UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number                   811-08004                         

Aston Funds

(Exact name of registrant as specified in charter)

120 North LaSalle Street, 25th Floor

Chicago, IL 60602

(Address of principal executive offices) (Zip code)

Stuart D. Bilton, President

Aston Funds

120 North LaSalle Street, 25th Floor

Chicago, IL 60602

(Name and address of agent for service)

Registrant’s telephone number, including area code:  (312) 268-1400 

Date of fiscal year end:  October 31 

Date of reporting period:  July 31, 2015 

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments.

The Schedules of Investments are attached herewith.

Aston Funds
ASTON/Cornerstone Large Cap Value Fund	July 31, 2015
Schedule of Investments (unaudited)

% of Total Net Assets

Shares			Market Value
COMMON STOCKS – 95.22%
		Consumer Discretionary – 13.19%
	62,850	BorgWarner	$	3,124,274
	35,700	Dollar General		2,869,209
	147,425	Gap		5,378,064
	79,150	Magna International (Canada)		4,302,593
	39,600	VF		3,052,764
				18,726,904
		Consumer Staples – 3.09%
	98,925	Tyson Foods, Class A		4,387,324
		Energy – 6.96%
	47,325	Chevron		4,187,316
	139,650	Ensco, Class A (United Kingdom)		2,315,397
	58,675	Royal Dutch Shell, Class A SP ADR		3,372,638
				9,875,351
		Financials – 28.10%
	40,925	ACE (Switzerland)		4,451,412
	73,700	Capital One Financial		5,991,810
	105,525	Citigroup		6,168,992
	100,725	JPMorgan Chase		6,902,683
	69,450	Lincoln National		3,911,424
	38,800	PNC Financial Services Group		3,809,383
	36,825	State Street		2,819,322
	78,755	Unum Group		2,822,579
	66,350	US Bancorp		2,999,684
				39,877,289
		Healthcare – 4.22%
	59,750	Johnson & Johnson		5,987,548
		Industrials – 19.56%
	27,900	Boeing		4,022,343
	42,475	Cummins		5,501,787
	41,900	Honeywell International		4,401,595
	41,475	Norfolk Southern		3,497,587
	51,200	Parker-Hannifin		5,772,800
	19,940	WW Grainger		4,560,477
				27,756,589
		Information Technology – 20.10%
	210,275	Cisco Systems		5,976,016
	187,275	EMC		5,035,825
	125,700	Microsoft		5,870,190
	147,625	Oracle		5,896,143
	66,825	Western Digital		5,750,960
				28,529,134
		Total Common Stocks (Cost $137,919,555)		135,140,139
INVESTMENT COMPANY – 4.61%
	6,535,894	BlackRock Liquidity Funds TempFund Portfolio		6,535,894
		Total Investment Company (Cost $6,535,894)		6,535,894
Total Investments – 99.83% (Cost $144,455,449)*				141,676,033
Net Other Assets and Liabilities – 0.17%				242,384
Net Assets – 100.00%			$	141,918,417

* At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	6,299,113
Gross unrealized depreciation		(9,078,529	)
Net unrealized depreciation	$	(2,779,416	)

SP ADR Sponsored American Depositary Receipt

See accompanying Notes to Schedule of Investments.
	1

Aston Funds
ASTON/Fairpointe Focused Equity Fund	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets

Shares			Market Value
COMMON STOCKS – 99.17%
		Consumer Discretionary – 25.82%
	9,200	21st Century Fox, Class A	$		317,308
	4,900	Carnival			261,121
	8,400	Discovery Communications, Class C *			254,520
	6,400	Interpublic Group			136,320
	4,500	Liberty Interactive, Class A *			130,725
	16,300	News, Class A *			240,099
	4,600	Scholastic			198,214
	6,300	Staples			92,673
					1,630,980
		Consumer Staples – 13.04%
	41,800	Avon Products			237,006
	3,500	PepsiCo			337,225
	5,500	Univelver, SP ADR			249,315
					823,546
		Energy – 10.22%
	2,050	Apache			94,013
	4,900	Atwood Oceanics			101,920
	5,900	BP, SP ADR			218,123
	6,700	Cenovus Energy (Canada)			97,686
	10,100	Transocean Ltd. (Switzerland)			133,926
					645,668
		Financials – 7.18%
	4,700	Legg Mason			231,898
	2,900	Northern Trust			221,821
					453,719
		Healthcare – 8.45%
	9,600	Boston Scientific *			166,464
	3,200	Hologic *			133,312
	700	Quest Diagnostics			51,667
	1,900	Varian Medical Systems *			163,533
	300	VCA *			18,459
					533,435
		Industrials – 11.92%
	6,000	AGCO			330,060
	4,500	Fluor			210,375
	6,700	Kennametal			212,323
					752,758
		Information Technology – 19.20%
	8,300	Cisco Systems			235,886
	10,900	Cree *			268,685
	11,100	Hewlett-Packard			338,772
	3,400	Itron *			109,582
	7,000	Teradata *			259,770
					1,212,695
		Materials – 3.34%
	6,800	Greif, Class A			210,732
		Total Common Stocks (Cost $6,573,491)			6,263,533
INVESTMENT COMPANY – 1.57%
	99,520	BlackRock Liquidity Funds TempFund Portfolio			99,520
		Total Investment Company (Cost $99,520)			99,520
Total Investments – 100.74% (Cost $6,673,011)**					6,363,053
Net Other Assets and Liabilities – (0.74)%					(46,863	)
Net Assets – 100.00%				$	6,316,190

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	289,264
Gross unrealized depreciation		(599,222	)
Net unrealized depreciation	$	(309,958	)

SP ADR Sponsored American Depositary Receipt

See accompanying Notes to Schedule of Investments.
	2

Aston Funds
ASTON/Herndon Large Cap Value Fund	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets

Shares			Market Value
COMMON STOCKS – 97.75%
		Consumer Discretionary – 5.15%
	16,507	Ross Stores	$	877,512
	63,276	TJX		4,417,930
	15,590	Yum! Brands		1,368,178
				6,663,620
		Consumer Staples – 10.66%
	76,115	Altria Group		4,139,134
	79,783	Campbell Soup		3,934,100
	28,734	Colgate-Palmolive		1,954,487
	44,018	Philip Morris International		3,764,860
				13,792,581
		Energy – 21.42%
	45,547	Apache		2,088,785
	124,718	Chesapeake Energy		1,080,058
	70,612	Continental Resources *		2,359,147
	28,429	EOG Resources		2,194,435
	42,796	Exxon Mobil		3,389,871
	56,857	Halliburton		2,376,054
	82,534	Marathon Petroleum		4,512,134
	87,730	Noble (United Kingdom)		1,048,374
	65,110	SM Energy		2,413,628
	27,206	Tesoro		2,648,232
	55,023	Valero Energy		3,609,509
				27,720,227
		Financials – 21.23%
	33,014	American Express		2,511,045
	85,896	Apartment Investment & Management, Class A, REIT		3,356,816
	68,473	CBOE Holdings		4,243,957
	5,503	Credit Acceptance *		1,321,876
	56,857	Discover Financial Services		3,173,189
	78,560	Eaton Vance		3,013,562
	34,237	McGraw-Hill Financial		3,483,615
	30,263	Moody’s		3,341,943
	67,250	Waddell & Reed Financial, Class A		3,020,198
				27,466,201
		Healthcare – 4.61%
	21,092	AbbVie		1,476,651
	37,293	Baxter International		1,494,703
	25,372	Gilead Sciences		2,990,344
				5,961,698
		Industrials – 12.61%
	23,232	Copa Holdings, Class A (Panama)		1,754,713
	22,926	Lockheed Martin		4,747,975
	30,874	Rockwell Collins		2,612,558
	38,822	United Parcel Service, Class B		3,973,820
	41,267	Verisk Analytics *		3,223,365
				16,312,431
		Information Technology – 16.30%
	13,145	Accenture, Class A (Ireland)		1,355,381
	4,280	Alliance Data Systems *		1,177,171
	34,848	Apple		4,227,062
	16,813	Harris		1,394,470
	42,490	Hewlett-Packard		1,296,795
	13,756	MasterCard, Class A		1,339,834
	76,726	Microsoft		3,583,104
	39,433	Western Digital		3,393,604
	164,150	Western Union		3,322,396
				21,089,817
		Materials – 5.77%
	27,512	CF Industries Holdings		1,628,710
	31,180	LyondellBasell Industries, Class A (Netherlands)		2,925,619
	7,337	NewMarket		2,917,998
				7,472,327
		Total Common Stocks (Cost $113,341,894)		126,478,902
INVESTMENT COMPANY – 0.18%
	234,542	BlackRock Liquidity Funds TempFund Portfolio		234,542
		Total Investment Company (Cost $234,542)		234,542
Total Investments – 97.93%  (Cost $113,576,436)**				126,713,444
Net Other Assets and Liabilities – 2.07%				2,675,916
Net Assets – 100.00%			$	129,389,360

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	21,108,481
Gross unrealized depreciation		(7,971,473	)
Net unrealized appreciation	$	13,137,008

REIT Real Estate Investment Trust

See accompanying Notes to Schedule of Investments.
	3

Aston Funds
ASTON/Montag & Caldwell Growth Fund	July 31, 2015
Schedule of Investments (unaudited)

% of Total Net Assets

Shares			Market Value
COMMON STOCKS – 94.64%
		Consumer Discretionary – 15.84%
	1,321,399	Carnival	$	70,417,353
	680,000	Dollar General		54,651,600
	877,380	Dollar Tree *		68,461,961
	320,000	NIKE, Class B		36,870,400
	1,404,157	Starbucks		81,342,815
	938,659	TJX		65,537,171
				377,281,300
		Consumer Staples – 21.98%
	900,000	Colgate-Palmolive		61,218,000
	210,161	Costco Wholesale		30,536,393
	548,700	CVS Health		61,712,289
	785,000	Estee Lauder, Class A		69,951,350
	2,421,713	Mondelez International, Class A		109,291,908
	1,093,054	PepsiCo		105,315,753
	886,856	Walgreens Boots Alliance		85,696,895
				523,722,588
		Energy – 0.65%
	221,285	Occidental Petroleum		15,534,207
		Financials – 1.58%
	650,000	Wells Fargo		37,615,500
		Healthcare – 29.15%
	1,591,010	Abbott Laboratories		80,648,297
	325,000	Allergan PLC (Ireland) *		107,623,750
	405,534	AmerisourceBergen		42,885,221
	275,149	Amgen		48,588,562
	111,554	Biogen *		35,561,184
	537,890	Celgene *		70,598,063
	848,061	Cerner *		60,822,935
	675,916	Gilead Sciences		79,663,460
	391,000	McKesson		86,242,870
	585,825	Thermo Fisher Scientific		81,740,162
				694,374,504
		Industrials – 7.61%
	731,803	Honeywell International		76,875,905
	156,075	Union Pacific		15,231,359
	751,482	United Parcel Service, Class B		76,921,698
	53,947	WW Grainger		12,338,218
				181,367,180
		Information Technology – 17.83%
	615,000	Accenture PLC, Class A (Ireland)		63,412,650
	827,691	Cognizant Technology Solutions, Class A *		52,227,302
	588,000	Facebook, Class A *		55,277,880
	131,133	Google, Class A *		86,219,947
	489,080	MasterCard, Class A		47,636,392
	194,803	QUALCOMM		12,543,365
	1,425,593	Visa, Class A		107,404,177
				424,721,713
		Total Common Stocks (Cost $1,865,614,411)		2,254,616,992
INVESTMENT COMPANY – 5.32%
	126,735,942	BlackRock Liquidity Funds  TempFund Portfolio		126,735,942
		Total Investment Company (Cost $126,735,942)		126,735,942
Total Investments – 99.96% (Cost $1,992,350,353)**				2,381,352,934
Net Other Assets and Liabilities – 0.04%				1,001,622
Net Assets – 100.00%			$	2,382,354,556

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	398,019,304
Gross unrealized depreciation		(9,016,723	)
Net unrealized appreciation	$	389,002,581

See accompanying Notes to Schedule of Investments.
	4

1

Aston Funds
ASTON/TAMRO Diversified Equity Fund	July 31, 2015
Schedule of Investments (unaudited)

% of Total Net Assets

Shares			Market Value
COMMON STOCKS – 99.28%
		Consumer Discretionary – 16.10%
	2,823	Amazon.com *	$	1,513,551
	12,940	CarMax *		834,759
	6,993	Home Depot		818,391
	22,530	Iconix Brand Group *		489,577
	31,891	Live Nation Entertainment *		836,182
	7,915	McDonald’s		790,392
	407	NVR *		606,446
	9,007	Red Robin Gourmet Burgers *		825,492
				6,714,790
		Consumer Staples – 10.31%
	20,265	Coca-Cola		832,486
	8,462	Constellation Brands, Class A *		1,015,609
	8,457	Keurig Green Mountain		634,613
	11,726	United Natural Foods *		533,885
	13,295	Walgreens Boots Alliance		1,284,696
				4,301,289
		Energy – 3.03%
	14,849	Kinder Morgan		514,369
	5,627	Phillips 66		447,347
	7,628	Range Resources		300,086
				1,261,802
		Financials – 15.72%
	9,345	American Express		710,781
	17,745	American International Group		1,137,809
	9,698	American Tower, REIT		922,377
	29,416	Bank of the Ozarks		1,297,834
	6,675	Berkshire Hathaway, Class B *		952,790
	5,389	BofI Holding		662,039
	23,156	Geo Group, REIT		874,139
				6,557,769
		Healthcare – 17.68%
	10,605	DaVita HealthCare Partners *		838,113
	15,886	DexCom *		1,344,750
	6,092	Edwards Lifesciences *		926,959
	10,484	Endo International (Ireland) *		917,769
	9,428	Express Scripts Holding *		849,180
	14,289	Gilead Sciences *		1,684,102
	1,520	Intuitive Surgical *		810,418
				7,371,291
		Industrials – 15.35%
	30,133	American Airlines Group		1,208,333
	6,082	Boeing		876,842
	11,517	Cintas		984,704
	8,930	Danaher		817,631
	25,064	Healthcare Services Group		874,984
	7,636	Middleby *		936,937
	11,750	Spirit Airlines *		702,885
				6,402,316
		Information Technology – 16.93%
	4,066	Baidu, SP ADR *		702,036
	44,317	Cisco Systems		1,259,489
	9,528	Facebook, Class A *		895,727
	1,181	Google, Class A *		776,508
	783	Google, Class C *		489,853
	5,027	Manhattan Associates		325,850
	43,347	Pandora Media *		759,439
	15,058	Seagate Technology (Ireland)		761,935
	15,784	Synchronoss Technologies *		754,475
	2,389	Tyler Technologies *		333,361
				7,058,673
		Materials – 4.16%
	12,980	CF Industries Holdings		768,416
	5,133	Monsanto		523,001
	8,782	Royal Gold		442,788
				1,734,205
		Total Common Stocks (Cost $29,151,599)		41,402,135

See accompanying Notes to Schedule of Investments.
	5

2

Aston Funds
ASTON/TAMRO Diversified Equity Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Shares			Market Value
INVESTMENT COMPANY – 0.77%
	318,686	BlackRock Liquidity Funds  TempFund Portfolio	$	318,686
		Total Investment Company (Cost $318,686)		318,686
Total Investments – 100.05% (Cost $29,470,285)**				41,720,821
Net Other Assets and Liabilities – (0.05)%				(19,354	)
Net Assets – 100.00%			$	41,701,467

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	13,360,094
Gross unrealized depreciation		(1,109,558	)
Net unrealized appreciation	$	12,250,536

REIT	Real Estate Investment Trust
SP ADR	Sponsored American Depositary Receipt

See accompanying Notes to Schedule of Investments.
	6

3

Aston Funds
ASTON/River Road Dividend All Cap Value Fund	July 31, 2015
Schedule of Investments (unaudited)

% of Total Net Assets

Shares			Market Value
	COMMON STOCKS – 97.90%
		Consumer Discretionary – 12.96%
	259,057	Cinemark Holdings	$	10,222,389
	603,088	Ford Motor		8,943,795
	334,556	Kohl’s		20,514,974
	144,133	Macy’s		9,953,825
	493,705	National CineMedia		7,652,428
	301,422	Omnicom Group		22,027,920
	338,114	Shaw Communications, Class B(Canada)		7,168,017
	194,352	Target		15,907,711
	418,578	Thomson Reuters (Canada)		16,931,480
				119,322,539
		Consumer Staples – 11.10%
	159,778	Kimberly-Clark		18,369,677
	247,741	Molson Coors Brewing, Class B		17,624,295
	109,569	PepsiCo		10,556,973
	591,095	Sysco		21,462,659
	331,174	Univelver, SP ADR		15,012,117
	266,006	Wal-Mart Stores		19,147,112
				102,172,833
		Energy – 5.33%
	159,513	Chevron		14,113,710
	272,064	Martin Midstream Partners LP		8,344,203
	302,377	Occidental Petroleum		21,226,865
	164,436	TransMontaigne Partners LP		5,396,790
				49,081,568
		Financials – 21.71%
	147,451	CME Group		14,161,194
	188,062	CNA Financial		7,451,016
	351,971	Communications Sales & Leasing, REIT		7,338,595
	299,813	Compass Diversified Holdings		5,045,853
	468,546	CyrusOne, REIT		14,403,104
	500,159	Geo Group, REIT		18,881,002
	823,950	Iron Mountain, REIT		24,759,686
	308,433	PNC Financial Services Group		30,281,952
	329,661	Sabra Health Care, REIT		9,016,228
	142,717	Stock Yards Bancorp		5,260,549
	517,278	U.S. Bancorp		23,386,138
	46,727	Washington Trust Bancorp		1,858,333
	426,424	Wells Fargo		24,677,157
	435,168	Weyerhaeuser, REIT		13,355,306
				199,876,113
		Healthcare – 3.79%
	376,012	Owens & Minor		13,220,582
	292,824	Quest Diagnostics		21,613,339
				34,833,921
		Industrials – 15.07%
	698,440	ADT		24,117,133
	621,113	Aircastle (Bermuda)		14,950,190
	297,952	Emerson Electric		15,419,016
	512,313	Fastenal		21,445,422
	154,350	MSC Industrial Direct, Class A		10,998,981
	145,156	Parker-Hannifin		16,366,339
	383,331	Republic Services		16,303,067
	187,005	United Parcel Service, Class B		19,141,832
				138,741,980
		Information Technology – 14.44%
	192,407	CSG Systems International		5,983,858
	813,622	Intel		23,554,357
	189,644	j2 Global		13,350,938
	685,828	Microsoft		32,028,168
	328,967	Motorola Solutions		19,790,655
	300,463	QUALCOMM		19,346,813
	931,195	Western Union		18,847,387
				132,902,176
		Materials – 4.54%
	183,461	Bemis		8,176,857
	172,514	Compass Minerals International		13,801,120
	120,011	Innophos Holdings		6,178,166
	358,104	Myers Industries		5,418,114
	184,929	Nucor		8,162,766
				41,737,023
		Telecommunication Services – 4.73%
	97,672	Atlantic Tele-Network		6,909,317
	353,967	Rogers Communications, Class B (Canada)		12,417,162
	518,213	Verizon Communications		24,247,186
				43,573,665

See accompanying Notes to Schedule of Investments.
	7

4

Aston Funds
ASTON/River Road Dividend All Cap Value Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Shares			Market Value
		Utilities – 4.23%
	259,810	AmeriGas Partners LP	$	11,927,877
	401,837	National Fuel Gas		21,727,327
	124,721	Vectren		5,250,754
				38,905,958
		Total Common Stocks (Cost $750,635,531)		901,147,776
Total Investments – 97.90% (Cost $750,635,531)*				901,147,776
Net Other Assets and Liabilities – 2.10%				19,361,445
Net Assets – 100.00%			$	920,509,221

* At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	167,434,178
Gross unrealized depreciation		(16,921,933	)
Net unrealized appreciation	$	150,512,245

LP	Limited Partnership
REIT	Real Estate Investment Trust
SP ADR	Sponsored American Depositary Receipt

See accompanying Notes to Schedule of Investments.
	8

5

Aston Funds
ASTON/River Road Dividend All Cap Value Fund II	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets

Shares			Market Value
COMMON STOCKS – 98.12%
		Consumer Discretionary – 13.13%
	40,094	Cinemark Holdings	$	1,582,109
	95,976	Ford Motor		1,423,324
	52,404	Kohl’s		3,213,413
	23,670	Macy’s		1,634,650
	47,925	Omnicom Group		3,502,359
	55,774	Shaw Communications, Class B (Canada)		1,182,409
	31,794	Target		2,602,339
	66,027	Thomson Reuters (Canada)		2,670,792
				17,811,395
		Consumer Staples – 12.01%
	24,933	Kimberly-Clark		2,866,547
	38,175	Molson Coors Brewing, Class B		2,715,769
	17,283	PepsiCo		1,665,217
	94,454	Sysco		3,429,625
	54,126	Univelver, SP ADR (Great Britain)		2,453,532
	43,992	Wal-Mart Stores		3,166,544
				16,297,234
		Energy – 4.83%
	25,931	Chevron		2,294,375
	26,100	Martin Midstream Partners LP		800,487
	49,195	Occidental Petroleum		3,453,489
				6,548,351
		Financials – 20.19%
	23,496	CME Group		2,256,556
	17,712	CNA Financial		701,749
	58,602	Communications Sales & Leasing, REIT		1,221,852
	50,978	CyrusOne, REIT		1,567,064
	74,884	GEO Group, REIT		2,826,871
	134,193	Iron Mountain, REIT		4,032,502
	50,101	PNC Financial Services Group		4,918,916
	82,955	U.S. Bancorp		3,750,396
	67,871	Wells Fargo		3,927,695
	71,335	Weyerhaeuser, REIT		2,189,271
				27,392,872
		Healthcare – 4.04%
	55,931	Owens & Minor		1,966,534
	47,622	Quest Diagnostics		3,514,980
				5,481,514
		Industrials – 15.74%
	111,555	ADT		3,851,994
	64,683	Aircastle (Bermuda)		1,556,920
	48,463	Emerson Electric		2,507,960
	81,711	Fastenal		3,420,422
	25,699	MSC Industrial Direct, Class A		1,831,311
	23,138	Parker-Hannifin		2,608,810
	61,360	Republic Services		2,609,641
	29,039	United Parcel Service, Class B		2,972,432
				21,359,490
		Information Technology – 15.10%
	131,699	Intel		3,812,686
	31,457	j2 Global		2,214,573
	112,192	Microsoft		5,239,366
	52,336	Motorola Solutions		3,148,534
	48,394	QUALCOMM		3,116,090
	146,392	Western Union		2,962,974
				20,494,223
		Materials – 4.02%
	29,418	Bemis		1,311,160
	28,533	Compass Minerals International		2,282,640
	11,767	Innophos Holdings		605,765
	28,457	Nucor		1,256,092
				5,455,657
		Telecommunication Services – 4.43%
	59,000	Rogers Communications, Class B (Canada)		2,069,720
	84,374	Verizon Communications		3,947,859
				6,017,579
		Utilities – 4.63%
	41,359	AmeriGas Partners LP		1,898,792
	65,340	National Fuel Gas		3,532,934
	20,274	Vectren		853,535
				6,285,261
		Total Common Stocks (Cost $125,201,894)		133,143,576

See accompanying Notes to Schedule of Investments.
	9

Aston Funds
ASTON/River Road Dividend All Cap Value Fund II	July 31, 2015
Schedule of Investments (unaudited) – continued

Shares			Market Value
INVESTMENT COMPANY – 2.57%
	3,484,142	BlackRock Liquidity Funds TempFund Portfolio	$	3,484,142
		Total Investment Company (Cost $3,484,142)		3,484,142
Total Investments – 100.69% (Cost $128,686,036)*				136,627,718
Net Other Assets and Liabilities – (0.69)%				(934,155	)
Net Assets – 100.00%			$	135,693,563

* At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	13,514,227
Gross unrealized depreciation		(5,572,545	)
Net unrealized appreciation	$	7,941,682

LP	Limited Partnership
REIT	Real Estate Investment Trust
SP ADR	Sponsored American Depositary Receipt

See accompanying Notes to Schedule of Investments.
	10

Aston Funds
ASTON/Fairpointe Mid Cap Fund	July 31, 2015
Schedule of Investments (unaudited)

% of Total Net Assets

Shares			Market Value
COMMON STOCKS – 98.13%
		Consumer Discretionary – 21.12%
	1,429,100	BorgWarner	$	71,040,561
	2,140,800	Cooper Tire & Rubber		70,496,544
	4,711,800	DeVry Education Group		143,144,484
	1,774,700	Gannett *		22,449,955
	5,718,100	Interpublic Group		121,795,530
	823,200	Lear		85,670,424
	7,900,400	Mattel		183,368,284
	10,311,954	New York Times, Class A		136,324,032
	1,978,694	Scholastic		85,261,924
	1,330,000	Staples		19,564,300
	6,438,852	Time		143,715,177
				1,082,831,215
		Consumer Staples – 1.11%
	711,800	Bunge		56,837,230
		Energy – 6.66%
	4,582,992	FMC Technologies *		150,138,818
	18,982,100	McDermott International *		83,521,240
	8,148,900	Transocean Ltd. (Switzerland)		108,054,414
				341,714,472
		Financials – 7.58%
	1,164,800	Cincinnati Financial		64,308,608
	1,564,585	Eaton Vance		60,017,480
	1,589,400	Northern Trust		121,573,206
	2,418,700	Raymond James Financial		142,703,300
				388,602,594
		Healthcare – 4.48%
	1,483,900	Quest Diagnostics		109,526,659
	1,397,600	Varian Medical Systems *		120,291,432
				229,818,091
		Industrials – 17.47%
	3,054,300	AGCO		168,017,043
	1,986,000	Chicago Bridge & Iron (Netherlands)		105,536,040
	2,894,200	Con-way		112,266,018
	2,129,900	Copa Holdings SA, Class A (Panama)		160,871,347
	3,675,600	Owens Corning		164,850,660
	2,633,300	Werner Enterprises		74,364,392
	3,174,100	Xylem		109,601,673
				895,507,173
		Information Technology – 27.95%
	1,471,200	Akamai Technologies *		112,855,752
	1,088,400	Citrix Systems *		82,293,924
	6,447,692	Cree *		158,935,608
	4,424,800	Finisar *		77,035,768
	3,212,048	Itron *		103,524,307
	6,028,100	Jabil Circuit		122,069,025
	6,518,700	Juniper Networks		185,261,454
	8,603,300	Nuance Communications *		155,977,829
	4,526,500	NVIDIA		90,303,675
	3,212,900	Tegna		93,591,777
	4,691,700	Teradata *		174,108,987
	4,874,468	Unisys *		77,357,807
				1,433,315,913
		Materials – 11.76%
	12,738,800	Alcoa		125,731,956
	2,108,004	Domtar (Canada)		85,711,443
	3,237,062	FMC		157,126,989
	35,373,700	Gerdau SA, SP ADR		61,196,501
	8,889,800	United States Steel		173,084,406
				602,851,295
		Total Common Stocks (Cost $4,677,091,315)		5,031,477,983
INVESTMENT COMPANY – 1.30%
	66,823,337	BlackRock Liquidity Funds TempFund Portfolio		66,823,337
		Total Investment Company (Cost $66,823,337)		66,823,337
Total Investments – 99.43% (Cost $4,743,914,652)**				5,098,301,320
Net Other Assets and Liabilities – 0.57%				29,116,246
Net Assets – 100.00%			$	5,127,417,566

