Mutual Fund & Variable Insurance Trust N-CSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-05010

THE HUNTINGTON FUNDS

(Exact name of registrant as specified in charter)

2960 North Meridian Street, Suite 300

Attn: Huntington Funds Officer

Indianapolis, IN 46208

(Address of principal executive offices) (Zip code)

Martin Dean

The Huntington National Bank

37 West Broad Street, 6^th Floor

Columbus, OH 43215

(Name and address of agent for service)

Copies to:

David C. Mahaffey, Esq.

Sullivan & Worcester

1666 K Street, N.W.

Washington, DC 20006

Registrant’s telephone number, including area code: 1-800-253-0412

Date of fiscal year end: December 31

Date of reporting period: June 30, 2013

Item 1. Reports to Stockholders.

A Message from the

Chief Investment Officer and

Semi-Annual Shareholder Report

JUNE 30, 2013

CLASS A SHARES

TRUST SHARES

Notice of Privacy Policy and Practices

The Huntington Funds recognize and respect the privacy concerns and expectations of our customers¹. We are committed to maintaining the highest level of privacy and confidentiality when it comes to your personal information.

The Huntington Funds collect and use your information only where we reasonably believe it would be useful and allowed by law. We would only use such information to enhance, evaluate or modify your relationship with us: to administer your account, to identify your specific financial needs and to provide you with information about our products and services.

We provide this notice so that you will know what kinds of information we collect and the circumstances in which that information may be disclosed to third parties.

We collect nonpublic personal information about our customers from the following sources:

• Account applications and other forms—which may include a customer’s name, address, social security number, and information about a customer’s investment goals and risk tolerance;

• Account history—including information about the transactions and balances in a customer’s account(s); and

• Correspondence—written, telephonic or through the Huntington Funds website—between a customer and the Huntington Funds or service providers to the Huntington Funds.

We may disclose all of the information described above to affiliated parties and to certain third parties who are not affiliated with the Huntington Funds under one or more of these circumstances:

• As authorized—if you request or authorize the disclosure of the information.

• As permitted by law—for example, sharing information with companies who maintain or service customer accounts for the Huntington Funds is permitted and is essential for us to provide shareholders with necessary or useful services with respect to their accounts.

• Under marketing agreements—we may also share information with companies that perform marketing services on our behalf.

We maintain, and require all the Huntington Funds service providers to maintain policies designed to assure only appropriate access to, and use of information about, our customers. We rely on the Huntington Funds’ transfer agent, in accordance with its policies and procedures, to appropriately dispose of our customers’ nonpublic personal information and to protect against its unauthorized access or use when we are no longer required to maintain this information. When information about the Huntington Funds’ customers is disclosed to nonaffiliated third parties, we require that the third party maintain the confidentiality of the information disclosed and limit the use of information by the third party solely to the purposes for which the information is disclosed or as otherwise permitted by law.

We will adhere to the policies and practices described in this notice regardless of whether you are a current or former customer of the Huntington Funds.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

¹  For purposes of this notice, the terms “customer” or “customers” includes individuals who provide nonpublic personal information to the Huntington Funds, but do not invest in the Huntington Funds’ shares.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

LIMITING USE OF YOUR INFORMATION FOR MARKETING WITHIN OUR FAMILY OF COMPANIES

• Huntington Funds is providing this notice. Federal law gives you the right to limit some but not all marketing from our affiliates. Federal law also requires us to give you this notice to tell you about your choice to limit marketing from our affiliates.

• You may limit our affiliates in the Huntington group of companies, including, but not limited to, Huntington Asset Advisors, Inc., Huntington Investment Company, Huntington Asset Services and Unified Financial Securities, from marketing their products or services to you based on your personal information that we collect and share with them. This information includes your income and your account history with us.

• Your choice to limit marketing offers from our affiliates will apply until you tell us to change your choice.

• If you have already made a choice to limit marketing offers from our affiliates, you do not need to act again.

• For joint consumer accounts, any one of the joint account holders has the right to exercise the option described above. If you are a joint account holder, your decision will also apply to others with whom you jointly hold accounts. If you have more than one consumer account with us, you need only respond once. It is not necessary for you to respond for each account.

To limit marketing offers, check the box below and return the form to us.

¨     Exclude me from information sharing among your affiliates as described above.

To complete your request, please provide us with the following information.

Name:                                                                                                                                                                                                        

Account Number:                                                                                                                                                                                 

Street Address:                                                                                                                                                                                       

City, State, Zip:                                                                                                                                                                                      

Phone Number:                                                                                                                                                                                     

Last 4 digits of Social Security Number:                                                                                                                                      

If you have checked the box above, either mail this form in a stamped envelope to:

Huntington Funds, P.O. Box 6110, Indianapolis, IN 46206-6110

or call us at 1-800-253-0412

Message from the Chief Investment Officer

Dear Shareholder:

While the first quarter of 2013 experienced explosive equity market appreciation, the second quarter could prove to be a pivotal point for many investors in both the equity and bond markets. During the quarter, Federal Reserve (Fed) Chairman, Ben Bernanke, alluded to the fact that the Fed was closely evaluating the economy and the future implications of its expansionary monetary policy, which is being actively pursued by its market purchasing of Treasury and mortgage securities. The prospect of a reduction or cessation of the quantitative easing, which has been pursued for so long, caused investors to draw their own conclusions on the strength of the economy and the course of the investment markets.

Most certainly, fixed income investors reacted as if the 30-year bond boom was at an end. Rates jumped significantly, as the potential source of fixed income securities purchases was indicating that it might remove some or all of that artificial demand. At low interest rate levels, the duration that influences bond price movements is almost entirely based upon maturity terms. For example, the recently floated Apple bonds experienced a 13 percent decline in value in the 30-year tranche in less than three months. Traditional bond investors, who purchase fixed income over other investment types, do so because of the safety and low volatility that bonds characteristically exhibit. That notion may be subject to re-evaluation.

On a more positive note, the jump in rates caused some investors to reappraise their cash exposure. With the equity market producing double digit returns in the first quarter, a number of “pole sitters” were prompted back into the stock market. While the announcement of Fed policy caused some short-term angst among equity holders, there was the presumption that the Fed would only pursue such a policy if they were convinced of the economy’s ability to continue its recovery, even without the external monetary stimulus. While the second quarter’s performance was not on par with the first quarter, almost every sector of the equity markets performed in a positive fashion. With the bond market in disarray, and the cash market offering virtually no returns, the stock markets appear to be the “only game in town” for many investors seeking both income and appreciation.

The major markets such as the Dow Jones Industrial Average¹ and the Standard & Poor’s 500 Index (S&P 500)² were up 15.2 percent and 13.8 percent, respectively, for the six months ended June 30, 2013. Small and middle capitalized company indexes jumped 16.2 percent and 14.6 percent for the six months ended June 30, 2013, as represented by the Standard & Poor’s SmallCap 600 Index (S&P 600)³ and the Standard & Poor’s MidCap 400 Index (S&P 400)⁴, respectively. It also might be worthy to note that, since bottoming in February of 2009, the large cap indexes have risen 150 percent and the small caps have regained 200 percent of their value. While it was painful to watch stock values erode so significantly during that period, and the temptation to “get out and stay out” was strong, those investors who maintained the belief that our economic system was pliable, yet enduring, have been richly rewarded.

In the remainder of 2013, we believe many bond investors may abandon some of their commitment to fixed income and rejoin the equity parade. Perhaps we will witness a new era of dividend seeking investors who were once bond holders, in order to satisfy their need for current income. At Huntington Asset Advisors, we recognize both the potential demand for dividend paying stocks, and yet, have witnessed their current high valuations. For that reason, we utilize option strategies within many of the funds to help manage some of the volatility that high valuations carry. These strategies are one of the defining tools that Huntington Funds employs on behalf of its shareholders.

Within Huntington Funds, we offer a full complement of funds designed to conform to the economic and market environment and to meet specific client requirements. The Growth Funds (International Equity Fund, Mid Corp America Fund, Situs Fund) provide exposure to both domestic and international large, mid and small cap equity markets, while the Traditional Bond Funds (Fixed Income Securities Fund, Intermediate Government Income Fund, Mortgage Securities Fund, Short/Intermediate Fixed Income Securities Fund, Ohio Tax-Free Fund) provide fixed income portfolios with mixed durations. Four Strategic Income Funds (Dividend Capture Fund, Income Equity Fund, Income Generation Fund, World Income Fund) enable us to reach around the globe and find a broad range of non-traditional investments, which have historically provided income at rates that have outpaced more traditional asset classes. The four Specialty Funds (Disciplined Equity Fund, Global Select Markets Fund, Real Strategies Fund, Rotating Markets Fund) seek special investment opportunities designed to increase the diversification of our shareholders’ investments and provide an extra potential for growth, or help protect them from inflation. Some of these funds invest in asset classes such as commodities or emerging markets, and use innovative strategies including sector rotation and options hedging programs to help manage overall investment risk. Asset Allocation Funds and Money Market Funds complete the Huntington Funds’ offerings.

Letter from the Chief Investment Officer

Message from the Chief Investment Officer (Continued)

All Huntington Funds are managed by experienced investment professionals and are overseen by our Huntington Asset Advisors’ Investment Policy Committee and the Huntington Funds’ Board of Trustees. Our process involves disciplined quantitative and subjective efforts to ensure that we are providing a comprehensive appraisal of the financial markets and each individual investment in Huntington Funds.

We appreciate your continued support and confidence, and we will continue to provide Huntington Funds’ shareholders with multiple vehicles to meet the ever changing financial landscape. Your trust is paramount in our quest to provide diverse solutions with the highest ethical standards.

B. Randolph Bateman

Chief Investment Officer

Huntington Asset Advisors, Inc.

(1) The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and Nasdaq.

(2) The S&P 500 is a capitalization-weighted index comprised of 500 stocks and is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The index is unmanaged and, unlike the Fund, is not affected by cashflows. It is not possible to invest directly in an Index.

(3) The S&P 600 is a capitalization-weighted index which generally represents all major industries in the small cap range of the U.S. stock market. The index is unmanaged and, unlike the Fund, is not affected by cashflows. It is not possible to invest directly in an Index.

(4) The S&P 400 is a capitalization-weighted index of common stocks representing the mid-range sector of the U.S. stock market. The index is unmanaged and, unlike the Fund, is not affected by cashflows. It is not possible to invest directly in an Index.

This commentary may include statements that constitute “forward looking statements” under the U.S. securities laws. Forward-looking statements include, among other things, projections, estimates, and information about possible or future results related to the Funds, market or regulatory developments. The views expressed above are not guarantees of future performance or economic results and involve certain risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially from the views expressed herein. The views expressed above are those of the Adviser as of June 30, 2013 and are subject to change at any time based upon economic, market, or other conditions and the Adviser undertakes no obligation to update the views expressed herein. Any discussions of specific securities should not be considered a recommendation to buy or sell those securities. The views expressed above (including any forward-looking statement) may not be relied upon as investment advice or as an indication of the Funds’ trading intent. Information about the Funds’ holdings, asset allocation or country diversification is historical and is not an indication of future Fund composition, which may vary.

The performance of any index mentioned in this commentary has not been adjusted for ongoing management, distribution and operating expenses, and sales charges applicable to mutual fund investments. In addition, the returns do not reflect additional fees charged by separate accounts or variable insurance contracts that an investor in the Fund may pay. If these additional fees were reflected, performance would have been lower.

This material represents the manager’s assessment of the Funds and market environment at a specific point in time and should not be relied upon by the reader as research, tax or investment advice.

Huntington Asset Advisors, Inc. does not provide tax advice. Please note that i) any discussion of U.S. tax matters contained in this communication cannot be used by you for the purpose of avoiding tax penalties; ii) this communication was written to support the promotion or marketing of the matters addressed herein; and iii) you should seek advice based on your particular circumstances from an independent tax advisor.

Letter from the Chief Investment Officer

Semi-Annual Shareholder Report

MONEY MARKET FUNDS

Huntington Tax-Free Money Market Fund

Huntington Money Market Fund

Huntington Ohio Municipal Money Market Fund

Huntington U.S. Treasury Money Market Fund

EQUITY FUNDS

Huntington Disciplined Equity Fund

Huntington Dividend Capture Fund

Huntington Global Select Markets Fund

Huntington Income Equity Fund

Huntington International Equity Fund

Huntington Mid Corp America Fund

Huntington Real Strategies Fund

Huntington Rotating Markets Fund

Huntington Situs Fund

INCOME FUNDS

Huntington Fixed Income Securities Fund

Huntington Intermediate Government Income Fund

Huntington Mortgage Securities Fund

Huntington Ohio Tax-Free Fund

Huntington Short/Intermediate Fixed Income Securities Fund

ASSET ALLOCATION FUNDS

Huntington Balanced Allocation Fund

Huntington Conservative Allocation Fund

Huntington Growth Allocation Fund

Huntington Tax-Free  Money Market Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Medical		36.8%
Multifamily Housing		26.0%
General Obligation		16.7%
Higher Education		8.5%
School District		4.7%
Transportation		3.5%
Cash		2.7%
Development		1.1%
Total		100.0%

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments (unaudited)

Principal Amount			Value
	Municipal Bonds — 97.1%
	Alabama — 0.1%
$	100,000	Talladega County, AL, Refunding Warrants, G.O., Series A, 2.000%, 3/1/14	$	101,050
	Colorado — 0.9%
	500,000	Colorado Educational & Cultural Facilities Authority Revenue, 0.050%, 12/1/35 (a)		500,000
	145,000	Douglas County, CO, School District No. Re-1 Douglas & Elbert Counties, G.O., 2.000%, 12/15/13		146,059
				646,059
	Connecticut — 0.3%
	200,000	Woodbury, CT, G.O., 2.000%, 8/15/13		200,394
	Florida — 19.5%
	1,365,000	Broward County, FL, Housing Finance Authority Revenue, (Freddie Mac Ins.), 0.060%, 12/1/29 (a)		1,365,000
	300,000	Florida State Housing Finance Corp., Various Refunding Housing Island Club Revenue, 0.040%, 7/1/31 (a)		300,000
	3,005,000	Jacksonville, FL, Housing Finance Authority Revenue, (Fannie Mae Ins.), 0.060%, 7/15/33 (a)		3,005,000
	600,000	North Broward, FL, Hospital District Revenue, (MBIA Ins. LOC - Wachovia Bank N.A.), 0.040%, 1/15/27 (a)		600,000
	200,000	Palm Beach County, FL, Revenue, (LOC - Northern Trust Co.), 0.100%, 5/1/25 (a)		200,000

Principal Amount			Value
	Municipal Bonds — (Continued)
	Florida — (Continued)
$	700,000	Palm Beach County, FL, Revenue, (LOC - Northern Trust Co.), 0.060%, 11/1/36 (a)	$	700,000
	2,625,000	Pinellas County, FL, Health Facilities Authority Revenue, Series A-1, (AGM Ins.), 0.020%, 11/1/38 (a)		2,625,000
	3,100,000	Sarasota County, FL, Public Hospital District Hospital Revenue, Sarasota Memorial Hospital, Series A, (LOC - Northern Trust Co.), 0.020%, 7/1/37 (a)		3,100,000
	380,000	Tamarac, FL, Capital Improvement Revenue, 2.000%, 10/1/13		381,421
	1,100,000	Volusia County, FL, Housing Finance Authority Refunding Revenue, (Fannie Mae Ins.), 0.060%, 1/15/32 (a)		1,100,000
				13,376,421
	Georgia — 2.2%
	1,500,000	Cobb County, GA, Housing Authority Revenue, Tamarron Apartments, (Freddie Mac Ins.), 0.070%, 3/1/24 (a)		1,500,000
	Idaho — 1.8%
	1,200,000	Idaho State Housing & Finance Association Revenue, Series A, 0.070%, 1/1/38 (a)		1,200,000
	Indiana — 0.2%
	145,000	Mooresville, IN, Public Library Leasing Corp. Revenue, 2.000%, 7/15/13		145,084

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

1

Huntington Tax-Free Money Market Fund (Continued)

Principal Amount			Value
	Municipal Bonds —(Continued)
	Iowa — 2.0%
$	800,000	Iowa State Finance Authority, Health Facilities Revenue, Series A, 0.040%, 2/15/35 (a)	$	800,000
	600,000	Iowa State Finance Authority, Health Facilities Revenue, Series B, 0.040%, 2/15/35 (a)		600,000
				1,400,000
	Kentucky — 0.2%
	150,000	Jefferson County, KY, School District Finance Corp. Revenue, Series A, 3.500%, 7/1/13		150,000
	Massachusetts — 0.5%
	190,000	New Bedford, MA, Muni Purpose Loan, G.O., 5.000%, 2/15/14		195,365
	150,000	Tisbury, MA, Muni Purpose Loan, G.O., 2.000%, 11/1/13		150,806
				346,171
	Michigan — 3.1%
	2,100,000	University of Michigan, Revenue, Series B, (SPA - Northern Trust Co.), 0.010%, 4/1/42 (a)		2,100,000
	Minnesota — 10.2%
	400,000	Burnsville, MN, Multifamily Revenue, 0.050%, 10/15/33 (a)		400,000
	1,995,000	Minneapolis & St. Paul, MN, Housing & Redevelopment Authority, Health Care Revenue, Allina Health Systems, Series B-1, (LOC - JPMorgan Chase Bank), 0.020%, 11/15/35 (a)		1,995,000
	1,000,000	Minneapolis, MN, Housing Development Revenue, 0.050%, 9/1/26 (a)		1,000,000
	2,000,000	Richfield, MN, Housing Revenue, Woodlake Richfield Apartments Project, (LOC - Wells Fargo Bank N.A.), 0.040%, 10/1/53 (a)		2,000,000
	1,600,000	Rochester, MN, Health Care Facilities Revenue, 0.040%, 8/15/32 (a)		1,600,000
				6,995,000
	Mississippi — 0.1%
	60,000	Lauderdale County, MS, G.O., Series A, 1.000%, 4/1/14		60,201
	Missouri — 3.2%
	200,000	Missouri State Health & Educational Facilities Authority Revenue, St. Louis University, Series A-1, (LOC - Wells Fargo Bank N.A.), 0.040%, 10/1/35 (a)		200,000

Principal Amount			Value
	Municipal Bonds —(Continued)
	Missouri —(Continued)
$	2,000,000	Missouri State Health & Educational Facilities Authority Revenue, St. Louis University, Series A-2, (LOC - Wells Fargo Bank N.A.), 0.020%, 10/1/35 (a)	$	2,000,000
				2,200,000
	New Hampshire — 1.5%
	1,000,000	Merrimack County, NH, G.O., 2.000%, 12/27/13		1,007,542
	New Jersey — 0.9%
	125,000	Howell Township, NJ, G.O., 2.000%, 11/1/13		125,666
	480,000	Robbinsville Township, NJ, Board of Education, G.O., 2.000%, 3/15/14		485,221
				610,887
	New York — 2.5%
	380,000	Lindenhurst, NY, G.O., 2.000%, 8/1/13		380,516
	1,300,000	New York State Housing Finance Agency Revenue, (Fannie Mae Ins.), 0.040%, 5/15/39 (a)		1,300,000
				1,680,516
	North Carolina — 11.8%
	1,845,000	Cary, NC, Various Public Improvements, G.O., (SPA - JPMorgan Chase Bank), 0.050%, 6/1/27 (a)		1,845,000
	3,545,000	Charlotte-Mecklenburg, NC, Health Care System Revenue, Series B, (LOC - U.S. Bank N.A.), 0.020%, 1/15/26 (a)		3,545,000
	2,400,000	Charlotte-Mecklenburg, NC, Health Care System Revenue, Series H, (LOC - Wells Fargo Bank N.A.), 0.020%, 1/15/45 (a)		2,400,000
	260,000	State of North Carolina, Prerefunded-Public Improvement, G.O., Series A, 4.250%, 3/1/24		266,638
				8,056,638
	Ohio — 14.3%
	165,000	Chagrin Falls, OH, Exempted Village School District, G.O., Series B, 2.000%, 12/1/13		166,068
	709,000	Chillicothe, OH, Street Improvement, G.O., BAN, 0.500%, 12/19/13		709,000
	310,000	Delaware, OH, G.O., 1.000%, 12/1/13		310,776
	1,000,000	East Knox, OH, Local School District, School Facilities Construction and Improvement, G.O., BAN, 2.200%, 1/28/14		1,008,898

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

2

Huntington Tax-Free Money Market Fund (Continued)

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	145,000	Fairview Park, OH, City School District, G.O., 1.000%, 12/1/13	$	145,303
	755,000	Franklin County, OH, Industrial Development Revenue, (LOC - JPMorgan Chase Bank), 0.080%, 11/1/14 (a)		755,000
	1,000,000	Hamilton, OH, Various Purposes, G.O., 1.125%, 10/3/13		1,001,343
	310,000	Harrison, OH, G.O., 2.750%, 10/24/13		311,691
	160,000	Hubbard, OH, Exempt Village School District, Classroom Facilities Improvement, G.O., (Student Credit Program), 1.000%, 12/1/13		160,365
	400,000	Lorain, OH, Port Authority Revenue, Land Reutilization Project, 2.500%, 11/6/13		402,370
	100,000	Mahoning County, OH, Refunding and Various Purposes, G.O., 3.625%, 12/1/13		101,264
	100,000	Monroeville, OH, Local School District, G.O., (Student Credit Program), 1.000%, 12/1/13		100,229
	2,000,000	Montgomery County, OH, Transportation Improvement District Revenue, Austin Landing Phase II, 1.500%, 2/13/14		2,012,903
	1,000,000	Morrow County, OH, County Court House, G.O., BAN, 1.500%, 1/15/14		1,005,673
	1,000,000	Ohio State University, General Receipts Revenue, 0.030%, 12/1/27 (a)		1,000,000
	190,000	Painesville, OH, City School District, School Improvement, G.O., (Student Credit Program), 1.000%, 12/1/13		190,437
	100,000	Pataskala, OH, Various Purposes, G.O., 1.500%, 3/26/14		100,732
	125,000	Tecumseh, OH, Local School District, Various Purposes, G.O., (Student Credit Program), 2.000%, 12/1/13		125,782
	160,000	Washington, OH, Local School District/Lucas County, COP, 4.000%, 9/1/13		160,808
	40,000	Youngstown, OH, City School District, G.O., (Student Credit Program), 3.000%, 12/1/13		40,400
				9,809,042
	Oklahoma — 0.3%
	200,000	Oklahoma County, OK, G.O., Series A, 3.500%, 7/1/13		200,000

Principal Amount			Value
	Municipal Bonds — (Continued)
	Pennsylvania — 0.6%
$	100,000	Lancaster County, PA, G.O., Series A, 2.500%, 11/1/13	$	100,636
	325,000	Souderton, PA, Area School District, G.O., Series AA, 3.000%, 9/1/13		326,431
				427,067
	Tennessee — 4.4%
	1,360,000	Franklin County, TN, G.O., 2.000%, 6/1/14		1,379,899
	1,625,000	Jackson, TN, Health Educational & Housing Facility Board Multifamily Revenue, (Fannie Mae Ins.), 0.060%, 5/15/31 (a)		1,625,000
				3,004,899
	Texas — 5.1%
	200,000	Austin, TX, Housing Finance Corp., Multifamily Housing Revenue, Stassney Woods Apartments, Series A, (Fannie Mae Ins., LOC - JPMorgan Chase Bank), 0.060%, 10/15/32 (a)		200,000
	205,000	Crandall, TX, Independent School District, G.O., Series B, 0.000%, 8/15/13 (b)		204,823
	700,000	Harris County, TX, Cultural Education Facilities Finance Corp. Revenue, Series B-1, 0.040%, 9/1/31 (a)		700,000
	1,300,000	Harris County, TX, Cultural Education Facilities Finance Corp. Revenue, Series B-2, (LOC - JPMorgan Chase & Co.), 0.040%, 9/1/31 (a)		1,300,000
	1,110,000	Travis County, TX, Housing Finance Corp., Multifamily Housing Revenue, Series A, (Fannie Mae Ins.), 0.060%, 2/15/34 (a)		1,110,000
				3,514,823
	Virginia — 9.4%
	850,000	Arlington County, VA, Industrial Development Authority Revenue, Series A, (Fannie Mae Ins.), 0.050%, 3/1/35 (a)		850,000
	825,000	Hampton, VA, Redevelopment & Housing Authority Multifamily Housing Revenue, Township Apartments Project, (Fannie Mae Ins.), 0.060%, 10/15/32 (a)		825,000
	3,480,000	Roanoke, VA, Economic Development Authority, Hospital Revenue, Series A-1, 0.140%, 7/1/36 (a)		3,480,000

(See notes which are an integral part of the Financial Statements)

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3

Huntington Tax-Free Money Market Fund (Continued)

Principal Amount			Value
	Municipal Bonds — (Continued)
	Virginia — (Continued)
$	1,275,000	Roanoke, VA , Economic Development Authority, Hospital Revenue, Series A-2, 0.140%, 7/1/36 (a)	$	1,275,000
				6,430,000
	Washington — 1.8%
	100,000	Snohomish County, WA, School District No. 15 Edmonds, G.O., Series A, 5.000%, 12/1/13		101,923
	1,165,000	Washington Economic Development Finance Authority Revenue, Pioneer Human Services, 0.030%, 9/1/18 (a)		1,165,000
				1,266,923

Principal Amount or Shares			Value
	Municipal Bonds — (Continued)
	Wisconsin — 0.2%
$	130,000	Oshkosh, WI, Promissory Notes, G.O., Series C, 2.000%, 12/1/13	$	130,869
	Total Municipal Bonds (Cost $66,559,586)			66,559,586
	Cash Equivalents — 2.8%
	1,875,836	Fidelity Institutional Tax-Exempt Money Market Portfolio, Class I, 0.010% (c)		1,875,836
	Total Cash Equivalents (Cost $1,875,836)			1,875,836
	Total Investments (Cost $68,435,422) — 99.9%			68,435,422
	Other Assets in Excess of Liabilities — 0.1%			87,650
	Net Assets — 100.0%		$	68,523,072

(a) Variable or Floating Rate Security. Rate disclosed is as of June 30, 2013. Date shown represents final maturity date.

(b) Zero coupon bond.

(c) Rate disclosed is the seven day yield as of June 30, 2013.

AGM — Assured Guaranty Municipal Corp.

COP — Certificate of Participation

G.O. — General Obligation

LOC — Letter of Credit

MBIA — Municipal Bond Insurance Association

SPA — Standby Purchase Agreement

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

4

Huntington Money Market  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Commercial Paper		35.2%
U.S. Government Agencies		20.5%
Municipal Bonds		13.6%
Repurchase Agreements		11.9%
Cash		10.7%
Yankee Certificates of Deposit		6.1%
Corporate Bonds		2.0%
Total		100.0%

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments (unaudited)

Principal Amount			Value
	Commercial Paper — 35.2%
$	10,000,000	Australia & New Zealand Banking Group Ltd., 0.202%, 12/2/13	$	9,991,444
	5,000,000	Coca-Cola Co./The, 0.161%, 12/10/13		4,996,400
	10,000,000	Commonwealth Bank of Australia, 0.207%, 11/20/13		9,991,914
	5,000,000	General Electric Capital Corp., 0.172%, 12/16/13		4,996,033
	5,000,000	Google, Inc., 0.080%, 9/18/13		4,999,122
	5,000,000	John Deere, 0.093%, 7/12/13		4,999,847
	5,000,000	Johnson & Johnson, 0.059%, 8/1/13		4,999,742
	5,000,000	JPMorgan Chase & Co., 0.293%, 11/18/13		4,994,361
	5,000,000	Merck & Co., 0.090%, 9/23/13		4,998,950
	10,000,000	National Australia Funding Delaware, Inc., 0.181%, 10/7/13		9,995,100
	5,000,000	Nestle Capital Corp., 0.099%, 8/21/13		4,999,292
	5,000,000	PepsiCo, Inc., 0.069%, 8/5/13		4,999,660
	5,000,000	Pfizer, Inc., 0.034%, 7/3/13		4,999,986
	5,000,000	Procter & Gamble Co., 0.099%, 8/12/13		4,999,417
	10,000,000	Toronto Dominion Holdings (USA), Inc., 0.182%, 12/10/13		9,991,900
	5,000,000	Wal-Mart Stores, Inc., 0.095%, 7/16/13		4,999,792
	5,000,000	Wells Fargo & Co., 0.191%, 10/21/13		4,997,044
	10,000,000	Westpac Banking Corp., 0.310%, 11/1/13 (a)		10,000,000
	Total Commercial Paper (Cost $114,950,004)			114,950,004
	U.S. Government Agencies — 20.5%
	Federal Home Loan Bank — 9.3%
	5,000,000	0.130%, 7/12/13 (b)		4,999,985
	6,000,000	0.000%, 7/31/13 (c)		5,999,675
	15,000,000	0.000%, 8/30/13 (c)		14,996,625

Principal Amount			Value
	U.S. Government Agencies — (Continued)
	Federal Home Loan Bank — (Continued)
$	4,400,000	0.093%, 9/18/13 (b)	$	4,399,644
				30,395,929
	Federal Home Loan Mortgage Corporation — 8.1%
	11,550,000	0.000%, 10/22/13 (c)		11,546,737
	15,000,000	0.000%, 11/4/13 (c)		14,994,881
				26,541,618
	Federal National Mortgage Association — 3.1%
	10,000,000	0.000%, 12/26/13 (c)		9,993,078
	Total U.S. Government Agencies (Cost $66,930,625)			66,930,625
	Municipal Bonds — 13.6%
	Kentucky — 3.0%
	9,600,000	Carroll County, KY, Solid Waste Disposal Revenue, BPB Acquisition Project, (LOC - Bank of America N.A.), AMT, 0.080%, 5/1/31 (b)		9,600,000
	New York — 1.8%
	6,000,000	New York State Local Government Assistance Corp. Revenue, Series B, (SPA - JPMorgan Chase Bank), 0.040%, 4/1/21 (b)		6,000,000
	North Carolina — 4.2%
	4,100,000	Charlotte, NC, Special Obligation Revenue, Uptown Project, (SPA - Wachovia Bank N.A.), 0.180%, 6/1/21 (b)		4,100,000

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

5

Huntington Money Market Fund (Continued)

Principal Amount			Value
	Municipal Bonds — (Continued)
	North Carolina — (Continued)
$	4,500,000	North Carolina Capital Facilities Finance Agency Education Facilities Revenue, (LOC - Branch Banking & Trust), 0.050%, 10/1/34 (b)	$	4,500,000
	5,000,000	Winston-Salem, NC, Water & Sewer Systems Revenue, Series B, (SPA - Branch Banking & Trust), 0.050%, 6/1/30 (b)		5,000,000
				13,600,000
	Ohio — 3.1%
	5,000,000	Franklin County, OH, Hospital Revenue, OhioHealth Facilities, Series B, (SPA - Barclays Bank PLC), 0.040%, 11/15/41 (b)		5,000,000
	5,000,000	Hamilton County, OH, Hospital Facilities Revenue, Children’s Hospital Medical Center, 0.060%, 5/15/37 (b)		5,000,000
				10,000,000
	Texas — 1.5%
	5,000,000	Texas State Department of Housing & Community Affairs Multifamily Housing Revenue, (LOC - Citibank N.A.), AMT, 0.070%, 5/1/40 (b)		5,000,000
	Total Municipal Bonds (Cost $44,200,000)			44,200,000
	Repurchase Agreements — 11.9%
	38,955,100	TD Securities, 0.000%, dated 6/28/13, due 7/1/13, repurchase price $38,955,100 (collateralized by U.S. Treasury Notes, 0.750%, 12/15/13, market value $39,727,133)		38,955,100
	Total Repurchase Agreements (Cost $38,955,100)			38,955,100
	Yankee Certificates of Deposit — 6.1%
	10,000,000	Bank of Montreal/Chicago, 0.733%, 10/3/13 (b)		10,012,200
	10,000,000	Bank of Nova Scotia/New York, 0.214%, 7/23/13 (b)		9,998,655
	Total Yankee Certificates of Deposit (Cost $20,010,855)			20,010,855
	Corporate Bonds — 2.0%
	Financials — 2.0%
	6,330,000	US Bancorp, MTN, 1.125%, 10/30/13		6,345,418
	Total Corporate Bonds (Cost $6,345,418)			6,345,418

Shares			Value
	Cash Equivalents — 10.7%
	30,000,000	Fidelity Institutional Money Market Portfolio, 0.120% (d)	$	30,000,000
	5,000,000	Flex-Funds - The Money Market Fund - Institutional Class, 0.140% (d)		5,000,000
	Total Cash Equivalents (Cost $35,000,000)			35,000,000
	Total Investments (Cost $326,392,002) — 100.0%			326,392,002
	Liabilities in Excess of Other Assets — (0.0)%			(79,160)
	Net Assets — 100.0%		$	326,312,842

(a) Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers.

(b) Variable or Floating Rate Security. Rate disclosed is as of June 30, 2013. Date shown represents final maturity date.

(c) Zero coupon bond.

(d) Rate disclosed is the seven day yield as of June 30, 2013.

AMT — Subject to alternative minimum tax

LOC — Letter of Credit

MTN — Medium Term Note

SPA — Standby Purchase Agreement

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

6

Huntington Ohio Municipal Money Market  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Medical		28.0%
General Obligation		26.6%
Higher Education		20.1%
Development		8.3%
Pollution		4.7%
School District		4.4%
Airport		4.1%
Cash		3.8%
Total		100.0%

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments (unaudited)

Principal Amount			Value
	Municipal Bonds — 93.4%
	Ohio — 93.4%
$	250,000	Adams County, OH, Ohio Valley Local School District, G.O., (Student Credit Program), 1.000%, 12/1/13	$	250,573
	250,000	Ashland, OH, City School District, G.O., (Student Credit Program), 2.000%, 11/1/13		251,167
	100,000	Ashland, OH, Various Purposes, G.O., (National Reinsurance), 3.750%, 12/1/13		101,327
	250,000	Bexley, OH, City School District, G.O., 2.000%, 12/1/13		251,668
	500,000	Clark County, OH, Various Purposes, G.O., 0.750%, 5/29/14		501,355
	550,000	Cleveland, OH, Cuyahoga County Port Authority Educational Facilities Revenue, Laurel School Project, (LOC - JPMorgan Chase Bank), 0.060%, 4/1/38 (a)		550,000
	2,615,000	Cleveland, OH, Cuyahoga County Port Authority Revenue, SPC Buildings 1&3 LLC, (LOC - JPMorgan Chase Bank), 0.060%, 1/1/37 (a)		2,615,000
	5,055,000	Cleveland, OH, Cuyahoga County Port Authority Revenue, Carnegie/89th Garage Project, (LOC - JPMorgan Chase Bank), 0.060%, 1/1/37 (a)		5,055,000
	200,000	Cleveland, OH, Income Tax Revenue, Public Facilities Improvement, Series A, 2.000%, 10/1/13		200,753
	4,000,000	Cleveland, OH, Waterworks Revenue, Series Q, 0.040%, 1/1/33 (a)		4,000,000

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	5,875,000	Columbus, OH, Adjusted Sanitary Sewer, G.O., Series 1, 0.030%, 12/1/26 (a)	$	5,875,000
	675,000	Columbus, OH, Franklin County Metropolitan Park District Revenue, 1.250%, 8/14/13		675,364
	370,000	Columbus, OH, Regional Airport Authority Capital Funding Revenue, (LOC - U.S. Bank N.A.), 0.050%, 12/1/36 (a)		370,000
	1,100,000	Columbus, OH, Regional Airport Authority Capital Funding Revenue,, Series A, (LOC - U.S. Bank N.A.), 0.050%, 1/1/30 (a)		1,100,000
	2,315,000	Columbus, OH, Regional Airport Authority Revenue, Series A, (LOC - U.S. Bank N.A.), 0.050%, 3/1/34 (a)		2,315,000
	1,800,000	Columbus, OH, Sewer Revenue, Series B, 0.030%, 6/1/32 (a)		1,800,000
	100,000	Columbus, OH, Various Purposes, G.O., Series A, 5.000%, 12/15/13		102,089
	250,000	Cuyahoga County, OH, Public Library Special Obligation Revenue, Series A, 2.000%, 12/1/13		251,668
	250,000	Cuyahoga County, OH, Various Purposes, G.O., Series A, 2.000%, 12/1/13		251,639
	1,200,000	Cuyahoga Falls, OH, Various Purposes, G.O., BAN, 1.000%, 12/5/13		1,203,081

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

7

Huntington Ohio Municipal Money Market Fund (Continued)

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	1,000,000	Elyria, OH, Various Purpose Improvement, G.O., 0.600%, 6/4/14	$	1,001,839
	100,000	Elyria, OH, Various Purposes, G.O., (National Reinsurance), 3.500%, 12/1/13		101,265
	145,000	Fairbanks, OH, Local School District, G.O., 1.000%, 12/1/13		145,302
	105,000	Fayette, OH, Local School District, G.O., Series A, (Student Credit Program), 1.000%, 12/1/13		105,239
	4,000,000	Franklin County, OH, Hospital Revenue, U.S. Health Corp., Series A, (LOC - Citibank N.A.), 0.050%, 12/1/21 (a)		4,000,000
	5,000,000	Franklin County, OH, Hospital Revenue, Nationwide Children’s Hospital, Series B, 0.040%, 11/1/40 (a)		5,000,000
	740,000	Franklin County, OH, Industrial Development Revenue, (SPA - JPMorgan Chase Bank), 0.080%, 11/1/14 (a)		740,000
	5,000,000	Franklin County, OH, OhioHealth Facilities Revenue, Series A, (SPA - Barclays Bank PLC), 0.040%, 11/15/41 (a)		5,000,000
	265,000	Gallipolis, OH, City School District, School Facilities Construction and Improvement, G.O., (Student Credit Program), 1.000%, 12/1/13		265,610
	50,000	Graham, OH, Local School District, School Improvement, G.O., (Student Credit Program), 1.000%, 12/1/13		50,125
	50,000	Greene County, OH, G.O., 2.250%, 12/1/13		50,366
	1,210,000	Hamilton County, OH, Hospital Facilities Revenue, Children’s Hospital Medical Center, (LOC - JPMorgan Chase Bank), 0.050%, 5/15/28 (a)		1,210,000
	1,875,000	Hamilton County, OH, Hospital Facilities Revenue, Children’s Hospital Medical Center, Series M, 0.060%, 5/15/37 (a)		1,875,000
	1,525,000	Harrison, OH, Public Infrastructure Improvements, G.O., BAN, 1.650%, 10/24/13		1,528,811
	100,000	Harrison, OH, Wastewater System Revenue, 3.000%, 11/1/13		100,835

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	250,000	Hilliard, OH, School District, G.O., 3.500%, 12/1/13	$	253,162
	265,000	Hubbard, OH, Exempt Village School District, G.O., 4.000%, 12/1/13		268,903
	50,000	Knox County, OH, Various Purposes, G.O., (AGM Ins.), 2.250%, 12/1/13		50,373
	750,000	Licking County, OH, County Road Improvement, G.O., 1.000%, 6/5/14		754,156
	50,000	Logan County, OH, Sewer Systems Improvement, G.O., (Assured Guaranty), 3.500%, 12/1/13		50,622
	100,000	Lorain, OH, Various Purposes, G.O., 2.000%, 12/1/13		100,520
	510,000	Mahoning County, OH, G.O., 1.250%, 10/15/13		510,957
	1,511,000	Maple Heights, OH, City School District, G.O., 1.250%, 4/10/14		1,517,982
	1,550,000	Marysville, OH, Various Purposes, G.O., BAN, 1.000%, 8/28/13		1,551,102
	160,000	Maumee, OH, City School District, G.O., Series B, 2.000%, 12/1/13		161,099
	500,000	Mayfield, OH, City School District, G.O., 1.750%, 6/26/14		506,130
	260,000	Medina, OH, City School District, G.O., 3.500%, 12/1/13		263,289
	1,000,000	Miami Township, OH, Montgomery County, Various Purpose Notes, G.O., 1.500%, 2/13/14		1,006,761
	115,000	Middleburg Heights, OH, Hospital Revenue, 2.000%, 8/1/13		115,141
	3,030,000	Montgomery County, OH, Revenue, Miami Valley Hospital, Series B, (SPA - Barclays Bank PLC), 0.010%, 11/15/39 (a)		3,030,000
	3,000,000	Montgomery County, OH, Revenue, Miami Valley Hospital, Series B, (SPA - JPMorgan Chase Bank), 0.010%, 11/15/45 (a)		3,000,000
	1,200,000	Montgomery County, OH, Revenue, Various Catholic Health, Series B-1, (SPA - Bank of NY Mellon), 0.050%, 3/1/27 (a)		1,200,000
	3,950,000	Montgomery County, OH, Revenue, Miami Valley Hospital, Series C, (SPA - JPMorgan Chase Bank), 0.020%, 11/15/45 (a)		3,950,000

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

8

Huntington Ohio Municipal Money Market Fund (Continued)

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	2,000,000	Montgomery County, OH, Transportation Improvement District Revenue, Austin Landing Phase II, 1.500%, 2/13/14	$	2,012,903
	1,000,000	Morrow County, OH, County Court House, G.O., BAN, 1.500%, 1/15/14		1,005,689
	140,000	New Philadelphia, OH, G.O., 1.000%, 12/1/13		140,321
	470,000	Obetz, OH, Various Purposes, G.O., 0.500%, 12/1/13		470,000
	1,060,000	Ohio State, Air Quality Development Authority Revenue, Series B, (LOC - UBS AG), 0.050%, 3/1/23 (a)		1,060,000
	5,100,000	Ohio State, Air Quality Development Authority Revenue, Series B, (LOC - Bank of Nova Scotia), 0.030%, 2/1/26 (a)		5,100,000
	2,700,000	Ohio State, Air Quality Development Authority Revenue, Series B, 0.020%, 12/1/33 (a)		2,700,000
	420,000	Ohio State, Common Schools, G.O., Series B, 0.040%, 3/15/25 (a)		420,000
	4,790,000	Ohio State, Common Schools, G.O., Series C, 0.040%, 6/15/26 (a)		4,790,000
	295,000	Ohio State, Higher Educational Facilities Revenue, Xavier University Project, (LOC - U.S. Bank N.A.), 0.050%, 5/1/15 (a)		295,000
	480,000	Ohio State, Higher Educational Facilities Revenue, Marietta College Project, (LOC - JPMorgan Chase Bank), 0.060%, 12/1/32 (a)		480,000
	1,615,000	Ohio State, Higher Educational Facilities Revenue, Ohio Dominican University Project, (LOC - JPMorgan Chase Bank), 0.060%, 12/1/37 (a)		1,615,000
	3,300,000	Ohio State, Higher Educational Facilities Revenue, Oberlin College Project, 0.050%, 10/1/48 (a)		3,300,000
	2,300,000	Ohio State, Higher Educational Facilities Revenue, Case Western Reserve, Series A, 0.020%, 10/1/22 (a)		2,300,000
	200,000	Ohio State, Higher Educational Facilities Revenue, Case Western Reserve, Series A, 0.020%, 10/1/31 (a)		200,000
	2,215,000	Ohio State, Higher Educational Facilities Revenue, Case Western Reserve, Series A, 0.020%, 10/1/31 (a)		2,215,000

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	4,000,000	Ohio State, Higher Educational Facilities Revenue, Series A, 0.070%, 11/15/31 (a)	$	4,000,000
	1,100,000	Ohio State, Higher Educational Facilities Revenue, Case Western Reserve, Series B-1, (LOC - Bank of America N.A.), 0.020%, 12/1/44 (a)		1,100,000
	3,400,000	Ohio State, Higher Educational Facilities Revenue, Case Western Reserve, Series B-2, (LOC - Bank of America N.A.), 0.020%, 12/1/44 (a)		3,400,000
	1,265,000	Ohio State, Higher Educational Facilities Revenue, Series B-4, (SPA - Huntington National Bank), 0.030%, 1/1/43 (a)		1,265,000
	4,740,000	Ohio State, Infrastructure Improvements, G.O., Series D, 0.030%, 2/1/19 (a)		4,740,000
	50,000	Ohio State, Water Development Authority Revenue, 5.000%, 12/1/13		50,934
	800,000	Ohio State, Water Development Authority Revenue, 0.010%, 10/1/33 (a)		800,000
	100,000	Ohio State, Water Development Authority Revenue, Pollution Control Facilities, Series A, 4.000%, 6/1/14		103,287
	400,000	Ohio State, Water Development Authority Revenue, Pollution Control Facilities, Series B, 0.010%, 10/1/18 (a)		400,000
	3,560,000	Ohio State University, General Receipts Revenue, 0.030%, 12/1/27 (a)		3,560,000
	3,330,000	Ohio State University, General Receipts Revenue, Series B, 0.040%, 12/1/28 (a)		3,330,000
	1,000,000	Pataskala, OH, Various Purposes, G.O., BAN, 1.250%, 11/21/13		1,003,315
	110,000	Sandy Valley, OH, Local School District, School Facilities Construction and Improvement, G.O., (Student Credit Program), 2.000%, 12/1/13		110,735
	55,000	Seneca East, OH, Local School District, G.O., (Student Credit Program), 1.000%, 12/1/13		55,137

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

9

Huntington Ohio Municipal Money Market Fund (Continued)

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	50,000	Springboro, OH, Community City School District, School Bus Acquisition, G.O., 2.000%, 12/1/13	$	50,322
	670,000	Strongsville, OH, City School District, School Improvement, G.O., 3.000%, 12/1/13		677,307
	80,000	Strongsville, OH, Various Purposes, G.O., 2.000%, 12/1/13		80,514
	1,500,000	Tipp City, OH, Various Purposes, G.O., BAN, Series C, 1.000%, 11/28/13		1,503,678
	100,000	Toledo, OH, City School District, G.O., Series B, (National Reinsurance, FGIC Ins.), 3.600%, 12/1/13		101,286
	60,000	Troy, OH, City School District, School Improvement, G.O., 2.000%, 12/1/13		60,389
	150,000	Troy, OH, City School District, G.O., (AGM Ins.), 4.000%, 12/1/13		152,209
	250,000	Trumbull County, OH, Water and Sewer Project Revenue, Series A, 3.250%, 12/1/13		252,904
	5,000,000	Union Township, OH, Clermont County, Various Purposes, G.O., BAN, 1.000%, 9/11/13		5,005,400
	250,000	University of Akron/The, Higher Education Revenue, Series A, (AGM Ins.), 3.000%, 1/1/14		253,173
	255,000	Upper Arlington, OH, Various Purposes, G.O., Series A, 1.500%, 12/1/13		256,139
	300,000	Vermilion, OH, Local School District, COP, 2.000%, 12/1/13		301,877
	90,000	Vinton County, OH, Local School District, G.O., Series A, (Student Credit Program), 2.000%, 12/1/13		90,561

Principal Amount or Shares			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	50,000	Warren County, OH, G.O., 5.000%, 12/1/13	$	50,956
	120,000	Wellington, OH, Exempt Village School District, G.O., Series A, (Student Credit Program), 1.500%, 12/1/13		120,522
	180,000	Youngstown, OH, City School District, Classroom Facilities and Improvement, G.O., (Student Credit Program), 2.000%, 12/1/13		181,131
	Total Municipal Bonds (Cost $128,345,962)			128,345,962
	Cash Equivalents — 3.7%
	5,000,000	FFI Institutional Tax-Exempt Fund 0.030% (b)		5,000,000
	53,131	Fidelity Institutional Tax-Exempt Money Market Portfolio, Class I 0.010% (b)		53,131
	Total Cash Equivalents (Cost $5,053,131)			5,053,131
	Total Investments (Cost $133,399,093) — 97.1%			133,399,093
	Other Assets in Excess of Liabilities — 2.9%			3,921,948
	Net Assets — 100.0%		$	137,321,041

(a) Variable or Floating Rate Security. Rate disclosed is as of June 30, 2013. Data shown represents final maturity date.

(b) Rate disclosed is the seven day yield as of June 30, 2013.

AGM — Assured Guaranty Municipal Corp.

