UA S&P 500 Index Fund II

Fund Overview | Fund Performance | Fund Management

Fund Overview

as of August 31, 2010

Fund Objective and Investment Philosophy

To approximate, before fund expenses, the investment results of the S&P 500 Index by investing in common stocks of larger issuers.

Investor Profile

Investors seeking returns similar to the S&P 500 Index who are willing to accept the risk of investing in equity securities.

Trading Symbol

UAIIX

Inception Date

March 27, 2000

Composition as of July 31, 2010

Equities	98.0%
Cash Equivalents	1.6%
Mutual Fund	0.5%

Top 10 Industries as of July 31, 2010

Chemicals and Allied Products	11.3%
Industrial Machinery and Equipment	9.0%
Depository Institutions	7.7%
Electronic and Other Electric Equipment	7.1%
Business Services	7.1%
Oil and Gas Extraction	5.0%
Petroleum and Coal Products	4.4%
Food and Kindred Products	4.4%
Communications	4.4%
Electric, Gas, and Sanitary Services	4.3%
Other	35.1%

Top Holdings as of July 31, 2010

Percentage of
Portfolio Assets
(Based on Market Value)

EXXON MOBIL COR	3.0%
APPLE INC	2.3%
MICROSOFT CORP	1.9%
PROCTER & GAMBLE CO	1.7%
GENERAL ELECTRIC	1.7%
CHEVRON CORP	1.7%
INTL BUSINESS MACHINES CO	1.6%
JP MORGAN CHASE & CO.	1.6%
JOHNSON & JOHNS	1.6%
AT&T INC	1.5%

Holdings subject to change.

There is no guarantee as of the date of this material that the securities mentioned remain in or out of the portfolio.

"S&P 500 � Index" is trademark of The McGraw-Hill Companies, Inc. and has been licensed for use by National City Investment Management Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor�s and Standard & Poor�s makes no representation regarding the advisability of investing. This site is for U.S. and Canadian investors only.

Privacy Statement | Prospectus | Quarterly Performance