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.
	Gross unrealized appreciation	$	939,465,501
	Gross unrealized depreciation		(585,078,833	)
	Net unrealized appreciation	$	354,386,668

SP ADR      Sponsored American Depositary Receipt

See accompanying Notes to Schedule of Investments.
	11

Aston Funds
ASTON/Montag & Caldwell Mid Cap Growth Fund	July 31, 2015
Schedule of Investments (unaudited)

% of Total Net Assets

Shares				Market Value
COMMON STOCKS – 95.62%
			Consumer Discretionary – 22.83%
	1,111		Advance Auto Parts	$	193,547
	4,280		BorgWarner		212,759
	2,380		Dollar General		191,281
	4,410		Dollar Tree *		344,112
	5,630		Dunkin’ Brands Group		303,401
	2,290		Harman International Industries		246,541
	10,490		LKQ *		330,015
	722		O’Reilly Automotive *		173,504
	455		Panera Bread, Class A *		92,875
	1,040		PVH		120,682
	4,970		Ross Stores		264,205
	1,990		Tractor Supply		184,115
					2,657,037
			Consumer Staples – 6.22%
	1,700		Church & Dwight		146,761
	1,570		Mead Johnson Nutrition		138,772
	1,650		Molson Coors Brewing, Class B		117,381
	2,090		Monster Beverage *		320,919
					723,833
			Energy – 1.19%
	1,260		Core Laboratories (Netherlands)		138,134
			Financials – 11.02%
	4,290		First Republic Bank		273,659
	1,298		Intercontinental Exchange		295,996
	3,050		Lazard MLP, Class A (Bermuda)		169,001
	5,380		Raymond James Financial		317,420
	1,560		Signature Bank New York NY *		227,120
					1,283,196
			Healthcare – 14.42%
	2,200		AmerisourceBergen		232,650
	3,360		Cerner *		240,979
	643		Cooper		113,811
		920	Edwards Lifesciences *		139,987
	1,090		Henry Schein *		161,298
	2,260		IDEXX Laboratories *		164,370
	3,650		MEDNAX *		308,936
	737		Perrigo (Ireland)		141,651
	2,280		Quintiles Transnational Holdings *		174,922
					1,678,604
			Industrials – 24.17%
	4,940		AMETEK		262,067
	4,970		Copart *		179,069
	4,320		Expeditors International of Washington		202,478
	4,240		Fastenal		177,486
	5,060		HD Supply Holdings *		181,148
	2,230		IHS, Class A *		278,817
	2,940		J.B. Hunt Transport Services		247,313
	3,370		Nordson		249,751
	503		Roper Technologies		84,137
	1,630		Sensata Technologies Holding *		83,652
	2,090		Stericycle *		294,627
	3,070		Verisk Analytics *		239,798
	3,290		Wabtec		332,915
					2,813,258
			Information Technology – 15.77%
	2,850		Akamai Technologies *		218,624
	5,630		Amphenol, Class A		317,588
	2,230		ANSYS *		209,955
	3,740		EPAM Systems *		277,171
	1,140		F5 Networks *		152,920
	2,278		FactSet Research Systems		377,373
	2,770		WEX *		282,651
					1,836,282
			Total Common Stocks (Cost $9,015,816)		11,130,344
INVESTMENT COMPANY – 4.67%
	543,077		BlackRock Liquidity Funds TempFund Portfolio		543,077
			Total Investment Company (Cost $543,077)		543,077
Total Investments – 100.29% (Cost $9,558,893)**					11,673,421
Net Other Assets and Liabilities – (0.29)%					(33,825	)
Net Assets – 100.00%				$	11,639,596

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.
	Gross unrealized appreciation	$	2,187,903
	Gross unrealized depreciation		(73,375)
	Net unrealized appreciation	$	2,114,528

See accompanying Notes to Schedule of Investments.
	12

Aston Funds
ASTON/LMCG Small Cap Growth Fund	July 31, 2015
Schedule of Investments (unaudited)

% of Total Net Assets

Shares				Market Value
COMMON STOCKS – 95.23%
			Consumer Discretionary – 12.60%
	268,798		Black Diamond *	$	2,552,237
	139,826		Bloomin’ Brands		3,256,547
	7,779		Buffalo Wild Wings *		1,521,417
	53,857		Group 1 Automotive		5,222,513
	13,796		Lithia Motors, Class A		1,651,243
	27,897		Nexstar Broadcasting Group, Class A		1,600,172
	138,038		Party City Holdco *		2,846,344
	46,675		Sinclair Broadcast Group, Class A		1,354,509
	141,502		Sotheby’s		5,919,029
					25,924,011
			Consumer Staples – 0.93%
	41,984		United Natural Foods *		1,911,532
			Energy – 1.19%
	110,057		Memorial Resource Development *		1,683,872
	42,396		Rice Energy *		765,248
					2,449,120
			Financials – 3.59%
	37,014		Ashford Hospitality Prime		538,924
	27,857		Evercore Partners		1,637,992
	66,493		Great Western Bancorp		1,746,106
	52,350		Moelis, Class A		1,566,312
	29,800		PRA Group *		1,893,790
					7,383,124
			Healthcare – 24.05%
	37,986		Aduro Biotech *		995,993
	49,073		Akorn *		2,262,756
	44,939		Align Technology *		2,817,675
	82,405		AMN Healthcare Services *		2,425,179
	16,276		Amsurg *		1,167,640
		41,566	athenahealth *		5,817,577
	80,945		Community Health Systems *		4,736,092
	126,191		Cross Country Healthcare *		1,523,125
	49,836		Dyax *		1,226,464
	21,545		Esperion Therapeutics *		1,335,790
	54,057		FibroGen *		1,256,825
	63,112		HealthSouth		2,884,218
	40,495		HeartWare International *		3,673,301
	12,026		ICON (Ireland) *		971,701
	66,146		Insulet *		2,241,688
	4,422		Intercept Pharmaceuticals *		1,166,568
	24,984		LifePoint Health *		2,070,174
	17,921		Neurocrine Biosciences *		898,201
	58,933		PAREXEL International *		4,064,020
	102,395		Premier, Class A *		3,661,645
	11,800		Puma Biotechnology *		1,069,080
	45,669		Veeva Systems *		1,229,409
					49,495,121
			Industrials – 16.08%
	84,893		Advisory Board *		5,085,091
	337,315		Builders FirstSource *		5,073,218
	40,588		HEICO		2,225,440
	59,419		Hexcel		3,083,252
	102,749		Kelly Services, Class A		1,535,070
	176,742		Kforce		4,130,460
	79,499		Korn/Ferry International		2,661,627
	192,575		USG *		5,965,974
	47,919		WageWorks *		2,393,554
	21,612		XPO Logistics *		936,880
					33,090,566
			Information Technology – 29.70%
	118,303		Cardtronics *		4,385,492
	189,805		Cypress Semiconductor		2,178,961
	133,962		Dealertrack Technologies *		8,315,021
	77,301		ExlService Holdings *		2,996,960
	40,418		Fleetmatics Group (Ireland) *		1,934,810
	163,131		Global Eagle Entertainment *		2,026,087
	67,737		Heartland Payment Systems		4,220,015
	638,723		Internap *		5,882,639
	217,032		Lattice Semiconductor *		1,067,797
	28,987		MAXIMUS		1,977,203
	123,104		NetScout Systems *		4,909,388
	59,422		SciQuest *		706,528
	65,868		Semtech *		1,158,618
	43,227		SS&C Technologies Holdings		2,940,733
	212,545		Synchronoss Technologies *		10,159,651
	7,885		Ultimate Software Group *		1,452,496
	160,690		WNS Holdings, ADR *		4,790,169
					61,102,568
			Materials – 4.87%
	114,279		Boise Cascade *		3,791,777
	38,189		Eagle Materials		2,945,899
	130,726		Summit Materials, Class A *		3,279,915
					10,017,591

See accompanying Notes to Schedule of Investments.
	13

Aston Funds
ASTON/LMCG Small Cap Growth Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Shares			Market Value
		Telecommunication Services – 2.22%
	143,873	Cogent Communications Holdings	$	4,573,723
		Total Common Stocks (Cost $179,748,249)		195,947,356
WARRANTS – 0%
		Energy – 0.00%
	11,820	Magnum Hunter Resources, Strike Price $8.50, Expiration 04/15/16		—
		Total Warrants (Cost $—)		—
INVESTMENT COMPANY – 4.34%
	8,933,446	BlackRock Liquidity Funds TempFund Portfolio		8,933,446
		Total Investment Company (Cost $8,933,446)		8,933,446
Total Investments – 99.57% (Cost $188,681,695)**				204,880,802
Net Other Assets and Liabilities – 0.43%				880,781
Net Assets – 100.00%			$	205,761,583

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.
	Gross unrealized appreciation	$	21,146,912
	Gross unrealized depreciation		(4,947,805	)
	Net unrealized appreciation	$	16,199,107
ADR	American Depositary Receipt

See accompanying Notes to Schedule of Investments.
	14

Aston Funds
ASTON/River Road Independent Value Fund	July 31, 2015
Schedule of Investments (unaudited)

% of Total Net Assets

			Market
Shares			Value
COMMON STOCKS – 14.59%
		Energy – 1.69%
	256,623	QEP Resources	$	3,561,927
	158,542	Unit *		3,128,034
				6,689,961
		Financials – 0.48%
	81,068	Baldwin & Lyons, Class B		1,890,506
		Information Technology – 3.28%
	113,947	Benchmark Electronics *		2,513,671
	84,340	Convergys		2,117,777
	74,690	CSG Systems International		2,322,859
	248,505	Sykes Enterprises *		6,058,552
				13,012,859
		Materials – 7.37%
	3,604,938	Alamos Gold (Canada), Class A *		11,716,049
	3,107,195	New Gold (Canada) *		6,835,829
	1,709,268	Pan American Silver (Canada)		10,665,832
				29,217,710
		Utilities – 1.77%
	304,237	Empire District Electric		7,000,493
		Total Common Stocks (Cost $77,172,510)		57,811,529

INVESTMENT COMPANY – 85.99%
	340,621,095	BlackRock Liquidity Funds Treasury Trust Fund Portfolio		340,621,095
		Total Investment Company (Cost $340,621,095)		340,621,095
Total Investments – 100.58% (Cost $417,793,605)**				398,432,624
Net Other Assets and Liabilities – (0.58)%				(2,287,380	)
Net Assets – 100.00%			$	396,145,244

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	3,754,543
Gross unrealized depreciation		(23,115,524	)
Net unrealized depreciation	$	(19,360,981	)

See accompanying Notes to Schedule of Investments.
	15

Aston Funds
ASTON/River Road Select Value Fund	July 31, 2015
Schedule of Investments (unaudited)

% of Total Net Assets

			Market
Shares			Value
COMMON STOCKS – 97.85%
		Consumer Discretionary – 20.11%
	75,999	Ascena Retail Group *	$	951,507
	27,388	Ascent Capital Group, Class A *		1,068,954
	6,508	Biglari Holdings *		2,829,743
	31,366	Carmike Cinemas *		785,718
	15,010	Children’s Place		869,079
	97,065	International Speedway, Class A		3,326,418
	39,885	Liberty Broadband, Class C *		2,135,044
	16,048	Madison Square Garden, Class A *		1,338,403
	34,160	Michael Kors Holdings (British Virgin Islands) *		1,434,378
	18,593	Outerwall		1,316,756
	124,450	SeaWorld Entertainment		2,157,963
	100,040	SodaStream International (Israel) *		1,795,718
	61,050	Sotheby’s		2,553,722
	42,970	Tribune Media, Class A    .		2,169,555
				24,732,958
		Consumer Staples – 1.90%
	20,783	Darling Ingredients *		267,062
	9,902	Ingles Markets, Class A		458,265
	9,360	Sanderson Farms		674,014
	32,723	Village Super Market, Class A		938,496
				2,337,837
		Energy – 1.76%
	158,273	Evolution Petroleum		826,185
	284,840	Gran Tierra Energy *		626,648
	50,900	QEP Resources		706,492
				2,159,325
		Financials – 20.68%
	5,455	Alleghany *		2,651,839
	5,780	American National Insurance		618,171
	83,664	Brown & Brown		2,798,561
	42,521	Capital Southwest		2,088,206
	137,104	FNFV Group *		1,996,234
	70,353	Forest City Enterprises, Class A *		1,642,743
	52,094	Geo Group, REIT		1,966,549
	39,597	Hilltop Holdings *		833,517
	27,349	International Bancshares		736,509
	125,670	Leucadia National		2,955,758
	174,993	PICO Holdings *		2,157,664
	7,063	White Mountains Insurance Group (Bermuda)		4,986,478
				25,432,229
		Healthcare – 4.36%
	46,950	Air Methods *		1,849,361
	1,621	Bio-Rad Laboratories, Class A *		244,350
	41,924	Myriad Genetics *		1,430,447
	52,141	Owens & Minor		1,833,278
				5,357,436
		Industrials – 20.96%
	148,045	ADT		5,111,994
	118,441	Air Transport Services Group *		1,225,864
	79,050	Brink’s		2,468,732
	43,427	Clean Harbors *		2,150,505
	15,736	Forward Air		763,983
	60,740	Kelly Services, Class A		907,456
	82,590	KLX *		3,244,135
	89,224	Marten Transport		1,730,053
	102,581	SP Plus *		2,682,493
	43,510	UniFirst		4,821,778
	14,759	US Ecology		677,291
				25,784,284
		Information Technology – 18.32%
	84,712	Blackhawk Network Holdings *		3,890,822
	117,792	CSG Systems International		3,663,331
	101,360	Dolby Laboratories, Class A		3,562,804
	23,370	IAC/InterActive		1,805,566
	34,257	Knowles *		652,596
	103,721	NeuStar, Class A *		3,201,867
	96,617	Rovi *		1,061,821
	35,473	Sykes Enterprises *		864,832
	45,880	Tech Data *		2,676,180
	100,370	Vishay Intertechnology		1,152,248
				22,532,067
		Materials – 3.33%
	18,980	Airgas		1,936,340
	31,949	AptarGroup		2,165,822
				4,102,162

See accompanying Notes to Schedule of Investments.
	16

Aston Funds
ASTON/River Road Select Value Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

			Market
Shares			Value
		Telecommunication Services – 3.60%
	24,383	Atlantic Tele-Network	$	1,724,853
	91,779	Telephone & Data Systems		2,699,220
				4,424,073
		Utilities – 2.83%
	66,930	ITC Holdings		2,260,894
	22,685	National Fuel Gas		1,226,577
				3,487,471
		Total Common Stocks (Cost $114,348,905)		120,349,842
INVESTMENT COMPANY – 2.99%
	3,673,926	BlackRock Liquidity Funds TempFund Portfolio		3,673,926
		Total Investment Company (Cost $3,673,926)		3,673,926
Total Investments – 100.84% (Cost $118,022,831)**				124,023,768
Net Other Assets and Liabilities – (0.84)%				(1,035,606	)
Net Assets – 100.00%			$	122,988,162

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	13,793,188
Gross unrealized depreciation		(7,792,251	)
Net unrealized appreciation	$	6,000,937

REIT Real Estate Investment Trust

See accompanying Notes to Schedule of Investments.
	17

Aston Funds
ASTON/River Road Small Cap Value Fund	July 31, 2015
Schedule of Investments (unaudited)

% of Total Net Assets

			Market
Shares			Value
COMMON STOCKS – 88.97%
		Consumer Discretionary – 20.15%
	221,898	Ascena Retail Group *	$	2,778,163
	64,044	Ascent Capital Group, Class A *		2,499,637
	14,549	Biglari Holdings *		6,326,051
	72,356	Carmike Cinemas *		1,812,518
	38,000	Children’s Place		2,200,200
	223,720	International Speedway, Class A		7,666,884
	96,630	Liberty Tax		2,537,504
	66,610	Marcus		1,396,146
	200,552	Monarch Casino & Resort *		3,732,273
	23,195	Motorcar Parts of America *		687,268
	41,500	Outerwall		2,939,030
	93,387	Remy International		2,764,255
	277,760	SeaWorld Entertainment		4,816,358
	231,130	SodaStream International (Israel) *		4,148,783
	134,510	Sotheby’s		5,626,553
	99,140	Stage Stores		1,744,864
	225,360	UCP Class A *		1,694,707
				55,371,194
		Consumer Staples – 2.75%
	104,670	Darling Ingredients *		1,345,009
	37,759	Ingles Markets, Class A		1,747,487
	20,910	Sanderson Farms		1,505,729
	102,934	Village Super Market, Class A		2,952,147
				7,550,372
		Energy – 3.21%
	604,473	Evolution Petroleum (a)		3,155,349
	862,180	Gran Tierra Energy *		1,896,796
	69,404	PHI *		1,924,573
	132,000	QEP Resources		1,832,160
				8,808,878
		Financials – 15.46%
	66,000	1st Source		2,243,340
	40,390	American National Insurance		4,319,710
	108,784	Capital Southwest		5,342,382
	6,685	First Citizens BancShares, Class A		1,713,633
	302,711	FNFV Group *		4,407,472
	114,254	GEO Group, REIT		4,313,089
	141,120	Hilltop Holdings *		2,970,576
	54,269	International Bancshares		1,461,464
	357,294	PICO Holdings *		4,405,435
	16,018	White Mountains Insurance Group (Bermuda)		11,308,708
				42,485,809
		Healthcare – 4.29%
	104,620	Air Methods *		4,120,982
	101,008	Myriad Genetics *		3,446,393
	119,700	Owens & Minor		4,208,652
				11,776,027
		Industrials – 18.46%
	238,688	Air Transport Services Group *		2,470,421
	170,134	Brink’s		5,313,285
	88,840	Clean Harbors *		4,399,357
	28,037	Cubic		1,244,002
	35,610	Forward Air		1,728,866
	164,640	Kelly Services, Class A		2,459,722
	180,900	KLX *		7,105,752
	202,157	Marten Transport		3,919,824
	309,369	SP Plus *		8,089,999
	91,397	UniFirst		10,128,616
	34,218	US Ecology		1,570,264
	81,360	Werner Enterprises		2,297,606
				50,727,714
		Information Technology – 20.65%
	177,280	Blackhawk Network Holdings *		8,142,470
	134,105	Computer Services (a)		5,417,842
	69,600	Convergys		1,747,656
	273,060	CSG Systems International		8,492,166
	269,800	Daktronics		3,083,814
	66,757	ePlus *		5,134,281
	116,728	Ituran Location and Control (Israel) (a)		2,994,073
	71,040	Knowles *		1,353,312
	212,830	NeuStar, Class A *		6,570,062
	214,330	Rovi *		2,355,487
	117,483	Sykes Enterprises *		2,864,236
	105,110	Tech Data *		6,131,066
	214,530	Vishay Intertechnology		2,462,804
				56,749,269

See accompanying Notes to Schedule of Investments.
	18

Aston Funds
ASTON/River Road Small Cap Value Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

			Market
Shares			Value
		Telecommunication Services – 4.00%
	64,880	Atlantic Tele-Network	$	4,589,611
	217,160	Telephone & Data Systems		6,386,676
				10,976,287
		Total Common Stocks (Cost $204,326,861)		244,445,550
INVESTMENT COMPANY – 10.77%
	29,592,508	BlackRock Liquidity Funds TempFund Portfolio		29,592,508
		Total Investment Company (Cost $29,592,508)		29,592,508
Total Investments – 99.74% (Cost $233,919,369)**				274,038,058
Net Other Assets and Liabilities – 0.26%				714,725
Net Assets – 100.00%			$	274,752,783

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	51,653,612
Gross unrealized depreciation		(11,534,923	)
Net unrealized appreciation	$	40,118,689

(a)	These securities have been determined by the Subadviser to be illiquid securities. At July 31, 2015, these securities amounted to $11,567,264 or 4.21% of net assets.
REIT	Real Estate Investment Trust

See accompanying Notes to Schedule of Investments.
	19

Aston Funds
ASTON/Silvercrest Small Cap Fund	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets

Shares			Market Value
COMMON STOCKS – 99.54%
		Consumer Discretionary – 9.52%
	68,660	EW Scripps, Class A	$	1,508,460
	51,270	Hillenbrand		1,454,017
	83,190	La-Z-Boy		2,113,026
	17,580	Lithia Motors, Class A		2,104,150
	29,730	Men’s Wearhouse		1,769,530
	74,580	Wolverine World Wide		2,186,686
				11,135,869
		Consumer Staples – 4.23%
	20,164	J & J Snack Foods		2,386,611
	27,454	Lancaster Colony		2,558,987
				4,945,598
		Energy – 2.28%
	69,810	Forum Energy Technologies *		1,066,697
	72,750	Matador Resources *		1,602,682
				2,669,379
		Financials – 24.11%
	102,310	BancorpSouth		2,585,374
	45,170	Bank of the Ozarks		1,992,900
	150,810	CVB Financial		2,670,845
	38,908	EastGroup Properties, REIT		2,342,262
	97,144	Horace Mann Educators		3,423,355
	34,069	Iberiabank		2,199,154
	60,863	Independent Bank/Rockland MA		2,943,335
	31,040	PacWest Bancorp		1,436,842
	71,710	Pebblebrook Hotel Trust, REIT		2,918,597
	124,210	Physicians Realty Trust, REIT		1,992,328
	45,780	QTS Realty Trust, Class A, REIT		1,899,870
	32,510	Stifel Financial *		1,786,424
				28,191,286
		Healthcare – 11.05%
	27,347	Analogic		2,202,801
	39,930	Greatbatch *		2,177,383
	24,784	ICU Medical *		2,476,417
	43,850	INC Research Holdings, Class A *		2,193,815
	34,450	Integra LifeSciences Holdings *		2,209,278
	24,090	STERIS		1,665,342
				12,925,036
		Industrials – 20.37%
	75,955	Altra Industrial Motion		1,929,257
	43,393	Applied Industrial Technologies		1,676,272
	148,500	CBIZ *		1,455,300
	33,690	CIRCOR International		1,611,393
	53,506	EMCOR Group		2,559,192
	45,460	ESCO Technologies		1,730,662
	21,750	G & K Services, Class A		1,425,930
	105,680	Knoll		2,557,456
	41,899	MSA Safety		2,164,083
	25,460	Standex International		1,905,426
	63,589	US Ecology		2,918,099
	33,910	Watts Water Technologies, Class A		1,880,649
				23,813,719
		Information Technology – 15.77%
	99,697	ACI Worldwide *		2,359,828
	164,980	Entegris *		2,444,179
	17,257	FEI		1,483,584
	41,370	Itron *		1,333,355
	29,165	Littelfuse		2,683,180
	81,090	M/A-COM Technology Solutions Holdings *		2,733,544
	92,490	Mentor Graphics		2,413,064
	27,260	Methode Electronics		731,386
	63,725	MKS Instruments		2,262,237
				18,444,357
		Materials – 6.04%
	72,540	Calgon Carbon		1,283,233
	31,840	Minerals Technologies		2,061,640
	88,853	PH Glatfelter		1,813,490
	27,859	Sensient Technologies		1,905,277
				7,063,640
		Utilities – 6.17%
	49,443	MGE Energy		1,961,898
	49,630	ONE Gas		2,234,839
	36,519	Portland General Electric		1,315,049
	35,603	UIL Holdings		1,706,808
				7,218,594
		Total Common Stocks (Cost $111,367,738)		116,407,478

See accompanying Notes to Schedule of Investments.
	20

Aston Funds
ASTON/Silvercrest Small Cap Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Shares			Market Value
INVESTMENT COMPANY – 0.73%
	857,513	BlackRock Liquidity Funds TempFund Portfolio	$	857,513
		Total Investment Company (Cost $857,513)		857,513
Total Investments – 100.27% (Cost $112,225,251)**				117,264,991
Net Other Assets and Liabilities – (0.27)%				(319,573	)
Net Assets – 100.00%			$	116,945,418

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	9,056,012
Gross unrealized depreciation		(4,016,272	)
Net unrealized appreciation	$	5,039,740

REIT Real Estate Investment Trust

See accompanying Notes to Schedule of Investments.
	21

Aston Funds
ASTON/TAMRO Small Cap Fund	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets

Shares			Market Value
COMMON STOCKS – 93.61%
		Consumer Discretionary – 22.07%
	276,510	Dorman Products *	$	14,594,198
	199,829	Eros International *		7,149,882
	343,832	Five Below *		12,677,086
	584,910	Iconix Brand Group *		12,710,094
	171,296	Monro Muffler Brake		10,834,472
	100,817	Morningstar		8,588,600
	1,076,259	Pier 1 Imports		12,710,619
	168,820	Pool		11,888,304
	157,095	Red Robin Gourmet Burgers *		14,397,757
	67,541	Rentrak *		4,624,532
	317,534	Steven Madden *		13,234,817
	332,872	Texas Roadhouse		13,111,828
	318,302	Zoe’s Kitchen *		14,275,845
				150,798,034
		Consumer Staples – 7.77%
	13,805	Boston Beer, Class A *		3,044,279
	57,749	Calavo Growers		3,147,898
	90,502	Casey’s General Stores		9,250,662
	168,240	Sanderson Farms		12,114,962
	154,183	TreeHouse Foods *		12,636,839
	283,792	United Natural Foods *		12,921,050
				53,115,690
		Financials – 14.19%
	404,107	Bank of the Ozarks		17,829,201
	138,280	BofI Holding *		16,987,698
	504,134	Colony Capital, Class A, REIT		11,453,924
	257,761	Financial Engines		11,820,919
	232,019	GEO Group, REIT		8,758,717
	169,166	Hanover Insurance Group		13,677,071
	50,676	Home BancShares		2,017,918
	262,591	Stifel Financial *		14,429,375
				96,974,823
		Healthcare – 14.46%
	258,302	Cepheid *		14,359,008
	46,803	Clovis Oncology *		3,951,577
	168,138	ICU Medical *		16,800,349
	326,899	INC Research Holdings, Class A *		16,354,757
	260,060	Medidata Solutions *		13,991,228
	167,418	Neogen *		9,742,053
	384,450	Repligen *		13,459,595
	319,383	Retrophin *		10,137,216
				98,795,783
		Industrials – 15.05%
	286,647	Advisory Board *		17,170,155
	167,386	Barnes Group		6,516,337
	140,211	CEB		10,728,946
	449,863	Healthcare Services Group		15,704,717
	198,407	Landstar System		14,291,256
	164,618	Proto Labs *		12,407,259
	391,123	Simpson Manufacturing		14,010,026
	276,496	Team *		11,999,926
				102,828,622
		Information Technology – 17.87%
	405,144	Cardtronics *		15,018,688
	153,989	Cavium *		10,440,454
	221,265	Interactive Intelligence Group *		9,173,647
	194,619	Manhattan Associates *		12,615,204
	805,234	Pandora Media *		14,107,700
	321,092	SolarWinds *		12,808,360
	165,183	Synaptics *		13,112,227
	295,046	Synchronoss Technologies *		14,103,199
	70,154	Tyler Technologies *		9,789,289
	339,803	VeriFone Systems *		10,934,861
				122,103,629
		Materials – 2.20%
	230,975	Balchem		13,089,353
	114,706	Flotek Industries *		1,963,767
				15,053,120
		Total Common Stocks (Cost $494,857,459)		639,669,701

See accompanying Notes to Schedule of Investments.
	22

Aston Funds
ASTON/TAMRO Small Cap Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Shares			Market Value
INVESTMENT COMPANY – 3.26%
	22,270,496	BlackRock Liquidity Funds TempFund Portfolio	$	22,270,496
		Total Investment Company (Cost $22,270,496)		22,270,496
Total Investments – 96.87% (Cost $517,127,955)**				661,940,197
Net Other Assets and Liabilities – 3.13%				21,355,977
Net Assets – 100.00%			$	683,296,174

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	156,402,809
Gross unrealized depreciation		(11,590,567	)
Net unrealized appreciation	$	144,812,242

REIT Real Estate Investment Trust

See accompanying Notes to Schedule of Investments.
	23

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets

At July 31, 2015, 26.31% of the Total Net Assets of the Fund were comprised of securities of issuers located outside the United States. 

