Values as of:

Wednesday, June 11, 2008

Ameristock/Ryan Treasury ETFs

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Click here to view Standardized Performance

(Not audited. For informational purposes only.)

Ameristock/Ryan 1 Year Treasury ETF

AMERISTO

Symbol

Total Net Assets

% Bonds*

% Cash

NAV

Total Distribution**

Price as of:

GKA

$ 2,538,415

100%

$ 25.18

$ 1.0069

Wednesday, June 11, 2008

% of Net Assets

Name

CUSIP

Maturity

Credit Rating (Moody's/ S&P)

Market Price

Market Value

Par Value

Modified Duration (yrs)

Yield to Maturity

16%

Treasury

912828BZ2

2/15/2009

Aaa/AAA

$ 100.49

$ 413,976

$ 408,000

0.664

2.274

84%

Treasury

912828GV6

6/30/2009

Aaa/AAA

$ 102.44

$ 2,134,532

$2,040,000

1.005

2.527

0.91960

GKA

0.950

Ryan 1 Year Index

0.964

2.39%

Commentary: Trades settled on June 3, 2008

Purchased $372,326 of U.S. Treasury security CUSIP 912828GV6

Sold $372,777 of U.S. Treasury security CUSIP 912828BZ2

Ameristock/Ryan 2 Year Treasury ETF

AMERISTO

Symbol

Total Net Assets

% Bonds*

% Cash

NAV

Total Distribution**

Price as of:

GKB

$ 2,574,893

100%

$ 25.54

$ 1.2729

Wednesday, June 11, 2008

% of Net Assets

Name

CUSIP

Maturity

Credit Rating (Moody's/ S&P)

Market Price

Market Value

Par Value

Modified Duration (yrs)

Yield to Maturity

100%

Treasury

912828JA9

5/31/2010

Aaa/AAA

$ 99.66

$ 2,571,356

$2,578,000

1.905

2.805

GKB

1.905

Ryan 2 Year Index

1.905

2.81%

Commentary: Trades settled on June 3, 2008

Purchased $2,582,381 of U.S. Treasury security CUSIP 912828JA9

Sold $2,582,438 of U.S. Treasury security CUSIP 912828HX1

Ameristock/Ryan 5 Year Treasury ETF

AMERISTO

Symbol

Total Net Assets

% Bonds*

% Cash

NAV

Total Distribution**

Price as of:

GKC

$ 2,584,315

100%

$ 25.64

$ 2.1121

Wednesday, June 11, 2008

% of Net Assets

Name

CUSIP

Maturity

Credit Rating (Moody's/ S&P)

Market Price

Market Value

Par Value

Modified Duration (yrs)

Yield to Maturity

100%

Treasury

912828JB7

5/31/2013

Aaa/AAA

$ 100.14

$ 2,580,573

$2,574,000

4.522

3.469

GKC

4.522

Ryan 5 Year Index

4.522

3.47%

Commentary: Trades settled on June 3, 2008

Purchased $2,595,451 of U.S. Treasury security CUSIP 912828JB7

Sold $2,595,182 of U.S. Treasury security CUSIP 912828HY9

Ameristock/Ryan 10 Year Treasury ETF

AMERISTO

Symbol

Total Net Assets

% Bonds*

% Cash

NAV

Total Distribution**

Price as of:

GKD

$ 2,598,466

100%

$ 25.78

$ 2.1227

Wednesday, June 11, 2008

% of Net Assets

Name

CUSIP

Maturity

Credit Rating (Moody's/ S&P)

Market Price

Market Value

Par Value

Modified Duration (yrs)

Yield to Maturity

100%

Treasury

912810EG9

8/15/2020

Aaa/AAA

$ 139.61

$ 2,595,365

$1,822,000

8.110

4.491

GKD

8.110

Ryan 10 Year Index

8.130

4.07%

Ameristock/Ryan 20 Year Treasury ETF

AMERISTO

Symbol

Total Net Assets

% Bonds*

% Cash

NAV

Total Distribution**

Price as of:

GKE

$ 2,590,847

100%

$ 25.70

$ 2.1921

Wednesday, June 11, 2008

% of Net Assets

Name

CUSIP

Maturity

Credit Rating (Moody's/ S&P)

Market Price

Market Value

Par Value

Modified Duration (yrs)

Yield to Maturity

13%

Treasury

912810ES3

11/15/2024

Aaa/AAA

$ 132.24

$ 397,110

$ 299,000

10.339

4.667

87%

Treasury

912810FE3

8/15/2028

Aaa/AAA

$ 109.45

$ 2,190,262

$1,969,000

12.303

4.765

100.0%

GKE

12.002

Ryan 20 Year Index

12.025

4.39%

This list is subject to change and may not be representative of current or future holdings.

The sale of an investment for the purpose of rebalancing may be subject to taxes.

Ameristock Funds are distributed by ALPS Distributors, Inc.

An investor should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. To obtain a prospectus containing this and other

information, please call 1-866-821-5592 or download the file from this website (www.ameristock.com). Read the prospectus carefully before you invest.

Market Price is the security bid price as of 3 pm Eastern Time on the date, noted above, of official U.S. bond market trading. These prices include accrued

interest. Price is the sum of the present values of the future cash flows of a security, given a particular yield.

Market Value is the security price multiplied by the number of securities held.

Par value is an amount that the U.S. Treasury agrees to repay to the holder of the security at or by the date of maturity.

Modified duration is a measure of sensitivity of a security’s price to changes in interest rates. Analysis of a modified duration is helpful to investors as it

gives an approximation of expected change in price of a security relative to changes in interest rates. Modified duration can be calculated for a portfolio

of securities based upon weightings of the component securities and their respective modified durations and is helpful to investors in analyzing the sensitivity

of their portfolios to changes in interest rates.

Yield to maturity is the interest rate where the present values of the future cash flows of a given security equate to the security's price. This interest rate,

or yield to maturity, is a rate that an investor receives if one is able to reinvest all cash flows at such rate during the life of the security. Yield to maturity

is the total return that an investor would expect to receive, considering the entire investment. Yield to maturity can be calculated for a portfolio of securities

based upon weightings of the component securities and their respective yield to maturities.

* Totals add to more than 100% pending dividend distribution.

** Distribution declared September 28, 2007, paid on October 19, 2007.

** Distribution declared December 27, 2007, payable on January 18, 2008.

** Distribution declared March 31, 2008, payable on April 18, 2008.