The ASM Index 30 Fund, an eight-year-old $25 million no-load fund which mirrors the 30 stocks in the Dow Jones equity index, is looking for a well-financed adviser to help it grow.

According to public documents filed last month, the current adviser, Vector Index Advisors of Tampa, Florida, has told the fund's board of directors that it will no longer be able to subsidize the fund's expenses. Since the fund's inception, Vector has provided $1.8 million to subsidize and hold down expense ratios and it can no longer continue to do so, said Steve Adler, chairman and president of Vector, and chief portfolio manager and director of the fund. The ASM 30 Index fund is Vector's only investment management client.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.