Par Value			Market Value
CORPORATE NOTES AND BONDS – 33.18%
		Consumer Discretionary – 1.70%
$	255,000	American Axle & Manufacturing 6.625%, 10/15/22	$	267,750
	165,000	Asbury Automotive Group 6.000%, 12/15/24 (a)		172,425
	85,000	Family Tree Escrow LLC Senior Secured Notes 5.750%, 03/01/23 (a)		90,100
	315,000	Ford Motor Senior Unsecured Notes 7.450%, 07/16/31		404,220
	200,000	Gol LuxCo SA (Luxembourg) 8.875%, 01/24/22		162,000
	350,000	Goodyear Tire & Rubber 7.000%, 05/15/22		382,375
	340,000	Gray Television 7.500%, 10/01/20		361,250
	600,000	Grupo Idesa SA de CV (Mexico) 7.875%, 12/18/20 (a)		633,000
	300,000	Hutchison Whampoa International 12 (Cayman Islands) 6.000%, 05/29/49 (b)		317,967
	200,000	Hutchison Whampoa International 12 II (Cayman Islands) 3.250%, 11/08/22		201,472
	250,000	InRetail Shopping Malls (Peru) 6.500%, 07/09/21		268,750
	220,000	Levi Strauss Senior Unsecured Notes 5.000%, 05/01/25 (a)		213,400
	220,000	MGM Resorts International 6.625%, 12/15/21		233,475
		NCL (Bermuda)
	45,000	5.000%, 02/15/18		45,900
		Senior Unsecured Notes
	405,000	5.250%, 11/15/19 (a)		421,200
	95,000	Pilgrim’s Pride 5.750%, 03/15/25 (a)		97,375
	175,000	Regal Entertainment Group Senior Unsecured Notes 5.750%, 03/15/22		180,031
	340,000	Sally Holdings 5.750%, 06/01/22		356,150
	205,000	Station Casinos 7.500%, 03/01/21		219,863
	395,000	Teva Pharmaceutical Finance Co BV (Cook Islands) 2.950%, 12/18/22		379,636
	430,000	Viking Cruises (Bermuda) Senior Unsecured Notes 8.500%, 10/15/22 (a)		479,988
	800,000	Walgreens Boots Alliance Senior Unsecured Notes 4.800%, 11/18/44		754,755
				6,643,082
		Consumer Staples – 3.87%
	400,000	Ajecorp BV (Netherlands) 6.500%, 05/14/22		298,500
		Camposol SA (Peru)
	150,000	9.875%, 02/02/17 (a)		153,562
	280,000	9.875%, 02/02/17		286,650
		Cencosud SA (Chile)
	500,000	5.500%, 01/20/21		530,289
	900,000	4.875%, 01/20/23		912,561
	600,000	Central American Bottling (British Virgin Islands) 6.750%, 02/09/22		642,000
	400,000	Coca-Cola Senior Unsecured Notes 1.650%, 11/01/18		402,354
	800,000	Corp Azucarera del Peru SA (Peru) 6.375%, 08/02/22		711,052
	350,000	Cosan Overseas (Cayman Islands) 8.250%, 11/29/49		343,000
	175,000	Dana Holding Senior Unsecured Notes 5.500%, 12/15/24		173,250
	1,111,050	ENA Norte Trust (Panama) 4.950%, 04/25/23 Glencore Funding		1,158,270
	105,000	2.500%, 01/15/19 (a)		102,831
	175,000	3.125%, 04/29/19 (a)		175,246
	400,000	Grupo Bimbo SAB de CV (Mexico) 4.500%, 01/25/22		420,600
	450,000	HCA 5.375%, 02/01/25		461,340

See accompanying Notes to Schedule of Investments.
	24

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

			Market
Par Value			Value
		Consumer Staples (continued)
$	400,000	JBS Investments GmbH (Austria) 7.250%, 04/03/24	$	412,000
	225,000	JBS USA Senior Unsecured Notes 5.750%, 06/15/25 (a)		223,525
	173,000	Kellogg Senior Unsecured Notes 7.450%, 04/01/31		222,502
	185,000	Kindred Escrow II Senior Secured Notes 8.000%, 01/15/20 (a)		200,725
	385,000	Kraft Heinz Foods 1.600%, 06/30/17 (a)		385,552
	590,000	Kroger Senior Unsecured Notes 3.400%, 04/15/22		597,098
		Laboratory Corp of America Holdings Senior Unsecured Notes
	400,000	2.500%, 11/01/18		406,132
	405,000	4.700%, 02/01/45		379,011
	200,000	Maestro Peru SA (Peru) 6.750%, 09/26/19		213,000
		Marfrig Holding Europe BV (Netherlands)
	200,000	8.375%, 05/09/18		199,000
	200,000	6.875%, 06/24/19 (a)		185,000
	800,000	6.875%, 06/24/19		738,000
		Minerva Luxembourg SA (Luxembourg)
	400,000	7.750%, 01/31/23		402,880
	300,000	8.750%, 12/29/49 (a) (b)		302,625
	600,000	8.750%, 12/29/49 (b)		605,250
	380,000	PepsiCo Senior Unsecured Notes 3.100%, 07/17/22		387,201
	325,000	Post Holdings 7.375%, 02/15/22		333,184
	405,000	Revlon Consumer Products 5.750%, 02/15/21		409,050
	105,000	Rite Aid 6.125%, 04/01/23 (a)		109,463
	335,000	Scientific Games International Senior Secured Notes 7.000%, 01/01/22 (a)		348,819
	345,000	Service Corp International Senior Unsecured Notes 5.375%, 01/15/22		364,838
	165,000	Spectrum Brands 5.750%, 07/15/25 (a)		170,742
	765,000	Tyson Foods 3.950%, 08/15/24		775,459
				15,142,561
		Energy – 4.11%
	400,000	AES General SA Senior Unsecured Notes 5.250%, 08/15/21		428,698
	375,000	BP Capital Markets (United Kingdom) 3.062%, 03/17/22		375,740
	380,000	Chevron Senior Unsecured Notes 1.365%, 03/02/18		379,514
	1,400,000	CNOOC Finance 2015 Australia Property (Australia) 2.625%, 05/05/20		1,381,036
	200,000	CNPC HK Overseas Capital (British Virgin Islands) 4.500%, 04/28/21		213,362
	800,000	Comision Federal De Electricidad (Mexico) Senior Unsecured Notes 4.875%, 05/26/21		848,776
	305,000	ConocoPhillips 6.500%, 02/01/39		381,326
		Delek & Avner Tamar Bond (Israel) Senior Unsecured Notes
	1,300,000	4.435%, 12/30/20 (a)		1,330,875
	140,000	5.412%, 12/30/25 (a)		141,400
	195,000	Devon Energy Senior Unsecured Notes 6.300%, 01/15/19		220,550
		Ecopetrol SA (Colombia) Senior Unsecured Notes
	400,000	4.125%, 01/16/25		368,000
	300,000	7.375%, 09/18/43		314,034
	1,150,000	5.875%, 05/28/45		1,009,102
	385,000	Energy Transfer Partners LP Senior Unsecured Notes 4.750%, 01/15/26		377,581
		Energy XXI Gulf Coast
	330,000	9.250%, 12/15/17		130,350
	65,000	7.500%, 12/15/21		13,650
		Senior Secured Notes
	124,000	11.000%, 03/15/20 (a)		92,922
	115,000	EP Energy 9.375%, 05/01/20		119,600
	115,000	EPL Oil & Gas 8.250%, 02/15/18		56,637
	50,000	Gibson Energy (Canada) 6.750%, 07/15/21 (a)		51,125
		Inkia Energy (Bermuda) Senior Unsecured Notes
	200,000	8.375%, 04/04/21 (a)		213,700
	400,000	8.375%, 04/04/21		427,400
	1,200,000	Instituto Costarricense de Electricidad (Costa Rica) Senior Unsecured Notes 6.950%, 11/10/21		1,260,000
	370,000	Kinder Morgan Energy Partners, MTN Senior Unsecured Notes 6.950%, 01/15/38		393,239
	595,000	Memorial Production Partners Senior Unsecured Notes 6.875%, 08/01/22		478,975
		Pacific Rubiales Energy (Canada)
	750,000	5.125%, 03/28/23		478,125

See accompanying Notes to Schedule of Investments.
	25

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

			Market
Par Value			Value
		Energy (continued)
$	500,000	5.625%, 01/19/25 (a)	$	317,350
	300,000	5.625%, 01/19/25		190,410
		Petroleos Mexicanos (Mexico)
	200,000	5.500%, 01/21/21		216,958
	400,000	4.500%, 01/23/26 (a)		393,200
	835,000	5.625%, 01/23/46 (a)		789,952
		Phillips 66
	95,000	5.875%, 05/01/42		104,910
	75,000	4.875%, 11/15/44		72,442
	500,000	Reliance Industries (India) Senior Unsecured Notes 5.875%, 02/28/49		504,325
	130,000	Sanchez Energy 6.125%, 01/15/23		105,950
	235,000	Seven Generations Energy (Canada) Senior Unsecured Notes 8.250%, 05/15/20 (a)		242,050
	295,000	Southern Star Central Senior Unsecured Notes 5.125%, 07/15/22 (a)		300,900
	445,000	Tesoro Logistics Senior Unsecured Notes 6.250%, 10/15/22 (a)		467,250
	200,000	Transportadora de Gas Internacional SA ESP (Colombia) Senior Unsecured Notes 5.700%, 03/20/22		213,000
	460,000	Triangle USA Petroleum Senior Unsecured Notes 6.750%, 07/15/22 (a)		315,100
	380,000	Ultra Petroleum (Canada) Senior Unsecured Notes 5.750%, 12/15/18 (a)		342,000
				16,061,514
		Financials – 9.01%
		Agromercantil Senior Trust (Cayman Islands)
	400,000	6.250%, 04/10/19 (a)		416,000
	900,000	6.250%, 04/10/19		936,000
	375,000	Air Lease Senior Unsecured Notes 3.750%, 02/01/22		376,567
	370,000	Ally Financial Senior Unsecured Notes 4.125%, 03/30/20		373,700
	145,000	American Express Credit Senior Unsecured Notes 2.125%, 03/18/19		145,796
	630,000	American Express Credit, GMTN Senior Unsecured Notes 2.250%, 08/15/19		632,317
	100,000	Argos Merger Sub Senior Unsecured Notes 7.125%, 03/15/23 (a)		106,000
	665,000	Australia & New Zealand Banking Group, EMTN (Australia) Senior Unsecured Notes 4.875%, 01/12/21 (a)		744,603
	500,000	Banco Continental SAECA (Paraguay) Senior Unsecured Notes 8.875%, 10/15/17		518,375
	600,000	Banco de Costa Rica (Cost Rica) 5.250%, 08/12/18		617,400
	500,000	Banco do Brasil SA/Cayman Islands (Brazil) 9.000%, 06/29/49 (a) (b)		431,100
	700,000	Banco GNB Sudameris SA (Colombia) Subordinated Notes 7.500%, 07/30/22		754,250
	800,000	Banco Inbursa SA Institucion de Banca Multiple (Mexico) Senior Unsecured Notes 4.125%, 06/06/24		792,000
	200,000	Banco Internacional del Peru SAA (Peru) 8.500%, 04/23/70 (b)		224,500
	700,000	Banco Latinoamericano de Comercio Exterior SA (Panama) Senior Unsecured Notes 3.250%, 05/07/20 (a)		700,350
	600,000	Banco Nacional de Costa Rica (Costa Rica) Senior Unsecured Notes 4.875%, 11/01/18		610,500
		Banco Regional SAECA (Paraguay) Senior Unsecured Notes
	150,000	8.125%, 01/24/19 (a)		159,562
	950,000	8.125%, 01/24/19		1,010,562
	700,000	Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand (Mexico) Subordinated Notes 5.950%, 01/30/24 (b)		742,000
	585,000	Bank of America Senior Unsecured Notes 2.000%, 01/11/18		587,327
	400,000	Bank of Montreal, MTN (Canada) Senior Unsecured Notes 2.375%, 01/25/19		405,351
	150,000	Bantrab Senior Trust (Cayman Islands) Senior Secured Notes 9.000%, 11/14/20		157,885
	395,000	BB&T Senior Unsecured Notes 2.450%, 01/15/20		397,525
	600,000	BBVA Banco Continental SA (Peru) Subordinated Notes 5.250%, 09/22/29 (b)		609,000
		BBVA Bancomer SA (Mexico) Subordinated Notes
	200,000	6.008%, 05/17/22 (b)		207,500
	300,000	5.350%, 11/12/29 (a) (b)		304,500
	1,100,000	5.350%, 11/12/29 (b)		1,116,500

See accompanying Notes to Schedule of Investments.
	26

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

			Market
Par Value			Value
		Financials (continued)
$	250,000	BBVA Colombia SA (Colombia) Subordinated Notes 4.875%, 04/21/25 (a)	$	249,875
	360,000	Boston Properties, REIT Senior Unsecured Notes 4.125%, 05/15/21		383,121
	200,000	Cementos Progreso Trust (Cayman Islands) 7.125%, 11/06/23		214,599
		CIMPOR Financial Operations BV (Netherlands)
	200,000	5.750%, 07/17/24 (a)		158,000
	200,000	5.750%, 07/17/24		158,000
	570,000	Citigroup Senior Unsecured Notes 1.750%, 05/01/18		567,343
	300,000	Comcel Trust (Cayman Islands) 6.875%, 02/06/24 (a)		318,840
	500,000	CorpFinancierade DeSarrollo SA (Peru) Senior Unsecured Notes 3.250%, 07/15/19 (a)		506,250
		CorpGroup Banking SA (Chile) Senior Unsecured Notes
	250,000	6.750%, 03/15/23 (a)		252,141
	500,000	6.750%, 03/15/23		504,282
		Credito Real SAB de CV (Mexico) Senior Unsecured Notes
	200,000	7.500%, 03/13/19 (a)		210,500
	200,000	7.500%, 03/13/19		210,500
	740,000	General Electric Capital Senior Unsecured Notes 2.900%, 01/09/17		759,420
		General Motors Financial
	105,000	2.400%, 04/10/18		104,689
	425,000	3.200%, 07/13/20		420,894
		Global Bank (Panama)
	800,000	4.750%, 10/05/17		819,100
	200,000	5.125%, 10/30/19		207,250
		Senior Unsecured Notes
	700,000	5.125%, 10/30/19 (a)		725,375
	380,000	Goldman Sachs Group Senior Unsecured Notes 2.600%, 04/23/20		380,147
	500,000	GrupoSura Finance SA (Cayman Islands) 5.700%, 05/18/21		541,000
	1,550,000	Guanay Finance (Cayman Islands) Senior Secured Notes 6.000%, 12/15/20		1,612,000
	375,000	Icahn Enterprises 4.875%, 03/15/19		387,656
	700,000	Industrial Senior Trust (Cayman Islands) 5.500%, 11/01/22		679,875
	775,000	JPMorgan Chase Senior Unsecured Notes 1.700%, 03/01/18		774,083
	479,000	Liberty Mutual Group 6.500%, 05/01/42 (a)		575,791
	700,000	Magnesita Finance (British Virgin Islands) 8.625%, 04/29/49		568,750
	800,000	MetLife Senior Unsecured Notes 4.125%, 08/13/42		760,074
		Morgan Stanley Senior Unsecured Notes
	375,000	2.650%, 01/27/20		376,692
	370,000	3.750%, 02/25/23		378,129
	235,000	MUFG Americas Holdings Senior Unsecured Notes 1.625%, 02/09/18		234,437
		National Rural Utilities Cooperative Finance
	105,000	10.375%, 11/01/18		132,665
	540,000	2.000%, 01/27/20		534,984
	800,000	Oversea-Chinese Banking, EMTN (Singapore) Subordinated Notes 4.000%, 10/15/24 (b)		822,042
	380,000	PNC Funding 3.300%, 03/08/22		390,294
		Simon Property Group, REIT Senior Unsecured Notes
	175,000	5.650%, 02/01/20		199,412
	170,000	4.125%, 12/01/21		182,330
	375,000	Synchrony Financial Senior Unsecured Notes 3.000%, 08/15/19		378,386
	1,000,000	Tanner Servicios Financieros SA (Chile) Senior Unsecured Notes 4.375%, 03/13/18		1,023,603
	375,000	TIAA Asset Management Finance Senior Unsecured Notes 2.950%, 11/01/19 (a)		379,432
	385,000	Toronto-Dominion Bank Senior Unsecured Notes 1.750%, 07/23/18		385,023
		Unifin Financiera SA de CV (Mexico)
	200,000	6.250%, 07/22/19 (a)		196,360
	700,000	6.250%, 07/22/19		687,260
	1,000,000	United Overseas Bank, EMTN (Singapore) Subordinated Notes 3.750%, 09/19/24 (b)		1,025,380
		Wells Fargo, GMTN Senior Unsecured Notes
	80,000	4.600%, 04/01/21		87,641
	650,000	3.500%, 03/08/22		671,706
				35,212,501
		Healthcare – 1.31%
	378,000	AbbVie Senior Unsecured Notes 4.700%, 05/14/45		371,532
	765,000	Actavis Funding SCS (Luxembourg) 2.350%, 03/12/18		767,840
	395,000	Alere 6.500%, 06/15/20		412,775

See accompanying Notes to Schedule of Investments.
	27

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

			Market
Par Value			Value
		Healthcare (continued)
$	410,000	Amgen Senior Unsecured Notes 2.700%, 05/01/22	$	399,294
	285,000	Baxalta Senior Unsecured Notes 5.250%, 06/23/45 (a)		289,962
	415,000	Cardinal Health Senior Unsecured Notes 1.950%, 06/15/18		415,772
	505,000	Covidien International Finance SA (Luxembourg) 2.950%, 06/15/23		498,273
	390,000	LifePoint Hospitals 5.500%, 12/01/21		405,600
	190,000	Quintiles Transnational 4.875%, 05/15/23 (a)		193,205
	355,000	Select Medical 6.375%, 06/01/21		361,213
	220,000	Tenet Healthcare Senior Unsecured Notes 6.750%, 06/15/23 (a)		230,450
	375,000	WellPoint Senior Unsecured Notes 2.300%, 07/15/18		375,892
	390,000	Zimmer Holdings Senior Unsecured Notes 1.450%, 04/01/17		389,660
				5,111,468
		Industrials – 4.21%
	850,000	Aeropuerto Internacional de Tocumen SA (Panama) Senior Secured Notes 5.750%, 10/09/23		893,350
		Aeropuertos Dominicanos Siglo XXI SA (Domican Republic) Senior Secured Notes
	200,000	9.750%, 11/13/19 (a) (d)		207,000
	200,000	9.750%, 11/13/19 (d)		207,000
	120,000	Air Medical Merger Sub Senior Unsecured Notes 6.375%, 05/15/23 (a)		114,000
	195,000	Arcelormittal (Luxembourg) Senior Unsecured Notes 6.125%, 06/01/25		186,225
		Avianca Holdings SA (Panama)
	400,000	8.375%, 05/10/20 (a)		403,500
	800,000	8.375%, 05/10/20		807,000
	350,000	Avis Budget Car Rental 5.500%, 04/01/23		353,062
	460,000	Berry Plastics Secured Notes 5.500%, 05/15/22		467,475
	295,000	Boeing Senior Unsecured Notes 6.875%, 03/15/39		420,099
	380,000	Burlington Northern Santa Fe Senior Unsecured Notes 4.550%, 09/01/44		376,687
	365,000	Delphi 4.150%, 03/15/24		378,523
	289,000	Enterprise Products Operating 3.700%, 02/15/26		280,829
		ESAL GmbH (Austria)
	600,000	6.250%, 02/05/23 (a)		592,500
	200,000	6.250%, 02/05/23 (a)		197,500
	420,000	FedEx 4.100%, 02/01/45		384,474
	530,000	Gates Global 6.000%, 07/15/22 (a)		473,025
	400,000	Gol LuxCo SA (Luxembourg) 8.875%, 01/24/22 (a)		324,000
	200,000	Grupo Cementos de Chihuahua SAB de CV (Mexico) Senior Secured Notes 8.125%, 02/08/20		215,000
	750,000	Grupo Elektra SAB de CV (Mexico) 7.250%, 08/06/18		776,250
	200,000	Grupo Posadas SAB de CV (Mexico) 7.875%, 06/30/22 (a)		203,150
	395,000	HD Supply 7.500%, 07/15/20		424,625
	350,000	Hexion US Finance Senior Secured Notes 6.625%, 04/15/20		322,438
	800,000	Latam Airlines Group (Chile) Senior Unsecured Notes 7.250%, 06/09/20 (a)		820,710
	175,000	Manitowoc 8.500%, 11/01/20		184,625
	270,000	Milacron 7.750%, 02/15/21 (a)		280,125
		OAS Financial (British Virgin Islands)
	400,000	8.875%,04/29/49 (a)**		66,700
	600,000	8.875%,04/29/49**		100,050
	400,000	Odebrecht Finance (Cayman Island) 7.125%, 06/26/42		279,000
		Pesquera Exalmar S.A.A. (Peru) Senior Unsecured Notes
	200,000	7.375%, 01/31/20 (a)		166,500
	400,000	7.375%, 01/31/20		333,000
	505,000	Plastipak Holdings Senior Unsecured Notes 6.500%, 10/01/21 (a)		510,050
	370,000	Reynolds American 4.000%, 06/12/22		380,885
	395,000	Reynolds Group Issuer 8.250%, 02/15/21		411,788
		Southern Copper Senior Unsecured Notes
	100,000	3.875%, 04/23/25		96,314
	200,000	7.500%, 07/27/35		218,120
	335,000	Steel Dynamics 5.125%, 10/01/21		335,838
	260,000	Terex 6.000%, 05/15/21		261,950
	570,000	Thermo Fisher Scientific Senior Unsecured Notes 3.300%, 02/15/22		565,349

See accompanying Notes to Schedule of Investments.
	28

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

			Market
Par Value			Value
		Industrials (continued)
$	480,000	TransDigm 6.000%, 07/15/22	$	482,100
		Union Andina de Cementos SAA (Peru) Senior Unsecured Notes
	350,000	5.875%, 10/30/21 (a)		358,750
	900,000	5.875%, 10/30/21		922,500
	350,000	United Rentals North America 7.625%, 04/15/22		381,938
	310,000	Waste Management 4.100%, 03/01/45		287,581
				16,451,585
		Information Technology – 1.18%
	305,000	Activision Blizzard 5.625%, 09/15/21 (a)		321,012
	282,000	Apple Senior Unsecured Notes 0.900%, 05/12/17		281,803
	340,000	Audatex North America 6.000%, 06/15/21 (a)		348,500
	455,000	CDW 6.000%, 08/15/22		477,181
	400,000	Cisco Systems Senior Unsecured Notes 1.650%, 06/15/18		401,810
	350,000	Infor US Senior Unsecured Notes 6.500%, 05/15/22 (a)		358,750
		International Business Machines Senior Unsecured Notes
	430,000	1.125%, 02/06/18		428,151
	330,000	1.250%, 02/08/18		329,289
		Oracle Senior Unsecured Notes
	420,000	2.375%, 01/15/19		426,933
	425,000	2.250%, 10/08/19		427,859
	200,000	Tencent Holdings (Cayman Islands) Senior Unsecured Notes 3.800%, 02/11/25 (a)		195,773
	230,000	Tribune Media 5.875%, 07/15/22 (a)		236,486
	370,000	Xerox Senior Unsecured Notes 2.950%, 03/15/17		377,927
				4,611,474
		Materials – 2.20%
	275,000	Ashland 4.750%, 08/15/22		278,437
	500,000	Braskem America Finance 7.125%, 07/22/41		409,500
	1,100,000	Cia Minera Ares SAC (Peru) 7.750%, 01/23/21		1,090,375
	100,000	Colbun SA (Chile) Senior Unsecured Notes 6.000%, 01/21/20		110,729
	415,000	Dow Chemical Senior Unsecured Notes 3.000%, 11/15/22		403,504
		Freeport-McMoRan
	300,00	3.875%, 03/15/23		247,875
	850,000	5.450%, 03/15/43		629,382
	790,000	Georgia-Pacific Senior Unsecured Notes 3.600%, 03/01/25 (a)		785,726
	600,000	Grupo Idesa SA de CV (Mexico) 7.875%, 12/18/20		633,000
	95,000	Platform Specialty Products Senior Unsecured Notes 6.500%, 02/01/22 (a)		98,800
	525,000	Signode Industrial Group Lux SA Senior Unsecured Notes 6.375%, 05/01/22 (a)		515,813
	200,000	SINOPEC Group Overseas Developement (British Virgin Islands) 2.500%, 04/28/20 (a)		197,119
		Southern Copper Senior Unsecured Notes
	1,000,000	6.750%, 04/16/40		992,450
	280,000	5.250%, 11/08/42		238,661
		Vedanta Resources (United Kingdom) Senior Unsecured Notes
	800,000	7.125%, 05/31/23 (a)		708,000
	400,000	7.125%, 05/31/23		354,000
	650,000	Volcan Cia Minera SAA (Peru) 5.375%, 02/02/22		615,063
	277,000	WCI Communities 6.875%, 08/15/21		291,543
				8,599,977
		Telecommunications – 3.85%
	190,000	21st Century Fox America 4.750%, 09/15/44		188,400
	780,000	Alibaba Group Holding (Cayman Islands) 3.600%, 11/28/24 (a)		751,429
	375,000	Amazon.com Senior Unsecured Notes 3.800%, 12/05/24		378,389
	395,000	AT&T Senior Unsecured Notes 3.400%, 05/15/25		378,602
	700,000	B Communications (Israel) Senior Secured Notes 7.375%, 02/15/21 (a)		757,750
	701,000	British Telecommunications (United Kingdom) Senior Unsecured Notes 5.950%, 01/15/18		772,554
		CCO Holdings
	475,000	5.250%, 09/30/22		482,125
	70,000	5.125%, 05/01/23 (a)		69,562

