Research & Portfolio Selection

On average, ASF will hold 8-15 distinctly different exposures in the portfolio. These holdings will be enhanced by using individual equities and bonds that will help cover all asset classes and include tactical holdings in specific target areas.

Holdings in client accounts will consist of the following:

• Pure no-load funds
• Exchange Traded Funds (ETF’s) and individual stocks
• Experienced portfolio managers with proven, consistent, above benchmark performance in both up and down market environments
• Pure style consistency and adherence to the fund's investment objective
• Fundamental value to each equity and fixed income purchase.

ASF monitors the funds and individual securities by:

• Daily tracking performance against relevant benchmarks
• Periodic conference call and meetings with manager/CFO to discuss market conditions and portfolio/stock changes
• Assessing any changes in portfolio managers and/or investment company mergers
• Using target limits and stop/loss orders to help with buy and sell disciplines