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ASTON Small Cap Fund

 NI
CUSIP 00078H21600078H141
Ticker ATASXATSIX
Share Class Inception 11/30/20001/4/2005
Gross Exp Ratio (%) 1.421.17
Net Exp Ratio (%) 1.351.10
NAV6.016.72
NAV Change (%) 0.17 0.15
Dividend Frequency Annual
Benchmark Russell 2000 Index
Morningstar Category Small Growth

Overall Morningstar Rating

ASTON Small Cap  Shares received a Morningstar rating.

Among 657 Small Growth funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 7/31/16.

Portfolio Managers

Daniel L. Miller, CFA
Daniel L. Miller, CFA

Daniel L. Miller, CFA

Daniel L. Miller, CFA

Portfolio Manager to the Fund since February 2016. Mr. Miller joined GW&K in December 2008 as Partner and Director of Equities, responsible for overseeing all aspects of GW&K’s equity group, including portfolio management, research and trading. Mr. Miller spent 21
years at Putnam Investments, where he was Chief Investment Officer for the Specialty Growth Group from 1996 to 2004. After retiring from Putnam Investments in 2004, Mr. Miller worked as an investment consultant and financial consultant for various companies
from 2004 to 2008.

Joseph C.  Craigen, CFA
Joseph C. Craigen, CFA

Joseph C. Craigen, CFA

Joseph C.  Craigen, CFA

 

At a meeting held on January 11, 2016, the Board of Trustees (the “Board”) of Aston Funds approved the appointment of GW&K Investment Management, LLC (“GW&K”) as subadviser to the ASTON Small Cap Fund (the “Fund”), subject to the approval of shareholders of the Fund. Effective as of February 1, 2016, the Board appointed GW&K as subadviser to the Fund on an interim basis until the shareholder vote is completed. Additional information about the subadvisory agreement with GW&K is available in the Proxy Statement (157 KB, PDF).

Investment Strategy

The ASTON Small Cap Fund focuses on bottom-up stock selection with the goal of identifying companies that possess a sustainable competitive advantage combined with an attractive valuation.

Objective

The Fund seeks to provide long-term capital appreciation.

Risk Considerations

Small- and mid-cap stocks are considered riskier than large-cap stocks due to greater potential volatility and less liquidity.

Fund Stats (as of 6/30/16) N SharesI Shares
Origin Of Information FactsetFactset
Sales Load NoneNone
Total Net Assets (8/25/16)$34,445,891.76$45,685,507.63
Turnover 65%65%
Minimum Investment 2,5001,000,000
Alpha (3 yr.) -6.461.74
Beta (3 yr.) 0.920.15
R-Squared (3 yr.) 91.0813.36
Standard Dev (3 yr.) 14.745.93
Sharpe Ratio (3 yr.) 0.060.47
Current Wtd Average P/E (trailing) 26.2926.29
Current Wtd Average P/B (trailing) 3.223.22
Median Mkt Cap ($Mil) 1,8001,800
Average Wtd Coupon N/AN/A
Effective Maturity N/AN/A
Top 10 Holdings (as of 6/30/2016)
CompanyTickerCUSIPNumber of SharesMarket Value% of Net Assets
Grand Canyon Education Inc LOPE 38526M106 58,178 $2,322,465.76 2.56%
MarketAxess Holdings Inc MKTX 57060D108 15,564 $2,263,005.60 2.50%
Five Below Inc FIVE 33829M101 47,621 $2,210,090.61 2.44%
Ritchie Bros Auctioneers Inc RBA 767744105 63,339 $2,139,591.42 2.36%
WageWorks Inc WAGE 930427109 34,705 $2,075,706.05 2.29%
Burlington Stores Inc BURL 122017106 30,650 $2,044,661.50 2.26%
Pool Corp POOL 73278L105 21,023 $1,976,792.69 2.18%
FEI Co FEIC 30241L109 16,439 $1,757,000.32 1.94%
Power Integrations Inc POWI 739276103 34,708 $1,737,829.56 1.92%
HEICO Corp HEI 422806109 25,032 $1,672,387.92 1.84%
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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