Skip to navigation
A A A

ASTON/Anchor Capital Enhanced Equity Fund

 NI
CUSIP 00080Y75100080Y694
Ticker AMBEXAMDSX
Share Class Inception 1/15/20083/3/2010
Gross Exp Ratio (%) 1.190.94
Net Exp Ratio (%) 1.190.94
30 Day Yield (04/30/16) 2.60 2.84
NAV8.768.77
NAV Change (%) 0.34 0.34
Dividend Frequency Quarterly
Benchmark S&P 500 Index
Morningstar Category Option Writing

Overall Morningstar Rating

ASTON/Anchor Capital Enhanced Equity  Shares received a Morningstar rating.

Among 54 Option Writing funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 4/30/16.

Portfolio Managers

Ronald L.  Altman
Ronald L. Altman

Ronald L. Altman

Ronald L.  Altman

Mr. Altman is a Senior Vice President at Anchor Capital Advisors, LLC, and has been the Lead Portfolio Manager of the Fund since its January 2008 inception. Prior to Anchor Capital, he was a portfolio manager at M.D. Sass Investors Services, Inc. and a Partner and portfolio manager at MB Investment Partners, Inc. Mr. Altman has more than 40 years of experience in the investment research and money management business in various positions.

Adam  Neves
Adam Neves

Adam Neves

Adam  Neves

Mr. Neves is an Assistant Vice President at Anchor Capital Advisors, LLC, and has been a Co-Portfolio Manager of the Fund since February 2014. Prior to joining Anchor Capital as a trader for the enhanced equity strategy in June 2012, he was a European institutional equity salesperson for Canaccord Genuity. Previously, he had worked alongside Mr. Altman on the enhanced equity strategy while at MB Investment Partners, Inc. Mr. Neves received his B.S. in Business Administration from Northeastern University in 2005.

David  Watson
David Watson

David Watson

David  Watson

Mr. Watson is a Senior Vice President of Anchor Capital Advisors, LLC, and has been a Co-Portfolio Manager of the Fund since February 2014. He has been with Anchor Capital since 2001 as an analyst for the firm’s various strategies. He received his B.S. in Industrial Engineering from Lehigh University in 1985, and his MBA in Finance from the University of California in 2000.

Investment Strategy

The ASTON/Anchor Capital Enhanced Equity Fund seeks total return by investing in dividend-paying stocks and writing covered call options on a substantial portion of the underlying portfolio.

Objective

The Fund seeks total return through a combination of a high level of current income and capital appreciation.

Alternatives At a Glance Brochure (96 KB, PDF)

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.  

Risk Considerations

By selling covered call options, the Fund limits its opportunity to profit from an increase in the price of the underlying stock above the exercise price, but continues to bear the risk of a decline in the value of the underlying stock. A liquid market may not exist for options held by the Fund. If the Fund is not able to close out an options transaction, it will not be able to sell the underlying security until the option expires or is exercised. While the Fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below a stock's current market price. Premiums from the Fund's sale of call options typically will result in short-term capital gain taxes, making it ill-suited for investors seeking a tax efficient investment.

Fund Stats (as of 3/31/16) N SharesI Shares
Origin Of Information FactsetFactset
Sales Load NoneNone
Total Net Assets (5/27/16)$52,303,313.97$44,684,564.80
Turnover 33%33%
Minimum Investment 2,5001,000,000
Alpha (3 yr.) -2.17-1.89
Beta (3 yr.) 0.470.47
R-Squared (3 yr.) 58.5658.43
Standard Dev (3 yr.) 7.007.01
Sharpe Ratio (3 yr.) 0.480.52
Current Wtd Average P/E (trailing) 13.8213.82
Current Wtd Average P/B (trailing) 1.831.83
Median Mkt Cap ($Mil) 25,96625,966
Average Wtd Coupon N/AN/A
Effective Maturity N/AN/A
Top 10 Holdings (as of 4/30/16)
CompanyTickerCUSIPNumber of SharesMarket Value% of Net Assets
Ford Motor Co F 345370860 420,000 $5,695,200.00 5.48%
Staples Inc SPLS 855030102 550,000 $5,610,000.00 5.40%
General Motors Co GM 37045V100 168,200 $5,348,760.00 5.15%
Schlumberger Ltd SLB 806857108 65,000 $5,222,100.00 5.03%
Macy's Inc M 55616P104 129,000 $5,107,110.00 4.92%
AT&T Inc T 00206R102 130,000 $5,046,600.00 4.86%
Verizon Communications Inc VZ 92343V104 97,500 $4,966,650.00 4.78%
PPL Corp PPL 69351T106 130,000 $4,893,200.00 4.71%
FirstEnergy Corp FE 337932107 140,000 $4,562,600.00 4.39%
Exelon Corp EXC 30161N101 130,000 $4,561,700.00 4.39%
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.

Designed and created by DDM Marketing & Communications.