portfolio

Allegiant Multi-Factor Small Cap Core Fund is for investors seeking long-term capital appreciation who are willing to accept the risks of investing in a fund that invests primarily in securities of small capitalization companies. The fund invests in companies that appear to have potential for above-average earnings, sales and asset value growth and integrates both growth and valuation considerations.

Top 10 Holdings (%)*

as of 9/30/2008

*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 98.40
CASH EQUIVALENTS & OTHER 1.61
Asset Allocation weightings may not total 100%
Sector Weightings (%)*
Financials 21.42
Industrials 16.87
Healthcare 13.66
Information Technology 12.46
Consumer Discretionary 11.59
Consumer Staples 6.34
Energy 5.34
Materials 4.98
Utilities 2.91
Telecommunication Services 2.78
Cash & Cash Equivalents 1.65
Portfolio Management
Hitesh C. Patel, Ph.D.
Managing Director, Structured Equity
Paul Kleinaitis, CFA
Senior Portfolio Manager, Structured Equity
Robin C. Roquitte, CFA
Senior Portfolio Manager, Structured Equity