See accompanying Notes to Schedule of Investments.
	29

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

			Market
Par Value			Value
		Telecommunications (continued)
$	195,000	Cequel Communications Holdings I Senior Unsecured Notes 6.375%, 09/15/20 (a)	$	197,194
		Comcast
	120,000	4.200%,08/15/34		118,873
	265,000	4.400%,08/15/35		268,947
	400,000	Comcel Trust Via Comunicaciones Celulares SA (Cayman Islands) 6.875%, 02/06/24 (a)		425,120
	355,000	CommScope 5.000%, 06/15/21 (a)		351,894
		Digicel Group (Bermuda) Senior Unsecured Notes
	300,000	7.125%, 04/01/22 (a)		276,750
	1,200,000	7.125%, 04/01/22		1,107,000
		ENTEL Chile SA (Chile) Senior Unsecured Notes
	300,000	4.750%, 08/01/26 (a)		297,753
	700,000	4.750%, 08/01/26		694,756
	240,000	Frontier Communications Senior Unsecured Notes 8.500%, 04/15/20		249,000
	755,000	Gannett 4.875%, 09/15/21 (a)		758,775
	200,000	Globo Comunicacao e Participacoes SA (Brazil) Senior Unsecured Notes 5.307%, 05/11/22 (d)		207,000
	255,000	Intelsat Jackson Holdings SA (Luxembourg) 5.500%, 08/01/23		232,050
	460,000	Level 3 Communications Senior Unsecured Notes 5.750%, 12/01/22		463,450
	375,000	Orange SA (France) Senior Unsecured Notes 2.750%, 09/14/16		381,341
	445,000	SBA Communications Senior Unsecured Notes 5.625%, 10/01/19		467,806
	40,000	SBA Telecommunications 5.750%, 07/15/20		41,950
	200,000	Sixsigma Networks Mexico SA de CV (Mexico) 8.250%, 11/07/21 (a)		206,700
	1,000,000	Telefonica Celular del Paraguay SA (Paraguay) Senior Unsecured Notes 6.750%, 12/13/22		1,039,700
	500,000	Telefonica Chile SA (Chile) Senior Unsecured Notes 3.875%, 10/12/22		492,013
	415,000	Time Warner 3.600%, 07/15/25		403,823
	200,000	TV Azteca SAB de CV (Mexico) 7.500%, 05/25/18		204,750
	500,000	TV Azteca SAB de CV, EMTN (Mexico) 7.625%, 09/18/20		517,500
	810,000	Verizon Communications Senior Unsecured Notes 4.400%, 11/01/34		763,721
	1,100,000	VTR Finance BV (Netherlands) Senior Secured Notes 6.875%, 01/15/24		1,122,000
				15,068,677
		Utilities – 1.74%
	600,000	Abengoa Transmision Sur SA (Peru) Senior Secured Notes 6.875%, 04/30/43 (a)		660,000
	900,000	AES Andres Dominicana (Cayman Island) Senior Secured Notes 9.500%, 11/12/20		938,250
	300,000	AES El Salvador Trust II (Panama) 6.750%, 03/28/23		286,500
	390,000	Duke Energy Progress 4.150%, 12/01/44		389,172
	700,000	Empresa Electrica Guacolda SA (Chile) Senior Unsecured Notes 4.560%, 04/30/25 (a)		688,530
	600,000	Empresas Publicas de Medellin ESP (Colombia) Senior Unsecured Notes 7.625%, 07/29/19		704,220
	297,821	Fermaca Enterprises S de RL de CV (Mexico) Senior Secured Notes 6.375%, 03/30/38 (a)		300,799
	1,500,000	Israel Electric (Israel) Senior Secured Notes 5.000%, 11/12/24 (a)		1,559,127
	393,648	Mexico Generadora de Energia S de RL (Mexico) Senior Secured Notes 5.500%, 12/06/32		382,035
	270,000	Midamerican Energy Holdings Senior Unsecured Notes 6.500%, 09/15/37		340,113
		Southern Senior Unsecured Notes
	125,000	1.950%,09/01/16		126,133
	440,000	2.450%,09/01/18		448,701
				6,823,580
		Total Corporate Notes and Bonds (Cost $132,581,528)		129,726,419
COLLATERALIZED MORTGAGE AND ASSET-BACKED SECURITIES – 17.60%
	3,179,950	Alternative Loan Trust Series 2007-J2, Class 2A1 6.000%, 07/25/37		3,266,199

See accompanying Notes to Schedule of Investments.
	30

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

			Market
Par Value			Value
$	1,016,905	American General Mortgage Loan Trust Series 2010-1A, Class A3 5.650%, 03/25/58 (a) (b)	$	1,032,666
	600,000	Banc of America Commercial Mortgage Trust Series 2007-1, Class AMFX 5.482%, 01/15/49 (b)		623,567
	350,000	Banc of America Commercial Mortgage Trust Series 2007-4, Class AM 5.809%, 02/10/51 (b)		375,083
	598,675	Banc of America Funding Series 2006-B, Class 7A1 5.730%, 03/20/36 (b)		544,692
	731,862	Banc of America Funding Series 2010-R9, Class 3A3 5.500%, 12/26/35 (a)		615,070
	281,730	Banc of America Funding Series 2012-R4, Class A 0.449%, 03/04/39 (a) (b)		278,723
	284,135	Bear Stearns Asset Backed Securities I Trust Series 2004-AC2, Class 2A 5.000%, 05/25/34		286,676
	450,000	Bear Stearns Commercial Mortgage Securities Trust Series 2007-T26, Class AJ 5.566%, 01/12/45 (b)		452,288
	403,500	CDGJ Commercial Mortage Trust Series 2014-BXCH, Class B 2.036%, 12/15/27 (a) (b)		403,438
	1,828,139	CHL Mortgage Pass-Through Trust Series 2007-14, Class A15 6.500%, 09/25/37		1,817,335
	127,212	Citicorp Mortgage Securities Trust Series 2007-2, Class 3A1 5.500%, 02/25/37		127,566
	450,000	Citigroup Commercial Mortgage Trust Series 2007-C6, Class AM 5.711%, 12/10/49 (b)		475,365
	959,867	Citigroup Commercial Mortgage Trust Series 2012-GC8, Class XA 2.190%, 09/10/45 (a) (b)		87,320
	350,000	Citigroup Commercial Mortgage Trust Series 2013-SMP, Class C 2.738%, 01/12/30 (a)		354,094
	350,000	Citigroup Commercial Mortgage Trust Series 2013-SMP, Class D 2.911%, 01/12/30 (a) (b)		354,280
	4,938,787	Citigroup Commercial Mortgage Trust Series 2014-GC25, Class XA 1.097%, 10/10/47 (b)		378,380
	440,700	Citigroup Commercial Mortgage Trust Series 2015-GC27, Class D 4.430%, 02/10/48 (a) (b)		389,889
	780,000	Citigroup Commercial Mortgage Trust Series 2015-GC31, Class C 4.200%, 06/10/48		742,185
	2,503,277	Citigroup Mortgage Loan Trust Series 2006-AR2, Class 1A2 2.613%, 03/25/36 (b)		2,398,605
	340,000	Citigroup/Deutsche Bank Commercial Mortgage Trust Series 2007-CD4, Class AMFX 5.366%, 12/11/49 (b)		352,965
	300,000	COBALT CMBS Commercial Mortgage Trust Series 2007-C2, Class AFJX 5.568%, 04/15/47 (b)		304,234
	64,089	Commercial Mortgage Pass Through Certificates Series 2010-C1, Class XPA 1.694%, 07/10/46 (a) (b)		2,180
	1,928,163	Commercial Mortgage Pass Through Certificates Series 2012-CR3, Class XA 2.155%, 10/15/45 (b)		195,696
	7,811,248	Commercial Mortgage Pass Through Certificates Series 2013-CR10, Class XA 0.994%, 08/10/46 (b)		379,017
	3,713,947	Commercial Mortgage Pass Through Certificates Series 2014-CCRE19, Class XA 1.306%, 08/10/47 (b)		277,345
	300,000	Commercial Mortgage Pass Through Certificates Series 2014-CR20, Class C 4.508%, 11/10/47 (b)		304,421
	350,000	Commercial Mortgage Pass Through Certificates Series 2014-KYO, Class E 2.537%, 06/11/27 (a) (b)		348,431
	300,000	Commercial Mortgage Pass Through Certificates Series 2014-KYO, Class F 3.687%, 06/11/27 (a) (b)		299,430
	350,000	Commercial Mortgage Trust Series 2006-GG7, Class AJ 5.819%, 07/10/38 (b)		354,131
	650,000	Commercial Mortgage Trust Series 2007-GG11, Class AJ 6.049%, 12/10/49 (b)		676,644
	350,000	Commercial Mortgage Trust Series 2015-CCRE23, Class D 4.258%, 05/10/48 (b)		305,274
	500,000	Core Industrial Trust Series 2015-CALW, Class D 3.850%, 02/10/34 (a) (b)		502,498
	1,514,428	Countrywide Alternative Loan Trust Series 2005-86CB, Class A5 5.500%, 02/25/36		1,400,675
	532,200	Countrywide Alternative Loan Trust Series 2006-J1, Class 2A1 7.000%, 02/25/36		275,761
	90,383	Countrywide Alternative Loan Trust Series 2007-18CB, Class 2A17 6.000%, 08/25/37		81,757

See accompanying Notes to Schedule of Investments.
	31

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Par Value			Market Value
$	347,635	Countrywide Alternative Loan Trust Series 2007-23CB, Class A3 0.691%, 09/25/37 (b)	$	232,167
	331,933	Countrywide Alternative Loan Trust Series 2007-23CB, Class A4 6.329%, 09/25/37 (b) (e)		92,744
	722,312	Countrywide Home Loan Mortgage Pass Through Trust Series 2005-HYB8, Class 4A1 4.248%, 12/20/35 (b)		646,097
	618,414	Countrywide Home Loan Mortgage Pass Through Trust Series 2007-2, Class A13 6.000%, 03/25/37		595,841
	140,952	Countrywide Home Loan Mortgage Pass Through Trust Series 2007-7, Class A4 5.750%, 06/25/37		129,308
	275,000	Credit Suisse Commercial Mortgage Trust Series 2006-C4, Class AM 5.509%, 09/15/39		285,919
	44,416	Credit Suisse First Boston Mortgage Securities Series 1998-C2, Class F 6.750%, 11/15/30 (a) (b)		45,604
	2,069,099	Credit Suisse First Boston Mortgage Securities Series 2005-9, Class 5A9 5.500%, 10/25/35		1,841,662
	1,005,885	Credit Suisse Mortgage Capital Certificates Series 2007-1, Class 5A4 6.000%, 02/25/37		894,929
	250,000	Credit Suisse Mortgage Capital Certificates Series 2009-RR2, Class IQB 5.695%, 04/16/49 (a) (b)		261,906
	4,283,491	CSMC Trust Series 2013-IVR4, Class A11 3.497%, 07/25/43 (a) (b)		4,316,585
	4,283,491	CSMC Trust Series 2013-IVR4, Class A2 3.000%, 07/25/43 (a) (b)		4,217,457
	150,000	Del Coronado Trust Series 2013-HDC, Class D 2.134%, 03/15/26 (a) (b)		149,919
	150,000	Del Coronado Trust Series 2013-HDC, Class E 2.836%, 03/15/26 (a) (b)		150,204
	3,794,591	First Horizon Alternative Mortgage Securities Trust Series 2005-FA4, Class 1A6 5.500%, 06/25/35		3,540,680
	1,989,382	First Horizon Mortgage Pass-Through Trust Series 2006-2, Class 1A3 6.000%, 08/25/36		1,885,297
	350,000	GS Mortgage Securities Trust Series 2006-GG6, Class AJ 5.522%, 04/10/38 (b)		354,299
	396,600	GS Mortgage Securities Trust Series 2006-GG8, Class AJ 5.622%, 11/10/39		403,752
	391,000	GS Mortgage Securities Trust Series 2014-GC26, Class C 4.511%, 11/10/47 (b)		394,866
	715,928	GSR Mortgage Loan Trust Series 2006-AR1, Class 3A1 2.773%, 01/25/36 (b)		653,865
	58,010	HSI Asset Loan Obligation Trust Series 2007-2, Class 1A1 5.500%, 09/25/37		55,836
	1,622,477	JP Morgan Chase Commercial Mortgage Securities Trust Series 2006-LDP8, Class X 0.505%, 05/15/45 (b)		7,713
	350,000	JP Morgan Chase Commercial Mortgage Securities Trust Series 2006-LDP9, Class AM 5.372%, 05/15/47		359,042
	350,000	JP Morgan Chase Commercial Mortgage Securities Trust Series 2007-CB19 Class AM 5.695%, 02/12/49 (b)		370,478
	387,200	JP Morgan Chase Commercial Mortgage Securities Trust Series 2007-CB20, Class AJ 6.076%, 02/12/51 (b)		405,001
	250,000	JP Morgan Chase Commercial Mortgage Securities Trust Series 2007-LD12, Class AM 6.010%, 02/15/51 (b)		268,159
	1,100,176	JP Morgan Chase Commercial Mortgage Securities Trust Series 2011-C4, Class XA 1.460%, 07/15/46 (a) (b)		40,423
	2,338,446	JP Morgan Chase Commercial Mortgage Securities Trust Series 2012-C8, Class XA 2.102%, 10/15/45 (b)		215,660
	794,368	JP Morgan Chase Commercial Mortgage Securities Trust Series 2012-CBX, Class XA 1.750%, 06/15/45 (b)		56,116
	5,905,014	JP Morgan Chase Commercial Mortgage Securities Trust Series 2014-C18, Class XA 1.145%, 02/15/47 (b)		362,748
	300,000	JP Morgan Chase Commercial Mortgage Securities Trust Series 2014-C21, Class C 4.661%, 08/15/47 (b)		307,409
	3,728,773	JP Morgan Chase Commercial Mortgage Securities Trust Series 2014-C21, Class XA 1.121%, 08/15/47 (b)		276,461
	330,824	JP Morgan Chase Commercial Mortgage Securities Trust Series 2014-C23, Class C 4.460%, 09/15/47 (b)		334,011

See accompanying Notes to Schedule of Investments.
	32

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Par Value			Market Value
$	300,000	JP Morgan Chase Commercial Mortgage Securities Trust Series 2014-DSTY, Class A 3.429%, 06/10/27 (a)	$	311,778
	4,455,342	JPMBB Commercial Mortgage Securities Trust Series 2015-C27, Class XA 1.395%, 02/15/48 (b)		383,425
	7,989,450	JPMBB Commercial Mortgage Securities Trust Series 2015-C28, Class XA 1.209%, 10/15/48 (b)		600,367
	450,000	JPMBB Commercial Mortgage Securities Trust Series 2014-C25, Class C 4.450%, 11/15/47 (b)		450,178
	6,532,417	JPMBB Commercial Mortgage Securities Trust Series 2014-C25, Class XA 1.015%, 11/15/47 (b)		430,689
	5,303,216	JPMBB Commercial Mortgage Securities Trust Series 2014-C26, Class XA 1.185%, 01/15/48 (b)		380,660
	250,000	LB Commercial Mortgage Trust Series 2007-C3, Class AMFL 5.899%, 07/15/44 (a) (b)		268,681
	350,000	LB-UBS Commercial Mortgage Trust Series 2007-C1, Class AJ 5.484%, 02/15/40		362,389
	350,000	Merrill Lynch Mortgage Trust Series 2006-C2, Class AJ 5.802%, 08/12/43 (b)		353,971
	300,000	ML-CFC Commercial Mortgage Trust Series 2006-1, Class AJ 5.564%, 02/12/39 (b)		304,843
	250,000	ML-CFC Commercial Mortgage Trust Series 2007-5, Class AM 5.419%, 08/12/48		261,267
	943,559	Morgan Stanley Bank of America Merrill Lynch Trust Series 2012-C5, Class XA 1.820%, 08/15/45 (a) (b)		71,211
	410,200	Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C14, Class D 4.833%, 02/15/47 (a) (b)		400,046
	5,959,213	Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C14, Class XA 1.292%, 02/15/47 (b)		382,126
	300,000	Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C18, Class C 4.489%, 10/15/47		305,237
	413,500	Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C19, Class C 4.000%, 12/15/47		400,248
	493,800	Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C20, Class D 3.071%, 02/15/48 (a)		396,016
	300,000	Morgan Stanley Capital I Trust Series 2006-HQ8, Class AJ 5.413%, 03/12/44 (b)		303,458
	375,100	Morgan Stanley Capital I Trust Series 2007-1Q16, Class AMA 6.069%, 12/12/49 (b)		403,440
	300,000	Morgan Stanley Capital I Trust Series 2007-HQ11, Class AJ 5.508%, 02/12/44 (b)		308,384
	250,000	Morgan Stanley Capital I Trust Series 2007-IQ13, Class AM 5.406%, 03/15/44		262,833
	1,153,409	Morgan Stanley Capital I Trust Series 2011-C1, Class XA 0.849%, 09/15/47 (a) (b)		15,957
	250,000	Morgan Stanley Capital I Trust Series 2014-CPT, Class E 3.446%, 07/13/29 (a) (b)		246,604
	350,000	Morgan Stanley Capital I Trust Series 2014-MP, Class D 3.693%, 08/11/29 (a) (b)		356,371
	1,022,610	Morgan Stanley Mortgage Loan Trust Series 2005-3AR, Class 2A2 2.496%, 07/25/35 (b)		942,044
	290,863	Nomura Asset Acceptance Corp Alternative Loan Trust Series 2005-AP3, Class A3 5.318%, 08/25/35 (b)		215,692
	5,068,940	RALI Series 2006-QS7, Class A2 6.000%, 06/25/36		4,167,951
	232,184	Residential Asset Securitization Trust Series 2006-A6, Class 1A1 6.500%, 07/25/36		141,924
	532,593	Residential Asset Securitization Trust Series 2007-A1, Class A8 6.000%, 03/25/37		389,301
	2,372,056	Sequoia Mortgage Trust Series 2013-1, Class 2A1 1.855%, 02/25/43 (b)		2,146,974
	372,569	Structured Adjustable Rate Mortgage Loan Trust Series 2006-1, Class 2A2 2.428%, 02/25/36 (b)		329,716
	1,900,507	UBS-Barclays Commercial Mortgage Trust Series 2012-C3, Class XA 2.107%, 08/10/49 (a) (b)		191,211
	500,000	Wachovia Bank Commercial Mortgage Trust Series 2007-C32, Class AMFX 5.703%, 06/15/49 (a)		528,972

See accompanying Notes to Schedule of Investments.
	33

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Par Value			Market Value
$	393,000	Wachovia Bank Commercial Mortgage Trust Series 2007-C30, Class AJ 5.413%, 12/15/43 (b)	$	401,500
	250,000	Wachovia Bank Commercial Mortgage Trust Series 2007-C30, Class AM 5.383%, 12/15/43		262,060
	350,000	Wachovia Bank Commercial Mortgage Trust Series 2007-C30, Class AMFL 0.385%, 12/15/43 (a) (b)		339,671
	300,000	Wachovia Bank Commercial Mortgage Trust Series 2007-C33, Class AJ 5.951%, 02/15/51 (b)		310,719
	2,467,260	Washington Mutual Mortgage Pass- Through Certificates WMALT Trust Series 2005-8, Class 2CB1 5.500%, 10/25/35		2,503,377
	471,800	Wells Fargo Commercial Mortgage Trust Series 2015-C26, Class D 3.586%, 02/15/48 (a)		390,817
	400,000	Wells Fargo Commercial Mortgage Trust Series 2015-C28, Class C 4.140%, 05/15/48 (b)		391,804
	4,491,473	Wells Fargo Commercial Mortgage Trust Series 2015-NXS1, Class XA 1.213%, 05/15/48 (b)		359,295
	512,000	Wells Fargo Commerical Mortgage Trust Series 2014-LC18, Class B 3.959%, 12/15/47		520,540
	404,698	Wells Fargo Mortgage Backed Securities Trust Series 2007-13, Class A6 6.000%, 09/25/37		418,822
	430,181	Wells Fargo Mortgage Backed Securities Trust Series 2007-8, Class 1A16 6.000%, 07/25/37		436,101
	957,506	WF-RBS Commercial Mortgage Trust Series 2012-C8, Class XA 2.180%, 08/15/45 (a) (b)		88,635
	1,418,283	WF-RBS Commercial Mortgage Trust Series 2012-C9, Class XA 2.188%, 11/15/45 (a) (b)		145,303
		Total Collateralized Mortgage and Asset-Backed Securities (Cost $67,944,930)		68,798,646
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 31.24%
		Fannie Mae – 9.71%
	4,572,203	3.000%, 10/01/34 Pool # AS3456		4,713,507
	4,818,927	3.000%, 01/01/35 Pool # AS4281		4,962,069
	3,938,448	3.000%, 03/01/45 Pool # AS4645		3,972,214
	381,394	4.000%, 06/01/42 Pool # AB5459		398,260
	711,051	3.500%, 12/01/31 Pool # MA0919		751,798
	628,174	3.500%, 01/01/32 Pool # MA0949		664,087
	249,000	4.500%, 03/01/42 Pool # MA1050		262,934
	1,654,445	3.000%, 06/01/33 Pool # MA1459		1,716,757
	5,423,801	3.000%, 04/01/45 Pool # MA2248		5,417,056
	282,803	4.000%, 09/01/31 Pool # MA3894		303,834
	250,788	6.449%, 10/25/36 (b) (e) Series 2007-57, Class SX, REMIC		40,171
	511,299	5.629%, 09/25/36 (b) (e) Series 2009-86, Class CI, REMIC		60,130
	316,927	4.000%, 01/25/41 Series 2010-156, Class ZC, REMIC		335,125
	422,169	4.500%, 12/25/41 Series 2011-121, Class JP, REMIC		450,068
	477,153	4.000%, 03/25/41 Series 2011-18, Class UZ, REMIC		490,465
	4,004	8.923%, 09/25/41 (b) Series 2011-88, Class SB, REMIC		4,089
	1,104,091	3.500%, 10/25/42 Series 2012-105, Class Z, REMIC		1,083,401
	1,126,831	3.500%, 03/25/42 Series 2012-20, Class ZT, REMIC		1,118,586
	1,713,566	4.000%, 04/25/42 Series 2012-31, Class Z, REMIC		1,771,739
	5,136,401	3.000%, 02/25/43 Series 2013-8, Class Z, REMIC		4,849,094
	5,113,632	3.000%, 11/25/44 Series 2014-73, Class CZ, REMIC		4,583,113
				37,948,497
		Freddie Mac – 7.24%
	6,866,043	3.500%, 02/01/45 Gold Pool # Q31596		7,130,805
	3,122,276	3.000%, 03/15/44 Series 4316, Class BZ, REMIC		2,901,436

See accompanying Notes to Schedule of Investments.
	34

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Par Value			Market Value
		Freddie Mac (continued)
$	1,579,972	3.000%, 01/01/33 Gold Pool # C91594	$	1,635,057
	42,509	5.000%, 07/01/35 Gold Pool # G01840		47,291
	13,257	5.500%, 12/01/38 Gold Pool # G06172		14,810
	265,838	4.000%, 10/01/41 Gold Pool # T60392		277,084
	986,808	3.500%, 10/01/42 Gold Pool # T65110		1,012,817
	4,000,000	3.000%, 07/01/45 Pool # G08653		4,021,107
	567,673	5.000%, 12/15/34 Series 2909, Class Z, REMIC		627,202
	162,638	5.926%, 04/15/37 (b) (e) Series 3301, Class MS, REMIC		23,320
	86,948	5.826%, 11/15/37 (b) (e) Series 3382, Class SB, REMIC		10,270
	103,917	6.216%, 11/15/37 (b) (e) Series 3384, Class S, REMIC		12,092
	274,148	5.346%, 01/15/39 (b) (e) Series 3500, Class SA, REMIC		25,959
	286,411	5.500%, 08/15/36 Series 3626, Class AZ, REMIC		316,003
	1,500,000	4.000%, 12/15/38 Series 3738, Class BP, REMIC		1,606,775
	119,686	4.000%, 01/15/41 Series 3795, Class VZ, REMIC		125,816
	80,359	4.000%, 06/15/41 Series 3872, Class BA, REMIC		84,085
	234,640	4.000%, 07/15/41 Series 3888, Class ZG, REMIC		254,443
	418,829	4.500%, 07/15/41 Series 3894, Class ZA, REMIC		447,908
	568,360	3.500%, 11/15/41 Series 3957, Class DZ, REMIC		558,191
	520,958	4.000%, 11/15/41 Series 3957, Class HZ, REMIC		550,977
	2,388,510	9.485%, 01/15/41 (b) Series 3792, Class SE, REMIC		2,440,848
	4,030,829	3.000%, 06/15/40 Series 4323, Class GA, REMIC		4,199,567
				28,323,863
		Ginnie Mae – 1.07%
	38,702	31.278%, 03/20/34 (b) Series 2004-35, Class SA		62,159
	510,069	7.457%, 08/20/38 (b) (e) Series 2008-69, Class SB		107,584
	599,619	4.500%, 05/16/39 Series 2009-32, Class ZE		650,710
	659,571	4.500%, 05/20/39 Series 2009-35, Class DZ		717,254
	649,769	4.500%, 09/20/39 Series 2009-75, Class GZ		702,354
	274,795	5.881%, 03/20/39 (b) (e) Series 2010-98, Class IA		31,370
	1,279,643	5.263%, 06/20/41 (b) (e) Series 2011-89, Class SA		189,837
	5,338,522	6.063%, 10/20/44 (b) (e) Series 2014-156, Class PS		909,439
	4,863,181	5.963%, 07/20/43 (b) (e) Series 2014-5, Class PS		801,603
				4,172,310
		U.S. Treasury Bonds – 1.78%
	1,550,000	0.250%, 09/30/15		1,550,000
	3,320,000	2.750%, 11/15/42		3,214,693
	1,910,000	3.625%, 02/15/44		2,181,728
				6,946,421
		U.S. Treasury Inflation Index Bonds – 1.67%
	6,515,465	0.125%, 04/15/19		6,548,551
		U.S. Treasury Notes – 9.77%
	2,160,000	2.375%, 12/31/20		2,239,313
	6,070,000	2.250%, 03/31/21		6,244,039
	6,430,000	2.000%, 08/31/21		6,505,353
	6,380,000	1.750%, 02/28/22		6,329,158
	4,420,000	2.750%, 11/15/23		4,649,288
	3,140,000	0.250%, 10/31/15		3,140,980
	950,000	0.250%, 11/30/15		950,296
	4,560,000	1.750%, 03/31/22		4,521,523
	2,860,000	1.750%, 05/15/23		2,799,448
	790,000	2.375%, 08/15/24		804,010
				38,183,408
		Total U.S. Government and Agency Obligations (Cost $122,041,562)		122,123,050
OTHER MORTGAGE AND ASSET-BACKED SECURITIES – 6.89%
	250,000	Adams Mill CLO (Cayman Islands) Series 2014-1A, Class D1 3.674%, 07/15/26 (a) (b)		237,846
	250,000	Adams Mill CLO (Cayman Islands) Series 2014-1A, Class E1 5.174%, 07/15/26 (a) (b)		226,861
	500,000	Apidos CDO V (Cayman Islands) Seires 2007-5A, Class B 0.989%, 04/15/21 (a) (b)		487,279
	500,000	Apidos CDO XXI Series 2015-21A, Class C 3.827%, 07/18/27 (a) (b)		483,011
	500,000	Apidos CLO XVI (Cayman Islands) Series 2013-16A, Class B 2.974%, 01/19/25 (a) (b)		491,900
	250,000	Apidos CLO XVIII (Cayman Islands) Series 2014-18A, Class C 3.945%, 07/22/26 (a) (b)		245,485
	250,000	Apidos CLO XVIII (Cayman Islands) Series 2014-18A, Class D 5.495%, 07/22/26 (a) (b)		232,654
	500,000	Apidos CLO XX (Cayman Islands) Series 2015-20A, Class B 3.489%, 01/16/27 (a) (b)		501,335

