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Dec 7 2012

AdvisorOne - Alternatives Myth-Busting: Can Alts Dampen Risk?

Alternatives Myth-Busting: Can Alts Dampen Risk?

Rick Lake, portfolio manager of the ASTON/Lake Partners LASSO Alternatives Fund discusses Alternative investing at a recent Alternative Roundtable panel discussion in New York City.

Read Full Article Here

Aston Funds has no editorial control over the content of the interview, subject matter, and timing of the interview and is independent of AdvisorOne, Direxion and Salient Partners Cogent Research and Natixis Global Asset Management.  Opinions are as of the date of the panel discussion and are subject to change at any time based on market or other conditions.

Annualized Total Returns
as of June 30, 20131 Year3 YearSince InceptionInception Date
ASTON/Lake Partners LASSO Alternatives Fund I Class8.91%6.85%7.84%4/1/2009
ASTON/Lake Partners LASSO Alternatives Fund N Class8.64%6.62%5.02%3/3/2010
HFRX Equity Hedge Index7.90%-0.12%1.67%4/1/2009
Morningstar Multialternative Category3.08%3.26%5.78%4/1/2009

As of 9/30/2012, the ASTON/Lake Partners LASSO Alternatives Fund I class returned 9.60% for the one year and 7.65% since inception.  The N class returned 9.37% for the one year and 4.04% since inception.

The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor’s shares, upon redemption, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For performance data current to the most recent month-end, please visit our website at www.astonfunds.com.  The Class I gross expense ratio is 3.06%, the net expense ratio after deducting acquired fund fees and expenses is 1.20%.The Class N gross expense ratio is 3.31%, the net expense ratio after deduction acquired fund fees and expenses is 1.45%.The Adviser is contractually obligated to waive management fees and/or reimburse ordinary expense through February 28, 2014. The Fund’s net expense ratio excludes acquired fund fees and expenses of 1.86%.

The Morningstar Multialternative Category figures allow for a direct comparison of a fund’s performance within its Morningstar Category.

The HFRX Equity Hedge Index is an unmanaged Index designed to measure daily performance representative of long-short equity hedge funds.  Source:  Hedge Fund Research, Inc. (HFR).  Indices are adjusted for the reinvestment of capital gains and income dividends.  Individuals may not invest in an index.

Note:  The Fund also incurs the risks of the underlying funds it invests in. Potential risks include the use of aggressive investment techniques and instruments such as options and futures, derivatives, commodities, credit-risk, and short-sales that taken alone are generally considered riskier than conventional market strategies.  Use of these aggressive investment techniques may expose an underlying fund to potentially dramatic changes (losses) in the value of its portfolio. Short sales may involve the risk that an underlying fund will incur a loss by subsequently buying a security at a higher price than the price at which the fund previously sold the security short. Volatility is found by calculating the annualized standard deviation of daily change in price.  Drawdown helps to determine the peak-to-trough decline during a specific period of an investment quoted as the percentage between the peak the trough. Stop loss guidelines are designed to limit an investor’s loss on a security position. It is a practice of selling a security when it reaches a certain price. Beta is a measure of risk which shows a fund’s volatility relative to its benchmark index.  Alpha measures the difference between a fund’s actual returns and its expected performance, given its level of risk.

 

Parameters set by the Subadviser are not a fundamental policy of the Fund and are subject to change at any time.

Before investing, carefully consider the fund’s investment objectives, risks, charges and expenses. Contact 800-992-8151 for a prospectus or a summary prospectus containing this and other information. Read it carefully.

Aston Funds are distributed by Foreside Funds Distributors LLC.

The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares upon redemption may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For performance data current to the most recent quarter-end, please click on the Quarterly Performance link at the top of the page.

For periods less than one-year, total returns are reported; for periods more than one-year, average annual total returns are reported.

