ACP Strategic Opportunities

Fund Class A

Fund Investment Objectives

The Fund's investment objective is to seek to produce consistent returns with low volatility and limited draw-downs in all market conditions. The portfolio will be actively managed and will be focused on a small number of key economic themes implemented via the fixed income and currency markets and seeks to achieve a net of fees return in the range of 12% to 15% with low volatility. The portfolio focuses on 3 key areas: Core - single issues with high yields and strong fundamentals; Strategic - focused on macro themes either globally or at a local level implemented via bonds and FX forwards; Tactical - short-term market momentum trades implemented using bonds/futures and FX forwards. Actual inception date is January 15, 2008. AUM reflects the aggregate of the various share classes and is denominated in USD.