See accompanying Notes to Schedule of Investments.
	35

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Par Value			Market Value
$	500,000	Apidos CLO XX (Cayman Islands) Series 2015-20A, Class C 3.874%, 01/16/27 (a) (b)	$	491,992
	500,000	ARES XXVI CLO (Cayman Islands) Series 2013-1A, Class D 4.039%, 04/15/25 (a) (b)		490,087
	500,000	Babson CLO (Cayman Islands) Series 2012-2A, Class CR 4.524%, 05/15/23 (a) (b)		496,224
	250,000	Babson CLO (Cayman Islands) Series 2014-3A, Class E2 6.789%, 01/15/26 (a) (b)		248,782
	500,000	Babson CLO (Cayman Islands) Series 2015-2A, Class D 3.894%, 07/20/27 (a) (b) (c)		493,350
	250,000	Babson CLO (Cayman Islands) Series 2015-IA, Class D1 3.725%, 04/20/27 (a) (b)		239,525
	250,000	Ballyrock CLO (Cayman Islands) Series 2014-1A. Class C 4.025%, 10/20/26 (a) (b)		241,813
	765,847	Bayview Financial Acquisition Trust Series 2007-A, Class 1A5 6.101%, 05/28/37 (d)		770,202
	250,000	Birchwood Park CLO (Cayman Islands) Series 2014-1A, Class C2 3.324%, 07/15/26 (a) (b)		250,468
	250,000	Birchwood Park CLO (Cayman Islands) Series 2014-1A, Class D2 4.374%, 07/15/26 (a) (b)		250,448
	250,000	BlueMountain CLO (Cayman Islands) Series 2012-1A, Class E 5.787%, 07/20/23 (a) (b)		249,043
	750,000	BlueMountain CLO (Cayman Islands) Series 2012-2A, Class C 2.924%, 11/20/24 (a) (b)		749,120
	500,000	BlueMountain CLO (Cayman Islands) Series 2015-2A, Class C 2.976%, 07/18/27 (a) (b)		498,965
	500,000	BlueMountain CLO (Cayman Islands) Series 2015-2A, Class D 3.826%, 07/18/27 (a) (b)		486,515
	250,000	Brookside Mill CLO (Cayman Islands) Series 2013-1A, Class D 3.339%, 04/17/25 (a) (b)		234,284
	250,000	Brookside Mill CLO (Cayman Islands) Series 2013-1A, Class E 4.689%, 04/17/25 (a) (b)		221,690
	500,000	Canyon Capital CLO (Cayman Islands) Series 2014-1A, Class B 2.928%, 04/30/25 (a) (b)		489,160
	500,000	Carlyle Global Market Strategies (Cayman Islands) Series 2014-7A, Class C 3.289%, 04/17/25 (a) (b)		501,267
	250,000	Catamaran CLO (Cayman Islands) Series 2015-1A, Class C1 3.375%, 04/22/27 (a) (b)		247,700
	500,000	Cent CDO 10 (Cayman Islands) Series 2005-10A, Class D 2.036%, 12/15/17 (a) (b)		494,343
	500,000	ColumbusNova CLO (Cayman Islands) Series 2006-2A, Class D 1.779%, 04/04/18 (a) (b)		500,280
	100,000	Credit-Based Asset Servicing and Securitization Series 2007-MX1, Class A4 6.231%, 12/25/36 (a) (d)		95,688
	750,000	Dryden XXIV Senior Loan Fund (Cayman Islands) Series 2012-24RA, Class DR 3.979%, 11/15/23 (b)		743,818
	1,000,000	Duane Street CLO III (Cayman Islands) Series 2006-3A, Class D 1.786%, 01/11/21 (a) (b)		993,637
	250,000	Eaton Vance CDO VIII (Cayman Islands) Series 2006-8A, Class B 0.924%, 08/15/22 (a) (b)		237,632
	250,000	Emerson Park CLO (Cayman Islands) Series 2013-1A, Class C1 3.039%, 07/15/25 (a) (b)		248,166
	250,000	Flatiron CLO (Cayman Islands) Series 2014-1A, Class B 3.139%, 07/17/26 (a) (b)		248,279
	250,000	Flatiron CLO (Cayman Islands) Series 2014-1A, Class C 3.589%, 07/17/26 (a) (b)		236,881
	500,000	Galaxy XVIII CLO (Cayman Islands) Series 2014-18A, Class D1 3.874%, 10/15/26 (a) (b)		484,150
	250,000	Goldentree Loan Opportunities VI (Cayman Islands) Series 2012-6A, Class D 4.489%, 04/17/22 (a) (b)		250,819
	500,000	Goldentree Loan Opportunities X (Cayman Islands) Series 2015-10A, Class D 3.634%, 07/20/27 (a) (b)		485,526
	757,000	GSAA Home Equity Trust Series 2006-15, Class AF3B 5.933%, 09/25/36 (b)		155,426
	250,000	Halcyon Loan Advisors Funding (Cayman Islands) Series 2013-2A, Class C 3.000%, 08/01/25 (a) (b)		239,926
	500,000	ING Investment Management CLO II (Cayman Islands) Series 2006-2X, Class D 1.878%, 08/01/20 (b)		481,022
	500,000	LCM VI (Cayman Islands) Series 6A, Class C 1.086%, 05/28/19 (a) (b)		490,865
	250,000	LCM XI (Cayman Islands) Series 11A, Class D 4.237%, 04/19/22 (a) (b)		250,588
	500,000	LCM XII (Cayman Islands) Series 12A, Class DR 3.992%, 10/19/22 (a) (b)		496,576

See accompanying Notes to Schedule of Investments.
	36

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Par Value			Market Value
$	250,000	LCM XIV (Cayman Islands) Series 14A, Class D 3.789%, 07/15/25 (a) (b)	$	244,456
	500,000	LCM XV (Cayman Islands) Series 15A, Class C 3.382%, 08/25/24 (a) (b)		500,642
	1,000,000	LCM XVIII (Cayman Islands) Series 19A, Class D 3.782%, 07/15/27 (a) (b) (c)		960,000
	750,000	Madison Park Funding (Cayman Islands) Series 2007-6A, Class C 1.295%, 07/26/21 (a) (b)		721,326
	350,000	Madison Park Funding IV (Cayman Islands) Series 2007-4A, Class D 1.711%, 03/22/21 (a) (b)		329,888
	500,000	Madison Park Funding XIV (Cayman Islands) Series 2014-14A, Class D 3.788%, 07/20/26 (a) (b)		487,100
	500,000	Madison Park Funding XV (Cayman Islands) Series 2014-15A, Class C 3.995%, 01/27/26 (a) (b)		493,490
	500,000	Madison Park Funding XVI (Cayman Islands) Series 2015-16A, Class B 3.263%, 04/20/26 (a) (b)		500,678
	500,000	Magnetite IX (Cayman Islands) Series 2014-9A, Class B 3.186%, 07/25/26 (a) (b)		496,250
	500,000	Magnetite XI (Cayman Islands) Series 2014-11A, Class C 3.774%, 01/18/27 (a) (b)		492,460
	250,000	Nomad CLO (Cayman Islands) Series 2013-1A, Class B 3.124%, 01/15/25 (a) (b)		248,349
	250,000	Nomad CLO (Cayman Islands) Series 2013-1A, Class C 3.674%, 01/15/25 (a) (b)		241,643
	250,000	Octagon Investment Partners XVI (Cayman Islands) Series 2013-1A, Class D 3.524%, 07/17/25 (a) (b)		239,398
	250,000	Octagon Investment Partners XVI (Cayman Islands) Series 2013-1A, Class E 4.674%, 07/17/25 (a) (b)		226,095
	250,000	Octagon Investment Partners XXI (Cayman Islands) Series 2014-1A, Class C 3.925%, 11/14/26 (a) (b)		242,592
	250,000	Octagon Investment Partners XXII (Cayman Islands) Series 2014-1A, Class C2 3.674%, 11/22/25 (a) (b)		250,619
	250,000	Octagon Investment Partners XXII (Cayman Islands) Series 2014-1A, Class D2 4.754%, 11/22/25 (a) (b)		250,780
	105,300	Residential Asset Mortgage Products Series 2006-RS5, Class A3 0.361%, 09/25/36 (b)		103,387
	500,000	Symphony CLO XI (Cayman Islands) Series 2013-11A, Class C 3.439%, 01/17/25 (a) (b)		498,477
	750,000	Symphony CLO XIV (Cayman Islands) Series 2014-14A, Class D2 3.886%, 07/14/26 (a) (b)		733,576
	750,000	Venture XV CLO (Cayman Islands) Series 2013-15A, Class C 3.389%, 07/15/25 (a) (b)		748,719
	250,000	Wind River CLO (Cayman Islands) Series 2013-1A, Class C 3.574%, 04/20/25 (a) (b)		240,175
		Total Other Mortgage and Asset- Backed Securities (Cost $26,959,071)		26,940,728
MUNICIPAL BONDS – 3.47%
		California – 0.54%
	580,000	East Bay Municipal Utility District Water System RB, Series A 5.000%, 06/01/31		689,440
	1,220,000	State of California, GO 5.000%, 08/01/33		1,410,381
				2,099,821
		Georgia – 0.38%
	1,225,000	Gwinnett County School District, GO 5.000%, 02/01/31		1,474,998
		Louisiana – 0.20%
	670,000	State of Louisiana, GO 5.000%, 05/01/28		784,262
		Nevada – 0.32%
	1,030,000	State of Nevada, GO Series B 5.000%, 11/01/26		1,247,361
		New York – 0.31%
	1,060,000	New York State Dormitory Authority, RB Series A 5.000%, 03/15/33		1,221,491
		Oregon – 0.32%
	1,050,000	State of Oregon Department of Transportation, RB Series A 5.000%, 11/15/29		1,249,836
		Texas – 0.64%
	980,000	State of Texas, GO Transportation Commission, Series A 5.000%, 10/01/28		1,164,348

See accompanying Notes to Schedule of Investments.
	37

Aston Funds
ASTON/DoubleLine Core Plus Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Par Value			Market Value
		Texas (continued)
$	1,130,000	University of Texas System, RB Series B 5.000%, 08/15/27	$	1,358,045
				2,522,393
		Utah – 0.27%
	890,000	Utah Transit Authority, RB Series A 5.000%, 06/15/31		1,052,621
		Virginia – 0.19%
	610,000	Virginia State, GO Standing Aid Witholding, Series B 5.000%, 06/01/27		750,428
		Washington – 0.30%
	1,000,000	State of Washington, GO Series R-2015E 5.000%, 07/01/33		1,156,610
		Total Municipal Bonds (Cost $13,623,681)		13,559,821
FOREIGN GOVERNMENT BONDS – 0.74%
	1,650,000	Colombia Government International Bond Senior Unsecured Notes 4.375%, 07/12/21		1,720,125
	500,000	Mexico Government International Bond Senior Unsecured Notes 3.500%, 01/21/21		512,500
	560,000	Mexico Government International Bond Senior Unsecured Notes 4.000%, 10/02/23		578,200
	100,000	Panama Government International Bond Senior Unsecured Notes 5.200%, 01/30/20		110,350
		Total Foreign Government Bonds (Cost $2,932,315)		2,921,175

Shares
INVESTMENT COMPANIES – 6.45%
	15,464,521	BlackRock Liquidity Funds TempFund Portfolio		15,464,521
	963,812	DoubleLine Floating Rate Fund (f)		9,744,141
		Total Investment Companies (Cost $25,204,981)		25,208,662
Total Investments – 99.57% (Cost $391,288,068)*				389,278,501
Net Other Assets and Liabilities – 0.43%				1,669,664
Net Assets – 100.00%			$	390,948,165

*	At July 31, 2015, cost is identical for book and Federal income tax purposes.
	Gross unrealized appreciation	$	4,225,991
	Gross unrealized depreciation		(6,235,558	)
	Net unrealized depreciation	$	(2,009,567	)

**	Security in default.
(a)	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are purchased in accordance with guidelines approved by the Fund’s Board of Trustees and may only be resold, in transactions exempt from registration, to qualified institutional buyers. At July 31, 2015, these securities amounted to $74,434,365 or 19.04% of net assets. These securities have not been determined by the Subadviser to be illiquid securities.
(b)	Variable rate bond. The interest rate shown reflects the rate in effect at July 31, 2015.
(c)	Securities with a total aggregate market value of $1,453,350 or 0.37% of the net assets, were valued under the fair value procedures established by the Funds’ Board of Trustees.
(d)	Step Coupon. Security becomes interest bearing at a future date.
(e)	Interest only security. This type of security represents the right to receive the monthly interest payments on an underlying pool of mortgages. Payments of principal on the pool reduce the value of the “interest only” holding.
(f)	Affiliated issuer.
CDO	Collateralized Debt Obligation
CLO	Collateralized Loan Obligation
EMTN	Euro Medium Term Note
GMTN	Global Medium Term Note
GO	General Obligation
MTN	Medium Term Note
RB	Revenue Bond
REIT	Real Estate Investment Trust
REMIC	Real Estate Mortgage Investment Conduit

Portfolio Composition
U.S. Government Obligations	13	%
U.S. Government Agency Obligations	21	%
Corporate Notes and Bonds
(S&P Ratings unaudited)
AAA	7	%
AA	5	%
A	9	%
BBB	17	%
BB	14	%
B	5	%
Lower than B	9	%
	100	%

For financial reporting purposes, credit quality ratings shown are assigned by Standard & Poor’s. This rating agency is independent, nationally recognized statistical rating organizations and is widely used. Investment grade ratings are credit ratings of BBB or higher. Below investment grade ratings are credit ratings of BB or lower. Credit quality ratings are subject to change.

See accompanying Notes to Schedule of Investments.
	38

Aston Funds
ASTON/TCH Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets

Par Value			Market Value
CORPORATE NOTES AND BONDS – 46.71%
		Consumer Discretionary – 2.71%
$	225,000	Coach Senior Unsecured Notes 4.250%, 04/01/25	$	215,374
	500,000	Ford Motor Senior Unsecured Notes 1.209%, 11/04/19 (a)		498,042
	390,000	L Brands Senior Unsecured Notes 7.600%, 07/15/37		440,700
	250,000	Netflix Senior Unsecured Notes 5.750%, 03/01/24		262,500
				1,416,616
		Consumer Staples – 2.30%
	65,000	Altria Group 10.200%, 02/06/39		109,391
	320,000	Conagra Foods 6.625%, 08/15/39		338,638
	100,000	Reynolds American 7.750%, 06/01/18		115,087
	500,000	8.125%, 05/01/40 (b)		640,297
				1,203,413
		Energy – 3.75%
		Chesapeake Energy
	250,000	6.625%, 08/15/20		225,000
	250,000	6.125%, 02/15/21		216,875
	250,000	Energy Transfer Partners Senior Unsecured Notes 9.000%, 04/15/19		298,154
	250,000	KazMunayGas National (Kazakhstan) Senior Unsecured Notes 5.750%, 04/30/43 (b)		198,780
	100,000	Petroleos Mexicanos (Mexico) 4.500%, 01/23/26 (b)		98,300
	250,000	Pride International 6.875%, 08/15/20		280,471
	250,000	Transocean (Cayman Islands) 7.850%, 12/15/41 (c)		185,625
	400,000	Weatherford International (Bermuda) 9.625%, 03/01/19		457,016
				1,960,221
		Financials – 15.49%
	250,000	AerCap Ireland Capital (Ireland) 4.500%, 05/15/21 (b)		254,375
	500,000	Ally Financial Senior Unsecured Notes 4.125%, 02/13/22		493,750
	450,000	American Express Credit, MTN Senior Unsecured Notes 0.549%, 06/05/17 (a)		448,145
	450,000	American Financial Group Senior Unsecured Notes 9.875%, 06/15/19		564,722
	250,000	Banco Bradesco SA/Cayman Islands (Brazil) Subordinated Notes 5.750%, 03/01/22 (b)		257,188
		Bancolombia (Colombia) Senior Unsecured Notes
	250,000	5.950%, 06/03/21 Subordinated Notes		272,800
	250,000	5.125%, 09/11/22		249,750
		Bank of America Senior Unsecured Notes
	580,000	1.329%, 01/15/19 (a)		585,509
	175,000	MTN, Subordinated Notes 4.000%, 01/22/25		172,222
	250,000	Barrick North America Finance 5.700%, 05/30/41		206,168
	250,000	Berkshire Hathaway Finance 0.586%, 01/12/18 (a)		250,127
	250,000	Bunge Ltd Finance 8.500%, 06/15/19		302,674
	185,000	Capital One Financial 3.150%, 07/15/16		188,481
	140,000	Citigroup Senior Unsecured Notes 1.255%, 07/25/16 (a)		140,509
	500,000	Credit Suisse New York (Switzerland) MTN Senior Unsecured Notes 0.586%, 03/11/16 (a)		499,771
	150,000	Daimler Finance 0.958%, 08/01/16 (a) (b)		150,525

See accompanying Notes to Schedule of Investments.
	39

Aston Funds
ASTON/TCH Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Par Value			Market Value
		Financials (continued)
$	250,000	Discover Bank Subordinated Notes 7.000%, 04/15/20	$	289,193
	500,000	Ensco (United Kingdom) Senior Unsecured Notes 5.200%, 03/15/25		476,601
	375,000	Goldman Sachs Group Senior Unsecured Notes 1.314%, 10/23/19 (a)		378,260
	500,000	Goldman Sachs Group, MTN Senior Unsecured Notes 1.374%, 11/15/18 (a)		503,443
	400,000	Itau Unibanco Holding (Brazil) Subordinated Notes 5.500%, 08/06/22 (b)		400,400
	250,000	Jefferies Group Senior Unsecured Notes 6.500%, 01/20/43		251,834
	200,000	Leucadia National Senior Unsecured Notes 5.500%, 10/18/23		207,321
	250,000	Nomura Holdings (Japan), MTN Senior Unsecured Notes 1.736%, 09/13/16 (a)		251,681
	300,000	Turkiye Halk Bankasi AS (Turkey) Senior Unsecured Notes 4.750%, 06/04/19 (b)		301,954
				8,097,403
		Healthcare – 2.86%
	500,000	Bayer US Finance 0.534%, 10/07/16 (a) (b)		500,552
	1,000,000	Merck Senior Unsecured Notes 0.686%, 02/10/20 (a)		996,445
				1,496,997
		Industrials – 4.36%
	650,000	ADT Senior Unsecured Notes 4.875%, 07/15/42		510,250
	250,000	FedEx Senior Notes 8.000%, 01/15/19		299,341
	500,000	Mexichem SAB de CV (Mexico) 6.750%, 09/19/42 (b)		515,000
	200,000	Nissan Motor Acceptance 0.981%, 09/26/16 (a) (b)		200,833
	500,000	Southern Copper Senior Unsecured Notes 7.500%, 07/27/35		545,300
	250,000	Vale (Brazil) Senior Unsecured Notes 5.625%, 09/11/42		206,135
				2,276,859
		Information Technology – 2.18%
	350,000	eBay Senior Unsecured Notes 4.000%, 07/15/42		275,903
	150,000	Hewlett-Packard Senior Unsecured Notes 1.226%, 01/14/19 (a)		148,153
	250,000	Micron Technology Senior Unsecured Notes 5.500%, 02/01/25		242,813
	250,000	QUALCOMM 4.800%, 05/20/45		227,052
	250,000	Seagate HDD (Cayman Islands) 5.750%, 12/01/34 (b)		246,156
				1,140,077
		Materials – 5.61%
	100,000	Allegheny Technologies Senior Unsecured Notes 6.625%, 08/15/23 (c)		94,770
	400,000	ArcelorMittal (Luxembourg) Senior Unsecured Notes 7.750%, 10/15/39 (c)		388,000
	300,000	Ball Corp 5.000%, 03/15/22		308,831
	500,000	Braskem America Finance 7.125%, 07/22/41 (b)		409,500
	250,000	Dow Chemical (The) Senior Unsecured Notes 8.550%, 05/15/19		304,295
	500,000	GTL Trade Finance (Virgin Islands) 7.250%, 04/16/44 (b)		432,500
	250,000	International Paper Senior Unsecured Notes 8.700%, 06/15/38		348,219
	250,000	Teck Resources (Canada) 6.250%, 07/15/41		179,535
	500,000	Vale Overseas (Cayman Islands) 6.875%, 11/21/36		468,850
				2,934,500
		Telecommunication Services – 6.45%
	500,000	CenturyLink Senior Unsecured Notes 7.600%, 09/15/39		447,500
	500,000	7.650%, 03/15/42		445,000
	350,000	Frontier Communications Senior Unsecured Notes 9.000%, 08/15/31		321,125
		Telecom Italia Capital (Luxembourg)
	250,000	6.375%, 11/15/33		258,750
	600,000	7.721%, 06/04/38		693,000
	500,000	Telefonica Europe (Netherlands) 8.250%, 09/15/30		682,865
	100,000	Verizon Communications Senior Unsecured Notes 1.816%, 09/15/16 (a)		101,180

See accompanying Notes to Schedule of Investments.
	40

Aston Funds
ASTON/TCH Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Par Value			Market Value
		Telecommunication Services (continued)
$	500,000	Windstream 7.500%, 06/01/22	$	419,146
				3,368,566
		Utilities – 1.00%
	334,000	FPL Group Capital 7.875%, 12/15/15		342,256
	150,000	Pacific Gas & Electric Senior Unsecured Notes 8.250%, 10/15/18		179,636
				521,892
		Total Corporate Notes and Bonds (Cost $24,162,948)		24,416,544
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 45.22%
		Fannie Mae – 14.38%
	98,532	6.000%, 11/01/17 Pool # 662854		102,188
	22,147	6.000%, 04/01/18 Pool # 725175		22,772
	112,197	5.500%, 11/01/18 Pool # 748886		118,358
	35,844	4.500%, 06/01/19 Pool # 747860		37,466
	206,973	6.000%, 01/01/21 Pool # 850787		226,629
	101,508	6.000%, 09/01/32 Pool # 847899		115,147
	60,944	6.000%, 02/01/34 Pool # 771952		69,785
	52,550	7.500%, 02/01/35 Pool # 787557		55,707
	18,234	7.500%, 04/01/35 Pool # 819231		19,421
	79,370	6.000%, 11/01/35 Pool # 844078		90,515
	86,588	5.000%, 05/01/36 Pool # 745581		95,940
	44,221	6.000%, 12/01/36 Pool # 888029		50,260
	61,965	5.500%, 06/01/37 Pool # 918778		69,533
	63,664	6.500%, 10/01/37 Pool # 888890		73,251
	195,148	5.500%, 03/01/38 Pool # 962344		218,940
	208,025	4.000%, 02/01/41 Pool # AE0949		222,843
	182,395	4.000%, 02/01/41 Pool # AH5695		195,191
	913,121	3.000%, 03/01/43 Pool # AB8615		923,603
	499,944	3.500%, 05/01/43 Pool # AB9512		520,423
	534,198	3.000%, 07/01/43 Pool # AU1629		539,909
	903,720	3.000%, 08/01/43 Pool # AS0331		913,244
	849,574	3.000%, 09/01/44 Pool # AX7336		856,857
	1,466,063	3.000%, 02/01/45 Pool # AS4474		1,478,632
	497,471	3.000%, 06/01/45 Pool # AY6104		501,736
				7,518,350
		Freddie Mac – 11.94%
	203,406	5.500%, 11/01/20 Gold Pool # G18083		220,780
	40,616	5.500%, 12/01/20 Gold Pool # G11820		43,807
	65,591	5.500%, 05/01/37 Gold Pool # A60048		73,311
	127,202	5.500%, 09/01/37 Gold Pool # G03202		142,106
	100,070	5.000%, 02/01/38 Gold Pool # A73409		110,161
	304,516	5.000%, 04/01/38 Gold Pool # G04334		336,885
	188,822	4.000%, 12/01/39 Gold Pool # G06935		201,258
	86,398	4.000%, 05/01/41 Gold Pool # Q00870		91,881
	592,370	4.000%, 11/01/41 Gold Pool # Q04550		630,481
	865,545	3.000%, 04/01/43 Gold Pool # V80006		871,891
	867,284	3.000%, 05/01/43 Gold Pool # G08525		873,223
	447,450	3.000%, 09/01/43 Gold Pool # G08544		450,357
	729,916	3.500%, 10/01/43 Gold Pool # G08554		758,158
	269,635	3.500%, 11/01/43 Gold Pool # G08557		279,896
	629,696	3.500%, 01/01/44 Gold Pool # G08562		653,586
	484,174	3.500%, 02/01/44 Gold Pool # G08572		502,542
				6,240,323
		Ginnie Mae – 1.25%
	95,257	5.000%, 05/01/37 Pool # 782156		103,984
	197,163	5.000%, 08/01/37 Pool # 4015		214,891
	169,106	6.000%, 07/01/38 Pool # 4195		191,439
	86,362	5.500%, 08/01/38 Pool # 4215		92,581
	42,894	6.000%, 01/01/39 Pool # 698036		48,883
				651,778

See accompanying Notes to Schedule of Investments.
	41

Aston Funds
ASTON/TCH Fixed Income Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Par Value			Market Value
		U.S. Treasury Bond – 0.98%
$	500,000	3.000%, 05/15/42	$	509,571
		U.S. Treasury Inflation Index Bonds – 5.80%
	1,654,185	1.375%, 07/15/18		1,738,962
	1,135,130	1.750%, 01/15/28		1,292,718
				3,031,680
		U.S. Treasury Notes – 10.87%
	1,500,000	2.000%, 01/31/16		1,513,125
	1,250,000	2.000%, 04/30/16		1,265,624
	500,000	3.000%, 08/31/16		513,905
	500,000	2.250%, 11/30/17		516,718
	350,000	2.000%, 11/30/20		356,370
	1,500,000	2.000%, 11/15/21		1,515,116
				5,680,858
		Total U.S. Government and Agency Obligations (Cost $23,022,092)		23,632,560
COMMERCIAL MORTGAGE-BACKED SECURITY – 0.56%
	275,000	Bear Stearns Commercial Mortgage Securities Series 2007-T28, Class A4 5.742%, 09/01/42 (a)		294,159
		Total Commercial Mortgage-Backed Security (Cost $193,854)		294,159
FOREIGN GOVERNMENT BOND – 0.93%
	500,000	Costa Rica Government International Bond Senior Unsecured Notes 7.158%, 03/12/45 (b)		483,125
		Total Foreign Government Bond (Cost $500,000)		483,125

Shares
INVESTMENT COMPANY – 5.66%
	2,959,647	BlackRock Liquidity Funds TempFund Portfolio		2,959,647
		Total Investment Company (Cost $2,959,647)		2,959,647
Total Investments – 99.08% (Cost $50,838,541)*				51,786,035
Net Other Assets and Liabilities – 0.92%				482,105
Net Assets – 100.00%			$	52,268,140

*	At July 31, 2015, cost is identical for book and Federal income tax purposes.
	Gross unrealized appreciation	$	1,911,568
	Gross unrealized depreciation		(964,074	)
	Net unrealized appreciation	$	947,494

(a)	Variable rate bond. The interest rate shown reflects the rate in effect at July 31, 2015.
(b)	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are purchased in accordance with guidelines approved by the Fund’s Board of Trustees and may only be resold, in transactions exempt from registration, to qualified institutional buyers. At July 31, 2015, these securities amounted to $5,089,485 or 9.74% of net assets. These securities have not been determined by the Subadviser to be illiquid securities.
(c)	Step Coupon. A bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods until maturity. The coupon rate shown will be accrual rate until maturity.
MTN	Medium Term Note

Portfolio Composition
U.S. Government and Agency Obligations	45%
Foreign Government Bond	1%
Commercial Mortgage-Backed Security	1%
Investment Company	6%
Corporate Notes and Bonds (Moody’s Ratings)
Aa	1%
A	8%
Baa	25%
Ba	11%
B	2%
	100%

For financial reporting purposes, credit quality ratings shown are assigned by Moody’s Investors Service. If a Moody’s credit quality rating is not available the credit quality ratings shown are assigned by Standard & Poor’s. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of Baa/ BBB or higher. Below investment grade ratings are credit ratings of Ba/BB or lower. Investments designated N/R are not rated by either rating agency. Credit quality ratings are subject to change.

