ASTON/TCH Fixed Income Fund
| N | I | |
|---|---|---|
| CUSIP | 00078H323 | 00078H331 |
| Ticker | CHTBX | CTBIX |
| Share Class Inception | 12/13/1993 | 7/31/2000 |
| Gross Exp Ratio (%) | 1.11 | 0.86 |
| Net Exp Ratio (%) | 0.94 | 0.69 |
| 30 Day Yield (05/31/13) | 2.82 | 2.97 |
| NAV | 10.83 | 10.84 |
| NAV Change (%) |  0.09 | 0.00 |
| Dividend Frequency | Monthly |
| Benchmark | Barclays U.S. Aggregate Bond |
| Morningstar Category | Intermediate-Term Bond |
Overall Morningstar Rating™
Among 1010 Intermediate-Term Bond funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 5/31/13.
Fund Resources
Portfolio Managers
Tere Alvarez Canida, CFA
Tere Alvarez Canida, CFA
Ms. Canida is President and Managing Principal of TCH. She has more than 29 years of investment experience, having previously served as Vice President and Senior Investment Officer of Southeast Banks Trust Company. She received her BS from Georgetown University in 1975, and her MBA from The George Washington University in 1976.
Alan M. Habacht
Alan M. Habacht
Mr. Habacht has more than 38 years of investment experience. Before joining TCH, he served as Senior Vice President and portfolio manager for INVESCO Capital Management. He also served as a security analyst for Weiss, Peck & Greer, Alliance Capital Management, and Bache & Company. Mr. Habacht received his BA in Finance from Boston University in 1968.
William J. Canida, CFA
William J. Canida, CFA
Co-Portfolio Manager of each Fund since December 1, 2006 and Principal of Taplin. Mr. Canida has over 31 years of investment experience. Prior to joining Taplin, he served as Vice President and Senior Investment Officer for Harris Trust Company of Florida. He also was Vice President and Treasurer of AmeriFirst Florida Trust Company and Southeast Bank. Mr. Canida received his BA in 1973 and his MBA in 1975, both from Indiana University. He has also attended the National Graduate Trust School of Northwestern University, and became a Chartered Financial Analyst in 1982.
Scott Kimball, CFA
Scott Kimball, CFA
Co-Portfolio Manager of the Fund since February 2013 and portfolio manager at TCH. Mr. Kimball joined TCH in 2007 and the TCH portfolio management team in 2011. In his current role he is responsible for implementing the team’s strategies and monitoring the return objectives and guidelines set forth for client accounts. He has over eight years of investment experience and has previously worked with Merrill Lynch and Charles D. Hyman and Company. Mr. Kimball graduated from Stetson University in 2003 and holds the Chartered Financial Analyst designation.
Investment Strategy
The ASTON/TCH Fixed Income Fund seeks to maximize current income consistent with prudent risk by focusing on independent fundamental security research to gain from inefficiencies in various bond market sectors.
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Objective
The Fund seeks high current income consistent with prudent risk of capital.
Risk Considerations
Bond funds are subject to interest rate and credit risk similar to individual bonds. As interest rates rise or credit quality suffers, an investor is susceptible to loss of principal.
| Fund Stats (as of 3/31/13) | N Shares | I Shares |
|---|---|---|
| Origin Of Information | N/A | N/A |
| Sales Load | None | None |
| Total Net Assets (6/18/13) | $56,564,589.71 | $9,598,714.33 |
| Turnover | 53% | 53% |
| Minimum Investment | 2,500 | 1,000,000 |
| Alpha (3 yr.) | N/A | N/A |
| Beta (3 yr.) | N/A | N/A |
| R-Squared (3 yr.) | N/A | N/A |
| Standard Dev (3 yr.) | N/A | N/A |
| Sharpe Ratio (3 yr.) | N/A | N/A |
| Current Wtd Average P/E (trailing) | N/A | N/A |
| Current Wtd Average P/B (trailing) | N/A | N/A |
| Median Mkt Cap ($Mil) | N/A | N/A |
| Average Wtd Coupon | 5.20 | 5.20 |
| Effective Maturity | 9.21 | 9.21 |
| Sector Breakdown (as of 5/31/13) | |
|---|---|
| Corporate Bonds | 56.89% |
| U.s. Government Obligations | 14.17% |
| Mortgage-backed Securities | 11.92% |
| Foreign Corporate Bonds | 10.98% |
| Cash Equivalents & Other | 2.76% |
| U.s. Government Agency Obligations | 2.16% |
| Foreign Government Bond | 1.13% |
| Top 10 Holdings (as of 5/31/13) | |||||
|---|---|---|---|---|---|
| Company | Ticker | CUSIP | Number of Shares | Market Value | % of Net Assets |
| TSY INFL IX N/B | 912828JE1 | 1,618,905 | $1,820,003.76 | 2.71% | |
| TSY INFL IX N/B | 912810PV4 | 1,110,920 | $1,329,024.70 | 1.98% | |
| TSY INFL IX N/B | 912828NM8 | 1,067,170 | $1,212,571.91 | 1.80% | |
| TSY INFL IX N/B | 912828QV5 | 1,032,610 | $1,122,156.91 | 1.67% | |
| US TREASURY N/B | 912828CA6 | 1,000,000 | $1,027,266.00 | 1.53% | |
| US TREASURY NT 4.25%, 11/15/13 | 912828BR0 | 1,000,000 | $1,018,750.00 | 1.51% | |
| US T-N/B 4.25%-8/15/13 | 912828BH2 | 1,000,000 | $1,008,594.00 | 1.50% | |
| GEN ELEC CAP CRP | 36962G5X8 | 1,000,000 | $1,006,343.00 | 1.49% | |
| FREDDIE MAC | 3132L5AF0 | 997,853 | $1,001,188.20 | 1.49% | |
| US TREASURY N/B | 912810QZ4 | 1,000,000 | $971,406.00 | 1.44% | |
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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