(1) Certain expenses were subsidized. If these subsidies were not in effect, the returns would have been lower. The adviser is contractually obligated to waive management fees and/or reimburse expenses through February 28, 2015.

(2) Net expense ratio excludes acquired fund fees. For the ASTON/Lake Partners LASSO Alternatives Fund the acquired fund fees are: N Share 1.77%, I Share 1.77%.

(3) Voluntary fee waivers are applied and can be terminated by the adviser at any time.

(4) There is a redemption fee of 2% (as a percentage of the amount redeemed) on shares that are sold or exchanged within 90 calendar days of purchase.
As of: 7/30/2014 Class TickerNAV% ChangeYTDNet Assets
Large Cap
ASTON/Cornerstone Large Cap Value2N (RVALX)RVALX15.390.074.34$60,673,713.80
 I (AAVIX)AAVIX15.420.064.47$104,668,564.17
  Total:$165,342,277.97
ASTON/Herndon Large Cap Value1,2N (AALIX)AALIX15.09-0.204.07$32,236,270.06
 I (AHRNX)AHRNX15.12-0.204.20$142,134,454.62
  Total:$174,370,724.68
ASTON/Montag & Caldwell Growth2N (MCGFX)MCGFX29.160.103.37$1,932,624,020.36
 I (MCGIX)MCGIX29.340.073.49$2,770,796,537.32
 R (MCRGX)MCRGX28.790.073.15$8,432,247.35
  Total:$4,711,852,805.03
ASTON/TAMRO Diversified Equity1N (ATLVX)ATLVX18.120.505.23$27,094,791.37
 I (ATDEX)ATDEX18.180.505.45$29,408,919.58
  Total:$56,503,710.95
As of: 7/30/2014 Class TickerNAV% ChangeYTDNet Assets
Equity Income
ASTON/River Road Dividend All Cap Value2N (ARDEX)ARDEX13.870.143.84$443,346,543.71
 I (ARIDX)ARIDX13.870.224.05$795,832,038.11
  Total:$1,239,178,581.82
ASTON/River Road Dividend All Cap Value II1,2N (ADVTX)ADVTX13.450.073.96$7,019,689.92
 I (ADIVX)ADIVX13.460.074.16$115,991,716.55
  Total:$123,011,406.47
As of: 7/30/2014 Class TickerNAV% ChangeYTDNet Assets
Mid Cap
ASTON/Fairpointe Mid CapN (CHTTX)CHTTX48.180.969.58$2,567,246,409.30
 I (ABMIX)ABMIX49.020.959.74$3,444,267,189.52
  Total:$6,011,513,598.82
ASTON/Montag & Caldwell Mid Cap Growth1,2N (AMCMX)AMCMX11.430.350.09$9,296,952.54
 I (AMMCX)AMMCX11.430.35N/A$1,861,993.26
  Total:$11,158,945.80
As of: 7/30/2014 Class TickerNAV% ChangeYTDNet Assets
Small Cap
ASTON/LMCG Small Cap Growth1,2N (ACWDX)ACWDX14.081.661.81$31,741,300.20
 I (ACWIX)ACWIX14.191.722.01$8,905,007.22
  Total:$40,646,307.42
ASTON/River Road Independent Value1,2N (ARIVX)ARIVX11.46-0.262.60$307,086,369.10
 I (ARVIX)ARVIX11.55-0.262.76$402,707,647.61
  Total:$709,794,016.71
ASTON/River Road Select Value2N (ARSMX)ARSMX8.920.56-0.89$10,691,560.05
 I (ARIMX)ARIMX9.010.45-0.77$187,094,266.87
  Total:$197,785,826.92
ASTON/River Road Small Cap Value2N (ARSVX)ARSVX13.630.44-2.29$50,789,038.59
 I (ARSIX)ARSIX13.690.44-2.21$229,206,053.91
  Total:$279,995,092.50
ASTON/Silvercrest Small Cap1,2N (ASCTX)ASCTX14.59-0.21-1.29$4,191,870.73
