SouthernSun Small Cap Fund

Security Holdings As Of 6/30/2010
Security DescriptionPercentage *
Chicago Bridge & Iron-NY Shr5.59 %
Darling International Inc4.72 %
ARCH CHEMICALS INC - COM4.66 %
URS Corporation4.65 %
Nordson Corp4.64 %
Smithfield Foods, Inc.4.63 %
Polaris Industries, Inc.4.60 %
Trinity Indus., Inc.4.59 %
Tractor Supply Company4.52 %
OGE Energy Corporation4.48 %
AGCO Corporation4.41 %
Columbia Sportswear Co4.37 %
Affiliated Managers Group4.35 %
Dreyfus Institutional Rs - Money4.27 %
Koppers Holdings Inc4.18 %
Jo-Ann Stores, Inc.4.16 %
Cascade Corp4.09 %
Middleby Corporation3.99 %
James River Coal Co3.98 %
Del Monte Foods Co.3.75 %
Timken Co3.32 %
Flowserve Corporation2.96 %
Centene Corp2.81 %
Newport Corporation2.29 %

* Based On Net Assets

The security holdings are presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the funds may invest, and may not be representative of the fund's current or future investments. Portfolio holdings are subject to change and should not be considered to be investment advice.

0914-NLD-9/5/2008