ALPS Launches ‘ALPS | Westport Resources Hedged High Income Fund’

ALPS, a DST Company focused on asset servicing and asset gathering, announced the launch of the ALPS | Westport Resources Hedged High Income Fund, an open-end mutual fund designed to protect principal while producing high current income.

ALPS has joined with Westport Resources on the new offering, whose Portfolio Managers include Trust Advisory Partners, one of the first advisory firms to construct and manage multi-manager alternative asset portfolios.

The ALPS | Westport Resources Hedged High Income Fund's primary objective is to provide high current income, with a secondary goal of capital preservation with the potential for appreciation.

According to the company, the Fund's hedged high income approach will encompass three sub-strategies:

-A Senior Loan Floating Rate Strategy that will concentrate on liquid investment opportunities in senior-secured and second-lien loans and bonds.

-A Short Duration High Yield Strategy that will seek to generate uncorrelated returns through stable income and reduced volatility. The portfolio managers seek to identify short-maturity high yield bonds in smaller, less followed companies.

-A Relative Value Long/Short Debt Strategy seeks to take advantage of perceived discrepancies in the market prices of certain fixed income securities, as well as certain convertible bond, common stock, and derivative securities.

"The ALPS | Westport Resources Hedged High Income Fund includes a number of ways to manage fixed income securities in a low interest rate environment," says Tom Carter, President of ALPS Advisors. "More than that, investors will have the potential benefit of a proven portfolio manager at the helm to execute on the fund's strategies."

Westport's Trust Advisory Partners has a history of helping investors achieve greater diversification and effective risk management by investing in hedge fund strategies. The firm designs funds for investors seeking options for high current income and long term principal protection.

"By employing complementary strategies and styles, we believe we've built a solution that can generate good income that's hedged to manage risk," says Michael Portnoy, Portfolio Manager, Westport Resources Management.

The ALPS | Westport Resources Hedged High Income Fund will be available in three classes--A Shares (INCAX), C Shares (INCCX), and I Shares (INCIX).

ALPS provides customized asset servicing and asset gathering solutions to the financial services community.

Westport Resources is an independent investment and financial planning firm.

More Information:

http://www.alpsfunds.com

http://www.westportresources.com

((Comments on this story may be sent to [email protected]))