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Aston/River Road Select Value Fund

 NI
CUSIP00080Y80100080Y884
TickerARSMXARIMX
Share Class Inception3/29/20076/28/2007
Gross Exp Ratio (%)1.511.26
Net Exp Ratio (%)1.51.25
NAV8.428.45
% Change 0.36 0.36
Benchmarks Russell 2500 Value Index
Russell 2000 Value Index
Morningstar Category Small Value

Overall Morningstar Rating™

Aston/River Road Select Value Fund Shares received a Morningstar rating.

Among 309 Small Value funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 8/31/10.

View Entire Rating

Fund Resources

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Portfolio Managers

James C. Shircliff, CFA
James C. Shircliff, CFA

James C. Shircliff, CFA

James C. Shircliff, CFA

Mr. Shircliff is the CEO and Chief Investment Officer of River Road. Prior to founding River Road, he served as a Portfolio Manager and Director of Research for SMC Capital Inc., an affiliate of Commonwealth Trust Company (Commonwealth SMC) from 1998 to 2005. He has also served as a Special Situations Analyst and Fund Manager for Oppenheimer Management Company and as a Partner and Director of Research for Southeastern Asset Management. Mr. Shircliff has more than 30 years of investment management experience. He received his BS from the University of Louisville.

R. Andrew Beck
R. Andrew Beck

R. Andrew Beck

R. Andrew Beck

Mr. Beck is President of River Road. Prior to co-founding River Road, he was a Senior Vice President and Portfolio Manager for SMC Capital, Inc. (Commonwealth SMC) from 1999 to 2005. Mr. Beck received his BS from the University of Louisville and his MBA from Babson College.

Henry W. Sanders, III, CFA
Henry W. Sanders, III, CFA

Henry W. Sanders, III, CFA

Henry W. Sanders, III, CFA

Mr. Sanders is Executive Vice President of River Road. Prior to co-founding River Road, he was a Senior Vice President and Portfolio Manager for Commonwealth Trust Company (Commonwealth SMC) from 2002 to 2005. Before that, he served as President for Bridges Capital Management and Vice President for PRIMCO Capital Management. Mr. Sanders received his BS from Bellarmine University and his MBA from Boston College.

  1. Overview
  2. Holdings
  3. Performance
  4. Quarterly Commentary

Investment Strategy

The Aston/River Road Select Value Fund employs a bottom-up, absolute-value driven fundamental approach in selecting from small- and mid-cap stocks.

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 long-term capital appreciation.

Main Risks

All investments contain risks and investors should consider the risks associated with investing in the Fund. Investments made in small and mid-sized capitalization companies are subject to a higher degree of market risk because they tend to be more volatile and less liquid when compared to larger more established companies.

Note: Small- and mid-cap stocks are considered riskier than large-cap stocks due to greater potential volatility and less liquidity.

Fund Stats (as of 6/30/10) NI
Origin Of InformationFactsetFactset
Sales LoadNoneNone
Total Fund Assets199,433,686.26199,433,686.26
Turnover6161
Minimum Investment2,5001,000,000
Alpha (3 yr.)-1.44-1.20
Beta (3 yr.)0.750.75
R-Squared (3 yr.)0.950.94
Standard Dev (3 yr.)19.8819.95
Sharpe Ratio (3 yr.)-0.12-0.11
Current Wtd Average P/E (trailing)13.113.1
Current Wtd Average P/B (trailing)1.441.44
Median Mkt Cap ($Mil)1,0641,064
Turnover is based on a rolling 12-month average. Alpha measures the difference between a fund’s actual returns and its expected performance, given its level of risk. Beta is a measure of risk which shows a fund’s volatiliy relative to an index. R-Squared is the percentage of a fund’s movement that can be explained by movements in its benchmark index. Sharpe Ratio is a risk-adjusted measure used to determine reward per unit of risk.

Sector Breakdown (as of 7/31/10)
Financials		22.98%
Consumer Discretionary		22.55%
Industrials		13.63%
Consumer Staples		10.16%
Health Care		7.50%
Materials		6.63%
Utilities		6.11%
Information Technology		5.36%
Cash Equivalents & Other		2.26%
Energy		1.49%
Telecommunication Services		1.32%
Top Ten Holdings (as of 7/31/10)
CompanyTickerCUSIPNumber of SharesMarket Value% of Net Assets
PETSMART INC PETM 716768106 313,680 $9,739,764.00 4.63%
APTARGROUP INC ATR 38336103 214,220 $9,226,455.40 4.39%
RUDDICK CORP RDK 781258108 250,160 $8,868,172.00 4.22%
WR BERKLEY CORP WRB 84423102 240,400 $6,493,204.00 3.09%
DOLLAR TREE INC DLTR 256746108 123,390 $5,468,644.80 2.60%
GEO GROUP INC/THE GEO 36159R103 238,920 $5,155,893.60 2.45%
EQUIFAX INC EFX 294429105 159,760 $5,006,878.40 2.38%
PEOPLE'S UNITED FINANCIAL PBCT 712704105 338,640 $4,686,777.60 2.23%
PARTNERRE LTD PRE G6852T105 62,890 $4,551,349.30 2.16%
RENT-A-CENTER INC RCII 76009N100 195,640 $4,302,123.60 2.05%
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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