Exhibit d(20)
March 1, 2007
Aston Asset Management LLC
000 X. XxXxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxx, XX 00000
Re: Sub-Investment Advisory Agreement with MFS Intuitional Advisers, Inc.
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 subadvisory annual fee rate for the Aston Value Fund (the
"Fund"). Attached hereto is amended Schedule B to the Sub-Investment Advisory
Agreement to reflect, among other things, the new subadvisory annual fee rate
for the Fund.
By acknowledging below, you agree to render the investment advisory and
management services to the Fund under the terms of the Sub-Investment Advisory
Agreement and the amended Schedule B attached hereto.
ASTON ASSET MANAGEMENT LLC
By: /s/ Xxxxxxx X. Xxxxxxxx
------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
Its: President
Accepted this 1st day of March, 2007
MFS INSTITUTIONAL ADVISORS, INC.
By: /s/ Xxxxx X. Xxxxxxx
---------------------------------
Name: Xxxxx X. Xxxxxxx
Its: President
SCHEDULE B
FUND SUBADVISORY ANNUAL FEE RATE
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Aston Value Fund 0.40% of first $125 million
0.30 over $125 million
