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ASTON Dynamic Allocation Fund

 NI
CUSIP 00080Y76900080Y637
Ticker ASENXADNAX
Share Class Inception 1/10/200811/2/2010
Gross Exp Ratio (%) 1.851.6
Net Exp Ratio (%) 1.31.05
NAV8.298.30
NAV Change 0.00 0.00
Dividend Frequency Annual
Benchmark MSCI World Ex-US Index- 35%, Russell 3000 Index- 35%, Barclays Capital Aggregate Bond Index - 30%
Morningstar Category Conservative Allocation

Overall Morningstar Rating

ASTON Dynamic Allocation Fund  Shares received a Morningstar rating.

Among 842 Moderate Allocation funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 4/30/12.

Portfolio Manager

Bryce  James

Bryce James

Mr. James co-founded Smart Portfolios, LLC in 2002 and serves as President and Chief Compliance Officer. He has more than 26 years of investment experience, most recently as a partner and founder of Shield Investment Advisors, a fixed-income fund of hedge funds. Prior to Shield, he was a Senior Vice President with Morgan Stanley. He received a BS in Accounting, Finance and Marketing from Central Washington University.

Investment Style

The ASTON Dynamic Allocation Fund uses a proprietary mathematical process to select ETFs across a wide variety of asset classes--including equities, fixed-income, international, and commodities. The goal is to create an optimal portfolio designed to produce returns in excess of its blended market benchmark with an equal or lesser amount of risk.

If you are an investment professional, login or register here for access to Aston’s research content. Discover the unique qualities that differentiate our Subadvisers at both the firm and strategy levels.  

Objective

The Fund seeks to provide longterm capital appreciation.

Risk Considerations

The Fund invests in exchange-traded funds (ETFs) which are securities of other investment companies.  An ETF seeks to track the performance of an index by holding all or a sampling of the securities on that index.  An ETF may not be able to replicate an index exactly since returns may be reduced by transaction costs, expenses and other factors while the index has none.  The Fund invests in many different areas of the market, each of which may involve its own element of risk. Use of aggressive ETF investment techniques such as futures contracts, options on futures contracts and forward contracts may expose an underlying fund to potentially dramatic changes (losses) in the value of its portfolio.  Credit risk or default risk could negatively affect the Fund’s share price.  Inverse or ‘short’ ETFs seek to profit from falling market prices and will lose money if the market benchmark index goes up in value.  Leveraged ETFs seek to provide returns that are a multiple of a benchmark and can increase risk exposure relative to the amount invested and can lead to significantly greater losses than a comparable unleveraged portfolio.

Fund Stats (as of 3/31/12) N SharesI Shares
Origin Of Information N/AN/A
Sales Load NoneN/A
Total Net Assets (5/22/12)$31,030,186.03$4,896,306.10
Turnover 374%374%
Minimum Investment 2,5001,000,000
Alpha (3 yr.) 0.16N/A
Beta (3 yr.) 0.56N/A
R-Squared (3 yr.) 0.68N/A
Standard Dev (3 yr.) 8.60N/A
Sharpe Ratio (3 yr.) 1.10N/A
Current Wtd Average P/E (trailing) N/AN/A
Current Wtd Average P/B (trailing) N/AN/A
Median Mkt Cap ($Mil) N/AN/A
Average Wtd Coupon N/AN/A
Effective Maturity N/AN/A
Sector Breakdown (as of 4/30/12)
Domestic Fixed Income
51.98%
Domestic Equity
12.92%
Real Estate
12.62%
Cash Equivalents & Other
10.39%
International Equity
6.07%
Commodities
6.03%
Top Ten Holdings (as of 4/30/12)
CompanyTickerCUSIPNumber of SharesMarket Value% of Net Assets
ISHARES BARCLAYS 1-3 YEAR TR SHY 464287457 174,698 $14,754,993.08 39.88%
ISHARES COHEN & STEERS RLTY ICF 464287564 30,226 $2,379,995.24 6.43%
VANGUARD REIT ETF VNQ 922908553 34,959 $2,288,765.73 6.18%
ISHARES BARCLAYS AGGREGATE AGG 464287226 20,391 $2,255,040.69 6.09%
ISHARES MSCI AUSTRALIA INDEX EWA 464286103 94,177 $2,245,179.68 6.06%
ISHARES IBOXX INV GR CORP BD LQD 464287242 19,044 $2,218,245.12 5.99%
FINANCIAL SELECT SECTOR SPDR XLF 81369Y605 133,324 $2,055,856.08 5.55%
UTILITIES SELECT SECTOR SPDR XLU 81369Y886 43,928 $1,566,472.48 4.23%
HEALTH CARE SELECT SECTOR XLV 81369Y209 30,820 $1,156,058.20 3.12%
SPDR GOLD TRUST GLD 78463V107 6,995 $1,132,350.60 3.06%
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.

As the fund is actively managed, the securities as presented may not represent the current or future composition of the portfolio.

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