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Aston Value Fund

 NI
CUSIP00078H84400080Y207
TickerRVALXAAVIX
Share Class Inception1/4/19939/20/2005
Gross Exp Ratio (%)1.210.96
Net Exp Ratio (%)1.070.82
NAV8.688.68
% Change 1.40 1.40
Benchmark Russell 1000 Value Index
Morningstar Category Large Value
Regarding the Net Expense Ratio: The Adviser voluntarily waived management fees and/or reimbursed expenses. The Adviser can terminate such voluntary waivers/reimbrusemeents at any time.

Dividend Frequency: Quarterly

Overall Morningstar Rating™

Aston Value Fund Shares received a Morningstar rating.

Among 1116 Large Value funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 7/31/10.

View Entire Rating

Fund Resources

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Portfolio Managers

Steven R. Gorham, CFA
Steven R. Gorham, CFA

Steven R. Gorham, CFA

Steven R. Gorham, CFA

Mr. Gorham joined MFSI in 1989 and became an equity research analyst in 1992. From 1995 through 2000, he worked as an international analyst. He holds an MBA from Boston College and a BS from the University of New Hampshire.

Nevin P. Chitkara
Nevin P. Chitkara

Nevin P. Chitkara

Nevin P. Chitkara

Mr. Chitkara joined MFSI in 1997 as an equity research analyst. He holds an MBA from the MIT Sloan School of Management and a BS in Business Administration from Boston University.

Brooks A. Taylor
Brooks A. Taylor

Brooks A. Taylor

Brooks A. Taylor

Mr. Taylor joined MFSI in 1996 as an equity research analyst and was named a portfolio manager in 2000. He holds an MBA from the University of Pennsylvania and a BA from Yale University.

Jonathan W. Sage, CFA
Jonathan W. Sage, CFA

Jonathan W. Sage, CFA

Jonathan W. Sage, CFA

Mr. Sage joined MFSI in 2000 as a quantitative equity research analyst and was named a portfolio manager in 2005. He holds a BA from Tufts University.

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

Investment Strategy

The Aston Value Fund employs a bottom-up stock-picking process to identify stocks that appear undervalued relative to historical prices and their peers, along with a catalyst to spur future growth.

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 total return through long-term capital appreciation and current income.

Note: Value investing often involves buying the stocks of companies that are currently out of favor that may decline further.

Fund Stats (as of 6/30/10) NI
Origin Of InformationFactsetFactset
Sales LoadNoneNone
Total Fund Assets209,613,641.24209,613,641.24
Turnover3838
Minimum Investment2,5001,000,000
Alpha (3 yr.)0.600.36
Beta (3 yr.)0.870.87
R-Squared (3 yr.)0.960.96
Standard Dev (3 yr.)19.4019.39
Sharpe Ratio (3 yr.)-0.15-0.15
Current Wtd Average P/E (trailing)11.811.8
Current Wtd Average P/B (trailing)1.71.7
Median Mkt Cap ($Mil)40,30040,300
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		23.37%
Energy		12.49%
Industrials		11.86%
Consumer Staples		11.27%
Health Care		10.69%
Information Technology		9.72%
Consumer Discretionary		7.52%
Telecommunication Services		5.24%
Utilities		4.10%
Materials		3.19%
Cash Equivalents & Other		0.55%
Top Ten Holdings (as of 7/31/10)
CompanyTickerCUSIPNumber of SharesMarket Value% of Net Assets
LOCKHEED MARTIN CORP LMT 539830109 112,950 $8,488,192.50 3.78%
PHILIP MORRIS INTERNATIONAL PM 718172109 157,370 $8,032,164.80 3.57%
JPMORGAN CHASE & CO JPM 46625H100 198,310 $7,987,926.80 3.56%
GOLDMAN SACHS GROUP INC GS 38141G104 49,740 $7,501,786.80 3.34%
AT&T INC T 00206R102 274,970 $7,132,721.80 3.17%
CHEVRON CORP CVX 166764100 86,291 $6,576,237.11 2.93%
JOHNSON & JOHNSON JNJ 478160104 97,770 $5,679,459.30 2.53%
NORTHROP GRUMMAN CORP NOC 666807102 95,185 $5,581,648.40 2.48%
WELLS FARGO & CO WFC 949746101 197,340 $5,472,238.20 2.44%
APACHE CORP APA 37411105 55,535 $5,308,035.30 2.36%
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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