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Small-Cap Fund: Composition and Holdings

Portfolio Composition
As of 12/31/2007
U.S. Equities 99%
Cash & Other 1%
Total 100%
Top Ten Holdings
As of 12/31/2007
Washington Post Education & Media Company 7.9%
Texas Industries Construction Material Provider 6.4%
Fairfax Financial Holdings Property/ Casualty Insurance 5.8%
Pioneer Natural Resources Oil & Gas Exploration & Production 5.5%
Service Corp. International Funeral Home/Cemetery Operator 5.5%
Office Depot Office Products Retailer 5.1%
Fair Isaac Analytics & Data Management Provider 4.8%
Dillard's Department Store Retailer 4.8%
Ruddick Harris Teeter Grocery Stores 4.7%
Potlatch Timber Company 4.7%
Total: 55.2%
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