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Structured Large Cap Plus Fund

The fund seeks to provide long-term capital appreciation with current income as a secondary objective.

Share Class	Ticker	CUSIP	Inception
Class A	KNVIX	31678R627	12/1/1992
Class B	FBLVX	31678R619	10/29/2001
Class C	FCLVX	31678R593	10/29/2001
Institutional	KNVEX	31678R643	11/2/1992

Investment Approach

We employ a quantitative approach to stock selection and portfolio construction
Portfolio will generally invest 130% of invested capital 'long' and 30% 'short'
Expected returns are forecasted for all stocks in the large cap universe using a proprietary statistical model
Predictive factors within the statistical model are derived from four factor groups: Valuation, Earnings Quality, Capital Discipline and Sentiment
Optimization techniques are used to reconcile the potential returns and risk of each stock to construct a highly diversified portfolio
Stocks with high expected returns are candidates for 'long' positions
Stocks with low expected returns are candidates for 'short' positions

Sell & Short Cover Disipline

Long positions are naturally sold from the portfolio as the return forecast deteriorates
Short positions are covered as the return forecast improves
Periodic rebalancing utilizing new information

Portfolio Characteristics

As of 03.31.12

Total Net Assets	$79,096,092
Number of Securities Held	238
^**Portfolio Turnover Rate	198%
Average Market Capitalization	$112.6B
P/E Ratio	15.4
P/B Ratio	2.7
Beta	1.10
^*Alpha	-4.26%
^*Sharpe	-0.16
^*R²	94.96%
^*Standard Deviation	24.59%

Risks and Additional Information

* Information above is for A Shares. Other classes may vary slightly.
** The Portfolio Turnover Rate represents the fund’s portfolio turnover for the fiscal year ending 7/31/11.
The P/E (Price-to-Earnings) Ratio equals the price of a stock divided by its earnings per share. P/E multiples enable investors to compare the relative value of stocks within a portfolio. They show how much an investor must pay for one dollar of earnings.
The P/B (Price-to-Book) Ratio compares the market’s valuation of a company to the value of that company as indicated on its financial statement.

An investor cannot invest directly in an index.
Beta rating attempts to measure relative risk in relation to the fund’s benchmark.
Alpha is a coefficient which measures risk-adjusted performance, factoring in the risk due to the specific security, rather than the overall market.
Sharpe Ratio is calculated using standard deviation and excess return to determine reward per unit of risk.
R² (R-squared) is a measurement of how closely a portfolio’s performance correlates with the performance of a benchmark index.
Standard Deviation is a statistical measure of the historical volatility of a mutual fund.
The risk reward metrics shown in the Portfolio Characteristics section above are for a trailing five-year period in relation to the fund’s benchmark. Source: Zephyr Style Advisor.

An investor should consider the fund’s investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about the investment company can be found in the fund’s prospectus. To obtain a prospectus, call 1-800-282-5706 or visit our Prospectus & Literature section. Please read the prospectus carefully before investing.

Fifth Third Funds are distributed by FTAM Funds Distributor, Inc. Fifth Third Asset Management, Inc. serves as Investment Adviser to Fifth Third Funds

NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE

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