AMF Ultra Short Mortgage Fund Details Quarter End

Average Annual Total Returns
as of 06/30/08

Morningstar
Category

YTD

1 Year

3 Years

5 Years

10 Years

Since
Inception

AMF Ultra Short Mortgage Fund
(September 18, 1991)

Ultrashort Bond

-5.37%

-2.87%

1.68%

1.61%

3.25%

4.13%

Ticker Symbol: ASARX
CUSIP: 045419108
Newspaper Fund Family: AMF Funds
Newspaper Fund Symbol: UltShrtMtg
Total Net Assets ($millions) as of July 31, 2008: 1,223.32

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Fund Fact Sheet

Portfolio Management Team:
Beatriz Barros
Maggie Bautista
Kevin Blaser

Sector Allocation
(as of June 30, 2008)

Quality Distribution
(as of June 30, 2008)

Portfolio Characteristics
(as of June 30, 2008)

U.S Treasury Obligations	0.0%
U.S Agency Obligations	0.0%
Mortgage-Backed Securities	84.9%
CDs	0.0%
Repurchase Agreements	15.1%
Derivatives	0.0%
Total	100.0%

U.S. Gov't/Agency	28.6%
AAA/Aaa	40.2%
AA/Aa	13.0%
A/A	0.9%
BBB/Bbb	0.1%
B/B	2.1%
Cash	15.1%

30 Day Average Yield	4.13%
30 Day SEC Yield	3.90%
Average Quality	AA
Duration	1.6 Years
Number of Issues	116