Robert C. Auer,
Senior Portfolio Manager

Robert Auer is the founder of SBAuer Funds, LLC and has served as the senior portfolio manager for the Auer Growth Fund since its inception. Bob is a true student of the market and its history. He is focused on the challenge of "building the better mousetrap."

Previously, Bob served as Vice President Investments for Morgan Stanley from 1986 through August of 2007, advising approximately 350 accounts with total assets under management in excess of $100 million. Three times, Bob was awarded the National Sales director award, granted to the top 10% of
Financial Advisors at Morgan Stanley. 

Bob was the lead stock market columnist for the IBJ (Indianapolis Business Journal) responsible for a full page weekly column for 8 years from 1996 to 2004, with over 400 columns in print on many investment topics and lessons. The IBJ has been recognized consistently as one of the top local weekly business publications in the United States. 

On the national Scholastic Aptitude Test (SAT) for mathematical ability, Bob scored in the top 1% in the nation of college-bound students. He holds a BS in Business/Systems from Taylor University, 1983. Robert lives in Carmel, Indiana with his wife and their two sons.

The Fund seeks to achieve its objective by investing primarily in a diversified portfolio of common stocks traded on major U.S. exchanges that the advisor believes present the most favorable potential for capital appreciation.

The Fund's advisor will use a multi-cap strategy without regard to whether the securities are conventionally categorized as large-, mid-, small- or micro-cap, or whether they are generally categorized as growth or value stocks.

Total Gross Expense Ratio: 2.32%

*Inception: 12/28/07

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.

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

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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