Key Features of AIP Funds:

• Goal of generating more consistent positive returns in both rising and falling markets
• Designed to reduce overall portfolio risk and volatility while maintaining strong positive return characteristics
• Offer a broad variety of hedged investment strategies, each designed to be non-correlated with one another, seeking an optimal portfolio blend and strong risk-adjusted returns
• Do not invest directly in un-regulated hedge funds, which can be illiquid
• Offer access to highly specialized hedge fund managers trading in their area of expertise and competitive advantage, not typically available in traditional mutual funds
• May provide an ideal long-term investment solution for investors who do not wish to time entry, exit or re-balance in changing markets
• Designed to be a preferred investment vehicle for pension funds, endowments, private bank and trust clients and affluent families

The Funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by clicking here. A hardcopy is available by calling 1-877-Low-Beta (569-2382). Read it carefully before investing.

Mutual fund investing involves risk; loss of principal is possible. Please consult an investment professional for advice regarding your particular circumstances. An investment in the Funds is not suitable for all investors.

Click Here for important Fund disclosure.