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Representing Jefferies' first open-end mutual fund product, the Jefferies Asset Management Commodity Strategy Allocation Fund is a series of the Financial Investors Trust advised by ALPS Advisors Inc., and Jefferies Asset Management, LLC ("JAM") acts as the sub-advisor to the Fund. The Fund's investment objective is to seek maximum real return consistent with prudent investment management. The Fund seeks to optimize the allocation among investments that track changes in the commodity futures markets, investments in commodity equities, and TIPS. This combination seeks to provide comprehensive access to the global commodity markets and offers three layers of inflation hedging potential from commodities, commodity related equities and TIPS.
"The Fund is designed to provide comprehensive exposure to global commodity markets," said Adam De Chiara, Co-President of JAM. "Just as many investors have sought to diversify their portfolios by including exposure to commodities, a diversified approach to commodity exposure itself may provide a better long-term solution for investors."
The Fund is managed by Robert B. Hyman, Senior Vice President and Portfolio Manager for JAM. Mr. Hyman rejoined JAM in June 2010. From January 2004 to April 2006, Mr. Hyman was a portfolio manager for Jefferies Asset Management, LLC in its Real Asset Division, where he traded commodity futures, options, indices, foreign exchange, exchange traded funds, and commodity related equities. During his 30-plus years successfully trading commodities and commodity related products, Mr. Hyman has held a number of trading and risk control positions, including proprietary trading positions at Lehman Brothers, Amerada Hess Crude & Gas Co., and Drexel Burnham Lambert.
Jefferies Asset Management, LLC, a wholly owned subsidiary of Jefferies Group, Inc., provides institutional and now individual investors with a diversified suite of high quality asset management products. With almost 50 years of combined industry experience, JAM's executive team, comprised of Co-Presidents Adam De Chiara and Bradford Klein, has extensive experience in building, managing, and innovating investments in commodities. Over the past two decades, their clients have included some of the largest institutions globally with respect to investing in commodities. Among their notable accomplishments, JAM's executive team was responsible for the design of the Dow Jones - UBS Commodity Index and the current Thomson Reuters / Jefferies CRB Index, two of the most renowned commodity indices globally. As of March 31, 2010, assets under management at JAM, its affiliates, and third parties in which Jefferies has an interest totaled more than $4.1 billion.
Jefferies, a major global securities and investment banking firm, has served companies and their investors for more than 48 years. Jefferies & Company, Inc. is the principal US operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: jefferies.com), and Jefferies International Limited is the principal UK operating subsidiary. Jefferies International Limited, a UK-incorporated company, is authorised and regulated by the UK Financial Services Authority.
An investor should consider investment objectives, risks, charges and expenses carefully before investing, including "Additional Risks" as described in the prospectus. To obtain a prospectus, which contains this and other information, call 1.866.759.5679 or visit www.alpsfunds.com or www.jamfunds.com. Read the prospectus carefully before investing.
Investors should consider the following risk factors and special considerations associated with investing in the Jefferies Asset Management Commodity Strategy Allocation Fund, which may cause you to lose money. The Fund's investments may subject the Fund to significantly greater volatility than investments in traditional securities and involve substantial risks, including risk of a significant portion on their principal value. The commodities markets and the prices of various commodities may fluctuate widely based on a variety of factors. Because the Fund's performance is linked to the performance of highly volatile commodities, investors should consider purchasing shares of the Fund only as part of an overall diversified portfolio and should be willing to assume the risks of potentially significant fluctuations in the value of the Fund. The Fund is new and has a limited operating history. This Fund is not suitable for all investors. Equity investments in commodity-related companies may not move in the same direction and to the same extent as the underlying commodities. Another principal risk of investing in the Fund is equity risk, which is the risk that the value of the securities held by the Fund will fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate or factors relating to specific companies in which the Fund invest. The Fund's investments in non-U.S. issuers may be even more volatile and may present more risks than investments in U.S. issuers.
The Jefferies Asset Management Commodity Strategy Allocation Fund is: Not FDIC Insured; No Bank Guarantee; May Lose Value.
The Jefferies Asset Management Commodity Strategy Allocation Fund is distributed by ALPS Distributors, Inc., 1290 Broadway, Ste. 1100, Denver, CO 80203. ALPS Advisors, Inc. is the investment adviser to the Fund and Jefferies Asset Management, LLC is the investment sub-adviser. ALPS is not affiliated with Jefferies Asset Management. Jefferies Asset Management, LLC serves as investment adviser to the Fund's Cayman Islands subsidiary.
ALPS is not affiliated with CJP Communications.
For further information, please contact:
Tom Tarrant, Jefferies & Company, Inc., 203 708 5989, ttarrant@jefferies.com
Desiree Maghoo, Jefferies International Limited, 44 20 7029 8085, dmaghoo@jefferies.com
Josh Passman, CJP Communications, 212 279 3115, x203, jpassman@cjpcom.com
Control Number: JEF000227 Expiration 12/31/10
