Morningstar l Download a fact sheet
Performance
| Total Returns as of 1/31/12
|
Average Annualized Returns as of 12//31/2011
|
| |
Month ended
1//31/12 |
|
YTD through
1/31/12 |
1 Year |
3 Years |
Since Inception
12/26/07 |
| Auer Growth Fund |
8.30% |
14.46% |
8.30% |
-15.87% |
7.91% |
-12.74% |
| S&P 500 |
4.48% |
-11.80% |
4.48% |
2.09% |
14.41% |
-1.75% |
Russell 2000
Value Index |
6.65% |
15.97% |
6.65% |
-5.50% |
12.36% |
0.07% |
| Total Gross Expense Ratio:1.73%
|
Performance quoted represents past performance which is no guarantee of future results. Current performance may be lower or higher than what is stated. Investment return and principal value will vary with market conditions so that an investor’s share, when redeemed, may be worth more or less than the original cost. For current to most recent month-end performance, please call us at 1-888-711-2837. The Fund imposes a 1% redemption fee on proceeds redeemed or exchanged within 7 days of purchase. The performance illustrated does not include the effect of the redemption charge. If it did, performance would have been lower.
Portfolio Characteristics*
Capitalization Exposure as of 12/31/11
| Common Stock |
85.58% |
| Cash |
1.52% |
|
| Foreign Stocks |
12.90% |
Portfolio Attributes as of 12/31/11
| |
AUERX |
| P/E Ratio (Forward) |
7.93 |
| Long-Term Earnings |
13.01% |
| Price/Book |
1.70 |
| Book Value Growth |
1.28% |
| Price/Sales |
0.69 |
| Sales Growth |
-3.26% |
| Price/Cash Flow |
6.03 |
| Cash-Flow Growth |
-16.97% |
| Median Market Cap |
3,060 mil |
Total Assets, millions: $131.3
Number of Holdings: 104
Largest Holdings as of 12/31/11
| Steel Dynamics, Inc. |
5.66% |
| Cliffs Natural Resources, Inc. |
4.81% |
| Basic Energy Services, Inc. |
4.80% |
| Mosaic Co. |
4.51% |
| AuRico Gold, Inc. |
4.23% |
| Fifth Third Bankcorp |
4.13% |
| Agrium, Inc. |
4.04% |
| Kronos Worldwide, Inc. |
3.96% |
| Primoris Services Corp. |
3.34% |
| C&J Energy Services Inc. |
2.64% |
*Source Morningstar. The portfolio is actively managed. Holding and weightings are subject to change daily. Holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned. Fund composition is based on net assets.
The S&P 500 Index is a widely recognized unmanaged index of equity prices and are representative of a broader market and range of securities than is found in the Fund’s portfolio. The Index returns do not reflect the deduction of expenses, which have been deducted from the Fund’s returns. The Index return assumes reinvestment of all distributions and does not reflect the deduction of taxes and fees.
Russell 2000 Value Index measures the performance of small-cap value segment of the U.S. equity universe. It includes those Russell 2000 Index companies with lower price-to-book ratios and lower forecasted growth values
*The portfolio is actively managed. Holdings and weightings are subject to change daily and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned. Fund composition is based on net assets. Source: Morningstar, Inc.
Small-cap and mid-cap investing involves greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.
Stocks of micro-capitalization companies are more volatile, less
liquid, involve substantial risks, and are subject to more abrupt
or erratic movements than small, mid or large capitalization
companies.
As a result of political or economic instability in foreign countries, there can be special risks associated with
investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility
and difficulty obtaining information.
Many individual securities may be riskier than the market and experience abrupt short-term price movement and may result in possible loss of money on your investment. The Fund’s net asset value, yield and total return may be affected by such movements.
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