HOLDINGS & FUND DETAILS

Top 10 Holdings

% of Holdings

Apple Computer, Inc.

7.59%

Hewlett-Packard Co.

4.86%

Oracle Corporation

4.56%

Qualcomm, Inc.

4.14%

Gilead Sciences, Inc.

3.91%

Philip Morris International, Inc.

3.22%

Goldman Sachs Group, Inc.

3.05%

Apollo Group, Inc.

3.04%

The Western Union Company

3.00%

Petrohawk Energy Corp.

2.93%

*As of 06/30/2010

Top Sectors

% of Holdings

Technology Software

19.73%

Technology Services

15.76%

Health Care Products

14.75%

Consumer Merchandising

13.44%

Industrials

12.06%

Energy

8.51%

Consumer Staples

6.48%

Financial Institutions

5.28%

Materials

3.99%

*As of 06/30/2010

Fund Details

Designed for investors seeking capital appreciation in their investment over the long term.
Invested predominately in the equity securities of a limited number of large, carefully selected US companies that are judged likely to achieve superior earnings growth.

Capitalization Ranges of Equity Holdings

Less than $3 Billion

5.83%

$3to $25 Billion

44.60%

$25 to $50 Billion

16.30%

$50 to $100 Billion

13.87%

Over $100 Billion

19.41%

Total

100.00%

Asset Allocation

US Stocks

95.9%

American Depositary Receipts

3.0%

Cash & Equivalent

1.1%

Total

100.00%

Schedule of Investment

Fund Ticker Symbols

KLGAX - Class "A" Shares
KLGCX - Class "C" Shares
KLGIX - Class "I" Shares