Aston Asset Management has added a new mutual fund to its family of funds, the ASTON/River Road Dividend All Cap Value Fund II (tickers:ADVTX N-Class)(tickers:ADIVX I-Class). The Fund opened to investors on 27 June, 2012.
Aston will act as the investment adviser to the new Fund, while River Road Asset Management (River Road) will act as subadviser, responsible for the day-to-day management of the Fund. River Road is an institutional asset management firm based in Louisville, KY, specialising in value-oriented equity investment management.
"In order to preserve the integrity of the investment process, we needed to soft-close the ASTON/River Road Dividend All Cap Value Fund in December 2011," says Stuart D Bilton (pictured), Chairman and Chief Executive Officer of Aston. "The closure was met with some disappointment from our clients. So, it is with great pleasure that we are now opening the ASTON/River Road Dividend All Cap Value Fund II, which will have a very similar investment strategy, but will typically exclude securities with a market capitalisation of under USD1 billion."
The Fund seeks to provide long-term capital appreciation and high current income. It invests in a diversified, all-cap portfolio of income-producing equity securities resulting in a portfolio yield that management believes will exceed the Russell 3000 Value Index.
The portfolio managers of the Fund are Henry W. Sanders III, CFA, Executive Vice President and Senior Portfolio Manager of River Road, Thomas S. Forsha, CFA, Vice President and Portfolio Manager of River Road, and James C. Shircliff, CFA, Chief Investment Officer of River Road.
"We have enjoyed a long and beneficial relationship with Aston," says R Andrew Beck, President and Chief Executive Officer of River Road. "We are very pleased to be partnering with them on the ASTON/River Road Dividend All Cap Value Fund II. This will be the sixth fund that we have opened together."