Morningstar® Investment Profile™ | Disclosure Statement Morningstar - Free Trial   Allegiant Ultra Short Bond A LW  ASDAX.LW   Snapshot Total Returns Rating & Risk Portfolio Nuts & Bolts Analyst Report Quote datadef_ratings Allegiant Ultra Short Bond A LW  ASDAX.LW   Morningstar Report Overall Morningstar Rating™ What is this? As of 2009-10-31 Out of Ultrashort Bond Funds Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. Morningstar® Style Box™ What is this?    Avg Duration    0.97 Yrs    Avg Credit Quality    AAA As of 2009-10-31 Day Change $ 0.00    NAV (2009-11-20) $ 10.11    YTD Return % (2009-11-20) 2.57%    Total Assets ($ mil) 225 View Data Definitions   Performance     Growth of $10,000 Fund: Allegiant Ultra Short Bond A LW (from 2003-01-06 to 2009-10-31) Category: Ultrashort Bond Index: Barcap Aggregate Bond TR! Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20 Inception date: 2003-01-06 10yr and Inception Returns as of 2009-10-31 YTD Returns as of 2009-11-20 YTD 1 Year 3 Year 5 Year 10 Year Since Inception Fund 2.57 3.50 4.26 3.71 --- 3.04 +/- Category -4.90 -1.06 3.49 1.88 --- --- +/- Barcap Aggregate Bond TR! --- --- --- --- --- --- Standardized Annual Returns %   more on standardized returns Quarter-End (as of 2009-09-30) 2.34 4.28 4.38 3.68 --- 3.05 Month-End (as of 2009-10-31) 2.48 4.11 4.31 3.68 --- 3.04 After Tax Returns % (as of 2009-09-30 )   On Distribution --- 3.26 3.07 2.48 --- --- On Distribution & Sale of Shares --- 2.66 2.95 2.43 --- --- Morningstar Rating --- --- --- --- # of compared funds covered (3 yrs : out of 114 funds), (5 yrs : out of 101 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none. The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.   Portfolio Profile     Sector Breakdown % US Government 19.04 US Treasuries 10.03 TIPS 0.00 US Agency 9.02 Mortgage 23.48 Mortgage Pass-Thru 1.66 Mortgage CMO 21.81 Mortgage ARM 0.00 Credit 28.26 US Corporate 14.27 Asset-Backed 13.99 Convertible 0.00 Municipal 0.00 Corporate Inflation-Protected 0.00 Foreign 0.56 Foreign Corp 0.56 Foreign Govt 0.00 Cash 28.67 Bond Quality % of Bonds AAA 89.8 AA 0.5 A 7.0 BBB 1.9 BB 0.0 B 0.0 Below B 0.0 Not Rated 0.8   Asset Allocation % of Net Assets Cash 28.7 Stocks 0.0 Bonds 71.3 Other 0.0 Foreign Stocks 0.0 (as a % of Assets) Data through 2009-10-31 Data through 2009-10-31 Holding Status Total Number of Stock Holdings Turnover % 101 Total Number of Bond Holdings 89 30 Day SEC Yield % --- % of Assets in Top 10 Holdings 26.52 ending as of 2009-09-30 View Data Definitions Top 10 Holdings Maturity Date Amount $000 Value $000 % of Net Assets United States Treas Nts 1.25% 2010-11-30 13,825 13,945 6.36 FHLMC 1.5% 2011-01-07 10,000 10,106 4.61 FNMA 2011-03-23 7,500 7,608 3.47 Allegiant Advantage Institutional Money Market Fund I --- 6,586 6,586 3.00 US Treasury Note 2011-03-31 5,500 5,524 2.52 FHLMC CMO 5% 2026-11-15 3,730 3,797 1.73 Cap One Prime Auto 2006-2 4.94% 2012-07-15 3,631 3,711 1.69 FHLMC CMO 5% 2020-02-15 3,510 3,690 1.68 Chase Issuance Tr 2007-15a 4.96% 2012-09-15 3,530 3,661 1.67 Amex Issuance Tr 2008-2 4.02% 2011-01-15 3,045 3,069 1.40 Data through 2009-10-31   Other Information Fund Inception: 2003-01-06 Portfolio Manager  (Start Date) Andrew D. Harding  (2003-01-06) Mr. Harding is Sr. Director for Taxable Fixed Income, with primary responsibility for the firm’s taxable fixed income strategy and performance. Andy, with 25 years of investment experience, including positions in MBS trading and research, also serves as the fixed income team’s mortgage security specialist. Prior to joining the National City Investment Management Company in 2000, he was a portfolio manager with McDonald Investments. Mr. Harding has a BS from Princeton and an MBA from Baldwin-Wallace College. Mark Lozina  (2003-01-06) Lozina is a fixed income analyst with Allegiant Asset Management Company. Prior to joining the firm in 2002, Lozina was with National City Corporation's Equity Sponsor Group. He had been with National City since 1999. Lozina holds the designation of Chartered Financial Analyst. Brendan Burke  (2009-10-11) Burke is a vice president and has been with PCA since 2002. From 1998 to 2002 he was a corporate bond analyst with ASB Capital Management. Prior to that Burke worked for JP Morgan and Company. Sales Charge % (taken from prospectus dated 2009-10-01) Front: None Deferred: None Expense Ratio % 0.62 based on net assets (taken from annual report dated 2008-05-31) Correspondence Information 760 Moore Road King of Prussia,  PA  19406 Telephone: 800-622-3863 Data on this page does not include the fund's short positions (if any). Show Data Definitions © Copyright 2009 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. Past performance is no guarantee of future results. Returns will vary and shares may be worth more or less than their original cost when sold.