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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.


To provide long-term capital appreciation.



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.

 

Auer Growth Fund (AUERX)

Philosophy
We believe in old-fashioned hard work with our sleeves rolled-up, not computer screening and "quant" models. We trust our eyes and brain more than a black-box computer model. In fact, we don't pick stocks, but rather, stocks pick us since we purchase nearly every stock that meets our qualifications.

We seek stocks with what we feel have a high probability of appreciation vs. a stock that possibly could appreciate "if" some catalyst actually happened. We are only interested in probabilities, not possibilities.

Process
We are a "go anywhere" fund; not limited to certain size companies, specific industries or a particular investment style. To increase our probabilities we seek companies with:

  • 20% quarterly year-over-year revenue growth,
  • 25% quarterly year-over-year earnings growth,
  • Trading at a P/E ratio below 12.

Sell Discipline
If a stock appreciates 100% (doubles) over its purchase price, the issue is sold and replaced with a new name. The Fund does not intend to hold significant cash as long as new stock names can be found that exhibit the growth characteristics and below market price earnings values the managers seek. In other words, unlike many other funds, the managers do not employ any timing or general market sentiment in the portfolio design. Lastly, we treat the Fund like it's our own money, because much of it is.


AUERX Quick Facts

Portfolio Composition:
The Fund typically invests in equity securities, primarily common stocks traded on established U.S. Exchanges and bulletin boards, equity Real Estate Investment Ttrusts (REITs) and American Depository Receipts (ADRs).

Best suited for:
Aggressive investors

Inception date:
December 26, 2007

Ticker:
AUERX

Sales load:
None

Redemption Fee:
1% redemption fee on shares redeemed within 7 calendar days after they are purchased.

Advisor:
SBAuer Funds, LLC

Senior Portfolio Manager:
Robert C. Auer

Minimum Investment:
$2,000


Investments in real estate investment trusts (“REITs”) and real-estate related securities involve  special risks associated with an investment in real estate, such as limited liquidity and interest  rate risks and may be more volatile than other securities. In addition, the value of REITs and other real estate-related investments is sensitive to changes in real estate values, extended vacancies of properties and other environmental and economic factors.

Investments in American Depository Receipts (ADRs) involve special risks such as political stability of the home country as well as inflation and exchange rate volatility.

There is no guarantee that this or any investment strategy will succeed; the strategy is not an indicator of future performance; and investment results may vary.

 

 

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. You may obtain a current copy of the Fund's prospectus by calling 1-888-711-2837 or
download a prospectus here.