Overview Portfolio Strategy / Process Performance Team Fees portfolio The Allegiant Mid Cap Value Fund is for investors who seek greater total return than that provided by a typical mid cap value fund and less volatility than that of a typical small-cap value fund. Top 10 Holdings (%)* as of 10/31/2008 view all holdings *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 96.81 CASH EQUIVALENTS & OTHER 3.19 Asset Allocation weightings may not total 100% Sector Weightings (%)* Financials 23.25 Utilities 13.09 Information Technology 11.23 Materials 11.03 Consumer Discretionary 9.31 Energy 8.19 Consumer Staples 7.74 Industrials 6.95 Healthcare 5.15 Cash & Cash Equivalents 3.04 Telecommunications 1.02 Andy Harding on Bloomberg TV - Thurs., Nov. 20th 11/20/2008 6:40 AM EST Portfolio Management Michael E. Santelli, CFA, CPA Managing Director, Mid Cap Value & Focused Equity Alex L. Vallecillo, CFA Senior Portfolio Manager, Mid Cap Value & Focused Equity Downloads Fund Factsheet Product Brochure Prospectus

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NOT FDIC INSURED  |  NO BANK GUARANTEE  |  MAY LOSE VALUE

You should consider the investment objectives, risks, charges and expenses of the Allegiant Funds carefully before investing. A prospectus may be downloaded and viewed with this and other information about the Funds or may be obtained by contacting an investment professional or by calling 1-800-622-FUND (3863). Please read it carefully before you invest or send money.

Allegiant Asset Management Company serves as investment adviser to Allegiant Funds for which it receives an investment advisory fee. Shares of Allegiant Funds are distributed by Professional Funds Distributor, LLC (PFD), 760 Moore Road, King of Prussia, PA 19406. PFD is not affiliated with Allegiant Asset Management Company and is not a bank. Allegiant is a registered trademark of National City Corporation®.

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