ALPHAONE U.S. EQUITY LONG SHORT FUND

Strategy & Objective

The Fund seeks to generate long-term capital appreciation by investing in a portfolio of securities that generate positive, absolute returns with low correlation and low volatility compared to the broad equity market.


Share ClassTickerCUSIPInception
I shares (Institutional)AORCX00769G8243/31/2011
Investor sharesAORAX00769G8323/31/2011
R sharesAORRX00769G8163/31/2011
Recent Prices* (AORAX)PriceChange ($)Change (%)
04/09/2013$8.43$0.030.36%
04/10/2013$8.40-$0.03-0.36%
04/11/2013$8.41$0.010.12%
04/12/2013$8.41$0.000.00%
04/15/2013$8.41$0.000.00%

Prices and performance for other share classes may vary.

* Daily share class NAV history and total net assets as of last close. ** Subject to change and as of 12/31/12.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and 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 and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 855.4.ALPHAONE (1.855.425.7426).

Expense ratios are as follows: I shares 40.92% (gross), 3.75% (net), Investor shares 40.67% (gross), 4.01% (net), R shares 41.55% (gross), 4.25% (net). The Fourth Quarter Average Expense Ratios are 5.39% for the Investor shares, 6.10% for the R shares, and 5.50% for the I shares. The quarterly average expenses ratio reflects the average of the actual daily expenses incurred for this share class over a three-month period and does not reflect waiver in effect. Actual expenses incurred over a different of longer time period may vary. Inception date for all classes is 3/31/11. Contractual fee waivers are in effect until 3/1/2012. In the absence of such waivers, total return would be reduced.

To determine if this Fund is an appropriate investment for you, carefully consider the Funds investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Funds prospectus, which may be obtained by calling 855.4.ALPHAONE (1.855.425.7426). There is a 2% redemption fee on shares held less than 90 days. Read the prospectus carefully before investing or sending money.

Mutual fund investing involves risk including possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. With short sales, you risk paying more for a security than you received from its sale. There can be no assurance that the Fund will achieve its stated objectives. The Fund may invest in derivatives, which are more volatile than other investments and may magnify the Fund's gain or losses.

AlphaOne Funds are distributed by SEI Investments Distribution Co., which is not affiliated with AlphaOne Investment Services, LLC or any of its affiliates.

AlphaOne mutual funds are available to U.S. investors only.

The S&P 500 Index includes 500 companies capturing 75% coverage of U.S. equities.

Strategy Details
Total Net Assets* 88.7M
Benchmark S&P 500
Long Exposure** 80.57%
Short Exposure** -16.84%
Number of Holdings** 44
Investment Team
Karl Richter Sr Portfolio Mgr
Michael Gleason Portfolio Mgr
Stewart Stecker Research Analyst
Rahul Shah Research Analyst
Robert Spandau Research Analyst
Top 5 Holdings**
Kinder Morgan Energy Partners8.49%
Bank of America Corp5.29%
ON Semiconductor Corp4.69%
Cisco Systems Inc4.16%
Cabot Oil & Gas Corp4.15%

Returns**1m3m6mYTD1yr3yrSince Inception
I shares 2.28%0.71%-4.26%0.71%-9.63%-6.18%
Investor shares 2.28%0.83%-4.27%0.83%-9.76%-6.34%
R shares 2.18%0.60%-4.52%0.60%-10.11%-6.67%
S&P 5003.75%10.61%10.19%10.61%13.96%11.20%

Prices and performance for other share classes may vary.

* Daily share class NAV history and total net assets as of last close. ** As of 12/31/12.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and 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 and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 855.4.ALPHAONE (1.855.425.7426).

Expense ratios are as follows: I shares 40.92% (gross), 3.75% (net), Investor shares 40.67% (gross), 4.01% (net), R shares 41.55% (gross), 4.25% (net). The Fourth Quarter Average Expense Ratios are 5.39% for the Investor shares, 6.10% for the R shares, and 5.50% for the I shares. The quarterly average expenses ratio reflects the average of the actual daily expenses incurred for this share class over a three-month period and does not reflect waiver in effect. Actual expenses incurred over a different of longer time period may vary. Inception date for all classes is 3/31/11. Contractual fee waivers are in effect until 3/1/2012. In the absence of such waivers, total return would be reduced.

To determine if this Fund is an appropriate investment for you, carefully consider the Funds investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Funds prospectus, which may be obtained by calling 855.4.ALPHAONE (1.855.425.7426). There is a 2% redemption fee on shares held less than 90 days. Read the prospectus carefully before investing or sending money.

Mutual fund investing involves risk including possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. With short sales, you risk paying more for a security than you received from its sale. There can be no assurance that the Fund will achieve its stated objectives. The Fund may invest in derivatives, which are more volatile than other investments and may magnify the Fund's gain or losses.

AlphaOne Funds are distributed by SEI Investments Distribution Co., which is not affiliated with AlphaOne Investment Services, LLC or any of its affiliates.

AlphaOne mutual funds are available to U.S. investors only.

The S&P 500 Index includes 500 companies capturing 75% coverage of U.S. equities.

DateNAV*Net ChangePercent Change

Sector Exposure*




Market Cap Exposure*




Net Country Exposure*




* Portfolio data is subject to change and is as of 12/31/12.

To determine if this Fund is an appropriate investment for you, carefully consider the Funds investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Funds prospectus, which may be obtained by calling 855.4.ALPHAONE (1.855.425.7426). Read the prospectus carefully before investing or sending money. There is a 2% redemption fee on shares held less than 90 days.

Mutual fund investing involves risk including possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. With short sales, you risk paying more for a security than you recieved from its sale. There can be no assurance that the Fund will achieve its stated objectives.

AlphaOne Funds are distributed by SEI Investments Distribution Co., which is not affiliated with AlphaOne Investment Services, LLC or any of its affiliates.

AlphaOne mutual funds are available to U.S. investors only.

The S&P 500 Index includes 500 companies capturing 75% coverage of U.S. equities.

Asset Allocation*
Top 10 Holdings*
Kinder Morgan Energy Partners8.49%
Bank of America Corp5.29%
ON Semiconductor Corp4.69%
Cisco Systems Inc4.16%
Cabot Oil & Gas Corp4.15%
Cognizant Technology Solutions Corp3.90%
Eaton Corp3.40%
Two Harbors Investment Corp3.39%
Eli Lilly & Co3.16%
Abbott Laboratories3.15%

U.S. Equity Long Short Fund


    To determine if this Fund is an appropriate investment for you, carefully consider the Funds investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Funds prospectus, which may be obtained by calling 855.4.ALPHAONE (1.855.425.7426). Read the prospectus carefully before investing or sending money.

    Mutual fund investing involves risk including possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. With short sales, you risk paying more for a security than you recieved from its sale. There can be no assurance that the Fund will achieve its stated objectives.

    AlphaOne Funds are distributed by SEI Investments Distribution Co., which is not affiliated with AlphaOne Investment Services, LLC or any of its affiliates.

    AlphaOne mutual funds are available to U.S. investors only.

    The S&P 500 Index includes 500 companies capturing 75% coverage of U.S. equities.