Lake: A Lot of Demand for Alternative Mutual Funds

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.

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.

Investment Advisor Services:
800-597-9704 or www.astonfunds.com