materials |
2.51% |
| Computer Services |
2.31% |
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.