BAN — Bond Anticipation Note

COP — Certificate of Participation

G.O. — General Obligation

LOC — Letter of Credit

SPA — Standby Purchase Agreement

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

10

Huntington U.S. Treasury Money Market  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
U.S. Treasury Obligations		65.9%
Repurchase Agreements		34.1%
Total		100.0%

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments (unaudited)

Principal Amount			Value
	U.S. Treasury Obligations — 65.9%
	U.S. Treasury Bills — 40.7%
$	84,593,000	0.020%, 7/5/13	$	84,592,767
	12,182,000	0.040%, 7/11/13		12,181,858
	70,000,000	0.100%, 7/25/13		69,995,133
	16,030,000	0.100%, 8/1/13		16,028,585
	25,000,000	0.120%, 8/8/13		24,996,833
	25,000,000	0.110%, 8/15/13		24,996,719
	5,000,000	0.170%, 8/22/13		4,998,783
	25,000,000	0.120%, 9/12/13		24,994,170
	70,000,000	0.090%, 9/19/13		69,985,389
	100,000,000	0.070%, 10/3/13		99,981,514
	16,095,000	0.090%, 10/10/13		16,090,823
	30,000,000	0.090%, 10/17/13		29,992,072
	25,000,000	0.070%, 11/7/13		24,993,729
	15,000,000	0.110%, 11/14/13		14,994,116
	25,000,000	0.070%, 11/21/13		24,993,455
	4,159,000	0.070%, 12/5/13		4,157,696
	25,000,000	0.110%, 12/26/13		24,987,021
				572,960,663
	U.S. Treasury Notes — 25.2%
	40,000,000	1.000%, 7/15/13		40,013,778
	15,000,000	0.375%, 7/31/13		15,003,082
	100,000,000	0.750%, 8/15/13		100,082,044
	90,000,000	0.750%, 9/15/13		90,124,802
	10,000,000	0.125%, 9/30/13		9,998,597
	75,000,000	0.500%, 10/15/13		75,092,899
	25,000,000	0.750%, 12/15/13		25,074,954
				355,390,156
	Total U.S. Treasury Obligations (Cost $928,350,819)			928,350,819

Principal Amount			Value
	Repurchase Agreements — 34.0%
$	140,000,000	Goldman Sachs, 0.04%, dated 6/24/13, due 7/2/13, repurchase price $140,001,244 (collateralized by U.S. Treasury Notes, 0.625%, 9/30/17, market value $143,515,049)	$	140,000,000
	50,000,000	Morgan Stanley, 0.10%, dated 6/28/13, due 7/1/13, repurchase price $50,000,417 (collateralized by U.S. Treasury Notes, 1.000%, 8/31/16, market value $51,258,409)		50,000,000
	140,000,000	TD Securities, 0.06%, dated 6/26/13, due 7/3/13, repurchase price $140,001,633 (collateralized by U.S. Treasury Notes, 1.250%, 2/29/20, market value $142,484,650)		140,000,000
	150,000,000	TD Securities, 0.10%, dated 6/28/13, due 7/5/13, repurchase price $150,002,917 (collateralized by U.S. Treasury Notes, 2.250%, 5/31/14, market value $152,789,317)		150,000,000
	Total Repurchase Agreements (Cost $480,000,000)			480,000,000
	Total Investments (Cost $1,408,350,819) — 99.9%			1,408,350,819
	Other Assets in Excess of Liabilities — 0.1%			729,861
	Net Assets — 100.0%		$	1,409,080,680

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

11

Huntington Disciplined Equity  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Information Technology		17.4%
Cash1		16.1%
Financials		11.9%
Energy		11.6%
Health Care		9.2%
Industrials		8.8%
Consumer Staples		8.1%
Consumer Discretionary		7.3%
Materials		5.1%
Telecommunication Services		2.4%
Utilities		1.2%
Options Purchased		0.7%
Exchange-Traded Funds		0.2%
Total		100.0%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments Summary Table and the Portfolio of Investments are broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (unaudited)

Shares			Value
	Common Stocks — 83.5%
	Consumer Discretionary — 7.4%
	30,600	Comcast Corp., Class A (a)	$	1,281,528
	42,000	Ford Motor Co. (a)		649,740
	16,900	Lowe’s Companies, Inc. (a)		691,210
	11,000	McDonald’s Corp. (a)		1,089,000
	12,200	Starbucks Corp. (a)		798,978
	22,200	Target Corp. (a)		1,528,692
	21,700	Walt Disney Co./The (a)		1,370,355
				7,409,503
	Consumer Staples — 8.2%
	22,000	Altria Group, Inc. (a)		769,780
	9,900	Coca-Cola Co./The (a)		397,089
	12,600	Colgate-Palmolive Co. (a)		721,854
	8,800	Costco Wholesale Corp. (a)		973,016
	21,000	Kroger Co./The (a)		725,340
	19,300	Mondelez International, Inc., Class A (a)		550,629
	23,100	PepsiCo, Inc. (a)		1,889,349
	18,000	Philip Morris International, Inc. (a)		1,559,160
	7,800	Procter & Gamble Co. (a)		600,522
				8,186,739
	Energy — 11.7%
	9,300	Apache Corp. (a)		779,619
	12,800	Baker Hughes, Inc. (a)		590,464
	13,700	ConocoPhillips (a)		828,850

Shares			Value
	Common Stocks — (Continued)
	Energy — (Continued)
	4,500	Devon Energy Corp. (a)	$	233,460
	45,100	Exxon Mobil Corp. (a)		4,074,785
	12,000	Halliburton Co. (a)		500,640
	7,200	Magellan Midstream Partners LP (a)		392,400
	1,500	National Oilwell Varco, Inc. (a)		103,350
	12,500	Occidental Petroleum Corp. (a)		1,115,375
	12,850	Phillips 66 (a)		756,993
	24,000	Schlumberger Ltd. (a)		1,719,840
	17,800	Valero Energy Corp. (a)		618,906
				11,714,682
	Financials — 12.0%
	97,000	Bank of America Corp. (a)		1,247,420
	7,000	Bank of New York Mellon Corp./The (a)		196,350
	6,500	Berkshire Hathaway, Inc., Class B (a) *		727,480
	8,000	Citigroup, Inc. (a)		383,760
	40,000	Fifth Third Bancorp (a)		722,000
	2,200	Goldman Sachs Group, Inc./The (a)		332,750
	45,500	JPMorgan Chase & Co. (a)		2,401,945
	27,100	MetLife, Inc. (a)		1,240,096
	30,000	Morgan Stanley (a)		732,900
	17,000	State Street Corp. (a)		1,108,570
	20,500	U.S. Bancorp (a)		741,075
	54,000	Wells Fargo & Co. (a)		2,228,580
				12,062,926

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

12

Huntington Disciplined Equity Fund (Continued)

Shares			Value
	Common Stocks — (Continued)
	Health Care — 9.2%
	11,000	Amgen, Inc. (a)	$	1,085,260
	25,100	Baxter International, Inc. (a)		1,738,677
	15,000	Johnson & Johnson (a)		1,287,900
	25,000	Medtronic, Inc. (a)		1,286,750
	32,000	Merck & Co., Inc. (a)		1,486,400
	85,400	Pfizer, Inc. (a)		2,392,054
				9,277,041
	Industrials — 8.8%
	11,800	3M Co. (a)		1,290,330
	7,500	Caterpillar, Inc. (a)		618,675
	22,000	Eaton Corp. PLC (a)		1,447,820
	2,500	FedEx Corp. (a)		246,450
	5,500	General Dynamics Corp. (a)		430,815
	90,000	General Electric Co. (a)		2,087,100
	10,500	Illinois Tool Works, Inc. (a)		726,285
	3,000	Norfolk Southern Corp. (a)		217,950
	10,000	United Parcel Service, Inc., Class B (a)		864,800
	10,000	United Technologies Corp. (a)		929,400
				8,859,625
	Information Technology — 17.5%
	5,000	Accenture PLC, Class A (a)		359,800
	10,000	Broadcom Corp., Class A (a)		337,600
	94,500	Cisco Systems, Inc. (a)		2,297,295
	16,000	eBay, Inc. (a) *		827,520
	52,100	EMC Corp. (a) *		1,230,602
	3,000	Google, Inc., Class A (a) *		2,641,110
	50,000	Intel Corp. (a)		1,211,000
	12,200	International Business Machines Corp. (a)		2,331,542
	1,000	MasterCard, Inc., Class A (a)		574,500
	85,000	Microsoft Corp. (a)		2,935,050
	43,000	Oracle Corp. (a)		1,320,960
	18,500	QUALCOMM, Inc. (a)		1,129,980
	10,000	Texas Instruments, Inc. (a)		348,700
				17,545,659
	Materials — 5.1%
	10,000	Dow Chemical Co./The (a)		321,700
	8,200	Du Pont (E.I.) de Nemours & Co. (a)		430,500
	51,200	Freeport-McMoRan Copper & Gold, Inc. (a)		1,413,632
	2,000	Monsanto Co. (a)		197,600
	29,300	Olin Corp. (a)		700,856
	15,400	Praxair, Inc. (a)		1,773,464
	4,200	Syngenta AG ADR (a)		327,012
				5,164,764
	Telecommunication Services — 2.4%
	68,700	AT&T, Inc. (a)		2,431,980

Shares or Contracts			Value
	Common Stocks — (Continued)
	Utilities — 1.2%
	6,900	Exelon Corp. (a)	$	213,072
	12,700	Sempra Energy (a)		1,038,352
				1,251,424
	Total Common Stocks (Cost $70,394,528)			83,904,343
	Options Purchased — 0.7%
	1,000	CBOE Volatility Index, Call @ 14, Expiring July 2013, 7/17/13 (a)		405,000
	1,000	SPDR S&P 500 ETF, Put @ 160, Expiring July 2013, 7/26/13 (b)		260,000
	Total Options Purchased (Cost $692,021)			665,000
	Exchange-Traded Funds — 0.2%
	6,400	Utilities Select Sector SPDR Fund		240,832
	Total Exchange-Traded Funds (Cost $196,570)			240,832
	Cash Equivalents — 16.2%
	16,248,821	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (c) (d)		16,248,821
	Total Cash Equivalents (Cost $16,248,821)			16,248,821
	Total Investments (Cost $87,531,940) — 100.6%			101,058,996
	Liabilities in Excess of Other Assets — (0.6)%			(565,170)
	Net Assets — 100.0%		$	100,493,826

(a) All or a portion of the security is held as collateral for written call options.

(b) All or a portion of the security is held as collateral for written put options.

(c) Investment in affiliate.

(d) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

ADR — American Depositary Receipt

CBOE — Chicago Board Options Exchange

ETF — Exchange-Traded Fund

SPDR — Standard & Poor’s Depositary Receipts

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

13

Huntington Dividend Capture  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Financials		24.8%
Energy		13.9%
Short-Term Securities Held as Collateral for Securities Lending		9.4%
Real Estate Investment Trusts		9.1%
Industrials		7.8%
Information Technology		5.7%
Utilities		5.7%
Consumer Staples		5.1%
Health Care		4.9%
Cash1		3.2%
Telecommunication Services		3.0%
Consumer Discretionary		2.9%
Materials		2.3%
Exchange-Traded Funds		2.2%
Total		100.0%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments Summary Table and the Portfolio of Investments are broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (unaudited)

Shares			Value
	Common Stocks — 72.3%
	Consumer Discretionary — 3.2%
	41,750	Comcast Corp., Class A	$	1,748,490
	19,000	Gentex Corp.		437,950
	24,500	Genuine Parts Co.		1,912,715
	51,500	Leggett & Platt, Inc.		1,601,135
	13,750	Time Warner Cable, Inc., Class A		1,546,600
				7,246,890
	Consumer Staples — 5.6%
	66,500	Colgate-Palmolive Co.		3,809,785
	48,500	ConAgra Foods, Inc.		1,694,105
	34,000	Kellogg Co.		2,183,820
	28,500	Kimberly-Clark Corp.		2,768,490
	30,000	Wal-Mart Stores, Inc.		2,234,700
				12,690,900
	Energy — 15.3%
	81,750	BP PLC ADR		3,412,245
	23,000	Chevron Corp.		2,721,820
	45,000	ConocoPhillips		2,722,500
	171,500	Crosstex Energy LP (a)		3,536,330
	52,000	El Paso Pipeline Partners LP (b)		2,270,840
	120,000	Enbridge Energy Partners LP (b)		3,658,800
	51,750	Exxon Mobil Corp.		4,675,612
	37,000	Linn Energy LLC (b)		1,227,660
	22,000	Magellan Midstream Partners LP (b)		1,199,000

Shares			Value
	Common Stocks — (Continued)
	Energy — (Continued)
	50,750	Murphy Oil Corp.	$	3,090,167
	51,000	Royal Dutch Shell PLC ADR		3,253,800
	41,500	Schlumberger Ltd.		2,973,890
				34,742,664
	Financials — 15.1%
	23,000	Bank of Montreal (b)		1,334,690
	42,250	Brown & Brown, Inc.		1,362,140
	104,000	Community Bank System, Inc. (b)		3,208,400
	53,000	Cullen/Frost Bankers, Inc. (b)		3,538,810
	55,000	Federated Investors, Inc., Class B (b)		1,507,550
	125,000	FNB Corp. (b)		1,510,000
	116,500	Fulton Financial Corp.		1,337,420
	74,500	JPMorgan Chase & Co. (a)		3,932,855
	14,500	Northern Trust Corp.		839,550
	113,500	Northwest Bancshares, Inc.		1,533,385
	28,000	Old National Bancorp		387,240
	11,500	Torchmark Corp.		749,110
	20,000	Toronto-Dominion Bank (b)		1,607,400
	106,250	Trustmark Corp. (b)		2,611,625
	93,500	U.S. Bancorp		3,380,025
	95,000	Unum Group		2,790,150
	54,500	Washington Federal, Inc.		1,028,960
	38,500	Wells Fargo & Co.		1,588,895
				34,248,205

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

14

Huntington Dividend Capture Fund (Continued)

Shares			Value
	Common Stocks — (Continued)
	Health Care — 5.4%
	63,500	AstraZeneca PLC ADR	$	3,003,550
	23,000	Baxter International, Inc.		1,593,210
	22,750	Becton, Dickinson & Co.		2,248,383
	64,750	Merck & Co., Inc.		3,007,637
	53,500	St. Jude Medical, Inc.		2,441,205
				12,293,985
	Industrials — 7.6%
	14,500	3M Co.		1,585,575
	26,500	Cintas Corp.		1,206,810
	55,500	CSX Corp.		1,287,045
	22,500	Dover Corp.		1,747,350
	189,750	General Electric Co.		4,400,302
	56,500	Harsco Corp.		1,310,235
	40,000	Rockwell Automation, Inc.		3,325,600
	63,000	Waste Management, Inc.		2,540,790
				17,403,707
	Information Technology — 6.3%
	53,750	Cisco Systems, Inc.		1,306,663
	62,750	Harris Corp.		3,090,437
	71,500	Intel Corp.		1,731,730
	63,250	Microsoft Corp.		2,184,023
	97,000	Molex, Inc.		2,845,980
	88,000	Taiwan Semiconductor Manufacturing Co. Ltd. ADR		1,612,160
	64,000	Total System Services, Inc.		1,566,720
				14,337,713
	Materials — 2.6%
	98,000	Freeport-McMoRan Copper & Gold, Inc. (a)		2,705,780
	90,000	Sonoco Products Co.		3,111,300
				5,817,080
	Real Estate Investment Trusts — 5.8%
	82,000	Associated Estates Realty Corp.		1,318,560
	26,000	EastGroup Properties, Inc.		1,463,020
	20,000	HCP, Inc.		908,800
	22,000	Highwoods Properties, Inc.		783,420
	30,000	Home Properties, Inc.		1,961,100
	96,500	Kimco Realty Corp.		2,067,995
	33,500	Liberty Property Trust		1,238,160
	53,500	Mack-Cali Realty Corp.		1,310,215
	17,000	Mid-America Apartment Communities, Inc.		1,152,090
	18,500	National Retail Properties, Inc. (b)		636,400
	15,000	Senior Housing Properties Trust		388,950
				13,228,710
	Telecommunication Services — 2.1%
	114,750	AT&T, Inc.		4,062,150
	15,000	Verizon Communications, Inc.		755,100
				4,817,250

Shares			Value
	Common Stocks — (Continued)
	Utilities — 3.3%
	80,250	CenterPoint Energy, Inc.	$	1,885,073
	73,000	PG&E Corp.		3,338,290
	139,000	TECO Energy, Inc.		2,389,410
				7,612,773
	Total Common Stocks (Cost $151,307,064)			164,439,877
	Preferred Stocks — 21.4%
	Financials — 12.1%
	100,000	Allstate Corp./The, 5.100%		2,559,000
	100,000	American Financial Group, Inc., 7.000%		2,640,000
	80,000	Ameriprise Financial, Inc., 7.750%		2,106,400
	85,000	Axis Capital Holdings Ltd., Series C, 6.875%		2,221,900
	65,000	BB&T Corp., 5.850%		1,628,900
	95,000	Charles Schwab Corp./The, Series B, 6.000%		2,417,750
	145,000	JPMorgan Chase Capital XXIX, 6.700%		3,677,200
	70,000	KKR Financial Holdings LLC, 8.375%		1,941,800
	71,750	PartnerRe Ltd., Series E, 7.250%		1,944,425
	110,000	Raymond James Financial, Inc., 6.900%		2,911,700
	125,000	Wells Fargo & Co., Series J, 8.000%		3,617,500
				27,666,575
	Industrials — 1.0%
	90,000	Stanley Black & Decker, Inc., 5.750%		2,201,400
	Real Estate Investment Trusts — 4.2%
	77,479	Kimco Realty Corp., Series H, 6.900%		1,985,787
	107,000	PS Business Parks, Inc., Series S, 6.450%		2,691,050
	80,000	Realty Income Corp., Series F, 6.625%		2,060,000
	105,000	Vornado Realty LP, 7.875%		2,775,150
				9,511,987
	Telecommunication Services — 1.2%
	100,000	Qwest Corp., 7.500%		2,667,000
	Utilities — 2.9%
	115,000	Dominion Resources, Inc., Class A, 8.375%		3,023,350
	135,000	NextEra Energy Capital Holdings, Inc., Series F, 8.750%		3,546,450
				6,569,800
	Total Preferred Stocks (Cost $50,146,645)			48,616,762
	Exchange-Traded Funds — 2.4%
	Funds — 2.4%
	82,750	SPDR S&P Dividend ETF (b)		5,486,325
	Total Exchange-Traded Funds (Cost $5,196,861)			5,486,325

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

15

Huntington Dividend Capture Fund (Continued)

Shares			Value
	Cash Equivalents — 3.5%
	8,029,449	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (c) (d)	$	8,029,449
	Total Cash Equivalents (Cost $8,029,449)			8,029,449
	Short-Term Securities Held as Collateral for Securities Lending — 10.3%
	23,475,352	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (d)		23,475,352
	Total Short-Term Securities Held as Collateral for Securities Lending (Cost $23,475,352)			23,475,352
	Total Investments (Cost $238,155,371) — 109.9%			250,047,765
	Liabilities in Excess of Other Assets — (9.9)%			(22,573,278)
	Net Assets — 100.0%		$	227,474,487

(a) All or a portion of the security is held as collateral for written call options.

(b) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $22,914,588.

(c) Investment in affiliate.

(d) Rate disclosed is the seven day yield as of June 30, 2013.

ADR — American Depositary Receipt

ETF — Exchange-Traded Fund

SPDR — Standard & Poor’s Depositary Receipts

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

16

Huntington Global Select Markets  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
China		17.8%
Republic of South Korea		16.3%
Brazil		10.5%
Taiwan		9.0%
India		8.2%
Indonesia		6.5%
Poland		5.0%
Turkey		4.0%
Hong Kong		3.8%
Malaysia		3.8%
Cash1		3.7%
United States		3.3%
Exchange-Traded Funds		2.0%
Mexico		1.7%
Philippines		1.4%
Cayman Islands		1.3%
Short-Term Securities Held as Collateral for Securities Lending		1.1%
Corporate Bonds		0.6%
Total		100.0%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments is broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (unaudited)

Shares			Value
	Common Stocks — 91.0%
	Brazil — 10.6%
	Consumer Staples — 4.2%
	29,500	BRF - Brasil Foods SA ADR	$	640,445
	12,000	Cia Brasileira de Distribuicao Grupo Pao de Acucar		537,809
				1,178,254
	Financials — 3.7%
	110,000	BM&FBOVESPA SA		604,347
	33,000	Itau Unibanco Holding SA ADR		426,360
				1,030,707
	Materials — 1.8%
	88,000	Duratex SA		502,801
	Utilities — 0.9%
	25,500	Cia de Saneamento Basico do Estado de Sao Paulo		263,285
				2,975,047

Shares			Value
	Common Stocks — (Continued)
	Cayman Islands — 1.3%
	Consumer Discretionary — 1.3%
	137,300	Wynn Macau Ltd. *	$	371,749
	China — 18.0%
	Consumer Discretionary — 3.9%
	116,500	Great Wall Motor Co. Ltd.		502,438
	220,000	MGM China Holdings Ltd. *		587,155
				1,089,593
	Energy — 2.3%
	1,850	CNOOC Ltd. ADR		309,838
	3,000	PetroChina Co. Ltd. ADR (a)		332,010
				641,848
	Financials — 5.3%
	1,000,000	Bank of China Ltd.		411,292
	1,000,000	China Construction Bank Corp.		707,836
	56,000	Ping An Insurance Group Co. of China Ltd.		376,893
				1,496,021

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

17

Huntington Global Select Markets Fund (Continued)

Shares			Value
	Common Stocks — (Continued)
	China — (Continued)
	Industrials — 2.6%
	850,000	China Railway Construction Corp. Ltd.	$	738,650
	Information Technology — 1.8%
	12,500	Tencent Holdings Ltd.		490,263
	Utilities — 2.1%
	600,000	Huaneng Power International, Inc.		594,118
				5,050,493
	Hong Kong — 3.8%
	Consumer Discretionary — 1.8%
	325,000	Haier Electronics Group Co. Ltd.		517,919
	Health Care — 2.0%
	850,000	Sino Biopharmaceutical Ltd.		551,248
				1,069,167
	India — 8.2%
	Energy — 1.5%
	30,000	Reliance Industries Ltd.		434,669
	Financials — 0.9%
	80,000	Rural Electrification Corp. Ltd.		269,757
	Health Care — 2.1%
	34,500	Sun Pharmaceutical Industries Ltd.		586,184
	Information Technology — 2.0%
	22,000	Tata Consultancy Services Ltd.		561,003
	Materials — 1.7%
	6,000	Asian Paints Ltd.		467,271
				2,318,884
	Indonesia — 6.0%
	Financials — 1.2%
	370,000	Bank Mandiri Persero Tbk PT		335,516
	Materials — 1.4%
	1,600,000	Holcim Indonesia Tbk PT		394,962
	Telecommunication Services — 1.5%
	10,000	Telekomunikasi Indonesia Persero Tbk PT ADR		427,400
	Utilities — 1.9%
	900,000	Perusahaan Gas Negara PT		521,411
				1,679,289
	Malaysia — 2.2%
	Consumer Staples — 2.2%
	700,000	Oldtown Berhad		609,081
	Mexico — 1.7%
	Consumer Discretionary — 1.7%
	200,000	Alsea SAB de CV		474,129

Shares			Value
	Common Stocks — (Continued)
	Philippines — 1.4%
	Utilities — 1.4%
	970,000	First Gen Corp. *	$	382,421
	Poland — 5.0%
	Financials — 5.0%
	580,000	Bank Millennium SA *		909,304
	11,000	Bank Pekao SA		496,509
				1,405,813
	Republic of South Korea — 16.4%
	Consumer Discretionary — 2.4%
	43,000	Dong Ah Tire & Rubber Co. Ltd.		689,296
	Consumer Staples — 2.3%
	1,300	LG Household & Health Care Ltd.		635,424
	Financials — 6.8%
	75,480	Korean Reinsurance Co.		694,236
	6,000	Samsung Life Insurance Co. Ltd.		567,624
	20,000	Shinhan Financial Group Co. Ltd.		658,725
				1,920,585
	Industrials — 2.5%
	7,000	CJ Corp.		695,953
	Information Technology — 2.4%
	575	Samsung Electronics Co. Ltd.		675,937
				4,617,195
	Taiwan — 9.1%
	Consumer Discretionary — 2.6%
	100,000	Eclat Textile Co. Ltd.		735,758
	Financials — 2.7%
	557,687	Fubon Financial Holding Co. Ltd.		756,735
	Information Technology — 1.3%
	20,000	Taiwan Semiconductor Manufacturing Co. Ltd. ADR		366,400
	Materials — 2.5%
	564,948	Asia Cement Corp.		692,463
				2,551,356
	Turkey — 4.0%
	Consumer Staples — 2.0%
	38,000	Anadolu Efes Biracilik ve Malt Sanayii AS		551,667
	Industrials — 2.0%
	47,000	Yazicilar Holding AS		575,102
				1,126,769
	United States — 3.3%
	Consumer Staples — 1.3%
	12,500	Mondelez International, Inc., Class A		356,625

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

18

Huntington Global Select Markets Fund (Continued)

Shares			Value
	Common Stocks — (Continued)
	United States — (Continued)
	Information Technology — 2.0%
	1,000	MasterCard, Inc., Class A	$	574,500
				931,125
	Total Common Stocks (Cost $25,719,876)			25,562,518
	Exchange-Traded Funds — 3.7%
	29,500	iShares MSCI Malaysia ETF		458,725
	15,000	iShares MSCI Emerging Markets ETF		578,550
	Total Exchange-Traded Funds (Cost $1,010,867)			1,037,275
	Corporate Bonds — 0.5%
	Multi-Nationals — 0.5%
	350,000	European Bank for Reconstruction & Development, Series E, MTN, 9.500%, 11/6/13 (b)		157,018
	Total Corporate Bonds (Cost $192,763)			157,018
	Foreign Government Bonds — 0.6%
	Indonesia — 0.6%
	1,700,000,000	Indonesian Government, Series FR55, 7.375%, 9/15/16 (c)		175,402
	Total Foreign Government Bonds (Cost $201,677)			175,402
	Cash Equivalents — 3.8%
	1,062,247	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (d) (e)		1,062,247
	Total Cash Equivalents (Cost $1,062,247)			1,062,247

Shares			Value
	Short-Term Securities Held as Collateral for Securities Lending — 1.1%
	306,390	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (e)	$	306,390
	Total Short-Term Securities Held as Collateral for Securities Lending (Cost $306,390)			306,390
	Total Investments (Cost $28,493,820) — 100.7%			28,300,850
	Liabilities in Excess of Other Assets — (0.7)%			(205,037)
	Net Assets — 100.0%		$	28,095,813

(a) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $320,943.

(b) Foreign-denominated security. Principal amount is reported in Indonesian Rupiah.

(c) Foreign-denominated security. Principal amount is reported in applicable country’s currency.

(d) Investment in affiliate.

(e) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

ADR — American Depositary Receipt

ETF — Exchange-Traded Fund

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

19

Huntington Income Equity  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Energy		15.5%
Financials		14.7%
Short-Term Securities Held as Collateral for Securities Lending		11.2%
Information Technology		9.8%
Industrials		9.8%
Health Care		7.7%
Consumer Staples		6.9%
Real Estate Investment Trusts		6.3%
Consumer Discretionary		5.1%
Utilities		4.9%
Materials		4.0%
Telecommunication Services		3.2%
Cash1		0.9%
Total		100.0%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments Summary Table and the Portfolio of Investments are broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (unaudited)

Shares			Value
Common Stocks — 99.0%
	Consumer Discretionary — 5.8%
	49,000	Comcast Corp., Class A (a)	$	2,052,120
	132,000	Ford Motor Co. (a)		2,042,040
	90,500	Shaw Communications, Inc., Class B (b)		2,174,715
	61,500	Thomson Reuters Corp.		2,003,055
				8,271,930
	Consumer Staples — 7.8%
	57,500	Altria Group, Inc.		2,011,925
	58,500	ConAgra Foods, Inc.		2,043,405
	40,900	General Mills, Inc.		1,984,877
	20,700	Kimberly-Clark Corp.		2,010,798
	29,900	Unilever PLC ADR		1,209,455
	43,500	Walgreen Co. (a)		1,922,700
				11,183,160
	Energy — 17.5%
	47,300	BP PLC ADR		1,974,302
	19,500	Chevron Corp.		2,307,630
	18,300	China Petroleum & Chemical Corp. ADR		1,674,450
	37,900	ConocoPhillips		2,292,950
	42,700	Eni SpA ADR (b)		1,752,408
	38,700	Enterprise Products Partners LP (b)		2,405,205
	11,300	Exxon Mobil Corp.		1,020,955
	69,000	Marathon Oil Corp. (a)		2,386,020

Shares			Value
	Common Stocks — (Continued)
	Energy — (Continued)
	22,500	Occidental Petroleum Corp.	$	2,007,675
	29,900	Royal Dutch Shell PLC ADR		1,907,620
	41,100	Total SA ADR (b)		2,001,570
	39,400	TransCanada Corp.		1,698,534
	48,400	Valero Energy Corp. (a)		1,682,868
				25,112,187
	Financials — 16.5%
	36,800	Aflac, Inc.		2,138,816
	35,000	Bank of Montreal (b)		2,031,050
	32,200	Bank of Nova Scotia (b)		1,724,310
	100,000	Blackstone Group LP (a)		2,106,000
	25,400	Canadian Imperial Bank of Commerce (b)		1,802,892
	124,000	Fifth Third Bancorp		2,238,200
	38,200	HSBC Holdings PLC ADR		1,982,580
	44,400	JPMorgan Chase & Co.		2,343,876
	32,300	Royal Bank of Canada		1,883,413
	96,000	SLM Corp.		2,194,560
	28,900	Travelers Cos., Inc./The		2,309,688
	24,100	Wells Fargo & Co.		994,607
				23,749,992
	Health Care — 8.7%
	45,200	AbbVie, Inc. (a)		1,868,568
	38,100	AstraZeneca PLC ADR		1,802,130

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

20

Huntington Income Equity Fund (Continued)

Shares			Value
	Common Stocks — (Continued)
	Health Care — (Continued)
	31,800	Cardinal Health, Inc.	$	1,500,960
	33,900	Eli Lilly & Co. (a)		1,665,168
	40,000	GlaxoSmithKline PLC ADR		1,998,800
	40,700	Merck & Co., Inc.		1,890,515
	63,500	Pfizer, Inc.		1,778,635
				12,504,776
	Industrials — 11.0%
	11,400	3M Co.		1,246,590
	92,500	ABB Ltd. ADR (b)		2,003,550
	23,800	Deere & Co.		1,933,750
	32,700	Eaton Corp. PLC (a)		2,151,987
	93,500	General Electric Co.		2,168,265
	25,900	Honeywell International, Inc.		2,054,906
	66,188	Koninklijke (Royal) Philips Electronics NV (b)		1,799,662
	60,500	Waste Management, Inc.		2,439,965
				15,798,675
	Information Technology — 11.0%
	4,900	Apple, Inc. (a)		1,940,792
	54,500	CA, Inc.		1,560,335
	49,100	Canon, Inc. ADR		1,613,917
	89,500	Cisco Systems, Inc.		2,175,745
	101,000	Hewlett-Packard Co. (a)		2,504,800
	89,500	Intel Corp.		2,167,690
	53,000	Paychex, Inc. (b)		1,935,560
	56,000	Texas Instruments, Inc.		1,952,720
				15,851,559
	Materials — 4.5%
	25,200	Air Products & Chemicals, Inc.		2,307,564
	56,500	Dow Chemical Co./The		1,817,605
	36,100	Lyondellbasell Industries N.V. (a)		2,391,986
				6,517,155
	Real Estate Investment Trusts — 7.1%
	43,700	HCP, Inc.		1,985,728
	30,200	Health Care REIT, Inc.		2,024,306
	82,000	Hospitality Properties Trust		2,154,960
	94,500	Kimco Realty Corp.		2,025,135
	85,000	Mack-Cali Realty Corp.		2,081,650
				10,271,779

Shares			Value
	Common Stocks — (Continued)
	Telecommunication Services — 3.5%
	48,500	AT&T, Inc.	$	1,716,900
	34,200	Verizon Communications, Inc.		1,721,628
	213,000	Windstream Corp. (b)		1,642,230
				5,080,758
	Utilities — 5.6%
	28,900	Entergy Corp.		2,013,752
	52,000	FirstEnergy Corp.		1,941,680
	43,800	PG&E Corp.		2,002,974
	67,000	PPL Corp.		2,027,420
				7,985,826
	Total Common Stocks (Cost $126,836,396)			142,327,797
	Cash Equivalents — 1.0%
	1,427,059	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (c) (d)		1,427,059
	Total Cash Equivalents (Cost $1,427,059)			1,427,059
	Short-Term Securities Held as Collateral for Securities Lending — 12.6%
	18,129,042	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (d)		18,129,042
	Total Short-Term Securities Held as Collateral for Securities Lending (Cost $18,129,042)			18,129,042
	Total Investments (Cost $146,392,497) — 112.6%			161,883,898
	Liabilities in Excess of Other Assets — (12.6)%			(18,061,813)
	Net Assets — 100.0%		$	143,822,085

(a) All or a portion of the security is held as collateral for written call options.

(b) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $17,802,079.

(c) Investment in affiliate.

(d) Rate disclosed is the seven day yield as of June 30, 2013.

ADR — American Depositary Receipt

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

21

Huntington International Equity  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Japan		21.6%
United Kingdom		21.5%
Germany		7.6%
France		6.7%
Switzerland		6.0%
Singapore		5.9%
Sweden		5.5%
United States		5.4%
Australia		2.9%
Spain		2.2%
Canada		2.1%
Belgium		2.0%
Hong Kong		2.0%
Short-Term Securities Held as Collateral for Securities Lending		1.6%
Italy		1.5%
Norway		1.3%
Cash1		1.3%
Taiwan		1.3%
Netherlands		0.9%
Denmark		0.7%
Total		100.0%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments is broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (unaudited)

Shares			Value
	Common Stocks — 97.1%
	Australia — 2.9%
	Consumer Staples — 0.9%
	72,000	Wesfarmers Ltd.	$	2,607,288
	Financials — 2.0%
	280,000	Suncorp Group Ltd.		3,052,078
	112,000	Westpac Banking Corp.		2,957,853
				6,009,931
				8,617,219
	Belgium — 2.0%
	Consumer Staples — 2.0%
	65,000	Anheuser-Busch InBev NV		5,786,333
	Canada — 2.1%
	Consumer Discretionary — 1.1%
	45,000	Dollarama, Inc.		3,149,465

Shares			Value
	Common Stocks — (Continued)
	Canada — (Continued)
	Industrials — 1.0%
	30,000	Canadian National Railway Co.	$	2,920,846
				6,070,311
	Denmark — 0.7%
	Health Care — 0.7%
	14,000	Novo-Nordisk A/S ADR		2,169,580
	France — 6.8%
	Financials — 4.6%
	328,900	AXA SA ADR		6,476,041
	82,011	BNP Paribas (a)		4,480,848
	300,000	Credit Agricole SA *		2,578,458
				13,535,347

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

22

Huntington International Equity Fund (Continued)

Shares			Value
	Common Stocks — (Continued)
	France — (Continued)
	Health Care — 2.2%
	61,000	Sanofi-Aventis	$	6,321,926
				19,857,273
	Germany — 7.6%
	Financials — 1.5%
	30,000	Allianz SE		4,383,339
	Health Care — 1.1%
	30,000	Bayer AG *		3,199,349
	Industrials — 3.7%
	165,000	GEA Group AG		5,848,292
	48,700	Siemens AG		4,922,297
				10,770,589
	Materials — 1.3%
	45,000	BASF SE		4,019,980
				22,373,257
	Hong Kong — 2.0%
	Financials — 2.0%
	687,000	Wharf (Holdings) Ltd./The		5,775,164
	Italy — 1.5%
	Energy — 1.5%
	210,000	Eni SpA		4,313,440
	Japan — 20.7%
	Consumer Discretionary — 5.3%
	150,000	Denso Corp.		7,054,998
	160,000	Honda Motor Co. Ltd.		5,944,447
	20,000	Toyota Motor Corp. ADR		2,413,200
				15,412,645
	Consumer Staples — 1.8%
	66,644	Unicharm Corp.		3,769,449
	32,800	Welcia Holdings Co. Ltd.		1,503,010
				5,272,459
	Financials — 3.2%
	180,000	Mitsubishi Estate Co. Ltd.		4,792,862
	100,000	Sumitomo Mitsui Financial Group, Inc.		4,587,387
				9,380,249
	Industrials — 4.4%
	400,000	KUBOTA Corp.		5,839,593
	128,000	Makita Corp.		6,917,175
				12,756,768
	Information Technology — 3.2%
	15,680	KEYENCE Corp.		5,003,498
	57,000	Murata Manufacturing Co. Ltd.		4,338,862
				9,342,360

Shares			Value
	Common Stocks — (Continued)
	Japan — (Continued)
	Materials — 1.2%
	260,000	Kuraray Co. Ltd.	$	3,648,939
	Telecommunication Services — 1.6%
	80,000	Softbank Corp.		4,670,061
				60,483,481
	Netherlands — 0.9%
	Materials — 0.9%
	40,000	Lyondellbasell Industries N.V.		2,650,400
	Norway — 1.4%
	Materials — 1.4%
	1,000,000	Norsk Hydro ASA (a)		3,990,511
	Singapore — 5.9%
	Financials — 2.1%
	500,000	DBS Group Holdings Ltd.		6,114,061
	Industrials — 1.9%
	667,877	Keppel Corp Ltd.		5,479,714
	Real Estate Investment Trust — 0.0%
	133,575	Keppel REIT		136,466
	Telecommunication Services — 1.9%
	1,883,930	Singapore Telecommunications Ltd.		5,603,175
				17,333,416
	Spain — 2.3%
	Financials — 2.3%
	500,000	Banco Bilbao Vizcaya SA		4,194,598
	384,899	Banco Santander SA ADR (a)		2,490,297
				6,684,895
	Sweden — 5.6%
	Consumer Discretionary — 1.9%
	168,200	Hennes & Mauritz AB		5,527,829
	Industrials — 1.6%
	349,000	Volvo AB		4,673,248
	Materials — 2.1%
	242,000	Svenska Cellulosa AB (SCA)		6,073,185
				16,274,262
	Switzerland — 6.1%
	Financials — 1.5%
	48,000	ACE Ltd.		4,295,040
	Health Care — 3.3%
	89,000	Novartis AG		6,322,080
	13,000	Roche Holding AG		3,234,139
				9,556,219
	Materials — 1.3%
	50,000	Syngenta AG ADR		3,893,000
				17,744,259

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

23

Huntington International Equity Fund (Continued)

Shares			Value
	Common Stocks — (Continued)
	Taiwan — 1.3%
	Information Technology — 1.3%
	209,854	Taiwan Semiconductor Manufacturing Co. Ltd. ADR	$	3,844,525
	United Kingdom — 21.8%
	Consumer Discretionary — 2.8%
	400,000	Greene King PLC		4,715,187
	45,000	Liberty Global PLC, Class A *		3,333,600
				8,048,787
	Consumer Staples — 4.9%
	50,000	Diageo PLC ADR		5,747,500
	46,000	Reckitt Benckiser Group PLC		3,252,080
	134,000	Unilever PLC		5,425,629
				14,425,209
	Financials — 2.4%
	1,258,000	Barclays PLC		5,328,011
	31,000	HSBC Holdings PLC ADR		1,608,900
				6,936,911
	Health Care — 3.4%
	83,000	AstraZeneca PLC ADR		3,925,900
	118,850	GlaxoSmithKline PLC ADR		5,938,934
				9,864,834
	Industrials — 2.4%
	409,000	Rolls-Royce Holdings PLC *		7,054,620
	Information Technology — 0.6%
	3,200,000	Monitise PLC *		1,679,215
	Telecommunication Services — 3.5%
	1,059,000	BT Group PLC		4,980,497
	1,840,000	Vodafone Group PLC		5,257,343
				10,237,840
	Utilities — 1.8%
	231,100	SSE PLC		5,353,492
				63,600,908
	United States — 5.5%
	Energy — 2.3%
	53,000	Apache Corp.		4,442,990
	33,352	Schlumberger Ltd.		2,390,004
				6,832,994
	Financials — 1.2%
	70,000	Citigroup, Inc.		3,357,900

Shares			Value
	Common Stocks — (Continued)
	United States — (Continued)
	Information Technology — 2.0%
	7,000	MasterCard, Inc., Class A	$	4,021,500
	22,000	Stratasys Ltd. (a) *		1,842,280
				5,863,780
				16,054,674
	Total Common Stocks (Cost $240,334,523)			283,623,908
	Closed-End Fund — 1.2%
	400,000	Japan Smaller Capitalization Fund, Inc.		3,428,000
	Total Closed-End Fund (Cost $3,469,010)			3,428,000
	Cash Equivalents — 1.3%
	3,858,216	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (b) (c)		3,858,216
	Total Cash Equivalents (Cost $3,858,216)			3,858,216
	Short-Term Securities Held as Collateral for Securities Lending — 1.7%
	4,819,186	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (c)		4,819,186
	Total Short-Term Securities Held as Collateral for Securities Lending (Cost $4,819,186)			4,819,186
	Total Investments (Cost $252,480,935) — 101.3%			295,729,310
	Liabilities in Excess of Other Assets — (1.3)%			(3,699,124)
	Net Assets — 100.0%		$	292,030,186

(a) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $4,669,262.

(b) Investment in affiliate.

(c) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

ADR — American Depositary Receipt

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

24

Huntington Mid Corp America  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Information Technology		16.1%
Health Care		15.9%
Financials		14.1%
Industrials		13.3%
Consumer Discretionary		8.6%
Real Estate Investment Trusts		5.9%
Energy		5.7%
Short-Term Securities Held as Collateral for Securities Lending		4.9%
Cash1		4.7%
Materials		4.4%
Consumer Staples		3.4%
Utilities		2.6%
Telecommunication Services		0.4%
Total		100.0%

¹ Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments Summary Table and the Portfolio of Investments are broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (unaudited)

Shares			Value
	Common Stocks — 95.3%
	Consumer Discretionary — 9.1%
	7,120	Advance Auto Parts, Inc.	$	577,930
	25,340	Bob Evans Farms, Inc.		1,190,473
	22,400	BorgWarner, Inc. *		1,929,760
	36,500	D.R. Horton, Inc.		776,720
	40,260	Iconix Brand Group, Inc. *		1,184,047
	25,870	Kohl’s Corp.		1,306,694
	43,640	Nordstrom, Inc.		2,615,782
	24,650	PetSmart, Inc.		1,651,303
	31,050	Ross Stores, Inc.		2,012,350
				13,245,059
	Consumer Staples — 3.5%
	27,380	Church & Dwight Co., Inc.		1,689,620
	25,950	Constellation Brands, Inc., Class A *		1,352,514
	45,900	Dr. Pepper Snapple Group, Inc. (a)		2,108,187
				5,150,321
	Energy — 6.0%
	32,320	Helmerich & Payne, Inc.		2,018,384
	28,710	Murphy Oil Corp.		1,748,152
	33,840	Noble Energy, Inc.		2,031,754
	33,810	Oceaneering International, Inc.		2,441,082
	11,250	Unit Corp. *		479,025
				8,718,397

Shares			Value
	Common Stocks — (Continued)
	Financials — 14.9%
	83,750	Brown & Brown, Inc.	$	2,700,100
	27,390	Community Bank System, Inc.		844,981
	27,170	Cullen/Frost Bankers, Inc. (a)		1,814,141
	50,670	Discover Financial Services		2,413,919
	4,310	Everest Re Group Ltd.		552,801
	147,440	First Niagara Financial Group, Inc.		1,484,721
	21,800	Invesco Ltd.		693,240
	9,800	Jones Lang LaSalle, Inc.		893,172
	31,600	Montpelier Re Holdings Ltd.		790,316
	45,400	Principal Financial Group, Inc.		1,700,230
	33,810	Prosperity Bancshares, Inc.		1,751,020
	11,120	T. Rowe Price Group, Inc.		813,428
	45,885	Torchmark Corp.		2,988,949
	75,243	Unum Group		2,209,887
				21,650,905
Health Care — 16.7%
	38,830	Actavis, Inc. *		4,901,123
	56,750	AmerisourceBergen Corp.		3,168,352
	39,930	Cepheid, Inc. (a) *		1,374,391
	14,230	Computer Programs & Systems, Inc.		699,262
	62,020	Life Technologies Corp. *		4,590,100
	120,170	Mylan, Inc. *		3,728,875
	16,000	Quest Diagnostics, Inc.		970,080
	54,330	St. Jude Medical, Inc.		2,479,078

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

25

Huntington Mid Corp America Fund (Continued)

Shares			Value
	Common Stocks — (Continued)
	Health Care — (Continued)
	28,496	Thermo Fisher Scientific, Inc.	$	2,411,616
				24,322,877
	Industrials — 14.1%
	10,200	Alliant Techsystems, Inc.		839,766
	58,560	Babcock & Wilcox Co./The		1,758,557
	16,000	Elbit Systems Ltd.		673,280
	9,960	Flowserve Corp.		537,940
	64,270	Jacobs Engineering Group, Inc. *		3,543,205
	53,400	John Bean Technologies Corp.		1,121,934
	59,510	Kennametal, Inc.		2,310,773
	17,270	Rockwell Automation, Inc.		1,435,828
	64,280	Rollins, Inc.		1,664,852
	21,000	Ryder System, Inc.		1,276,590
	11,490	Stericycle, Inc. *		1,268,841
	54,740	Timken Co.		3,080,767
	10,000	UniFirst Corp.		912,500
				20,424,833
	Information Technology — 17.0%
	34,170	BMC Software, Inc. *		1,542,434
	31,140	Broadcom Corp., Class A		1,051,286
	40,580	Citrix Systems, Inc. *		2,448,191
	53,400	CTS Corp.		728,376
	32,866	Fidelity National Information Services, Inc.		1,407,979
	14,100	Fiserv, Inc. *		1,232,481
	10,250	FleetCor Technologies, Inc. *		833,325
	71,510	FLIR Systems, Inc.		1,928,625
	33,000	Harris Corp.		1,625,250
	27,560	j2 Global, Inc. (a)		1,171,576
	25,700	Molex, Inc. (a)		754,038
	30,800	NCR Corp. *		1,016,092
	17,900	NetApp, Inc. *		676,262
	49,600	NVIDIA Corp.		695,888
	25,800	Progress Software Corp. *		593,658
	26,800	Seagate Technology PLC		1,201,444
	53,600	Synopsys, Inc. *		1,916,200
	20,600	Syntel, Inc.		1,295,122
	50,280	Teradata Corp. *		2,525,564
				24,643,791
	Materials — 4.7%
	33,910	Albemarle Corp.		2,112,254
	12,000	Ball Corp.		498,480
	54,000	FMC Corp.		3,297,240
	9,500	Silver Wheaton Corp.		186,865
	20,000	Sonoco Products Co.		691,400
				6,786,239

Shares			Value
	Common Stocks — (Continued)
	Real Estate Investment Trusts — 6.2%
	26,810	EPR Properties (a)	$	1,347,739
	22,470	Highwoods Properties, Inc.		800,157
	12,200	Home Properties, Inc.		797,514
	104,800	Medical Properties Trust, Inc.		1,500,736
	13,360	Mid-America Apartment Communities, Inc.		905,407
	16,690	PS Business Parks, Inc.		1,204,517
	22,800	Rayonier, Inc.		1,262,892
	18,260	Sovran Self Storage, Inc.		1,183,065
				9,002,027
	Telecommunication Services — 0.4%
	18,000	TELUS Corp.		525,420
	Utilities — 2.7%
	63,980	CMS Energy Corp.		1,738,337
	6,980	DTE Energy Co.		467,730
	33,700	Portland General Electric Co.		1,030,883
	26,130	Xcel Energy, Inc.		740,524
				3,977,474
	Total Common Stocks (Cost $77,523,827)			138,447,343
	Cash Equivalents — 4.9%
	7,173,403	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (b) (c)		7,173,403
	Total Cash Equivalents (Cost $7,173,403)			7,173,403
	Short-Term Securities Held as Collateral for Securities Lending — 5.2%
	7,555,534	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (c)		7,555,534
	Total Short-Term Securities Held as Collateral for Securities Lending (Cost $7,555,534)			7,555,534
	Total Investments (Cost $92,252,764) — 105.4%			153,176,280
	Liabilities in Excess of Other Assets — (5.4)%			(7,859,881)
	Net Assets — 100.0%		$	145,316,399

(a) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $7,409,102.

(b) Investment in affiliate.

(c) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

26

Huntington Real Strategies  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Energy		33.7%
Short-Term Securities Held as Collateral for Securities Lending		19.8%
Industrials		15.2%
Materials		13.1%
Exchange-Traded Funds		5.6%
Real Estate Investments		4.4%
Cash1		3.6%
Closed-End Funds		2.0%
Exchange-Traded Notes		1.3%
Consumer Staples		1.3%
Total		100.0%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments Summary Table and the Portfolio of Investments are broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (unaudited)

Shares			Value
	Common Stocks — 78.4%
	Consumer Staples — 1.6%
	19,980	Bunge Ltd.	$	1,413,985
	Energy — 41.8%
	193,500	Adaro Energy Tbk PT ADR		774,000
	61,900	Cameco Corp. (a)		1,278,854
	60,500	Canadian Natural Resources Ltd.		1,709,730
	91,000	Canadian Oil Sands Ltd. (a)		1,689,242
	80,000	Cheniere Energy, Inc. *		2,220,800
	101,110	Chesapeake Energy Corp.		2,060,622
	84,100	Cosan Ltd.		1,359,056
	30,550	Enbridge, Inc.		1,285,238
	74,390	EnCana Corp.		1,260,167
	45,100	Enterprise Products Partners LP (a)		2,802,965
	42,700	Halliburton Co.		1,781,444
	28,700	Helmerich & Payne, Inc.		1,792,315
	36,636	Kinder Morgan, Inc.		1,397,663
	40,600	Magellan Midstream Partners LP (a)		2,212,700
	102,280	Natural Resource Partners LP (a)		2,103,900
	33,500	Sasol Ltd. ADR		1,450,885
	24,900	Schlumberger Ltd.		1,784,334
	64,900	Spectra Energy Corp.		2,236,454
	78,046	Statoil ASA ADR		1,614,772
	59,300	Suncor Energy, Inc.		1,748,757
	43,200	Tenaris SA ADR (a)		1,739,664
	28,600	Transocean Ltd.		1,371,370
				37,674,932
	Industrials — 18.8%
	27,600	AGCO Corp.		1,385,244
	22,200	Caterpillar, Inc.		1,831,278

Shares			Value
	Common Stocks — (Continued)
	Industrials — (Continued)
	54,040	Chicago Bridge & Iron Co. NV	$	3,224,026
	21,970	Deere & Co.		1,785,062
	37,790	GATX Corp.		1,792,380
	77,710	Harsco Corp.		1,802,095
	34,000	Joy Global, Inc.		1,650,020
	10,940	Lindsay Corp.		820,281
	88,800	Primoris Services Corp.		1,751,136
	6,210	Valmont Industries, Inc.		888,589
				16,930,111
	Materials — 16.2%
	20,970	Agrium, Inc. (a)		1,823,551
	46,700	Barrick Gold Corp.		735,058
	14,800	BHP Billiton Ltd. ADR (a)		853,368
	32,500	Freeport-McMoRan Copper & Gold, Inc. (b)		897,325
	67,900	Olin Corp.		1,624,168
	17,100	Praxair, Inc.		1,969,236
	33,450	Rio Tinto PLC ADR (a)		1,374,126
	107,000	Stillwater Mining Co. *		1,149,180
	22,000	Syngenta AG ADR		1,712,920
	8,200	Terra Nitrogen Co. LP (a)		1,754,718
	57,200	Vale SA ADR (a)		752,180
				14,645,830
	Total Common Stocks (Cost $71,658,892)			70,664,858

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

27

Huntington Real Strategies Fund (Continued)

Shares			Value
	Exchange-Traded Funds — 6.9%
	121,030	iShares Silver Trust (a) *	$	2,295,939
	84,200	Market Vectors Junior Gold Miners Fund ETF		771,272
	36,300	Market Vectors Oil Services ETF (a)		1,552,914
	63,500	PowerShares DB Agriculture Fund *		1,581,785
	Total Exchange-Traded Funds (Cost $10,389,362)			6,201,910
	Real Estate Investments (c) (d) (e) — 5.5%
		Discount Retail Portfolio II DST (f)		918,247
		Grocery & Pharmacy DST		999,052
		New York Power DST (f)		862,254
		Scotts Gahanna LLC (f)		1,286,331
		Winston-Salem DST		859,037
	Total Real Estate Investments (Cost $5,144,000)			4,924,921
	Closed-End Fund — 2.5%
	167,621	Central Fund of Canada Ltd., Class A		2,279,646
	Total Closed-End Fund (Cost $2,248,622)			2,279,646
	Exchange-Traded Notes — 1.6%
	52,400	iPath Dow Jones-UBS Livestock Sub-Index Total Return ETN, 10/22/37 (a) *		1,421,612
	Total Exchange-Traded Notes (Cost $1,503,754)			1,421,612
	Cash Equivalents — 4.5%
	4,038,047	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (f) (g)		4,038,047
	Total Cash Equivalents (Cost $4,038,047)			4,038,047

Shares			Value
	Short-Term Securities Held as Collateral for Securities Lending — 24.5%
	22,112,481	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (g)	$	22,112,481
	Total Short-Term Securities Held as Collateral for Securities Lending (Cost $22,112,481)			22,112,481
	Total Investments (Cost $117,095,158) — 123.9%			111,643,475
	Liabilities in Excess of Other Assets — (23.9)%			(21,520,953)
	Net Assets — 100.0%		$	90,122,522

(a) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $21,850,924.