 I (ACRTX)ACRTX14.65-0.20-1.15$50,767,731.60
  Total:$54,959,602.33
ASTON/TAMRO Small CapN (ATASX)ATASX21.230.24-5.52$437,057,863.51
 I (ATSIX)ATSIX21.870.23-5.41$590,770,798.26
  Total:$1,027,828,661.77
As of: 7/30/2014 Class TickerNAV% ChangeYTDNet Assets
Fixed Income
ASTON/DoubleLine Core Plus Fixed Income1,2N (ADBLX)ADBLX10.88-0.275.93$41,039,849.13
 I (ADLIX)ADLIX10.88-0.276.16$90,118,425.46
  Total:$131,158,274.59
ASTON/TCH Fixed Income1,2N (CHTBX)CHTBX10.88-0.275.21$37,061,892.96
 I (CTBIX)CTBIX10.88-0.275.34$15,000,045.01
  Total:$52,061,937.97
As of: 7/30/2014 Class TickerNAV% ChangeYTDNet Assets
Alternative
ASTON/Anchor Capital Enhanced EquityN (AMBEX)AMBEX9.490.212.65$108,604,836.79
 I (AMDSX)AMDSX9.500.212.77$88,478,814.82
  Total:$197,083,651.61
ASTON/Lake Partners LASSO Alternatives1,2N (ALSNX)ALSNX13.790.002.53$44,419,896.34
 I (ALSOX)ALSOX13.840.002.75$470,998,232.18
  Total:$515,418,128.52
ASTON/River Road Long-Short1,2,5N (ARLSX)ARLSX11.970.080.25$124,926,892.25
 I (ALSIX)ALSIX12.020.170.50$136,417,247.47
  Total:$261,344,139.72
As of: 7/30/2014 Class TickerNAV% ChangeYTDNet Assets
Global/International
ASTON/Barings International1,2,4N (ABARX)ABARX7.41-0.130.68$393,280.45
 I (ABIIX)ABIIX7.42-0.270.68$24,940,229.50
  Total:$25,333,509.95
ASTON/Guardian Capital Global DividendN (AGCNX)AGCNX10.48-0.47N/A$1,048,310.44
 I (AGCDX)AGCDX10.49-0.38N/A$3,158,951.45
  Total:$4,207,261.89
ASTON/LMCG Emerging Markets1,4N (ALEMX)ALEMX9.940.207.81$729,042.74
 I (ALMEX)ALMEX9.960.207.91$3,314,691.70
  Total:$4,043,734.44
ASTON/Pictet InternationalN (APINX)APINX10.09-0.30N/A$1,046,080.72
 I (APCTX)APCTX10.09-0.39N/A$9,134,063.98
  Total:$10,180,144.70
As of: 7/30/2014 Class TickerNAV% ChangeYTDNet Assets
Sector
ASTON/Harrison Street Real Estate1,4N (ARFCX)ARFCX12.13-0.2513.37$12,783,472.61
 I (AARIX)AARIX12.06-0.2513.56$690,093.38
  Total:$13,473,565.99
As of: 7/30/2014 Class TickerNAV% ChangeYTDNet Assets
Balanced
ASTON/Montag & Caldwell Balanced1,2N (MOBAX)MOBAX24.41-0.043.03$20,955,617.90
 I (MOBIX)MOBIX24.33-0.083.09$1,769,050.44
  Total:$22,724,668.34
The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares upon redemption may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For performance data current to the most recent quarter-end, please click on the Quarterly Performance link at the top of the page.

For periods less than one-year, total returns are reported; for periods more than one-year, average annual total returns are reported.

(1) Certain expenses were subsidized. If these subsidies were not in effect, the returns would have been lower. The adviser is contractually obligated to waive management fees and/or reimburse expenses through February 28, 2015.

