HOLDINGS & FUND DETAILS

Top 10 Holdings

% of Holdings

Apple Computer, Inc.

6.14%

Hewlett-Packard Co.

5.88%

Adobe Systems, Inc.

5.12%

Qualcomm, Inc.

4.23%

Gilead Sciences, Inc.

3.96%

Teva Pharmaceutical Industries Ltd.

3.94%

Google, Inc.

3.77%

Monsanto Co.

3.30%

Celgene Corp.

3.27%

Petrohawk Energy Corp.

3.13%

*As of 12/31/2009

Top Sectors

% of Holdings

Technology Software

20.19%

Health Care Products

18.93%

Technology Services

12.63%

Consumer Merchandising

12.53%

Consumer Staples

8.91%

Industrials

8.88%

Energy

8.22%

Financial Institutions

5.34%

Materials

3.35%

Utilities

1.02%

*As of 12/31/2009

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

4.53%

$3to $25 Billion

31.71%

$25 to $50 Billion

26.15%

$50 to $100 Billion

16.58%

Over $100 Billion

21.04%

Total

100.00%

Asset Allocation

US Stocks

93.9%

American Depositary Receipts

5.3%

Cash & Equivalent

0.8%

Total

100.00%

Schedule of Investment

Fund Ticker Symbols

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