ASTON/River Road Independent Value Fund
|Share Class Inception||12/31/2010||6/1/2011|
|Gross Exp Ratio (%)||1.46||1.21|
|Net Exp Ratio (%)||1.42||1.17|
|NAV Change (%)||0.10||0.20|
|Benchmark||Russell 2000 Value Index|
|Morningstar Category||Small Value|
Overall Morningstar Rating™
Among 365 Small Value funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 9/30/15.
Eric Cinnamond, CFA
Eric Cinnamond, CFA
Mr. Cinnamond is a Vice President of River Road Asset Management, and has been the Portfolio Manager of the Fund since its December 2010 inception. Prior to joining the firm, he served as a portfolio manager at Intrepid Capital Management from 1998 to 2010. He received his BBA in Finance from Stetson University, his MBA from the University of Florida, and he holds the Chartered Financial Analyst designation.
The Fund employs bottom-up fundamental research in seeking strong businesses trading for less than their intrinsic value. The portfolio manager generally emphasizes a high quality portfolio and seeks absolute returns while minimizing downside portfolio risk. As a result, the Fund’s returns may vary significantly from its benchmark index.
The Fund seeks to provide long-term total return.
Small- and Mid-cap stocks are considered riskier than large-cap stocks due to greater potential volatility and less liquidity. Value investing often involves buying the stocks of companies that are currently out of favor that may decline further.
|Fund Stats (as of 9/30/15)||N Shares||I Shares|
|Origin Of Information||BNY Mellon/ FactSet||BNY Mellon/ FactSet|
|Total Net Assets (11/30/15)||$237,689,462.70||$107,411,814.18|
|Alpha (3 yr.)||-1.91||-1.63|
|Beta (3 yr.)||0.19||0.19|
|R-Squared (3 yr.)||20.26||19.36|
|Standard Dev (3 yr.)||5.49||5.56|
|Sharpe Ratio (3 yr.)||-0.02||0.03|
|Current Wtd Average P/E (trailing)||16.55||16.55|
|Current Wtd Average P/B (trailing)||0.79||0.79|
|Median Mkt Cap ($Mil)||986||986|
|Average Wtd Coupon||N/A||N/A|
|Sector Breakdown (as of 10/31/15)|
|Cash Equivalents & Other||85.43%|
|Top 10 Holdings (as of 10/31/15)|
|Company||Ticker||CUSIP||Number of Shares||Market Value||% of Net Assets|
|PAN AMERICAN SILVER CORP||PAAS||697900108||1,455,048||$11,014,713.36||3.07%|
|ALAMOS GOLD INC||AGI||11532108||2,844,511||$10,922,922.24||3.04%|
|EMPIRE DISTRICT ELECTRIC CO/THE||EDE||291641108||415,028||$9,358,881.40||2.61%|
|NEW GOLD INC||NGD||644535106||2,730,237||$6,689,080.65||1.86%|
|QEP RESOURCES INC||QEP||74733V100||196,713||$3,041,182.98||0.84%|
|BENCHMARK ELECTRONICS INC||BHE||08160H101||103,367||$2,044,599.26||0.57%|
|BALDWIN & LYONS INC||BWINB||57755209||74,160||$1,722,736.80||0.48%|
|CSG SYSTEMS INTERNATIONAL INC||CSGS||126349109||50,740||$1,700,804.80||0.47%|
|SYKES ENTERPRISES INC||SYKE||871237103||57,398||$1,664,542.00||0.46%|
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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