(b) All or a portion of the security is held as collateral for written call options.

(c) Illiquid security.

(d) Security is currently being valued according to the fair value procedures approved by the Pricing Committee.

(e) Investments do not offer shares. Fair value represents direct ownership of Real Estate.

(f) Investment in affiliate.

(g) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

ADR — American Depositary Receipt

DST — Delaware Statutory Trust

ETF — Exchange-Traded Fund

ETN — Exchange-Traded Note

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

28

Huntington Rotating Markets  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Industrials		16.8%
Information Technology		12.6%
Consumer Discretionary		11.8%
Financials		11.0%
Health Care		9.3%
Real Estate Investment Trusts		8.6%
Materials		6.5%
Energy		5.2%
Short-Term Securities Held as Collateral for Securities Lending		4.1%
Utilities		4.1%
Consumer Staples		3.6%
Exchange-Traded Funds		3.0%
Cash1		2.7%
Telecommunication Services		0.7%
Total		100.0%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments Summary Table and the Portfolio of Investments are broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (unaudited)

Shares			Value
	Common Stocks — 94.4%
	Consumer Discretionary — 12.4%
	2,387	Aaron’s, Inc.	$	66,860
	1,625	Advance Auto Parts, Inc.		131,901
	4,074	American Eagle Outfitters, Inc.		74,391
	3,907	Chico’s FAS, Inc.		66,653
	2,467	Cinemark Holdings, Inc.		68,879
	2,328	Dick’s Sporting Goods, Inc.		116,540
	3,239	Foot Locker, Inc.		113,786
	3,416	Gentex Corp.		78,739
	2,220	Hanesbrands, Inc.		114,152
	2,336	Jarden Corp. *		102,200
	1,743	John Wiley & Sons, Inc., Class A		69,877
	1,586	Lamar Advertising Co., Class A *		68,832
	3,289	Life Time Fitness, Inc. *		164,812
	5,633	LKQ Corp. *		145,050
	1,243	Mohawk Industries, Inc. *		139,825
	97	NVR, Inc. *		89,434
	655	Panera Bread Co., Class A *		121,791
	1,406	Polaris Industries, Inc.		133,570
	1,636	PVH Corp.		204,582
	331	Sears Canada, Inc. *		3,273
	5,220	Service Corp. International		94,117
	1,973	Signet Jewelers Ltd.		133,039
	2,196	Sotheby’s		83,250
	2,937	Toll Brothers, Inc. *		95,834
	1,359	Tractor Supply Co.		159,832

Shares			Value
	Common Stocks — (Continued)
	Consumer Discretionary — (Continued)
	1,355	Tupperware Brands Corp.	$	105,270
	1,895	Under Armour, Inc., Class A *		113,150
	2,385	Williams-Sonoma, Inc.		133,298
				2,992,937
	Consumer Staples — 3.8%
	2,235	Church & Dwight Co., Inc.		137,922
	1,646	Energizer Holdings, Inc.		165,439
	3,886	Green Mountain Coffee Roasters, Inc. (a) *		291,683
	2,660	Hillshire Brands Co.		87,993
	1,585	Ingredion, Inc.		104,008
	3,837	Smithfield Foods, Inc. *		125,662
				912,707
	Energy — 5.4%
	1,866	Cimarex Energy Co.		121,271
	1,679	Dresser-Rand Group, Inc. *		100,706
	1,178	Dril-Quip, Inc. *		106,362
	2,050	Energen Corp.		107,133
	3,738	HollyFrontier Corp.		159,912
	2,207	Oceaneering International, Inc.		159,345
	1,539	Oil States International, Inc. *		142,573
	3,795	Patterson-UTI Energy, Inc.		73,452
	1,446	Rosetta Resources, Inc. *		61,484

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

29

Huntington Rotating Markets Fund (Continued)

Shares			Value
	Common Stocks — (Continued)
	Energy — (Continued)
	1,543	SM Energy Co. *	$	92,549
	3,881	Superior Energy Services, Inc. *		100,673
	2,172	World Fuel Services Corp.		86,837
				1,312,297
	Financials — 11.5%
	1,177	Affiliated Managers Group, Inc. *		192,957
	308	Alleghany Corp. *		118,059
	1,828	Arthur J Gallagher & Co.		79,865
	2,399	Brown & Brown, Inc.		77,344
	2,030	CBOE Holdings, Inc.		94,679
	1,519	City National Corp.		96,259
	2,006	Commerce Bancshares, Inc.		87,381
	2,415	Eaton Vance Corp.		90,780
	1,051	Everest Re Group Ltd.		134,801
	2,565	Federated Investors, Inc., Class B (a)		70,307
	4,099	Fidelity National Financial, Inc., Class A		97,597
	9,667	First Niagara Financial Group, Inc.		97,347
	7,059	Fulton Financial Corp.		81,037
	2,542	Hancock Holding Co.		76,438
	1,934	HCC Insurance Holdings, Inc.		83,375
	948	Jones Lang LaSalle, Inc.		86,401
	3,149	Kemper Corp.		107,853
	3,277	MSCI, Inc., Class A *		109,026
	5,510	Old Republic International Corp.		70,914
	9,007	Protective Life Corp.		345,959
	2,158	Raymond James Financial, Inc.		92,751
	1,703	Reinsurance Group of America, Inc.		117,694
	2,771	SEI Investments Co.		78,780
	4,539	TCF Financial Corp. (a)		64,363
	6,894	Valley National Bancorp (a)		65,286
	1,939	Waddell & Reed Financial, Inc., Class A		84,346
	1,967	WR Berkley Corp.		80,372
				2,781,971
	Health Care — 9.7%
	1,786	Community Health Systems, Inc. *		83,728
	1,035	Cooper Cos., Inc./The		123,217
	1,263	Covance, Inc. *		96,165
	3,205	Endo Pharmaceuticals Holdings, Inc. *		117,912
	6,164	Health Management Associates, Inc. *		96,898
	1,742	Henry Schein, Inc. *		166,796
	2,140	Hill-Rom Holdings, Inc.		72,075
	2,171	HMS Holdings Corp. *		50,584
	6,238	Hologic, Inc. *		120,393
	1,188	IDEXX Laboratories, Inc. (a) *		106,659
	940	Mednax, Inc. *		86,085
	624	Mettler-Toledo International, Inc.*		125,549
	1,940	Omnicare, Inc.		92,557
	1,386	Regeneron Pharmaceuticals, Inc. *		311,684
	2,773	ResMed, Inc. (a)		125,145
	1,145	Techne Corp.		79,097
	1,442	Universal Health Services, Inc., Class B		96,556
	4,169	Vertex Pharmaceuticals, Inc. *		332,978
	1,333	WellCare Health Plans, Inc. *		74,048
				2,358,126

Shares			Value
	Common Stocks — (Continued)
	Industrials — 17.6%
	2,817	AECOM Technology Corp. *	$	89,552
	2,453	AGCO Corp.		123,116
	1,566	Alaska Air Group, Inc. *		81,432
	4,332	AMETEK, Inc.		183,244
	2,474	BE Aerospace, Inc. *		156,060
	1,313	Carlisle Cos., Inc.		81,813
	197	Chicago Bridge & Iron Co. NV		11,753
	1,501	Clean Harbors, Inc. *		75,846
	2,082	Copart, Inc. *		64,126
	2,583	Corrections Corp. of America		87,486
	1,354	Crane Co.		81,132
	2,868	Donaldson Co., Inc.		102,273
	1,154	Esterline Technologies Corp. *		83,423
	3,123	Fortune Brands Home & Security, Inc.		120,985
	1,304	Gardner Denver, Inc.		98,035
	1,817	GATX Corp.		86,180
	1,972	General Cable Corp.		60,639
	1,045	Genesee & Wyoming, Inc., Class A *		88,658
	1,552	Graco, Inc.		98,102
	1,063	Hubbell, Inc., Class B		105,237
	1,810	IDEX Corp.		97,396
	1,874	JB Hunt Transport Services, Inc.		135,378
	2,163	Kansas City Southern		229,191
	3,247	KBR, Inc.		105,527
	1,956	Kennametal, Inc.		75,951
	1,374	Kirby Corp. *		109,288
	1,133	Lennox International, Inc.		73,124
	1,605	Lincoln Electric Holdings, Inc.		91,918
	1,758	Manpower, Inc.		96,338
	1,112	MSC Industrial Direct Co., Inc., Class A		86,136
	1,230	Nordson Corp.		85,251
	2,104	Oshkosh Corp. *		79,889
	899	Regal-Beloit Corp.		58,291
	1,555	SPX Corp.		111,929
	2,316	Terex Corp. *		60,911
	1,728	Timken Co.		97,252
	1,799	Towers Watson & Co., Class A		147,410
	2,149	Trinity Industries, Inc.		82,608
	1,259	Triumph Group, Inc.		99,650
	2,090	United Rentals, Inc. *		104,312
	1,689	URS Corp.		79,755
	528	Valmont Industries, Inc.		75,552
	2,158	Wabtec Corp.		115,302
	2,123	Woodward, Inc.		84,920
				4,262,371
	Information Technology — 13.2%
	1,040	Alliance Data Systems Corp. *		188,271
	1,784	ANSYS, Inc. *		130,410
	3,329	Arrow Electronics, Inc. *		132,661
	10,517	Atmel Corp. *		77,300
	3,515	Avnet, Inc. *		118,104
	5,992	Cadence Design Systems, Inc. *		86,764
	5,972	Compuware Corp.		61,810
	1,167	Concur Technologies, Inc. (a) *		94,970
	2,597	Cree, Inc. *		165,844

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

30

Huntington Rotating Markets Fund (Continued)

Shares			Value
	Common Stocks — (Continued)
	Information Technology — (Continued)
	915	Equinix, Inc. *	$	169,019
	1,105	Factset Research Systems, Inc. (a)		112,644
	1,882	Gartner, Inc. *		107,255
	2,043	Global Payments, Inc.		94,632
	2,447	Informatica Corp. *		85,596
	6,141	Ingram Micro, Inc., Class A *		116,618
	1,536	Jack Henry & Associates, Inc.		72,392
	2,389	MICROS Systems, Inc. *		103,085
	3,360	National Instruments Corp.		93,878
	3,431	NCR Corp. *		113,189
	3,279	PTC, Inc. *		80,434
	2,042	Rackspace Hosting, Inc. *		77,371
	3,725	Riverbed Technology, Inc. *		57,961
	2,679	Semtech Corp. *		93,845
	4,274	Skyworks Solutions, Inc. *		93,558
	1,277	SolarWinds, Inc. *		49,560
	1,456	Solera Holdings, Inc.		81,026
	3,667	Synopsys, Inc. *		131,095
	1,619	Tech Data Corp. *		76,239
	3,812	TIBCO Software, Inc. *		81,577
	4,902	Trimble Navigation Ltd. *		127,501
	2,517	VeriFone Systems, Inc. *		42,311
	1,631	Zebra Technologies Corp., Class A *		70,851
				3,187,771
	Materials — 6.9%
	1,876	Albemarle Corp.		116,856
	1,852	AptarGroup, Inc.		102,249
	1,957	Ashland, Inc.		163,409
	1,836	Carpenter Technology Corp.		82,749
	3,875	Commercial Metals Co.		57,234
	1,096	Cytec Industries, Inc.		80,282
	1,099	Domtar Corp.		73,084
	21	Freeport-McMoRan Copper & Gold, Inc.		580
	1,071	Martin Marietta Materials, Inc.		105,408
	265	NewMarket Corp.		69,578
	1,788	Packaging Corp. of America		87,540
	1,495	Reliance Steel & Aluminum Co.		98,012
	1,387	Rock-Tenn Co., Class A		138,534
	1,267	Royal Gold, Inc.		53,315
	2,461	RPM International, Inc.		78,604
	2,061	Sensient Technologies Corp.		83,409
	2,236	Sonoco Products Co.		77,299
	5,430	Steel Dynamics, Inc.		80,961
	1,708	Valspar Corp.		110,456
				1,659,559
	Real Estate Investment Trusts — 8.9%
	1,404	Alexandria Real Estate Equities, Inc.		92,271
	2,497	American Campus Communities, Inc.		101,528
	12,981	BioMed Realty Trust, Inc.		262,606
	1,351	Camden Property Trust		93,408
	7,652	Duke Realty Corp.		119,295
	684	Essex Property Trust, Inc.		108,701
	2,010	Extra Space Storage, Inc.		84,279
	1,500	Federal Realty Investment Trust		155,520

Shares			Value
	Common Stocks — (Continued)
	Real Estate Investment Trusts — (Continued)
	1,040	Home Properties, Inc.	$	67,985
	2,648	Hospitality Properties Trust		69,589
	2,208	Liberty Property Trust		81,608
	1,974	Macerich Co./The		120,355
	2,577	Rayonier, Inc.		142,740
	3,707	Realty Income Corp. (a)		155,397
	1,853	Regency Centers Corp.		94,151
	3,289	Senior Housing Properties Trust		85,284
	1,225	Taubman Centers, Inc.		92,059
	6,597	UDR, Inc.		168,158
	2,346	Weingarten Realty Investors		72,186
				2,167,120
	Telecommunication Services — 0.7%
	2,977	Telephone & Data Systems, Inc.		73,383
	3,369	TW Telecom, Inc. *		94,804
				168,187
	Utilities — 4.3%
	2,540	Aqua America, Inc.		79,477
	1,843	Atmos Energy Corp.		75,674
	1,502	Black Hills Corp.		73,222
	1,376	IDACORP, Inc.		65,718
	1,904	National Fuel Gas Co.		110,337
	5,072	NV Energy, Inc.		118,989
	1,945	OGE Energy Corp.		132,649
	3,934	Questar Corp.		93,826
	2,264	UGI Corp.		88,545
	3,357	Vectren Corp.		113,567
	2,947	Westar Energy, Inc.		94,186
				1,046,190
	Total Common Stocks (Cost $21,607,668)			22,849,236
	Exchange-Traded Funds — 3.1%
	3,584	SPDR S&P MidCap 400 ETF Trust		754,002
	Total Exchange-Traded Funds (Cost $711,989)			754,002
	Cash Equivalents — 2.9%
	691,738	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (b) (c)		691,738
	Total Cash Equivalents (Cost $691,738)			691,738
	Short-Term Securities Held as Collateral for Securities Lending — 4.3%
	1,048,283	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (c)		1,048,283
	Total Short-Term Securities Held as Collateral for Securities Lending (Cost $1,048,283)			1,048,283
	Total Investments (Cost $24,059,678) — 104.7%		$	25,343,259
	Liabilities in Excess of Other Assets — (4.7)%			(1,137,231)
	Net Assets — 100.0%		$	24,206,028

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

31

Huntington Rotating Markets Fund (Continued)

(a) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $1,025,997.

(b) Investment in affiliate.

(c) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

ETF — Exchange-Traded Fund

SPDR — Standard & Poor’s Depositary Receipts

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

32

Huntington Situs Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Information Technology		16.9%
Industrials		15.2%
Short-Term Securities Held as Collateral for Securities Lending		12.3%
Consumer Discretionary		11.9%
Financials		10.4%
Materials		8.9%
Health Care		8.5%
Cash1		5.7%
Energy		3.3%
Consumer Staples		3.1%
Real Estate Investment Trusts		1.9%
Utilities		1.4%
Exchange-Traded Funds		0.3%
Closed-End Funds		0.1%
Telecommunication Services		0.1%
Total		100.0%

¹ Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments Summary Table and the Portfolio of Investments are broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (unaudited)

Shares			Value
	Common Stocks — 94.5%
	Bermuda — 2.1%
	Financials — 2.1%
	110,000	Arch Capital Group Ltd.*	$	5,655,100
	Brazil — 0.6%
	Consumer Staples — 0.6%
	38,200	Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR		1,736,572
	Canada — 0.0%
	Energy — 0.0%
	35,000	Denison Mines Corp. (a) *		41,300
	Chile — 0.4%
	Materials — 0.4%
	24,000	Sociedad Quimica y Minera de Chile SA ADR		969,600
	Denmark — 0.6%
	Health Care — 0.6%
	52,500	Novozymes A/S, Class B (a)		1,680,290
	Germany — 0.6%
	Health Care — 0.6%
	35,500	Stada Arzneimittel AG (a)		1,528,129

Shares			Value
	Common Stocks — (Continued)
	Hong Kong — 0.4%
	Consumer Discretionary — 0.4%
	162,500	Television Broadcasts Ltd.	$	1,116,710
	Japan — 1.2%
	Consumer Discretionary — 0.4%
	31,400	Honda Motor Co. Ltd. ADR		1,169,650
	Consumer Staples — 0.2%
	38,300	Shiseido Co. Ltd.		570,339
	Financials — 0.2%
	70	Japan Prime Realty Investment Corp.		214,196
	20	Japan Real Estate Investment Corp.		223,219
				437,415
	Health Care — 0.4%
	20,600	Terumo Corp.		1,024,963
				3,202,367
	Mexico — 0.0%
	Consumer Discretionary — 0.0%
	27,400	Desarrolladora Homex S.A.B. de C.V. ADR (a) *		102,202

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

33

Huntington Situs Fund (Continued)

Shares			Value
	Common Stocks — (Continued)
	Sweden — 0.3%
	Consumer Discretionary — 0.3%
	116,800	Haldex AB	$	795,932
	Switzerland — 0.7%
	Consumer Discretionary — 0.7%
	50,000	Garmin Ltd. (a)		1,808,000
	United Kingdom — 0.8%
	Consumer Staples — 0.4%
	16,000	Reckitt Benckiser Group PLC		1,131,158
	Industrials — 0.4%
	116,800	Concentric AB		1,158,195
				2,289,353
	United States — 86.8%
	Consumer Discretionary — 11.9%
	191,100	Cabela’s, Inc., Class A (b)*		12,375,636
	13,500	Columbia Sportswear Co. (a)		845,775
	7,050	Fossil Group, Inc. *		728,336
	45,000	Papa John’s International, Inc. *		2,941,650
	23,850	Rent-A-Center, Inc.		895,568
	100,000	Sturm Ruger & Co., Inc. (a) (b)		4,804,000
	1,200	Tempur-Pedic International, Inc. *		52,680
	46,000	Tractor Supply Co.		5,410,060
	100,000	Urban Outfitters, Inc. *		4,022,000
				32,075,705
	Consumer Staples — 2.3%
	22,000	Darling International, Inc. *		410,520
	90,000	Fresh Del Monte Produce, Inc.		2,509,200
	50,000	Sanderson Farms, Inc.		3,321,000
				6,240,720
	Energy — 3.8%
	10,000	Atwood Oceanics, Inc. *		520,500
	60,000	CARBO Ceramics, Inc. (a)		4,045,800
	100,000	Denbury Resources, Inc. *		1,732,000
	13,000	Dril-Quip, Inc. *		1,173,770
	211,708	Halcon Resources Corp. (a) *		1,200,384
	15,000	Oceaneering International, Inc.		1,083,000
	7,000	SM Energy Co. *		419,860
	6,000	Swift Energy Co. *		71,940
				10,247,254
	Financials — 9.8%
	89,300	Cullen/Frost Bankers, Inc. (a)		5,962,561
	120,000	Evercore Partners, Inc.		4,713,600
	30,000	EZCORP, Inc., Class A *		506,400
	130,000	International Bancshares Corp.		2,935,400
	100,000	Janus Capital Group, Inc.		851,000
	160,000	Raymond James Financial, Inc. (b)		6,876,800
	75,383	SCBT Financial Corp. (a)		3,798,549
	13,800	WSFS Financial Corp.		722,982
				26,367,292

Shares			Value
	Common Stocks — (Continued)
	Health Care — 8.3%
	55,000	Abaxis, Inc. *	$	2,613,050
	55,000	AmSurg Corp. *		1,930,500
	65,000	Arena Pharmaceuticals, Inc. (a) *		500,500
	15,000	Bio-Rad Laboratories, Inc., Class A *		1,683,000
	70,000	Cerner Corp. (b) *		6,726,300
	68,000	Edwards LifeSciences Corp. *		4,569,600
	10,000	Healthways, Inc. *		173,800
	40,000	Merit Medical Systems, Inc. *		446,000
	110,000	Myriad Genetics, Inc. *		2,955,700
	75,000	Osiris Therapeutics, Inc. (a) *		755,250
				22,353,700
	Industrials — 17.2%
	50,000	BE Aerospace, Inc. *		3,154,000
	115,000	EnPro Industries, Inc. (a) *		5,837,400
	147,000	Flowserve Corp.		7,939,470
	100,000	Harsco Corp.		2,319,000
	73,000	Lindsay Corp.		5,473,540
	10,000	Mine Safety Appliances Co.		465,500
	130,000	Quanta Services, Inc. *		3,439,800
	40,000	Ryder System, Inc.		2,431,600
	100,000	Taser International, Inc. *		852,000
	190,000	Trinity Industries, Inc. (b)		7,303,600
	70,000	Universal Forest Products, Inc.		2,794,400
	90,000	Watts Water Technologies, Inc., Class A		4,080,600
	12,750	Werner Enterprises, Inc.		308,168
				46,399,078
	Information Technology — 19.7%
	40,000	3D Systems Corp. (a) *		1,756,000
	76,900	ACI Worldwide, Inc. *		3,574,312
	70,000	Anixter International, Inc. *		5,306,700
	60,000	Cardtronics, Inc. *		1,656,000
	100,000	Diodes, Inc. *		2,597,000
	50,000	Exlservice Holdings, Inc. *		1,478,000
	214,000	Geospace Technologies Corp. (b)*		14,783,120
	215,000	Jabil Circuit, Inc.		4,381,700
	80,600	Methode Electronics, Inc.		1,371,006
	105,000	Red Hat, Inc. *		5,021,100
	45,000	ScanSource, Inc. *		1,440,000
	245,000	Trimble Navigation Ltd. *		6,372,450
	20,000	TriQuint Semiconductor, Inc. *		138,600
	44,000	Tyler Technologies, Inc. *		3,016,200
				52,892,188
	Materials — 10.0%
	25,000	Albemarle Corp.		1,557,250
	60,000	Eagle Materials, Inc.		3,976,200
	29,200	Eastman Chemical Co.		2,044,292
	65,000	Quaker Chemical Corp.		4,030,650
	40,000	Scotts Miracle-Gro Co., Class A (a)		1,932,400
	40,000	Sensient Technologies Corp.		1,618,800
	17,000	Terra Nitrogen Co. LP (a)		3,637,830
	80,000	Texas Industries, Inc. (a) *		5,211,200
	54,000	United States Lime & Minerals, Inc. *		2,821,500
				26,830,122

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

34

Huntington Situs Fund (Continued)

Shares			Value
	Real Estate Investment Trusts — 2.1%
	31,500	Camden Property Trust	$	2,177,910
	90,000	Equity One, Inc. (a)		2,036,700
	50,000	Weingarten Realty Investors (a)		1,538,500
				5,753,110
	Telecommunication Services — 0.1%
	39,000	General Communication, Inc., Class A *		305,370
	Utilities — 1.6%
	15,000	AGL Resources, Inc.		642,900
	39,900	Hawaiian Electric Industries, Inc.		1,009,869
	13,100	Northwest Natural Gas Co.		556,488
	60,000	Portland General Electric Co.		1,835,400
	5,500	UGI Corp.		215,105
				4,259,762
				233,724,301
	Total Common Stocks (Cost $161,430,540)			254,649,856
	Exchange-Traded Funds — 0.4%
	30,000	iShares FTSE China 25 Index Fund		975,600
	Total Exchange-Traded Funds (Cost $812,491)			975,600
	Closed-End Fund — 0.2%
	30,000	Central Fund of Canada Ltd., Class A		408,000
	Total Closed-End Fund (Cost $419,116)			408,000

Shares			Value
	Cash Equivalents — 6.6%
	17,873,306	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (c) (d)	$	17,873,306
	Total Cash Equivalents (Cost $17,873,306)			17,873,306
	Short-Term Securities Held as Collateral for Securities Lending — 14.3%
	38,418,039	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (d)		38,418,039
	Total Short-Term Securities Held as Collateral for Securities Lending (Cost $38,418,039)			38,418,039
	Total Investments (Cost $218,953,492) — 116.0%			312,324,801
	Liabilities in Excess of Other Assets — (16.0)%			(42,980,538)
	Net Assets — 100.0%		$	269,344,263

(a) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $37,400,540.

(b) All or a portion of the security is held as collateral for written call options.

(c) Investment in affiliate.

(d) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

ADR — American Depositary Receipt

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

35

Huntington Fixed Income Securities  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Corporate Bonds		75.4%
U.S. Treasury Obligations		14.2%
U.S. Government Agencies		7.6%
Cash1		1.6%
U.S. Government Mortgage Backed Securities		0.9%
Preferred Stocks		0.3%
Total		100.0%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments is broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (unaudited)

Principal Amount			Value
	Corporate Bonds — 74.5%
	Consumer Discretionary — 5.4%
$	5,000,000	AutoZone, Inc., 5.750%, 1/15/15	$	5,365,875
	2,000,000	Comcast Corp., 6.500%, 1/15/17		2,323,164
	2,000,000	Mattel, Inc., 6.200%, 10/1/40		2,236,870
	4,000,000	Time Warner, Inc., 3.150%, 7/15/15		4,178,268
	1,500,000	Walt Disney Co./The, Series B, MTN, 6.200%, 6/20/14		1,582,918
				15,687,095
	Consumer Staples — 3.7%
	4,040,000	Hershey Co./The, 7.200%, 8/15/27		5,195,921
	2,000,000	Kroger Co./The, 7.500%, 1/15/14		2,074,004
	2,775,000	Wal-Mart Stores, Inc., 6.200%, 4/15/38		3,405,091
				10,675,016
	Energy — 7.1%
	1,290,000	Apache Corp., 6.900%, 9/15/18		1,569,832
	5,000,000	Enterprise Products Operating LLC, Series L, 6.300%, 9/15/17		5,848,015
	2,005,000	EQT Corp., 8.125%, 6/1/19		2,444,402
	2,000,000	Halliburton Co., 6.150%, 9/15/19		2,411,332
	2,000,000	Magellan Midstream Partners LP, 6.550%, 7/15/19		2,377,950
	2,335,000	Marathon Oil Corp., 6.000%, 10/1/17		2,673,956
	1,000,000	Transocean, Inc., 7.375%, 4/15/18		1,145,871
	2,000,000	Williams Partners LP, 5.250%, 3/15/20		2,149,406
				20,620,764
	Financials — 22.9%
	2,700,000	American Express Co., 4.050%, 12/3/42		2,360,626
	2,000,000	American Express Credit Co., Series C, 7.300%, 8/20/13		2,018,262

Principal Amount			Value
	Corporate Bonds — (Continued)
	Financials — (Continued)
$	5,000,000	Bank of Montreal, MTN, 2.500%, 1/11/17	$	5,125,360
	5,000,000	Bank of Nova Scotia, 1.950%, 1/30/17 (a) (b)		5,109,000
	2,000,000	Barrick International Bank Corp., 5.750%, 10/15/16 (a) (b)		2,136,758
	3,000,000	BlackRock, Inc., 6.250%, 9/15/17		3,531,924
	5,000,000	Canadian Imperial Bank of Commerce, 2.600%, 7/2/15 (a) (b)		5,187,500
	3,000,000	CME Group, Inc., 3.000%, 9/15/22		2,824,350
	3,000,000	Fifth Third Bancorp, 3.625%, 1/25/16		3,166,998
	3,700,000	General Electric Capital Corp., Series A, GMTN, 6.900%, 9/15/15		4,135,642
	1,000,000	Goldman Sachs Group, Inc./The, 5.250%, 10/15/13		1,012,338
	3,000,000	JPMorgan Chase & Co., 3.060%, 2/25/21 (c)		2,943,000
	1,000,000	Lincoln National Corp., 4.750%, 2/15/14		1,023,444
	4,000,000	Manulife Financial Corp., 3.400%, 9/17/15		4,179,136
	1,000,000	MetLife, Inc., 5.000%, 11/24/13		1,018,548
	1,000,000	Morgan Stanley, 6.750%, 10/15/13		1,017,835
	2,000,000	Morgan Stanley, MTN, 5.000%, 5/17/23 (c)		1,960,000
	3,400,000	National City Bank, 5.250%, 12/15/16		3,799,799
	1,915,000	Northern Trust Co., 6.500%, 8/15/18		2,279,415
	5,000,000	Royal Bank of Canada, 3.125%, 4/14/15 (a) (b)		5,211,000
	3,000,000	Toronto-Dominion Bank, 2.200%, 7/29/15 (a) (b)		3,092,100
	3,395,000	Wachovia Corp., 5.625%, 10/15/16		3,815,868
				66,948,903

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

36

Huntington Fixed Income Securities Fund (Continued)

Principal Amount			Value
	Corporate Bonds — (Continued)
	Health Care — 9.1%
$	2,000,000	AstraZeneca PLC, 5.900%, 9/15/17	$	2,323,814
	2,054,000	Celgene Corp., 2.450%, 10/15/15		2,115,297
	1,000,000	Covidien International Finance SA, 2.800%, 6/15/15		1,035,023
	2,000,000	Gilead Sciences, Inc., 4.500%, 4/1/21		2,167,268
	3,000,000	Johnson & Johnson, 5.950%, 8/15/37		3,729,507
	3,705,000	Laboratory Corp. of America Holdings, 4.625%, 11/15/20		3,863,767
	2,146,000	Merck & Co., Inc., 5.850%, 6/30/39		2,536,823
	1,000,000	Pfizer, Inc., 5.350%, 3/15/15		1,076,800
	2,000,000	Pfizer, Inc., 7.200%, 3/15/39		2,679,894
	5,000,000	Thermo Fisher Scientific, Inc., 3.250%, 11/20/14		5,140,430
				26,668,623
	Industrials — 2.9%
	1,368,000	CSX Transportation, Inc., 9.750%, 6/15/20		1,880,364
	1,665,000	Emerson Electric Co., 5.125%, 12/1/16		1,877,737
	2,000,000	Union Pacific Corp., 5.650%, 5/1/17		2,256,408
	2,000,000	United Technologies Corp., 6.125%, 2/1/19		2,372,636
				8,387,145
	Information Technology — 6.6%
	2,000,000	CA, Inc., 6.125%, 12/1/14		2,133,532
	4,000,000	eBay, Inc., 4.000%, 7/15/42		3,392,264
	2,000,000	Intel Corp., 4.000%, 12/15/32		1,857,258
	3,000,000	International Business Machines Corp., 7.625%, 10/15/18		3,817,296
	2,546,000	Microsoft Corp., 3.500%, 11/15/42		2,178,808
	3,000,000	Oracle Corp., 6.125%, 7/8/39		3,613,833
	2,000,000	Oracle Corp., 5.250%, 1/15/16		2,211,870
				19,204,861
	Materials — 3.9%
	5,000,000	Albemarle Corp., 5.100%, 2/1/15		5,281,005
	3,000,000	Freeport-McMoRan Copper & Gold, Inc., 3.550%, 3/1/22		2,725,071
	3,300,000	Potash Corporation of Saskatchewan, Inc., 5.250%, 5/15/14		3,426,162
				11,432,238
	Real Estate Investment Trusts — 3.5%
	2,640,000	Health Care REIT, Inc., 4.950%, 1/15/21		2,809,081
	1,000,000	Kimco Realty Corp., 4.820%, 6/1/14		1,034,503
	2,000,000	Plum Creek Timberlands PLC, 4.700%, 3/15/21		2,069,322
	2,000,000	Senior Housing Properties Trust, 4.300%, 1/15/16		2,072,956
	2,000,000	Simon Property Group LP, 5.650%, 2/1/20		2,285,080
				10,270,942

Principal Amount			Value
	Corporate Bonds — (Continued)
	Telecommunication Services — 2.2%
$	2,000,000	AT&T, Inc., 5.600%, 5/15/18	$	2,312,884
	2,000,000	Verizon Wireless, 7.375%, 11/15/13		2,047,662
	2,000,000	Vodafone Group PLC, 5.000%, 12/16/13		2,040,398
				6,400,944
	Utilities — 7.2%
	2,000,000	Constellation Energy Group, Inc., 4.550%, 6/15/15		2,129,054
	3,000,000	Dominion Resources, Inc., Series 07-A, 6.000%, 11/30/17		3,488,361
	4,000,000	Duke Energy Corp., 6.300%, 2/1/14		4,127,316
	3,000,000	Georgia Power Co., Series 10-C, 4.750%, 9/1/40		2,960,574
	1,800,000	Gulf Power Co., Series K, 4.900%, 10/1/14		1,878,736
	2,310,000	Metropolitan Edison, 4.875%, 4/1/14		2,378,718
	4,000,000	Questar Corp., 2.750%, 2/1/16		4,152,304
				21,115,063
	Total Corporate Bonds (Cost $213,035,962)			217,411,594
	U.S. Treasury Obligations — 14.0%
	U.S. Treasury Bonds — 10.1%
	2,000,000	8.750%, 8/15/20		2,918,750
	6,000,000	7.125%, 2/15/23		8,471,718
	4,000,000	7.625%, 2/15/25		6,006,248
	4,000,000	6.750%, 8/15/26		5,727,500
	5,000,000	2.125%, 2/15/41		6,459,130
				29,583,346
	U.S. Treasury Notes — 3.9%
	3,000,000	1.000%, 3/31/17		3,002,814
	4,000,000	3.000%, 5/15/42		3,646,248
	5,000,000	3.125%, 2/15/43		4,667,190
				11,316,252
	Total U.S. Treasury Obligations (Cost $37,958,745)			40,899,598
	U.S. Government Agencies — 7.5%
	Federal Farm Credit Bank — 0.7%
	2,000,000	4.710%, 3/6/15		2,143,926
	Federal Home Loan Bank — 4.2%
	1,380,000	5.000%, 7/16/13 (d)		1,382,739
	5,000,000	4.750%, 9/11/15		5,464,810
	5,000,000	3.500%, 12/9/16		5,396,130
				12,243,679
	Federal Home Loan Mortgage Corporation — 1.4%
	4,000,000	0.500%, 10/9/15		3,996,268
	Federal National Mortgage Association — 1.2%
	3,000,000	4.065%, 2/15/18		3,342,654
	Total U.S. Government Agencies (Cost $20,602,212)			21,726,527

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

37

Huntington Fixed Income Securities Fund (Continued)

Principal Amount			Value
	U.S. Government Mortgage Backed Agencies — 0.9%
	Federal Home Loan Mortgage Corporation — 0.3%
$	379,745	Pool # J05518, 5.500%, 9/1/22	$	403,322
	486,638	Pool # J08160, 5.000%, 12/1/22		521,167
				924,489
	Federal National Mortgage Association — 0.0%
	16,086	Pool # 599630, 6.500%, 8/1/16		16,135
	78,541	Pool # 254403, 6.000%, 8/1/17		83,605
				99,740
	Government National Mortgage Association — 0.6%
	849,819	Pool # 683937, 6.000%, 2/15/23		932,208
	570,624	Pool # 689593, 6.000%, 7/15/23		628,156
	67,942	Pool # 345128, 6.500%, 1/15/24		75,327
	24,286	Pool # 372962, 7.000%, 3/15/24		28,031
	12,964	Pool # 373015, 8.000%, 6/15/24		13,188
				1,676,910
	Total U.S. Government Mortgage Backed Agencies (Cost $2,533,395)			2,701,139

Shares			Value
	Preferred Stocks — 0.3%
	Utilities — 0.3%
	30,000	NextEra Energy Capital Holdings, Inc., Series F, 8.750%	$	788,100
	Total Preferred Stocks (Cost $853,672)			788,100
	Cash Equivalents — 1.6%
	4,722,170	Huntington U.S. Treasury Money Market Fund, Trust Shares 0.050% (e) (f)		4,722,170
	Total Cash Equivalents (Cost $4,722,170)			4,722,170
	Total Investments (Cost $279,706,156) — 98.8%			288,249,128
	Other Assets in Excess of Liabilities — 1.2%			3,622,250
	Net Assets — 100.0%		$	291,871,378

(a) Illiquid security.

(b) Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers.

(c) Variable or Floating Rate Security. Rate disclosed is as of June 30, 2013.

(d) Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at June 30, 2013.

(e) Investment in affiliate.

(f) Rate disclosed is the seven day yield as of June 30, 2013.

GMTN — Global Medium Term Note

MTN — Medium Term Note

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

38

Huntington Intermediate Government Income  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
U.S. Government Agencies		46.1%
U.S. Government Mortgage Backed Securities		29.0%
U.S. Treasury Obligations		21.6%
Cash1		1.8%
Collateralized Mortgage Obligations		1.5%
Total		100.0%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments (unaudited)

Principal Amount			Value
	U.S. Government Agencies — 45.9%
	Federal Farm Credit Bank — 16.4%
$	1,000,000	4.500%, 12/15/15	$	1,093,930
	2,000,000	4.875%, 12/16/15		2,206,290
	1,000,000	3.750%, 1/29/16		1,078,601
	1,000,000	5.270%, 9/1/16		1,137,701
	2,000,000	5.050%, 3/8/17		2,268,108
	1,000,000	5.550%, 8/1/17		1,166,743
	2,500,000	3.150%, 1/12/18		2,675,085
	1,000,000	4.250%, 4/16/18		1,115,096
	2,000,000	5.050%, 8/1/18		2,330,852
	2,000,000	2.800%, 10/28/20		2,050,160
	1,000,000	5.375%, 11/10/20		1,185,438
				18,308,004
	Federal Home Loan Bank — 27.7%
	1,000,000	4.375%, 9/13/13		1,008,464
	830,000	4.750%, 12/12/14		882,258
	2,500,000	2.875%, 6/12/15		2,620,300
	2,000,000	4.750%, 9/11/15		2,185,924
	2,000,000	1.900%, 12/29/15		2,063,736
	1,000,000	4.875%, 3/11/16		1,097,114
	1,000,000	0.375%, 6/24/16		988,765
	3,000,000	1.000%, 6/21/17		2,958,501
	2,000,000	3.125%, 12/8/17		2,144,358
	1,500,000	4.250%, 3/9/18		1,683,056
	3,000,000	4.125%, 12/13/19		3,318,597
	1,000,000	4.125%, 3/13/20		1,106,557
	2,000,000	3.000%, 3/18/20		2,075,858
	3,500,000	3.375%, 6/12/20		3,699,637
	2,000,000	3.625%, 6/11/21		2,139,504
	1,000,000	2.125%, 6/10/22		955,507
				30,928,136
	Federal National Mortgage Association — 1.8%
	2,000,000	1.375%, 11/15/16		2,027,492
	Total U.S. Government Agencies (Cost $48,354,534)			51,263,632

Principal Amount			Value
	U.S. Government Mortgage Backed Agencies — 28.9%
	Federal Home Loan Mortgage Corporation — 9.4%
$	71,999	Pool # E01184, 6.000%, 8/1/17	$	76,822
	233,361	Pool # B10827, 4.500%, 11/1/18		244,980
	453,892	Pool # J02717, 5.500%, 11/1/20		489,619
	214,792	Pool # C90699, 5.000%, 8/1/23		229,216
	170,237	Pool # C91167, 5.000%, 4/1/28		181,670
	901,116	Pool # C91451, 3.000%, 5/1/32		913,156
	5,906,799	Pool # C91606, 3.000%, 3/1/33		5,986,332
	112,972	Pool # G08005, 5.500%, 8/1/34		122,330
	202,540	Pool # 1G0865, 2.703%, 7/1/35 (a)		216,010
	453,043	Pool # 972190, 2.775%, 11/1/35 (a)		482,023
	208,470	Pool # G03609, 5.500%, 10/1/37		223,959
	1,304,502	Pool # G06784, 3.500%, 10/1/41		1,323,176
				10,489,293
	Federal National Mortgage Association — 13.9%
	50,016	Pool # 647408, 5.000%, 10/1/17		53,270
	310,646	Pool # 357805, 5.000%, 6/1/20		331,476
	335,632	Pool # 889799, 5.500%, 2/1/23		362,110
	115,247	Pool # 254911, 5.000%, 10/1/23		124,972
	281,754	Pool # 255360, 5.000%, 8/1/24		305,594
	287,925	Pool # 255767, 5.500%, 6/1/25		315,424
	334,616	Pool # 255984, 4.500%, 11/1/25		358,444
	307,808	Pool # 256116, 6.000%, 2/1/26		336,072
	243,193	Pool # 256213, 6.000%, 4/1/26		265,287
	217,700	Pool # 257536, 5.000%, 1/1/29		234,318
	383,777	Pool # MA0115, 4.500%, 7/1/29		406,620
	438,455	Pool # MA0563, 4.000%, 11/1/30		457,267
	929,614	Pool # MA0667, 4.000%, 3/1/31		969,751
	1,548,860	Pool # MA0706, 4.500%, 4/1/31		1,640,490
	574,290	Pool # MA0804, 4.000%, 7/1/31		599,667
	178,640	Pool # 254594, 5.500%, 1/1/33		195,768
	1,942,262	Pool # MA1314, 2.500%, 1/1/33		1,890,611
	2,935,384	Pool # MA1338, 3.000%, 2/1/33		2,965,869
	289,809	Pool # 783793, 6.000%, 7/1/34		323,875
	221,184	Pool # 807963, 5.000%, 1/1/35		241,199
	234,939	Pool # 806715, 5.500%, 1/1/35		257,589
	317,649	Pool # 735224, 5.500%, 2/1/35		347,653

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

39

Huntington Intermediate Government Income Fund (Continued)

Principal Amount			Value
	U.S. Government Mortgage Backed Agencies — (Continued)
	Federal National Mortgage Association — (Continued)
$	285,259	Pool # 868935, 5.500%, 5/1/36	$	309,479
	99,256	Pool # 907484, 6.000%, 1/1/37		107,866
	626,742	Pool # AD7906, 5.000%, 7/1/40		680,135
	618,760	Pool # AH6655, 4.000%, 2/1/41		644,926
	785,208	Pool # MA1044, 3.000%, 4/1/42		768,273
				15,494,005
	Government National Mortgage Association — 5.6%
	403,039	Pool # 683552, 5.500%, 2/15/23		428,683
	574,435	Pool # 666057, 5.000%, 3/15/23		617,597
	1,678,389	Pool # 741854, 4.000%, 5/15/25		1,787,949
	112,333	Pool # 2699, 6.000%, 1/20/29		128,480
	101,290	Pool # 576456, 6.000%, 3/15/32		113,737
	997,020	Pool # 4113, 5.000%, 4/20/38		1,079,335
	314,180	Pool # 676974, 5.500%, 5/15/38		342,384
	634,884	Pool # 733602, 5.000%, 4/15/40		712,481
	952,106	Pool # 4978, 4.500%, 3/20/41		1,026,242
				6,236,888
	Total U.S. Government Mortgage Backed Agencies (Cost $31,859,946)			32,220,186
	U.S. Treasury Obligations — 21.5%
	U.S. Treasury Notes — 21.5%
	2,000,000	4.250%, 11/15/14		2,110,000
	3,000,000	2.125%, 11/30/14		3,079,806
	1,500,000	0.250%, 2/15/15		1,499,121
	2,000,000	4.500%, 2/15/16		2,205,468
	2,000,000	5.125%, 5/15/16		2,256,094
	2,000,000	1.000%, 8/31/16		2,015,468
	3,000,000	1.375%, 11/30/18		2,979,375
	2,000,000	1.250%, 1/31/19		1,967,968
	2,000,000	2.625%, 11/15/20		2,083,906
	2,000,000	2.125%, 8/15/21		1,991,876
	2,000,000	1.625%, 11/15/22		1,867,032
	Total U.S. Treasury Obligations (Cost $23,427,368)			24,056,114

Principal Amount or Shares			Value
	Collateralized Mortgage Obligations — 1.5%
	Federal Home Loan Bank — 0.9%
$	1,000,000	Series Z2-2013, 4.375%, 2/13/15	$	1,061,086
	Federal Home Loan Mortgage Corporation — 0.1%
	109,014	Series 2555, 4.250%, 1/15/18		114,129
	53,183	Series 2976, 4.500%, 1/15/33		53,908
				168,037
	Federal National Mortgage Association — 0.1%
	5,034	Series 2003-11, 5.500%, 8/25/32		5,039
	56,324	Series 2003-16, 4.000%, 2/25/33		58,961
				64,000
	Government National Mortgage Association — 0.4%
	389,210	Series 2003-100, 5.500%, 1/20/23		393,937
	Total Collateralized Mortgage Obligations (Cost $1,615,233)			1,687,060
	Cash Equivalents — 1.8%
	2,027,229	Huntington U.S. Treasury Money Market Fund, Trust Shares 0.050% (b) (c)		2,027,229
	Total Cash Equivalents (Cost $2,027,229)			2,027,229
	Total Investments (Cost $107,284,310) — 99.6%			111,254,221
	Other Assets in Excess of Liabilities — 0.4%			444,357
	Net Assets — 100.0%		$	111,698,578

(a) Variable or Floating Rate Security. Rate disclosed is as of June 30, 2013.

(b) Investment in affiliate.

(c) Rate disclosed is the seven day yield as of June 30, 2013.

