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 (%) | 0.74 | 0.49 |
| NAV | 10.40 | 10.40 |
| % Change | 0.19 | 0.19 |
| Benchmark | Barclays U.S. Aggregate Bond |
| Morningstar Category | Intermediate-Term Bond |
Dividend Frequency: Monthly
Overall Morningstar Rating™
Among 991 Intermediate-Term Bond funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 7/31/10.
Fund Resources
- Profile Sheet (PDF | 415 KB)
- Full Prospectus (PDF | 1 MB)
- Annual Report (PDF | 2 MB)
- Semi-Annual Report (PDF | 874 KB)
- SAI (PDF | 788 KB)
Portfolio Managers
Tere Alvarez Canida, CFA
Tere Alvarez Canida, CFA
Ms. Canida is President and Managing Principal of TCH. She has more than 28 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 37 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 30 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.
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.
Main Risks
Fixed income funds are subject to interest rate risk. The value of a fixed income fund will decline as interest rates rise.
Note: 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 6/30/10) | N | I |
|---|---|---|
| Sales Load | None | None |
| Total Fund Assets | 61,530,537.99 | 61,530,537.99 |
| Turnover | 19 | 19 |
| Minimum Investment | 2,500 | 1,000,000 |
| Average Wtd Coupon | 5.91 | 5.91 |
| Effective Maturity | 8.93 | 8.93 |
| Sector Breakdown (as of 7/31/10) | |
|---|---|
| Corporate Bonds | 63.61% |
| U.s. Government Agency Obligations | 29.54% |
| U.s. Government Obligations | 3.98% |
| Cash Equivalents & Other | 2.87% |
| Top Ten Holdings (as of 7/31/10) | |||||
|---|---|---|---|---|---|
| Company | Ticker | CUSIP | Number of Shares | Market Value | % of Net Assets |
| FREDDIE MAC | 3128M6EF1 | 1,896,890 | $2,022,923.19 | 3.29% | |
| FANNIE MAE | 31414CS90 | 1,511,651 | $1,630,568.30 | 2.65% | |
| FREDDIE MAC | 3128L6YE3 | 1,392,304 | $1,484,811.77 | 2.42% | |
| BEAR STEARNS CO | 073928S46 | 1,500,000 | $1,420,932.00 | 2.31% | |
| CITIGROUP INC | 172967DS7 | 2,000,000 | $1,398,176.00 | 2.27% | |
| GOVERNMENT NATIONAL MORTGAGE A | 36202EN88 | 1,189,153 | $1,285,221.70 | 2.09% | |
| FREDDIE MAC | 3128M43K7 | 1,129,374 | $1,217,336.35 | 1.98% | |
| FREDDIE MAC | 3128MMCV3 | 1,105,482 | $1,198,554.81 | 1.95% | |
| WESTERN OIL SAND | 959053AD1 | 1,005,000 | $1,114,114.86 | 1.81% | |
| GOVERNMENT NATIONAL MORTGAGE A | 36202EUU1 | 980,166 | $1,074,603.05 | 1.75% | |
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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