(2) Net expense ratio excludes acquired fund fees. For the ASTON/Lake Partners LASSO Alternatives Fund, the net expense ratio excludes acquired fund fees and expenses of 1.77% for both the N and I class, respectively.

(3) Voluntary fee waivers are applied and can be terminated by the adviser at any time.

(4) There is a redemption fee of 2% (as a percentage of the amount redeemed) on shares that are sold or exchanged within 90 calendar days of purchase.

(5) The total operating expenses are 2.43% for Class-N and 2.18% for Class-I. Total operating expenses includes dividend and interest expense on short sales of 0.68% and acquired fund fees of 0.05%, which are not included in the net expense ratio.
As of: 6/30/2014 Class 1
MO
3
MO
YTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Large Cap
ASTON/Cornerstone Large Cap Value2N (RVALX)1.202.292.9821.0514.6916.128.058.241/4/19931.491.30
 I (AAVIX)1.202.363.0521.4014.9816.44N/A7.569/20/20051.241.05
ASTON/Herndon Large Cap Value1,2N (AALIX)1.012.593.7921.7412.38N/AN/A13.443/31/20101.311.30
 I (AHRNX)1.002.733.9322.1212.68N/AN/A12.933/2/20111.061.05
ASTON/Montag & Caldwell Growth2N (MCGFX)0.664.793.2318.8813.4114.577.159.3311/2/19941.051.04
 I (MCGIX)0.694.873.3519.1713.6814.857.437.826/28/19960.800.79
 R (MCRGX)0.634.703.0418.5813.1314.276.897.7812/31/20021.301.29
ASTON/TAMRO Diversified Equity1N (ATLVX)2.874.466.1624.7013.3917.367.856.9511/30/20001.461.20
 I (ATDEX)2.864.516.3225.03N/AN/AN/A16.613/2/20121.210.95
As of: 6/30/2014 Class 1
MO
3
MO
YTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Equity Income
ASTON/River Road Dividend All Cap Value2N (ARDEX)2.474.274.6718.1014.5718.01N/A8.786/28/20051.101.09
 I (ARIDX)2.494.414.8718.4914.8918.34N/A6.496/28/20070.850.84
ASTON/River Road Dividend All Cap Value II1,2N (ADVTX)2.464.414.7417.98N/AN/AN/A19.606/27/20121.381.30
 I (ADIVX)2.484.404.8618.26N/AN/AN/A19.886/27/20121.131.05
As of: 6/30/2014 Class 1
MO
3
MO
YTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Mid Cap
ASTON/Fairpointe Mid CapN (CHTTX)4.085.2010.3330.3018.6425.0711.4113.599/19/19941.121.11
 I (ABMIX)4.115.2710.4830.6518.9525.38N/A11.887/6/20040.870.86
ASTON/Montag & Caldwell Mid Cap Growth1,2N (AMCMX)2.02-0.261.7517.309.9917.72N/A4.8911/2/20071.861.25
 I (AMMCX)2.02N/AN/AN/AN/AN/AN/A2.295/14/20141.611.00
As of: 6/30/2014 Class 1
MO
3
MO
YTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Small Cap
ASTON/LMCG Small Cap Growth1,2N (ACWDX)4.841.151.8120.1713.05N/AN/A16.5011/3/20102.041.35
 I (ACWIX)4.881.212.0120.4913.33N/AN/A12.096/1/20111.791.10
ASTON/River Road Independent Value1,2N (ARIVX)3.593.033.408.835.74N/AN/A7.4712/31/20101.481.42
 I (ARVIX)3.653.103.569.056.00N/AN/A5.716/1/20111.231.17
ASTON/River Road Select Value2N (ARSMX)3.601.322.3313.2513.4716.03N/A5.653/29/20071.471.46
 I (ARIMX)3.451.312.4213.4713.7816.32N/A5.366/28/20071.221.21