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

40

Huntington Mortgage Securities  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
U.S. Government Mortgage Backed Securities		79.8%
U.S. Government Agencies		9.5%
Real Estate Investment Trusts		5.0%
Cash1		4.6%
Collateralized Mortgage Obligations		0.9%
Short-Term Securities Held as Collateral for Securities Lending		0.2%
Total		100.0%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments (unaudited)

Principal Amount			Value
	U.S. Government Mortgage Backed Agencies — 79.5%
	Federal Home Loan Mortgage Corporation — 21.5%
$	94,999	Pool # J03237, 5.500%, 8/1/16	$	100,812
	233,361	Pool # B10827, 4.500%, 11/1/18		245,053
	201,760	Pool # J10396, 4.000%, 7/1/19		213,436
	111,811	Pool # G12297, 6.000%, 7/1/21		122,332
	665,797	Pool # J18448, 3.000%, 4/1/22		691,042
	342,817	Pool # G12867, 4.500%, 8/1/22		361,259
	179,523	Pool # C90779, 5.000%, 1/1/24		191,648
	193,955	Pool # C90859, 5.500%, 10/1/24		210,996
	169,536	Pool # C90999, 5.500%, 11/1/26		183,167
	170,237	Pool # C91167, 5.000%, 4/1/28		181,723
	233,325	Pool # C91175, 5.000%, 5/1/28		249,085
	1,282,850	Pool # C91296, 5.000%, 4/1/30		1,370,147
	1,117,952	Pool # C91336, 4.500%, 9/1/30		1,207,870
	1,779,006	Pool # C91441, 3.000%, 4/1/32		1,803,095
	1,802,232	Pool # C91451, 3.000%, 5/1/32		1,826,875
	2,456,439	Pool # D99717, 3.000%, 12/1/32		2,490,243
	119,044	Pool # A15284, 5.500%, 10/1/33		129,029
	225,945	Pool # G08005, 5.500%, 8/1/34		244,695
	203,079	Pool # 1G0865, 2.703%, 7/1/35 (a)		216,775
	135,680	Pool # G08168, 6.000%, 12/1/36		147,379
	159,801	Pool # A55565, 6.000%, 12/1/36		173,580
	179,632	Pool # G03498, 5.500%, 11/1/37		193,007
	464,863	Pool # A94008, 4.000%, 9/1/40		483,834
	783,088	Pool # A93936, 4.500%, 9/1/40		825,550
	978,377	Pool # G06784, 3.500%, 10/1/41		992,688
	1,963,690	Pool # G08521, 3.000%, 1/1/43		1,917,606
				16,772,926
	Federal National Mortgage Association — 52.3%
	136,307	Pool # 684488, 5.000%, 12/1/17		145,476
	221,096	Pool # 693256, 5.000%, 4/1/18		240,261
	122,519	Pool # 254720, 4.500%, 5/1/18		130,407
	158,254	Pool # 786729, 5.500%, 8/1/19		170,870
	1,131,616	Pool # MA0504, 3.500%, 8/1/20		1,183,328

Principal Amount			Value
	U.S. Government Mortgage Backed Agencies — (Continued)
	Federal National Mortgage Association — (Continued)
$	1,081,667	Pool # MA0654, 3.500%, 2/1/21	$	1,131,428
	100,733	Pool # 896597, 5.000%, 8/1/21		108,181
	153,283	Pool # 254831, 5.000%, 8/1/23		164,890
	321,223	Pool # 254908, 5.000%, 9/1/23		345,613
	303,812	Pool # 254911, 5.000%, 10/1/23		329,544
	137,475	Pool # 255320, 5.000%, 7/1/24		149,067
	883,581	Pool # 932438, 4.000%, 1/1/25		935,292
	505,154	Pool # 255711, 5.500%, 4/1/25		553,472
	105,811	Pool # 357771, 5.000%, 5/1/25		114,705
	139,322	Pool # 255834, 4.500%, 6/1/25		149,647
	334,616	Pool # 255984, 4.500%, 11/1/25		358,548
	384,760	Pool # 256116, 6.000%, 2/1/26		420,211
	440,512	Pool # 257163, 5.000%, 4/1/28		476,705
	270,060	Pool # 257238, 5.000%, 6/1/28		292,300
	199,207	Pool # 257281, 5.000%, 7/1/28		215,533
	217,700	Pool # 257536, 5.000%, 1/1/29		234,386
	385,856	Pool # MA0096, 4.500%, 6/1/29		411,139
	614,043	Pool # MA0115, 4.500%, 7/1/29		650,784
	731,996	Pool # MA0171, 4.500%, 9/1/29		776,069
	438,455	Pool # MA0563, 4.000%, 11/1/30		457,404
	1,188,360	Pool # MA0641, 4.000%, 2/1/31		1,239,912
	929,614	Pool # MA0667, 4.000%, 3/1/31		970,042
	1,548,861	Pool # MA0706, 4.500%, 4/1/31		1,640,974
	2,790,403	Pool # MA0776, 4.500%, 6/1/31		2,988,310
	574,290	Pool # MA0804, 4.000%, 7/1/31		599,846
	1,453,210	Pool # MA0976, 3.500%, 2/1/32		1,498,644
	2,156,021	Pool # MA1084, 3.500%, 6/1/32		2,221,487
	1,956,923	Pool # MA1338, 3.000%, 2/1/33		1,977,858
	331,586	Pool # 729535, 5.500%, 7/1/33		362,957
	277,520	Pool # 786457, 5.392%, 7/1/34 (a)		297,878
	289,809	Pool # 783793, 6.000%, 7/1/34		323,920
	172,940	Pool # 814261, 6.000%, 1/1/35		190,520
	234,939	Pool # 806715, 5.500%, 1/1/35		257,625
	317,649	Pool # 735224, 5.500%, 2/1/35		347,702

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

41

Huntington Mortgage Securities Fund (Continued)

Principal Amount or Shares			Value
	U.S. Government Mortgage Backed Agencies — (Continued)
	Federal National Mortgage Association — (Continued)
$	197,795	Pool # 845573, 2.425%, 2/1/36 (a)	$	210,490
	164,132	Pool # 745511, 5.000%, 4/1/36		176,417
	293,139	Pool # 745418, 5.500%, 4/1/36		318,477
	105,866	Pool # 888029, 6.000%, 12/1/36		115,219
	99,256	Pool # 907484, 6.000%, 1/1/37		107,882
	626,742	Pool # AD7906, 5.000%, 7/1/40		680,233
	1,166,820	Pool # AD7724, 5.000%, 7/1/40		1,262,860
	2,363,658	Pool # AE4310, 4.000%, 9/1/40		2,464,351
	965,854	Pool # AE0395, 4.500%, 10/1/40		1,028,483
	958,541	Pool # AE4628, 4.500%, 10/1/40		1,015,882
	928,140	Pool # AH6655, 4.000%, 2/1/41		967,680
	1,152,679	Pool # AJ5469, 3.500%, 11/1/41		1,172,062
	1,423,026	Pool # AB4106, 3.500%, 12/1/41		1,446,955
	4,646,172	Pool # AL2301, 3.500%, 8/1/42		4,725,102
				40,755,028
	Government National Mortgage Association —5.7%
	201,801	Pool # 683915, 5.000%, 1/15/23		217,348
	284,497	Pool # 691761, 5.000%, 7/15/23		305,918
	1,438,619	Pool # 741854, 4.000%, 5/15/25		1,532,978
	639,411	Pool # 4886, 4.500%, 12/20/25		685,544
	605,247	Pool # 3637, 5.500%, 11/20/34		668,123
	314,180	Pool # 676974, 5.500%, 5/15/38		342,433
	634,884	Pool # 733602, 5.000%, 4/15/40		712,580
				4,464,924
	Total U.S. Government Mortgage Backed Agencies (Cost $61,356,089)			61,992,878
	U.S. Government Agencies — 9.5%
	Federal Farm Credit Bank — 3.0%
	2,500,000	1.950%, 7/19/22		2,318,223
	Federal Home Loan Bank — 1.5%
	1,200,000	0.375%, 6/24/16		1,187,395
	Federal National Mortgage Association — 5.0%
	4,000,000	1.100%, 4/17/18		3,903,888
	Total U.S. Government Agencies (Cost $7,685,108)			7,409,506
	Common Stocks — 5.0%
	Real Estate Investment Trusts — 5.0%
	3,274	Acadia Realty Trust		80,835
	1,900	Alexandria Real Estate Equities, Inc.		124,868
	3,900	American Campus Communities, Inc.		158,574
	400	Associated Estates Realty Corp.		6,432
	400	BioMed Realty Trust, Inc.		8,092
	1,600	Boston Properties, Inc.		168,752
	200	Brandywine Realty Trust		2,704
	400	Brookfield Office Properties, Inc.		6,672
	500	Camden Property Trust		34,570
	1,800	Colonial Properties Trust		43,416

Principal Amount or Shares			Value
	Common Stocks — (Continued)
	Real Estate Investment Trusts — (Continued)
	500	Coresite Realty Corp.	$	15,905
	500	CubeSmart		7,990
	900	DDR Corp.		14,985
	200	DiamondRock Hospitality Co.		1,864
	2,700	Digital Realty Trust, Inc.		164,700
	6,600	Douglas Emmett, Inc.		164,670
	5,300	Duke Realty Corp.		82,627
	2,500	DuPont Fabros Technology, Inc.		60,375
	2,600	EastGroup Properties, Inc.		146,302
	2,400	Equity Lifestyle Properties, Inc.		188,616
	2,400	Equity Residential		139,344
	500	Extra Space Storage, Inc.		20,965
	700	Essex Property Trust, Inc.		111,244
	400	Excel Trust, Inc.		5,124
	700	Federal Realty Investment Trust		72,576
	1,000	General Growth Properties, Inc.		19,870
	1,400	HCP, Inc.		63,616
	300	Health Care REIT, Inc.		20,109
	1,100	Healthcare Realty Trust, Inc.		28,050
	3,200	Home Properties, Inc.		209,184
	4,416	Host Hotels & Resorts, Inc.		74,498
	4,800	Kimco Realty Corp.		102,864
	2,500	Kite Realty Group Trust		15,075
	3,000	LaSalle Hotel Properties		74,100
	2,715	Macerich Co./The		165,534
	2,600	National Retail Properties, Inc. (b)		89,440
	1,300	Pennsylvania Real Estate Investment Trust		24,544
	900	Post Properties, Inc.		44,541
	1,743	ProLogis, Inc.		65,746
	900	Public Storage, Inc.		137,997
	2,200	Regency Centers Corp.		111,782
	700	Retail Properties of America, Inc.		9,996
	800	Sabra Health Care REIT, Inc.		20,888
	1,400	Simon Property Group, Inc.		221,088
	203	SL Green Realty Corp.		17,903
	500	Sovran Self Storage, Inc.		32,395
	5,000	Tanger Factory Outlet Centers, Inc.		167,300
	3,676	UDR, Inc.		93,701
	1,200	Ventas, Inc.		83,352
	836	Vornado Realty Trust		69,263
	300	Washington Real Estate Investment Trust		8,073
	2,800	Weingarten Realty Investors (b)		86,156
	Total Common Stocks (Cost $2,086,355)			3,889,267
	Collateralized Mortgage Obligations — 0.9%
	Federal Home Loan Mortgage Corporation — 0.6%
$	149,040	Series 3322, 5.250%, 4/15/17		153,526
	187,247	Series 2497, 5.000%, 9/15/17		199,413
	70,076	Series 2770, 4.000%, 1/15/18		70,796
	53,183	Series 2976, 4.500%, 1/15/33		53,929
				477,664

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

42

Huntington Mortgage Securities Fund (Continued)

Principal Amount or Shares			Value
	Collateralized Mortgage Obligations — (Continued)
	Federal National Mortgage Association — 0.3%
$	174,560	Series 1999-13, 6.000%, 4/25/29	$	195,332
	Total Collateralized Mortgage Obligations (Cost $634,629)			672,996
	Cash Equivalents — 4.6%
	3,550,120	Huntington U.S. Treasury Money Market Fund, Trust Shares 0.050% (c) (d)		3,550,120
	Total Cash Equivalents (Cost $3,550,120)			3,550,120
	Short-Term Securities Held as Collateral for Securities Lending — 0.2%
	173,768	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (d)		173,768
	Total Short-Term Securities Held as Collateral for Securities Lending (Cost $173,768)			173,768
	Total Investments (Cost $75,486,069) — 99.7%			77,688,535
	Other Assets in Excess of Liabilities — 0.3%			255,574
	Net Assets — 100.0%		$	77,944,109

(a) Variable or Floating Rate Security. Rate disclosed is as of June 30, 2013.

(b) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $169,079.

(c) Investment in affiliate.

(d) Rate disclosed is the seven day yield as of June 30, 2013.

(See notes which are an integral part of the Financial Statements)

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43

Huntington Ohio  Tax-Free Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
School Districts		36.5%
General Obligation		34.7%
Higher Education		14.8%
Water		7.0%
Single Family Housing		1.9%
Airport		1.5%
Pollution		1.5%
Facilities		1.4%
Transportation		0.5%
Cash		0.2%
Total		100.0%

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments (unaudited)

Principal Amount			Value
	Municipal Bonds — 99.6%
	Ohio — 99.6%
$	100,000	Akron, OH, Various Purposes, G.O., (AGM Ins.), 5.000%, 12/1/20	$	111,663
	500,000	Akron, OH, Income Tax Revenue, Series A, 5.000%, 12/1/23		572,625
	225,000	Akron, OH, G.O., (AMBAC Ins.), 5.000%, 12/1/24		240,588
	405,000	Akron, OH, Various Purposes, G.O., 5.000%, 12/1/26		438,745
	100,000	Ashland, OH, Various Purposes, G.O., (National Reinsurance), 4.500%, 12/1/22		100,855
	500,000	Avon, OH, Local School District, G.O., Series A, 0.000%, 12/1/25 (a)		312,615
	150,000	Barberton, OH, City School District, G.O., (Student Credit Program), 5.000%, 12/1/22		164,319
	300,000	Bath, OH, Local School District, G.O., (AGM Ins.), 0.000%, 12/1/18 (a)		258,831
	300,000	Bowling Green, OH, City School District, School Facilities Construction and Improvement, G.O., (AGM Ins.), 5.000%, 12/1/23		322,899
	320,000	Bowling Green, OH, City School District, G.O., (AGM Ins.), 5.000%, 12/1/24		342,589
	560,000	Brookfield, OH, Local School District, School Facilities Improvement, G.O., (AGM Ins.), 5.000%, 1/15/22		618,380

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	500,000	Bucyrus, OH, City School District, School Improvement, G.O., (Student Credit Program), 0.000%, 12/1/22 (a)	$	365,840
	400,000	Butler County, OH, G.O., (AMBAC Ins.), 4.750%, 12/1/24		415,508
	500,000	Centerville, OH, G.O., (National Reinsurance), 5.000%, 12/1/20		506,180
	150,000	Central Ohio Solid Waste Authority, G.O., 5.000%, 12/1/24		171,787
	300,000	Cincinnati, OH, Various Purposes, G.O., Series C, 5.000%, 12/1/19		335,733
	500,000	Cincinnati, OH, Water System Revenue, Series A, 5.000%, 12/1/22		588,060
	100,000	Cincinnati, OH, City School District, School Improvement, G.O., 5.250%, 6/1/25		113,613
	350,000	Cincinnati, OH, G.O., Series A, 5.000%, 12/1/27		387,856
	250,000	Cleveland, OH, Capital Improvement, G.O., Series A, (AGM Ins.), 5.000%, 12/1/21		279,430
	500,000	Cleveland, OH, Waterworks Revenue, Series P, 5.000%, 1/1/22		548,365
	200,000	Cleveland, OH, Public Facilities Improvement Revenue, Series A, 4.000%, 10/1/22		211,726

(See notes which are an integral part of the Financial Statements)

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44

Huntington Ohio Tax-Free Fund (Continued)

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	365,000	Cleveland, OH, Airport System Revenue, Series C, (Assured Guaranty), 5.000%, 1/1/23	$	394,043
	245,000	Cleveland, OH, Waterworks Revenue, Series P, 5.000%, 1/1/26		261,631
	150,000	Clyde-Green Springs, OH, Exempted Village School District, School Facilities Construction and Improvement, G.O., (AGM Ins., Student Credit Program), 5.000%, 12/1/19		165,547
	100,000	Clyde-Green Springs, OH, Exempted School District, G.O., (AGM Ins., Student Credit Program), 4.375%, 12/1/25		103,230
	250,000	Columbus, OH, Regional Airport Authority Revenue, (MBIA Ins.), 5.000%, 1/1/20		270,527
	100,000	Columbus, OH, Regional Airport Authority Revenue, (AGM National Reinsurance), 5.000%, 1/1/21		107,967
	505,000	Columbus, OH, Various Purposes, G.O., 5.000%, 7/1/23		591,921
	100,000	Columbus, OH, City School District, School Facilities Construction and Improvement, G.O., (AGM Ins.), 4.750%, 12/1/25		109,195
	500,000	Columbus, OH, Multi Utility Improvement, G.O., Series A, 5.000%, 2/15/26		572,365
	500,000	Columbus, OH, G.O., Series 1, 5.000%, 7/1/28		564,145
	55,000	Columbus, OH , Sewer Revenue, Series A, 5.000%, 6/1/24		59,701
	500,000	Cuyahoga Community College District, General Receipts Revenue, Series D, 5.000%, 8/1/25		562,020
	220,000	Cuyahoga Community College District, General Receipts Revenue, Series D, 5.000%, 8/1/26		245,287
	200,000	Cuyahoga County, OH, Various Purposes, G.O., Series A, 5.000%, 12/1/21		230,726
	860,000	Cuyahoga County, OH, Capital Improvement, G.O., Series A, 4.000%, 12/1/24		906,801
	220,000	Dalton, OH, Local School District, School Improvement, G.O., (Student Credit Program), 5.000%, 8/1/24		245,045

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	490,000	Dalton, OH, School Improvement, School Improvement, G.O., (Student Credit Program), 5.000%, 8/1/25	$	541,857
	155,000	Forest Hills, OH, Local School District, G.O., (AGM Ins.), 4.750%, 12/1/16		157,370
	75,000	Franklin County, OH, South-Western City School District, School Facilities Construction and Improvement, G.O., (AGM Ins.), 4.250%, 12/1/26		78,988
	350,000	Franklin County, OH, South-Western City School District, School Facilities Construction and Improvement, G.O., (Student Credit Program), 4.500%, 12/1/30		363,797
	75,000	Franklin County, OH, Various Purposes, G.O., 5.000%, 12/1/31		81,379
	35,000	Gallia, OH, Local School District, G.O., (AGM Ins.), 4.500%, 12/1/20		36,692
	500,000	Geneva, OH, City School District, School Improvement, G.O., (Student Credit Program), 4.500%, 12/1/25		526,420
	200,000	Graham, OH, Local School District, School Improvement, G.O., (Student Credit Program), 0.000%, 12/1/29 (a)		96,820
	500,000	Grove City, OH, South-Western City School District, School Facilities Construction and Improvement, G.O., (AGM Ins.), 4.750%, 12/1/22		542,530
	1,000,000	Grove City, OH, South-Western City School District, School Facilities Construction and Improvement, G.O., (Student Credit Program), 4.250%, 12/1/28		1,036,020
	170,000	Hamilton County, OH, Student Housing Revenue, Stratford Heights Project, (AGM Ins.), 5.000%, 6/1/18		187,209
	200,000	Hamilton County, OH, Sewer Systems Revenue, Series A, (MBIA Ins.), 5.000%, 12/1/20		221,430
	280,000	Hamilton, OH, Various Purposes, G.O., (Assured Guaranty), 5.000%, 11/1/21		312,046
	300,000	Hamilton, OH, Various Purpose Street Improvement and Building, G.O., 5.000%, 11/1/21		334,335
	100,000	Hamilton, OH, City School District, School Improvement, G.O., (AGM Ins.), 5.000%, 12/1/21		110,042

(See notes which are an integral part of the Financial Statements)

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45

Huntington Ohio Tax-Free Fund (Continued)

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	500,000	Hilliard, OH, Various Purposes, G.O., 5.000%, 12/1/24	$	573,940
	50,000	Huber Heights, OH, City School District, School Improvement, G.O., 5.000%, 12/1/20		57,810
	200,000	Huber Heights, OH, City School District, School Improvement, G.O., 4.750%, 12/1/24		219,780
	75,000	Independence, OH, Rockside Road Improvement, G.O., (AMBAC Ins.), 5.000%, 12/1/20		80,582
	160,000	Jackson, OH, Local School District, Stark and Summit Counties, G.O., (AGM Ins.), 5.000%, 12/1/18		166,624
	615,000	Kent State University, OH, General Receipts Revenue, Series B, (Assured Guaranty), 5.000%, 5/1/23		689,021
	50,000	Kettering, OH, City School District, School Improvement, G.O., (AGM Ins.), 4.750%, 12/1/19		55,787
	400,000	Kettering, OH, City School District, School Improvement, G.O., (AGM Ins.), 4.750%, 12/1/22		434,104
	500,000	Kings, OH, Local School District, School Improvement, G.O., Series A, 0.000%, 12/1/26 (a)		294,740
	100,000	Lake, OH, Local School District, Stark County School Improvement, G.O., (AGM Ins.), 5.000%, 12/1/18		105,828
	150,000	Lakota, OH, Local School District, G.O., 4.000%, 12/1/24		162,450
	390,000	Lancaster, OH, City School District, School Facilities Construction and Improvement, G.O., (Student Credit Program), 4.000%, 10/1/21		421,243
	430,000	Lebanon, OH, City School District, G.O., (AGM Ins.), 5.000%, 12/1/23		474,028
	250,000	Marysville, OH, Exempted Village School District, G.O., (AGM Ins.), 5.000%, 12/1/23		266,042
	50,000	Marysville, OH, Exempted Village School District, G.O., (AGM Ins.), 5.000%, 12/1/24		53,100
	300,000	Mason, OH, Sewer Systems, G.O., 4.500%, 12/1/22		340,383
	1,100,000	Mason, OH, Sewer Systems, G.O., 5.000%, 12/1/26		1,252,801

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	50,000	Miami University, OH, General Receipts Revenue, (AMBAC Ins.), 5.000%, 9/1/23	$	54,291
	500,000	Miami University, OH, General Receipts Refunding Revenue, 5.000%, 9/1/26		557,705
	225,000	Miamisburg, OH, City School District, School Facilities Construction and Improvement, G.O., 5.000%, 12/1/26		247,788
	200,000	Middletown, OH, School Improvement, G.O., (AGM Ins.), 4.375%, 12/1/20		212,656
	500,000	Middletown, OH, Various Purposes, G.O., (AGM Ins.), 5.000%, 12/1/21		562,345
	300,000	Milford, OH, Exempt Village School District, G.O., (AGC Ins.), 4.625%, 12/1/21		327,306
	540,000	Montgomery County, OH, Refunding & Improvement, G.O., (National Reinsurance), 5.000%, 12/1/21		569,014
	200,000	Mount Healthy, OH, City School District, School Improvement, G.O., (AGM Ins.), 5.250%, 12/1/19		227,246
	250,000	Mount Healthy, OH, City School District, School Improvement, G.O., (AGM Ins.), 5.000%, 12/1/25		269,470
	270,000	Mount Healthy, OH, City School District, School Improvement, G.O., (AGM Ins.), 5.000%, 12/1/31		282,658
	50,000	Mount Vernon, OH, City School District, G.O., (AGM Ins.), 5.000%, 12/1/17		52,567
	300,000	New Albany, OH, Plain Local School District, Various Purposes, G.O., 4.000%, 12/1/22		325,716
	50,000	Nordonia Hills, OH , City School District, School Improvement, G.O., (National Reinsurance, FGIC Ins.), 4.500%, 12/1/20		53,486
	205,000	Northmont, OH, City School District, School Improvement, G.O., Series A, (Student Credit Program), 4.000%, 11/1/24		215,826
	100,000	Northmor, OH, Local School District, School Facilities Construction and Improvement, G.O., (Student Credit Program), 4.750%, 11/1/28		104,538

(See notes which are an integral part of the Financial Statements)

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46

Huntington Ohio Tax-Free Fund (Continued)

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	200,000	Ohio Capital Asset Financing Program Fractionalized Interests, G.O., Series B, 5.000%, 12/1/22	$	215,792
	350,000	Ohio Higher Educational Facility Commission, Revenue, University of Dayton Project, (AMBAC Ins.), 5.000%, 12/1/25		380,824
	110,000	Ohio Housing Finance Agency, Single-Family Mortgage Revenue, Series 3, 2.650%, 5/1/17		109,680
	375,000	Ohio Housing Finance Agency, Single-Family Mortgage Revenue, Series 3, 2.550%, 11/1/17		386,655
	275,000	Ohio Housing Finance Agency, Single-Family Mortgage Revenue, Series 3, 3.250%, 5/1/20		271,210
	100,000	Ohio State, Infrastructure Improvement, G.O., Series A, 5.000%, 3/1/20		109,728
	300,000	Ohio State, Major New Street Infrastructure Project Revenue, Series 2008-1, 5.500%, 6/15/20		341,655
	175,000	Ohio State, Infrastructure Improvement, G.O., Series A, 5.000%, 9/1/20		199,589
	350,000	Ohio State, Infrastructure Improvement, G.O., Series D, 5.000%, 9/15/20		384,244
	100,000	Ohio State, Building Authority, Administration Building Fund Revenue, Series A, 4.000%, 10/1/20		107,423
	240,000	Ohio State, Turnpike Commission Revenue, Series A, 5.000%, 2/15/21		271,253
	250,000	Ohio State, Infrastructure Improvement, G.O., Series D, 5.000%, 9/15/21		274,110
	525,000	Ohio State, Parks & Recreation Revenue, G.O., Series A, 5.250%, 9/1/22		615,352
	135,000	Ohio State, Building Authority, Administration Building Fund Revenue, Series A, 5.000%, 10/1/22		149,896
	500,000	Ohio State, Water Development Authority, Drinking Water Assistance Fund Revenue, 5.000%, 12/1/22		563,585
	175,000	Ohio State, Common Schs, G.O., Series B, 5.000%, 3/15/23		203,723

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	130,000	Ohio State, Infrastructure Improvement, G.O., Series A, 5.000%, 9/1/23	$	143,360
	655,000	Ohio State, Infrastructure Improvement, G.O., Series A, 5.375%, 9/1/23		753,211
	400,000	Ohio State, Administration Building Fund Revenue, Series A, 5.000%, 10/1/23		441,464
	500,000	Ohio State, Water Development Authority, State of Ohio Pollution Control Revenue, Series A, 5.000%, 12/1/23		571,385
	605,000	Ohio State, Highway Capital Improvements, G.O., Series Q, 5.000%, 5/1/24		700,239
	600,000	Ohio State, School Improvement, G.O., Series B, 5.000%, 9/15/24		685,920
	405,000	Ohio State, Highway Capital Improvements, G.O., Series Q, 5.000%, 5/1/28		451,101
	340,000	Ohio State University/The, Revenue, Series A, 4.250%, 12/1/24		366,537
	30,000	Ohio State University/The, Revenue, Series A, 5.000%, 6/1/25		31,627
	500,000	Ohio State University/The, Revenue, Series A, 5.000%, 6/1/25		585,835
	255,000	Ohio State University/The, Revenue, Series A, 5.000%, 12/1/26		283,387
	90,000	Ohio State University/The, Revenue, Series A, 5.000%, 12/1/27		99,543
	585,000	Ohio State University/The, Revenue, Series A, 5.000%, 12/1/28		643,945
	100,000	Ohio University, General Receipts Revenue, Series B, (AGM Ins.), 5.000%, 12/1/23		108,636
	700,000	Olentangy, OH, Local School District, G.O., Series A, (AGM Ins.), 5.000%, 12/1/22		767,683
	250,000	Oregon, OH, City School District, School Improvement, G.O., 4.000%, 12/1/29		236,382
	100,000	Reynoldsburg, OH, City School District, School Facilities Construction and Improvement, G.O., (Student Credit Program) 5.000%, 12/1/20		112,717

(See notes which are an integral part of the Financial Statements)

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47

Huntington Ohio Tax-Free Fund (Continued)

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	470,000	River Valley, OH, Local School District, G.O., (AGM Ins., Student Credit Program), 5.250%, 11/1/23	$	555,507
	300,000	Sheffield Lake, OH, City School District, School Improvement, G.O., 5.000%, 12/1/25		325,455
	125,000	Sidney, OH, City School District, G.O., (National Reinsurance, FGIC Ins.), 4.750%, 12/1/20		135,261
	500,000	South Euclid, OH, Real Estate Acquisition & Urban Development, G.O., 5.000%, 6/1/32		541,440
	780,000	Southwest Licking, OH, Local School District, G.O., (AMBAC Ins.), 5.000%, 12/1/19		812,120
	595,000	Springfield, OH, City School District, School Improvement, G.O., (AGM Ins., Student Credit Program), 5.000%, 12/1/19		664,413
	125,000	Springfield, OH, City School District, School Improvement, G.O., (AGM Ins., Student Credit Program), 5.000%, 12/1/21		137,956
	500,000	Switzerland, OH, Local School District, School Improvement, G.O., (Student Credit Program), 5.000%, 12/1/27		558,345
	235,000	Sylvania, OH, City School District, School Improvement, G.O., (Assured Guaranty), 5.000%, 12/1/18		264,601
	225,000	Toledo, OH, Sewer System Revenue, (AMBAC Ins.), 5.000%, 11/15/18		227,839
	700,000	Toledo, OH, Waterworks Revenue, (MBIA Ins.), 5.000%, 11/15/19		774,011
	300,000	Toledo, OH, Waterworks Revenue, (National Reinsurance, FGIC Ins.), 5.000%, 11/15/22		331,719
	300,000	Toledo, OH, City School District, School Facilities Improvement, G.O., Series B, (Student Credit Program), 5.000%, 12/1/24		341,745
	400,000	Trotwood, OH, Trotwood-Madison City School District, School Improvement, G.O., (AGM Ins.), 4.250%, 12/1/18		425,712
	75,000	Trumbull County, OH, Various Purposes, G.O., Series B, (AGM Ins.), 5.000%, 12/1/20		84,190

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	50,000	Trumbull County, OH, Various Purposes, G.O., (AGM Ins.), 5.000%, 12/1/28	$	53,337
	235,000	Twinsburg, OH , Local School District Refunding, G.O., (National Reinsurance, FGIC Ins.), 5.000%, 12/1/18		246,743
	350,000	University of Akron, OH, General Receipts Revenue, Series A, (AGM Ins.), 5.000%, 1/1/21		390,925
	500,000	University of Akron, OH, General Receipts Revenue, Series B, (AGM Ins.), 5.250%, 1/1/24		556,085
	250,000	University of Cincinnati, OH, General Receipts Revenue, Series A, (AMBAC Ins.), 5.000%, 6/1/17		267,500
	300,000	University of Cincinnati, OH, General Receipts Revenue, Series A, (National Reinsurance), 5.000%, 6/1/19		333,093
	300,000	University of Cincinnati, OH, General Receipts Revenue, Series A, (AMBAC Ins.), 5.000%, 6/1/19		318,534
	500,000	University of Cincinnati, OH, General Receipts Revenue, Series A, (AGM Ins.), 5.000%, 6/1/20		540,585
	105,000	University of Cincinnati, OH, General Receipts Revenue, Series F, 5.000%, 6/1/21		122,269
	500,000	University of Cincinnati, OH, General Receipts Revenue, Series A, (MBIA Ins.), 5.000%, 6/1/22		544,535
	400,000	University of Toledo, OH, General Receipts Revenue, Series A, (AMBAC Ins.), 5.000%, 6/1/19		439,372
	60,000	Wapakoneta, OH, City School District, School Improvement, G.O., (AGM Ins., Student Credit Program), 4.750%, 12/1/28		63,162
	100,000	Warren, OH, City School District, School Improvement, G.O., (Student Credit Program), 4.000%, 12/1/25		103,603
	500,000	Warren, OH, City School District, School Improvement, G.O., (Student Credit Program), 4.000%, 12/1/30		500,545
	650,000	Washington Court House, OH, School Improvements, G.O., (National Reinsurance, FGIC Ins.), 5.000%, 12/1/19		682,324

(See notes which are an integral part of the Financial Statements)

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48

Huntington Ohio Tax-Free Fund (Continued)

Principal Amount			Value
	Municipal Bonds — (Continued)
	Ohio — (Continued)
$	125,000	Westerville, OH, Various Purposes, G.O., (AMBAC Ins.), 5.000%, 12/1/23	$	137,587
	100,000	Westerville, OH, Various Purposes, G.O., (AMBAC Ins.), 5.000%, 12/1/24		109,633
	250,000	Worthington, OH, City School District, School Facilities Construction and Improvement, G.O., 4.000%, 12/1/26		264,382
	300,000	Wyoming, OH, School District, Refunding School Improvement, G.O., (AGM Ins.), 5.000%, 12/1/20		320,712
	Total Municipal Bonds (Cost $51,520,199)			50,879,099

Shares			Value
	Cash Equivalents — 0.2%
	95,272	Fidelity Institutional Tax-Exempt Money Market Portfolio, Class I 0.010% (b)	$	95,272
	Total Cash Equivalents (Cost $95,272)		$	95,272
	Total Investments (Cost $51,615,471) — 99.8%			50,974,371
	Other Assets in Excess of Liabilities — 0.2%			100,264
	Net Assets — 100.0%		$	51,074,635

(a) Zero coupon capital appreciation bond.

(b) Rate disclosed is the seven day yield as of June 30, 2013.

AGC — Assured Guaranty Corp.

AGM — Assured Guaranty Municipal Corp.

AMBAC — American Municipal Bond Assurance Corp.

FGIC — Financial Guaranty Insurance Co.

G.O. — General Obligation

MBIA — Municipal Bond Insurance Association

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

49

Huntington Short/Intermediate Fixed Income  Securities Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Corporate Bonds		85.4%
U.S. Government Agencies		9.6%
U.S. Treasury Obligations		2.8%
Cash1		2.2%
Total		100.0%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments (unaudited)

Principal Amount			Value
	Corporate Bonds — 82.9%
	Consumer Discretionary — 5.7%
$	2,000,000	Amazon.com, Inc., 1.200%, 11/29/17	$	1,934,268
	1,000,000	Home Depot, Inc./The, 5.250%, 12/16/13		1,021,582
	1,000,000	Johnson Controls, Inc., 4.875%, 9/15/13		1,008,457
	2,000,000	TCM Sub LLC, 3.550%, 1/15/15 (a)		2,071,744
	2,000,000	Time Warner, Inc., 3.150%, 7/15/15		2,089,134
	1,000,000	Walt Disney Co./The, 4.500%, 12/15/13		1,018,082
				9,143,267
	Consumer Staples — 6.6%
	2,000,000	Anheuser-Busch InBev Worldwide, Inc., 1.375%, 7/15/17		1,968,402
	2,000,000	Coca-Cola Enterprises, Inc., 1.125%, 11/12/13		2,004,306
	1,000,000	CVS Caremark Corp., 4.875%, 9/15/14		1,049,890
	1,585,000	General Mills, Inc., 5.250%, 8/15/13		1,593,737
	2,000,000	Kellogg Co., 1.750%, 5/17/17		1,984,938
	2,000,000	Kroger Co./The, 2.200%, 1/15/17		2,007,948
				10,609,221
	Energy — 7.3%
	1,000,000	Apache Corp., 6.000%, 9/15/13		1,010,494
	267,000	ConocoPhillips, 4.750%, 2/1/14		273,479
	2,000,000	FMC Technologies, Inc., 2.000%, 10/1/17		1,966,864
	2,000,000	Kinder Morgan Energy Partners LP, 5.125%, 11/15/14		2,113,028
	2,000,000	Murphy Oil Corp., 2.500%, 12/1/17		1,972,568
	2,000,000	Schlumberger Norge AS, 1.950%, 9/14/16 (a)		2,037,772
	2,250,000	Spectra Energy Capital LLC, 5.900%, 9/15/13		2,272,975
				11,647,180
	Financials — 22.3%
	2,000,000	American Express Credit Co., MTN, 2.750%, 9/15/15		2,074,526

Principal Amount			Value
	Corporate Bonds — (Continued)
	Financials — (Continued)
$	2,000,000	Bank of America Corp., MTN, 1.250%, 1/11/16	$	1,972,296
	2,000,000	Bank of Montreal, MTN, 2.500%, 1/11/17		2,050,144
	2,000,000	Bank of New York Mellon Corp./The, MTN, 2.400%, 1/17/17		2,040,562
	2,000,000	Bank of Nova Scotia, 1.375%, 12/18/17		1,941,700
	2,000,000	BB&T Corp., MTN, 1.600%, 8/15/17		1,955,890
	1,000,000	Boeing Capital Corp., 3.250%, 10/27/14		1,034,936
	1,500,000	Citigroup, Inc., 6.010%, 1/15/15		1,601,887
	2,000,000	Fifth Third Bancorp, 3.625%, 1/25/16		2,111,332
	2,500,000	General Electric Capital Corp., GMTN, 1.600%, 11/20/17		2,440,467
	1,500,000	Goldman Sachs Group, Inc./The, 5.500%, 11/15/14		1,585,205
	2,000,000	HSBC Bank PLC, 3.500%, 6/28/15 (a)		2,097,186
	1,000,000	KeyBank NA, 5.091%, 3/26/15		1,071,035
	2,000,000	Manulife Financial Corp., 3.400%, 9/17/15		2,089,568
	2,000,000	Metropolitan Life Global Funding I, 1.500%, 1/10/18 (a)		1,939,018
	2,000,000	Prudential Financial, Inc., MTN, 3.875%, 1/14/15		2,083,622
	2,000,000	Royal Bank of Canada, 1.450%, 10/30/14		2,021,278
	2,000,000	US Bancorp, MTN, 2.200%, 11/15/16		2,051,494
	1,500,000	Wells Fargo & Co., 1.500%, 1/16/18		1,462,989
				35,625,135
	Health Care — 14.2%
	2,000,000	Cardinal Health, Inc., 1.700%, 3/15/18		1,940,468
	2,232,000	Celgene Corp., 2.450%, 10/15/15		2,298,610
	2,000,000	Covidien International Finance SA, 2.800%, 6/15/15		2,070,046
	2,000,000	Express Scripts Holding Co., 2.650%, 2/15/17		2,036,506
	2,000,000	Howard Hughes Medical Institute, 3.450%, 9/1/14		2,066,266

(See notes which are an integral part of the Financial Statements)

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50

Huntington Short/Intermediate Fixed Income Securities Fund (Continued)

Principal Amount			Value
	Corporate Bonds — (Continued)
	Health Care — (Continued)
$	2,000,000	Laboratory Corp. of America Holdings, 2.200%, 8/23/17	$	1,985,658
	2,000,000	McKesson Corp., 1.400%, 3/15/18		1,930,418
	1,000,000	Medtronic, Inc., 2.625%, 3/15/16		1,038,163
	2,000,000	Quest Diagnostics Inc., 3.200%, 4/1/16		2,074,926
	2,000,000	Thermo Fisher Scientific, Inc., 2.250%, 8/15/16		2,029,316
	2,000,000	WellPoint, Inc., 5.250%, 1/15/16		2,186,562
	1,000,000	Zimmer Holdings, Inc., 1.400%, 11/30/14		1,006,669
				22,663,608
	Industrials — 6.6%
	1,000,000	3M Co., MTN, 4.375%, 8/15/13		1,004,703
	2,000,000	Caterpillar, Inc., 1.500%, 6/26/17		1,979,890
	2,000,000	Danaher Corp., 2.300%, 6/23/16		2,067,948
	2,000,000	Eaton Corp., 1.500%, 11/2/17 (a)		1,941,432
	1,000,000	Ecolab, Inc., 3.000%, 12/8/16		1,043,331
	1,500,000	JB Hunt Transport Services, Inc., 3.375%, 9/15/15		1,563,869
	1,000,000	Roper Industries, Inc., 1.850%, 11/15/17		984,154
				10,585,327
	Information Technology — 5.4%
	1,000,000	Broadcom Corp., 2.375%, 11/1/15		1,030,567
	1,500,000	Hewlett-Packard Co., 3.300%, 12/9/16		1,557,072
	2,000,000	Oracle Corp., 1.200%, 10/15/17		1,942,442
	2,000,000	Symantec Corp., 2.750%, 9/15/15		2,062,138
	2,000,000	Texas Instruments, Inc., 2.375%, 5/16/16		2,073,302
				8,665,521
	Materials — 7.6%
	2,000,000	Air Products & Chemicals, Inc., 2.000%, 8/2/16		2,049,200
	1,150,000	Airgas, Inc., 1.650%, 2/15/18		1,116,803
	2,000,000	Barrick Gold Corp., 2.900%, 5/30/16		1,972,804
	2,000,000	Eastman Chemical Co., 2.400%, 6/1/17		2,003,498
	2,000,000	Freeport-McMoRan Copper & Gold, Inc., 2.150%, 3/1/17		1,957,580
	2,000,000	Sherwin-Williams Co./The, 3.125%, 12/15/14		2,067,422
	1,000,000	Xstrata PLC, 2.450%, 10/25/17 (a)		969,781
				12,137,088
	Real Estate Investment Trusts — 2.0%
	1,000,000	HCP, Inc., 2.700%, 2/1/14		1,009,985
	2,060,000	Simon Property Group LP, 4.200%, 2/1/15		2,145,850
				3,155,835
	Telecommunication Services — 2.6%
	2,000,000	AT&T, Inc., 2.400%, 8/15/16		2,061,124
	1,000,000	Verizon Communications, Inc., 1.950%, 3/28/14		1,010,067

Principal Amount or Shares			Value
	Corporate Bonds — (Continued)
	Telecommunication Services — (Continued)
$	1,000,000	Verizon Wireless, 7.375%, 11/15/13	$	1,023,831
				4,095,022
	Utilities — 2.6%
	1,800,000	Questar Corp., 2.750%, 2/1/16		1,868,537
	1,262,000	Southern Co., 4.150%, 5/15/14		1,300,929
	1,000,000	Southern Co., 2.375%, 9/15/15		1,030,012
				4,199,478
	Total Corporate Bonds (Cost $132,101,618)			132,526,682
	U.S. Government Agencies — 9.3%
	Federal Agricultural Mortgage Corporation — 1.9%
	3,000,000	3.250%, 6/25/14		3,083,856
	Federal Home Loan Bank — 4.5%
	1,000,000	4.375%, 9/13/13		1,008,464
	2,000,000	4.750%, 11/14/14		2,121,796
	2,000,000	1.750%, 9/11/15		2,055,124
	2,000,000	1.900%, 12/29/15		2,063,736
				7,249,120
	Federal National Mortgage Association — 2.9%
	1,500,000	1.300%, 11/17/14		1,520,288
	3,000,000	1.625%, 10/26/15		3,074,373
				4,594,661
	Total U.S. Government Agencies (Cost $14,632,466)			14,927,637
	U.S. Treasury Obligations — 2.7%
	U.S. Treasury Notes — 2.7%
	4,250,000	1.000%, 8/31/16		4,282,869
	Total U.S. Treasury Obligations (Cost $4,272,955)			4,282,869
	Cash Equivalents — 2.1%
	3,356,085	Huntington U.S. Treasury Money Market Fund, Trust Shares 0.050% (b) (c)		3,356,085
	Total Cash Equivalents (Cost $3,356,085)			3,356,085
	Total Investments (Cost $154,363,124) — 97.0%			155,093,273
	Other Assets in Excess of Liabilities — 3.0%			4,782,016
	Net Assets — 100.0%		$	159,875,289

(a) Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers.

(b) Investment in affiliate.

(c) Rate disclosed is the seven day yield as of June 30, 2013.

GMTN — Global Medium Term Note

MTN — Medium Term Note

(See notes which are an integral part of the Financial Statements)

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51

Huntington Balanced Allocation  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Equity Mutual Funds1		40.4%
Fixed Income Mutual Funds1		36.0%
Exchange-Traded Funds1		21.5%
Cash1		2.1%
Total		100.0%

¹  Investments in affiliated funds.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments (unaudited)

Shares			Value
	Mutual Funds — 76.6% (a)
	116,236	Huntington Disciplined Equity Fund, Trust Shares	$	1,191,417
	48,695	Huntington Dividend Capture Fund, Trust Shares		506,912
	152,192	Huntington Fixed Income Securities Fund, Trust Shares		3,331,475
	86,095	Huntington Global Select Markets Fund, Trust Shares		851,484
	87,496	Huntington Income Equity Fund, Trust Shares		2,127,035
	145,214	Huntington Intermediate Government Income Fund, Trust Shares		1,553,786
	156,276	Huntington International Equity Fund, Trust Shares		1,831,556
	54,630	Huntington Mid Corp America Fund, Trust Shares		861,508
	98,190	Huntington Mortgage Securities Fund, Trust Shares		887,636

Shares			Value
	Mutual Funds — (Continued)
	78,195	Huntington Short/Intermediate Fixed Income Securities Fund, Trust Shares	$	1,554,515
	33,731	Huntington Situs Fund, Trust Shares		851,024
	Total Mutual Funds (Cost $13,930,565)			15,548,348
	Exchange-Traded Funds — 21.6% (a)
	77,716	Huntington EcoLogical Strategy ETF		2,322,154
	68,475	Huntington US Equity Rotation Strategy ETF		2,059,043
	Total Exchange-Traded Funds (Cost $4,124,383)			4,381,197
	Cash Equivalents — 2.1%
	427,389	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (a) (b)		427,389
	Total Cash Equivalents (Cost $427,389)			427,389
	Total Investments (Cost $18,482,337) — 100.3%			20,356,934
	Liabilities in Excess of Other Assets — (0.3)%			(63,140)
	Net Assets — 100.0%		$	20,293,794

(a) Investment in affiliate.

(b) Rate disclosed is the seven day yield as of June 30, 2013.

ETF — Exchange-Traded Fund

(See notes which are an integral part of the Financial Statements)

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52

Huntington Conservative Allocation  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Fixed Income Mutual Funds1		75.6%
Equity Mutual Funds1		14.3%
Exchange-Traded Funds1		7.6%
Cash1		2.5%
Total		100.0%

¹  Investments in affiliated funds.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments (unaudited)

Shares			Value
	Mutual Funds — 90.7% (a)
	10,112	Huntington Disciplined Equity Fund, Trust Shares	$	103,649
	4,225	Huntington Dividend Capture Fund, Trust Shares		43,984
	78,915	Huntington Fixed Income Securities Fund, Trust Shares		1,727,458
	7,526	Huntington Global Select Markets Fund, Trust Shares		74,436
	7,618	Huntington Income Equity Fund, Trust Shares		185,187
	75,224	Huntington Intermediate Government Income Fund, Trust Shares		804,898
	13,615	Huntington International Equity Fund, Trust Shares		159,566
	4,765	Huntington Mid Corp America Fund, Trust Shares		75,149
	50,926	Huntington Mortgage Securities Fund, Trust Shares		460,372
	40,508	Huntington Short/Intermediate Fixed Income Securities Fund, Trust Shares		805,295
	2,938	Huntington Situs Fund, Trust Shares		74,120
	Total Mutual Funds (Cost $4,317,378)			4,514,114

Shares			Value
	Exchange-Traded Funds — 7.7% (a)
	6,778	Huntington EcoLogical Strategy ETF	$	202,527
	5,961	Huntington US Equity Rotation Strategy ETF		179,247
	Total Exchange-Traded Funds (Cost $355,497)			381,774
	Cash Equivalents — 2.5%
	127,008	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (a) (b)		127,008
	Total Cash Equivalents (Cost $127,008)			127,008
	Total Investments (Cost $4,799,883) — 100.9%			5,022,896
	Liabilities in Excess of Other Assets — (0.9)%			(43,680)
	Net Assets — 100.0%		$	4,979,216

(a) Investment in affiliate.

(b) Rate disclosed is the seven day yield as of June 30, 2013.

ETF — Exchange-Traded Fund

(See notes which are an integral part of the Financial Statements)

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53

Huntington Growth Allocation  Fund June 30, 2013

Portfolio of Investments Summary Table (unaudited)

Asset Allocation	Percentage of Market Value
Equity Mutual Funds1		53.5%
Exchange-Traded Funds1		28.6%
Fixed Income Mutual Funds1		16.0%
Cash1		1.9%
Total		100.0%

¹  Investments in affiliated funds.

Portfolio holdings and allocations are subject to change. As of June 30, 2013, percentages in the table above are based on total investments. Such total investments may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments (unaudited)

Shares			Value
	Mutual Funds — 69.8% (a)
	107,991	Huntington Disciplined Equity Fund, Trust Shares	$	1,106,903
	45,217	Huntington Dividend Capture Fund, Trust Shares		470,705
	47,522	Huntington Fixed Income Securities Fund, Trust Shares		1,040,265
	79,989	Huntington Global Select Markets Fund, Trust Shares		791,087
	81,363	Huntington Income Equity Fund, Trust Shares		1,977,937
	45,283	Huntington Intermediate Government Income Fund, Trust Shares		484,527
	145,256	Huntington International Equity Fund, Trust Shares		1,702,400
	50,678	Huntington Mid Corp America Fund, Trust Shares		799,198
	30,859	Huntington Mortgage Securities Fund, Trust Shares		278,965
	24,383	Huntington Short/Intermediate Fixed Income Securities Fund, Trust Shares		484,728
	31,382	Huntington Situs Fund, Trust Shares		791,756
	Total Mutual Funds (Cost $8,433,836)			9,928,471

Shares			Value
	Exchange-Traded Funds — 28.7% (a)
	72,295	Huntington EcoLogical Strategy ETF	$	2,160,175
	63,629	Huntington US Equity Rotation Strategy ETF		1,913,324
	Total Exchange-Traded Funds (Cost $3,818,135)			4,073,499
	Cash Equivalents — 1.9%
	274,812	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (a) (b)		274,812
	Total Cash Equivalents (Cost $274,812)			274,812
	Total Investments (Cost $12,526,783) — 100.4%			14,276,782
	Liabilities in Excess of Other Assets — (0.4)%			(59,397)
	Net Assets — 100.0%		$	14,217,385

(a) Investment in affiliate.

(b) Rate disclosed is the seven day yield as of June 30, 2013.

