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

Name	Value
BB&T TOTAL RETURN BOND FUND, INSTITUTIONAL CLASS	53.79%
BB&T SELECT EQUITY FUND, INSTITUTIONAL CLASS	7.84%
BB&T MID CAP VALUE FUND, INSTITUTIONAL CLASS	4.73%
BB&T INTERNATIONAL EQUITY FUND, INSTITUTIONAL CLASS	4.03%
ISHARES S&P 500 INDEX FUND/US	3.52%
ISHARES RUSSELL MIDCAP GROWTH INDEX FUND	3.14%
BB&T U.S. TREASURY MONEY MARKET FUND, INSTITUTIONAL CLASS	3.02%
BB&T EQUITY INCOME FUND, INSTITUTIONAL CLASS	2.96%
ISHARES MSCI EAFE VALUE INDEX FUND	2.15%
CREDIT SUISSE COMMODITY RETURN STRATEGY FUND	2.07%
ISHARES DOW JONES US REAL ESTATE INDEX FUND	2.04%
BB&T SPECIAL OPPORTUNITIES EQUITY FUND, INSTITUTIONAL CLASS	1.87%
LAZARD EMERGING MARKETS EQUITY PORTFOLIO	1.84%
ISHARES MSCI EMERGING MARKETS INDEX FUND	1.73%
ISHARES MSCI EAFE GROWTH INDEX FUND	1.45%
ISHARES MSCI EAFE SMALL CAP INDEX FUND	1.40%
STERLING SMALL CAP VALUE FUND, INSTITUTIONAL CLASS	1.23%
ISHARES RUSSELL 2000 INDEX FUND	1.19%