CHICAGO – October 6, 2011 – Aston Asset Management, LP (Aston) is pleased to announce that effective September 30, 2011, a voluntary waiver of management fees and/or reimbursement of ordinary operating expenses of an additional 0.15% went into effect for the ASTON/Montag & Caldwell Mid Cap Growth Fund (Ticker: AMCMX) (the “Fund”).
Currently, Aston is contractually obligated to waive management fees and/or reimburse ordinary operating expenses of the Fund so that the total ordinary operating expenses, including management fees, do not exceed 1.40% of the Fund’s average net assets in any fiscal year, excluding acquired fund fees and expenses. Aston is voluntarily reducing that contractual expense cap from 1.40% to 1.25%. Based on the Fund’s most recent fiscal year, the Fund’s gross expense ratio per its current prospectus is 3.56%, including 0.01% of acquired fund fees and expenses.
The Fund invests in high-quality mid-cap growth companies that are growing near-term earnings faster than the market and trading at a discount to their intrinsic value. The ASTON/Montag & Caldwell Mid Cap Growth Fund is managed by Scott Thompson, CFA and Andrew W. Jung, CFA. The Fund leverages Montag & Caldwell's time-tested, fundamentally driven growth investment philosophy and process.
“Aston has enjoyed a long, beneficial relationship with Montag & Caldwell”, said Stuart D. Bilton, Chairman and Chief Executive Officer of Aston. “We are pleased to be establishing this voluntary waiver of management fees in the interests of our shareholders.”
To request more information please contact Tony Kono at 973-732-3521 or moc.cnirpcj@ynot
Aston Asset Management, LP
Headquartered in Chicago, Illinois, Aston provides investment management services to the mutual fund and managed accounts markets by carefully selecting, monitoring and marketing experienced boutique investment managers, who seek to achieve consistent investment performance using disciplined investment processes and best in class business standards. From the initial due diligence on an investment manager to the launching of a new Aston Fund, we take measured steps to ensure congruence between the requirements of Aston, the capabilities of the subadviser and the needs of clients. As of September 30, 2011, Aston is the adviser to twenty-five mutual funds with total net assets of approximately $8.4 billion. Our funds are distributed nationally through intermediaries including registered investment advisors, model platforms, broker-dealers, consultants, retirement platforms and wealth management teams. For more information on the funds managed by Aston please call 800-597-9704.
Note: Small- and mid-cap stocks are considered riskier than large-cap stocks due to greater potential volatility and less liquidity.
The voluntary waiver of management fees and/or reimbursement of ordinary operating expenses may be subject to cancellation at any time.
Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. Please call 800 597-9704 for a prospectus which contains this and other information about the Fund. Read it carefully before you invest or send money. Aston Funds are distributed by BNY Mellon Distributors Inc.