ETF — Exchange-Traded Fund

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

54

[THIS PAGE INTENTIONALLY LEFT BLANK]

Statements of Assets and Liabilities

June 30, 2013 (Unaudited)

	Huntington Tax-Free Money Market Fund			Huntington Money Market Fund				Huntington Ohio Municipal Money Market Fund			Huntington U.S. Treasury Money Market Fund
Assets:
Investments, at cost	$	68,435,422		$	326,392,002			$	133,399,093		$	1,408,350,819
Investments, at value	$	68,435,422		$	287,436,902			$	133,399,093		$	928,350,819
Investments in affiliated securities, at value		—			—				—			—
Investments in repurchase agreements, at cost		—			38,955,100				—			480,000,000
Total investments		68,435,422			326,392,002				133,399,093			1,408,350,819
Cash		—			28				777,220			6,424
Foreign currencies, at value (Cost $-, $-, $-, $-, $-, $-, $22, $-, $224,345 and $-)		—			—				—			—
Income receivable		92,626			46,852				159,351			781,858
Receivable for investments sold		—			—				3,265,000			—
Receivable for shares sold		—			2,675				—			—
Receivable from Adviser		12,656			39,462				16,233			266,573
Tax reclaims receivable		—			—				—			—
Prepaid expenses and other assets		14,684			17,852				15,325			46,183
Total assets		68,555,388			326,498,871				137,632,222			1,409,451,857
Liabilities:
Payable for return of collateral on loaned securities		—			—				—			—
Options written, at value (premium received $-, $-, $-, $-, $1,388,134, $182,582, $-, $483,798, $- and $-)		—			—				—			—
Income distribution payable		958			1,797				852			50,152
Payable for investments purchased		—			—				251,168			—
Payable for shares redeemed		—			—				—			—
Accrued expenses and other payables:
Investment advisory fees		—			—				—			—
Administration fees		10,260			46,772				20,613			215,656
Custodian fees		3,267			16,075				6,633			39,025
Pricing fees		1,801			1,703				1,881			624
Distribution services fee		153			—				—			9,843
Shareholder services fee		—			—				—			—
Transfer and dividend disbursing agent fees and expenses		4,791			13,676				6,928			4,539
Trustees’ fees		—			1,004				—			—
Professional fees		6,654			35,910				13,815			34,241
Printing and postage		2,921			62,840				6,549			16,478
Compliance service fees		733			4,524				1,663			619
Other		778			1,728				1,079			—
Total Liabilities		32,316			186,029				311,181			371,177
Net Assets	$	68,523,072		$	326,312,842			$	137,321,041		$	1,409,080,680
Net Assets Consist of:
Paid in capital	$	68,653,920		$	326,483,435			$	137,615,745		$	1,409,061,117
Net unrealized appreciation (depreciation) of investments, options and translations of assets and liabilities in foreign currency		—			—				—			—
Accumulated net realized gain (loss) on investments, options and foreign currency transactions		(131,697	)		(170,629	)			(294,657	)		19,668
Accumulated net investment income (loss)		849			36				(47	)		(105	)
Net Assets	$	68,523,072		$	326,312,842			$	137,321,041		$	1,409,080,680
Net Assets:
Trust Shares	$	51,519,161		$	204,068,799			$	49,476,043		$	1,156,695,597
Class A Shares	$	17,003,911		$	122,244,043			$	87,844,998		$	252,385,083
Shares Outstanding: (unlimited number of shares authorized, no par value):
Trust Shares		51,618,600			204,667,642				49,641,678			1,156,652,493
Class A Shares		17,036,123			122,262,839				87,967,044			252,411,059
Net Asset Value, Redemption Price and Offering Price Per Share:							��
Trust Shares	$	1.00		$	1.00			$	1.00		$	1.00
Class A Shares	$	1.00		$	1.00			$	1.00		$	1.00
Offering Price Per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent) per share:
Class A Shares	$	—		$	—			$	—		$	—
Maximum Sales Charge:
Class A Shares		—			—				—			—

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

56

Huntington Disciplined Equity Fund			Huntington Dividend Capture Fund			Huntington Global Select Markets Fund			Huntington Income Equity Fund			Huntington International Equity Fund			Huntington Mid Corp America Fund
$	87,531,940		$	238,155,371		$	28,493,820		$	146,392,497		$	252,480,935		$	92,252,764
$	84,810,175		$	242,018,316		$	27,238,603		$	160,456,839		$	291,871,094		$	146,002,877
	16,248,821			8,029,449			1,062,247			1,427,059			3,858,216			7,173,403
	—			—			—			—			—			—
	101,058,996			250,047,765			28,300,850			161,883,898			295,729,310			153,176,280
	—			—			—			22,797			—			—
	—			—			19			—			224,172			—
	177,825			740,199			167,644			535,431			674,510			154,753
	394,122			—			—			—			—			—
	61,269			1,102,708			47,357			112,829			544,897			68,243
	—			—			—			—			—			—
	—			2,825			21,511			13,278			517,793			—
	21,251			21,313			31,543			16,037			22,252			14,657
	101,713,463			251,914,810			28,568,924			162,584,270			297,712,934			153,413,933
	—			23,475,352			306,390			18,129,042			4,819,186			7,555,534
	932,014			323,500			—			189,392			—			—
	—			—			—			—			—			—
	2,038			—			—			—			—			—
	173,442			429,819			106,019			278,187			422,740			347,997
	49,527			57,543			20,953			72,132			244,089			90,209
	14,603			33,073			4,301			21,598			43,858			21,610
	4,259			6,554			10,056			4,743			20,686			6,674
	3,671			2,584			8,747			1,810			8,097			2,938
	1,386			11,652			81			1,445			1,868			2,063
	20,315			46,033			5,978			30,055			61,022			30,070
	6,273			20,259			4,858			11,158			15,952			15,651
	—			—			—			—			—			—
	9,920			21,209			4,132			14,796			30,058			14,299
	1,259			10,896			1,205			6,532			12,329			9,156
	930			1,849			391			1,295			2,863			1,333
	—			—			—			—			—			—
	1,219,637			24,440,323			473,111			18,762,185			5,682,748			8,097,534
$	100,493,826		$	227,474,487		$	28,095,813		$	143,822,085		$	292,030,186		$	145,316,399
$	92,568,723		$	216,667,202		$	29,244,947		$	130,279,669		$	251,068,998		$	79,989,244
	13,983,176			11,751,476			(196,678	)		15,785,734			43,225,487			60,923,369
	(6,496,609	)		(1,831,141	)		(1,017,890	)		(2,776,243	)		(5,098,268	)		3,835,337
	438,536			886,950			65,434			532,925			2,833,969			568,449
$	100,493,826		$	227,474,487		$	28,095,813		$	143,822,085		$	292,030,186		$	145,316,399
$	93,760,033		$	169,330,915		$	27,706,086		$	136,795,604		$	283,111,955		$	135,261,570
$	6,733,793		$	58,143,572		$	389,727		$	7,026,481		$	8,918,231		$	10,054,829
	9,083,703			16,270,530			2,802,053			5,627,728			24,164,425			8,577,767
	654,469			5,591,113			39,485			288,960			767,623			663,849
$	10.32		$	10.41		$	9.89		$	24.31		$	11.72		$	15.77
$	10.29		$	10.40		$	9.87		$	24.32		$	11.62		$	15.15
$	10.80		$	10.92		$	10.36		$	25.53		$	12.20		$	15.91
	4.75	%		4.75	%		4.75	%		4.75	%		4.75	%		4.75	%

Semi-Annual Shareholder Report

57

Statements of Assets and Liabilities (Continued)

June 30, 2013 (Unaudited)

	Huntington Real Strategies Fund			Huntington Rotating Markets Fund			Huntington Situs Fund
Assets:
Investments, at cost	$	117,095,158		$	24,059,678		$	218,953,492
Investments, at value	$	106,319,097		$	24,651,521		$	294,451,495
Investments in affiliated securities, at value		4,038,047			691,738			17,873,306
Investments in controlled affiliated securities, at value		1,286,331			—			—
Total investments		111,643,475			25,343,259			312,324,801
Cash		11,711			563			404
Foreign currencies, at value (Cost $-, $-, $27,743, $-, $-, $-, $- and $-)		—			—			27,305
Income receivable		159,967			26,141			161,638
Receivable for investments sold		—			—			—
Receivable for shares sold		533,423			28,819			301,991
Tax reclaims receivable		3,203			—			34,204
Prepaid expenses and other assets		18,425			17,295			14,715
Total assets		112,370,204			25,416,077			312,865,058
Liabilities:
Payable for return of collateral on loaned securities		22,112,481			1,048,283			38,418,039
Options written, at value (premium received $18,767, $-, $1,152,469, $-, $-, $-, $- and $-)		1,625			—			569,500
Income distribution payable		—			—			—
Payable for investments purchased		—			—			3,665,016
Payable for shares redeemed		8,899			126,544			518,509
Accrued expenses and other payables:
Investment advisory fees		56,804			10,098			168,728
Administration fees		13,619			3,635			40,419
Custodian fees		4,151			1,781			6,428
Pricing fees		1,564			1,969			7,142
Distribution services fee		448			522			11,580
Shareholder services fee		18,935			5,050			56,242
Transfer and dividend disbursing agent fees and expenses		6,897			6,032			16,863
Professional fees		17,294			3,941			24,872
Printing and postage		4,011			1,810			15,471
Compliance service fees		954			384			1,986
Other		—			—			—
Total Liabilities		22,247,682			1,210,049			43,520,795
Net Assets	$	90,122,522		$	24,206,028		$	269,344,263
Net Assets consist of:
Paid in capital	$	112,491,911		$	20,732,808		$	167,500,009
Net unrealized appreciation (depreciation) of investments, options and translations of assets and liabilities in foreign currency		(5,434,541	)		1,283,581			93,954,256
Accumulated net realized gain (loss) on investments, options and foreign currency transactions		(17,229,828	)		2,156,511			7,803,935
Accumulated net investment income (loss)		294,980			33,128			86,063
Net Assets	$	90,122,522		$	24,206,028		$	269,344,263
Net Assets:
Trust Shares	$	87,978,435		$	21,662,267		$	212,338,360
Class A Shares	$	2,144,087		$	2,543,761		$	57,005,903
Shares Outstanding: (unlimited number of shares authorized, no par value):
Trust Shares		12,370,144			1,924,937			8,416,611
Class A Shares		301,615			228,093			2,322,069
Net Asset Value, Redemption Price and Offering Price Per Share:
Trust Shares	$	7.11		$	11.25		$	25.23
Class A Shares	$	7.11		$	11.15		$	24.55
Offering Price Per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent) per share:
Class A Shares	$	7.46		$	11.71		$	25.77
Maximum Sales Charge:
Class A Shares		4.75	%		4.75	%		4.75	%

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

58

Huntington Fixed Income Securities Fund			Huntington Intermediate Government Income Fund			Huntington Mortgage Securities Fund			Huntington Ohio Tax-Free Fund			Huntington Short/Intermediate Fixed Income Securities Fund
$	279,706,156		$	107,284,310		$	75,486,069		$	51,615,471		$	154,363,124
$	283,526,958		$	109,226,992		$	74,138,415		$	50,974,371		$	151,737,188
	4,722,170			2,027,229			3,550,120			—			3,356,085
	—			—			—			—			—
	288,249,128			111,254,221			77,688,535			50,974,371			155,093,273
	62,770			19,000			48			—			19,000
	—			—			—			—			—
	3,538,630			569,907			248,580			378,816			1,027,480
	—			1,808			672			—			2,020,000
	1,460,035			430,117			409,182			97,993			2,187,446
	1,130			—			—			—			—
	17,484			15,026			15,402			14,771			15,761
	293,329,177			112,290,079			78,362,419			51,465,951			160,362,960
	—			—			173,768			—			—
	—			—			—			—			—
	278,626			100,592			—			78,916			116,526
	—			—			—			—			—
	861,335			360,859			148,063			240,898			193,079
	122,153			46,633			32,036			21,398			66,062
	43,920			16,769			11,516			7,695			23,769
	14,655			6,180			4,948			2,701			10,447
	7,140			9,104			11,752			15,119			7,212
	1,876			1,002			980			691			1,590
	61,076			23,316			16,018			10,699			33,031
	12,012			7,470			6,437			5,195			6,989
	31,388			11,950			8,919			5,004			18,468
	20,487			6,437			3,079			2,485			8,535
	2,977			1,189			794			515			1,955
	154			—			—			—			8
	1,457,799			591,501			418,310			391,316			487,671
$	291,871,378		$	111,698,578		$	77,944,109		$	51,074,635		$	159,875,289
$	281,502,271		$	107,585,917		$	72,991,730		$	50,801,417		$	158,198,905
	8,542,972			3,969,911			2,202,466			(641,100	)		730,149
	1,846,142			(47,182	)		2,597,202			914,769			946,042
	(20,007	)		189,932			152,711			(451	)		193
$	291,871,378		$	111,698,578		$	77,944,109		$	51,074,635		$	159,875,289
$	282,860,350		$	106,902,607		$	73,161,780		$	47,804,208		$	152,192,440
$	9,011,028		$	4,795,971		$	4,782,329		$	3,270,427		$	7,682,849
	12,921,420			9,987,204			8,095,505			2,275,527			7,656,358
	411,674			448,199			525,892			155,751			386,451
$	21.89		$	10.70		$	9.04		$	21.01		$	19.88
$	21.89		$	10.70		$	9.09		$	21.00		$	19.88
$	22.74		$	11.12		$	9.44		$	21.82		$	20.18
	3.75	%		3.75	%		3.75	%		3.75	%		1.50	%

Semi-Annual Shareholder Report

59

Statements of Assets and Liabilities (Continued)

June 30, 2013 (Unaudited)

	Huntington Balanced Allocation Fund			Huntington Conservative Allocation Fund			Huntington Growth Allocation Fund
Assets:
Investments, at cost	$	18,482,337		$	4,799,883		$	12,526,783
Investments in affiliated securities, at value		20,356,934			5,022,896			14,276,782
Total investments		20,356,934			5,022,896			14,276,782
Income receivable		9,596			5,270			2,712
Receivable for investments sold		470,901			48,475			410,173
Receivable for shares sold		86,084			13,655			45,722
Receivable from Adviser		830			1,205			2,135
Prepaid expenses and other assets		6,297			5,803			5,682
Total assets		20,930,642			5,097,304			14,743,206
Liabilities:
Income distribution payable		9,602			230			—
Payable for investments purchased		492,917			75,715			400,329
Payable for shares redeemed		113,634			35,900			109,220
Accrued expenses and other payables:
Administration fees		3,010			750			2,121
Custodian fees		361			239			300
Pricing fees		432			431			431
Distribution services fee		4,189			1,044			2,952
Transfer and dividend disbursing agent fees and expenses		9,078			3,089			7,536
Professional fees		1,919			606			1,400
Printing and postage		1,533			—			1,407
Compliance service fees		173			84			125
Total Liabilities		636,848			118,088			525,821
Net Assets	$	20,293,794		$	4,979,216		$	14,217,385
Net Assets consist of:
Paid in capital	$	17,888,449		$	4,652,707		$	11,464,066
Net unrealized appreciation of investments, options and translations of assets and liabilities in foreign currency		1,874,597			223,013			1,749,999
Accumulated net realized gain on investments, options and foreign currency transactions		529,946			102,986			758,464
Accumulated net investment income		802			510			244,856
Net Assets	$	20,293,794		$	4,979,216		$	14,217,385
Net Assets:
Class A Shares	$	20,293,794		$	4,979,216		$	14,217,385
Shares Outstanding: (unlimited number of shares authorized, no par value):
Class A Shares		1,792,310			549,959			1,225,374
Net Asset Value, Redemption Price and Offering Price Per Share:
Class A Shares	$	11.32		$	9.05		$	11.60
Offering Price Per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent) per share:
Class A Shares	$	11.88		$	9.50		$	12.18
Maximum Sales Charge:
Class A Shares		4.75	%		4.75	%		4.75	%

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

60

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Statements of Operations

Six Months Ended June 30, 2013 (Unaudited)

	Huntington Tax-Free Money  Market Fund			Huntington Money Market Fund			Huntington Ohio Municipal Money Market Fund			Huntington U.S. Treasury Money Market Fund
Investment Income:
Dividend income	$	280		$	25,110		$	612		$	—
Dividend income from affiliated securities		—			—			—			—
Interest income		69,112			234,310			119,155			621,671
Income from securities lending, net (a)		—			—			—			—
Foreign dividend taxes withheld		—			—			—			—
Total investment income		69,392			259,420			119,767			621,671
Expenses:
Investment advisory fees		105,307			479,909			200,536			1,355,572
Administration fees		63,354			288,706			120,581			1,221,795
Custodian fees		9,556			45,127			17,770			168,821
Transfer and dividend disbursing agent fees and expenses		14,447			29,248			15,873			38,707
Trustees’ fees		2,968			15,741			5,643			19,879
Professional fees		5,799			31,163			10,340			49,260
Pricing fees		1,897			189			1,911			599
Distribution services fee—Class A Shares		21,908			146,065			103,428			267,688
Shareholder services fee—Trust Shares		65,848			253,857			63,685			1,426,758
Shareholder services fee—Class A Shares		21,908			146,065			103,428			267,688
State registration costs		13,343			13,935			13,703			13,830
Printing and postage		1,962			22,925			2,922			16,555
Insurance premiums		2,357			7,352			3,327			5,357
Compliance service fees		658			3,683			1,309			3,286
Line of credit fees		673			3,339			1,271			6,292
Interest expense		—			—			188			780
Other		13,458			20,882			15,146			45,789
Recoupment of prior expenses waived/reimbursed by investment adviser		—			—			—			—
Total expenses		345,443			1,508,186			681,061			4,908,656
Investment advisory fees waived		(105,307	)		(479,909	)		(200,536	)		(1,355,572	)
Distribution fees waived		(21,098	)		(146,065	)		(103,428	)		(213,946	)
Shareholder servicing fees waived		(87,756	)		(399,922	)		(167,113	)		(1,694,446	)
Reimbursement from Adviser		(67,806	)		(238,827	)		(96,727	)		(1,308,940	)
Net expenses		63,476			243,463			113,257			335,752
Net investment income		5,916			15,957			6,510			285,919
Net Realized/Unrealized Gain (Loss) on Investments, Options and Foreign Currency Transactions:
Net realized gain on investment transactions		—			6,511			—			20,550
Net realized gain (loss) on option transactions		—			—			—			—
Net realized loss on foreign currency transactions		—			—			—			—
Net realized gain on investments, options and translation of assets and liabilities in foreign currency transactions		—			6,511			—			20,550
Net change in unrealized appreciation/depreciation of investments, options and translation of assets and liabilities in foreign currency		—			—			—			—
Net realized and unrealized gain (loss) on investments, options and foreign currency transactions		—			6,511			—			20,550
Change in net assets resulting from operations	$	5,916		$	22,468		$	6,510		$	306,469

(a) Income from securities lending is net of ($—, $—, $—, $—, $—, $5,951, $4,215, $2,380, $27,027 and $20,580) expenses paid to Huntington Bank.

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

62

Huntington Disciplined Equity Fund			Huntington Dividend Capture Fund			Huntington Global Select Markets Fund			Huntington Income Equity Fund			Huntington International Equity Fund			Huntington Mid Corp America Fund
$	1,020,004		$	5,130,064		$	519,236		$	3,415,200		$	5,695,705		$	1,223,389
	2,880			1,312			403			977			2,474			1,317
	—			—			15,068			—			—			—
	—			27,596			19,169			11,519			125,045			93,777
	(1,265	)		(35,455	)		(42,904	)		(99,459	)		(637,372	)		(3,645	)
	1,021,619			5,123,517			510,972			3,328,237			5,185,852			1,314,838
	288,516			798,069			181,864			442,189			1,474,874			531,605
	86,765			191,953			32,828			132,964			266,129			127,886
	12,820			25,926			26,388			18,099			55,165			18,311
	17,206			52,384			14,214			24,009			33,799			33,672
	4,037			8,581			1,594			6,074			12,275			5,796
	9,080			19,152			3,227			13,711			26,860			12,700
	3,936			2,854			7,644			2,012			8,342			3,086
	8,821			65,440			509			8,256			11,471			12,121
	111,392			200,583			44,957			175,988			357,246			165,080
	8,821			65,440			509			8,256			11,471			12,121
	15,407			15,393			13,034			13,891			14,593			23,012
	2,664			14,733			1,320			6,507			10,206			5,027
	2,703			4,067			1,908			3,225			5,362			3,135
	911			1,773			355			1,297			2,757			1,220
	1,221			2,472			463			1,763			3,726			1,684
	—			—			276			—			194			—
	3,456			7,121			6,734			4,631			10,673			5,330
	5,793			—			550			—			—			—
	583,549			1,475,941			338,374			862,872			2,305,143			961,786
	—			(460,065	)		—			—			—			—
	—			—			—			—			—			—
	—			—			—			—			—			—
	—			—			—			—			—			—
	583,549			1,015,876			338,374			862,872			2,305,143			961,786
	438,070			4,107,641			172,598			2,465,365			2,880,709			353,052
	9,046,990			13,234,474			903,662			8,719,855			8,960,544			2,618,792
	(5,143,664	)		126,958			24,259			113,097			—			—
	—			—			(73,904	)		(12,354	)		(262,914	)		(787	)
	3,903,326			13,361,432			854,017			8,820,598			8,697,630			2,618,005
	657,818			4,561,716			(2,101,851	)		3,023,234			(2,424,144	)		16,797,872
	4,561,144			17,923,148			(1,247,834	)		11,843,832			6,273,486			19,415,877
$	4,999,214		$	22,030,789		$	(1,075,236	)	$	14,309,197		$	9,154,195		$	19,768,929

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63

Statements of Operations (Continued)

Six Months Ended June 30, 2013 (Unaudited)

	Huntington Real Strategies Fund			Huntington Rotating Markets Fund			Huntington Situs Fund
Investment Income:
Dividend income	$	1,401,503		$	250,871		$	1,481,678
Dividend income from affiliated securities		125,470			429			4,140
Interest income		—			—			—
Income from securities lending, net		459,263			5,443			151,660
Foreign dividend taxes withheld		(51,730	)		(4	)		(6,198	)
Total investment income		1,934,506			256,739			1,631,280
Expenses:
Investment advisory fees		360,301			96,893			983,717
Administration fees		86,708			34,982			236,610
Custodian fees		12,777			5,288			31,617
Transfer and dividend disbursing agent fees and expenses		18,150			15,496			54,179
Trustees' fees		4,092			1,627			10,230
Professional fees		16,157			3,682			23,581
Pricing fees		1,619			2,796			6,471
Distribution services fee—Class A Shares		2,785			3,052			60,436
Shareholder services fee—Trust Shares		117,315			45,395			267,470
Shareholder services fee—Class A Shares		2,785			3,052			60,436
State registration costs		13,353			13,317			15,430
Printing and postage		3,294			1,571			12,559
Insurance premiums		2,692			1,914			4,357
Compliance service fees		906			389			2,014
Line of credit fees		1,231			517			2,821
Interest expense		39			2,502			—
Other		3,416			1,984			8,750
Total expenses		647,620			234,457			1,780,678
Net investment income (loss)		1,286,886			22,282			(149,398	)
Net Realized/Unrealized Gain (Loss) on Investments, Options and Foreign Currency Transactions:
Net realized gain (loss) on investment transactions		268,298			2,232,659			7,459,530
Net realized gain (loss) on option transactions		(3,307	)		—			558,590
Net realized gain (loss) on foreign currency transactions		80			71			(6,923	)
Net realized gain (loss) on investments, options and translation of assets and liabilities in foreign currency transactions		265,071			2,232,730			8,011,197
Net change in unrealized appreciation/depreciation of investments, options and translation of assets and liabilities in foreign currency		(5,390,391	)		1,402,878			9,304,478
Net realized and unrealized gain (loss) on investments, options and foreign currency transactions		(5,125,320	)		3,635,608			17,315,675
Change in net assets resulting from operations	$	(3,838,434	)	$	3,657,890		$	17,166,277

(a) Income from securities lending is net of ($98,683, $992, $32,480, $-, $-, $371, $- and $-) expenses paid to Huntington Bank.

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

64

Huntington Fixed Income Securities Fund			Huntington Intermediate Government Income Fund			Huntington Mortgage Securities Fund			Huntington Ohio  Tax-Free Fund			Huntington Short/Intermediate Fixed Income Securities Fund
$	123,601		$	—		$	134,656		$	16		$	—
	1,060			715			731			—			411
	4,963,483			1,753,641			1,294,407			844,486			1,881,201
	—			—			1,659			—			—
	—			—			(25	)		—			—
	5,088,144			1,754,356			1,431,428			844,502			1,881,612
	760,827			293,406			194,705			134,416			441,928
	274,599			105,903			70,268			48,515			159,562
	40,816			15,730			10,430			7,136			24,932
	28,616			20,166			18,007			14,884			20,560
	12,974			5,034			3,281			2,269			7,778
	28,809			11,390			6,267			4,661			17,137
	8,034			10,255			15,775			17,774			7,878
	11,842			6,359			6,038			4,349			10,601
	368,571			140,344			91,315			62,859			210,363
	11,842			6,359			6,038			4,349			10,601
	14,304			13,754			13,867			13,267			13,530
	8,937			3,529			3,009			1,592			4,583
	5,866			3,132			2,553			2,121			4,120
	2,875			1,124			696			497			1,819
	3,888			1,492			929			498			2,401
	—			—			—			—			—
	8,557			3,536			4,199			1,900			5,275
	1,591,357			641,513			447,377			321,087			943,068
	3,496,787			1,112,843			984,051			523,415			938,544
	894,331			(154,231	)		2,394,809			565,817			894,285
	—			—			—			—			—
	—			—			(672	)		—			—
	894,331			(154,231	)		2,394,137			565,817			894,285
	(12,017,554	)		(4,064,956	)		(4,184,309	)		(2,851,229	)		(3,537,898	)
	(11,123,223	)		(4,219,187	)		(1,790,172	)		(2,285,412	)		(2,643,613	)
$	(7,626,436	)	$	(3,106,344	)	$	(806,121	)	$	(1,761,997	)	$	(1,705,069	)

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65

Statements of Operations (Continued)

Six Months Ended June 30, 2013 (Unaudited)

	Huntington Balanced Allocation Fund			Huntington Conservative Allocation Fund			Huntington Growth Allocation Fund
Investment Income:
Dividend income from affiliated securities	$	350,711		$	63,953		$	291,681
Total investment income		350,711			63,953			291,681
Expenses:
Investment advisory fees		9,731			2,536			6,969
Administration fees		17,556			4,575			12,574
Custodian fees		891			103			566
Transfer and dividend disbursing agent fees and expenses		20,171			8,261			17,353
Trustees' fees		791			212			572
Professional fees		1,785			392			1,281
Pricing fees		390			390			390
Distribution services fee—Class A Shares		24,329			6,339			17,424
State registration costs		3,500			3,432			3,475
Printing and postage		2,468			819			2,090
Insurance premiums		1,558			1,362			1,488
Compliance service fees		169			34			123
Line of credit fees		230			61			168
Interest expense		—			81			39
Other		1,118			1,038			1,302
Total expenses		84,687			29,635			65,814
Investment advisory fees waived		(9,731	)		(2,536	)		(6,969	)
Reimbursement from Adviser		(5,328	)		(6,577	)		(12,020	)
Net expenses		69,628			20,522			46,825
Net investment income		281,083			43,431			244,856
Net Realized/Unrealized Gain (Loss) on Investments, Options and Foreign Currency Transactions:
Net realized gain on investment transactions of affiliates		95,534			50,996			357,598
Net change in unrealized appreciation/depreciation of investments, options and translation of assets and liabilities in foreign currency		434,684			(90,568	)		284,538
Net realized and unrealized gain (loss) on investments, options and foreign currency transactions		530,218			(39,572	)		642,136
Change in net assets resulting from operations	$	811,301		$	3,859		$	886,992

(See notes which are an integral part of the Financial Statements)

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Statements of Changes in Net Assets

	Huntington Tax-Free Money Market Fund						Huntington Money Market Fund
	Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012
	(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets:
Operations—
Net investment income	$	5,916		$	8,731		$	15,957		$	40,429
Net realized gain (loss) on investments, options and foreign currency transactions		—			205			6,511			(163,708	)
Net change in unrealized appreciation/depreciation of investments, options and foreign currency transactions		—			—			—			—
Net increase (decrease) in net assets resulting from operations		5,916			8,936			22,468			(123,279	)
Distributions to Shareholders—
From and/or excess of net investment income:
Trust Shares		(5,040	)		(6,023	)		(10,156	)		(23,192	)
Class A Shares		(876	)		(1,859	)		(5,835	)		(10,010	)
Shares		—			—			—			(7,157	)
Change in net assets resulting from distributions to shareholders		(5,916	)		(7,882	)		(15,991	)		(40,359	)
Change in net assets resulting from capital transactions		(5,558,997	)		(17,947,325	)		(20,305,512	)		(87,148,541	)
Change in net assets		(5,558,997	)		(17,946,271	)		(20,299,035	)		(87,312,179	)
Net Assets
Beginning of period		74,082,069			92,028,340			346,611,877			433,924,056
End of period	$	68,523,072		$	74,082,069		$	326,312,842		$	346,611,877
Accumulated net investment income (loss) included in net assets at end of period	$	849		$	849		$	36		$	70
Capital Transactions:
Trust Shares
Shares sold	$	18,778,947		$	56,902,494		$	174,724,850		$	716,193,750
Dividends reinvested		—			—			337			503
Shares redeemed		(24,576,896	)		(72,732,681	)		(211,584,955	)		(737,240,395	)
Total Trust Shares		(5,797,949	)		(15,830,187	)		(36,859,768	)		(21,046,142	)
Class A Shares
Shares sold		18,409,556			56,740,268			96,148,529			287,718,828
Dividends reinvested		90			347			4,424			7,974
Shares redeemed		(18,170,694	)		(58,857,753	)		(79,598,697	)		(279,941,190	)
Total Class A Shares		238,952			(2,117,138	)		16,554,256			7,785,612
Interfund Shares
Shares sold		—			—			—			403,044,413
Shares redeemed		—			—			—			(476,932,424	)
Total Interfund Shares		—			—			—			(73,888,011	)
Net change resulting from capital transactions	$	(5,558,997	)	$	(17,947,325	)	$	(20,305,512	)	$	(87,148,541	)
Share Transactions:
Trust Shares
Shares sold		18,778,947			56,902,494			174,724,850			716,193,750
Dividends reinvested		—			—			337			503
Shares redeemed		(24,576,896	)		(72,732,681	)		(211,584,955	)		(737,206,459	)
Total Trust Shares		(5,797,949	)		(15,830,187	)		(36,859,768	)		(21,012,206	)
Class A Shares
Shares sold		18,409,556			56,740,268			96,148,379			287,718,828
Dividends reinvested		90			347			4,424			7,974
Shares redeemed		(18,170,694	)		(58,857,753	)		(79,598,547	)		(279,926,202	)
Total Class A Shares		238,952			(2,117,138	)		16,554,256			7,800,600
Interfund Shares
Shares sold		—			—			—			402,995,491
Shares redeemed		—			—			—			(476,932,423	)
Total Interfund Shares		—			—			—			(73,936,932	)
Net change resulting from share transactions		(5,558,997	)		(17,947,325	)		(20,305,512	)		(87,148,538	)

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

68

Huntington Ohio Municipal Money Market Fund						Huntington U.S. Treasury Money Market Fund						Huntington Disciplined Equity Fund
Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012
(Unaudited)						(Unaudited)						(Unaudited)
$	6,510		$	14,396		$	285,919		$	28,830		$	438,070		$	950,914
	—			(1,213	)		20,550			67			3,903,326			(9,341,311	)
	—			—			—			—			657,818			8,777,939
	6,510			13,183			306,469			28,897			4,999,214			387,542
	(2,548	)		(6,202	)		(285,919	)		(28,863	)		—			(892,663	)
	(4,138	)		(8,065	)		—			—			—			(57,785	)
	—			—			—			—			—			—
	(6,686	)		(14,267	)		(285,919	)		(28,863	)		—			(950,448	)
	5,513,626			(13,261,003	)		562,864,649			511,287,647			1,507,725			23,594,794
	5,513,450			(13,262,087	)		562,885,199			511,287,681			6,506,939			23,031,888
	131,807,591			145,069,678			846,195,481			334,907,800			93,986,887			70,954,999
$	137,321,041		$	131,807,591		$	1,409,080,680		$	846,195,481		$	100,493,826		$	93,986,887
$	(47)		$	129		$	(105	)	$	(105	)	$	438,536		$	466
$	38,566,081		$	123,063,456		$	1,716,074,026		$	1,109,564,739		$	14,176,181		$	41,393,993
	8			15			—			—			—			218,645
	(47,369,474	)		(125,995,370	)		(1,296,706,228	)		(623,958,239	)		(11,411,755	)		(20,003,257	)
	(8,803,385	)		(2,931,899	)		419,367,798			485,606,500			2,764,426			21,609,381
	87,336,288			130,273,917			339,561,517			265,702,247			896,606			3,540,272
	1,970			4,139			—			—			—			48,941
	(73,021,247	)		(140,607,160	)		(196,064,666	)		(240,021,100	)		(2,153,307	)		(1,603,800	)
	14,317,011			(10,329,104	)		143,496,851			25,681,147			(1,256,701	)		1,985,413
	—			—			—			—			—			—
	—			—			—			—			—			—
	—			—			—			—			—			—
$	5,513,626		$	(13,261,003	)	$	562,864,649		$	511,287,647		$	1,507,725		$	23,594,794
	38,566,081			123,063,456			1,716,074,026			1,109,564,739			1,383,846			4,144,406
	8			15			—			—			—			22,494
	(47,369,474	)		(125,995,370	)		(1,296,706,228	)		(623,958,239	)		(1,116,820	)		(2,007,308	)
	(8,803,385	)		(2,931,899	)		419,367,798			485,606,500			267,026			2,159,592
	87,336,288			130,273,917			339,561,517			265,702,247			87,700			355,559
	1,970			4,139			—			—			—			5,040
	(73,021,247	)		(140,607,160	)		(196,064,666	)		(240,021,699	)		(210,907	)		(161,132	)
	14,317,011			(10,329,104	)		143,496,851			25,680,548			(123,207	)		199,467
	—			—			—			—			—			—
	—			—			—			—			—			—
	—			—			—			—			—			—
	5,513,626			(13,261,003	)		562,864,649			511,287,048			143,819			2,359,059

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69

Statements of Changes in Net Assets (Continued)

	Huntington Dividend Capture Fund						Huntington Global Select Markets Fund
	Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012
	(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets:
Operations—
Net investment income	$	4,107,641		$	6,094,569		$	172,598		$	165,335
Net realized gain (loss) on investments, options and foreign currency transactions		13,361,432			8,251,736			854,017			(1,659,321	)
Net change in unrealized appreciation/depreciation of investments, options and foreign currency transactions		4,561,716			2,647,533			(2,101,851	)		5,612,636
Net increase (decrease) in net assets resulting from operations		22,030,789			16,993,838			(1,075,236	)		4,118,650
Distributions to Shareholders—
From and/or excess of net investment income:
Trust Shares		(2,437,619	)		(5,565,125	)		—			(159,357	)
Class A Shares		(739,931	)		(1,525,931	)		—			(642	)
From net realized gain on investments:
Trust Shares		—			—			—			—
Class A Shares		—			—			—			—
From return of capital:
Trust Shares		—			—			—			—
Class A Shares		—			—			—			—
Change in net assets resulting from distributions to shareholders		(3,177,550	)		(7,091,056	)		—			(159,999	)
Change in net assets resulting from capital transactions		16,332,818			37,745,146			(9,940,736	)		(4,258,786	)
Change in net assets		35,186,057			47,647,928			(11,015,972	)		(300,135	)
Net Assets
Beginning of period		192,288,430			144,640,502			39,111,785			39,411,920
End of period	$	227,474,487		$	192,288,430		$	28,095,813		$	39,111,785
Accumulated net investment income (loss) included in net assets at end of period	$	886,950		$	(43,141	)	$	65,434		$	(107,164	)
Capital Transactions:
Trust Shares
Shares sold	$	27,845,675		$	40,172,943		$	5,512,315		$	10,312,738
Shares issued in connection with merger		—			—			—			—
Dividends reinvested		1,428,521			3,233,036			—			84,555
Shares redeemed		(20,195,270	)		(23,219,956	)		(15,445,127	)		(14,476,689	)
Total Trust Shares		9,078,926			20,186,023			(9,932,812	)		(4,079,396	)
Class A Shares
Shares sold		12,248,788			22,580,560			70,086			67,677
Shares issued in connection with merger		—			—			—			—
Dividends reinvested		623,674			1,291,922			—			580
Shares redeemed		(5,618,570	)		(6,313,359	)		(78,010	)		(247,647	)
Total Class A Shares		7,253,892			17,559,123			(7,924	)		(179,390	)
Net change resulting from capital transactions	$	16,332,818		$	37,745,146		$	(9,940,736	)	$	(4,258,786	)
Share Transactions:
Trust Shares
Shares sold		2,726,078			4,271,135			525,098			1,026,696
Shares issued in connection with merger		—			—			—			—
Dividends reinvested		139,965			343,572			—			8,241
Shares redeemed		(1,970,583	)		(2,461,311	)		(1,468,832	)		(1,440,815	)
Total Trust Shares		895,460			2,153,396			(943,734	)		(405,878	)
Class A Shares
Shares sold		1,195,212			2,403,076			6,711			6,708
Shares issued in connection with merger		—			—			—			—
Dividends reinvested		61,162			137,278			—			57
Shares redeemed		(550,636	)		(669,608	)		(7,527	)		(24,303	)
Total Class A Shares		705,738			1,870,746			(816	)		(17,538	)
Net change resulting from share transactions		1,601,198			4,024,142			(944,550	)		(423,416	)

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

70

Huntington Income Equity Fund						Huntington International Equity Fund						Huntington Mid Corp America Fund
Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012
(Unaudited)						(Unaudited)						(Unaudited)
$	2,465,365		$	4,684,875		$	2,880,709		$	3,675,063		$	353,052		$	428,461
	8,820,598			3,563,285			8,697,630			51,936			2,618,005			16,918,500
	3,023,234			4,345,968			(2,424,144	)		33,598,528			16,797,872			2,610,302
	14,309,197			12,594,128			9,154,195			37,325,527			19,768,929			19,957,263
	(1,936,782	)		(4,338,945	)		—			(4,653,459	)		—			(149,997	)
	(83,449	)		(194,157	)		—			(125,919	)		—			—
	—			—			—			—			—			(17,640,298	)
	—			—			—			—			—			(1,242,961	)
	—			—			—			(94,060	)		—			—
	—			—			—			(2,989	)		—			—
	(2,020,231	)		(4,533,102	)		—			(4,876,427	)		—			(19,033,256	)
	(6,191,197	)		10,150,918			(11,590,185	)		(2,006,776	)		(8,828,490	)		4,718,571
	6,097,769			18,211,944			(2,435,990	)		30,442,324			10,940,439			5,642,578
	137,724,316			119,512,372			294,466,176			264,023,852			134,375,960			128,733,382
$	143,822,085		$	137,724,316		$	292,030,186		$	294,466,176		$	145,316,399		$	134,375,960
$	532,925		$	87,791		$	2,833,969		$	(46,740	)	$	568,449		$	215,397
$	11,516,539		$	29,782,777		$	30,744,449		$	52,256,824		$	9,864,914		$	13,827,713
	—			—			—			—			—			13,560,775
	991,722			2,304,326			—			1,568,036			—			6,759,528
	(19,190,803	)		(22,127,076	)		(41,850,034	)		(55,721,464	)		(18,290,842	)		(31,979,155	)
	(6,682,542	)		9,960,027			(11,105,585	)		(1,896,604	)		(8,425,928	)		2,168,861
	932,141			835,914			804,003			1,968,828			530,292			603,617
	—			—			—			—			—			2,975,148
	78,822			181,480			—			106,396			—			1,210,525
	(519,618	)		(826,503	)		(1,288,603	)		(2,185,396	)		(932,854	)		(2,239,580	)
	491,345			190,891			(484,600	)		(110,172	)		(402,562	)		2,549,710
$	(6,191,197	)	$	10,150,918		$	(11,590,185	)	$	(2,006,776	)	$	(8,828,490	)	$	4,718,571
	480,591			1,339,802			2,551,195			4,794,798			642,437			798,431
	—			—			—			—			—			964,397
	40,739			104,419			—			139,629			—			500,075
	(788,399	)		(994,295	)		(3,550,739	)		(5,136,796	)		(1,208,395	)		(1,992,180	)
	(267,069	)		449,926			(999,544	)		(202,369	)		(565,958	)		270,723
	37,845			37,777			68,653			185,750			36,298			32,860
	—			—			—			—			—			218,019
	3,232			8,219			—			9,542			—			93,189
	(21,271	)		(37,614	)		(109,721	)		(204,547	)		(64,544	)		(146,351	)
	19,806			8,382			(41,068	)		(9,255	)		(28,246	)		197,717
	(247,263	)		458,308			(1,040,612	)		(211,624	)		(594,204	)		468,440

Semi-Annual Shareholder Report

71

Statements of Changes in Net Assets (Continued)

	Huntington Real Strategies Fund
	Six Months Ended June 30, 2013			Year Ended December 31, 2012
	(Unaudited)
Increase (Decrease) in Net Assets:
Operations—
Net investment income (loss)	$	1,286,886		$	1,491,924
Net realized gain on investments, options and foreign currency transactions		265,071			1,868,940
Net change in unrealized appreciation/depreciation of investments, options and foreign currency transactions		(5,390,391	)		1,336,944
Net increase (decrease) in net assets resulting from operations		(3,838,434	)		4,697,808
Distributions to Shareholders—
From and/or excess of net investment income:
Trust Shares		—			(1,285,857	)
Class A Shares		—			(24,146	)
From net realized gain on investments:
Trust Shares		—			—
Class A Shares		—			—
Change in net assets resulting from distributions to shareholders		—			(1,310,003	)
Change in net assets resulting from capital transactions		(4,503,890	)		597,559
Change in net assets		(8,342,324	)		3,985,364
Net Assets
Beginning of period		98,464,846			94,479,482
End of period	$	90,122,522		$	98,464,846
Accumulated net investment income (loss) included in net assets at end of period	$	294,980		$	(991,906	)
Capital Transactions:
Trust Shares
Shares sold	$	8,917,746		$	20,221,413
Dividends reinvested		—			408,815
Shares redeemed		(13,486,638	)		(20,138,159	)
Total Trust Shares		(4,568,892	)		492,069
Class A Shares
Shares sold		466,237			600,612
Dividends reinvested		—			20,226
Shares redeemed		(401,235	)		(515,348	)
Total Class A Shares		65,002			105,490
Net change resulting from capital transactions	$	(4,503,890	)	$	597,559
Share Transactions:
Trust Shares
Shares sold		1,185,665			2,703,233
Dividends reinvested		—			56,002
Shares redeemed		(1,788,234	)		(2,713,598	)
Total Trust Shares		(602,569	)		45,637
Class A Shares
Shares sold		61,972			80,216
Dividends reinvested		—			2,771
Shares redeemed		(52,868	)		(70,324	)
Total Class A Shares		9,104			12,663
Net change resulting from share transactions		(593,465	)		58,300

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

72

Huntington Rotating Markets Fund						Huntington Situs Fund						Huntington Fixed Income Securities Fund
Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012
(Unaudited)						(Unaudited)						(Unaudited)
$	22,282		$	259,951		$	(149,398	)	$	771,815		$	3,496,787		$	7,583,694
	2,232,730			8,738,402			8,011,197			6,492,516			894,331			3,821,523
	1,402,878			(6,562,094	)		9,304,478			37,169,548			(12,017,554	)		777,910
	3,657,890			2,436,259			17,166,277			44,433,879			(7,626,436	)		12,183,127
	—			(758,865	)		—			(325,001	)		(3,399,127	)		(7,395,799	)
	—			(39,134	)		—			—			(97,699	)		(187,895	)
	—			(4,850,052	)		—			(5,957,785	)		—			(2,812,485	)
	—			(309,983	)		—			(901,370	)		—			(87,923	)
	—			(5,958,034	)		—			(7,184,156	)		(3,496,826	)		(10,484,102	)
	(20,004,328	)		6,656,674			30,936,164			(4,551,643	)		(8,951,723	)		10,923,774
	(16,346,438	)		3,134,899			48,102,441			32,698,080			(20,074,985	)		12,622,799
	40,552,466			37,417,567			221,241,822			188,543,742			311,946,363			299,323,564
$	24,206,028		$	40,552,466		$	269,344,263		$	221,241,822		$	291,871,378		$	311,946,363
$	33,128		$	10,846		$	86,063		$	235,461		$	(20,007	)	$	(19,968	)
$	1,425,580		$	6,366,986		$	42,020,221		$	35,261,454		$	36,618,217		$	89,501,492
	—			3,965,424			—			2,781,390			1,672,540			4,976,640
	(21,509,094	)		(3,795,494	)		(37,420,190	)		(44,258,695	)		(47,092,902	)		(84,907,102	)
	(20,083,514	)		6,536,916			4,600,031			(6,215,851	)		(8,802,145	)		9,571,030
	322,666			404,293			32,505,910			11,402,172			1,370,519			3,201,216
	—			345,792			—			718,866			85,141			236,380
	(243,480	)		(630,327	)		(6,169,777	)		(10,456,830	)		(1,605,238	)		(2,084,852	)
	79,186			119,758			26,336,133			1,664,208			(149,578	)		1,352,744
$	(20,004,328	)	$	6,656,674		$	30,936,164		$	(4,551,643	)	$	(8,951,723	)	$	10,923,774
	128,973			565,034			1,657,942			1,603,245			1,628,789			3,926,861
	—			374,798			—			121,716			74,534			218,067
	(1,866,773	)		(316,263	)		(1,463,766	)		(2,010,143	)		(2,097,334	)		(3,719,536	)
	(1,737,800	)		623,569			194,176			(285,182	)		(394,011	)		425,392
	28,854			33,519			1,325,766			525,642			60,925			139,993
	—			32,970			—			32,367			3,794			10,361
	(21,743	)		(52,598	)		(250,854	)		(486,707	)		(71,542	)		(91,472	)
	7,111			13,891			1,074,912			71,302			(6,823	)		58,882
	(1,730,689	)		637,460			1,269,088			(213,880	)		(400,834	)		484,274

Semi-Annual Shareholder Report

73

Statements of Changes in Net Assets (Continued)

	Huntington Intermediate Government Income Fund
	Six Months Ended June 30, 2013			Year Ended December 31, 2012
	(Unaudited)
Increase (Decrease) in Net Assets:
Operations—
Net investment income	$	1,112,843		$	2,558,582
Net realized gain (loss) on investments, options and foreign currency transactions		(154,231	)		538,950
Net change in unrealized appreciation/depreciation of investments, options and foreign currency transactions		(4,064,956	)		(645,661	)
Net increase (decrease) in net assets resulting from operations		(3,106,344	)		2,451,871
Distributions to Shareholders—
From and/or excess of net investment income:
Trust Shares		(1,069,759	)		(2,679,518	)
Class A Shares		(42,189	)		(91,998	)
From net realized gain on investments:
Trust Shares		—			(119,827	)
Class A Shares		—			(5,540	)
Change in net assets resulting from distributions to shareholders		(1,111,948	)		(2,896,883	)
Change in net assets resulting from capital transactions		(5,601,794	)		(17,016,952	)
Change in net assets		(9,820,086	)		(17,461,964	)
Net Assets
Beginning of period		121,518,664			138,980,628
End of period	$	111,698,578		$	121,518,664
Accumulated net investment income (loss) included in net assets at end of period	$	189,932		$	189,037
Capital Transactions:
Trust Shares
Shares sold	$	7,261,117		$	23,029,934
Dividends reinvested		455,757			1,394,820
Shares redeemed		(13,058,972	)		(41,870,812	)
Total Trust Shares		(5,342,098	)		(17,446,058	)
Class A Shares
Shares sold		809,702			1,630,219
Dividends reinvested		36,822			81,811
Shares redeemed		(1,106,220	)		(1,282,924	)
Total Class A Shares		(259,696	)		429,106
Net change resulting from capital transactions	$	(5,601,794	)	$	(17,016,952	)
Share Transactions:
Trust Shares
Shares sold		661,804			2,068,338
Dividends reinvested		41,647			125,215
Shares redeemed		(1,191,556	)		(3,754,805	)
Total Trust Shares		(488,105	)		(1,561,252	)
Class A Shares
Shares sold		73,894			146,311
Dividends reinvested		3,366			7,344
Shares redeemed		(101,068	)		(115,206	)
Total Class A Shares		(23,808	)		38,449
Net change resulting from share transactions		(511,913	)		(1,522,803	)

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

74

Huntington Mortgage Securities Fund							Huntington Ohio Tax-Free Fund						Huntington Short/Intermediate Fixed Income Securities Fund
Six Months Ended June 30, 2013			Year Ended December 31, 2012				Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012
(Unaudited)							(Unaudited)						(Unaudited)
$	984,051		$	1,974,167			$	523,415		$	1,066,186		$	938,544		$	2,683,509
	2,394,137			2,666,137				565,817			1,310,617			894,285			1,265,862
	(4,184,309	)		(1,286,525	)			(2,851,229	)		(236,909	)		(3,537,898	)		(40,547	)
	(806,121	)		3,353,779				(1,761,997	)		2,139,894			(1,705,069	)		3,908,824
	(780,691	)		(2,535,226	)			(494,009	)		(1,012,511	)		(903,083	)		(2,576,124	)
	(45,442	)		(106,188	)	��		(29,857	)		(53,675	)		(35,268	)		(107,385	)
	—			(491,462	)			—			(978,245	)		—			—
	—			(31,853	)			—			(63,005	)		—			—
	(826,133	)		(3,164,729	)			(523,866	)		(2,107,436	)		(938,351	)		(2,683,509	)
	957,464			(30,102,651	)			(671,910	)		230,660			(36,409,195	)		(27,238,642	)
	(674,790	)		(29,913,601	)			(2,957,773	)		263,118			(39,052,615	)		(26,013,327	)
	78,618,899			108,532,500				54,032,408			53,769,290			198,927,904			224,941,231
$	77,944,109		$	78,618,899			$	51,074,635		$	54,032,408		$	159,875,289		$	198,927,904
$	152,711		$	(5,207	)		$	(451	)	$	—		$	193		$	—
$	11,848,703		$	22,299,497			$	5,019,737		$	15,045,712		$	16,975,255		$	68,828,660
	139,063			1,094,220				29,341			165,244			93,190			662,525
	(11,113,859	)		(53,882,025	)			(5,660,518	)		(15,321,574	)		(50,103,118	)		(98,661,516	)
	873,907			(30,488,308	)			(611,440	)		(110,618	)		(33,034,673	)		(29,170,331	)
	698,590			1,439,782				487,425			831,863			522,735			4,842,752
	42,067			125,643				22,761			93,631			34,727			105,494
	(657,100	)		(1,179,768	)			(570,656	)		(584,216	)		(3,931,984	)		(3,016,557	)
	83,557			385,657				(60,470	)		341,278			(3,374,522	)		1,931,689
$	957,464		$	(30,102,651	)		$	(671,910	)	$	230,660		$	(36,409,195	)	$	(27,238,642	)
	1,288,196			2,389,996				229,879			680,696			844,107			3,405,258
	15,131			117,258				1,353			7,478			4,633			32,779
	(1,204,977	)		(5,751,919	)			(259,789	)		(691,230	)		(2,487,237	)		(4,879,412	)
	98,350			(3,244,665	)			(28,557	)		(3,056	)		(1,638,497	)		(1,441,375	)
	75,443			153,113				22,522			37,704			25,915			239,572
	4,549			13,420				1,050			4,241			1,728			5,217
	(70,994	)		(125,517	)			(26,570	)		(26,431	)		(194,779	)		(149,321	)
	8,998			41,016				(2,998	)		15,514			(167,136	)		95,468
	107,348			(3,203,649	)			(31,555	)		12,458			(1,805,633	)		(1,345,907	)

Semi-Annual Shareholder Report

75

Statements of Changes in Net Assets (Continued)

	Huntington Balanced Allocation Fund
	Six Months Ended June 30, 2013			Year Ended December 31, 2012
	(Unaudited)
Increase (Decrease) in Net Assets:
Operations—
Net investment income	$	281,083		$	199,849
Net realized gain on investments, options and foreign currency transactions		95,534			1,945,715
Net change in unrealized appreciation/depreciation of investments, options and foreign currency transactions		434,684			(96,551	)
Net increase in net assets resulting from operations		811,301			2,049,013
Distributions to Shareholders—
From and/or excess of net investment income:
Class A Shares		(280,978	)		(195,879	)
From net realized gain on investments:
Class A Shares		—			(1,634,017	)
Change in net assets resulting from distributions to shareholders		(280,978	)		(1,829,896	)
Change in net assets resulting from capital transactions		1,571,596			(9,669,159	)
Change in net assets		2,101,919			(9,450,042	)
Net Assets
Beginning of period		18,191,875			27,641,917
End of period	$	20,293,794		$	18,191,875
Accumulated net investment income included in net assets at end of period	$	802		$	697
Capital Transactions:
Class A Shares
Shares sold		3,708,906			4,756,802
Dividends reinvested		270,503			1,725,282
Shares redeemed		(2,407,813	)		(16,151,243	)
Total Class A Shares		1,571,596			(9,669,159	)
Net change resulting from capital transactions	$	1,571,596		$	(9,669,159	)
Share Transactions:
Class A Shares
Shares sold		322,624			401,594
Dividends reinvested		23,867			156,281
Shares redeemed		(209,782	)		(1,341,396	)
Total Class A Shares		136,709			(783,521	)
Net change resulting from share transactions		136,709			(783,521	)

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

76

Huntington Conservative Allocation Fund						Huntington Growth Allocation Fund
Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012
(Unaudited)						(Unaudited)
$	43,431		$	84,147		$	244,856		$	125,886
	50,996			847,999			357,598			1,993,339
	(90,568	)		(405,122	)		284,538			59,471
	3,859			527,024			886,992			2,178,696
	(42,921	)		(84,937	)		—			(127,525	)
	—			(858,976	)		—			(1,685,603	)
	(42,921	)		(943,913	)		—			(1,813,128	)
	251,098			(10,360,220	)		139,935			(8,793,409	)
	212,036			(10,777,109	)		1,026,927			(8,427,841	)
	4,767,180			15,544,289			13,190,458			21,618,299
$	4,979,216		$	4,767,180		$	14,217,385		$	13,190,458
$	510		$	—		$	244,856		$	—
	2,531,949			2,358,583			2,362,588			4,045,897
	39,787			875,337			—			1,747,429
	(2,320,638	)		(13,’594,140	)		(2,222,653	)		(14,586,735	)
	251,098			(10,360,220	)		139,935			(8,793,409	)
$	251,098		$	(10,360,220	)	$	139,935		$	(8,793,409	)
	274,817			215,570			204,722			332,783
	4,318			94,671			—			160,209
	(252,003	)		(1,237,186	)		(192,999	)		(1,167,770	)
	27,132			(926,945	)		11,723			(674,778	)
	27,132			(926,945	)		11,723			(674,778	)

Semi-Annual Shareholder Report

77

Financial Highlights

(For a share outstanding throughout each period)

	Net Asset Value, beginning of period		Net investment income (loss)			Net realized and unrealized gain (loss) on investments			Total from investment operations			Distributions from net investment income			Distributions from net realized gain on investment transactions			Total distributions
HUNTINGTON TAX-FREE MONEY MARKET FUND
Trust Shares
2008	$	1.00		0.02			—	(2)		0.02			(0.02	)		—			(0.02	)
2009	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2010	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2011	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2012	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2013(3)	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
Class A Shares
2008	$	1.00		0.02			—	(2)		0.02			(0.02	)		—			(0.02	)
2009	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—	(2)		—	(2)
2010	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2011	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2012	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2013(3)	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
HUNTINGTON MONEY MARKET FUND
Trust Shares
2008	$	1.00		0.02			—	(2)		0.02			(0.02	)		—			(0.02	)
2009	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2010	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2011	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2012	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2013(3)	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
Class A Shares
2008	$	1.00		0.01			—	(2)		0.01			(0.01	)		—			(0.01	)
2009	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2010	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2011	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2012	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2013(3)	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)

(1) If applicable, certain fees were waived and/or reimbursed. If such waivers/reimbursements had not occurred, the ratios would have been as indicated.

