| TOP INSTITUTIONAL HOLDERS |
| Holder | Shares | % Out | Value* | Reported | | CNA FINANCIAL CORPORATION | 38,900 | .45 | $533,708 | 30-Sep-09 | | First Allied Securities, Inc. | 20,000 | .23 | $274,400 | 30-Sep-09 | | KARPUS INVESTMENT MANAGEMENT | 19,600 | .22 | $268,912 | 30-Sep-09 | | Twele Capital Management, Inc. | 17,000 | .19 | $233,240 | 30-Sep-09 | | HORIZON ASSET MANAGEMENT, INC./NY | 16,143 | .18 | $221,481 | 30-Sep-09 | | MORGAN STANLEY | 14,224 | .16 | $195,153 | 30-Sep-09 | | UBS AG | 14,128 | .16 | $193,836 | 30-Sep-09 | | Cypress Capital Group | 13,000 | .15 | $178,360 | 30-Sep-09 | | YieldQuest Advisors, LLC | 11,377 | .13 | $156,092 | 30-Sep-09 | | ProVise Management Group, LLC | 11,000 | .13 | $150,920 | 30-Sep-09 |
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| Holder | Shares | % Out | Value* | Reported | | YieldQuest Low Duration Tax-Exempt Bond Fund | 11,743 | .13 | $147,726 | 31-Jul-09 | | YieldQuest Tax Exempt Bond Fd | 11,743 | .13 | $147,726 | 31-Jul-09 | | TFS CAPITAL INVESTMENT TR-TFS MARKET NEUTRAL FUND | 2,492 | .03 | $31,349 | 31-Jul-09 |
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Value shown is computed using the security's price on the report date given.
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