ASTON/River Road Independent Value Fund

Class Inst (ARVIX)

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 57.65 0.35 57.3
Stocks 35.33 0.0 35.33
Bonds 0.0 0.0 0.0
Other 0.0 0.0 0.0
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 7.37 0.0 7.37
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 03.31.2013

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 03.31.2013

Ticker YTD Return % % Net Assets
WPX Energy Inc Class A WPX 3.16 4.05
Pan American Silver Corporation PAAS -29.87 3.44
Sykes Enterprises, Inc. SYKE -3.81 3.11
Aaron's, Inc. AAN -0.15 2.93
AuRico Gold Inc AUQ -38.51 2.91
CSG Systems International, Inc. CSGS 11.99 2.6
Harris Teeter Supermarkets Inc HTSI 6.41 2.29
FLIR Systems, Inc. FLIR 8.4 2.29
Owens & Minor, Inc. OMI 12.0 2.02
Tidewater, Inc. TDW 15.78 1.99
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