(2) Amount is less than $0.005.

(3) Six months ended June 30, 2013 (Unaudited).

(4) Not Annualized.

(5) Computed on an annualized basis.

(6) Rounds to less than 0.005%.

(See notes which are an integral part of the Financial Statements)

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78

Net Asset Value, end of period		Total return			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets(1)			Net Assets, end of period (000 omitted)
$	1.00		1.86	%		0.88	%		1.75	%		0.88	%	$	144,861
$	1.00		0.10	%		0.78	%		0.12	%		0.89	%	$	76,805
$	1.00		0.01	%		0.44	%		0.01	%		0.89	%	$	66,919
$	1.00		0.01	%		0.30	%		0.01	%		0.92	%	$	73,147
$	1.00		0.01	%		0.22	%		0.01	%		0.93	%	$	57,317
$	1.00		0.01	%(4)		0.18	%(5)		0.02	%(5)		0.92	%(5)	$	51,519
$	1.00		1.61	%		1.13	%		1.48	%		1.13	%	$	38,466
$	1.00		0.03	%		0.87	%		0.03	%		1.15	%	$	21,709
$	1.00		0.01	%		0.45	%		0.01	%		1.16	%	$	15,539
$	1.00		0.01	%		0.30	%		0.01	%		1.17	%	$	18,882
$	1.00		0.01	%		0.22	%		0.01	%		1.18	%	$	16,765
$	1.00		—	%(4)(6)		0.19	%(5)		0.01	%(5)		1.17	%(5)	$	17,004
$	1.00		1.59	%		0.80	%		1.53	%		0.80	%	$	779,158
$	1.00		0.01	%		0.45	%		0.02	%		0.87	%	$	260,720
$	1.00		0.01	%		0.31	%		0.01	%		0.88	%	$	214,981
$	1.00		0.01	%		0.24	%		0.01	%		0.84	%	$	262,067
$	1.00		0.01	%		0.23	%		0.01	%		0.86	%	$	240,924
$	1.00		—	%(4)(6)		0.15	%(5)		0.01	%(5)		0.85	%(5)	$	204,069
$	1.00		1.34	%		1.04	%		1.48	%		1.04	%	$	299,329
$	1.00		0.01	%		0.42	%		0.01	%		1.12	%	$	135,260
$	1.00		0.01	%		0.32	%		0.01	%		1.13	%	$	134,974
$	1.00		0.01	%		0.24	%		0.01	%		1.09	%	$	97,936
$	1.00		0.01	%		0.23	%		0.01	%		1.11	%	$	105,688
$	1.00		—	%(4)(6)		0.15	%(5)		0.01	%(5)		1.10	%(5)	$	122,244

Semi-Annual Shareholder Report

79

Financial Highlights (Continued)

(For a share outstanding throughout each period)

	Net Asset Value, beginning of period		Net investment income (loss)			Net realized and unrealized gain (loss) on investments			Total from investment operations			Distributions from net investment income			Distributions from net realized gain on investment transactions			Total distributions
HUNTINGTON OHIO MUNICIPAL MONEY MARKET FUND
Trust Shares
2008	$	1.00		0.02			—	(2)		0.02			(0.02	)		—			(0.02	)
2009	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2010	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2011	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2012	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2013(3)	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
Class A Shares
2008	$	1.00		0.02			—	(2)		0.02			(0.02	)		—			(0.02	)
2009	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2010	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2011	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2012	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2013(3)	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
HUNTINGTON U.S. TREASURY MONEY MARKET FUND
Trust Shares
2008	$	1.00		0.01			—	(2)		0.01			(0.01	)		—			(0.01	)
2009	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2010	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2011	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—	(2)		—	(2)
2012	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2013(3)	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
Class A Shares
2008	$	1.00		0.01			—	(2)		0.01			(0.01	)		—			(0.01	)
2009	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2010	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—			—	(2)
2011	$	1.00		—	(2)		—	(2)		—	(2)		—	(2)		—	(2)		—	(2)
2012	$	1.00		—	(2)		—	(2)		—	(2)		—			—			—
2013(3)	$	1.00		—			—	(2)		—	(2)		—			—			—

(1) If applicable, certain fees were waived and/or reimbursed. If such waivers/reimbursements had not occurred, the ratios would have been as indicated.

(2) Amount is less than $0.005.

(3) Six months ended June 30, 2013 (Unaudited).

(4) Not Annualized.

(5) Computed on an annualized basis.

(6) Rounds to less than 0.005%.

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

80

Net Asset Value, end of period		Total return			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets(1)			Net Assets, end of period (000 omitted)
$	1.00		1.81	%		0.83	%		1.73	%		0.83	%	$	312,467
$	1.00		0.12	%		0.78	%		0.14	%		0.89	%	$	142,956
$	1.00		0.01	%		0.42	%		0.01	%		0.88	%	$	81,023
$	1.00		0.01	%		0.28	%		0.01	%		0.84	%	$	61,212
$	1.00		0.01	%		0.20	%		0.01	%		0.88	%	$	58,279
$	1.00		—	%(4)(6)		0.17	%(5)		0.01	%(5)		0.86	%(5)	$	49,476
$	1.00		1.56	%		1.08	%		1.54	%		1.08	%	$	106,617
$	1.00		0.02	%		0.82	%		0.02	%		1.14	%	$	112,048
$	1.00		0.01	%		0.41	%		0.01	%		1.12	%	$	117,109
$	1.00		0.01	%		0.28	%		0.01	%		1.09	%	$	83,858
$	1.00		0.01	%		0.20	%		0.01	%		1.13	%	$	73,528
$	1.00		—	%(4)(6)		0.17	%(5)		0.01	%(5)		1.11	%(5)	$	87,845
$	1.00		0.93	%		0.69	%		0.93	%		0.76	%	$	583,050
$	1.00		0.01	%		0.20	%		0.01	%		0.79	%	$	261,263
$	1.00		0.01	%		0.15	%		0.01	%		0.76	%	$	312,870
$	1.00		0.01	%		0.07	%		0.01	%		0.74	%	$	251,704
$	1.00		0.01	%		0.09	%		0.01	%		0.74	%	$	737,310
$	1.00		0.02	%(4)		0.04	%(5)		0.05	%(5)		0.68	%(5)	$	1,156,696
$	1.00		0.74	%		0.83	%		0.67	%		0.98	%	$	126,485
$	1.00		0.01	%		0.20	%		0.01	%		1.03	%	$	54,935
$	1.00		0.01	%		0.15	%		0.01	%		1.01	%	$	74,845
$	1.00		0.01	%		0.07	%		0.01	%		0.99	%	$	83,204
$	1.00		—	%		0.09	%		—	%(6)		0.99	%	$	108,885
$	1.00		—	%(4)		0.09	%(5)		—	%(5)		0.93	%(5)	$	252,385

Semi-Annual Shareholder Report

81

Financial Highlights (Continued)

(For a share outstanding throughout each period)

	Net Asset Value, beginning of period		Net investment income (loss)		Net realized and unrealized gain (loss) on investments			Total from investment operations			Distributions from net investment income			Distributions from net realized gain on investment transactions			Distributions from return of capital			Total distributions
HUNTINGTON DISCIPLINED EQUITY FUND
Trust Shares
2011(4)	$	10.00		0.04		(0.19	)		(0.15	)		(0.04	)		—			—			(0.04	)
2012	$	9.81		0.10		(0.01	)		0.09			(0.10	)		—			—			(0.10	)
2013(7)	$	9.80		0.05		0.47			0.52			—			—			—			—
Class A Shares
2011(4)	$	10.00		0.02		(0.19	)		(0.17	)		(0.04	)		—			—			(0.04	)
2012	$	9.79		0.08		(0.02	)		0.06			(0.07	)		—			—			(0.07	)
2013(7)	$	9.78		0.04		0.47			0.51			—			—			—			—
HUNTINGTON DIVIDEND CAPTURE FUND
Trust Shares
2008	$	9.89		0.40		(3.18	)		(2.78	)		(0.39	)		(0.12	)		(0.03	)		(0.54	)
2009	$	6.57		0.29		1.31			1.60			(0.29	)		—			(0.02	)		(0.31	)
2010	$	7.86		0.25		0.83			1.08			(0.25	)		—			—			(0.25	)
2011	$	8.69		0.30		0.22			0.52			(0.30	)		—			—			(0.30	)
2012	$	8.91		0.33		0.63			0.96			(0.38	)		—			—			(0.38	)
2013(7)	$	9.49		0.20		0.87			1.07			(0.15	)		—			—			(0.15	)
Class A Shares
2008	$	9.89		0.38		(3.18	)		(2.80	)		(0.37	)		(0.12	)		(0.03	)		(0.52	)
2009	$	6.57		0.27		1.31			1.58			(0.27	)		—			(0.02	)		(0.29	)
2010	$	7.86		0.23		0.83			1.06			(0.23	)		—			—			(0.23	)
2011	$	8.69		0.28		0.21			0.49			(0.28	)		—			—			(0.28	)
2012	$	8.90		0.30		0.65			0.95			(0.36	)		—			—			(0.36	)
2013(7)	$	9.49		0.18		0.87			1.05			(0.14	)		—			—			(0.14	)

(1) Based on net asset value, which does not reflect a sales charge or contingent deferred sales charge, if applicable.

(2) If applicable, certain fees were waived and/or reimbursed. If such waivers/reimbursements had not occurred, the ratios would have been as indicated.

(3) Portfolio Turnover is calculated on the basis of the Fund as a whole without distinguishing among the classes of shares.

(4) Reflects operations for the period from August 1, 2011 (commencement of operations) to December 31, 2011.

(5) Not Annualized.

(6) Computed on an annualized basis.

(7) Six months ended June 30, 2013 (Unaudited).

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

82

Net Asset Value, end of period		Total return(1)			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets(2)			Net Assets, end of period (000 omitted)		Portfolio turnover rate(3)
$	9.81		(1.50	)%(5)		1.20	%(6)		0.98	%(6)		1.33	%(6)	$	65,294		3	%(5)
$	9.80		0.91	%		1.20	%		1.07	%		1.23	%	$	86,382		9	%
$	10.32		5.31	%(5)		1.19	%(6)		0.93	%(6)		1.19	%(6)	$	93,760		32	%(5)
$	9.79		(1.73	)%(5)		1.45	%(6)		0.72	%(6)		1.58	%(6)	$	5,661		3	%(5)
$	9.78		0.67	%		1.45	%		0.82	%		1.48	%	$	7,605		9	%
$	10.29		5.21	%(5)		1.44	%(6)		0.68	%(6)		1.44	%(6)	$	6,734		32	%(5)
$	6.57		(29.26	)%		1.31	%		4.56	%		1.31	%	$	60,162		66	%
$	7.86		25.24	%		1.41	%		4.37	%		1.41	%	$	74,593		99	%
$	8.69		13.99	%		1.40	%		3.05	%		1.40	%	$	100,622		115	%
$	8.91		6.03	%		1.36	%		3.40	%		1.36	%	$	117,798		143	%
$	9.49		10.87	%		1.21	%		3.55	%		1.36	%	$	145,946		109	%
$	10.41		11.36	%(5)		0.89	%(6)		3.92	%(6)		1.32	%(6)	$	169,331		58	%(5)
$	6.57		(29.41	)%		1.56	%		4.18	%		1.56	%	$	5,094		66	%
$	7.86		24.93	%		1.66	%		4.10	%		1.66	%	$	5,473		99	%
$	8.69		13.72	%		1.64	%		2.82	%		1.64	%	$	17,784		115	%
$	8.90		5.65	%		1.61	%		3.19	%		1.61	%	$	26,843		143	%
$	9.49		10.72	%		1.46	%		3.37	%		1.61	%	$	46,343		109	%
$	10.40		11.13	%(5)		1.14	%(6)		3.68	%(6)		1.57	%(6)	$	58,144		58	%(5)

Semi-Annual Shareholder Report

83

Financial Highlights (Continued)

(For a share outstanding throughout each period)

	Net Asset Value, beginning of period		Net investment income (loss)			Net realized and unrealized gain (loss) on investments			Total from investment operations			Distributions from net investment income			Distributions from net realized gain on investment transactions			Distributions from return of capital			Total distributions
HUNTINGTON GLOBAL SELECT MARKETS FUND
Trust Shares
2009(4)	$	10.00		—	(5)		—	(5)		—	(5)		—			—			—			—
2010	$	10.00		0.03			1.55			1.58			(0.11	)		—			(0.01	)		(0.12	)
2011	$	11.46		0.08			(1.99	)		(1.91	)		(0.05	)		(0.14	)		—			(0.19	)
2012	$	9.36		0.04			0.97			1.01			(0.04	)		—			—			(0.04	)
2013(8)	$	10.33		0.05			(0.49	)		(0.44	)		—			—			—			—
Class A Shares
2009(4)	$	10.00		—	(5)		—	(5)		—	(5)		—			—			—			—
2010	$	10.00		0.01			1.53			1.54			(0.09	)		—			(0.02	)		(0.11	)
2011	$	11.43		0.04			(1.97	)		(1.93	)		—	(5)		(0.14	)		—			(0.14	)
2012	$	9.36		0.01			0.97			0.98			(0.02	)		—			—			(0.02	)
2013(8)	$	10.32		0.04			(0.49	)		(0.45	)		—			—			—			—
HUNTINGTON INCOME EQUITY FUND
Trust Shares
2008	$	26.46		0.55			(10.54	)		(9.99	)		(0.54	)		(0.11	)		(0.03	)		(0.68	)
2009	$	15.79		0.47			2.87			3.34			(0.47	)		—			(0.01	)		(0.48	)
2010	$	18.65		0.49			1.62			2.11			(0.48	)		—			—			(0.48	)
2011	$	20.28		0.70			0.69			1.39			(0.72	)		—			—			(0.72	)
2012	$	20.95		0.81			1.37			2.18			(0.79	)		—			—			(0.79	)
2013(8)	$	22.34		0.41			1.89			2.30			(0.33	)		—			—			(0.33	)
Class A Shares
2008	$	26.46		0.51			(10.54	)		(10.03	)		(0.49	)		(0.11	)		(0.03	)		(0.63	)
2009	$	15.80		0.44			2.86			3.30			(0.43	)		—			(0.01	)		(0.44	)
2010	$	18.66		0.44			1.62			2.06			(0.43	)		—			—			(0.43	)
2011	$	20.29		0.65			0.68			1.33			(0.67	)		—			—			(0.67	)
2012	$	20.95		0.76			1.37			2.13			(0.73	)		—			—			(0.73	)
2013(8)	$	22.35		0.37			1.90			2.27			(0.30	)		—			—			(0.30	)

(1) Based on net asset value, which does not reflect a sales charge or contingent deferred sales charge, if applicable.

(2) If applicable, certain fees were waived and/or reimbursed. If such waivers/reimbursements had not occurred, the ratios would have been as indicated.

(3) Portfolio Turnover is calculated on the basis of the Fund as a whole without distinguishing among the classes of shares.

(4) Reflects operations for the period from December 30, 2009 (commencement of operations) to December 31, 2009.

(5) Amount is less than $0.005.

(6) Not Annualized.

(7) Computed on an annualized basis.

(8) Six months ended June 30, 2013 (Unaudited).

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

84

Net Asset Value, end of period		Total return(1)			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets(2)			Net Assets, end of period (000 omitted)		Portfolio turnover rate(3)
$	10.00		—	%(6)		1.83	%(7)		(1.46	)%(7)		1.83	%(7)	$	1		—	%(6)
$	11.46		15.85	%		1.90	%		0.40	%		2.19	%	$	41,116		45	%
$	9.36		(16.67	)%		1.79	%		0.71	%		1.79	%	$	38,871		110	%
$	10.33		10.82	%		1.90	%		0.40	%		1.90	%	$	38,696		97	%
$	9.89		(4.26	)%(6)		1.86	%(7)		0.95	%(7)		1.86	%(7)	$	27,706		71	%(6)
$	10.00		—	%(6)		2.19	%(7)		(2.92	)%(7)		2.19	%(7)	$	1		—	%(6)
$	11.43		15.38	%		2.16	%		0.20	%		2.44	%	$	860		45	%
$	9.36		(16.80	)%		2.04	%		0.48	%		2.04	%	$	541		110	%
$	10.32		10.43	%		2.15	%		0.09	%		2.15	%	$	416		97	%
$	9.87		(4.36	)%(6)		2.11	%(7)		0.85	%(7)		2.11	%(7)	$	390		71	%(6)
$	15.79		(38.35	)%		1.16	%		2.60	%		1.16	%	$	89,815		88	%
$	18.65		21.92	%		1.22	%		3.05	%		1.22	%	$	104,433		90	%
$	20.28		11.59	%		1.22	%		2.59	%		1.22	%	$	101,076		89	%
$	20.95		6.92	%		1.19	%		3.36	%		1.19	%	$	114,048		197	%
$	22.34		10.50	%		1.19	%		3.69	%		1.19	%	$	131,708		203	%
$	24.31		10.30	%(6)		1.16	%(7)		3.36	%(7)		1.16	%(7)	$	136,796		75	%(6)
$	15.80		(38.47	)%		1.41	%		2.34	%		1.41	%	$	3,214		88	%
$	18.66		21.60	%		1.47	%		2.83	%		1.47	%	$	3,271		90	%
$	20.29		11.31	%		1.47	%		2.39	%		1.47	%	$	5,935		89	%
$	20.95		6.60	%		1.44	%		3.08	%		1.44	%	$	5,464		197	%
$	22.35		10.27	%		1.44	%		3.44	%		1.44	%	$	6,016		203	%
$	24.32		10.17	%(6)		1.41	%(7)		3.12	%(7)		1.41	%(7)	$	7,026		75	%(6)

Semi-Annual Shareholder Report

85

Financial Highlights (Continued)

(For a share outstanding throughout each period)

	Net Asset Value, beginning of period		Net investment income (loss)			Net realized and unrealized gain (loss) on investments			Total from investment operations			Distributions from net investment income			Distributions from net realized gain on investment transactions			Distributions from return of capital			Total distributions
HUNTINGTON INTERNATIONAL EQUITY FUND
Trust Shares
2008	$	15.01		0.17			(6.36	)		(6.19	)		(0.13	)		(0.47	)		—			(0.60	)
2009	$	8.22		0.17			2.52			2.69			(0.10	)		(0.02	)		—			(0.12	)
2010	$	10.79		0.13			0.70			0.83			(0.09	)		—			—			(0.09	)
2011	$	11.53		0.15			(1.47	)		(1.32	)		(0.12	)		—			—			(0.12	)
2012	$	10.09		0.14			1.30			1.44			(0.19	)		—			—	(3)		(0.19	)
2013(4)	$	11.34		0.12			0.26			0.38			—			—			—			—
Class A Shares
2008	$	14.90		0.13			(6.29	)		(6.16	)		(0.11	)		(0.47	)		—			(0.58	)
2009	$	8.16		0.13			2.51			2.64			(0.06	)		(0.02	)		—			(0.08	)
2010	$	10.72		0.08			0.73			0.81			(0.08	)		—			—			(0.08	)
2011	$	11.45		0.13			(1.47	)		(1.34	)		(0.09	)		—			—			(0.09	)
2012	$	10.02		0.12			1.28			1.40			(0.16	)		—			—	(3)		(0.16	)
2013(4)	$	11.26		0.10			0.26			0.36			—			—			—			—
HUNTINGTON MID CORP AMERICA FUND
Trust Shares
2008	$	16.31		0.02			(5.98	)		(5.96	)		(0.01	)		(0.41	)		—			(0.42	)
2009	$	9.93		0.04			3.20			3.24			(0.04	)		—			—			(0.04	)
2010	$	13.13		0.01			3.00			3.01			(0.01	)		(0.50	)		—			(0.51	)
2011	$	15.63		0.01			(0.43	)		(0.42	)		(0.01	)		(1.44	)		—			(1.45	)
2012	$	13.76		0.05			1.95			2.00			(0.02	)		(2.04	)		—			(2.06	)
2013(4)	$	13.70		0.04			2.03			2.07			—			—			—			—
Class A Shares
2008	$	16.00		(0.02	)		(5.84	)		(5.86	)		—			(0.41	)		—			(0.41	)
2009	$	9.73		0.01			3.12			3.13			(0.01	)		—			—			(0.01	)
2010	$	12.85		(0.01	)		2.91			2.90			—			(0.50	)		—			(0.50	)
2011	$	15.25		(0.03	)		(0.41	)		(0.44	)		—			(1.44	)		—			(1.44	)
2012	$	13.37		0.01			1.83			1.84			—			(2.04	)		—			(2.04	)
2013(4)	$	13.17		0.02			1.96			1.98			—			—			—			—

(1) Based on net asset value, which does not reflect a sales charge or contingent deferred sales charge, if applicable.

(2) Portfolio Turnover is calculated on the basis of the Fund as a whole without distinguishing among the classes of shares.

(3) Amount is less than $0.005.

(4) Six months ended June 30, 2013 (Unaudited).

(5) Not Annualized.

(6) Computed on an annualized basis.

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

86

Net Asset Value, end of period		Total return(1)			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets			Net Assets, end of period (000 omitted)		Portfolio turnover rate(2)
$	8.22		(41.73	)%		1.57	%		1.37	%		1.57	%	$	191,163		21	%
$	10.79		32.84	%		1.59	%		1.68	%		1.59	%	$	322,427		26	%
$	11.53		7.72	%		1.59	%		1.14	%		1.59	%	$	296,797		41	%
$	10.09		(11.40	)%		1.56	%		1.28	%		1.56	%	$	255,832		39	%
$	11.34		14.28	%		1.58	%		1.32	%		1.58	%	$	285,361		25	%
$	11.72		3.35	%(5)		1.56	%(6)		1.96	%(6)		1.56	%(6)	$	283,112		40	%(5)
$	8.16		(41.88	)%		1.82	%		1.13	%		1.82	%	$	6,929		21	%
$	10.72		32.45	%		1.84	%		1.28	%		1.84	%	$	7,547		26	%
$	11.45		7.54	%		1.84	%		0.86	%		1.84	%	$	10,631		41	%
$	10.02		(11.67	)%		1.81	%		1.03	%		1.81	%	$	8,192		39	%
$	11.26		14.00	%		1.83	%		1.06	%		1.83	%	$	9,105		25	%
$	11.62		3.20	%(5)		1.81	%(6)		1.73	%(6)		1.81	%(6)	$	8,918		40	%(5)
$	9.93		(37.51	)%		1.31	%		0.10	%		1.31	%	$	87,843		18	%
$	13.13		32.59	%		1.36	%		0.30	%		1.36	%	$	131,638		12	%
$	15.63		22.94	%		1.36	%		0.08	%		1.36	%	$	141,282		19	%
$	13.76		(2.37	)%		1.32	%		0.03	%		1.32	%	$	122,124		25	%
$	13.70		14.70	%		1.38	%		0.32	%		1.38	%	$	125,258		18	%
$	15.77		15.11	%(5)		1.34	%(6)		0.51	%(6)		1.34	%(6)	$	135,262		1	%(5)
$	9.73		(37.62	)%		1.56	%		(0.16	)%		1.56	%	$	2,875		18	%
$	12.85		32.19	%		1.61	%		0.04	%		1.61	%	$	3,608		12	%
$	15.25		22.61	%		1.61	%		(0.13	)%		1.61	%	$	7,513		19	%
$	13.37		(2.56	)%		1.57	%		(0.23	)%		1.57	%	$	6,610		25	%
$	13.17		13.94	%		1.63	%		0.08	%		1.63	%	$	9,118		18	%
$	15.15		15.03	%(5)		1.59	%(6)		0.27	%(6)		1.59	%(6)	$	10,055		1	%(5)

Semi-Annual Shareholder Report

87

Financial Highlights (Continued)

(For a share outstanding throughout each period)

	Net Asset Value, beginning of period		Net investment income (loss)			Net realized and unrealized gain (loss) on investments			Total from investment operations			Distributions from net investment income			Distributions from net realized gain on investment transactions			Distributions from return of capital			Total distributions
HUNTINGTON REAL STRATEGIES FUND
Trust Shares
2008	$	10.79		0.05	(3)		(5.86	)		(5.81	)		(0.05	)		—			(0.03	)		(0.08	)
2009	$	4.90		0.04			1.54			1.58			(0.06	)		—			—			(0.06	)
2010	$	6.42		0.02			1.59			1.61			(0.04	)		—			—			(0.04	)
2011	$	7.99		0.05			(0.82	)		(0.77	)		(0.07	)		—			—			(0.07	)
2012	$	7.15		0.11			0.26			0.37			(0.10	)		—			—			(0.10	)
2013(4)	$	7.42		0.10			(0.41	)		(0.31	)		—			—			—			—
Class A Shares
2008	$	10.78		0.03	(3)		(5.85	)		(5.82	)		(0.02	)		—			(0.02	)		(0.04	)
2009	$	4.92		0.03			1.54			1.57			(0.06	)		—			—			(0.06	)
2010	$	6.43		0.01			1.59			1.60			(0.03	)		—			—			(0.03	)
2011	$	8.00		0.03			(0.82	)		(0.79	)		(0.05	)		—			—			(0.05	)
2012	$	7.16		0.09			0.26			0.35			(0.08	)		—			—			(0.08	)
2013(4)	$	7.43		0.09			(0.41	)		(0.32	)		—			—			—			—
HUNTINGTON ROTATING MARKETS FUND
Trust Shares
2008	$	13.63		0.10			(5.71	)		(5.61	)		(0.10	)		(0.19	)		—			(0.29	)
2009	$	7.73		0.10			2.50			2.60			(0.10	)		—			—			(0.10	)
2010	$	10.23		0.03			0.59			0.62			—	(7)		—			—			—	(7)
2011	$	10.85		0.17			0.54			0.71			(0.03	)		—			—			(0.03	)
2012	$	11.53		0.04			0.69			0.73			(0.21	)		(1.60	)		—			(1.81	)
2013(4)	$	10.45		0.01			0.79			0.80			—			—			—			—
Class A Shares
2008	$	13.54		0.07			(5.66	)		(5.59	)		(0.07	)		(0.19	)		—			(0.26	)
2009	$	7.69		0.08			2.48			2.56			(0.07	)		—			—			(0.07	)
2010	$	10.18		0.01			0.59			0.60			—	(7)		—			—			—	(7)
2011	$	10.78		0.14			0.53			0.67			—	(7)		—			—			—	(7)
2012	$	11.45		0.04			0.65			0.69			(0.18	)		(1.60	)		—			(1.78	)
2013(4)	$	10.36		(0.01	)		0.80			0.79			—			—			—			—

(1) Based on net asset value, which does not reflect a sales charge or contingent deferred sales charge, if applicable.

(2) Portfolio Turnover is calculated on the basis of the Fund as a whole without distinguishing among the classes of shares.

(3) Per share net investment income (loss) has been calculated using the average shares method.

(4) Six months ended June 30, 2013 (Unaudited).

(5) Not Annualized.

(6) Computed on an annualized basis.

(7) Amount is less than $0.005.

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

88

Net Asset Value, end of period		Total return(1)			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets			Net Assets, end of period (000 omitted)		Portfolio turnover rate(2)
$	4.90		(53.87	)%		1.38	%		0.65	%		1.38	%	$	35,110		72	%
$	6.42		32.33	%		1.38	%		0.82	%		1.38	%	$	72,641		36	%
$	7.99		25.09	%		1.35	%		0.27	%		1.35	%	$	90,813		22	%
$	7.15		(9.64	)%		1.35	%		0.66	%		1.35	%	$	92,475		60	%
$	7.42		5.20	%		1.35	%		1.54	%		1.35	%	$	96,292		30	%
$	7.11		(4.18	)%(5)		1.34	%(6)		2.69	%(6)		1.34	%(6)	$	87,978		33	%(5)
$	4.92		(53.95	)%		1.63	%		0.39	%		1.63	%	$	514		72	%
$	6.43		31.82	%		1.63	%		0.64	%		1.63	%	$	1,114		36	%
$	8.00		24.85	%		1.60	%		0.03	%		1.60	%	$	2,052		22	%
$	7.16		(9.88	)%		1.60	%		0.39	%		1.60	%	$	2,004		60	%
$	7.43		4.96	%		1.60	%		1.30	%		1.60	%	$	2,173		30	%
$	7.11		(4.31	)%(5)		1.59	%(6)		2.44	%(6)		1.59	%(6)	$	2,144		33	%(5)
$	7.73		(41.68	)%		1.18	%		0.85	%		1.18	%	$	28,390		218	%
$	10.23		33.64	%		1.19	%		1.16	%		1.19	%	$	41,786		230	%
$	10.85		6.07	%		1.19	%		0.27	%		1.19	%	$	36,729		250	%
$	11.53		6.57	%		1.21	%		1.39	%		1.21	%	$	35,046		2	%
$	10.45		6.40	%		1.18	%		0.66	%		1.18	%	$	38,263		105	%
$	11.25		7.66	%(5)		1.20	%(6)		0.13	%(6)		1.20	%(6)	$	21,662		111	%(5)
$	7.69		(41.81	)%		1.43	%		0.59	%		1.43	%	$	2,000		218	%
$	10.18		33.32	%		1.44	%		0.85	%		1.44	%	$	1,937		230	%
$	10.78		5.90	%		1.43	%		0.09	%		1.43	%	$	2,600		250	%
$	11.45		6.26	%		1.46	%		1.13	%		1.46	%	$	2,371		2	%
$	10.36		6.07	%		1.43	%		0.42	%		1.43	%	$	2,290		105	%
$	11.15		7.63	%(5)		1.45	%(6)		(0.12	)%(6)		1.45	%(6)	$	2,544		111	%(5)

Semi-Annual Shareholder Report

89

Financial Highlights (Continued)

(For a share outstanding throughout each period)

	Net Asset Value, beginning of period		Net investment income (loss)			Net realized and unrealized gain (loss) on investments			Total from investment operations			Distributions from net investment income			Distributions from net realized gain on investment transactions			Distributions from return of capital			Total distributions
HUNTINGTON SITUS FUND
Trust Shares
2008	$	20.00		0.01			(7.83	)		(7.82	)		—			(0.47	)		—			(0.47	)
2009	$	11.71		0.03			4.27			4.30			(0.01	)		(0.03	)		(0.02	)		(0.06	)
2010	$	15.95		(0.03	)		4.29			4.26			—			—			—			—
2011	$	20.21		(0.05	)		(0.63	)		(0.68	)		—			—			—			—
2012	$	19.53		0.09			4.60			4.69			(0.04	)		(0.74	)		—			(0.78	)
2013(3)	$	23.44		(0.01	)		1.80			1.79			—			—			—			—
Class A Shares
2008	$	19.70		(0.03	)		(7.71	)		(7.74	)		—			(0.47	)		—			(0.47	)
2009	$	11.49		(0.01	)		4.19			4.18			—	(6)		(0.03	)		—	(6)		(0.03	)
2010	$	15.64		(0.06	)		4.20			4.14			—			—			—			—
2011	$	19.78		(0.10	)		(0.62	)		(0.72	)		—			—			—			—
2012	$	19.06		0.04			4.48			4.52			—			(0.74	)		—			(0.74	)
2013(3)	$	22.84		(0.04	)		1.75			1.71			—			—			—			—
HUNTINGTON FIXED INCOME SECURITIES FUND
Trust Shares
2008	$	21.15		0.85			0.24			1.09			(0.85	)		(0.05	)		—			(0.90	)
2009	$	21.34		0.78			0.34			1.12			(0.78	)		(0.06	)		—			(0.84	)
2010	$	21.62		0.67			0.57			1.24			(0.67	)		(0.03	)		—			(0.70	)
2011	$	22.16		0.60			0.76			1.36			(0.60	)		(0.33	)		—			(0.93	)
2012	$	22.59		0.56			0.33			0.89			(0.56	)		(0.21	)		—			(0.77	)
2013(3)	$	22.71		0.26			(0.82	)		(0.56	)		(0.26	)		—			—			(0.26	)
Class A Shares
2008	$	21.15		0.80			0.24			1.04			(0.80	)		(0.05	)		—			(0.85	)
2009	$	21.34		0.73			0.34			1.07			(0.73	)		(0.06	)		—			(0.79	)
2010	$	21.62		0.61			0.57			1.18			(0.61	)		(0.03	)		—			(0.64	)
2011	$	22.16		0.55			0.76			1.31			(0.55	)		(0.33	)		—			(0.88	)
2012	$	22.59		0.51			0.33			0.84			(0.51	)		(0.21	)		—			(0.72	)
2013(3)	$	22.71		0.23			(0.82	)		(0.59	)		(0.23	)		—			—			(0.23	)

(1) Based on net asset value, which does not reflect a sales charge or contingent deferred sales charge, if applicable.

(2) Portfolio Turnover is calculated on the basis of the Fund as a whole without distinguishing among the classes of shares.

(3) Six months ended June 30, 2013 (Unaudited).

(4) Not Annualized.

(5) Computed on an annualized basis.

(6) Amount is less than $0.005.

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

90

Net Asset Value, end of period		Total return(1)			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets			Net Assets, end of period (000 omitted)		Portfolio turnover rate(2)
$	11.71		(39.25	)%		1.34	%		0.06	%		1.34	%	$	77,947		19	%
$	15.95		36.86	%		1.38	%		0.25	%		1.38	%	$	141,342		25	%
$	20.21		26.71	%		1.36	%		(0.16	)%		1.36	%	$	183,311		32	%
$	19.53		(3.36	)%		1.32	%		(0.25	)%		1.32	%	$	166,134		18	%
$	23.44		24.11	%		1.35	%		0.41	%		1.35	%	$	192,757		11	%
$	25.23		7.64	%(4)		1.31	%(5)		(0.07	)%(5)		1.31	%(5)	$	212,338		6	%(4)
$	11.49		(39.44	)%		1.59	%		(0.21	)%		1.59	%	$	12,121		19	%
$	15.64		36.52	%		1.63	%		(0.01	)%		1.63	%	$	16,747		25	%
$	19.78		26.47	%		1.61	%		(0.38	)%		1.61	%	$	23,990		32	%
$	19.06		(3.64	)%		1.57	%		(0.50	)%		1.57	%	$	22,409		18	%
$	22.84		23.82	%		1.60	%		0.17	%		1.60	%	$	28,485		11	%
$	24.55		7.49	%(4)		1.56	%(5)		(0.31	)%(5)		1.56	%(5)	$	57,006		6	%(4)
$	21.34		5.32	%		1.06	%		4.05	%		1.06	%	$	183,011		31	%
$	21.62		5.36	%		1.08	%		3.62	%		1.08	%	$	229,570		30	%
$	22.16		5.75	%		1.06	%		2.99	%		1.06	%	$	283,953		19	%
$	22.59		6.26	%		1.04	%		2.70	%		1.04	%	$	291,200		35	%
$	22.71		3.98	%		1.06	%		2.44	%		1.06	%	$	302,442		30	%
$	21.89		(2.50	)%(4)		1.04	%(5)		2.31	%(5)		1.04	%(5)	$	282,860		15	%(4)
$	21.34		5.06	%		1.31	%		3.80	%		1.31	%	$	2,525		31	%
$	21.62		5.10	%		1.33	%		3.36	%		1.33	%	$	3,420		30	%
$	22.16		5.50	%		1.30	%		2.68	%		1.30	%	$	8,413		19	%
$	22.59		6.01	%		1.29	%		2.45	%		1.29	%	$	8,123		35	%
$	22.71		3.74	%		1.31	%		2.19	%		1.31	%	$	9,505		30	%
$	21.89		(2.62	)%(4)		1.29	%(5)		2.06	%(5)		1.29	%(5)	$	9,011		15	%(4)

Semi-Annual Shareholder Report

91

Financial Highlights (Continued)

(For a share outstanding throughout each period)

	Net Asset Value, beginning of period		Net investment income (loss)		Net realized and unrealized gain (loss) on investments			Total from investment operations			Distributions from net investment income			Distributions from net realized gain on investment transactions			Total distributions
HUNTINGTON INTERMEDIATE GOVERNMENT INCOME FUND
Trust Shares
2008	$	10.49		0.41		0.40			0.81			(0.41	)		—			(0.41	)
2009	$	10.89		0.35		(0.15	)		0.20			(0.35	)		—			(0.35	)
2010	$	10.74		0.31		0.19			0.50			(0.31	)		(0.03	)		(0.34	)
2011	$	10.90		0.26		0.28			0.54			(0.27	)		(0.02	)		(0.29	)
2012	$	11.15		0.20		(0.02	)		0.18			(0.22	)		(0.01	)		(0.23	)
2013(3)	$	11.10		0.10		(0.40	)		(0.30	)		(0.10	)		—			(0.10	)
Class A Shares
2008	$	10.49		0.38		0.40			0.78			(0.38	)		—			(0.38	)
2009	$	10.89		0.32		(0.15	)		0.17			(0.32	)		—			(0.32	)
2010	$	10.74		0.28		0.19			0.47			(0.28	)		(0.03	)		(0.31	)
2011	$	10.90		0.24		0.26			0.50			(0.24	)		(0.02	)		(0.26	)
2012	$	11.14		0.18		(0.01	)		0.17			(0.20	)		(0.01	)		(0.21	)
2013(3)	$	11.10		0.09		(0.40	)		(0.31	)		(0.09	)		—			(0.09	)
HUNTINGTON MORTGAGE SECURITIES FUND
Trust Shares
2008	$	8.92		0.34		(0.12	)		0.22			(0.34	)		(0.01	)		(0.35	)
2009	$	8.79		0.29		0.15			0.44			(0.31	)		—			(0.31	)
2010	$	8.92		0.27		0.19			0.46			(0.28	)		—			(0.28	)
2011	$	9.10		0.24		0.21			0.45			(0.29	)		—			(0.29	)
2012	$	9.26		0.16		0.11			0.27			(0.24	)		(0.06	)		(0.30	)
2013(3)	$	9.23		0.12		(0.21	)		(0.09	)		(0.10	)		—			(0.10	)
Class A Shares
2008	$	8.97		0.32		(0.13	)		0.19			(0.31	)		(0.01	)		(0.32	)
2009	$	8.84		0.27		0.15			0.42			(0.29	)		—			(0.29	)
2010	$	8.97		0.23		0.22			0.45			(0.26	)		—			(0.26	)
2011	$	9.16		0.21		0.22			0.43			(0.27	)		—			(0.27	)
2012	$	9.32		0.15		0.10			0.25			(0.22	)		(0.06	)		(0.28	)
2013(3)	$	9.29		0.11		(0.22	)		(0.11	)		(0.09	)		—			(0.09	)

(1) Based on net asset value, which does not reflect a sales charge or contingent deferred sales charge, if applicable.

(2) Portfolio Turnover is calculated on the basis of the Fund as a whole without distinguishing among the classes of shares.

(3) Six months ended June 30, 2013 (Unaudited).

(4) Not Annualized.

(5) Computed on an annualized basis.

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

92

Net Asset Value, end of period		Total return(1)			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets			Net Assets, end of period (000 omitted)		Portfolio turnover rate(2)
$	10.89		7.88	%		1.07	%		3.84	%		1.07	%	$	115,159		27	%
$	10.74		1.86	%		1.10	%		3.21	%		1.10	%	$	110,761		26	%
$	10.90		4.64	%		1.10	%		2.80	%		1.10	%	$	115,470		6	%
$	11.15		5.05	%		1.08	%		2.38	%		1.08	%	$	134,149		21	%
$	11.10		1.68	%		1.09	%		1.86	%		1.09	%	$	116,280		20	%
$	10.70		(2.69	)%(4)		1.08	%(5)		1.91	%(5)		1.08	%(5)	$	106,903		11	%(4)
$	10.89		7.62	%		1.32	%		3.60	%		1.32	%	$	1,438		27	%
$	10.74		1.60	%		1.35	%		2.93	%		1.35	%	$	2,215		26	%
$	10.90		4.38	%		1.34	%		2.50	%		1.34	%	$	4,675		6	%
$	11.14		4.69	%		1.33	%		2.13	%		1.33	%	$	4,832		21	%
$	11.10		1.53	%		1.34	%		1.60	%		1.34	%	$	5,238		20	%
$	10.70		(2.81	)%(4)		1.33	%(5)		1.66	%(5)		1.33	%(5)	$	4,796		11	%(4)
$	8.79		2.45	%		1.10	%		3.82	%		1.10	%	$	82,729		13	%
$	8.92		5.17	%		1.11	%		3.32	%		1.11	%	$	100,114		24	%
$	9.10		5.21	%		1.11	%		2.87	%		1.11	%	$	96,832		6	%
$	9.26		5.01	%		1.11	%		2.57	%		1.11	%	$	104,098		22	%
$	9.23		2.95	%		1.11	%		1.89	%		1.11	%	$	73,818		26	%
$	9.04		(1.01	)%(4)		1.13	%(5)		2.54	%(5)		1.13	%(5)	$	73,162		23	%(4)
$	8.84		2.16	%		1.35	%		3.55	%		1.35	%	$	3,022		13	%
$	8.97		4.85	%		1.36	%		3.07	%		1.36	%	$	2,629		24	%
$	9.16		5.03	%		1.35	%		2.62	%		1.35	%	$	3,910		6	%
$	9.32		4.71	%		1.36	%		2.29	%		1.36	%	$	4,434		22	%
$	9.29		2.68	%		1.36	%		1.62	%		1.36	%	$	4,801		26	%
$	9.09		(1.24	)%(4)		1.38	%(5)		2.29	%(5)		1.38	%(5)	$	4,782		23	%(4)

Semi-Annual Shareholder Report

93

Financial Highlights (Continued)

(For a share outstanding throughout each period)

	Net Asset Value, beginning of period		Net investment income (loss)		Net realized and unrealized gain (loss) on investments			Total from investment operations			Distributions from net investment income			Distributions from net realized gain on investment transactions			Total distributions
HUNTINGTON OHIO TAX-FREE FUND
Trust Shares
2008	$	20.95		0.57		(0.17	)		0.40			(0.57	)		(0.03	)		(0.60	)
2009	$	20.75		0.59		0.45			1.04			(0.59	)		—			(0.59	)
2010	$	21.20		0.50		(0.11	)		0.39			(0.50	)		(0.07	)		(0.57	)
2011	$	21.02		0.46		1.08			1.54			(0.46	)		(0.16	)		(0.62	)
2012	$	21.94		0.43		0.42			0.85			(0.43	)		(0.42	)		(0.85	)
2013(3)	$	21.94		0.21		(0.93	)		(0.72	)		(0.21	)		—			(0.21	)
Class A Shares
2008	$	20.93		0.51		(0.16	)		0.35			(0.51	)		(0.03	)		(0.54	)
2009	$	20.74		0.54		0.44			0.98			(0.54	)		—			(0.54	)
2010	$	21.18		0.45		(0.11	)		0.34			(0.45	)		(0.07	)		(0.52	)
2011	$	21.00		0.40		1.09			1.49			(0.40	)		(0.16	)		(0.56	)
2012	$	21.93		0.37		0.42			0.79			(0.37	)		(0.42	)		(0.79	)
2013(3)	$	21.93		0.19		(0.93	)		(0.74	)		(0.19	)		—			(0.19	)
HUNTINGTON SHORT/INTERMEDIATE FIXED INCOME SECURITIES FUND
Trust Shares
2008	$	19.46		0.67		(0.59	)		0.08			(0.67	)		—			(0.67	)
2009	$	18.87		0.53		0.91			1.44			(0.53	)		—			(0.53	)
2010	$	19.78		0.40		0.19			0.59			(0.40	)		—			(0.40	)
2011	$	19.97		0.27		0.12			0.39			(0.27	)		—			(0.27	)
2012	$	20.09		0.25		0.11			0.36			(0.25	)		—			(0.25	)
2013(3)	$	20.20		0.11		(0.32	)		(0.21	)		(0.11	)		—			(0.11	)
Class A Shares
2008	$	19.46		0.63		(0.59	)		0.04			(0.63	)		—			(0.63	)
2009	$	18.87		0.48		0.91			1.39			(0.48	)		—			(0.48	)
2010	$	19.78		0.35		0.20			0.55			(0.35	)		—			(0.35	)
2011	$	19.98		0.22		0.12			0.34			(0.22	)		—			(0.22	)
2012	$	20.10		0.20		0.10			0.30			(0.20	)		—			(0.20	)
2013(3)	$	20.20		0.08		(0.32	)		(0.24	)		(0.08	)		—			(0.08	)

(1) Based on net asset value, which does not reflect a sales charge or contingent deferred sales charge, if applicable.

