ASTON/River Road Long-Short Fund
|Share Class Inception||5/4/2011||3/4/2013|
|Gross Exp Ratio (%)||2.59||2.34|
|Net Exp Ratio Excluding Div. & Int. Exp on Short Sales and Acq. Fund Fees 1||1.70||1.45|
|NAV Change (%)||0.00||0.00|
|Benchmark||Russell 3000 Index|
|Morningstar Category||Long/Short Equity|
1 The Advisor is contractually obligated to waive management fee and/or reimburse ordinary expenses through February 28, 2015. The total operating expenses are 2.43% for Class-N and 2.18% for Class-I. Total operating expenses includes dividend and interest expense on short sales of 0.68% and acquired fund fees of 0.05%,which are not included in the net expense ratio.
Overall Morningstar Rating™
Among 149 Long/Short Equity funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 10/31/14.
Matthew Moran, CFA
Matthew Moran, CFA
Mr. Matthew W. Moran, CFA has been the lead portfolio manager since the Fund’s inception and is a Portfolio Manager at River Road. Mr. Moran has 10 years of investment industry experience. Prior to joining River Road Mr. Moran was employed by Morningstar from 2005 to 2006, as an equity analyst. Mr. Moran was employed by Citigroup as an associate from 2001 to 2005. He received his BS in Finance from Bradley University, his MBA from the University of Chicago Booth School of Business, and he holds the Chartered Financial Analyst designation.
Daniel Johnson, CFA
Daniel Johnson, CFA
Mr. Johnson serves as a Portfolio Manager. Prior to joining River Road, Mr. Johnson served as a public accountant with PricewaterhouseCoopers. He received his B.S. in Accounting and Masters of Accountancy from the University of Kentucky. Mr. Johnson holds the Certified Public Accountant and Chartered Financial Analyst designations.
The ASTON/River Road Long-Short Fund seeks to provide equity-like returns with reduced volatility and emphasis on capital preservation by taking long and short equity positions using a value-driven, bottom-up approach.
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The Fund seeks to provide absolute return while minimizing volatility over a full market cycle.
Short sales may involve the risk that the fund will incur a loss by subsequently buying a security at a higher price than the price at which the fund previously sold the security short. A loss incurred on a short sale results from increases in the value of the security, losses on a short sale are theoretically unlimited. Value investing often involves buying the stocks of companies that are currently out of favor that may decline further. Investing in exchange traded and closed end funds are subject to additional risk that shares of the underlying fund may trade at a premium or discount to their net asset value per share. Convertible preferred securities are subject to the risks of equity securities and fixed income securities. Derivatives can be highly volatile and involve risk in addition to the risk of the underlying reference security. Investing in the securities of foreign issuers involves special risks and considerations not typically associated with investing in U.S. companies.
Note: Please see profile sheet for Sector Breakdown and Top Ten Holdings.
- Holdings as of October 31, 2014 (29 KB, PDF)
- Holdings as of August 31, 2014 (31 KB, PDF)
- Long Holdings as of July 31, 2014 (30 KB, PDF)
- Long Holdings as of May 30, 2014 (26 KB, PDF)
- Long Holdings as of April 30, 2014 (25 KB, PDF)
- Long Holdings as of February 28, 2014 (28 KB, PDF)
- Long Holdings as of January 31, 2014 (28 KB, PDF)
|Fund Stats (as of 9/30/14)||N Shares||I Shares|
|Origin Of Information||BNY Mellon/ FactSet||BNY Mellon/ FactSet|
|Total Net Assets (11/25/14)||$101,481,131.56||$103,474,759.94|
|Alpha (3 yr.)||-0.8||N/A|
|Beta (3 yr.)||0.47||N/A|
|R-Squared (3 yr.)||65.21||N/A|
|Standard Dev (3 yr.)||6.46||N/A|
|Sharpe Ratio (3 yr.)||1.45||N/A|
|Current Wtd Average P/E (trailing)||18.04||18.04|
|Current Wtd Average P/B (trailing)||2.67||2.67|
|Median Mkt Cap ($Mil)||3,105||3,105|
|Average Wtd Coupon||N/A||N/A|
|Sector Breakdown (as of 9/30/2014)|
|Cash Equivalents & Other||42.78%|
|Top 10 Holdings (as of 9/30/2014)|
|Company||Ticker||CUSIP||Number of Shares||Market Value||% of Net Assets|
|OAKTREE CAPITAL GROUP LLC||OAK||674001201||185,349||$9,471,333.90||3.58%|
|TWENTY-FIRST CENTURY FOX INC||FOXA||90130A101||249,556||$8,557,275.24||3.23%|
|LIBERTY MEDIA CORP||LMCK||531229300||174,593||$8,204,125.07||3.10%|
|INTERNATIONAL SPEEDWAY CORP||ISCA||460335201||258,024||$8,163,879.36||3.08%|
|WW GRAINGER INC||GWW||384802104||30,923||$7,781,772.95||2.94%|
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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