See accompanying Notes to Schedule of Investments.
	42

Aston Funds
ASTON/Anchor Capital Enhanced Equity Fund	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets

Shares			Market Value
COMMON STOCKS – 98.63%
		Consumer Discretionary – 14.36%
	120,000	Coach (a)	$	3,744,000
	500,000	Ford Motor		7,415,000
	225,000	General Motors (a)		7,089,750
	600,000	Staples (a)		8,826,000
				27,074,750
		Energy – 8.28%
	70,000	Baker Hughes (a)		4,070,500
	100,000	Halliburton (a)		4,179,000
	85,000	Schlumberger (a)		7,039,700
	19,984	Talen Energy *		314,348
				15,603,548
		Financials – 7.48%
	170,000	Hartford Financial Services Group (a)		8,083,500
	515,000	Huntington Bancshares (a)		6,010,050
				14,093,550
		Healthcare – 3.91%
	100,000	Quest Diagnostics (a)		7,381,000
		Industrials – 21.06%
	182,600	ADT (a)		6,305,178
	80,000	Deere (a)		7,565,600
	110,000	Emerson Electric (a)		5,692,500
	135,000	Fastenal (a)		5,651,100
	270,000	General Electric (a)		7,047,000
	175,000	Republic Services (a)		7,442,750
				39,704,128
		Information Technology – 20.24%
	48,500	Altera (a)		2,408,510
	267,700	Cisco Systems (a)		7,608,034
	260,000	EMC (a)		6,991,400
	260,000	Intel (a)		7,527,000
	145,000	Paychex (a)		6,728,000
	165,000	Xilinx (a)		6,888,750
				38,151,694
		Materials – 6.60%
	190,000	Alcoa (a)		1,875,300
	55,000	Dow Chemical (a)		2,588,300
	85,000	LyondellBasell Industries, Class A
		(Netherlands) (a)		7,975,550
				12,439,150
		Telecommunication Services – 6.99%
	170,000	AT&T (a)		5,905,800
	115,000	CenturyLink (a)		3,289,000
	85,000	Verizon Communications (a)		3,977,150
				13,171,950
		Utilities – 9.71%
	200,000	Exelon (a)		6,418,000
	200,000	FirstEnergy (a)		6,792,000
	160,000	PPL (a)		5,089,600
				18,299,600
		Total Common Stocks (Cost $177,220,126)		185,919,370

Number of Contracts
PURCHASED OPTIONS – 0.89%
		SPDR S&P 500 ETF TRUST
	6,100	Strike @ $190 Exp 09/15	433,100
	7,100	Strike @ $191 Exp 09/15	553,800
	7,100	Strike @ $192 Exp 09/15	564,450
	1,500	Strike @ $193 Exp 09/15	123,000
		Total Purchased Options (Cost $2,201,883)	1,674,350

Shares
INVESTMENT COMPANY – 3.02%
	5,703,572	BlackRock Liquidity Funds TempFund Portfolio		5,703,572
		Total Investment Company (Cost $5,703,572)		5,703,572
Total Investments – 102.54% (Cost $185,125,581)**				193,297,292
Net Other Assets and Liabilities – (2.54)%				(4,794,716	)
Net Assets – 100.00%			$	188,502,576

See accompanying Notes to Schedule of Investments.
	43

Aston Funds
ASTON/Anchor Capital Enhanced Equity Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	17,616,715
Gross unrealized depreciation		(9,445,004	)
Net unrealized appreciation	$	8,171,711

(a)	Security position is either partially or entirely pledged as collateral for written options.
ETF	Exchange-Traded Fund
S&P	Standard & Poor
SPDR	Standard & Poor’s Depositary Receipt
Transactions in written call options for the period ended July 31, 2015 were as follows:

Contracts	Number of Contracts			Premium
Outstanding, October 31, 2014		59,168		$	5,230,766
Call Options Written		205,822			21,262,725
Call Options Closed or Expired		(214,252	)		(22,159,695	)
Outstanding, July 31, 2015		50,738		$	4,333,796

Premiums received and value of written call equity options outstanding as of July 31, 2015.

Number of Contracts	Description	Premium Received		Market Value
	ADT
300	Strike @ $40 Exp 1/16	$	95,386	$	12,000
726	Strike @ $39 Exp 1/16		47,224		54,450
	Alcoa
1,600	Strike @ $14 Exp 1/16		28,799		20,800
	Altera
485	Strike @ $43 Exp 1/16		315,574		380,725
	AT&T
200	Strike @ $36 Exp 1/16		16,192		14,600
250	Strike @ $37 Exp 1/16		17,490		11,500
1,250	Strike @ $37 Exp 4/16		68,761		80,000
	Baker Hughes
300	Strike @ $57.50 Exp 1/16		122,386		167,250
350	Strike @ $60 Exp 1/16		95,534		155,750
50	Strike @ $65 Exp 1/16		13,648		10,775
	CenturyLink
1,150	Strike @ $34 Exp 1/16		56,303		23,000
	Cisco Systems
1,677	Strike @ $32 Exp 4/16		82,104		107,328
1,000	Strike @ $33 Exp 4/16		31,459		42,500
	Coach
50	Strike @ $45 Exp 11/15		12,048		250
950	Strike @ $38 Exp 2/16		125,754		71,250
200	Strike @ $39 Exp 2/16		22,283		12,000
	Deere
450	Strike @ $95 Exp 1/16		103,030		205,200
350	Strike @ $97.50 Exp 1/16		57,735		111,650
	Dow Chemical
100	Strike @ $57.50 Exp 1/16		8,990		5,700
350	Strike @ $50 Exp 3/16		65,099		89,250
100	Strike @ $52.50 Exp 3/16		15,800		17,400
	EMC
300	Strike @ $32 Exp 1/16		6,600		9,600
800	Strike @ $34 Exp 1/16		8,000		12,800
1,500	Strike @ $35 Exp 1/16		9,000		18,750
	Emerson Electric
450	Strike @ $70 Exp 9/15		17,376		1,125
600	Strike @ $75 Exp 9/15		9,342		1,500
50	Strike @ $67.50 Exp 1/16		4,996		250
	Exelon
1,241	Strike @ $38 Exp 1/16		66,491		21,717
759	Strike @ $39 Exp 1/16		30,815		9,488
	Fastenal
350	Strike @ $47 Exp 1/16		37,037		14,875
550	Strike @ $48 Exp 1/16		50,569		16,500
150	Strike @ $49 Exp 1/16		13,350		3,000
150	Strike @ $46 Exp 2/16		13,350		12,750
	FirstEnergy
150	Strike @ $40 Exp 10/15		7,929		375
150	Strike @ $40 Exp 1/16		9,969		1,800
1,700	Strike @ $41 Exp 1/16		70,481		21,250
	General Electric
2,350	Strike @ $28 Exp 1/16		108,168		94,000
350	Strike @ $27 Exp 3/16		31,324		26,250
	General Motors
800	Strike @ $45 Exp 1/16		83,966		8,000
	Halliburton
700	Strike @ $47 Exp 1/16		76,971		98,000
300	Strike @ $48 Exp 1/16		27,587		33,000
	Hartford Financial Services Group
1,700	Strike @ $45 Exp 1/16		273,695		705,500
	Huntington Bancshares
5,150	Strike @ $12 Exp 1/16		169,741		221,450
	Intel
2,600	Strike @ $35 Exp 4/16		157,693		93,600
	LyondellBasell Industries NV
850	Strike @ $95 Exp 3/16		446,865		586,500
	Paychex
1,250	Strike @ $48 Exp 3/16		216,246		175,000
200	Strike @ $49 Exp 3/16		26,100		21,000
	PPL
1,600	Strike @ $37 Exp 10/15		62,335		44,000
	Quest Diagnostics
700	Strike @ $85 Exp 1/16		120,874		59,500
300	Strike @ $80 Exp 2/16		53,507		66,750
	Republic Services
1,100	Strike @ $44 Exp 1/16		74,755		115,500
650	Strike @ $45 Exp 1/16		31,108		47,125

See accompanying Notes to Schedule of Investments.
	44

Aston Funds
ASTON/Anchor Capital Enhanced Equity Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Number of Contracts	Description	Premium Received		Market Value
	Schlumberger
850	Strike @ $100 Exp 2/16	$	91,722	$	61,625
	Staples
1,500	Strike @ $21 Exp 1/16		26,729		18,750
3,000	Strike @ $22 Exp 1/16		153,557		30,000
500	Strike @ $23 Exp 1/16		13,480		3,750
1,000	Strike @ $20 Exp 3/16		29,959		30,000
	Verizon Communications
850	Strike @ $50 Exp 4/16		92,614		68,000
	Xilinx
1,650	Strike @ $47 Exp 1/16		207,896		129,525
	Total Written Call Options	$	4,333,796	$	4,475,983

See accompanying Notes to Schedule of Investments.
	45

Aston Funds
ASTON/Lake Partners LASSO Alternatives Fund	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets

Shares			Market Value
INVESTMENT COMPANIES – 95.58%
		Long/Short Strategies – 38.68%
	843,481	Blackrock Global Long/Short Equity Fund-IS	$	10,054,297
	767,587	Convergence Core Plus Fund		14,223,392
	101	Diamond Hill Long/Short Fund-I		2,465
	420,792	FPA Crescent Fund-I		14,172,285
	855,622	John Hancock Seaport Fund-I		9,659,973
	1,603,326	Mainstay U.S. Equity Opportunities Fund		14,317,701
	753,825	Robeco Boston Partners Long/Short Equity Fund- IS		13,960,831
	1,745,206	The Weitz Funds-Partners III Opportunity Fund		27,103,056
				103,494,000
		Hedged Credit and Strategic Fixed Income – 20.69%
	661,857	Avenue Credit Strategies Fund		7,015,689
	1,353,093	Legg Mason BW Alternative Credit Fund		13,855,675
	1,770,385	Metropolitan West Unconstrained Bond Fund		20,979,064
	1,212,496	PIMCO Mortgage Opportunities Fund		13,507,206
				55,357,634
		Global Macro – 14.01%
	1,512,595	John Hancock Funds II - Global Absolute Return Strategies Fund		17,092,329
	1,857,702	Western Asset Macro Opportunities Fund		20,397,573
				37,489,902

		Managed Futures – 12.78%
	1,599,519	Abbey Capital Futures Strategy Fund-I		19,786,044
	1,316,843	ASG Managed Futures Strategy Fund-Y		14,393,098
				34,179,142
		Arbitrage – 5.53%
	1,137,341	Calamos Market Neutral Income Fund		14,796,808
		Money Market – 3.89%
	10,396,353	BlackRock Liquidity Funds Treasury Trust Fund Portfolio		10,396,353
		Total Investment Companies (Cost $250,739,043)		255,713,839
EXCHANGE TRADED FUND – 5.11%
	268,490	Proshares Large Cap Core Plus		13,682,222
		Total Exchange Traded Fund (Cost $13,640,681)		13,682,222
Total Investments – 100.69% (Cost $264,379,724)*				269,396,061
Net Other Assets and Liabilities – (0.69)%				(1,835,923	)
Net Assets – 100.00%			$	267,560,138

* At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	9,014,700
Gross unrealized depreciation		(3,998,363	)
Net unrealized appreciation	$	5,016,337

See accompanying Notes to Schedule of Investments.
	46

Aston Funds
ASTON/River Road Long-Short Fund	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets

The chart represents total investments in the Fund. Materials, Exchange Traded Fund and Healthcare are negative 3.94%, 1.01% and 0.50%, respectively, and cannot be represented in the pie chart format.

Shares				Market Value
COMMON STOCKS—98.85%
			Consumer Discretionary – 33.40%
	138,651		21st Century Fox, Class A (a)	$	4,782,073
	77,293		Comcast, Class A (a)		4,823,856
	135,655		General Motors (a)		4,274,489
	29,954		Las Vegas Sands (a)		1,678,622
	40,621		Liberty Broadband, Class C (a) *		2,174,442
	97,089		Liberty Media, Class C (a) *		3,660,255
	74,610		Liberty Ventures, Class A (a) *		3,094,823
	188,025		News, Class A (a) *		2,769,608
	138,503		SeaWorld Entertainment (a)		2,401,642
	24,747		Time Warner (a)		2,178,726
	56,016		Tribune Media, Class A (a)		2,828,248
					34,666,784
			Consumer Staples – 5.83%
	61,180		Wal-Mart Stores (a)		4,403,736
	45,422		Whole Foods Market (a)		1,653,361
					6,057,097
			Financials – 26.03%
	41,916		American Express (a)		3,188,131
	142,542		FNFV Group *		2,075,412
	59,689		GEO Group, REIT		2,253,260
	70,321		Iron Mountain, REIT		2,113,146
	59,721		Oaktree Capital Group, MLP (a)		3,296,002
	110,039		OneBeacon Insurance Group, Class A (Bermuda) (a)		1,595,566
	102,530		PayPal Holdings (a) *		3,967,911
	40,792		Ventas, REIT		2,736,735
	38,605		Wells Fargo (a)		2,234,071
	115,784		Weyerhaeuser, REIT (a)		3,553,411
					27,013,645
			Industrials – 14.18%
	183,971		Hertz Global Holdings *		3,125,667
	18,010		Precision Castparts		3,510,509
	14,921		Rolls-Royce Holdings, SP ADR		928,385
	32,489		UniFirst (a)		3,600,431
	15,510		WW Grainger (a)		3,547,292
					14,712,284
			Information Technology – 17.16%
	17,675		Apple		2,143,978
	4,166		Google, Class C *		2,606,291
	17,370		IAC/InterActive		1,342,006
	64,644		Microsoft (a)		3,018,875
	74,061		Motorola Solutions (a)		4,455,510
	48,232		Oracle (a)		1,926,386
	35,864		QUALCOMM (a)		2,309,283
					17,802,329
			Utilities – 2.25%
	69,151		ITC Holdings		2,335,921
			Total Common Stocks (Cost $103,026,418)		102,588,060
INVESTMENT COMPANY – 21.53%
	22,341,231		BlackRock Liquidity Funds TempFund Portfolio		22,341,231
			Total Investment Company (Cost $22,341,231)		22,341,231
Total Investments – 120.38% (Cost $125,367,649)**					124,929,291
SHORT SALES – (34.59)% (b)
COMMON STOCKS – (33.79)%
			Consumer Discretionary – (9.05)%
	(25,065	)	Best Buy		(809,349	)
	(59,540	)	Callaway Golf		(545,386	)
	(8,289	)	Fiesta Restaurant Group *		(481,840	)
	(21,392	)	La-Z-Boy		(543,357	)
	(10,708	)	Leggett & Platt		(511,949	)
	(17,482	)	Mattress Firm Holding *		(1,081,262	)
	(59,118	)	RONA (Canada)		(692,953	)
	(11,589	)	Royal Caribbean Cruises		(1,041,272	)
	(153,759	)	Ruby Tuesday *		(1,128,591	)
	(54,371	)	Time		(1,213,561	)
	(7,580	)	Whirlpool		(1,347,193	)
					(9,396,713	)

See accompanying Notes to Schedule of Investments.
	47

Aston Funds
ASTON/River Road Long-Short Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Shares				Market Value
			Consumer Staples – (2.10)%
	(87,636	)	Dean Foods	$	(1,559,921	)
	(14,007	)	Tyson Foods, Class A		(621,210	)
					(2,181,131	)
			Financials – (7.11)%
	(11,928	)	Boardwalk Real Estate Investment Trust, REIT (Canada)		(524,965	)
	(21,289	)	Camden Property Trust, REIT		(1,695,243	)
	(17,922	)	Equity Residential, REIT		(1,340,745	)
	(23,397	)	Home Capital Group (Canada)		(569,428	)
	(19,105	)	Mercury General		(1,078,477	)
	(26,463	)	Pennsylvania Real Estate Investment Trust, REIT		(580,069	)
	(19,430	)	Plum Creek Timber, REIT		(796,630	)
	(86,762	)	SLM *		(792,137	)
					(7,377,694	)
			Industrials – (8.75)%
	(125,326	)	ACCO Brands *		(1,025,167	)
	(10,563	)	Caterpillar		(830,569	)
	(29,092	)	Healthcare Services Group		(1,015,602	)
	(23,391	)	Mobile Mini		(868,508	)
	(38,465	)	Pitney Bowes		(804,688	)
	(80,535	)	RR Donnelley & Sons		(1,413,389	)
	(39,533	)	Tetra Tech		(1,053,159	)
	(22,615	)	United Continental Holdings *		(1,275,260	)
	(11,866	)	United Rentals *		(794,903	)
					(9,081,245	)
			Information Technology – (1.83)%
	(34,546	)	Canon, SP ADR		(1,104,436	)
	(9,233	)	FEI		(793,761	)
					(1,898,197	)
			Materials – (1.80)%
	(62,299	)	ArcelorMittal, SP ADR		(561,937	)
	(50,786	)	Louisiana-Pacific *		(748,586	)
	(75,928	)	Teck Resources, Class B (Canada)		(557,312	)
					(1,867,835	)
			Telecommunication Services – (1.32)%
	(25,711	)	Cogent Communications Holdings		(817,353	)
	(27,463	)	Consolidated Communications Holdings		(547,337	)
					(1,364,690	)
			Utilities – (1.83)%
	(13,603	)	DTE Energy		(1,094,497	)
	(33,085	)	South Jersey Industries		(801,980	)
					(1,896,477	)
			Total Common Stocks (Proceeds $35,014,285)		(35,063,982	)
EXCHANGE TRADED FUND – (0.80)%
	(63,837	)	United States Natural Gas Fund LP *		(832,434	)
			Total Exchange Traded Fund (Proceeds $1,077,219)		(832,434	)
Net Other Assets and Liabilities – 14.21%					14,744,291
Net Assets – 100.00%				$	103,777,166

$10,094,383 in cash and $46,557,103 in securities was segregated or on deposit with a prime broker to cover short sales as of July 31, 2015 and are included in “Net Other Assets and Liabilities”.

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	2,297,252
Gross unrealized depreciation		(2,735,610	)
Net unrealized depreciation	$	(438,358	)

(a)	Security position is either entirely or partially held in a segregated account as collateral for securities sold short.
(b)	The Fund is contractually responsible to the lender for any dividends payable and interest accrued on securities while those securities are in a short position. These dividends and interest are recorded as an expense of the Fund.
LP	Limited Partnership
MLP	Master Limited Partnership
REIT	Real Estate Investment Trust
SP ADR	Sponsored American Depositary Receipt

See accompanying Notes to Schedule of Investments.
	48

Aston Funds
ASTON/Barings International Fund	July 31, 2015
Schedule of Investments (unaudited)

% of Total Net Assets

			Market
Shares			Value
COMMON STOCKS – 95.18%
		Australia – 2.96%
	25,361	Amcor	$	267,128
	5,167	CSL		373,755
				640,883
		Bermuda – 1.28%
	173,000	Pax Global Technology *		276,272
		France – 8.09%
	7,390	Accor		362,585
	2,325	Air Liquide		302,709
	11,786	AXA		310,655
	4,393	BNP Paribas		286,148
	8,152	SES		252,159
	4,736	Total		234,449
				1,748,705
		Germany – 11.17%
	2,647	Bayer		390,419
	3,281	Daimler		293,277
	4,200	Deutsche Boerse		381,143
	6,688	Fresenius		461,492
	4,130	SAP		296,004
	18,643	TUI		320,834
	6,864	Wirecard		272,136
				2,415,305
		Hong Kong – 2.41%
	45,800	AIA Group		298,350
	24,800	HSBC Holdings		222,974
				521,324
		Japan – 28.00%
	22,100	Astellas Pharma		332,922
	9,600	Bridgestone		362,358
	5,600	Daikin Industries		362,384
	38,000	Hitachi		246,639
	20,000	Hitachi Metals		297,737
	19,800	Isuzu Motors		274,470
	8,600	Japan Tobacco		334,015
	14,400	KDDI		366,056
	21,000	Kubota		359,814
	27,000	Mitsubishi Electric		290,511
	61,300	Mitsubishi UFJ Financial Group		445,153
	11,000	Mitsui Fudosan		313,176
	16,600	Rakuten		267,280
	12,800	Sony *		364,888
	1,533	Sony, SP ADR *		43,461
	77,000	Sumitomo Mitsui Trust Holdings		357,741
	7,300	Takeda Pharmaceuticals		367,548
	8,800	Tokio Marine Holdings		366,741
	4,500	Toyota Motor		299,661
				6,052,555
		Netherlands – 6.84%
	3,777	Airbus Group		267,966
	3,501	ASML Holding		348,508
	19,048	Koninklijke Ahold		379,164
	8,819	Koninklijke Philips		245,189
	8,266	Royal Dutch Shell, Class A		237,665
				1,478,492
		Singapore – 1.12%
	16,500	DBS Group Holdings		242,716
		Spain – 1.54%
	7,641	Amadeus IT Holding		333,235
		Sweden – 1.57%
	16,713	Assa Abloy		339,229
		Switzerland – 7.60%
	2,726	Actelion		403,131
	4,521	Julius Baer Group		250,075
	3,255	Novartis		338,199
	18,643	UBS Group		429,273
	727	Zurich Financial Services		221,418
				1,642,096
		United Kingdom – 22.60%
	14,197	Admiral Group		328,348
	21,643	ARM Holdings		340,353
	4,865	AstraZeneca		328,208
	66,180	Barclays		298,629
	25,537	BG Group		435,686
	5,587	British American Tobacco		331,634
	52,663	BT Group		381,968
	47,920	GKN		238,347
	61,465	Indivior *		253,213
	15,823	Prudential		372,502

See accompanying Notes to Schedule of Investments.
	49

Aston Funds
ASTON/Barings International Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

			Market
Shares			Value
		United Kingdom (continued)
	3,442	Reckitt Benckiser Group	$	330,520
	5,100	SABMiller		267,962
	6,310	Shire		559,705
	18,242	WPP		418,766
				4,885,841
		Total Common Stocks (Cost $18,143,052)		20,576,653
INVESTMENT COMPANY – 4.02%
	868,676	BlackRock Liquidity Funds TempFund Portfolio		868,676
		Total Investment Company (Cost $868,676)		868,676
Total Investments – 99.20% (Cost $19,011,728)**				21,445,329
Net Other Assets and Liabilities – 0.80%				172,327
Net Assets – 100.00%			$	21,617,656

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes

Gross unrealized appreciation	$	2,794,574
Gross unrealized depreciation		(360,973	)
Net unrealized appreciation	$	2,433,601

SP ADR Sponsored American Depositary Receipt

See accompanying Notes to Schedule of Investments.
	50

Aston Funds
ASTON/Guardian Capital Global Dividend Fund	July 31, 2015
Schedule of Investments (unaudited)

