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PERFORMANCE
Prospectus
Holdings
Class A
Class I
Risk Factors

NAV as of 09/03/2010
CLASS A [AGLSX]
NAV $7.96
CLASS I [ALSIX]
NAV $8.00

Literature

Prospectus		Performance Bulletin
SAI		Regular Account Application
Annual Report		Quarterly Commentary
Fact Sheet

Investment Minimums The minimum investment in Class A shares is $500 for tax-deferred accounts and $2,500 for other accounts. Investors generally may meet the minimum investment amount by aggregating multiple accounts within the Fund. The minimum investment in Class I shares is $1,000,000. There is no subsequent investment minimum. The Fund reserves the right to waive or change minimum and additional investment amounts. For accounts sold through financial intermediaries, it is the primary responsibility of the financial intermediary to ensure compliance with investment minimums. One can not invest directly in an index.		Definitions The S&P 1500, or S&P 1500 Composite Index, is a stock market index of US stocks made by Standard & Poor's. It includes all stocks in the S&P 500, S&P 400, and S&P 600. Alpha: A measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund's alpha. Beta: A measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. Beta is used in the capital asset pricing model (CAPM), a model that calculates the expected return of an asset based on its beta and expected market returns. Standard Deviation: A measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. S&P 400: This Standard & Poor's Index measures the stock performance of mid-sized companies in the U.S. stock market. The index includes 400 companies spread across many industries. S&P 600: The S&P SmallCap 600 Index consists of 600 small-cap stocks. The Index invests in a basket of small-cap equities.

The Fund enters into a short sale by selling a security it has borrowed. If the market price of a security increases after the Fund borrows the security, the Fund will suffer a potentially unlimited loss when it replaces the borrowed security at the higher price. Short sales also involve transaction and other costs that will reduce potential Fund gains and increase potential Fund losses. Please refer to the prospectus for complete information regarding all risks associated with the fund.

The fund is less than a year old and has limited operating history. This fund is not suitable for all investors. Subject to investment risks, including possible loss of the principal amount invested.

Derivatives generally are more sensitive to changes in economic or market conditions than other types of investments; this could result in losses that significantly exceed the fund’s original investment.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information,call 866.759.5679 or visit www.alpsfunds.com. Read the prospectus carefully before investing.

The ALPS | GNI Long-Short Funds are distributed by ALPS Distributors, Inc.

ALPS | GNI Long-Short Funds are: Not FDIC Insured - No Bank Guarantee - May Lose Value

Literature

Investment Minimums

Definitions