Exhibit (d)(16)
March __, 2007
Aston Asset Management LLC
000 X. XxXxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxx, XX 00000
Re: Sub-Investment Advisory Agreement with River Road Asset Management,
LLC dated November 30, 2006 (the "Sub-Investment Advisory Agreement")
Ladies and Gentlemen:
Pursuant to the Sub-Investment Advisory Agreement, we are hereby providing
notification of a new series of the Aston Funds to be called "Aston/River Road
Small-Mid Cap Fund" (the "New Series"). Attached hereto is amended Schedule A to
the Sub-Investment Advisory Agreement to reflect, among other things, the
appropriate effective date and initial term for the New Series.
By acknowledging below, you agree to render the investment advisory and
management services to the New Series under the terms of the Sub-Investment
Advisory Agreement and the amended Schedule A attached hereto.
RIVER ROAD ASSET MANAGEMENT, LLC
By: _________________________
Name:
Its:
Accepted this __ day
of March, 2007
ASTON ASSET MANAGEMENT LLC
By: ______________________________
Name: Xxxxxxx X. Xxxxxxxx
Its: President
SCHEDULE A
FUND EFFECTIVE DATE INITIAL TERM
--------------------------------------------- ----------------- -----------------
Aston/River Road Dynamic Equity Income Fund November 30, 2006 December 31, 2007
Aston/River Road Small Cap Value Fund November 30, 2006 December 31, 2007
Aston/River Road Small-Mid Cap Fund March __, 2007 December 31, 2008
