Aston Funds

Aston/MB Enhanced Equity Income Fund - N Class (AMBEX)

Fund Profile Fact Sheet PDF

Overview

Investment Style
The Aston/MB Enhanced Equity Income Fund seeks total return through a combination of a high level of current income and capital appreciation.

Investment Strategy
The Fund pursues its objective by investing primarily in a diversified portfolio of equity securities traded in U.S. markets and by writing covered call options on a substantial portion of the Fund's long equity portfolio. The Fund places primary emphasis on the generation of income. Option premiums and dividend income are expected to constitute a significant portion of total return. Under normal circumstances, the Fund invests at least 80% of its assets in equity securities.

The portfolio managers actively manage risk and adhere to a strong sell discipline.

The Fund is not expected to have annual turnover that exceeds 100%, Portfolio turnover rate does not, however, take into account short-term capital gains generated from premiums on the sale of call options.

Fund Overview
Inception Date	1/15/2008
Ticker	AMBEX
Cusip	00080Y751
Load	None

Fund Statistics (as of 3/31/2008)
Expense Ratio	1.10%
Minimum Investment	$2,500

Sector Breakdown (as of 3/31/2008)
Financials	18.47%
Industrials	16.70%
Information Technology	13.44%
Consumer Discretionary	11.42%
Consumer Staples	11.31%
Energy	8.65%
Materials	8.48%
Healthcare	5.42%
Cash Equivalents & Other	3.46%
Communications Equipment	2.63%

Past performance does not guarantee future results. Investment return and principal value of mutual funds will vary with market conditions, so that shares, when redeemed, may be worth more or less than their original cost.

Covered Call Option Risk: By selling covered call options, the Fund limits its opportunity to profit from an increase in the price of the underlying stock above the exercise price, but continues to bear the risk of a decline in the value of the underlying stock. While the Fund receives a premium for writing the call option, the price the Fund realizes from the sale of stock upon exercise of the option could be substantially below its current market price.

A liquid market may not exist for options held by the Fund. If the Fund is not able to close out an options transaction, the Fund will not be able to sell the underlying security until the option expires or is exercised.

Tax Risk: The Fund expects to generate premiums from its sale of call options. These premiums typically will result in short-term capital gains for federal income tax purposes. The Fund is not designed for investors seeking a tax efficient investment.