Aston to Launch New Emerging Markets Fund
ASTON/LMCG Emerging Markets Fund
View Prospectus (491 KB, PDF)
The Fund seeks to provide long-term capital appreciation.
Principal Investment Strategies
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in equity securities of emerging market companies. The Fund determines emerging market companies based on the security’s country classification assigned by MSCI, which categorizes certain countries as emerging markets based on a number of factors. MSCI generally determines a security’s country classification by the country of incorporation of the issuing company and the primary listing of the security. Securities of exchange-traded funds (“ETFs”) which track an emerging market index will be considered emerging market securities for purposes of this investment policy. Emerging market countries may be located in such regions as Asia, Latin America, the Middle East, Southern Europe, Eastern Europe and Africa.
The Fund invests primarily in common stocks from the universe of companies in the MSCI Emerging Markets Index, utilizing the proprietary, fundamentally-based, quantitative investment process of Lee Munder Capital Group, LLC (“LMCG” or the “Subadviser”). The Fund may also invest in depositary receipts representing securities from the universe of the MSCI Emerging Markets Index. The Subadviser’s transparent, risk-controlled investment process seeks to identify stocks with good growth prospects and high quality of earnings through a proprietary stock selection and ranking methodology. The investment methodology evaluates three broad metrics: (i) market dynamics, (ii) value and (iii) quality. For market dynamics, stocks are ranked on earnings growth prospects and relative strength. For value, stocks are evaluated on relative value using valuation measures such as price/book, price/earnings, dividend yield and cash/price. For quality, a company’s earnings quality is assessed as well as its operating efficiency and use of capital. The methodology seeks to construct a portfolio that is balanced across these metrics. The Subadviser uses a bottom-up approach to select stocks and evaluate quantitative data.
Subject to minimum capitalization and liquidity constraints, the Fund may invest in securities of any market capitalization. Allocating a significant portion of the portfolio to particular countries, regions and industries is a residual of the investment process. Accordingly, the Fund may at times have a significant portion of its portfolio invested in one country, region or industry, or in a group of related countries, regions or industries.
The Fund is newly formed and does not have an operating history. You could lose money by investing in the Fund. Emerging Markets securities tend to be more volatile and less liquid than securities traded in developed countries. Foreign securities involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls. The Fund invests in exchange traded funds (ETFs) which are securities of other investment companies. An ETF seeks to track the performance of an index by holding all, or a sampling, of the securities of that index and may not be able to exactly replicate the performance it seeks to track. Shareholders of the Fund bear their proportionate share of the other investment company fees and expenses as well as their share of the Fund fees and expenses. Securities of Real Estate Investment Trusts (REITs) may be affected by changes in the value of their underlying properties and by borrowers or tenants. Small-cap and Mid-cap company stocks are considered riskier than large-cap stocks due to greater potential volatility and less liquidity.
THE ASTON/LMCG EMERGING MARKETS FUND IS NOT AVAILABLE FOR INVESTMENT AT THIS TIME.
REGISTRATION STATEMENTS RELATING TO THE FUND HAVE BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, BUT HAVE NOT YET BECOME EFFECTIVE AND ARE SUBJECT TO CHANGE.
SHARES OF THE FUND MAY NOT BE SOLD, NOR MAY OFFERS TO BUY BE ACCEPTED, PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE.
THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO SELLOR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALES OF THE FUND’S SHARES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH STATE.
AS NOTED IN THE FILINGS, THE FUND IS TENTATIVELY SCHEDULED TO LAUNCH END OF MARCH 2013. PLEASE VISIT THIS WEBSITE FOR FUTURE UPDATES ON THE FUND.
NO OFFER TO BUY THE SECURITIES OF THE ASTON/RIVER ROAD DIVIDEND ALL CAP VALUE FUND II CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE REGISTRATION STATEMENT HAS BECOME EFFECTIVE, AND ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME PRIOR TO NOTICE OF THIS ACCEPTANCE GIVEN AFTER THE EFFECTIVE DATE.
You should consider the investment objective, risks, charges and expenses of the funds carefully before investing. A preliminary prospectus with this and other information about the fund can be obtained at the top of the page or by calling 800-992-8151. The preliminary prospectus is incomplete and subject to change. Please read the final prospectus or summary prospectus carefully before investing. Aston Funds are distributed by Foreside Funds Distributors LLC.