Morningstar - "Watch Your Step - Solid risk management can alleviate big stumbles" (ARLSX)

I class shares were launched February 28, 2013
^ Total Returns

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 Fund’s gross expense ratio is 5.08% and 4.83% for the N and I class respectively.  The net expense ratio excluding dividend & interest expenses on short sales and acquired fund fees is 1.70% and 1.45% for the N and I class respectively. The total operating expenses are 3.16% and 2.91% for the N and I class respectively. Net expenses do not include dividend and interest expense on short sales of 1.41% and acquired fund fees of 0.05%.  The Advisor is contractually obligated to waive management fee and/or reimburse ordinary expenses through February 28. 2014.  The total operating expense includes dividend and interest expense on short sales and acquired fund fees, which are not included in the net expense ratio.

The Russell 3000 Index is capitalization-weighted index of the 3,000 largest U.S. companies, representing approximately 98% of the investable U.S. equity market.   The S&P Index is an unmanaged index of 500 widely traded industrial, transportation, financial and public utility stocks. The Morningstar Long-Short Equity Category figures allow for a direct comparison of a fund’s performance within its Morningstar Category.

Note: Short sales may involve the risk that the 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. A loss incurred on a short sale results from increases in the value of the security, losses on a short sale are theoretically unlimited. Value investing often involves buying the stocks of companies that are currently out of favor that may decline further. Investing in exchange traded and closed end funds are subject to additional risk that shares of the underlying fund may trade at a premium or discount to their net asset value per share. Convertible preferred securities are subject to the risks of equity securities and fixed income securities. Derivatives can be highly volatile and involve risk in addition to the risk of the underlying reference security. Investing in the securities of foreign issuers involves special risks and considerations not typically associated with investing in U.S. companies.

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

The views and opinions expressed in this article are those of Morningstar Advisor and do not necessarily reflect the views of Aston Asset Management, River Road Asset Management or their affiliate.

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