ASTON/M.D. Sass Enhanced Equity Fund
| N | I | |
|---|---|---|
| CUSIP | 00080Y751 | 00080Y694 |
| Ticker | AMBEX | AMDSX |
| Share Class Inception | 1/15/2008 | 3/3/2010 |
| Gross Exp Ratio (%) | 1.24 | 0.99 |
| Net Exp Ratio (%) | 1.24 | 0.99 |
| 30 Day Yield (03/31/12) | 1.93 | 2.17 |
| NAV | 8.58 | 8.59 |
| 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™
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.
Fund Resources
Portfolio Manager
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 (%) |
|||||||||
| Month | 3 Months | YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since Incept. | Incept. Date | ||
| Fund Class N Shares (AMBEX) | -1.55 | 2.12 | 4.39 | 8.79 | 18.52 | N/A | N/A | 4.60 | 1/15/2008 | |
| Fund Class I Shares (AMDSX) | -1.55 | 2.28 | 4.56 | 9.06 | N/A | N/A | N/A | 9.53 | 3/3/2010 | |
| S&P 500/Citicorp Broad 50 Index | 0.24 | 3.80 | 6.57 | 8.53 | 15.03 | N/A | N/A | 4.26 | 12/31/2007 | |
| S&P 500 Index | -0.63 | 7.07 | 11.87 | 8.51 | 23.40 | 2.01 | 4.12 | 1.25 | 12/31/2007 | |
| Category: Long-Short Equity | -0.71 | 1.99 | 4.09 | -0.30 | 10.09 | 0.26 | 4.75 | -1.04 | 12/31/2007 | |
| Calendar year-end returns | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | |
| Fund Class N Shares (AMBEX) | 4.60 | 9.48 | 27.34 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Fund Class I Shares (AMDSX) | 4.74 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| S&P 500/Citicorp Broad 50 Index | 5.27 | 11.18 | 15.87 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| S&P 500 Index | 2.09 | 15.08 | 26.47 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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 Stars | 7 | 4 Stars | 17 | N/A | N/A | N/A | N/A | |||
| Fund Class I Shares (AMDSX) | N/A | 6 | N/A | N/A | N/A | N/A | N/A | N/A | |||
| Total # funds in category | 73 | 166 | 73 | N/A | N/A | ||||||
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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