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Alpine Dynamic Financial Svcs Fund (ADFSX)

General Information  As of 11/23/2009 NAV $6.94 NAV Daily Change $0.07 % Yield 1.39 % SEC Yield N/A % YTD Return (as of 10/31/2009) 33.52 Objective* Equity - Sector Financial Peer* FS * Key Portfolio Statistics % Unrealized Gain YTD -73.36 Net Assets (Mil $) 07/31/2009 5.67 % Turnover 07/31/2009 264.00 Fees % Max Sales Load .00 % Min Sales Load .00 % Max Deferred Load .00 Expenses % Max 12b-1 Fee .00 % Max Management Fee 1.00 % Redemption Fee 1.00 % Expense Ratio 1.42 Allocation Large Growth .00 Large Value 55.09 Small Growth .00 Small Value 23.80 Foreign Stock .00 Emerging Market .00 Precious Metals .00 Intermediate Bond .00 Foreign Bond .00 High Yield Bond .00 Portfolio Information Composition As of 07/31/2009 % of Net Assets Stock 88.98 Cash .00 Bonds .00 Preferred .00 Convertibles .00 Foreign Stock 10.84 Foreign Bonds .00 Hedge .00 Other 11.02 Sector / Country Weightings Sector / Country Weightings As of 07/31/2009 % of Portfolio Finance 74.09 Other 15.45 Services 5.35 Technology 3.80 Industrial Cyclical 1.31 N/A N/A N/A N/A N/A N/A N/A N/A Portfolio Holdings Top Equity Holdings (As of 07/31/2009) % of Portfolio Value (Mil$) INTERCONTINENTAL EXCHANGE INC 5.67 .41 BANCO DO ESTADO DO RIO GRANDE 4.88 .35 CENTERSTATE BANKS INCORPORATE 4.88 .35 COBIZ FINANCIAL INC 4.20 .30 ALLIANCE BANCORP INC OF PENN 3.69 .26 BLACKSTONE GROUP LP THE 3.14 .23 SANDERS MORRIS HARRIS GROUP I 3.13 .22 PENNYMAC MORT INVEST TRUST 2.62 .19 CME GROUP INC 2.59 .19 N/A N/A N/A

This is our Mutual Fund rating system that serves as a timeliness indicator for Mutual Funds over the next 6 months. Zacks Rank Definition #1 Strong Buy #2 Buy #3 Hold #4 Sell #5 Strong Sell S&P 500 Zacks Mutual Fund Rank FAQ - Learn more about the Zacks Rank Zacks Mutual Fund Rank Home - All Zacks Rank resources in one place Zacks Premium - The only way to get access to the Zacks Rank Zacks Premium Research - NEW! Zacks Mutual Fund Rank    Find similar funds that have a Mutual Fund Rank. Find Similar Funds Now  Fund Description Incepted in August 1987, the fund is managed by Advantus Capital Management. The Advantus Bond Fund, Class A seeks a high level of current income consistent with prudent investment risk. The fund invests primarily in investment-grade debt securities. These debt securities include, among other things, corporate and mortgage-backed securities, debt securities issued or guaranteed by the U.S. government or any of its agencies or instrumentalities, asset- backed securities and other debt obligations of U.S. banks or savings and loan associations. In selecting securities, the fund's investment adviser considers factors such as industry outlook, current and anticipated market and economic conditions, general levels of debt prices and issuer operations. It is the fund's policy to invest, under normal circumstances, at least 80 percent of the value of its net assets in bonds (for this purpose, 'bonds' includes any debt security) Dividends are declared daily, except the dividends for Saturdays, Sundays and holidays are declared on the next business day and paid monthly. Net capital gains, distributions are generally paid once a year. Stock Holding Statistics  % of Net Assets As Of 07/31/2009 Total Issues 78 Avg. P/E 26.18 Avg. P/Book 3.79 Avg. EPS Growth 14.5 Avg. Market Value (Mil $) 1,577 Risk 3 Year 5 Year 10 Year Beta 1.30 0.00 0.00 Alpha 8.84 0.00 0.00 R Squared 0.75 0.00 0.00 Std. Dev. 29.17 0.00 0.00 Sharpe -0.20 0.00 0.00 Shareholder Information Manager Peter J. Kovalski Since 11/05 Manager Rating * SEE EXPLANTION 13.1 Inception Date 11/01/2005 Shareholders 0 Dividends Paid A Minimum Initial Investment $1,000 Minimum Subsequent Investment $0 IRA Minimum $0 IRA Available Y Check Writing N Phone Invest Y Phone Exchange Y Phone Redeem Y Auto Invest Y Wire Redeem Y Wire Fee Y Wire Transfer Y Contact Information Family Alpine Funds Address 615 East Michigan Street, 3rd Fl Milwaukee, WI 53202 Phone 888 785-5578