(2) Portfolio Turnover is calculated on the basis of the Fund as a whole without distinguishing among the classes of shares.

(3) Six months ended June 30, 2013 (Unaudited).

(4) Not Annualized.

(5) Computed on an annualized basis.

(See notes which are an integral part of the Financial Statements)

Semi-Annual Shareholder Report

94

Net Asset Value, end of period	Total return(1)			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets			Net Assets, end of period (000 omitted)		Portfolio turnover rate(2)
$20.75		1.95	%		1.22	%		2.73	%		1.22	%	$	32,946		19	%
$21.20		5.05	%		1.20	%		2.80	%		1.20	%	$	42,568		21	%
$21.02		1.85	%		1.20	%		2.36	%		1.20	%	$	48,741		18	%
$21.94		7.37	%		1.22	%		2.13	%		1.22	%	$	50,628		28	%
$21.94		3.90	%		1.19	%		1.92	%		1.19	%	$	50,552		47	%
$21.01		(3.30	)%(4)		1.18	%(5)		1.96	%(5)		1.18	%(5)	$	47,804		22	%(4)
$20.74		1.74	%		1.47	%		2.49	%		1.47	%	$	1,422		19	%
$21.18		4.74	%		1.45	%		2.54	%		1.45	%	$	1,745		21	%
$21.00		1.60	%		1.45	%		2.09	%		1.45	%	$	3,192		18	%
$21.93		7.16	%		1.47	%		1.88	%		1.47	%	$	3,141		28	%
$21.93		3.65	%		1.44	%		1.67	%		1.44	%	$	3,481		47	%
$21.00		(3.42	)%(4)		1.43	%(5)		1.72	%(5)		1.43	%(5)	$	3,270		22	%(4)
$18.87		0.43	%		1.08	%		3.51	%		1.08	%	$	79,130		51	%
$19.78		7.70	%		1.09	%		2.67	%		1.09	%	$	149,384		50	%
$19.97		2.99	%		1.06	%		1.97	%		1.06	%	$	196,479		24	%
$20.09		1.98	%		1.05	%		1.35	%		1.05	%	$	215,735		31	%
$20.20		1.79	%		1.06	%		1.22	%		1.06	%	$	187,744		23	%
$19.88		(1.06	)%(4)		1.06	%(5)		1.07	%(5)		1.06	%(5)	$	152,192		15	%(4)
$18.87		0.18	%		1.33	%		3.26	%		1.33	%	$	555		51	%
$19.78		7.43	%		1.33	%		2.38	%		1.33	%	$	1,076		50	%
$19.98		2.78	%		1.30	%		1.60	%		1.30	%	$	7,639		24	%
$20.10		1.72	%		1.30	%		1.10	%		1.30	%	$	9,207		31	%
$20.20		1.48	%		1.31	%		0.97	%		1.31	%	$	11,183		23	%
$19.88		(1.18	)%(4)		1.31	%(5)		0.84	%(5)		1.31	%(5)	$	7,683		15	%(4)

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Financial Highlights(Continued)

(For a share outstanding throughout each period)

	Net Asset Value, beginning of period		Net investment income (loss)		Net realized and unrealized gain (loss) on investments			Total from investment operations			Distributions from net investment income			Distributions from net realized gain on investment transactions			Total distributions
HUNTINGTON BALANCED ALLOCATION FUND
2009(3)	$	10.00		0.05		0.75			0.80			(0.06	)		—	(4)		(0.06	)
2010	$	10.74		0.09		0.88			0.97			(0.09	)		(0.05	)		(0.14	)
2011	$	11.57		0.10		(0.13	)		(0.03	)		(0.10	)		(0.11	)		(0.21	)
2012	$	11.33		0.12		0.75			0.87			(0.12	)		(1.09	)		(1.21	)
2013(8)	$	10.99		0.16		0.33			0.49			(0.16	)		—			(0.16	)
HUNTINGTON CONSERVATIVE ALLOCATION FUND
2009(3)	$	10.00		0.08		0.34			0.42			(0.09	)		(0.01	)		(0.10	)
2010	$	10.32		0.17		0.41			0.58			(0.16	)		(0.05	)		(0.21	)
2011	$	10.69		0.15		0.11			0.26			(0.15	)		(0.08	)		(0.23	)
2012	$	10.72		0.14		0.33			0.47			(0.14	)		(1.93	)		(2.07	)
2013(8)	$	9.12		0.08		(0.07	)		0.01			(0.08	)		—			(0.08	)
HUNTINGTON GROWTH ALLOCATION FUND
2009(3)	$	10.00		0.04		0.88			0.92			(0.05	)		—	(4)		(0.05	)
2010	$	10.87		0.06		1.09			1.15			(0.06	)		(0.08	)		(0.14	)
2011	$	11.88		0.07		(0.28	)		(0.21	)		(0.07	)		(0.15	)		(0.22	)
2012	$	11.45		0.11		1.03			1.14			(0.11	)		(1.61	)		(1.72	)
2013(8)	$	10.87		0.20		0.53			0.73			—			—			—

(1) Based on net asset value, which does not reflect a sales charge or contingent deferred sales charge, if applicable.

(2) If applicable, certain fees were waived and/or reimbursed. If such waivers/reimbursements had not occurred, the ratios would have been as indicated.

(3) Reflects operations for the period from July 31, 2009 (commencement of operations) to December 31, 2009.

(4) Amount is less than $0.005.

(5) Not Annualized.

(6) Computed on an annualized basis.

(7) Does not include the effect of expenses of underlying funds.

(8) Six months ended June 30, 2013 (Unaudited).

(See notes which are an integral part of the Financial Statements)

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Net Asset Value, end of period		Total return(1)			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets(2)			Net Assets, end of period (000 omitted)		Portfolio turnover rate
$	10.74		8.03	%(5)		0.62	%(6)(7)		1.30	%(6)		0.85	%(6)(7)	$	13,336		42	%(5)
$	11.57		9.14	%		0.59	%(7)		0.94	%		0.74	%(7)	$	24,656		26	%
$	11.33		(0.18	)%		0.67	%(7)		0.90	%		0.80	%(7)	$	27,642		23	%
$	10.99		7.79	%		0.68	%(7)		0.98	%		0.89	%(7)	$	18,192		74	%
$	11.32		4.45	%(5)		0.72	%(6)(7)		2.89	%(6)		0.87	%(6)(7)	$	20,294		23	%(5)
$	10.32		4.13	%(5)		0.72	%(6)(7)		1.91	%(6)		0.86	%(6)(7)	$	11,248		32	%(5)
$	10.69		5.70	%		0.70	%(7)		1.60	%		0.79	%(7)	$	14,840		22	%
$	10.72		2.50	%		0.73	%(7)		1.43	%		0.83	%(7)	$	15,544		15	%
$	9.12		4.43	%		0.80	%(7)		1.11	%		1.00	%(7)	$	4,767		37	%
$	9.05		0.07	%(5)		0.81	%(6)(7)		1.71	%(6)		1.17	%(6)(7)	$	4,979		30	%(5)
$	10.87		9.21	%(5)		0.52	%(6)(7)		1.03	%(6)		0.85	%(6)(7)	$	12,923		52	%(5)
$	11.88		10.69	%		0.51	%(7)		0.61	%		0.77	%(7)	$	19,132		29	%
$	11.45		(1.75	)%		0.64	%(7)		0.63	%		0.84	%(7)	$	21,618		23	%
$	10.87		10.01	%		0.63	%(7)		0.85	%		0.95	%(7)	$	13,190		54	%
$	11.60		6.72	%(5)		0.67	%(6)(7)		3.51	%(6)		0.94	%(6)(7)	$	14,217		32	%(5)

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Notes to Financial Statements

June 30, 2013 (Unaudited)

(1) Organization

The Huntington Funds (the “Trust”) was organized as a single Delaware statutory trust on June 23, 2006. The Trust is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. As of June 30, 2013, the Trust operated 33 separate series, or mutual funds, each with its own investment objective and strategy. The Funds’ prospectus provides a description of each fund’s investment objectives, policies and strategies along with information on the classes of shares currently being offered. This report contains financial statements and financial highlights of the retail funds listed below (individually referred to as a “Fund,” or collectively as the “Funds”):

Funds	Investment Share Classes Offered*
Huntington Tax-Free Money Market Fund (“Tax-Free Money Market Fund”)	Trust & A
Huntington Money Market Fund (“Money Market Fund”)	Trust, A & Interfund**
Huntington Ohio Municipal Money Market Fund (“Ohio Municipal Money Market Fund”)	Trust & A
Huntington U.S. Treasury Money Market Fund (“U.S. Treasury Money Market Fund”)	Trust & A
Huntington Disciplined Equity Fund (“Disciplined Equity Fund”)	Trust & A
Huntington Dividend Capture Fund (“Dividend Capture Fund”)	Trust & A
Huntington Global Select Markets Fund (“Global Select Markets Fund”)	Trust & A
Huntington Income Equity Fund (“Income Equity Fund”)	Trust & A
Huntington International Equity Fund (“International Equity Fund”)	Trust & A
Huntington Mid Corp America Fund (“Mid Corp America Fund”)	Trust & A
Huntington Real Strategies Fund (“Real Strategies Fund”)	Trust & A
Huntington Rotating Markets Fund (“Rotating Markets Fund”)	Trust & A
Huntington Situs Fund (“Situs Fund”)	Trust & A
Huntington Fixed Income Securities Fund (“Fixed Income Securities Fund”)	Trust & A
Huntington Intermediate Government Income Fund (“Intermediate Government Income Fund”)	Trust & A
Huntington Mortgage Securities Fund (“Mortgage Securities Fund”)	Trust & A
Huntington Ohio Tax-Free Fund (“Ohio Tax-Free Fund”)	Trust & A
Huntington Short/Intermediate Fixed Income Securities Fund (“Short/Intermediate Fixed Income Securities Fund”)	Trust & A
Huntington Balanced Allocation Fund (“Balanced Allocation Fund”)	A

Funds	Investment Share Classes Offered*
Huntington Conservative Allocation Fund (“Conservative Allocation Fund”)	A
Huntington Growth Allocation Fund (“Growth Allocation Fund”)	A

* Each class of shares for each Fund has identical rights and privileges except with respect to distribution (12b-1) and shareholder services fees, voting rights on matters affecting a single class of shares, exchange privileges of each class of shares and sales charges. The price at which the Funds will offer or redeem shares is the net asset value (“NAV”) per share next determined after the order is considered received, subject to any applicable front end or contingent deferred sales charges. Class A has a maximum sales charge on purchases of 4.75% as a percentage of the original purchase price except for the Fixed Income Securities Fund, Intermediate Government Income Fund, Mortgage Securities Fund and Ohio Tax-Free Fund which are 3.75%, and the Short/Intermediate Fixed Income Securities Fund which is 1.50%. The Tax-Free Money Market Fund, Money Market Fund, Ohio Municipal Money Market Fund and the U.S. Treasury Money Market Fund (collectively the “Money Market Funds”) do not have sales charges on original purchases.

** As of June 30, 2013, the Interfund shares are available for purchase; however the balance remains zero.

On May 18, 2012, the Huntington Mid Corp America Fund (“Acquiring Fund”) acquired all of the assets and assumed all of the liabilities of the Huntington New Economy Fund (“Acquired Fund”) pursuant to an agreement and plan of reorganization approved by the Board of Trustees on January 17, 2012. The reorganization provides shareholders of the Acquired Fund access to a larger and more diversified portfolio with a similar investment strategy and lower expenses. The reorganization qualified as a tax-free reorganization for federal income tax purposes with no gain or loss recognized to the Funds or their shareholders.

The acquisition was accomplished by a tax-free exchange of 964,397 Institutional Class shares of the Acquiring Fund (valued at $13,560,775) for 1,364,414 Institutional Class shares of the Acquired Fund, 218,019 Class A shares of the Acquiring Fund (valued at $2,975,148) for 308,667 Class A shares of the Acquired Fund, each outstanding on May 18, 2012. The investment portfolio of the Acquired Fund, with a fair value of $16,514,542 and identified cost of $18,597,144, was the principal asset acquired by the Acquiring Fund. For financial reporting purposes, assets received and shares issued by the Acquiring Fund were recorded at fair value; however, the identified cost of the investments received from the Acquired Fund was carried forward to align ongoing reporting of the Acquiring Fund’s realized and unrealized gains and losses with amounts distributable to shareholders for tax purposes. The aggregate net assets of the Acquiring Fund immediately before the acquisition were $123,890,843. The aggregate net assets of the Acquired Fund at that date of $16,535,923, including $(2,082,602) of unrealized

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depreciation, were combined with those of the Acquiring Fund, resulting in combined aggregate net assets of $140,426,766.

Assuming the acquisition had been completed on January 1, 2012, the beginning of the annual reporting period of the Acquiring Fund, the Acquiring Fund’s pro forma results of operations for the year ended December 31, 2012, are as follows (unaudited):

Net Investment Income*	$	645,323
Net Realized and Unrealized Gain on Investments	$	22,701,707
Net Increase in Net Assets Resulting From Operations	$	23,347,030

* Net Investment Income reflects $17,000 of pro forma additional merger expenses.

Because the combined investment portfolios have been managed as a single portfolio since the acquisition was completed, it is not practicable to separate the amounts of revenue and earnings of the Acquired Fund that have been included in the Acquiring Fund’s accompanying Statement of Operations since May 18, 2012.

Under the Trust’s organizational documents, its officers and Board of Trustees (“Trustees”) are indemnified against certain liabilities arising out of the performance of their duties to the Funds. In addition, in the normal course of business, the Trust may enter into contracts with vendors and others that provide for general indemnifications. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust. However, based on experience, the Trust expects that risk of loss to be remote.

(2) Significant Accounting Policies

The following is a summary of significant accounting policies consistently followed by each Fund in the preparation of its financial statements. These policies are in conformity with generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets, liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses for the period. Actual results could differ from those estimates.

A. Investment Valuations

The Trust calculates the NAV for each of the Funds (other than the Money Market Funds) by valuing securities held based on fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

For the Money Market Funds, the Trust attempts to stabilize the NAV per share at $1.00 per share by valuing portfolio securities using the amortized cost method, which approximates market value. Under the amortized cost method, premium or discount, if any, is amortized or accreted,

respectively, on a constant (straight-line) basis to the maturity of the security.

The valuation techniques described below maximize the use of observable inputs and minimize the use of unobservable inputs in determining fair value. The inputs used for valuing the Funds’ investments are summarized in the three broad levels listed below:

• Level 1—quoted prices in active markets for identical assets.

• Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

• Level 3—significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments).

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The Trust recognizes transfers between fair value hierarchy levels at the reporting period end. The inputs or methodology used for valuing investments is not necessarily an indication of the risk associated with investing in those investments.

In computing the NAV of the Funds, other than the Money Market Funds, fair value is based on market valuations with respect to portfolio securities for which market quotations are readily available. Pursuant to Trustee-approved policies, the Trust relies on certain security pricing services to provide the current market value of securities. Those security pricing services value equity securities (including foreign equity securities, exchange-traded funds and closed-end funds) traded on a securities exchange at the last reported sales price on the principal exchange. Equity securities quoted by NASDAQ are valued at the NASDAQ official closing price. If there is no reported sale on the principal exchange, and in the case of over-the-counter securities, equity securities are valued at a bid price estimated by the security pricing service. In each of these situations, valuations are typically categorized as Level 1 in the fair value hierarchy. Investments in open-end investment companies are valued at their respective net asset value as reported by such companies and are typically categorized as Level 1 in the fair value hierarchy.

Option contracts are generally valued using the closing price based on quote data from the six major U.S. options exchanges on which such options are traded, and are typically categorized as Level 1 in the fair value hierarchy.

Debt securities traded on a national securities exchange or in the over-the-counter market are valued at the last reported sales price on the principal exchange, except that U.S. government obligations held by Mortgage Securities Fund are valued at the mean between the over-the-counter bid and asked prices furnished by the security pricing service. If there is no reported sale on the principal exchange, and for all other debt securities, debt securities are valued at a bid price estimated by the security pricing service. Foreign securities quoted in foreign currencies are translated in U.S. dollars at the foreign exchange rate in effect as of the close of the

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Notes to Financial Statements (Continued)

New York Stock Exchange (NYSE) (generally 4:00 p.m. Eastern Time), on the day the value of the foreign security is determined. Short-term investments with remaining maturities of 60 days or less at the time of purchase are valued at amortized cost. In each of these situations, valuations are typically categorized as Level 2 in the fair value hierarchy.

Under certain circumstances, a good faith determination of the fair value of a security may be used instead of its current market value, even if the security’s market price is readily available. In such circumstances, the Trust’s Administrator may request that the Trust’s Pricing Committee make its own fair value determination.

Securities for which market quotations are not readily available are valued at fair value under Trust procedures approved by the Trustees. In these cases, a Pricing Committee established and appointed by the Trustees determines in good faith, subject to Trust procedures, the fair value of portfolio securities held by a Fund (“good faith fair valuation”). When a good faith fair valuation of a security is required, consideration is generally given to a number of factors including, but not limited to the following: dealer quotes, published analyses by dealers or analysts regarding the security, transactions which provide implicit valuation of the security (such as a merger or tender offer transaction), the value of other securities or contracts which derive their value from the security at issue, and the implications of any other circumstances which have caused trading in the security to halt. With respect to certain narrow categories of securities, the procedures utilized by the Pricing Committee detail specific valuation methodologies to be applied in lieu of considering the aforementioned list of factors. Depending on the source and relative significance of valuation inputs, these instruments may be classified as Level 2 or Level 3 in the fair value hierarchy.

Fair valuation procedures are also used when a significant event affecting the value of a portfolio security is determined to have occurred between the time when the price of the portfolio security is determined and the close of trading on the NYSE, which is when each Fund’s NAV is computed. An event is considered significant if there is both an affirmative expectation that the security’s value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Significant events include significant securities market movements occurring between the time the price of the portfolio security is determined and the close of trading on the NYSE. For domestic fixed income securities, such events may occur where the cut-off time for the market

information used by the independent pricing service is earlier than the end of regular trading on the NYSE. For securities normally priced at their last sale price in a foreign market, such events can occur between the close of trading in the foreign market and the close of trading on the NYSE.

In some cases, events affecting the issuer of a portfolio security may be considered significant events. Examples of potentially significant events include announcements concerning earnings, acquisitions, new products, management changes, litigation developments, a strike or natural disaster affecting the company’s operations or regulatory changes or market developments affecting the issuer’s industry occurring between the time when the price of the portfolio security is determined and the close of trading on the NYSE. For securities of foreign issuers, such events could also include political or other developments affecting the economy or markets in which the issuer conducts its operations or its securities are traded.

There can be no assurance that a Fund could purchase or sell a portfolio security at the price used to calculate the Fund’s NAV. In the case of good faith fair valued portfolio securities, lack of information and uncertainty as to the significance of information may lead to a conclusion that a prior valuation is the best indication of a portfolio security’s present value. Good faith fair valuations generally remain unchanged until new information becomes available. Consequently, changes in good faith fair valuation of portfolio securities may be less frequent and of greater magnitude than changes in the price of portfolio securities valued at their last sale price, by an independent pricing service, or based on market quotations.

The Funds’ Trustees have authorized the use of an independent fair valuation service to monitor changes in a designated U.S. market index after foreign markets close, and to implement a fair valuation methodology to adjust the closing prices of foreign securities. If the movement in the index is greater than predetermined levels, the Funds may use a systematic valuation model provided by an independent third party to fair value its international equity securities, which are then typically categorized as Level 2 in the fair value hierarchy.

In accordance with the valuation procedures adopted by the Trustees, real estate investments are fair valued using methods such as discounted cash flow models, various real estate debt spreads, and other market indicators, which the Trustees deem indicative of the estimated fair value of the real estate investments.

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The following is a summary of the inputs used to value the Funds’ investments as of June 30, 2013, based on the three levels defined above:

	LEVEL 1			LEVEL 2		LEVEL 3		Total
Tax-Free Money Market Fund
Investment Securities:
Municipal Bonds	$	—		$	66,559,586	$	—	$	66,559,586
Cash Equivalents		1,875,836			—		—		1,875,836
Total Investment Securities		1,875,836			66,559,586		—		68,435,422
Money Market Fund
Investment Securities:
Commercial Paper		—			114,950,004		—		114,950,004
U.S. Government Agencies
Federal Home Loan Bank		—			30,395,929		—		30,395,929
Federal Home Loan Mortgage Corporation		—			26,541,618		—		26,541,618
Federal National Mortgage Association		—			9,993,078		—		9,993,078
Municipal Bonds		—			44,200,000		—		44,200,000
Repurchase Agreements		—			38,955,100		—		38,955,100
Yankee Certificates of Deposit		—			20,010,855		—		20,010,855
Corporate Bonds
Financials		—			6,345,418		—		6,345,418
Cash Equivalents		35,000,000			—		—		35,000,000
Total Investment Securities		35,000,000			291,392,002		—		326,392,002
Ohio Municipal Money Market Fund
Investment Securities:
Municipal Bonds		—			128,345,962		—		128,345,962
Cash Equivalents		5,053,131			—		—		5,053,131
Total Investment Securities		5,053,131			128,345,962		—		133,399,093
U.S. Treasury Money Market Fund
Investment Securities:
U.S. Treasury Obligations		—			928,350,819		—		928,350,819
Repurchase Agreements		—			480,000,000		—		480,000,000
Total Investment Securities		—			1,408,350,819		—		1,408,350,819
Disciplined Equity Fund
Investment Securities:
Common Stocks
Consumer Discretionary		7,409,503			—		—		7,409,503
Consumer Staples		8,186,739			—		—		8,186,739
Energy		11,714,682			—		—		11,714,682
Financials		12,062,926			—		—		12,062,926
Health Care		9,277,041			—		—		9,277,041
Industrials		8,859,625			—		—		8,859,625
Information Technology		17,545,659			—		—		17,545,659
Materials		5,164,764			—		—		5,164,764
Telecommunication Services		2,431,980			—		—		2,431,980
Utilities		1,251,424			—		—		1,251,424
Exchange-Traded Funds		240,832			—		—		240,832
Options Purchased		315,000			—		—		315,000
Cash Equivalents		16,248,821			—		—		16,248,821
Total Investment Securities		100,708,996			—		—		100,708,996
Other Financial Instruments:*
Written Options		(1,282,014	)		—		—		(1,282,014	)
Total Investments		99,426,982			—		—		99,426,982

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Notes to Financial Statements (Continued)

	LEVEL 1			LEVEL 2		LEVEL 3		Total
Dividend Capture Fund
Investment Securities:
Common Stocks
Consumer Discretionary	$	7,246,890		$	—	$	—	$	7,246,890
Consumer Staples		12,690,900			—		—		12,690,900
Energy		34,742,664			—		—		34,742,664
Financials		34,248,205			—		—		34,248,205
Health Care		12,293,985			—		—		12,293,985
Industrials		17,403,707			—		—		17,403,707
Information Technology		14,337,713			—		—		14,337,713
Materials		5,817,080			—		—		5,817,080
Real Estate Investment Trusts		13,228,710			—		—		13,228,710
Telecommunication Services		4,817,250			—		—		4,817,250
Utilities		7,612,773			—		—		7,612,773
Preferred Stocks
Financials		27,666,575			—		—		27,666,575
Industrials		2,201,400			—		—		2,201,400
Real Estate Investment Trusts		9,511,987			—		—		9,511,987
Telecommunication Services		2,667,000			—		—		2,667,000
Utilities		6,569,800			—		—		6,569,800
Exchange-Traded Funds		5,486,325			—		—		5,486,325
Cash Equivalents		8,029,449			—		—		8,029,449
Short-Term Securities Held as Collateral for Securities Lending		23,475,352			—		—		23,475,352
Total Investment Securities		250,047,765			—		—		250,047,765
Other Financial Instruments:*
Written Options		(323,500	)		—		—		(323,500	)
Total Investments		249,724,265			—		—		249,724,265
Global Select Markets Fund
Investment Securities:
Common Stocks
Consumer Discretionary		3,878,444			—		—		3,878,444
Consumer Staples		3,331,051			—		—		3,331,051
Energy		1,076,517			—		—		1,076,517
Financials		7,215,134			—		—		7,215,134
Health Care		1,137,432			—		—		1,137,432
Industrials		2,009,705			—		—		2,009,705
Information Technology		2,668,103			—		—		2,668,103
Materials		2,057,497			—		—		2,057,497
Telecommunication Services		427,400			—		—		427,400
Utilities		1,761,235			—		—		1,761,235
Exchange-Traded Funds		1,037,275			—		—		1,037,275
Corporate Bonds		—			157,018		—		157,018
Foreign Government Bonds		—			175,402		—		175,402
Cash Equivalents		1,062,247			—		—		1,062,247
Short-Term Securities Held as Collateral for Securities Lending		306,390			—		—		306,390
Total Investment Securities		27,968,430			332,420		—		28,300,850

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	LEVEL 1			LEVEL 2		LEVEL 3		Total
Income Equity Fund
Investment Securities:
Common Stocks
Consumer Discretionary	$	8,271,930		$	—	$	—	$	8,271,930
Consumer Staples		11,183,160			—		—		11,183,160
Energy		25,112,187			—		—		25,112,187
Financials		23,749,992			—		—		23,749,992
Health Care		12,504,776			—		—		12,504,776
Industrials		15,798,675			—		—		15,798,675
Information Technology		15,851,559			—		—		15,851,559
Materials		6,517,155			—		—		6,517,155
Real Estate Investment Trusts		10,271,779			—		—		10,271,779
Telecommunication Services		5,080,758			—		—		5,080,758
Utilities		7,985,826			—		—		7,985,826
Cash Equivalents		1,427,059			—		—		1,427,059
Short-Term Securities Held as Collateral for Securities Lending		18,129,042			—		—		18,129,042
Total Investment Securities		161,883,898			—		—		161,883,898
Other Financial Instruments:*
Written Options		(189,392	)		—		—		(189,392	)
Total Investments		161,694,506			—		—		161,694,506
International Equity Fund
Investment Securities:
Common Stocks
Consumer Discretionary		32,138,726			—		—		32,138,726
Consumer Staples		28,091,289			—		—		28,091,289
Energy		11,146,434			—		—		11,146,434
Financials		66,472,837			—		—		66,472,837
Health Care		31,111,908			—		—		31,111,908
Industrials		43,655,785			—		—		43,655,785
Information Technology		20,729,880			—		—		20,729,880
Materials		24,276,015			—		—		24,276,015
Real Estate Investment Trusts		136,466			—		—		136,466
Telecommunication Services		20,511,076			—		—		20,511,076
Utilities		5,353,492			—		—		5,353,492
Closed-End Fund		3,428,000			—		—		3,428,000
Cash Equivalents		3,858,216			—		—		3,858,216
Short-Term Securities Held as Collateral for Securities Lending		4,819,186			—		—		4,819,186
Total Investment Securities		295,729,310			—		—		295,729,310
Mid Corp America Fund
Investment Securities:
Common Stocks
Consumer Discretionary		13,245,059			—		—		13,245,059
Consumer Staples		5,150,321			—		—		5,150,321
Energy		8,718,397			—		—		8,718,397
Financials		21,650,905			—		—		21,650,905
Health Care		24,322,877			—		—		24,322,877
Industrials		20,424,833			—		—		20,424,833
Information Technology		24,643,791			—		—		24,643,791
Materials		6,786,239			—		—		6,786,239
Real Estate Investment Trusts		9,002,027			—		—		9,002,027
Telecommunication Services		525,420			—		—		525,420
Utilities		3,977,474			—		—		3,977,474
Cash Equivalents		7,173,403			—		—		7,173,403
Short-Term Securities Held as Collateral for Securities Lending		7,555,534			—		—		7,555,534
Total Investment Securities		153,176,280			—		—		153,176,280

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Notes to Financial Statements (Continued)

	LEVEL 1			LEVEL 2		LEVEL 3		Total
Real Strategies Fund
Investment Securities:
Common Stocks
Consumer Staples	$	1,413,985		$	—	$	—	$	1,413,985
Energy		37,674,932			—		—		37,674,932
Industrials		16,930,111			—		—		16,930,111
Materials		14,645,830			—		—		14,645,830
Exchange-Traded Funds		6,201,910			—		—		6,201,910
Real Estate Investments		—			—		4,924,921		4,924,921
Closed-End Fund		2,279,646			—		—		2,279,646
Exchange-Traded Notes		1,421,612			—		—		1,421,612
Cash Equivalents		4,038,047			—		—		4,038,047
Short-Term Securities Held as Collateral for Securities Lending		22,112,481			—		—		22,112,481
Total Investment Securities		106,718,554			—		4,924,921		111,643,475
Other Financial Instruments:*
Written Options		(1,625	)		—		—		(1,625	)
Total Investments		106,716,929			—		4,924,921		111,641,850
Rotating Markets Fund
Investment Securities:
Common Stocks
Consumer Discretionary		2,992,937			—		—		2,992,937
Consumer Staples		912,707			—		—		912,707
Energy		1,312,297			—		—		1,312,297
Financials		2,781,971			—		—		2,781,971
Health Care		2,358,126			—		—		2,358,126
Industrials		4,262,371			—		—		4,262,371
Information Technology		3,187,771			—		—		3,187,771
Materials		1,659,559			—		—		1,659,559
Real Estate Investment Trusts		2,167,120			—		—		2,167,120
Telecommunication Services		168,187			—		—		168,187
Utilities		1,046,190			—		—		1,046,190
Exchange-Traded Funds		754,002			—		—		754,002
Cash Equivalents		691,738			—		—		691,738
Short-Term Securities Held as Collateral for Securities Lending		1,048,283			—		—		1,048,283
Total Investment Securities		25,343,259			—		—		25,343,259
Situs Fund
Investment Securities:
Common Stocks
Consumer Discretionary		37,068,199			—		—		37,068,199
Consumer Staples		9,678,789			—		—		9,678,789
Energy		10,288,554			—		—		10,288,554
Financials		32,459,807			—		—		32,459,807
Health Care		26,587,082			—		—		26,587,082
Industrials		47,557,273			—		—		47,557,273
Information Technology		52,892,188			—		—		52,892,188
Materials		27,799,722			—		—		27,799,722
Real Estate Investment Trusts		5,753,110			—		—		5,753,110
Telecommunication Services		305,370			—		—		305,370
Utilities		4,259,762			—		—		4,259,762
Exchange-Traded Funds		975,600			—		—		975,600
Closed-End Fund		408,000			—		—		408,000
Cash Equivalents		17,873,306			—		—		17,873,306
Short-Term Securities Held as Collateral for Securities Lending		38,418,039			—		—		38,418,039
Total Investment Securities		312,324,801			—		—		312,324,801
Other Financial Instruments:*
Written Options		(569,500	)		—		—		(569,500	)
Total Investments		311,755,301			—		—		311,755,301

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	LEVEL 1		LEVEL 2		LEVEL 3		Total
Fixed Income Securities Fund
Investment Securities:
Corporate Bonds
Consumer Discretionary	$	—	$	15,687,095	$	—	$	15,687,095
Consumer Staples		—		10,675,016		—		10,675,016
Energy		—		20,620,764		—		20,620,764
Financials		—		66,948,903		—		66,948,903
Health Care		—		26,668,623		—		26,668,623
Industrials		—		8,387,145		—		8,387,145
Information Technology		—		19,204,861		—		19,204,861
Materials		—		11,432,238		—		11,432,238
Real Estate Investment Trusts		—		10,270,942		—		10,270,942
Telecommunication Services		—		6,400,944		—		6,400,944
Utilities		—		21,115,063		—		21,115,063
U.S. Treasury Obligations
U.S. Treasury Bonds		—		29,583,346		—		29,583,346
U.S. Treasury Notes		—		11,316,252		—		11,316,252
U.S. Government Agencies
Federal Farm Credit Bank		—		2,143,926		—		2,143,926
Federal Home Loan Bank		—		12,243,679		—		12,243,679
Federal Home Loan Mortgage Corporation		—		3,996,268		—		3,996,268
Federal National Mortgage Association		—		3,342,654		—		3,342,654
U.S. Government Mortgage Backed Agencies
Federal Home Loan Mortgage Corporation		—		924,489		—		924,489
Federal National Mortgage Association		—		99,740		—		99,740
Government National Mortgage Association		—		1,676,910		—		1,676,910
Preferred Stocks
Utilities		788,100		—		—		788,100
Cash Equivalents		4,722,170		—		—		4,722,170
Total Investment Securities		5,510,270		282,738,858		—		288,249,128
Intermediate Government Income Fund
Investment Securities:
U.S. Government Agencies
Federal Farm Credit Bank		—		18,308,004		—		18,308,004
Federal Home Loan Bank		—		30,928,136		—		30,928,136
Federal National Mortgage Association		—		2,027,492		—		2,027,492
U.S. Government Mortgage Backed Agencies
Federal Home Loan Mortgage Corporation		—		10,489,293		—		10,489,293
Federal National Mortgage Association		—		15,494,005		—		15,494,005
Government National Mortgage Association		—		6,236,888		—		6,236,888
U.S. Treasury Obligations
U.S. Treasury Notes		—		24,056,114		—		24,056,114
Collateralized Mortgage Obligations
Federal Home Loan Bank		—		1,061,086		—		1,061,086
Federal Home Loan Mortgage Corporation		—		168,037		—		168,037
Federal National Mortgage Association		—		64,000		—		64,000
Government National Mortgage Association		—		393,937		—		393,937
Cash Equivalents		2,027,229		—		—		2,027,229
Total Investment Securities		2,027,229		109,226,992		—		111,254,221

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105

Notes to Financial Statements (Continued)

	LEVEL 1		LEVEL 2		LEVEL 3		Total
Mortgage Securities Fund
Investment Securities:
U.S. Government Mortgage Backed Agencies
Federal Home Loan Mortgage Corporation	$	—	$	16,772,926	$	—	$	16,772,926
Federal National Mortgage Association		—		40,755,028		—		40,755,028
Government National Mortgage Association		—		4,464,924		—		4,464,924
U.S. Government Agencies
Federal Farm Credit Bank		—		2,318,223		—		2,318,223
Federal Home Loan Bank		—		1,187,395		—		1,187,395
Federal National Mortgage Association		—		3,903,888		—		3,903,888
Common Stocks
Real Estate Investment Trusts		3,889,267		—		—		3,889,267
Collateralized Mortgage Obligations
Federal Home Loan Mortgage Corporation		—		477,664		—		477,664
Federal National Mortgage Association		—		195,332		—		195,332
Cash Equivalents		3,550,120		—		—		3,550,120
Short-Term Securities Held as Collateral for Securities Lending		173,768		—		—		173,768
Total Investment Securities		7,613,155		70,075,380		—		77,688,535
Ohio Tax-Free Fund
Investment Securities:
Municipal Bonds		—		50,879,099		—		50,879,099
Cash Equivalents		95,272		—		—		95,272
Total Investment Securities		95,272		50,879,099		—		50,974,371
Short/Intermediate Fixed Income Securities Fund
Investment Securities:
Corporate Bonds
Consumer Discretionary		—		9,143,267		—		9,143,267
Consumer Staples		—		10,609,221		—		10,609,221
Energy		—		11,647,180		—		11,647,180
Financials		—		35,625,135		—		35,625,135
Health Care		—		22,663,608		—		22,663,608
Industrials		—		10,585,327		—		10,585,327
Information Technology		—		8,665,521		—		8,665,521
Materials		—		12,137,088		—		12,137,088
Real Estate Investment Trusts		—		3,155,835		—		3,155,835
Telecommunication Services		—		4,095,022		—		4,095,022
Utilities		—		4,199,478		—		4,199,478
U.S. Government Agencies
Federal Agricultural Mortgage Corporation		—		3,083,856		—		3,083,856
Federal Home Loan Bank		—		7,249,120		—		7,249,120
Federal National Mortgage Association		—		4,594,661		—		4,594,661
U.S. Treasury Obligations
U.S. Treasury Notes		—		4,282,869		—		4,282,869
Cash Equivalents		3,356,085		—		—		3,356,085
Total Investment Securities		3,356,085		151,737,188		—		155,093,273
Balanced Allocation Fund
Investment Securities:
Mutual Funds		15,548,348		—		—		15,548,348
Exchange-Traded Funds		4,381,197		—		—		4,381,197
Cash Equivalents		427,389		—		—		427,389
Total Investment Securities		20,356,934		—		—		20,356,934
Conservative Allocation Fund
Investment Securities:
Mutual Funds		4,514,114		—		—		4,514,114
Exchange-Traded Funds		381,774		—		—		381,774
Cash Equivalents		127,008		—		—		127,008
Total Investment Securities		5,022,896		—		—		5,022,896

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	LEVEL 1		LEVEL 2		LEVEL 3		Total
Growth Allocation Fund
Investment Securities:
Mutual Funds	$	9,928,471	$	—	$	—	$	9,928,471
Exchange-Traded Funds		4,073,499		—		—		4,073,499
Cash Equivalents		274,812		—		—		274,812
Total Investment Securities		14,276,782		—		—		14,276,782

* Other Financial Instruments are derivative instruments not reflected on the Portfolio of Investments, such as written option contracts.

The following is a summary of the transfers between Level 1 and Level 2 of the fair value hierarchy for the six months ended June 30, 2013:

	Transfers from Level 1 to Level 2		Transfers from Level 2 to Level 1
Global Select Markets Fund
Common Stocks
Consumer Discretionary	$	—	$	5,855,185
Consumer Staples		—		1,809,278
Energy		—		1,481,155
Financials		—		6,900,725
Health Care		—		3,507,291
Industrials		—		2,167,523
Information Technology		—		2,638,776
Materials		—		2,405,150
Utilities		—		1,156,164
Total		—		27,921,247
International Equity Fund
Common Stocks
Consumer Discretionary		—		27,012,339
Consumer Staples		—		21,314,152
Energy		—		19,378,527
Financials		—		37,116,284
Health Care		—		12,162,417
Industrials		—		46,613,699
Information Technology		—		13,690,215
Materials		—		14,218,089
Telecommunication Services		—		13,802,394
Utilities		—		8,734,531
Total		—		214,042,647
Situs Fund
Common Stocks
Consumer Discretionary		—		1,826,579
Consumer Staples		—		1,556,010
Financials		—		398,851
Health Care		—		3,455,414
Industrials		—		1,008,033
Total		—		8,244,887

Transfers from Level 1 to Level 2 are due to significant movement of a designated U.S. market index, triggering a systematic valuation model provided by an independent third party to fair value the international equity securities at reporting period end. Transfers from Level 2 to Level 1 indicate that the fair value trigger did not occur as of the reporting period end.

Quantitative Information about Level 3 Fair Value Measurements
Type of Assets	Fair Value At June 30, 2013		Valuation Techniques	Unobservable Input(s)	Range (weighted average)
Real Strategies Fund
Real Estate Investments	$	4,924,921	Discounted cash flow	Discount Rate		1.5%-16.5% (9.3%)
				Market Cap Rate		7.0%-12.0% (8.7%)

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107

Notes to Financial Statements (Continued)

The significant unobservable inputs used in the fair value measurement of Real Strategies Fund’s investments in real estate investments were cash flows and discount and market cap rates. An increase in the cash flows and/or market cap rate or decreases in the discount rate used would increase the value of the investment. A decrease in the cash flows and/or market cap rate or increases in the discount rate used would decrease the value of the investment. Although the changes in the unobservable inputs may significantly change the security’s value, significant and reasonable changes to any of these inputs would not significantly impact the net assets of the Real Strategies Fund.

Following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:

	Real Estate Investments
Balance as of December 31, 2012	$	4,668,985
Transfers into Level 3		—
Transfers out of Level 3		—
Purchases		—
Sales		—
Realized Gain		—
Realized Loss		—
Change in unrealized appreciation (depreciation)		255,936
Ending Balance as of June 30, 2013	$	4,924,921

B. Repurchase Agreements

The Funds may enter into repurchase agreements with banks and other recognized financial institutions, such as broker/dealers, which are deemed by Huntington Asset Advisors, Inc., the Funds’ investment adviser, to be creditworthy pursuant to the guidelines and/or standards reviewed or established by the Trustees. It is the policy of the Funds to require the custodian bank to take possession of, to have legally segregated in the Federal Reserve Book Entry System, or to have segregated within the custodian bank’s vault, all securities held as collateral under repurchase agreement transactions. Additionally, procedures have been established by the Funds to monitor, on a daily basis, the market value of each repurchase agreement’s collateral to ensure that the value of collateral at least equals the repurchase price to be paid under the repurchase agreement transaction. If the counterparty defaults and the fair value of the collateral declines, realization of the collateral by the Funds may be delayed or limited.

C. When-Issued and Delayed Transactions

The Funds may engage in when-issued or delayed delivery transactions. The Funds record when-issued securities on the trade date and maintain security positions such that sufficient liquid assets will be available to make payment for the securities purchased. Securities purchased on a when-issued or delayed delivery basis are marked to market daily and begin earning interest on the settlement date. Losses may occur on these transactions due to changes in market conditions or the failure of counterparties to perform under the contract. The Funds did not own any when-issued securities at June 30, 2013.

D. Foreign Currency Translation

The accounting records of the Funds are maintained in U.S. dollars. Foreign currency amounts are translated into U.S. dollars at the current rate of exchange each business day to determine the value of investments, and other assets and liabilities. Purchases and sales of foreign securities, and income and expenses, are translated at the prevailing rate of

exchange on the respective date of these transactions. The Funds do not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuation arising from changes in market prices of securities held. These fluctuations are included with the net realized and unrealized gain or loss from investments and foreign currency transactions.

E. Derivative Instruments

Certain of the Funds may be subject to equity price risk and foreign currency exchange risk in the normal course of pursuing their investment objectives. Certain of the Funds may invest in various financial instruments including positions in foreign currency contracts and written option contracts to gain exposure to or hedge against changes in the value of equities or foreign currencies. The following is a description of the derivative instruments utilized by the Funds, including the primary underlying risk exposure related to each instrument type.

Foreign Exchange Contracts—Certain of the Funds may enter into forward foreign exchange contracts. A forward foreign exchange contract involves an obligation to purchase or sell a specific currency at a future date at a price set at the time of the contract. Such contracts are used to sell unwanted currency exposure that comes with holding securities in a market, or to buy currency exposure where the exposure from holding securities is insufficient to provide the desired currency exposure. The contracts are marked-to-market daily and the change in market value is recorded as unrealized appreciation or depreciation. When a forward foreign currency contract is closed, a Fund records a realized gain or loss equal to the difference between the value at the time it was opened and the value at the time it was closed. The Funds could be exposed to risks if the counterparties to the contracts are unable to meet the terms of their contracts and from unanticipated movements in exchange rates. At June 30, 2013, the Funds did not have any forward foreign exchange contracts outstanding.

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108

Written Options Contracts—Certain of the Funds may write options contracts for which premiums received are recorded as liabilities and are subsequently adjusted to the current value of the options written. Premiums received from writing options which expire are treated as realized gains. Premiums

received from writing options which are either exercised or closed are offset against the proceeds received or the amount paid on the transaction to determine realized gains or losses. Investing in written options contracts exposes a Fund to equity price risk.