% of Total Net Assets

			Market
Shares			Value
COMMON STOCKS – 100.07%
		Australia – 3.53%
	1,679	Australia & New Zealand Banking Group	$	40,107
	1,100	Sonic Healthcare		16,620
	5,200	Sydney Airport		21,323
	10,100	Telstra		47,913
	1,200	Westpac Banking		30,577
				156,540
		Belgium – 3.56%
	660	Anheuser-Busch InBev, SP ADR		78,903
	2,100	Proximus		79,084
				157,987
		Canada – 2.42%
	350	DH		11,534
	1,220	Keyera		40,093
	690	Pembina Pipeline		20,085
	610	Royal Bank of Canada		35,569
				107,281
		France – 2.43%
	2,600	AXA		68,531
	800	Total		39,603
				108,134
		Germany – 6.18%
	600	BASF		51,760
	300	Bayer		44,248
	326	Daimler		29,140
	2,500	Deutsche Telekom		45,166
	176	Muenchener Rueckversicherungs-Gesellschaft		32,338
	1,400	ProSiebenSat.1 Media		71,573
				274,225
		Ireland – 2.61%
	673	Medtronic		52,756
	1,250	Seagate Technology		63,250
				116,006
		Israel – 1.17%
	750	Teva Pharmaceutical, SP ADR		51,765
		Italy – 0.77%
	1,960	Eni		34,355
		Japan – 4.22%
	5,906	Daiwa Securities Group		45,924
	103	FANUC		17,187
	1,213	Fuji Heavy Industries		44,875
	6,297	Mitsubishi UFJ Financial Group		45,728
	750	Sumitomo Mitsui Financial Group		33,550
				187,264
		Netherlands – 1.47%
	218	LyondellBasell Industries, Class A		20,455
	1,003	Unilever		44,964
				65,419
		Spain – 2.94%
	5,367	Ferrovial		130,500
		Sweden – 1.51%
	4,200	Skandinaviska Enskilda Banken		50,633
	700	Swedbank, Class A		16,407
				67,040
		Switzerland – 6.74%
	1,000	Nestle		75,753
	910	Novartis, ADR		94,413
	1,657	STMicroelectronics		12,875
	200	Swisscom		116,320
				299,361
		United Kingdom – 10.18%
	600	AstraZeneca		40,478
	5,491	BAE Systems		41,177
	258	BP, SP ADR		9,538
	540	British American Tobacco, SP ADR		64,260
	418	GlaxoSmithKline, SP ADR		18,158
	1,400	Imperial Tobacco Group		73,569
	5,500	Legal & General Group		22,392
	5,000	National Grid		66,612
	442	Prudential, ADR		20,889
	500	Royal Dutch Shell, Class A		14,367
	3,400	SSE		80,440
				451,880
		United States – 50.34%
	1,090	AbbVie		76,311
	440	Air Products & Chemicals		62,704
	1,500	Altria Group		81,570

See accompanying Notes to Schedule of Investments.
	51

Aston Funds
ASTON/Guardian Capital Global Dividend Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

			Market
Shares			Value
		United States (continued)
	564	Ameren	$	23,169
	140	Amgen		24,723
	1,054	Apple		127,850
	2,194	AT&T		76,220
	860	Automatic Data Processing		68,602
	1,900	BioMed Realty Trust, REIT		40,926
	211	Chevron		18,669
	430	ConocoPhillips		21,646
	1,400	CSX		43,792
	1,390	Dow Chemical		65,413
	490	Dr Pepper Snapple Group		39,308
	610	Duke Energy		45,274
	270	Entergy		19,175
	270	Exxon Mobil		21,387
	560	General Dynamics		83,502
	220	Genuine Parts		19,569
	379	Gilead Sciences		44,669
	372	Goldman Sachs Group		76,286
	934	Illinois Tool Works		83,565
	760	Intel		22,002
	899	Johnson & Johnson		90,089
	1,148	JPMorgan Chase		78,672
	200	Kimberly-Clark		22,994
	764	Kinder Morgan		26,465
	360	Lockheed Martin		74,556
	330	Macy’s		22,790
	220	McDonald’s		21,969
	562	Merck		33,136
	487	Microsoft		22,743
	540	Newell Rubbermaid		23,371
	876	Pfizer		31,589
	380	Philip Morris International		32,501
	370	Procter & Gamble		28,379
	396	Republic Services		16,842
	1,086	Reynolds American		93,168
	1,380	Six Flags Entertainment		64,363
	1,235	Spirit Realty Capital, REIT		12,535
	597	Starbucks		34,584
	422	Texas Instruments		21,092
	1,355	Verizon Communications		63,400
	650	VF		50,109
	281	Walt Disney		33,720
	740	Waste Management		37,836
	1,540	Wells Fargo		89,120
	427	Williams		22,409
				2,234,764
		Total Common Stocks (Cost $4,178,473)		4,442,521
INVESTMENT COMPANY – 0.05%
	2,117	BlackRock Liquidity Funds TempFund Portfolio		2,117
		Total Investment Company (Cost $2,117)		2,117
Total Investments – 100.12% (Cost $4,180,590)*				4,444,638
Net Other Assets and Liabilities – (0.12)%				(5,356	)
Net Assets – 100.00%			$	4,439,282

* At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	426,403
Gross unrealized depreciation		(162,355	)
Net unrealized appreciation	$	264,048

ADR	American Depositary Receipt
REIT	Real Estate Investment Trust
SP ADR	Sponsored American Depositary Receipt

See accompanying Notes to Schedule of Investments.
	52

Aston Funds
ASTON/LMCG Emerging Markets Fund	July 31, 2015
Schedule of Investments (unaudited)

% of Total Net Assets

			Market
Shares			Value
COMMON STOCKS – 92.06%
		Brazil – 9.60%
	3,600	Ambev SA	$	20,345
	2,980	Banco Bradesco		23,665
	2,100	Banco do Brasil SA		13,371
	2,500	Braskem, Preference A		9,090
	2,100	Embraer SA		14,579
	1,200	Fibria Celulose SA		15,890
	3,080	Itau Unibanco Holding		26,923
	6,000	JBS		26,811
	400	Lojas Renner SA		12,681
	3,200	Metalurgica Gerdau SA, Preference		3,243
	1,400	Porto Seguro SA		15,942
	5,100	Suzano Papel e Celulose, Preference A		24,875
				207,415
		Cayman Islands – 0.62%
	13,000	Belle International Holdings		13,516
		China – 16.66%
	40,000	Agricultural Bank of China, Class H		18,059
	18,000	Air China, Class H (a)		18,088
	79,000	Bank of China, Class H		43,208
	27,000	Bank of Communications, Class H		23,753
	31,000	China CITIC Bank, Class H *		22,113
	32,000	China Construction Bank, Class H		26,129
	21,000	China Railway Group		17,933
	8,000	China Shenhua Energy, Class H		15,232
	26,000	Chongqing Rural Commerical Bank, Class H		18,614
	37,000	Evergrande Real Estate, Class H		24,484
	71,000	Industrial and Commercial Bank of China, Class H		48,907
	5,300	Shanghai Pharmaceuticals Holding, Class H		12,552
	3,200	Sinopharm Group, Class H		12,301
	2,400	Tencent Holdings		44,797
	12,000	Zhejiang Expressway, Class H		13,823
				359,993
		Czech Republic – 0.55%
	490	CEZ AS		11,859
		Egypt – 0.86%
	2,759	Commerical International Bank SAE, GDR		18,513
		Hong Kong – 3.59%
	3,000	China Mobile		39,279
	12,000	CITIC		21,485
	40,000	Geely Automobile Holdings		16,821
				77,585
		India – 3.44%
	2,450	ICICI Bank, SP ADR		24,672
	969	Reliance Industries, GDR		30,184
	1,576	Wipro, ADR		19,479
				74,335
		Indonesia – 2.35%
	57,100	Bank Negara Indonesia Persero Tbk		20,092
	22,500	Bank Rakyat Indonesia Persero Tbk PT		16,633
	31,100	Indofood Sukses Makmur Tbk PT		14,024
				50,749
		Malaysia – 0.68%
	9,400	IHH Healthcare Bhd		14,772
		Mexico – 6.06%
	40,200	America Movil		39,096
	2,900	Arca Continental		17,417
	8,600	Compartamos *		14,806
	1,300	Gruma, Class B *		17,008
	3,200	Grupo Aeroportuario del Pacifico		25,252
	7,137	Wal-Mart de Mexico SAB de CV		17,301
				130,880
		Philippines – 0.74%
	7,320	BDO Unibank		16,069
		Poland – 1.53%
	578	KGHM Polska Miedz, SA		14,557
	921	Polski Koncern Naftowy Orlen SA		18,590
				33,147
		Russia – 2.73%
	3,073	Gazprom, SP ADR		14,289
	1,015	Gazprom, SP ADR		4,659
	326	Lukoil, SP ADR		13,333
	45	Lukoil, SP ADR		1,863
	557	MMC Norilsk Nickel OJSC, ADR		8,611
	552	Tatneft, SP ADR		16,245
				59,000
		South Africa – 6.11%
	1,894	Barloworld		13,475
	5,093	FirstRand		22,038
	1,107	Foschini Group		12,605
	6,164	Growthpoint Properties, REIT		13,507

See accompanying Notes to Schedule of Investments.
	53

Aston Funds
ASTON/LMCG Emerging Markets Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

			Market
Shares			Value
		South Africa (continued)
	1,341	Liberty Holdings	$	15,074
	7,492	Netcare		23,921
	4,981	Sappi *		16,356
	1,301	Vodacom Group		15,073
				132,049
		South Korea – 15.58%
	51	CJ CheilJedang		17,913
	360	Daesang		10,937
	360	Dongbu Insurance		17,075
	1,322	Doosan Infracore *		8,598
	83	E-Mart		16,953
	181	Hyosung		22,042
	1,563	Industrial Bank of Korea		18,500
	212	KT&G		19,929
	690	LG Display		13,032
	446	LG International		10,977
	68	Lotte Chemical		15,138
	473	Nexen Tire		5,659
	336	Samsung Electro-Mechanics		15,592
	76	Samsung Electronics		76,964
	70	Samsung Fire & Marine Insurance		16,750
	308	Samsung Securities		13,845
	746	SK Hynix		23,652
	155	SK Innovation *		13,180
				336,736
		Taiwan – 15.87%
	20,000	Advanced Semiconductor Engineering		23,122
	45,000	Au Optronics		14,396
	3,000	Catcher Technology		33,068
	7,000	Cheng Uei Precision Industry		9,778
	31,000	China Airlines *		13,796
	5,000	Chunghwa Telecom		15,520
	18,000	Compal Electronics		12,144
	1,000	Eclat Textile		14,681
	3,000	FLEXium Interconnect		10,025
	15,000	Fubon Financial Holding		27,366
	14,400	Hon Hai Precision Industry		41,369
	18,000	King Yuan Electronics		12,144
	4,000	Pegatron		11,251
	9,000	Pou Chen		12,771
	9,000	Taiwan Semiconductor Manufacturing		39,767
	13,984	Uni-President Enterprises		24,628
	46,000	United Microelectronics		16,391
	10,000	Win Semiconductors		10,706
				342,923
		Thailand – 1.16%
	81,000	Jasmine International		11,491
	7,700	PTT Global Chemical		13,491
				24,982
		Turkey – 3.93%
	12,262	Eregli Demir ve Celik Fabrikalari TAS		18,408
	2,008	Koza Altin Isletmeleri AS		16,847
	984	Tav Havalimanlari Holding AS		7,492
	5,116	Turk Hava Yollari *		16,670
	5,727	Turk Telekomunikasyon AS		14,219
	7,534	Turkiye Vakiflar Bankasi Tao, Class D		11,364
				85,000
		Total Common Stocks (Cost $2,111,244)		1,989,523
EXCHANGE TRADED FUNDS – 5.17%
		United States – 5.17%
	1,897	iShares MSCI Emerging Markets Index Fund		70,417
	1,333	iShares MSCI India		41,390
				111,807
		Total Exchange Traded Funds (Cost $100,051)		111,807
INVESTMENT COMPANY – 3.12%
	67,460	BlackRock Liquidity Funds TempFund Portfolio		67,460
		Total Investment Company (Cost $67,460)		67,460
Total Investments – 100.35% (Cost $2,278,755)**				2,168,790
Net Other Assets and Liabilities – (0.35)%				(7,542	)
Net Assets – 100.00%			$	2,161,248

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	218,070
Gross unrealized depreciation		(328,035	)
Net unrealized depreciation	$	(109,965	)

(a)	This security has been determined by the Subadviser to be an illiquid security. At July 31, 2015, this security amounted to $18,088 or 0.84% of net assets.
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
REIT	Real Estate Investment Trust
SP ADR	Sponsored American Depositary Receipt

See accompanying Notes to Schedule of Investments.
	54

Aston Funds
ASTON/Pictet International Fund	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets 

Shares			Market Value
COMMON STOCKS – 98.23%
		Australia – 4.07%
	11,137	Ansell	$	204,004
	71,828	Asciano		426,848
	28,010	Computershare		253,057
	70,046	Estia Health *		317,953
	87,287	Primary Health Care		293,492
				1,495,354
		Austria – 1.11%
	13,590	Erste Bank Group *		407,309
		Belgium – 2.12%
	12,058	Ageas		496,535
	9,290	Ontex Group		282,514
				779,049
		Bermuda – 1.38%
	9,324	Jardine Matheson Holdings		505,920
		Cayman Islands – 4.51%
	49,248	Cheung Kong Property Holding *		410,384
	49,248	CK Hutchison Holdings		731,195
	242,400	MGM China Holdings		514,673
				1,656,252
		Denmark – 3.58%
	5,096	Carlsberg, Class B		443,988
	21,632	H Lundbeck *		511,284
	17,439	Matas		359,310
				1,314,582
		Finland – 2.95%
	153,441	Nokia		1,083,561
		France – 8.01%
	139,204	Bollore		770,517
	24,551	Elis		406,064
	8,812	Orpea		665,444
	6,061	Rubis		435,895
	10,321	Vinci		661,966
				2,939,886
		Germany – 1.88%
	4,691	Bayer		691,899
		Hong Kong – 1.65%
	1,014,637	PCCW		607,293
		Italy – 5.80%
	29,204	Astaldi		280,962
	46,054	Cerved Information Solutions *		371,248
	40,507	Finmeccanica *		583,667
	118,418	Sorin *		341,778
	212,184	UnipolSai		551,817
				2,129,472
		Japan – 17.57%
	16,200	Bandai Namco Holdings		359,332
	9,100	Daiichikosho		357,950
	2,900	FANUC		483,899
	19,100	Fujitec		198,035
	69,800	Inpex		760,600
	18,600	Japan Tobacco		722,404
	31,100	LIXIL Group		624,585
	6,200	Miraca Holdings		285,650
	21,600	SoftBank Group		1,199,254
	16,300	Sompo Japan Nipponkoa Holdings		575,008
	13,300	Sumitomo Mitsui Financial Group		594,950
	5,700	Welcia Holdings		291,588
				6,453,255
		Luxembourg – 1.11%
	5,578	Millicom International Cellular, SDR		408,000
		Malaysia – 0.43%
	73,600	Genting		156,649
		Netherlands – 3.15%
	6,367	ASML Holding		633,805
	9,118	Konnikluke DSM		520,820
				1,154,625
		New Zealand – 0.85%
	139,769	Trade Me Group		312,767
		Papua New Guinea – 0.53%
	35,257	Oil Search		192,512
		Philippines – 0.46%
	1,582,700	Metro Pacific Investments		167,838
		Portugal – 1.01%
	43,933	NOS SGPS		372,292

See accompanying Notes to Schedule of Investments.
	55

Aston Funds
ASTON/Pictet International Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Shares			Market Value
		Russia – 1.10%
	82,504	Sberbank, SP ADR	$	404,270
		South Korea – 2.52%
	1,023	NAVER		457,231
	463	Samsung Electronics		468,876
				926,107
		Spain – 5.01%
	53,271	Banco Bilbao Vizcaya Argentaria		539,064
	64,347	Distribuidora Internacional de Alimentacion *		402,743
	18,756	Merlin Properties REIT (a) *		205,555
	28,135	Merlin Properties Socimi, REIT *		308,343
	23,128	Obrascon Huarte Lain		384,561
				1,840,266
		Sweden – 2.16%
	17,196	Alfa Laval		316,342
	54,097	Com Hem Holding		477,838
				794,180
		Switzerland – 7.30%
	6,334	Cie Financiere Richemont		546,679
	10,166	Gategroup Holding *		375,583
	12,551	Nestle		950,774
	1,303	Sunrise Communications Group (b) *		102,482
	30,554	UBS Group *		703,536
				2,679,054
		United Kingdom – 17.97%
	7,357	AstraZeneca		496,326
	52,533	BBA Aviation		243,571
	54,452	BG Group		929,005
	225,567	Enterprise Inns *		396,288
	33,742	GlaxoSmithKline		735,604
	88,932	HSBC Holdings		805,085
	62,287	Inmarsat		863,760
	42,784	Petrofac		587,958
	23,932	Prudential		563,403
	23,671	Standard Chartered		362,338
	27,919	Tate & Lyle		237,616
	59,801	William Hill		378,128
				6,599,082
		Total Common Stocks (Cost $35,148,082)		36,071,474
PREFERRED STOCK – 1.26%
		Germany – 1.26%
	6,170	Porsche Automobile Holding		464,102
		Total Preferred Stock (Cost $584,600)		464,102
INVESTMENT COMPANY – 0.81%
	296,947	BlackRock Liquidity Funds TempFund Portfolio		296,947
Total Investment Company (Cost $296,947)				296,947
Total Investments – 100.30% (Cost $36,029,629)**				36,832,523
Net Other Assets and Liabilities – (0.30)%				(109,607	)
Net Assets – 100.00%			$	36,722,916

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.

Gross unrealized appreciation	$	2,563,378
Gross unrealized depreciation		(1,760,484	)
Net unrealized appreciation	$	802,894

(a)	Securities with a total aggregate market value of $205,555 or 0.56% of the net assets, were valued under the fair value procedures established by the Funds’ Board of Trustees.
(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security is purchased in accordance with guidelines approved by the Fund’s Board of Trustees and may only be resold, in transactions exempt from registration, to qualified institutional buyers. At July 31, 2015, this security amounted to $102,482 or 0.28% of net assets. This security has not been determined by the Subadviser to be an illiquid security.
REIT	Real Estate Investment Trust
SDR	Sponsored Depositary Receipt
SP ADR	Sponsored American Depositary Receipt

See accompanying Notes to Schedule of Investments.
	56

Aston Funds
ASTON/ TAMRO International Small Cap Fund	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets

Shares			Market Value
COMMON STOCKS – 96.17%
		Australia – 4.72%
	12,500	FlexiGroup	$	27,685
	4,300	Super Retail Group		29,011
	7,500	Treasury Wine Estates		31,632
				88,328
		Bermuda – 3.87%
	5,800	Cosan Ltd, Class A		27,260
	1,050	Golar LNG		45,224
				72,484
		Canada – 2.43%
	2,700	Descartes Systems Group *		45,542
		Cayman Islands – 2.98%
	68,000	Baoxin Auto Group		33,683
	13,500	Phoenix Healthcare Group		22,116
				55,799
		China – 1.89%
	109,000	China Modern Dairy Holdings		35,291
		France – 9.45%
	500	Gaztransport Et Technigaz SA		30,504
	300	ID Logistics Group *		33,195
	2,000	Tarkett SA		47,521
	3,380	UBISOFT Entertainment *		65,667
				176,887
		Germany – 2.56%
	560	KUKA AG		48,008
		Hong Kong – 4.42%
	36,500	Hongkong & Shanghai Hotels		48,401
	20,000	Melco International Developement		34,312
				82,713
		Italy – 7.95%
	1,660	Recordati		41,366
	540	Tod’s		54,561
	1,565	Yoox *		52,869
				148,796
		Japan – 27.34%
	1,000	Aiming *		13,136
	1,800	AP *		29,338
	1,000	Askul		36,471
	2,100	Azbil		49,952
	3,100	DCM Holdings		28,265
	55	GLP J-REIT		52,943
	3,900	Haseko		49,436
	2,000	Ito En		46,541
	3,300	MISUMI Group		40,819
	2,900	Park24		52,766
	6,300	Shinko Plantech		52,002
	1,400	Sumitomo Real Estate Sales		37,334
	6,200	Wacom		22,962
				511,965
		Mexico – 2.21%
	27,900	Mexico Real Estate Management SA de CV, REIT		41,315
		Norway – 1.45%
	1,625	Kongsberg Gruppen ASA		27,155
		Poland – 1.09%
	400	CCC SA		20,466
		Switzerland – 4.13%
	1,540	GAM Holding AG		32,273
	55	Kaba Holding AG, Class B		35,175
	80	Panalpina Welttransport Holding AG		9,951
				77,399
		United Kingdom – 17.68%
	3,100	BrainJuicer Group *		19,911
	745	Dialog Semiconductor *		37,081
	15,100	Electrocomponents		46,997
	4,457	Intermediate Capital Group		40,614
	5,275	Northgate		45,143
	7,340	SThree		44,474
	1,010	Ted Baker		50,898
	1,520	Victrex		45,955
				331,073
		Virgin Islands (British) – 2.00%
	8,800	Arcos Dorados Holdings, Class A		37,400
		Total Common Stocks (Cost $1,727,101)		1,800,621

See accompanying Notes to Schedule of Investments.
	57

Aston Funds
ASTON/ TAMRO International Small Cap Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Shares			Market Value
PREFERRED STOCK – 1.49%
		Germany – 1.49%
	990	Biotest AG	$	27,856
		Total Preferred Stock (Cost $34,213)		27,856
INVESTMENT COMPANY – 4.96%
	92,882	BlackRock Liquidity Funds TempFund Portfolio		92,882
		Total Investment Company (Cost $92,882)		92,882
Total Investments – 102.62% (Cost $1,854,196)**				1,921,359
Net Other Assets and Liabilities – (2.62)%				(48,989	)
Net Assets – 100.00%			$	1,872,370

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes

Gross unrealized appreciation	$	191,523
Gross unrealized depreciation		(124,360	)
Net unrealized appreciation	$	67,163

REIT Real Estate Investment Trust

See accompanying Notes to Schedule of Investments.
	58

Aston Funds
ASTON/Harrison Street Real Estate Fund	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets

Shares			Market Value
COMMON STOCKS – 99.97%
		Diversified – 16.36%
	7,756	American Tower	$	737,672
	3,861	EPR Properties		220,539
	1,421	EQUINIX		396,331
	7,238	GEO Group		273,235
	26,671	Spirit Realty Capital		270,711
				1,898,488
		Healthcare – 11.21%
	8,973	Health Care		622,457
	5,895	LTC Properties		258,614
	11,580	Omega Healthcare Investors		419,891
				1,300,962
		Hotels – 7.72%
	11,159	Chesapeake Lodging Trust		357,869
	5,798	Pebblebrook Hotel Trust		235,979
	22,094	Strategic Hotels & Resorts *		302,025
				895,873
		Industrial – 6.95%
	3,734	EastGroup Properties		224,787
	9,523	Prologis		386,729
	9,952	STAG Industrial		195,457
				806,973
		Office Properties – 13.73%
	5,085	Boston Properties		626,879
	6,603	CyrusOne		202,976
	6,691	Hudson Pacific Properties		205,949
	4,839	SL Green Realty		557,162
				1,592,966
		Residential – 15.06%
	3,982	Camden Property Trust		317,087
	2,625	Essex Property Trust		590,389
	3,961	Mid-America Apartment Communities		318,227
	15,448	UDR		522,297
				1,748,000
		Retail – 21.68%
	8,798	Acadia Realty Trust		281,360
	7,071	Agree Realty		219,130
	12,784	Kimco Realty		315,893
	3,387	Macerich		268,115
	15,987	Retail Opportunity Investments		274,177
	6,185	Simon Property Group		1,157,956
				2,516,631
		Storage – 5.78%
	4,902	Extra Space Storage		360,395
	3,265	Sovran Self Storage		310,861
				671,256
		Telecommunications Equipment – 1.48%
	1,419	SBA Communications *		171,302
		Total Common Stocks (Cost $11,456,709)		11,602,451
INVESTMENT COMPANY – 0.26%
	30,866	BlackRock Liquidity Funds TempFund Portfolio		30,866
		Total Investment Company (Cost $30,866)		30,866
Total Investments – 100.23% (Cost $11,494,433)**				11,633,317
Net Other Assets and Liabilities – (0.23)%				(27,227	)
Net Assets – 100.00%			$	11,606,090

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.
	Gross unrealized appreciation	$	461,551
	Gross unrealized depreciation		(322,667	)
	Net unrealized appreciation	$	138,884

See accompanying Notes to Schedule of Investments.
	59

Aston Funds
ASTON/Montag & Caldwell Balanced Fund	July 31, 2015
Schedule of Investments (unaudited)

 

% of Total Net Assets

Shares			Market Value
COMMON STOCKS – 57.79%
		Consumer Discretionary – 9.56%
	8,100	Carnival	$	431,649
	4,200	Dollar General		337,554
	5,400	Dollar Tree *		421,362
	2,300	NIKE, Class B		265,006
	8,600	Starbucks		498,198
	6,050	TJX		422,411
				2,376,180
		Consumer Staples – 13.46%
	6,600	Colgate-Palmolive		448,932
	1,400	Costco Wholesale		203,420
	3,400	CVS Health		382,398
	4,850	Estee Lauder, Class A		432,184
	15,750	Mondelez International, Class A		710,798
	6,720	PepsiCo		647,472
	5,400	Walgreens Boots Alliance		521,802
				3,347,006
		Energy – 0.65%
	2,300	Occidental Petroleum		161,460
		Financials – 1.07%
	4,600	Wells Fargo		266,202
		Healthcare – 17.52%
	11,250	Abbott Laboratories		570,263
	1,996	Allergan PLC (Ireland) *		660,972
	2,450	AmerisourceBergen		259,087
	1,687	Amgen		297,907
	675	Biogen *		215,177
	3,300	Celgene *		433,125
	5,200	Cerner *		372,944
	4,200	Gilead Sciences		495,012
	2,356	McKesson		519,663
	3,800	Thermo Fisher Scientific		530,214
				4,354,364
		Industrials – 4.82%
	4,500	Honeywell International		472,725
	1,496	Union Pacific		145,995
	4,600	United Parcel Service, Class B		470,856
	479	WW Grainger		109,552
				1,199,128
		Information Technology – 10.71%
	3,750	Accenture PLC, Class A (Ireland)		386,662
	5,400	Cognizant Technology Solutions, Class A *		340,740
	3,800	Facebook, Class A *		357,238
	805	Google, Class A *		529,288
	3,100	MasterCard, Class A		301,940
	1,200	QUALCOMM		77,268
	8,868	Visa, Class A		668,115
				2,661,251
		Total Common Stocks (Cost $11,155,125)		14,365,591

Par Value
CORPORATE NOTES AND BONDS – 23.47%
		Consumer Staples – 2.48%
$	275,000	PepsiCo
		Senior Unsecured Notes
		5.000%, 06/01/18	301,308
	300,000	Wal-Mart Stores
		Senior Unsecured Notes
		3.250%, 10/25/20	316,224
			617,532
		Energy – 1.42%
	350,000	Chevron
		Senior Unsecured Notes
		1.718%, 06/24/18	352,229
		Financials – 6.64%
	300,000	General Electric Capital
		Senior Unsecured Notes, MTN
		4.375%, 09/16/20	327,985
	300,000	Goldman Sachs Group
		Senior Unsecured Notes
		3.625%, 02/07/16	304,174
	300,000	JPMorgan Chase
		Senior Unsecured Notes
		4.350%, 08/15/21	321,829
	350,000	U.S. Bancorp
		Subordinated Notes, MTN
		2.950%, 07/15/22	347,010
	350,000	Wells Fargo & Co
		Senior Unsecured Notes, MTN
		2.150%, 01/30/20	348,352
			1,649,350
		Healthcare – 3.90%
	250,000	Johnson & Johnson
		Senior Unsecured Notes
		5.950%, 08/15/37	325,268
	350,000	Merck & Co., Inc.
		Senior Unsecured Notes
		2.350%, 02/10/22	343,224

