FQ Global Alternatives Fund

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		Month Ending 10/31/2008 (%)							Quarter Ending 9/30/2008 (%)
Fund/Class		1 Year	3 Year	5 Year	10 Year	Life of Fund	Expense Ratio		1 Year	3 Year	5 Year	10 Year	Life of Fund
							Gross	Net
FQ Global Alternatives Fund
Class A	NAV	12.07	—	—	—	4.99	2.69	2.65	1.26	—	—	—	3.22
Class A	Load	5.58	—	—	—	2.61	2.69	2.65	-4.56	—	—	—	0.81
Class C	NAV	11.21	—	—	—	4.19	3.44	3.40	0.53	—	—	—	2.46
Class C	Load	10.21	—	—	—	4.19	3.44	3.40	-0.47	—	—	—	2.46
Citigroup 1 Month U.S. Treasury Bill Index
		1.97	—	—	—	—			2.22	—	—	—	—

Fund Inception Date	Class A	Class C
	3/30/2006	3/30/2006
Calendar Year Returns	Class A	Class C	Citigroup 1 Month U.S. Treasury Bill Index
2007	1.87%	1.12%	4.56%
2006	—	—	4.75%

Disclosure
Investors should carefully consider the fund's investment objectives, risks, charges, and expenses before investing. For this and other information, please call 800.835.3879 or download a free prospectus. Read it carefully before investing or sending money.

The performance shown represents past performance and is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. From time to time the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields on the Fund are net of expenses and the returns and yields on the indices exclude expenses. Current performance of the Fund may be lower or higher than the performance quoted.

Performance reflects Class A shares. Load performance: maximum sales charge on Class A shares is 5.75%. For information about other share classes available, please consult the prospectus. Performance of Fund classes will differ. Please see the prospectus for details. From time to time the Fund’s advisor has waived fees or reimbursed expenses, which may have resulted in higher returns.

The Fund share classes differ with regard to sales charges and Fund expenses. In choosing a Fund and class(es), investors should consider the amount they plan to invest, their investment objectives, the Fund’s investment objectives, risks, charges and expenses carefully before investing, and how long they intend to keep their money invested in the Fund and class(es).  Investors should discuss their goals and choices with a registered financial professional in order to determine which share class is appropriate for them.

Class C shares convert to an equal dollar value of Class A shares at the end of the tenth year after purchase.

Performance for periods longer than a year are annualized.

Performance marked "NAV" does not reflect the deduction of a sales load and that, if reflected, would reduce the performance reported.

The Fund is subject to the risks associated with investments in debt securities, such as default risk and fluctuations in the perception of the debtor's ability to pay its creditors.

The Fund may use derivative instruments for hedging purposes or as part of its investment strategy.  There is a risk that a derivative intended as a hedge may not perform as expected.  The main risk with derivatives is that some types can amplify a gain or loss, potentially earning or losing substantially more money than the actual cost of the derivative or that the counterparty may fail to honor its contract terms, causing a loss for the Fund.  Use of these instruments may also involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so.

Investments in foreign securities, even though publicly traded in the United States, may involve risks which are in addition to those inherent in domestic investments.

Annual net expense ratios as of the current prospectus dated 03/01/2008 adjusted for the reduction in custodial fees, which took effect on 07/01/2007. Effective 06/09/08, the Investment Manager has contractually agreed, through at least March 1, 2009, to limit Total Annual Fund Operating Expenses (exclusive of taxes, interest, brokerage commissions, acquired fund expenses, and extraordinary items) to the expense cap ratios listed of each class' average daily net assets.

Unlike the Fund, the Index is unmanaged, is not available for investment and does not incur expenses. Please see Index Definitions for all our funds' benchmarks.