portfolio

Allegiant Multi-Factor Small Cap Focused Value 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 value-oriented securities of small capitalization companies.

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 98.41
CASH EQUIVALENTS & OTHER 1.59
Asset Allocation weightings may not total 100%
Sector Weightings (%)*
Financials 36.03
Information Technology 12.01
Industrials 11.92
Healthcare 9.18
Consumer Discretionary 8.91
Consumer Staples 7.24
Utilities 6.89
Energy 2.87
Materials 2.06
Telecommunication Services 1.78
Cash & Cash Equivalents 1.11
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