ASTON/River Road Small Cap Value2N (ARSVX)2.10-0.911.0813.6212.9114.47N/A7.866/28/20051.371.34
 I (ARSIX)2.09-0.841.1413.8513.1714.73N/A4.9012/13/20061.121.09
ASTON/Silvercrest Small Cap1,2N (ASCTX)5.242.693.2523.17N/AN/AN/A20.5512/27/20112.061.40
 I (ACRTX)5.292.753.3723.47N/AN/AN/A20.8812/27/20111.811.15
ASTON/TAMRO Small CapN (ATASX)5.30-0.58-0.9312.639.4817.598.8211.0811/30/20001.311.31
 I (ATSIX)5.33-0.52-0.8212.919.7517.88N/A9.061/4/20051.061.06
As of: 6/30/2014 Class 1
MO
3
MO
YTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Fixed Income
ASTON/DoubleLine Core Plus Fixed Income1,2N (ADBLX)0.372.855.746.63N/AN/AN/A6.747/18/20111.050.94
 I (ADLIX)0.392.915.966.91N/AN/AN/A7.007/18/20110.800.69
ASTON/TCH Fixed Income1,2N (CHTBX)0.232.755.306.895.727.535.955.9312/13/19931.130.94
 I (CTBIX)0.342.915.537.235.957.736.186.257/31/20000.880.69
As of: 6/30/2014 Class 1
MO
3
MO
YTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Alternative
ASTON/Anchor Capital Enhanced EquityN (AMBEX)0.602.222.657.206.849.38N/A4.781/15/20081.231.23
 I (AMDSX)0.662.282.777.467.10N/AN/A7.353/3/20100.980.98
ASTON/Lake Partners LASSO Alternatives1,2N (ALSNX)0.291.842.687.384.96N/AN/A5.563/3/20103.221.45
 I (ALSOX)0.291.912.827.675.237.18N/A7.814/1/20092.971.20
ASTON/River Road Long-Short1,2,5N (ARLSX)1.732.17-1.598.158.09N/AN/A7.845/4/20112.591.70
 I (ALSIX)1.732.17-1.428.41N/AN/AN/A7.563/4/20132.341.45
As of: 6/30/2014 Class 1
MO
3
MO
YTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Global/International
ASTON/Barings International1,2,4N (ABARX)1.913.461.5015.295.03N/AN/A7.303/3/20101.671.40
 I (ABIIX)1.913.601.4915.565.299.25N/A-1.6911/2/20071.421.15
ASTON/Guardian Capital Global DividendN (AGCNX)1.51N/AN/AN/AN/AN/AN/A6.794/14/20145.151.30
 I (AGCDX)1.56N/AN/AN/AN/AN/AN/A6.844/14/20144.901.05
ASTON/LMCG Emerging Markets1,4N (ALEMX)2.665.814.669.12N/AN/AN/A-1.603/28/20137.311.65
 I (ALMEX)2.655.804.779.43N/AN/AN/A-1.293/28/20137.061.40
ASTON/Pictet InternationalN (APINX)-0.49N/AN/AN/AN/AN/AN/A2.604/14/20142.471.40
 I (APCTX)-0.49N/AN/AN/AN/AN/AN/A2.704/14/20142.221.15
As of: 6/30/2014 Class 1
MO
3
MO
YTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Sector
ASTON/Harrison Street Real Estate1,4N (ARFCX)0.595.1612.438.6810.0422.838.688.8212/30/19972.221.37
 I (AARIX)0.595.1912.628.9210.3023.12N/A6.149/20/20051.971.12
As of: 6/30/2014 Class 1
MO
3
MO
YTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Balanced
ASTON/Montag & Caldwell Balanced1,2N (MOBAX)0.363.382.9512.578.8710.175.817.7711/2/19941.531.35
 I (MOBIX)0.353.423.0112.679.0110.295.994.3012/31/19981.281.10
The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares upon redemption may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For performance data current to the most recent quarter-end, please click on the Quarterly Performance link at the top of the page.