See accompanying Notes to Schedule of Investments.
	60

Aston Funds
ASTON/Montag & Caldwell Balanced Fund	July 31, 2015
Schedule of Investments (unaudited) – continued

Par Value			Market Value
		Healthcare (continued)
$	300,000	Pfizer
		Senior Unsecured Notes
		1.100%, 05/15/17	$	300,278
				968,770
		Industrials – 1.24%
	300,000	United Parcel Service
		Senior Unsecured Notes
		3.125%, 01/15/21		309,218
		Information Technology – 7.79%
	350,000	Apple
		Senior Unsecured Notes
		1.000%, 05/03/18		346,593
	300,000	Cisco Systems
		Senior Unsecured Notes
		5.500%, 02/22/16		308,385
	325,000	EMC
		Senior Unsecured Notes
		1.875%, 06/01/18		325,436
	300,000	Google
		Senior Unsecured Notes
		3.625%, 05/19/21		320,788
	350,000	Oracle
		Senior Unsecured Notes
		2.500%, 10/15/22		338,766
	300,000	QUALCOMM
		Senior Unsecured Notes
		2.250%, 05/20/20		296,493
				1,936,461
		Total Corporate Notes and Bonds (Cost $5,750,795)		5,833,560
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 13.97%
		Fannie Mae – 0.11%
	8,239	7.500%, 02/01/35
		Pool # 787557		8,733
	2,860	7.500%, 04/01/35
		Pool # 819231		3,046
	14,121	6.000%, 11/01/35
		Pool # 844078		16,104
				27,883
		Freddie Mac – 1.55%
	375,000	1.000%, 09/29/17		376,382
	7,223	5.500%, 12/01/20
		Gold Pool # G11820		7,791
				384,173
		Ginnie Mae – 0.03%
	6,048	5.500%, 02/15/39
		Pool # 698060		6,811
		U.S. Treasury Bonds – 3.94%
	275,000	5.375%, 02/15/31		379,092
	350,000	3.500%, 02/15/39		391,563
	200,000	3.125%, 11/15/41		209,359
				980,014
		U.S. Treasury Notes – 8.34%
	225,000	4.500%, 02/15/16		230,098
	250,000	2.625%, 04/30/16		254,336
	250,000	4.625%, 02/15/17		265,586
	250,000	1.375%, 09/30/18		252,344
	350,000	1.500%, 01/31/19		353,800
	375,000	2.125%, 08/15/21		382,148
	325,000	2.500%, 05/15/24		334,522
				2,072,834
		Total U.S. Government and Agency Obligations (Cost $3,375,863)		3,471,715

Shares
INVESTMENT COMPANY – 6.84%
	1,699,704	BlackRock Liquidity Funds TempFund Portfolio		1,699,704
		Total Investment Company (Cost $1,699,704)		1,699,704
Total Investments – 102.07% (Cost $21,981,487)**				25,370,570
Net Other Assets and Liabilities – (2.07)%				(514,041	)
Net Assets – 100.00%			$	24,856,529

*	Non-income producing security.
**	At July 31, 2015, cost is identical for book and Federal income tax purposes.
	Gross unrealized appreciation	$	3,462,712
	Gross unrealized depreciation		(73,629	)
	Net unrealized appreciation		$3,389,083
MTN	Medium Term Note

Portfolio Composition
Common Stocks	56	%
Investment Company	7	%
U.S. Government and Agency Obligations	14	%
Corporate Notes and Bonds
(Moody’s Ratings unaudited)
AAA	1	%
AA	7	%
A	15	%
	100	%

For financial reporting purposes, credit quality ratings shown are assigned by Moody’s Investors Service. If a Moody’s credit quality rating is not available the credit quality ratings shown are assigned by Standard & Poor’s. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of Baa/ BBB or higher. Below investment grade ratings are credit ratings of Ba/BB or lower. Credit quality ratings are subject to change.

See accompanying Notes to Schedule of Investments.
	61

Aston Funds
	July 31, 2015
Notes to Schedule of Investments (unaudited)

(1) Security Valuation: Equity securities, closed-end funds, exchange-traded funds, index options traded on a national securities exchange, and over-the-counter securities listed on the NASDAQ National Market System are valued at the last sale price or the NASDAQ Official Closing Price (“NOCP”), if applicable. If no last sale price or NOCP, if applicable, is reported, the mean of the last bid and asked prices may be used. Fixed income securities, except short-term investments, are valued on the basis of mean prices provided by an independent pricing service when such prices are believed by the Adviser to reflect the current market value of such securities, in accordance with guidelines adopted by the Board of Trustees of the Trust (the “Board”). The pricing service provider may employ methodologies that utilize actual market transactions, broker-dealer supplied valuations, or other techniques. Such techniques generally consider factors such as composite security prices, yields, maturities, call features, credit ratings and developments relating to specific securities, in arriving at valuations. If accurate market quotations are not available, securities are valued at fair values in accordance with guidelines adopted by the Board. Short-term investments, that is, those with maturities of 60 days or less, are valued at amortized cost, which approximates fair market value. Repurchase agreements are valued at cost. Investments in money market funds and other mutual funds are valued at the underlying fund’s net asset value (“NAV”) at the date of valuation. Foreign equity securities are valued at the last sales price on the primary exchange where the security is traded. Under the fair valuation procedures adopted by the Board, the Funds may utilize the services of an independent pricing service to determine fair value prices for foreign equity securities held by Barings International Fund, Guardian Capital Global Dividend Fund, LMCG Emerging Markets Fund, Pictet International Fund and TAMRO International Small Cap Fund, if certain market events occur.

Certain Funds invest in securities of other investment companies, including open-end funds, closed-end funds and exchange-traded funds (“ETFs”). Open-end funds are investment companies that issue new shares continuously and redeem shares daily. Closed-end funds are investment companies that typically issue a fixed number of shares that trade on a securities exchange or over-the-counter. An ETF is an investment company. Typically, an ETF seeks to track the performance of an index by holding in its portfolio shares of all the companies, or a representative sample of the companies, that are components of a particular index; however, some ETFs are actively managed. ETFs are traded on securities exchanges based on their market values. The risks of investment in other investment companies typically reflect the risks of the types of securities in which investment companies invest. Investments in ETFs and closed-end funds are subject to the additional risk that shares of the fund may trade at a premium or discount to their NAV per share. When a Fund invests in another investment company, shareholders of the Fund bear their proportionate shares of the other investment company’s fees and expenses, including operating, registration, trustee, licensing and marketing, as well as their shares of the Fund’s fees and expenses.

Fair Value Measurements - The inputs and valuation techniques used to measure fair value of the Funds’ net assets are summarized into three levels as described in the hierarchy below:

·	Level 1 –	unadjusted quoted prices in active markets for identical assets or liabilities
·	Level 2 –	other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
·	Level 3 –	significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments)

62

Aston Funds
	July 31, 2015
Notes to Schedule of Investments (unaudited) – continued

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Transfers in and out of the levels are recognized at the market value at the end of the period. The summary of each Fund’s investments that are measured at fair value by Level within the fair value hierarchy as of July 31, 2015 is as follows:

Funds	Total Value at 07/31/15		Level 1 Significant Observable Inputs		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
Cornerstone Large Cap Value Fund
Assets
Investments in Securities*	$	141,676,033	$	141,676,033	$	—	$	—
Fairpointe Focused Equity Fund
Assets
Investments in Securities*	$	6,363,053	$	6,363,053	$	—	$	—
Herndon Large Cap Value Fund
Assets
Investments in Securities*	$	126,713,444	$	126,713,444	$	—	$	—
M&C Growth Fund
Assets
Investments in Securities*	$	2,381,352,934	$	2,381,352,934	$	—	$	—
TAMRO Diversified Equity Fund
Assets
Investments in Securities*	$	41,720,821	$	41,720,821	$	—	$	—
River Road Dividend All Cap Value Fund
Assets
Investments in Securities*	$	901,147,776	$	901,147,776	$	—	$	—
River Road Dividend All Cap Value Fund II
Assets
Investments in Securities*	$	136,627,718	$	136,627,718	$	—	$	—
Fairpointe Mid Cap Fund
Assets
Investments in Securities*	$	5,098,301,320	$	5,098,301,320	$	—	$	—
M&C Mid Cap Growth Fund
Assets
Investments in Securities*	$	11,673,421	$	11,673,421	$	—	$	—
LMCG Small Cap Growth Fund
Assets
Investment in Securities*	$	204,880,802	$	204,880,802	$	—	$	—
River Road Independent Value Fund
Assets
Investments in Securities*	$	398,432,624	$	398,432,624	$	—	$	—
River Road Select Value Fund
Assets
Investments in Securities*	$	124,023,768	$	124,023,768	$	—	$	—
River Road Small Cap Value Fund
Assets
Common Stocks
Consumer Discretionary	$	55,371,194	$	55,371,194	$	—	$	—
Consumer Staples		7,550,372		7,550,372		—		—
Energy		8,808,878		5,653,529		3,155,349		—
Financials		42,485,809		42,485,809		—		—
Healthcare		11,776,027		11,776,027		—		—
Industrials		50,727,714		50,727,714		—		—
Information Technology		56,749,269		48,337,354		8,411,915		—
Telecommunication Services		10,976,287		10,976,287		—		—
Total Common Stocks		244,445,550		232,878,286		11,567,264		—
Investment Company		29,592,508		29,592,508		—		—
Total	$	274,038,058	$	262,470,794	$	11,567,264	$	—

63

Aston Funds
	July 31, 2015
Notes to Schedule of Investments (unaudited) – continued

Funds	Total Value at 07/31/15			Level 1 Significant Observable Inputs			Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
Silvercrest Small Cap Fund
Assets
Investments in Securities*	$	117,264,991		$	117,264,991		$	—	$	—
TAMRO Small Cap Fund
Assets
Investments in Securities*	$	661,940,197		$	661,940,197		$	—	$	—
DoubleLine Core Plus Fixed Income Fund
Assets
Corporate Notes and Bonds	$	129,726,419		$	—		$	129,726,419	$	—
Collateralized Mortgage and Asset-Backed Securities		68,798,646			—			68,798,646		—
U.S. Government and Agency Obligations		122,123,050			—			122,123,050		—
Other Mortgage and Asset-Backed Securities		26,940,728			—			26,940,728		—
Municipal Bonds		13,559,821			—			13,559,821		—
Foreign Government Bonds		2,921,175			—			2,921,175		—
Investment Companies*		25,208,662			25,208,662			—		—
Total	$	389,278,501		$	25,208,662		$	364,069,839	$	—
TCH Fixed Income Fund
Assets
Corporate Notes and Bonds	$	24,416,544		$	—		$	24,416,544	$	—
U.S. Government and Agency Obligations		23,632,560			—			23,632,560		—
Commercial Mortgage-Backed Security		294,159			—			294,159		—
Foreign Government Bond		483,125			—			483,125		—
Investment Company*		2,959,647			2,959,647			—		—
Total	$	51,786,035		$	2,959,647		$	48,826,388	$	—
Anchor Capital Enhanced Equity Fund
Assets
Common Stocks*	$	185,919,370		$	185,919,370		$	—	$	—
Purchased Options		1,674,350			1,674,350			—		—
Investment Company*		5,703,572			5,703,572			—		—
Total Assets		193,297,292			193,297,292			—		—
Liabilities
Written Options		(4,475,983	)		(4,475,983	)		—		—
Total Liabilities		(4,475,983	)		(4,475,983	)		—		—
Total	$	188,821,309		$	188,821,309		$	—	$	—
Lake Partners LASSO Alternative Fund
Assets
Investments in Securities*	$	269,399,664		$	269,399,664		$	—	$	—
River Road Long-Short Fund
Assets
Investments in Securities*	$	124,929,291		$	124,929,291		$	—	$	—
Total Assets		124,929,291			124,929,291			—		—
Liabilities
Common Stocks Sold Short*		(35,063,982	)		(35,063,982	)		—		—
Exchange Traded Fund Sold Short		(832,434	)		(832,434	)		—		—
Total Liabilities		(35,896,416	)		(35,896,416	)		—		—
Total	$	89,032,875		$	89,032,875		$	—	$	—
Barings International Fund
Assets
Investments in Securities*	$	21,445,329		$	21,445,329		$	—	$	—
Guardian Capital Global Dividend Fund
Assets
Investments in Securities*	$	4,444,638		$	4,444,638		$	—	$	—

64

Aston Funds
	July 31, 2015
Notes to Schedule of Investments (unaudited) – continued

Funds	Total Value at 07/31/15		Level 1 Significant Observable Inputs		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
LMCG Emerging Markets Fund
Assets
Common Stocks
Brazil	$	207,415	$	207,415	$	—	$	—
Cayman Islands		13,516		13,516		—		—
China		359,993		341,905		18,088		—
Czech Republic		11,859		11,859		—		—
Egypt		18,513		18,513		—		—
Hong Kong		77,585		77,585		—		—
India		74,335		74,335		—		—
Indonesia		50,749		50,749		—		—
Malaysia		14,772		14,772		—		—
Mexico		130,880		130,880		—		—
Philippines		16,069		16,069		—		—
Poland		33,147		33,147		—		—
Russia		59,000		59,000		—		—
South Africa		132,049		132,049		—		—
South Korea		336,736		336,736		—		—
Taiwan		342,923		342,923		—		—
Thailand		24,982		24,982		—		—
Turkey		85,000		85,000		—		—
United States		—		—		—		—
Total Common Stocks		1,989,523		1,971,435		18,088		—
Exchange Traded Funds		111,807		111,807		—		—
Investment Company*		67,460		67,460		—		—
Total	$	2,168,790	$	2,150,702	$	18,088	$	—
Pictet International Fund
Assets
Common Stocks
Australia	$	1,495,354	$	1,495,354	$	—	$	—
Austria		407,309		407,309		—		—
Belgium		779,049		779,049		—		—
Bermuda		505,920		505,920		—		—
Cayman Islands		1,656,252		1,656,252		—		—
Denmark		1,314,582		1,314,582		—		—
Finland		1,083,561		1,083,561		—		—
France		2,939,886		2,939,886		—		—
Germany		691,899		691,899		—		—
Hong Kong		607,293		607,293		—		—
Italy		2,129,472		2,129,472		—		—
Japan		6,453,255		6,453,255		—		—
Luxembourg		408,000		408,000		—		—
Malaysia		156,649		156,649		—		—
Netherlands		1,154,625		1,154,625		—		—
New Zealand		312,767		312,767		—		—
Papua New Guinea		192,512		192,512		—		—
Philippines		167,838		167,838		—		—
Portugal		372,292		372,292		—		—
Russia		404,270		404,270		—		—
South Korea		926,107		926,107		—		—
Spain		1,840,266		1,634,711		—		205,555
Sweden		794,180		794,180		—		—
Switzerland		2,679,054		2,679,054		—		—
United Kingdom		6,599,082		6,599,082		—		—
Total Common Stocks		36,071,474		35,865,919		—		205,555
Preferred Stock		464,102		464,102		—		—
Investment Company*		296,947		296,947		—		—
Total	$	36,832,523	$	36,626,968	$	—	$	205,555
TAMRO International Small Cap
Assets
Investments in Securities*	$	1,921,359	$	1,921,359	$	—	$	—
Harrison Street Real Estate Fund
Assets
Investments in Securities*	$	11,633,317	$	11,633,317	$	—	$	—

65

Aston Funds
	July 31, 2015
Notes to Schedule of Investments (unaudited) – continued

Funds	Total Value at 07/31/15		Level 1 Significant Observable Inputs		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs
Montag & Caldwell Balanced Fund
Assets
Common Stocks*	$	14,365,591	$	14,365,591	$	—	$	—
Corporate Notes and Bonds		5,833,560		—		5,833,560		—
U.S. Government and Agency Obligations		3,471,715		—		3,471,715		—
Investment Company*		1,699,704		1,699,704		—		—
Total	$	25,370,570	$	16,065,295	$	9,305,275	$	—

* All Common Stocks and Investment Companies are Level 1. Please refer to the Schedule of Investments for industry, sector or country breakout.

At the end of each fiscal quarter, management evaluates the Level 2 and 3 assets and liabilities for changes in liquidity, including but not limited to: whether a broker is willing to execute at a quoted price, the depth and consistency of prices from third party services, and the existence of contemporaneous, observable trades in the market. Additionally, management evaluates the Level 1 and 2 assets and liabilities on a quarterly basis for changes in listings or delistings on national exchanges. Due to the inherent uncertainty of determining the fair values of investments that do not have readily available market values, the fair values of the Funds’ investments may fluctuate from period to period. Additionally, the fair values of investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values the Funds may ultimately realize upon the disposition of such investments. Further, such investments may be subject to legal and other restrictions on resale or they may be otherwise less liquid than publicly-traded securities.

Barings International Fund, Guardian Capital Global Dividend Fund, LMCG Emerging Markets Fund, Pictet International Fund, and TAMRO International Small Cap Fund may utilize an external pricing service to fair value certain foreign securities if certain market events occur. Such fair valuations are categorized as Level 2 in the hierarchy. Because such market events were not deemed to have occurred at July 31, 2015, Barings International Fund, Guardian Capital Global Dividend Fund, LMCG Emerging Markets Fund, Pictet International Fund, and TAMRO International Small Cap Fund did not utilize the external pricing service adjustments.

Certain securities that were held at July 31, 2015 and since the beginning of the fiscal year in River Road Dividend All Cap Value Fund, River Road Small Cap Value Fund, Barings International Fund, Guardian Capital Global Dividend Fund, LMCG Emerging Markets Fund and Pictet International Fund had changes in liquidity assessments which resulted in a transfer between levels.

Funds	Transfer from Level 2 to Level 1
River Road Dividend All Cap Value Fund	$	5,418,114
River Road Small Cap Value Fund		6,684,420
Barings International Fund		14,161,953
Guardian Capital Global Dividend Fund		1,122,930
LMCG Emerging Markets Fund		955,784
Pictet International Fund		20,932,457

Level 3 holdings were valued using internal valuation techniques that took into consideration factors including previous experience with similar securities of the same issuer, conversion ratio, purchase price and security terms.

The following is a reconciliation of Level 3 holdings for which significant unobservable inputs and Advisor assumptions were used in determining fair value as of July 31, 2015:

DoubleLine Core Plus Fixed Income Fund	Total			Corporate Bonds			Asset- Backed
Fair Value, beginning of period	$	640,628		$	154,500		$	486,128
Purchases		1,482,900			732,900			750,000
Transfer out		(2,127,763	)		(893,350	)		(1,234,413	)
Change in unrealized appreciation (depreciation)		4,235			5,950			(1,715	)
Fair value, end of period	$	—		$	—		$	—

Pictet International Fund	Common Stocks
Fair Value, beginning of period	$	—
Purchases		166,478
Change in unrealized appreciation (depreciation)		39,077
Fair value, end of period	$	205,555
Change in net unrealized appreciation (depreciation) on Level 3 holdings held at end of period	$	39,077

(2) Repurchase Agreements: Each Fund may enter into repurchase agreements with financial institutions deemed to be creditworthy by the Fund’s Adviser or Subadviser, subject to the seller’s agreement to repurchase and the Fund’s agreement to sell such securities at a mutually agreed upon price. Securities purchased subject to repurchase agreements are deposited with the Fund’s custodian and, pursuant to the terms of the repurchase agreement, must have an aggregate market value greater than or equal to the repurchase price plus accrued interest at all times. If the value of the underlying securities falls below the value of the repurchase price plus accrued interest, the Fund will require the seller to deposit additional collateral by the next business day. If the request for additional collateral is not met, or the seller defaults on its repurchase obligation, the Fund has the right to sell the underlying securities at market value and may claim any resulting loss against the seller. As of and during the nine months ended July 31, 2015, the Funds did not hold any repurchase agreements.

66

Aston Funds
	July 31, 2015
Notes to Schedule of Investments (unaudited) – continued

(3) When Issued/Delayed Delivery Securities: Each Fund may purchase and sell securities on a “when issued” or “delayed delivery” basis, with settlement to occur at a later date. The value of any security so purchased is subject to market fluctuations during the applicable period. The Funds segregate assets having an aggregate value at least equal to the amount of when issued or delayed delivery purchase commitments until payment is made. During the nine months ended July 31, 2015, DoubleLine Core Plus Fixed Income Fund owned delayed delivery securities.

(4) Mortgage-Backed Securities: Montag & Caldwell Balanced Fund, DoubleLine Core Plus Fixed Income Fund and TCH Fixed Income Fund may invest in mortgage-backed securities (“MBS”). These securities represent interests in pools of mortgage loans and they provide shareholders with payments consisting of both principal and interest as the mortgages in the underlying mortgage pools are paid. The timely payment of principal and interest on MBS issued or guaranteed by Ginnie Mae (formerly known as the Government National Mortgage Association) is backed by Ginnie Mae and the full faith and credit of the U.S. government. MBS issued by U.S. government agencies or instrumentalities other than Ginnie Mae are not “full faith and credit” obligations. Certain obligations, such as those issued by the Federal Home Loan Banks, Fannie Mae (formerly known as the Federal National Mortgage Association) and Freddie Mac (formerly known as the Federal Home Loan Mortgage Corporation) are supported only by the credit of the issuer. MBS issued by private issuers are not government securities and are not directly guaranteed by any government agency. They are secured by the underlying collateral of the private issuer. Yields on privately issued MBS tend to be higher than those of government-backed issues. However, risk of loss due to default and sensitivity to interest rate fluctuations are also higher. Montag & Caldwell Balanced Fund, DoubleLine Core Plus Fixed Income Fund and TCH Fixed Income Fund may also invest in collateralized mortgage obligations (“CMOs”), collateralized loan obligations (“CLOs”) and real estate mortgage investment conduits (“REMICs”). A CMO and/or REMIC is a bond that is collateralized by a pool of MBS. A CLO is a bond that is collateralized by a financial institution’s receivables from loans. These MBS pools are divided into classes with each class having its own characteristics. The different classes are retired in sequence as the underlying mortgages are repaid.

(5) Securities Sold Short: River Road Long-Short Fund utilizes short sales as part of its overall portfolio management strategy. A short sale involves the sale of a security that is borrowed from a broker or other institution. A gain, limited to the price at which the Fund sold the security short, or a loss, unlimited in size, will be recognized upon closing a short sale. Short sales expose the Fund to the risk that it will be required to acquire, convert or exchange securities to replace the borrowed securities at a time when the securities sold short have appreciated in value, thus resulting in a loss to the Fund. The Fund making a short sale must segregate liquid assets, or otherwise cover its position in a permissible manner. The Subadviser determines the liquidity of assets, in accordance with procedures established by the Board.

(6) Options Contracts: In the normal course of pursuing its investment objectives, certain Funds are subject to price volatility risk. Certain Funds may write and/or purchase call and put options on securities for hedging purposes, to seek capital appreciation, to mitigate risk and/or to increase exposure. Writing put options or purchasing call options tends to increase a Fund’s exposure to the underlying instrument. Writing call options or purchasing put options tends to decrease a Fund’s exposure to the underlying instrument. When a Fund writes or purchases a call or put option, an amount equal to the premium received or paid by the Fund is included in a Fund’s Statement of Assets and Liabilities as a liability or an investment and subsequently adjusted to the current market value based on the quoted daily settlement price of the option written or purchased. Premiums received or paid from writing or purchasing options that expire unexercised are treated by the Fund on the expiration date as realized gains or losses. The difference between the premium and the amount paid or received on a closing purchase or sale transaction, including brokerage commissions, is also treated as a realized gain or loss. If an option is exercised, the premium paid or received is added to the cost of the purchase or proceeds from the sale in determining whether the Fund has realized a gain or loss on investment transactions. If the Fund writes a covered call option, the Fund forgoes, in exchange for the premium, the opportunity to profit during the option period from an increase in the market value of the underlying security above the exercise price. If the Fund writes a put option, it accepts the risk of a decline in the market value of the underlying security below the exercise price. There is the risk a Fund may not be able to enter into a closing transaction because of an illiquid market. The risk associated with purchasing put and call options is limited to the premium paid. Options were traded during the period in Anchor Capital Enhanced Equity Fund. See the Schedule of Investments for open options contracts held by Anchor Capital Enhanced Equity Fund at July 31, 2015. As of and during the nine months ended July 31, 2015, the average* volume of derivative activities were as follows:

Funds	Purchased Options (Premiums Paid)		Written Options (Premiums Received)
Anchor Capital Enhanced Equity Fund	$	2,197,911	$	5,384,308

* based on quarterly holdings

(7) Forward Foreign Currency Contracts: In the normal course of pursuing their investment objectives, certain Funds are subject to foreign investment and currency risk. Certain Funds may enter into forward foreign currency contracts (“forward contracts”) for purposes of hedging, duration management, as a substitute for securities, to increase returns, for currency hedging or risk management, or to otherwise help achieve a Fund’s investment goal. These contracts are marked-to-market daily at the applicable exchange rates. A Fund records realized gains or losses at the time the forward contract is closed. A forward contract is extinguished through a closing transaction or upon delivery of the currency or entering an offsetting contract. Risks may arise upon entering these contracts from the potential inability of a counterparty to meet the terms of its contracts and from unanticipated movements in the value of a foreign currency relative to the U.S. dollar or other

67

Aston Funds
	July 31, 2015
Notes to Schedule of Investments (unaudited) – continued

currencies. During the nine months ended July 31, 2015, the Funds did not enter into any forward foreign currency contracts.

(8) Disclosures about Derivative Instruments: The following is a table summarizing the fair value of derivatives held at July 31, 2015, by primary risk exposure:

	Asset Derivative Investments Value		Liability Derivative Investments Value
Fund	Equity Contracts		Equity Contracts
Anchor Capital Enhanced Equity Fund	$	1,674,350	$	4,475,983

68

Item 2. Controls and Procedures.

(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Aston Funds

By (Signature and Title)*	/s/ Stuart D. Bilton
	Stuart D. Bilton, Chief Executive Officer and President
	(principal executive officer)

Date   9/25/15

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*	/s/ Stuart D. Bilton
	Stuart D. Bilton, Chief Executive Officer and President
	(principal executive officer)

Date   9/25/15

By (Signature and Title)*	/s/ Laura M. Curylo
	Laura M. Curylo, Treasurer and Chief Financial Officer
	(principal financial officer)

Date   9/25/15

* Print the name and title of each signing officer under his or her signature.