Aston/New Century Absolute Return ETF Fund - N Class (ANENX)

Holdings

Top Ten Holdings (as of 9/30/2008)
Company	Ticker	CUSIP	Number of Shares	Market Value	% of Net Assets
Spdr S&p Homebuilders Etf	XHB	78464A888	15,750	$308,228	2.27%
Ishares Lehman 20+ Yr Treas	TLT	464287432	3,130	$296,974	2.19%
Ishares Lehman 7-10yr Treas	IEF	464287440	3,310	$294,458	2.17%
Ishares Lehman Agg Bond Fund	AGG	464287226	2,970	$292,812	2.16%
Ishares Lehman Tres Inf Pr S	TIP	464287176	2,840	$287,692	2.12%
Vanguard Intermediate-term B	BIV	921937819	3,890	$284,904	2.10%
Spdr Lehman 1-3 Mth T-bill E	BIL	78464A680	5,830	$268,238	1.98%
Ishares Russell 2000	IWM	464287655	3,510	$240,049	1.77%
Spdr S&p Biotech Etf	XBI	78464A870	3,960	$238,115	1.75%
Consumer Staples Spdr	XLP	81369Y308	8,520	$234,726	1.73%
				$2,746,195	20%

As the fund is actively managed, the securities as presented do not represent the current or future composition of the portfolio.