portfolio

The Allegiant Total Return Advantage Fund is for investors who prefer not to tolerate the fluctuation of principal that accompanies stock investing, and are looking for alternative ways to build wealth. The Fund's management team strives to build wealth over the long term by investing in a diversified bond portfolio. As a result, the Fund should experience less fluctuation in principal than an equity alternative.

Top 10 Issuers (%)*

as of 11/30/2008

*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 0.21
BOND 93.98
CASH EQUIVALENTS & OTHER 5.86
Asset Allocation weightings may not total 100%
Sector Weightings (%)*
Federal National Mortgage Association 38.88
Corporate Bonds 33.09
Cash & Cash Equivalents 6.61
U.S. Treasury Bonds 5.34
U.S. Treasury Notes 4.36
Collateralized Mortgage Obligations 3.47
Asset-Backed Securites 3.35
Commercial Mortgage-Backed Securities 3.20
Federal Home Loan Mortgage Corp. 1.70
Portfolio Management
Andrew D. Harding
Chief Investment Officer, Fixed Income
Brian L. Stine, CFA
Portfolio Manager, Fixed Income
Cynthia D. Cole
Senior Portfolio Manager, Fixed Income
Timothy D. Compan Jr., CFA
Portfolio Manager, Corporate Bonds
Mark A. Lozina, CFA
Portfolio Manager, Short Duration