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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

Partnership

ALPS Advisors | Advisor

Founded in 1985, ALPS provides a comprehensive suite of asset servicing, asset management and asset gathering solutions to the investment management industry since 1985.

GNI Capital | Sub-Advisor

GNI Capital, Inc. is a long/short equity investment management firm that provides investment management services to institutional clients including mutual fund sponsors, trust companies, investment advisory firms, corporate retirement plans and family offices and a select group of high-net worth investors. GNI is an independently-operated, distinct investment management division of Centillion Partners, Inc., a financial services holding company.

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

An ALPS Advisors Solution

Partnership

ALPS Advisors | Advisor

GNI Capital | Sub-Advisor