portfolio

The Allegiant Large Cap Value Fund is for investors who seek to grow their principal and can tolerate some fluctuation in the value of their investments. This Fund invests in large companies, comparable to those in the Russell 1000 Value Index. The Fund's management team seeks companies with strong relative earnings prospects that are undervalued relative to the market and poised to outperform.

Top 10 Holdings (%)*

as of 10/31/2008

*Sector weightings and top ten holdings are subject to change, for illustrative purposes only and are not a permanent reflection of the fund.

Asset Allocation (%)
EQUITY 99.27
CASH EQUIVALENTS & OTHER 0.71
Asset Allocation weightings may not total 100%
Sector Weightings (%)*
Financials 21.27
Energy 18.08
Consumer Staples 12.63
Healthcare 11.11
Information Technology 9.67
Consumer Discretionary 6.20
Industrials 5.24
Materials 5.19
Telecommunications 4.87
Utilities 3.96
Cash & Cash Equivalents 1.78
Portfolio Management
D. Andrew Shipman, CFA
Portfolio Manager, Large Cap Value
Edward A. Johnson, CFA
Portfolio Manager, Large Cap Value