Exhibit d(11)
December 22, 2006
Aston Asset Management LLC
000 Xxxxx Xxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxx, XX 00000
Re: Sub-Investment Advisory Agreement with Optimum Investment Advisors,
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/Optimum
Large Cap Opportunity Fund" (the "New Series"). Attached hereto are amended
Schedules A and B to the Sub-Investment Advisory Agreement to reflect, among
other things, the appropriate effective date, initial term and subadvisory fee
rate 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 Schedules A and B attached hereto.
ASTON ASSET MANAGEMENT LLC
By: /s/ Xxxxxxx X. Xxxxxxxx
------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
Its: President
Accepted this 26th day of
December, 2006.
OPTIMUM INVESTMENT ADVISORS, LLC
By: /s/ X. Xxxxx Xxxxxx, Xx.
---------------------------------
Name: X. Xxxxx Xxxxxx, Xx.
Its: Vice Chairman
Chief Investment Officer
SCHEDULE A
Fund Effective Date Initial Term
---- -------------- ------------
Aston/Optimum Mid Cap Fund November 30, 2006 December 31, 2007
Aston/Optimum Large Cap Opportunity Fund December 26, 2006 December 31, 2007
SCHEDULE B
FUND SUBADVISORY FEE RATE
---- --------------------
Aston/Optimum Mid Cap Fund 0.30% for the first $100 million
0.25% for the next $300 million
0.20% over $400 million
Aston/Optimum Large Cap Opportunity Fund 50% of the positive difference, if
any, of (x) the advisory fee payable
to the Investment Adviser with
respect to the Allocated Assets of
the Fund (before reduction of the fee
payable to Subadviser) minus (y) the
sum of: (i) any investment advisory
fees waived by the Investment Adviser
pursuant to an Expense Limitation
Agreement with the Fund, (ii) any
reimbursement of expenses by the
Investment Adviser pursuant to an
Expense Limitation Agreement with the
Fund, and (iii) any payments made by
the Investment Adviser to third
parties that provide distribution,
shareholder services or similar
services on behalf of the Fund. If
the foregoing calculation results in
a negative amount, such amount shall
be payable by the Subadviser within
30 days of receipt of notice from the
Investment Adviser, which notice
shall include the basis for the
calculation.
