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ASTON/Herndon Large Cap Value Fund

CUSIP 00080Y66000080Y595
Share Class Inception 3/31/20103/2/2011
Gross Exp Ratio (%) 1.160.91
Net Exp Ratio (%) 1.140.89
NAV Change (%) 0.72 0.72
Dividend Frequency Annual
Benchmark Russell 1000 Value Index
Morningstar Category Large Blend

Overall Morningstar Rating

ASTON/Herndon Large Cap Value  Shares received a Morningstar rating.

Among 1374 Large Blend funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 4/30/16.

Portfolio Manager

Randell Cain, CFA
Randell Cain, CFA

Randell Cain, CFA

Mr. Cain is a Principal and Portfolio Manager at Herndon Capital Management, and has been the Lead Portfolio Manager of the Fund since its March 2010 inception. Prior to joining Herndon in 2002, he worked as a portfolio manager at NCM Capital for five years. He received a BS from Morehouse College, a Bachelor of Industrial Engineering degree from the Georgia Institute of Technology, an MBA from Harvard Business School, and holds the Chartered Financial Analyst designation.

Investment Strategy

The ASTON/Herndon Large Cap Value Fund invests in large-cap companies, defined by inclusion in the Russell 1000 Index, which are undervalued relative to other companies in the index.


The Fund seeks to provide long-term capital appreciation.

Risk Considerations

Value investing involves buying the stocks of companies that are out of favor or are undervalued. This may adversely affect the Fund's value and return.

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Fund Stats (as of 3/31/16) N SharesI Shares
Origin Of Information FactsetFactset
Sales Load NoneNone
Total Net Assets (5/27/16)$5,947,678.58$79,560,874.49
Turnover *62%62%
Minimum Investment 2,5001,000,000
Alpha (3 yr.) -6.52-6.25
Beta (3 yr.) 1.051.05
R-Squared (3 yr.) 86.8686.70
Standard Dev (3 yr.) 12.8212.82
Sharpe Ratio (3 yr.) 0.270.29
Current Wtd Average P/E (trailing) 13.6213.62
Current Wtd Average P/B (trailing) 1.941.94
Median Mkt Cap ($Mil) 20,40620,406
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
TJX Cos Inc TJX 872540109 46,691 $3,540,111.62 3.97%
Altria Group Inc MO 02209S103 56,164 $3,522,044.44 3.95%
Philip Morris International Inc PM 718172109 32,481 $3,187,035.72 3.58%
CBOE Holdings Inc CBOE 12503M108 50,525 $3,130,529.00 3.51%
Lockheed Martin Corp LMT 539830109 13,083 $3,040,227.54 3.41%
United Parcel Service Inc, Class B UPS 911312106 28,646 $3,009,835.22 3.38%
AbbVie Inc ABBV 00287Y109 45,112 $2,751,832.00 3.09%
S&P Global Inc SPGI 78409V104 25,263 $2,699,351.55 3.03%
American Express Co AXP 25816109 37,217 $2,435,108.31 2.73%
Western Union Co WU 959802109 121,124 $2,422,480.00 2.72%
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.

*Note Regarding Turnover: During the third quarter of 2011, the correction of a trading error caused a significant increase in the portfolio turnover ratio.  Please be assured that the Fund’s NAV and investment performance were not negatively impacted by this error

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