Huntington Asset Advisors (HAA), a wholly-owned subsidiary of Huntington Bank (NASDAQ: HBAN;
), announces that the Situs Fund continues to perform above its benchmark on the 10-year anniversary of its inception. Launched in third quarter 2002, the Fund’s unique approach to investing is designed to offer investors a portfolio comprised of both U.S. and foreign companies whose situs, or geographical location, gives a competitive advantage and the potential to outperform.
Situs looks for critical advantages in regions, both domestic and foreign, that include favorable political, social or economic conditions and population demographics. Both Class A Shares (Ticker: HSUAX) and Trust Shares (Ticker: HSUTX) are available.
“By focusing on a strategic combination of U.S. and foreign companies, whose geographical locations offer a variety of competitive advantages, the Situs Fund has given investors a potent combination of diversification and above average returns,” said Huntington’s chief investment officer and Situs Fund manager, Randy Bateman. “For those who have long-term investment goals, and seek to complement their large-company stock holdings with a more aggressive approach to equity investing, the Situs Fund can help provide that counterbalance.”
This unique approach has proven successful over its 10-year lifetime. As of September 30, 2012, the Fund has a Four-Star Morningstar Rating™ for the overall time period in the Mid-Cap Blend category out of 373 funds. With net assets of $212 million, the Situs Trust shares reached a total return of 8.43 percent for the quarter ending September 30, 2012. This compares to the 5.40 percent return of the S&P Small Cap Index (S&P 600) and the 5.44 percent achieved by the S&P 400 Mid Cap Index for the same period. In absolute terms, for the same period, the Fund has generated a 17.26 percent return in 2012 to date. Situs also ranked in the top quartile for the 1-, 3-, and 10-year time periods by Lipper in the Small Cap Blend category. For each respective time period the Fund ranked 118 out of 712, 104 out of 626 and 46 out of 322 funds, respectively.