portfolio

Allegiant Multi-Factor Small Cap Growth 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 growth-oriented securities of small capitalization companies with prospects for accelerated earnings or revenue growth relative to the broader stock market.

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 97.78
CASH EQUIVALENTS & OTHER 2.20
Asset Allocation weightings may not total 100%
Sector Weightings (%)*
Healthcare 21.91
Information Technology 18.06
Industrials 14.99
Consumer Discretionary 14.21
Energy 7.41
Financials 6.73
Materials 5.36
Consumer Staples 5.18
Cash & Cash Equivalents 2.25
Telecommunication Services 2.11
Utilities 1.79
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