For periods less than one-year, total returns are reported; for periods more than one-year, average annual total returns are reported.

(1) Certain expenses were subsidized. If these subsidies were not in effect, the returns would have been lower. The adviser is contractually obligated to waive management fees and/or reimburse expenses through February 28, 2015.

(2) Net expense ratio excludes acquired fund fees. For the ASTON/Lake Partners LASSO Alternatives Fund, the net expense ratio excludes acquired fund fees and expenses of 1.77% for both the N and I class, respectively.

(3) Voluntary fee waivers are applied and can be terminated by the adviser at any time.

(4) There is a redemption fee of 2% (as a percentage of the amount redeemed) on shares that are sold or exchanged within 90 calendar days of purchase.

(5) The total operating expenses are 2.43% for Class-N and 2.18% for Class-I. Total operating expenses includes dividend and interest expense on short sales of 0.68% and acquired fund fees of 0.05%, which are not included in the net expense ratio.
As of: 6/30/2014 Class QuarterYTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Large Cap
ASTON/Cornerstone Large Cap Value2N (RVALX)2.292.9821.0514.6916.128.058.241/4/19931.491.30
 I (AAVIX)2.363.0521.4014.9816.44N/A7.569/20/20051.241.05
ASTON/Herndon Large Cap Value1,2N (AALIX)2.593.7921.7412.38N/AN/A13.443/31/20101.311.30
 I (AHRNX)2.733.9322.1212.68N/AN/A12.933/2/20111.061.05
ASTON/Montag & Caldwell Growth2N (MCGFX)4.793.2318.8813.4114.577.159.3311/2/19941.051.04
 I (MCGIX)4.873.3519.1713.6814.857.437.826/28/19960.800.79
 R (MCRGX)4.703.0418.5813.1314.276.897.7812/31/20021.301.29
ASTON/TAMRO Diversified Equity1N (ATLVX)4.466.1624.7013.3917.367.856.9511/30/20001.461.20
 I (ATDEX)4.516.3225.03N/AN/AN/A16.613/2/20121.210.95
As of: 6/30/2014 Class QuarterYTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Equity Income
ASTON/River Road Dividend All Cap Value2N (ARDEX)4.274.6718.1014.5718.01N/A8.786/28/20051.101.09
 I (ARIDX)4.414.8718.4914.8918.34N/A6.496/28/20070.850.84
ASTON/River Road Dividend All Cap Value II1,2N (ADVTX)4.414.7417.98N/AN/AN/A19.606/27/20121.381.30
 I (ADIVX)4.404.8618.26N/AN/AN/A19.886/27/20121.131.05
As of: 6/30/2014 Class QuarterYTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Mid Cap
ASTON/Fairpointe Mid CapN (CHTTX)5.2010.3330.3018.6425.0711.4113.599/19/19941.121.11
 I (ABMIX)5.2710.4830.6518.9525.38N/A11.887/6/20040.870.86
ASTON/Montag & Caldwell Mid Cap Growth1,2N (AMCMX)-0.261.7517.309.9917.72N/A4.8911/2/20071.861.25
 I (AMMCX)N/AN/AN/AN/AN/AN/A2.295/14/20141.611.00
As of: 6/30/2014 Class QuarterYTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Small Cap
ASTON/LMCG Small Cap Growth1,2N (ACWDX)1.151.8120.1713.05N/AN/A16.5011/3/20102.041.35
 I (ACWIX)1.212.0120.4913.33N/AN/A12.096/1/20111.791.10
