Overview Portfolio Strategy / Process Performance Team Fees investment strategy / process The Allegiant Balanced Allocation Fund seeks long-term capital appreciation and current income.  Using a top-down approach to asset allocation, the Fund’s managers use proprietary models to determine broad market and sector allocations, while drawing on the team’s expertise to find the best investment opportunities in each marketplace.  The fund intends to invest 45% to 75% of its net assets in equity securities, 20% to 55% in investment grade fixed income securities and up to 30% in cash, cash equivalent securities and short-term money market instruments.  The Fund may also invest up to 25% of its total assets at the time of purchase in foreign securities and may also invest in the common stock of small cap companies in foreign securities and may also invest in the common stock of small cap companies. Investment Risks Asset allocation cannot guarantee a profit or prevent a loss. An investment in the Fund is subject to interest rate risk, which is the possibility that a Fund's yield will decline due to falling interest rates and the potential for bond prices to fall as interest rates rise. International investments are subject to special risks not ordinarily associated with domestic investments, including currency fluctuations, economic and political change and differing accounting standards that may adversely affect portfolio securities. Investments in small and mid capitalization companies present a greater risk of loss than investments in large companies. These risks may be heightened in emerging markets. *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 60.16 BOND 33.59 CASH EQUIVALENTS & OTHER 6.30 Asset Allocation weightings may not total 100% Sector Weightings (%)* Federal National Mortgage Association 17.85 Other 14.37 Financials 10.55 Registered Investment Company 9.05 Information Technology 8.87 Energy 7.51 Health Care 7.51 Consumer Staples 7.38 Cash & Cash Equivlents 5.27 Industrials 4.87 Consumer Discretionary 4.42 Materials 2.35 Andy Harding on Bloomberg TV - Thurs., Nov. 20th 11/20/2008 6:40 AM EST Portfolio Management Andrew D. Harding Chief Investment Officer, Fixed Income Gordon A. Johnson Managing Director, Small Cap Core Brian L. Stine, CFA Portfolio Manager, Fixed Income Downloads Fund Factsheet 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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