| TOP INSTITUTIONAL HOLDERS |
| Holder | Shares | % Out | Value* | Reported | | Claymore Advisors, LLC | 291,046 | .98 | $4,176,510 | 30-Sep-09 | | KARPUS INVESTMENT MANAGEMENT | 270,755 | .91 | $3,885,334 | 30-Sep-09 | | WELLS FARGO & COMPANY | 234,334 | .79 | $3,362,692 | 30-Sep-09 | | 1607 Capital Partners, LLC | 224,097 | .75 | $3,215,791 | 30-Sep-09 | | Advisors Asset Management, Inc. | 133,548 | .45 | $1,916,413 | 30-Sep-09 | | MORGAN STANLEY | 81,095 | .27 | $1,163,713 | 30-Sep-09 | | OPPENHEIMER & COMPANY INC. | 52,079 | .17 | $747,333 | 30-Sep-09 | | PARAMETRIC PORTFOLIO ASSOCIATES | 50,188 | .17 | $720,197 | 30-Sep-09 | | U.S. BANCORP (MINNESOTA) | 48,800 | .16 | $700,280 | 30-Sep-09 | | SADOFF INVESTMENT MANAGEMENT, LLC | 46,450 | .16 | $666,557 | 30-Sep-09 |
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| Holder | Shares | % Out | Value* | Reported | | YieldQuest Low Duration Tax-Exempt Bond Fund | 34,924 | .12 | $468,680 | 31-Jul-09 | | YieldQuest Tax Exempt Bond Fd | 34,924 | .12 | $468,680 | 31-Jul-09 | | YieldQuest Total Return Bond Fd | 33,905 | .11 | $455,005 | 31-Jul-09 | | TFS CAPITAL INVESTMENT TR-TFS MARKET NEUTRAL FUND | 4,479 | .02 | $60,108 | 31-Jul-09 |
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*
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Value shown is computed using the security's price on the report date given.
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