ASTON/River Road Independent Value1,2N (ARIVX)3.033.408.835.74N/AN/A7.4712/31/20101.481.42
 I (ARVIX)3.103.569.056.00N/AN/A5.716/1/20111.231.17
ASTON/River Road Select Value2N (ARSMX)1.322.3313.2513.4716.03N/A5.653/29/20071.471.46
 I (ARIMX)1.312.4213.4713.7816.32N/A5.366/28/20071.221.21
ASTON/River Road Small Cap Value2N (ARSVX)-0.911.0813.6212.9114.47N/A7.866/28/20051.371.34
 I (ARSIX)-0.841.1413.8513.1714.73N/A4.9012/13/20061.121.09
ASTON/Silvercrest Small Cap1,2N (ASCTX)2.693.2523.17N/AN/AN/A20.5512/27/20112.061.40
 I (ACRTX)2.753.3723.47N/AN/AN/A20.8812/27/20111.811.15
ASTON/TAMRO Small CapN (ATASX)-0.58-0.9312.639.4817.598.8211.0811/30/20001.311.31
 I (ATSIX)-0.52-0.8212.919.7517.88N/A9.061/4/20051.061.06
As of: 6/30/2014 Class QuarterYTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Fixed Income
ASTON/DoubleLine Core Plus Fixed Income1,2N (ADBLX)2.855.746.63N/AN/AN/A6.747/18/20111.050.94
 I (ADLIX)2.915.966.91N/AN/AN/A7.007/18/20110.800.69
ASTON/TCH Fixed Income1,2N (CHTBX)2.755.306.895.727.535.955.9312/13/19931.130.94
 I (CTBIX)2.915.537.235.957.736.186.257/31/20000.880.69
As of: 6/30/2014 Class QuarterYTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Alternative
ASTON/Anchor Capital Enhanced EquityN (AMBEX)2.222.657.206.849.38N/A4.781/15/20081.231.23
 I (AMDSX)2.282.777.467.10N/AN/A7.353/3/20100.980.98
ASTON/Lake Partners LASSO Alternatives1,2N (ALSNX)1.842.687.384.96N/AN/A5.563/3/20103.221.45
 I (ALSOX)1.912.827.675.237.18N/A7.814/1/20092.971.20
ASTON/River Road Long-Short1,2,5N (ARLSX)2.17-1.598.158.09N/AN/A7.845/4/20112.591.70
 I (ALSIX)2.17-1.428.41N/AN/AN/A7.563/4/20132.341.45
As of: 6/30/2014 Class QuarterYTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Global/International
ASTON/Barings International1,2,4N (ABARX)3.461.5015.295.03N/AN/A7.303/3/20101.671.40
 I (ABIIX)3.601.4915.565.299.25N/A-1.6911/2/20071.421.15
ASTON/Guardian Capital Global DividendN (AGCNX)N/AN/AN/AN/AN/AN/A6.794/14/20145.151.30
 I (AGCDX)N/AN/AN/AN/AN/AN/A6.844/14/20144.901.05
ASTON/LMCG Emerging Markets1,4N (ALEMX)5.814.669.12N/AN/AN/A-1.603/28/20137.311.65
 I (ALMEX)5.804.779.43N/AN/AN/A-1.293/28/20137.061.40
ASTON/Pictet InternationalN (APINX)N/AN/AN/AN/AN/AN/A2.604/14/20142.471.40
 I (APCTX)N/AN/AN/AN/AN/AN/A2.704/14/20142.221.15
As of: 6/30/2014 Class QuarterYTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Sector
ASTON/Harrison Street Real Estate1,4N (ARFCX)5.1612.438.6810.0422.838.688.8212/30/19972.221.37
 I (AARIX)5.1912.628.9210.3023.12N/A6.149/20/20051.971.12
As of: 6/30/2014 Class QuarterYTD1
YR
3
YR
5
YR
10
YR
Since
Incept.
Incept.
Date
Total
(Gross)
Ratio
Net
Ratio
Balanced
ASTON/Montag & Caldwell Balanced1,2N (MOBAX)3.382.9512.578.8710.175.817.7711/2/19941.531.35
 I (MOBIX)3.423.0112.679.0110.295.994.3012/31/19981.281.10

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