Investment Style
The Aston/Montag & Caldwell Mid Cap Growth Fund invests in high-quality mid-cap growth companies that are growing near-term earnings faster than the market and trading at a discount to their intrinsic value.
Objective
The Fund seeks to provide longterm capital appreciation and, secondarily, current income, by investing primarily in common stocks and convertible securities.
Note: Small- and mid-cap stocks are considered riskier than large-cap stocks due to greater potential volatility and less liquidity.
| Fund Overview |
| Inception Date |
11/2/2007 |
| Ticker |
AMCMX |
| Cusip |
00080Y819 |
| Load |
None |
| Fund Statistics (as of
6/30/2008) |
|
|
$2,607,390.53 |
| Expense Ratio |
1.40% |
| Turnover |
41% |
| Minimum Investment |
$2,500 |
| Weighted Average P/E |
22.09 |
| Weighted Average P/B |
5.48 |
| Median Market Capitalization (in millions) |
$6,163.00 |
|
|
| Sector Breakdown (as of
8/31/2008) |
| Information Technology |
21.00% |
| Industrials |
18.38% |
| Health Care |
17.85% |
| Consumer Discretionary |
14.32% |
| Energy |
13.15% |
| Financials |
7.09% |
| Consumer Staples |
5.24% |
| Materials |
2.58% |
| Cash Equivalents & Other |
0.40% |
| 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.