ASTON Dynamic Allocation Fund
| N | I | |
|---|---|---|
| CUSIP | 00080Y769 | 00080Y637 |
| Ticker | ASENX | ADNAX |
| Share Class Inception | 1/10/2008 | 11/2/2010 |
| Gross Exp Ratio (%) | 1.85 | 1.6 |
| Net Exp Ratio (%) | 1.3 | 1.05 |
| NAV | 8.29 | 8.30 |
| 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™
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.
Fund Resources
Portfolio Manager
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 Shares | I Shares |
|---|---|---|
| Origin Of Information | N/A | N/A |
| Sales Load | None | N/A |
| Total Net Assets (5/22/12) | $31,030,186.03 | $4,896,306.10 |
| Turnover | 374% | 374% |
| Minimum Investment | 2,500 | 1,000,000 |
| Alpha (3 yr.) | 0.16 | N/A |
| Beta (3 yr.) | 0.56 | N/A |
| R-Squared (3 yr.) | 0.68 | N/A |
| Standard Dev (3 yr.) | 8.60 | N/A |
| Sharpe Ratio (3 yr.) | 1.10 | N/A |
| Current Wtd Average P/E (trailing) | N/A | N/A |
| Current Wtd Average P/B (trailing) | N/A | N/A |
| Median Mkt Cap ($Mil) | N/A | N/A |
| Average Wtd Coupon | N/A | N/A |
| Effective Maturity | N/A | N/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) | |||||
|---|---|---|---|---|---|
| Company | Ticker | CUSIP | Number of Shares | Market 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% |
As the fund is actively managed, the securities as presented may not represent the current or future composition of the portfolio.
Funds
- All Funds
Large Cap Domestic Equity Funds
Domestic Equity Income Funds
Mid Cap Domestic Equity Funds
Small Cap Domestic Equity Funds
Global/International Funds
Alternative Funds
Sector Funds
Balanced Funds
Fixed Income Funds
Money Market Funds
- Shareholder Account Access
Shareholder Account Access
- Distributions/Capital Gains
Distributions/Capital Gains
- Need Help? Contact Us by E-mail
Need Help? Contact Us by E-mail
- Research - Our Subadvisers
Research - Our Subadvisers
- Performance
Performance
- Funds
Funds
My Pages
Click the "Add Page" icon located on the upper right side of each page to start creating your own personal navigation for this site.

