Aston/River Road Small Cap Value Fund - I Class (ARSIX)
The Fund is closed to new investors. Please see current prospectus for exceptions.

Management


James C. Shircliff, CFA
	Biography: Portfolio Manager since the Fund’s inception and CEO and Chief Investment Officer of River Road. Mr. Shircliff was formerly employed as Portfolio Manager and Director of Research for Commonwealth SMC (SMC Capital, Inc.) from 1998-2005. Additionally, Mr. Shircliff has served as Special Situations Analyst and Fund Manager for Oppenheimer Management and Partner and Director of Research for Southeastern Asset Management. Mr. Shircliff has more than 30 years of investment management experience. He received his BS from the University of Louisville and holds the Chartered Financial Analyst designation.

R. Andrew Beck
	Biography: Portfolio Manager since each Fund’s inception and President of River Road. Mr. Beck was formerly employed as Senior Vice President and Portfolio Manager for Commonwealth SMC (SMC Capital, Inc.) from 1999-2005. Mr. Beck received his BS from the University of Louisville and his MBA from Babson College.

Henry W. Sanders, III, CFA
	Biography: Portfolio Manager since the Fund’s inception and Executive Vice President of River Road. Mr. Sanders was formerly employed as Senior Vice President and Portfolio Manager for Commonwealth SMC from 2002-2005. Additionally, Mr. Sanders has served as President for Bridges Capital Management and Vice President for PRIMCO Capital Management. He received his BS from Bellarmine University, his MBA from Boston College and holds the Chartered Financial Analyst designation.