Arden Alternative Strategies

Arden Investment Series Trust is a family of registered open-end mutual funds advised by Arden Asset Management LLC, a firm that has specialized in allocating client capital to hedge funds since 1993.

Our mutual fund initiative, launched in 2012, builds on our expertise in creating and managing attractive multi-manager hedge fund portfolios. We seek to create investment programs that produce capital growth with relatively low sensitivity to movements in the equity and fixed-income markets. Our investment committee allocates fund assets to a group of hedge fund managers using our proprietary manager selection, portfolio construction, and monitoring/risk management practices. This multi-manager structure offers diversification, while our long-standing relationships with experienced hedge fund managers give us access to a wide variety of investment strategies.

Our first fund, Arden Alternative Strategies Fund (AASF), is currently available exclusively to account holders in Fidelity’s Portfolio Advisory Services and now has over $1 billion in assets. Arden is pleased that Morningstar* took the unusual step of initiating research on our flagship fund within 9 months of its launch.

On February 3, 2014, Arden launched a similar fund, Arden Alternative Strategies II, available in multiple share classes through registered investment professionals, retirement plans, certain broker-dealer programs, self-directed accounts and direct purchases, making our multi-manager portfolios available to all investors.

*Reference to Morningstar, or the fact that Morningstar initiated research on AASF, does not indicate or imply any characterization or assessment of AASF’s quality or performance.

Our Funds
Daily Prices as of July 21, 2014
Arden Alternative Strategies Fund Class I
ARDNX
Price: 10.48
Arden Alternative Strategies II Class I
IARDX
Price: 10.26
Meet the Investment Committee
The Funds are distributed by Arden Securities LLC. Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. To obtain a prospectus containing this and other important information, please call 866-773-7145 or click here to view or download a prospectus online. Read the prospectus carefully before you invest.

The Fund's investments are subject to a variety of risks which cause the Fund's net asset value to fluctuate. Therefore, the value of your investment in the Fund could decline and you could lose money. The actual risk exposure taken by the Fund in its investment program will vary over time, depending on various factors including, but not limited to, the Adviser's allocation decisions. Many of the Fund's strategies involve "speculative" investment programs. Thus, as an investor in the Fund, you could be subject to much greater risk of loss than an investor in other more traditional mutual funds. Also, there is no assurance that the Adviser or the Sub-Advisers will achieve the Fund's objective. As an investor in the Fund, your investment is subject to various risks - please review the prospectus for details of risks to which the fund is subject. Shares of the Fund may fall in value and there is a risk that you could lose money by investing in the Fund.

Neither diversification nor asset allocation ensures a profit or guarantees against loss.