Indiana-based SBAuer Funds launched its inaugural mutual fund today. The Auer Growth Fund (AUERX) is managed by father and son team Bryan and Robert Auer. The Auer's have employed the stock selection system to be used by the fund for the last 20 years.
The fund, which looks for stocks poised to double within a year, is best suited to aggressive investors.
"While we are a new fund," said SBAuer Fund, LLC, founder Robert Auer, "our approach has been time-tested for two decades with our personal investments. Our previous performance which was verified by an independent accounting firm on our personal accounts would have exceeded the best mutual funds track records for the previous 10 year period, and exceeded the S&P 500 annual performance by over 20% per year.
The Auers plan to actively manage the fund, anticipating turnover of 200% or an average holding time of six months. Their proprietary multi-step stock screening process looks for companies exhibiting specific characteristics which the Auers believe is indicative of 100% growth within 12 months. "From our analyses of over 9000 stocks each quarter, we select what we believe to be the fastest growing companies at extraordinarily low prices that meet our specific growth criteria and valuation characteristics. Already this year, 47 stocks in our portfolio of 200 have doubled," said Auer.
By focusing on individual stocks that are undervalued with strong growth potential, the fund is poised to offer investors a good alternative for their money whether the market is up or down. The strategy is highly disciplined and repeatable, requiring stocks meet a number of established criteria, regardless of style or company size. Historically, this screening process has discovered future winners long before the market. In addition, the managers employ a strong sell-discipline to minimize loss and free capital for new, high-potential positions.
Robert and Bryan Auer are jointly responsible for portfolio management. Robert Auer was vice president of investments at Morgan Stanley from 1986 and 2007 where he managed 350 accounts valued at over $100 million each. From 1996-2004, his stock market column, "Bulls and Bears" appeared weekly with over 400 investment columns written on a wide variety of investment topics in the Indianapolis Business Journal.
Bryan Auer, analyst for the firm, developed the fund's investment processes in 1986, employing it for his personal accounts since that time. He previously founded and owned a chemical specialty business.
The Auers have seeded the launch by investing their own assets into the fund. Investments in the fund require a minimum initial investment of $10,000 and can be made through E*Trade, Fidelity, TD Ameritrade and Scottrade.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. -- SOURCE SBAuer Funds
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