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ASTON/M.D. Sass Enhanced Equity Fund

 NI
CUSIP 00080Y75100080Y694
Ticker AMBEXAMDSX
Share Class Inception 1/15/20083/3/2010
Gross Exp Ratio (%) 1.240.99
Net Exp Ratio (%) 1.240.99
30 Day Yield (03/31/12) 1.93 2.17
NAV8.588.59
NAV Change 0.23 0.23
Dividend Frequency Quarterly
Benchmarks S&P 500/Citicorp Broad 50 Index
S&P 500 Index
Morningstar Category Large Blend

Overall Morningstar Rating

ASTON/M.D. Sass Enhanced Equity Fund  Shares received a Morningstar rating.

Among 73 Long-Short Equity 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

Ronald L.  Altman

Ronald L. Altman

Mr. Altman joined M.D. Sass in June of 2009 as a portfolio manager. Prior to M.D. Sass, he was a partner and portfolio manager at MB Investment Partners, Inc. From 1999 to 2005, Mr. Altman was a Senior Managing Director and Director of Research at Victory SBSF. Mr. Altman has more than 40 years of experience in the investment research and money management business in various positions.


  • Fund Class N Shares (AMBEX)
  • Fund Class I Shares (AMDSX)
  • S&P 500/Citicorp Broad 50 Index
  • S&P 500 Index
  • Category: Long-Short Equity
Average Annual Total Returns
  Monthly returns (%) Period ended 4/30/12   Annualized Returns (%)
 
  Month3 MonthsYTD 1 yr3 yr5 yr10 yrSince Incept.Incept. Date
Fund Class N Shares (AMBEX)-1.552.124.39 8.7918.52N/AN/A4.601/15/2008
Fund Class I Shares (AMDSX)-1.552.284.56 9.06N/AN/AN/A9.533/3/2010
S&P 500/Citicorp Broad 50 Index0.243.806.57 8.5315.03N/AN/A4.2612/31/2007
S&P 500 Index-0.637.0711.87 8.5123.402.014.121.2512/31/2007
Category: Long-Short Equity-0.711.994.09 -0.3010.090.264.75-1.0412/31/2007
Calendar year-end returns
  2011201020092008200720062005200420032002
Fund Class N Shares (AMBEX)4.609.4827.34N/AN/AN/AN/AN/AN/AN/A
Fund Class I Shares (AMDSX)4.74N/AN/AN/AN/AN/AN/AN/AN/AN/A
S&P 500/Citicorp Broad 50 Index5.2711.1815.87N/AN/AN/AN/AN/AN/AN/A
S&P 500 Index2.0915.0826.47N/AN/AN/AN/AN/AN/AN/A
The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares upon redemption may be worth more or less than their original cost. Certain expenses were subsidized. If these subsidies were not in effect, the returns would have been lower. The adviser is contractually obligated to waive management fees and/or reimburse expenses through February 28, 2013. Current performance may be lower or higher than the performance data quoted.

For periods less than one-year, total returns are reported; for periods more than one-year, average annual total returns are reported.

The S&P 500 Index is an unmanaged index of 500 widely traded industrial, transportation, financial and public utility stock. Indices are adjusted for the reinvestment of capital gains and income dividends. Individuals cannot invest in an index.


Citicorp Broad Investment Grade Bond Index. A market capitalization weighted index that includes fixed-rate Treasury, government-sponsored, mortgage, assetbacked and investment-grade issues (BBB- or Baa3) with a maturity of one year or longer. Indices are adjusted for the reinvestment of capital gains and income dividends. Individuals cannot invest in an index.



The S&P 500 Index is an unmanaged index of 500 widely traded industrial, transportation, financial and public utility stock. Indices are adjusted for the reinvestment of capital gains and income dividends. Individuals cannot invest in an index.
Morningstar Rating™ (based on risk-adjusted returns) and Morningstar Rankings™ (based on total returns)
Long-Short Equity Category as of 4/30/2012
  Overall 1 yr   3 yr   5 yr   10 yr
  Rating Rank   Rating Rank   Rating Rank   Rating Rank
Fund Class N Shares (AMBEX)4 Stars7 4 Stars17 N/AN/A N/AN/A
Fund Class I Shares (AMDSX)N/A6 N/AN/A N/AN/A N/AN/A
Total # funds in category 73 166   73   N/A   N/A
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars,the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted-average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.© Morningstar, Inc.

The highest or most favorable Morningstar percentile rank is 1 and the lowest percentile rank is 100. The top-performing fund in a category will always receive a rank of 1. Various rating agencies categorize funds differently. Past performance is no guarantee of future results.

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