Actual Portfolio Composition as of (06/30/2010)

Name	Value
BB&T TOTAL RETURN BOND FUND, INSTITUTIONAL CLASS	26.60%
BB&T SELECT EQUITY FUND, INSTITUTIONAL CLASS	12.84%
BB&T MID CAP VALUE FUND, INSTITUTIONAL CLASS	7.74%
BB&T INTERNATIONAL EQUITY FUND, INSTITUTIONAL CLASS	6.65%
ISHARES S&P 500 INDEX FUND/US	5.77%
ISHARES RUSSELL MIDCAP GROWTH INDEX FUND	5.14%
BB&T EQUITY INCOME FUND, INSTITUTIONAL CLASS	4.86%
ISHARES MSCI EAFE VALUE INDEX FUND	3.56%
CREDIT SUISSE COMMODITY RETURN STRATEGY FUND	3.13%
ISHARES DOW JONES US REAL ESTATE INDEX FUND	3.08%
BB&T SPECIAL OPPORTUNITIES EQUITY FUND, INSTITUTIONAL CLASS	3.07%
BB&T U.S. TREASURY MONEY MARKET FUND, INSTITUTIONAL CLASS	3.05%
LAZARD EMERGING MARKETS EQUITY PORTFOLIO	3.00%
ISHARES MSCI EMERGING MARKETS INDEX FUND	2.86%
ISHARES MSCI EAFE GROWTH INDEX FUND	2.40%
ISHARES MSCI EAFE SMALL CAP INDEX FUND	2.30%
STERLING SMALL CAP VALUE FUND, INSTITUTIONAL CLASS	2.02%
ISHARES RUSSELL 2000 INDEX FUND	1.93%