portfolio

Allegiant Treasury Money Market Fund is for investors who need stability of principal and ready liquidity. Investors may choose to invest in the Treasury Money Market Fund when they have short-term financial goals, or are undecided about how to invest their savings for the longer-term.

Effective December 1, 2008, Allegiant Funds discontinued the sale of the Treasury Money Market Fund to new investors.

Top 10 Issuers (%)*

as of 12/31/2008

*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 (%)
BOND 13.55
CASH EQUIVALENTS & OTHER 86.47
Asset Allocation weightings may not total 100%
Sector Weightings (%)*
U.S. Treasury Bills 74.49
U.S. Treasury Notes 13.53
Cash & Cash Equivalents 11.98
Portfolio Management
Mark A. Lozina, CFA
Portfolio Manager, Short Duration
Joseph S. Madrid, CFA
Senior Analyst, Money Market
Richard J. Stevenson
Portfolio Manager, Money Market