Aston Asset Management, a Chicago fund firm that's about to become part of the Affiliated Managers Group umbrella, has expanded its mutual fund menu. The firm on Wednesday unveiled a new fund sub-advised by Herndon Capital Management.

Class N shares of the Aston/Herndon Large Cap Value Fund carry an expense ratio of 130 basis points.

PNC Global Investment Servicing serves as sub-administrator, transfer agent and dividend paying agent. PFPC Distributors is the underwriter and PFPC Trust Company serves as custodian. Vedder Price, P.C. is the counsel to the trust, Mayer, Brown is the counsel to independent trustees and Ernst & Young serves as the independent registered public accounting firm. 

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