The following is a summary of Disciplined Equity Fund's written option activity for the six months ended June 30, 2013:

Contracts	Number of Contracts			Premium
Outstanding at 12/31/2012		7,087		$	1,271,242
Options written		82,871			6,757,252
Options expired		(16,285	)		(1,593,875	)
Options closed		(50,805	)		(4,282,271	)
Options exercised		(5,790	)		(764,214	)
Outstanding at 6/30/2013		17,078		$	1,388,134

At June 30, 2013, Disciplined Equity Fund had the following outstanding options:

WRITTEN OPTION CONTRACTS

Contract	Type		Expiration Date		Exercise Price		Number of Contracts		Fair Value		Unrealized Appreciation (Depreciation)
3M Co.		Call		July 2013	$	115		80	$	1,240	$	7,477
Accenture PLC, Class A		Call		July 2013		82.5		50		5,625		5,573
Altria Group, Inc.		Call		July 2013		36		220		2,860		1,199
Amgen, Inc.		Call		July 2013		92.5		110		73,975		(42,976	)
Apache Corp.		Call		July 2013		87.5		48		2,448		8,590
AT&T, Inc.		Call		July 2013		36		687		10,305		1,348
Baker Hughes, Inc.		Call		July 2013		46		128		18,368		(5,957	)
Bank of America Corp.		Call		July 2013		14		400		1,800		3,785
Bank of New York Mellon Corp./The		Call		July 2013		30		70		770		3,707
Baxter International, Inc.		Call		July 2013		72.5		151		3,397		8,318
Berkshire Hathaway, Inc., Class B		Call		July 2013		115		65		3,380		11,024
Broadcom Corp., Class A		Call		July 2013		35		100		2,600		71
Caterpillar, Inc.		Call		July 2013		82.5		75		10,088		(41	)
CBOE Volatility Index		Call		July 2013		23		1,000		55,000		13,962
Cisco Systems, Inc.		Call		July 2013		25		640		8,320		21,095
Citigroup, Inc.		Call		July 2013		49		80		6,800		(122	)
Coca-Cola Co./The		Call		July 2013		41		99		3,168		590
Colgate-Palmolive Co.		Call		July 2013		57.5		126		9,387		(1,046	)
Comcast Corp., Class A		Call		July 2013		41		245		27,195		(17,132	)
ConocoPhillips		Call		July 2013		60		137		16,577		(2,837	)
Costco Wholesale Corp.		Call		July 2013		115		88		2,596		5,057
Devon Energy Corp.		Call		July 2013		55		45		1,103		876
Dow Chemical Co./The		Call		July 2013		33		100		3,500		496
Du Pont (E.I.) de Nemours & Co.		Call		July 2013		57.5		82		246		6,147
Eaton Corp. PLC		Call		July 2013		65.0		220		38,500		(17,169	)
eBay, Inc.		Call		July 2013		52.5		100		13,050		(1,730	)
EMC Corp.		Call		July 2013		25		217		1,736		12,143

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109

Notes to Financial Statements (Continued)

Contract	Type		Expiration Date		Exercise Price		Number of Contracts		Fair Value		Unrealized Appreciation (Depreciation)
Exelon Corp.		Call		July 2013	$	33		69	$	345	$	2,688
Exxon Mobil Corp.		Call		July 2013		90		451		59,983		(16,103	)
FedEx Corp.		Call		July 2013		100		25		3,475		299
Fifth Third Bancorp		Call		July 2013		19		400		3,000		2,185
Ford Motor Co.		Call		July 2013		16		420		6,300		15,314
Freeport-McMoRan Copper & Gold, Inc.		Call		July 2013		28		187		10,472		(4,121	)
Freeport-McMoRan Copper & Gold, Inc.		Call		July 2013		31		325		1,625		17,141
General Dynamics Corp.		Call		July 2013		80		55		2,750		3,463
General Electric Co.		Call		July 2013		24		900		10,800		22,066
Goldman Sachs Group, Inc./The		Call		July 2013		165		22		1,012		9,107
Google, Inc., Class A		Call		July 2013		900		30		48,600		(4,412	)
Halliburton Co.		Call		July 2013		43		120		6,060		(423	)
Illinois Tool Works, Inc.		Call		July 2013		72.5		50		750		3,148
Intel Corp.		Call		July 2013		26		500		4,000		22,481
International Business Machines Corp.		Call		July 2013		210		122		2,928		58,625
Johnson & Johnson		Call		July 2013		87.5		150		9,375		5,169
JPMorgan Chase & Co.		Call		July 2013		52.5		200		22,100		23,500
Kroger Co./The		Call		July 2013		34		210		20,475		(113	)
Lowe's Companies, Inc.		Call		July 2013		41		169		13,351		(2,373	)
Magellan Midstream Partners LP		Call		July 2013		52.5		72		17,460		(8,319	)
MasterCard, Inc., Class A		Call		July 2013		590		10		3,080		7,109
McDonald's Corp.		Call		July 2013		105		110		1,210		6,926
Medtronic, Inc.		Call		July 2013		52.5		250		9,125		18,127
Merck & Co., Inc.		Call		July 2013		50		320		1,600		18,868
MetLife, Inc.		Call		July 2013		45		100		15,300		496
Microsoft Corp.		Call		July 2013		35		850		44,625		37,792
Mondelez International, Inc., Class A		Call		July 2013		29		193		8,106		765
Monsanto Co.		Call		July 2013		105		20		490		3,189
Morgan Stanley		Call		July 2013		26		300		8,700		28,495
National Oilwell Varco, Inc.		Call		July 2013		72.5		15		555		1,679
Norfolk Southern Corp.		Call		July 2013		77.5		30		600		5,039
Occidental Petroleum Corp.		Call		July 2013		95		125		3,000		17,870
Olin Corp.		Call		July 2013		25		293		2,930		18,741
Oracle Corp.		Call		July 2013		31		39		1,560		(619	)
PepsiCo, Inc.		Call		July 2013		82.5		180		14,400		(2,887	)
Pfizer, Inc.		Call		July 2013		28		854		43,554		5,644
Philip Morris International, Inc.		Call		July 2013		90		180		5,760		4,358
Phillips 66		Call		July 2013		62.5		68		3,400		2,717
Praxair, Inc.		Call		July 2013		120		91		2,275		11,560
Procter & Gamble Co.		Call		July 2013		80		78		2,340		387
QUALCOMM, Inc.		Call		July 2013		65		185		1,480		14,423
Schlumberger Ltd.		Call		July 2013		75		145		6,017		3,547
Sempra Energy		Call		July 2013		82.5		40		4,000		(442	)
SPDR S&P 500 ETF Trust		Put		July 2013		152		1,000		73,500		21,406

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Contract	Type		Expiration Date		Exercise Price		Number of Contracts		Fair Value		Unrealized Appreciation (Depreciation)
Starbucks Corp.		Call		July 2013	$	65		63	$	9,576	$	(2,646	)
State Street Corp.		Call		July 2013		67.5		112		8,960		9,516
Syngenta AG ADR		Call		July 2013		80		42		2,310		4,492
Target Corp.		Call		July 2013		72.5		222		2,664		21,094
Texas Instruments, Inc.		Call		July 2013		37		100		700		5,496
United Parcel Service, Inc., Class B		Call		July 2013		87.5		100		6,950		1,054
United Technologies Corp.		Call		July 2013		97.5		100		1,250		10,446
U.S. Bancorp		Call		July 2013		36		205		13,017		(4,620	)
Valero Energy Corp.		Call		July 2013		42		178		445		18,950
Walt Disney Co./The		Call		July 2013		65		100		5,100		297
Wells Fargo & Co.		Call		July 2013		41		540		54,540		(4,919	)
NET UNREALIZED APPRECIATION ON WRITTEN OPTION CONTRACTS											$	456,120

The following is a summary of Dividend Capture Fund's written option activity for the six months ended June 30, 2013:

Contracts	Number of Contracts			Premium
Outstanding at 12/31/2012		400		$	40,579
Options written		3,420			362,490
Options expired		—			—
Options closed		(1,240	)		(179,908	)
Options exercised		(400	)		(40,579	)
Outstanding at 6/30/2013		2,180		$	182,582

At June 30, 2013, Dividend Capture Fund had the following outstanding options:

WRITTEN OPTION CONTRACTS

Contract	Type		Expiration Date		Exercise Price		Number of Contracts		Fair Value		Unrealized Appreciation (Depreciation)
Crosstex Energy LP		Call		August 2013	$	17.5		1,000	$	309,000	$	(212,006	)
Freeport-McMoRan Copper & Gold, Inc.		Call		July 2013		31		980		4,900		51,688
JPMorgan Chase & Co.		Call		September 2013		57.5		200		9,600		19,400
NET UNREALIZED DEPRECIATION ON WRITTEN OPTION CONTRACTS											$	(140,918	)

The following is a summary of Global Select Markets Fund written option activity for the six months ended June 30, 2013:

Contracts	Number of Contracts			Premium
Outstanding at 12/31/2012		—		$	—
Options written		225			58,307
Options expired		(140	)		(24,259	)
Options closed		—			—
Options exercised		(85	)		(34,048	)
Outstanding at 6/30/2013		—		$	—

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Notes to Financial Statements (Continued)

The following is a summary of Income Equity Fund's written option activity for the six months ended June 30, 2013:

Contracts	Number of Contracts			Premium
Outstanding at 12/31/2012		—		$	—
Options written		13,245			747,272
Options expired		(3,675	)		(113,097	)
Options closed		—			—
Options exercised		(3,380	)		(150,377	)
Outstanding at 6/30/2013		6,190		$	483,798

At June 30, 2013, Income Equity Fund had the following outstanding options:

WRITTEN OPTION CONTRACTS

Contract	Type		Expiration Date		Exercise Price		Number of Contracts		Fair Value		Unrealized Appreciation (Depreciation)
AbbVie, Inc.		Call		August 2013	$	47.5		400	$	5,000	$	25,292
Apple, Inc.		Call		August 2013		475		45		4,905		42,490
Blackstone Group LP		Call		September 2013		24		900		27,450		51,725
Comcast Corp., Class A		Call		July 2013		44		375		3,750		2,611
Eaton Corp. PLC		Call		July 2013		70		295		4,425		31,553
Eli Lilly & Co.		Call		July 2013		57.5		305		1,220		9,443
Ford Motor Co.		Call		August 2013		17		1,200		14,400		14,956
Hewlett-Packard Co.		Call		August 2013		27		900		35,100		22,647
Lyondellbasell Industries N.V.		Call		September 2013		70		325		76,375		3,886
Marathon Oil Corp.		Call		July 2013		38		620		4,340		20,581
Valero Energy Corp.		Call		September 2013		44		435		8,917		60,665
Walgreen Co.		Call		July 2013		55		390		3,510		8,557
NET UNREALIZED APPRECIATION ON WRITTEN OPTION CONTRACTS											$	294,406

The following is a summary of Real Strategies Fund's written option activity for the six months ended June 30, 2013:

Contracts	Number of Contracts			Premium
Outstanding at 12/31/2012		—		$	—
Options written		650			42,479
Options expired		—			—
Options closed		(325	)		(23,712	)
Options exercised		—			—
Outstanding at 6/30/2013		325		$	18,767

At June 30, 2013, Real Strategies Fund had the following outstanding options:

WRITTEN OPTION CONTRACTS

Contract	Type		Expiration Date		Exercise Price		Number of Contracts		Fair Value		Unrealized Appreciation (Depreciation)
Freeport-McMoRan Copper & Gold, Inc.		Call		July 2013	$	31		325	$	1,625	$	17,142
NET UNREALIZED APPRECIATION ON WRITTEN OPTION CONTRACTS											$	17,142

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The following is a summary of Situs Fund's written option activity for the six months ended June 30, 2013:

Contracts	Number of Contracts			Premium
Outstanding at 12/31/2012		500		$	187,571
Options written		6,341			1,851,929
Options expired		(2,500	)		(702,753	)
Options closed		(721	)		(184,278	)
Options exercised		—			—
Outstanding at 6/30/2013		3,620		$	1,152,469

At June 30, 2013, Situs Fund had the following outstanding options:

WRITTEN OPTION CONTRACTS

Contract	Type		Expiration Date		Exercise Price		Number of Contracts		Fair Value		Unrealized Appreciation (Depreciation)
Cabela's, Inc., Class A		Call		September 2013	$	70		200	$	51,000	$	48,454
Cabela's, Inc., Class A		Call		September 2013		75		200		25,000		36,877
Cabela's, Inc., Class A		Call		September 2013		80		200		11,500		22,302
Cabela's, Inc., Class A		Call		December 2013		80		200		39,000		25,391
Cerner Corp.		Call		September 2013		100		200		66,000		28,255
Geospace Technologies Corp.		Call		July 2013		80		100		3,750		39,645
Geospace Technologies Corp.		Call		September 2013		90		160		16,400		119,111
Geospace Technologies Corp.		Call		September 2013		95		160		9,600		96,312
Geospace Technologies Corp.		Call		September 2013		100		160		5,200		71,512
Geospace Technologies Corp.		Call		September 2013		105		160		8,400		46,313
Raymond James Financial, Inc.		Call		July 2013		40		500		157,500		(28,163	)
Sturm Ruger & Co., Inc.		Call		July 2013		50.5		380		16,150		40,001
Trinity Industries, Inc.		Call		October 2013		41		1,000		160,000		36,959
NET UNREALIZED APPRECIATION ON WRITTEN OPTION CONTRACTS											$	582,969

The following tables provide a summary of the fair value of derivative instruments, not accounted for as hedging instruments as of June 30, 2013, and the effect of derivative instruments on the Statement of Operations for the six months ended June 30, 2013.

The Fair Value of Derivative Instruments as of June 30, 2013:

	Asset Derivatives	Liability Derivatives
Primary Risk Exposure	Statements of Assets and Liabilities Location	Statements of Assets and Liabilities Location	Fund	Fair Value
Option Contracts		Options Written, at value	Disciplined Equity Fund	$	1,282,014
			Dividend Capture Fund		323,500
			Income Equity Fund		189,392
			Real Strategies Fund		1,625
			Situs Fund		569,500
	Investments, at value		Disciplined Equity Fund		315,000

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Notes to Financial Statements (Continued)

The effect of Derivative Instruments on the Statements of Operations for the six months ended June 30, 2013:

Primary Risk Exposure	Location of Gain (Loss) on Derivatives Recognized from Operations	Fund	Realized Gain (Loss) on Derivatives Recognized from Operations		Change in Unrealized Appreciation/Depreciation on Derivatives Recognized from Operations
Option Contracts	Net Realized gain (loss) on option transactions/net change in unrealized appreciation/depreciation of investments and options	Disciplined Equity Fund Dividend Capture Fund Global Select Markets Fund Income Equity Fund Real Strategies Fund Situs Fund		$(5,143,664) 126,958  24,259  113,097  (3,307) 558,590		$812,889  (150,897) —  294,406  26,442  499,148

Balance Sheet Offsetting Information

The following tables provide a summary of offsetting financial liabilities and derivatives and the effect of derivative instruments on the Statements of Assets and Liabilities as of June 30, 2013.

SECURITIES LOANED
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in Statements of Assets and Liabilities		Net Amounts of Liabilities Presented in Statements of Assets and Liabilities		Gross Amounts Not Offset in Statements of Assets and Liabilities					Net Amount (not less than 0)
Fund							Financial Instruments			Cash Collateral Pledged
Dividend Capture Fund	$	23,475,352	$	—	$	23,475,352	$	(23,475,352	)	$	—	$	—
Global Select Markets Fund		306,390		—		306,390		(306,390	)		—		—
Income Equity Fund		18,129,042		—		18,129,042		(18,129,042	)		—		—
International Equity Fund		4,819,186		—		4,819,186		(4,819,186	)		—		—
Mid Corp America Fund		7,555,534		—		7,555,534		(7,555,534	)		—		—
Real Strategies Fund		22,112,481		—		22,112,481		(22,112,481	)		—		—
Rotating Markets Fund		1,048,283		—		1,048,283		(1,048,283	)		—		—
Situs Fund		38,418,039		—		38,418,039		(38,418,039	)		—		—
Mortgage Securities Fund		173,768		—		173,768		(173,768	)		—		—
WRITTEN OPTIONS
	Gross Amounts of Recognized Liabilities(1)		Gross Amounts Offset in Statements of Assets and Liabilities		Net Amounts of Liabilities Presented in Statements of Assets and Liabilities		Gross Amounts Not Offset in Statements of Assets and Liabilities					Net Amount (not less than 0)
Fund							Financial Instruments			Cash Collateral Pledged
Disciplined Equity Fund	$	1,282,014	$	—	$	1,282,014	$	(84,164,343	)	$	—	$	—
Dividend Capture Fund		323,500		—		323,500		(10,174,965	)		—		—
Income Equity Fund		189,392		—		189,392		(24,715,049	)		—		—
Real Strategies Fund		1,625		—		1,625		(897,325	)		—		—
Situs Fund		569,500		—		569,500		(52,869,456	)		—		—

(1) Gross Amounts of Recognized Liabilities as presented on the Statements of Assets and Liabilities are the actual closing values of liabilities outstanding as of June 30, 2013. Notional Values for Written Options as of June 30, 2013 are presented in the subsequent table.

The notional value of the written options contracts outstanding at June 30, 2013 and the month-end average notional amount for the six months ended June 30, 2013 are detailed in the table below:

Portfolio	Average Month-End Notional Amount		June 30, 2013 Notional Amount
Disciplined Equity Fund	$	103,634,864	$	91,215,250
Dividend Capture Fund		2,498,286		5,938,000
Global Select Markets Fund		120,000		—
Income Equity Fund		15,189,143		24,826,250
Real Strategies Fund		143,929		1,007,500
Situs Fund		10,399,857		22,159,000

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Derivative positions open during the period and at period end are reflected for each Fund in the tables above. The volume of these positions relative to each Fund’s net assets at the close of the reporting period is generally higher than the volume of such positions at the beginning of the reporting period. The Funds value derivative instruments at fair value and recognize changes in fair value currently in the results from operations.

F. Securities Lending

To generate additional income, the Funds may lend a certain percentage of their total assets, to the extent permitted by the 1940 Act or the rules or regulations thereunder, on a short-term basis to certain brokers, dealers or other financial institutions pursuant to a securities lending agreement with Morgan Stanley & Co. LLC. In determining whether to lend to a particular broker, dealer or financial institution, Huntington Asset Advisors, Inc. (the “Adviser”) will consider all relevant facts and circumstances, including the size, creditworthiness and reputation of the borrower. Any loans made will be continuously secured by collateral in cash at least equal to 100% of the value of the securities on loan for the Funds, based on the prior day’s closing price. When the collateral falls below specified amounts the lending agent will use its best effort to obtain additional collateral on the next business day to meet required amounts under the security lending

agreement. The Funds receive payments from the borrowers equivalent to the dividends and interest that would have been earned on securities on loan. In addition, the Funds’ lending securities receive an annual minimum securities lending fee and retain a portion of the interest, dividends and other distributions received on investment of cash collateral. Collateral is marked-to-market daily. One of the risks in lending portfolio securities, as with other extensions of credit, is the possible delay in recovery of the securities or possible loss of rights in the collateral should the borrower fail financially. Although the loan is fully collateralized, if a borrower defaults, a Fund could lose money. There is also the risk that, when lending portfolio securities, the securities may not be available to a Fund on a timely basis and a Fund may, therefore, lose the opportunity to sell the securities at a desirable price. In addition, in the event that a borrower of securities would file for bankruptcy or become insolvent, disposition of the securities may be delayed pending court action. Loans are subject to termination by the Funds or the borrower at any time and, therefore, are not considered to be illiquid investments. Huntington National Bank (“Huntington”) serves as the custodian for related collateral and receives an annual securities lending fee for collateral monitoring and recordkeeping services.

As of June 30, 2013, the following Funds had securities with the following market values on loan and related activity:

Fund	Value of Loaned Securities		Value of Collateral		Average Loan Outstanding During the Period		Securities Lending Income Received by the Funds		Fees Paid by the Funds to Huntington from Securities Lending
Dividend Capture Fund	$	22,914,588	$	23,475,352	$	19,695,244	$	33,547	$	5,951
Global Select Markets Fund		320,943		306,390		1,156,328		23,384		4,215
Income Equity Fund		17,802,079		18,129,042		17,113,904		13,899		2,380
International Equity Fund		4,669,262		4,819,186		11,153,431		152,072		27,027
Mid Corp America Fund		7,409,102		7,555,534		7,089,677		114,357		20,580
Real Strategies Fund		21,850,924		22,112,481		20,056,337		557,946		98,683
Rotating Markets Fund		1,025,997		1,048,283		1,424,375		6,435		992
Situs Fund		37,400,540		38,418,039		35,451,235		184,140		32,480
Mortgage Securities Fund		169,079		173,768		454,502		2,030		371

All cash collateral received is held and administered by the Funds’ custodian for the benefit of the Funds in the applicable custody account or other account established for the purpose of holding collateral. Pursuant to the Funds’ securities lending agreement, and according to normal operating procedures, the custodian segregated an additional $20,972 in collateral the following business day for securities on loan in the Global Select Markets Fund as of June 30, 2013.

G. Restricted Securities

Restricted securities are securities that may only be resold upon registration under federal securities laws or in transactions exempt from such registration. In some cases, the issuer of restricted securities has agreed to register such securities for resale, at the issuer’s expense, either upon demand by the Funds or in connection with another registered offering of the securities. Many restricted securities may be resold in the secondary market in transactions exempt from registration. Such restricted securities may be determined to be liquid. The Funds will not incur any registration costs upon such resale. The Funds’ restricted securities are valued at the price provided by dealers in the secondary market or, if no market prices are available, at the fair value price as determined by the Trust’s Pricing Committee. At June 30, 2013, the Money Market Fund, Real Strategies Fund, Fixed Income Securities Fund and Short/Intermediate Fixed Income Securities Fund held illiquid restricted securities representing 3.06%, 5.46%, 7.10% and 1.82% respectively, of net assets as listed below:

Issuer Description	Acquisition Date		Principal Amount ($)		Cost ($)		Value ($)
Money Market Fund
Westpac Banking Corp., 0.310%, 11/1/13		11/7/12		10,000,000		10,000,000		10,000,000

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Notes to Financial Statements (Continued)

Issuer Description	Acquisition Date		Principal Amount ($)		Cost ($)		Value ($)
Real Strategies Fund:
Discount Retail Portfolio II DST		11/30/11		N/A		950,000		918,247
Grocery & Pharmacy DST		8/26/11		N/A		950,000		999,052
New York Power DST		7/21/11		N/A		950,000		862,254
Scotts Gahanna LLC		12/13/11		N/A		1,344,000		1,286,331
Winston-Salem DST		2/22/12		N/A		950,000		859,037
Fixed Income Securities Fund:
Bank of Nova Scotia, 1.950%, 1/30/17		2/3/12		5,000,000		5,073,580		5,109,000
Barrick International Bank Corp., 5.750%, 10/15/16		2/20/09		2,000,000		1,960,644		2,136,758
Canadian Imperial Bank of Commerce, 2.600%, 7/2/15		10/25/11		5,000,000		5,105,338		5,187,500
Royal Bank of Canada, 3.125%, 4/14/15		5/3/11		5,000,000		5,087,432		5,211,000
Toronto-Dominion Bank, 2.200%, 7/29/15		6/29/11		3,000,000		3,031,464		3,092,100
Short/Intermediate Fixed Income Securities Fund
TCM Sub LLC, 3.550%, 1/15/15		12/15/09		2,000,000		2,043,401		2,071,744
Schlumberger Norge AS, 1.950%, 9/14/16		9/14/11		2,000,000		2,009,773		2,037,772
HSBC Bank PLC, 3.500%, 6/28/15		6/28/10		2,000,000		2,045,828		2,097,186
Metropolitan Life Global Funding I, 1.500%, 1/10/18		1/10/13		2,000,000		2,000,878		1,939,018
Eaton Corp., 1.500%, 11/2/17		11/20/12		2,000,000		1,990,138		1,941,432
Xstrata PLC, 2.450%, 10/25/17		10/25/12		1,000,000		995,883		969,781

H. Security Transactions and Related Income

During the period, investment transactions are accounted for no later than the first calculation of the NAV on the business day following the trade date. For financial reporting purposes, however, security transactions are accounted for on the trade date on the last business day of the reporting period. Discounts and premiums on securities purchased are amortized over the lives of the respective securities. Securities gains and losses are calculated on the identified cost basis. Interest income and expenses are accrued daily. Dividends, less foreign tax withholding (if any), are recorded on the ex-dividend date.

I. Dividends and Distributions to Shareholders

Dividends from net investment income are declared daily and paid monthly for Tax-Free Money Market Fund, Money Market Fund, Ohio Municipal Money Market Fund, U.S. Treasury Money Market Fund, Fixed Income Securities Fund, Intermediate Government Income Fund, Ohio Tax-Free Fund and Short/Intermediate Fixed Income Securities Fund. Dividends from net investment income are declared and paid annually for Disciplined Equity Fund, Global Select Markets Fund, International Equity Fund, Mid Corp America Fund, Real Strategies Fund, Rotating Markets Fund, Situs Fund and Growth Allocation Fund. Dividends from net investment income are declared and paid quarterly for Balanced Allocation Fund. Dividends from net investment income are declared and paid monthly for Dividend Capture Fund, Income Equity Fund, Mortgage Securities Fund and Conservative Allocation Fund.

The amount of dividends from net investment income and net realized gains are determined in accordance with the federal income tax regulations, which may differ from GAAP. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature (e.g. tax treatment of foreign currency gain/loss, non-deductible stock issuance costs, paydowns, distributions and income received from pass through investments and net investment loss adjustments), such amounts are reclassified within the capital accounts based on

their nature for federal income tax purposes; temporary differences do not require reclassification. Temporary differences are primarily due to market discounts, capital loss carryforwards and losses deferred due to wash sales, straddles and return of capital from investments.

Dividends are declared separately for each class. No class has preferential rights; differences in per share dividend rates are generally due to differences in separate class expenses. Net realized capital gains, if any, are distributed at least annually.

Certain of the Funds may own shares of real estate investments trusts (“REITs”) which report information on the source of their distributions annually. Distributions received from investments in REITs in excess of income from underlying investments are recorded as realized gain and/or as a reduction to the cost of the individual REIT.

Certain of the Funds may invest in Master Limited Partnerships (“MLPs”), which generally are treated as partnerships for Federal income tax purposes. As a limited partner in the MLPs, the Fund includes its allocable share of the MLPs’ taxable income in computing its own taxable income.

J. Allocation of Expenses, Income, and Gains and Losses

Expenses directly attributable to a Fund are charged to that Fund. Expenses specific to a class are charged to that class.

Except for the daily dividend Funds, expenses not directly attributable to a Fund are allocated proportionally among various Funds or all Funds within the Trust in relation to the net assets of each Fund or on another reasonable basis. For the daily dividend Funds, expenses not directly attributable to a Fund are allocated pursuant to the “settled shares method.” Income and realized and unrealized gains or losses on investments are allocated to each class of shares based on its relative net assets.

K. Federal Income Taxes

It is the policy of each Fund to qualify or continue to qualify as a regulated investment company by complying with the

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provisions available to certain investment companies, as defined in applicable sections of the Internal Revenue Code, and to make distributions of net investment income and net realized capital gains sufficient to relieve it from all, or substantially all, federal income taxes.

Withholding taxes on foreign interest, dividends and capital gains with respect to the Funds have been provided for in accordance with each applicable country’s tax rules and rates.

As of June 30, 2013, the tax cost of securities and the breakdown of unrealized appreciation (depreciation) for each Fund was as follows:

Fund	Tax Cost of Securities		Unrealized Appreciation		Unrealized Depreciation			Net Unrealized Appreciation/ (Depreciation)*
Tax-Free Money Market Fund	$	68,435,422	$	—	$	—		$	—
Money Market Fund		326,392,002		—		—			—
Ohio Municipal Money Market Fund		133,399,093		—		—			—
U.S. Treasury Money Market Fund		1,408,350,819		—		—			—
Disciplined Equity Fund		87,531,940		14,345,876		(1,168,820	)		13,177,056
Dividend Capture Fund		238,698,741		14,501,495		(3,152,471	)		11,349,024
Global Select Markets Fund		29,094,303		1,636,251		(2,429,704	)		(793,453	)
Income Equity Fund		147,780,201		16,646,985		(2,543,288	)		14,103,697
International Equity Fund		252,472,420		50,031,135		(6,774,245	)		43,256,890
Mid Corp America Fund		92,252,764		61,563,292		(639,776	)		60,923,516
Real Strategies Fund		116,859,023		8,520,221		(13,735,769	)		(5,215,548	)
Rotating Markets Fund		24,058,525		1,931,050		(646,316	)		1,284,734
Situs Fund		219,044,843		95,974,458		(2,694,500	)		93,279,958
Fixed Income Securities Fund		279,676,106		12,879,578		(4,306,556	)		8,573,022
Intermediate Government Income Fund		107,284,310		4,851,122		(881,211	)		3,969,911
Mortgage Securities Fund		75,501,542		3,126,237		(939,244	)		2,186,993
Ohio Tax-Free Fund		51,615,471		913,828		(1,554,928	)		(641,100	)
Short/Intermediate Fixed Income Securities Fund		154,363,124		1,932,578		(1,202,429	)		730,149
Balanced Allocation Fund		18,506,987		1,885,695		(35,748	)		1,849,947
Conservative Allocation Fund		4,810,258		214,790		(2,152	)		212,638
Growth Allocation Fund		12,556,633		1,749,336		(29,187	)		1,720,149

* The differences between the book-basis unrealized appreciation/(depreciation) are attributable primarily to: tax deferral of losses on wash sales, the tax treatment of Trust Preferred securities, hybrid securities and Grantor trusts, differences related to partnership investments, the realization for tax purposes of unrealized gains/losses on investments in passive foreign investment companies and the return of capital adjustments from real estate investment trusts.

The tax character of distributions paid during the fiscal year ended December 31, 2012, was as follows:

	Distributions Paid From*
Fund	Ordinary Income		Net Long Term Capital Gains		Total Taxable Distributions		Tax Exempt Distributions		Tax Return of Capital		Total Distributions Paid
Tax-Free Money Market Fund	$	—	$	—	$	—	$	7,882	$	—	$	7,882
Money Market Fund		40,359		—		40,359		—		—		40,359
Ohio Municipal Money Market Fund		—		—		—		14,267		—		14,267
U.S. Treasury Money Market Fund		28,863		—		28,863		—		—		28,863
Disciplined Equity Fund		950,448		—		950,448		—		—		950,448
Dividend Capture Fund		7,091,056		—		7,091,056		—		—		7,091,056
Global Select Markets Fund		159,999		—		159,999		—		—		159,999
Growth Fund		881,262		6,218,088		7,099,350		—		—		7,099,350
Income Equity Fund		4,533,102		—		4,533,102		—		—		4,533,102
International Equity Fund		4,779,378		—		4,779,378		—		97,049		4,876,427
Mid Corp America Fund		216,660		18,816,596		19,033,256		—		—		19,033,256
Real Strategies Fund		1,310,003		—		1,310,003		—		—		1,310,003
Rotating Markets Fund		797,997		5,160,037		5,958,034		—		—		5,958,034
Situs Fund		1,931,376		5,252,780		7,184,156		—		—		7,184,156
Fixed Income Securities Fund		8,130,390		2,353,712		10,484,102		—		—		10,484,102
Intermediate Government Income Fund		2,771,516		125,367		2,896,883		—		—		2,896,883
Mortgage Securities Fund		2,641,414		523,315		3,164,729		—		—		3,164,729
Ohio Tax-Free Fund		202,643		891,712		1,094,355		1,013,080		—		2,107,435
Short/Intermediate Fixed Income Securities Fund		2,683,509		—		2,683,509		—		—		2,683,509

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Notes to Financial Statements (Continued)

	Distributions Paid From*
Fund	Ordinary Income		Net Long Term Capital Gains		Total Taxable Distributions		Tax Exempt Distributions		Tax Return of Capital		Total Distributions Paid
Balanced Allocation Fund	$	539,385	$	1,290,511	$	1,829,896	$	—	$	—	$	1,829,896
Conservative Allocation Fund		185,980		757,933		943,913		—		—		943,913
Growth Allocation Fund		353,776		1,459,352		1,813,128		—		—		1,813,128

* The tax character of distributions paid may differ from the character of distributions shown on the statements of changes in net assets due to short-term capital gains being treated as ordinary income for tax purposes.

As of December 31, 2012, the components of accumulated earnings (deficit) were as follows:

Fund	Undistributed Ordinary Income		Undistributed Tax Exempt Income		Undistributed Long-Term Capital Gains		Accumulated Earnings		Accumulated Capital and Other Losses			Other Temporary Differences			Unrealized Appreciation (Depreciation)			Total Accumulated Earnings (Deficit)
Tax-Free Money Market Fund	$	—	$	849	$	—	$	849	$	(131,697	)	$	—		$	—		$	(130,848	)
Money Market Fund		70		—		—		70		(177,140	)		—			—			(177,070	)
Ohio Municipal Money Market Fund		—		129		—		129		(294,657	)		—			—			(294,528	)
U.S. Treasury Money Market Fund		—		—		—		—		(882	)		(105	)		—			(987	)
Disciplined Equity Fund		442		—		—		442		(10,839,419	)		—			13,764,866			2,925,889
Dividend Capture Fund		—		—		—		—		(14,692,340	)		—			6,646,386			(8,045,954	)
Global Select Markets Fund		399,207		—		—		399,207		(1,777,795	)		—			1,304,690			(73,898	)
Growth Fund		—		—		834,874		834,874		—			—			18,124,522			18,959,396
Income Equity Fund		62,607		—		—		62,607		(10,183,952	)		—			11,374,795			1,253,450
International Equity Fund		—		—		—		—		(13,851,153	)		—			45,658,146			31,806,993
Mid Corp America Fund		215,398		—		3,417,740		3,633,138		(2,200,408	)		—			44,125,497			45,558,227
Real Strategies Fund		—		—		—		—		(18,722,940	)		—			191,985			(18,530,955	)
Rotating Markets Fund		—		—		—		—		(66,526	)		—			(118,144	)		(184,670	)
Situs Fund		119,551		—		—		119,551		—			—			84,558,425			84,677,976
Fixed Income Securities Fund		—		—		953,917		953,917		—			(52,126	)		20,590,576			21,492,367
Intermediate Government Income Fund		190,993		—		105,093		296,086		—			—			8,034,867			8,330,953
Mortgage Securities Fund		10,258		—		203,073		213,331		—			—			6,371,302			6,584,633
Ohio Tax-Free Fund		39,880		—		309,073		348,953		—			—			2,210,129			2,559,082
Short/Intermediate Fixed Income Securities Fund		—		—		51,757		51,757		—			—			4,268,047			4,319,804
Balanced Allocation Fund		1,699		—		459,073		460,772		(1,013	)		—			1,415,263			1,875,022
Conservative Allocation Fund		1,460		—		60,905		62,365		—			—			303,206			365,571
Growth Allocation Fund		3,079		—		427,637		430,716		—			—			1,435,611			1,866,327

Certain capital and qualified late year losses incurred after October 31 and within the current taxable year, are deemed to arise on the first business day of the Funds’ following taxable year. For the tax year ended December 31, 2012 the Funds deferred post October capital and late year ordinary losses as follows:

Fund	Capital Losses		Late Year Ordinary Losses
Global Select Markets Fund	$	963,110	$	—
Income Equity Fund		3,170,369		—
International Equity Fund		—		55,271
Real Strategies Fund		564,260		47,585
Rotating Markets Fund		66,435		91
Balanced Allocation Fund		1,013		—

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As of December 31, 2012, for federal income tax purposes, the following Funds had capital loss carryforwards available to offset future gains, if any, to the extent provided by the Treasury regulations:

	Expiration Year
	2013		2014		2015		2016			2017		2018
Tax-Free Money Market Fund	$	5,818	$	4,861	$	1,434	$	60,543		$	55,252	$	—
Money Market Fund		7,224		921		106		—			—		—
Ohio Municipal Money Market Fund		25,291		7,739		12,350		—			193,762		14,231
Dividend Capture Fund		—		—		—		—			14,692,340		—
Income Equity Fund		—		—		—		—			6,937,588		—
International Equity Fund		—		—		—		—			2,956,288		3,821,239
Mid Corp America Fund		—		—		—		2,200,408	*		—		—
Real Strategies Fund		—		—		—		145,084			15,813,875		2,136,294

* Future utilization of these losses is limited due to merger related capital loss carryover limitations.

During the year ended December 31, 2012, the Dividend Capture Fund, Income Equity Fund, Mid Corp America Fund, Real Strategies Fund, Rotating Markets Fund, Mortgage Securities Fund and Short/Intermediate Fixed Income Securities Fund utilized $8,053,467, $5,669,414, $342,118, $2,593,339, $3,654,675, $1,170,801 and $1,214,105, respectively, in capital loss carryforwards.

At December 31, 2012, the Tax-Free Money Market Fund, Money Market Fund and Ohio Municipal Money Market Fund had capital loss carryforwards expire in the amounts of $1,529, $3,032 and $463, respectively.

During the year ended December 31, 2012, capital loss carryfoward from the New Economy Fund (merged into the Mid Corp America Fund) expired in the amount of $17,781,917.

On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which changed various technical rules governing the tax treatment of regulated investment companies. The changes are generally effective for taxable years beginning after the date of enactment. One of the more prominent changes addresses capital loss carryforwards. Under the Act, each Fund will be permitted to carry forward capital losses incurred in taxable years beginning after the date of enactment for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years, which carry an expiration date. As a result of this ordering rule, preenactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital loss

carryforwards will retain their character as either short-term or long-term capital losses rather than being considered all short-term as permitted under previous regulation.

Losses incurred that will be carried forward under the provisions of the Act are as follows:

	Loss Carryforward Character
Fund	Short Term		Long Term
Tax-Free Money Market Fund	$	3,789	$	—
Money Market Fund		168,889		—
Ohio Municipal Money Market Fund		41,284		—
U.S. Treasury Money Market Fund		882		—
Disciplined Equity Fund		4,212,722		6,626,697
Global Select Markets Fund		806,135		8,550
International Equity Fund		4,290,312		2,728,043

Management of the Funds has reviewed tax positions taken in tax years that remain subject to examination by all major tax jurisdictions, including federal (i.e., the last four tax year ends and the interim tax period since then). Management believes there is no tax liability resulting from unrecognized tax benefits related to uncertain tax positions taken.

L. Subsequent Events

Management has evaluated events or transactions that may have occurred since June 30, 2013, that would merit recognition or disclosure in the financial statements. There were no items requiring adjustment of the financial statements or additional disclosure.

(3) Investment Advisory Fee and Other Transactions with Affiliates

Investment Advisory Fee—Huntington Asset Advisors, Inc. (the “Adviser”), a subsidiary of The Huntington National Bank (“Huntington”), serves as the Funds’ investment adviser. The Adviser receives a fee for its services, computed daily and paid monthly, based on a percentage of each Fund’s average daily net assets on a tiered basis, according to the table below:

	Tiered Annual Rate:
Fund	Up to $500 million			On the next $500 million			In Excess of $1 billion
Tax-Free Money Market Fund		0.30	%		0.25	%		0.20	%
Money Market Fund		0.30	%		0.25	%		0.20	%
Ohio Municipal Money Market Fund		0.30	%		0.25	%		0.20	%
Disciplined Equity Fund		0.60	%		0.55	%		0.50	%
Dividend Capture Fund		0.75	%		0.70	%		0.65	%
Global Select Markets Fund		1.00	%		0.95	%		0.90	%

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Notes to Financial Statements (Continued)

	Tiered Annual Rate:
Fund	Up to $500 million			On the next $500 million			In Excess of $1 billion
Income Equity Fund		0.60	%		0.55	%		0.50	%
International Equity Fund		1.00	%		0.95	%		0.90	%
Mid Corp America Fund		0.75	%		0.70	%		0.65	%
Real Strategies Fund		0.75	%		0.70	%		0.65	%
Rotating Markets Fund		0.50	%		0.45	%		0.40	%
Situs Fund		0.75	%		0.70	%		0.65	%
Fixed Income Securities Fund		0.50	%		0.45	%		0.40	%
Intermediate Government Income Fund		0.50	%		0.45	%		0.40	%
Mortgage Securities Fund		0.50	%		0.45	%		0.40	%
Ohio Tax-Free Fund		0.50	%		0.45	%		0.40	%
Short/Intermediate Fixed Income Securities Fund		0.50	%		0.45	%		0.40	%

The U.S. Treasury Money Market Fund pays the Adviser a fee of 0.20% of its average daily net assets, computed daily and paid monthly. Each of Balanced Allocation Fund, Conservative Allocation Fund and Growth Allocation Fund pays the Adviser a fee of 0.10% of its average daily net assets, computed daily and paid monthly.

Huntington and the Adviser may also pay out of their reasonable profits and other resources (including those of their affiliates) advertising, marketing, and other expenses for the benefit of the Funds.

The Tax-Free Money Market Fund, Money Market Fund, Ohio Municipal Money Market Fund and U.S. Treasury Money Market Fund are subject to a fee waiver and expense reimbursement agreement with the Adviser whereby the Adviser has agreed to waive fees or reimburse expenses in amounts necessary to maintain a minimum yield of 0.01% (0.05% for the Trust Shares and 0.00% for the Class A Shares of the U.S. Treasury Money Market Fund) and in which the Money Market Funds have agreed to repay amounts that were waived or reimbursed by the Adviser for a period up to three years after such waiver or reimbursement was made to the extent that such repayments would not cause the yield of a class to decrease below their applicable minimum yield. Prior to November 15, 2012, the Adviser had agreed to waive fees or reimburse expenses for the U.S. Treasury Money Market Fund in amounts necessary to maintain a minimum yield of 0.00% in both share classes.

The Adviser has agreed to contractually waive all or a portion of its investment advisory fee for Disciplined Equity Fund (based on average daily net assets) to which it is otherwise entitled to receive and/or to reimburse certain operating expenses in order to limit the total direct net annual operating expenses and acquired (underlying) fund operating expenses to not more than 1.20% and 1.45% of Trust Shares and Class A Shares, respectively, through April 30, 2014.

The Adviser has agreed to contractually waive all or a portion of its investment advisory fee for Dividend Capture Fund (based on average daily net assets) to which it is otherwise entitled to receive and/or to reimburse certain operating expenses in order to limit the total direct net annual operating expenses and acquired (underlying) fund operating expenses to not more than 0.90% and 1.15% of Trust Shares and Class A Shares, respectively, through April 30, 2015.

The Adviser has agreed to contractually waive all or a portion of its investment advisory fee for Global Select Markets Fund (based on average daily net assets) to which it is otherwise entitled to receive and/or to reimburse certain operating expenses in order to limit the total direct net annual operating expenses and acquired (underlying) fund operating expense to not more than 1.90% and 2.15% of Trust Shares and Class A Shares, respectively, through April 30, 2014.

The Adviser has agreed to contractually waive all or a portion of its investment advisory fee for Balanced Allocation Fund, Conservative Allocation Fund and Growth Allocation Fund (based on average daily net assets) to which it is otherwise entitled to receive and/or to reimburse certain operating expenses of Balanced Allocation Fund, Conservative Allocation Fund and Growth Allocation Fund in order to limit the total direct net annual operating expenses and acquired (underlying) fund operating expenses to not more than 1.90% of the average daily net assets of each of Balanced Allocation Fund, Conservative Allocation Fund and Growth Allocation Fund through April 30, 2014.

Amounts waived or reimbursed in the contractual period may be recouped by the Adviser within three years of the waiver and/or reimbursement. As of June 30, 2013, the following amounts have been waived or reimbursed by the Adviser and are subject to repayment by the respective Fund:

Fund	Amount Waived or Reimbursed		Expiring Beginning December 31,
Tax-Free Money Market Fund	$	474,740		2013
		538,831		2014
		605,012		2015
		281,967		2016
Money Market Fund		2,696,185		2013
		2,629,761		2014
		2,608,992		2015
		1,264,723		2016
Ohio Municipal Money Market Fund		1,357,243		2013
		1,218,010		2014
		1,176,269		2015
		567,804		2016

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Fund	Amount Waived or Reimbursed		Expiring Beginning December 31,
U.S. Treasury Money Market Fund	$	2,375,535		2013
		2,637,763		2014
		2,500,289		2015
		4,572,904		2016
Disciplined Equity Fund		26,510		2014
		24,912		2015
Dividend Capture Fund		254,226		2015
		460,065		2016
Global Select Markets Fund		19,364		2013
Balanced Allocation Fund		28,952		2013
		37,593		2014
		42,051		2015
		15,059		2016
Conservative Allocation Fund		11,431		2013
		15,227		2014
		15,187		2015
		9,113		2016
Growth Allocation Fund		40,912		2013
		41,180		2014
		46,866		2015
		18,989		2016

Administrative and Financial Administration Fees—Huntington Asset Services, Inc. (“HASI”), a wholly owned subsidiary of Huntington Bancshares, Incorporated, serves as

Administrator to the Trust. The fees paid for administrative services are based on the level of average net assets of each Fund for the period, subject to minimum fees in certain circumstances.

Maximum Administrative Fee	Average Daily Net Assets of the Trust
0.1822%	On the first $4 billion
0.1650%	On the next $2 billion
0.1575%	On the next $2 billion
0.1450%	On assets in excess of $8 billion

There is no minimum annual fee per fund or class of shares.

Distribution and Shareholder Services Fees—The Funds have adopted a Distribution Plan (the “Plan”) pursuant to Rule 12b-1 under the 1940 Act. Under the terms of the Plan,

the Funds will compensate qualified intermediaries for distribution services in connection with Class A Shares not to exceed 0.25% of the daily net assets of each Fund’s Class A Shares. Trust Shares are not subject to Rule 12b-1 fees. Class A Shares (except for the Asset Allocation Funds) and Trust Shares are also subject to a shareholder services fee not to exceed 0.25% of the daily net assets of such shares. For the six months ended June 30, 2013, Huntington and its affiliates received $98,738 in shareholder service fees. For the six months ended June 30, 2013, Unified Financial Securities, Inc., the Funds’ distributor, received underwriter commissions of $55,168 earned on sales of Class A Shares. For the six months ended June 30, 2013, the Funds paid $502,050 to affiliated broker-dealers of the Funds.

Transfer and Dividend Disbursing Agent Fees and Expense—HASI is the transfer and dividend disbursing agent for the Funds. For its services, HASI receives a yearly fixed amount per shareholder account, subject to a yearly minimum fee of $12,000 for each of the Funds. HASI is also entitled to receive additional amounts that may be activity or time-based charges, plus reimbursement for out-of-pocket expenses.

Custodian Fees—Huntington serves as custodian for each of the Funds. Brown Brothers Harriman serves as sub-custodian for each Fund’s foreign assets. Huntington and Brown Brothers Harriman receive fees based on the level of each Fund’s average daily net assets for the period, plus out-of-pocket expenses.

Compliance Services—The Trust has contracted with HASI to provide a Chief Compliance Officer to the Trust, for which it pays HASI $135,188 annually.

General—Certain officers of the Trust are Officers, Directors and/or Trustees of the above companies.

Each Trustee who is not an “interested person” of the Trust, as such term is defined in the 1940 Act, receives a $25,000 annual retainer plus $2,500 per regular Board meeting. The Independent Chairman of the Board receives a $40,000 annual retainer plus $2,500 per Board meeting. The Board or a Committee may establish ad hoc committees or sub-committees. Any Committee or sub-committee member may be compensated by the Fund for incremental work outside of the regular meeting process based on the value added to the Fund. In addition, the Fund reimburses Trustees who are not employees of or affiliated with the Adviser for out-of-pocket expenses incurred in conjunction with attendance at meetings. For the six months ended June 30, 2013, actual Trustee compensation was $161,000 in aggregate from the Trust.

Pursuant to an exemptive order issued by the Securities and Exchange Commission, the Funds may invest in certain affiliated money market funds which are managed by the Adviser. Income distributions earned from investments in these funds are recorded as income from affiliates in the accompanying financial statements. A summary of each Fund’s investment in such affiliated money market funds is set forth below:

U.S. Treasury Money Market Fund	12/31/12 Market Value		Purchases		Sales			6/30/13 Market Value		Income
Disciplined Equity Fund	$	5,903,706	$	40,753,563	$	(30,408,448	)	$	16,248,821	$	2,880
Dividend Capture Fund		3,354,143		33,097,685		(28,422,379	)		8,029,449		1,312
Global Select Markets Fund		1,038,116		20,336,822		(20,312,691	)		1,062,247		403

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121

Notes to Financial Statements (Continued)

U.S. Treasury Money Market Fund	12/31/12 Market Value		Purchases		Sales			6/30/13 Market Value		Income
Income Equity Fund	$	1,391,488	$	16,869,029	$	(16,833,458	)	$	1,427,059	$	977
International Equity Fund		10,717,674		101,565,602		(108,425,060	)		3,858,216		2,474
Mid Corp America Fund		3,531,522		18,353,376		(14,711,495	)		7,173,403		1,317
Real Strategies Fund		5,395,632		21,864,961		(23,222,546	)		4,038,047		639
Rotating Markets Fund		1,385,688		6,810,059		(7,504,009	)		691,738		429
Situs Fund		3,588,928		63,654,408		(49,370,030	)		17,873,306		4,140
Fixed Income Securities Fund		5,299,225		51,490,661		(52,067,716	)		4,722,170		1,060
Intermediate Government Income Fund		2,607,089		19,934,828		(20,514,688	)		2,027,229		715
Mortgage Securities Fund		3,940,040		20,714,937		(21,104,857	)		3,550,120		731
Short/Intermediate Fixed Income Securities Fund		2,150,783		31,784,406		(30,579,104	)		3,356,085		411

Additionally, Balanced Allocation Fund, Conservative Allocation Fund and Growth Allocation Fund invest in other Funds within the Trust and other affiliated funds. A summary of these investments in affiliated funds is set forth below:

Balanced Allocation Fund	12/31/2012 Market Value		Purchases		Sales			6/30/2013 Market Value		Income
U.S. Treasury Money Market Fund	$	229,492	$	5,047,136	$	(4,849,239	)	$	427,389	$	106
Disciplined Equity Fund		1,070,033		119,053		(47,416	)		1,191,417		—
Dividend Capture Fund		569,908		27,141		(145,717	)		506,912		8,975
Global Select Markets Fund		394,114		543,013		(46,270	)		851,484		—
Growth Fund		2,160,587		385,474		(2,463,678	)		—		248,463
Income Equity Fund		1,986,378		129,535		(165,161	)		2,127,035		29,647
International Equity Fund		2,047,158		180,707		(461,979	)		1,831,556		—
Mid Corp America Fund		970,450		36,847		(291,851	)		861,508		—
Situs Fund		975,336		108,475		(309,498	)		851,024		—
Fixed Income Securities Fund		2,772,839		755,242		(83,988	)		3,331,475		34,264
Intermediate Government Income Fund		1,293,512		350,805		(38,293	)		1,553,786		13,236
Mortgage Securities Fund		739,706		189,177		(23,861	)		887,636		8,501
Short/Intermediate Fixed Income Securities Fund		1,291,306		320,968		(34,643	)		1,554,515		7,519
Huntington EcoLogical Strategy ETF		—		2,451,068		(147,853	)		2,322,154		—
Huntington US Equity Rotation Strategy ETF		1,709,472		272,422		(175,165	)		2,059,043		—

Conservative Allocation Fund	12/31/2012 Market Value		Purchases		Sales			6/30/2013 Market Value		Income
U.S. Treasury Money Market Fund	$	15,912	$	4,128,687	$	(4,017,591	)	$	127,008	$	27
Disciplined Equity Fund		109,900		17,883		(29,157	)		103,649		—
Dividend Capture Fund		58,540		7,488		(27,579	)		43,984		854
Global Select Markets Fund		40,486		51,674		(14,396	)		74,436		—
Growth Fund		221,908		51,843		(266,720	)		—		23,490
Income Equity Fund		204,022		28,859		(65,136	)		185,187		2,790
International Equity Fund		210,329		26,822		(84,429	)		159,566		—
Mid Corp America Fund		99,676		11,308		(50,099	)		75,149		—
Situs Fund		100,194		14,601		(48,665	)		74,120		—
Fixed Income Securities Fund		1,638,243		526,457		(374,450	)		1,727,458		19,834
Intermediate Government Income Fund		764,224		244,581		(174,570	)		804,898		7,654
Mortgage Securities Fund		437,018		134,225		(101,822	)		460,372		4,957
Short/Intermediate Fixed Income Securities Fund		762,913		236,540		(181,258	)		805,295		4,347
Huntington EcoLogical Strategy ETF		—		216,662		(15,731	)		202,527		—
Huntington US Equity Rotation Strategy ETF		175,592		38,895		(59,896	)		179,247		—

Growth Allocation Fund	12/31/2012 Market Value		Purchases		Sales			6/30/2013 Market Value		Income
U.S. Treasury Money Market Fund	$	131,237	$	3,992,352	$	(3,848,777	)	$	274,812	$	69
Disciplined Equity Fund		1,017,758		108,833		(67,060	)		1,106,903		—
Dividend Capture Fund		542,030		37,259		(161,274	)		470,705		8,492
Global Select Markets Fund		374,815		495,796		(42,803	)		791,087		—
Growth Fund		2,055,026		411,076		(2,387,052	)		—		237,054
Income Equity Fund		1,889,296		146,498		(225,902	)		1,977,937		28,102
International Equity Fund		1,946,752		131,059		(439,279	)		1,702,400		—
Mid Corp America Fund		923,021		57,169		(319,612	)		799,198		—
Situs Fund		927,573		122,675		(331,223	)		791,756		—
Fixed Income Securities Fund		794,425		305,250		(27,723	)		1,040,265		9,695

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Growth Allocation Fund	12/31/2012 Market Value		Purchases		Sales			6/30/2013 Market Value		Income
Intermediate Government Income Fund	$	370,597	$	141,796	$	(13,170	)	$	484,527	$	3,740
Mortgage Securities Fund		211,931		79,115		(7,186	)		278,965		2,404
Short/Intermediate Fixed Income Securities Fund		369,966		133,697		(12,454	)		484,728		2,125
Huntington EcoLogical Strategy ETF		—		2,262,181		(119,425	)		2,160,175		—
Huntington US Equity Rotation Strategy ETF		1,625,841		241,563		(193,717	)		1,913,324		—

(4) Affiliated Issuers

Affiliated issuers, as defined under the Investment Company Act of 1940, are those in which a Fund’s holdings of an issuer represent 5% or more of the outstanding securities of the issuer. A summary of each of Real Strategies Fund’s holdings in the securities of such issuers is set forth below:

	12/31/12 Market Value		Change in unrealized appreciation (depreciation)		Purchases		Sales		6/30/13 Market Value		Income
Discount Retail Portfolio II DST	$	884,472	$	33,775	$	—	$	—	$	918,247	$	39,192
New York Power DST		862,254		—		—		—		862,254		35,383
Scotts Gahanna LLC*		1,143,804		142,527		—		—		1,286,331		50,256

* Controlled affiliate in which the Real Stategies Fund owns 25% or more of the outstanding securities.

(5) Balanced Allocation Fund, Conservative Allocation Fund and Growth Allocation Fund Structure

Balanced Allocation Fund, Conservative Allocation Fund and Growth Allocation Fund (“Investing Funds”), in accordance with their prospectus, seek to achieve their investment objectives by investing in other investment companies (“Underlying Funds”) with similar investment objectives. As a result, investors in the Investing Funds incur expenses of both the Investing Funds and Underlying Funds, including transaction costs related to the purchases and sales of Underlying Fund shares.

(6) Investment Transactions

Purchases and sales of investments, excluding short-term securities, for the six months ended June 30, 2013, were as follows:

Fund	Purchases		Sales
Disciplined Equity	$	27,557,497	$	39,637,179
Dividend Capture Fund		131,867,244		120,113,290
Global Select Markets Fund		24,295,408		34,791,925
Income Equity Fund		107,507,463		112,681,569
International Equity Fund		114,937,089		118,069,194
Mid Corp America Fund		978,906		12,985,811
Real Strategies Fund		30,187,413		32,725,670
Rotating Markets Fund		38,804,979		57,984,892
Situs Fund		36,569,777		15,046,869
Fixed Income Securities Fund		46,149,790		53,642,790
Intermediate Government Income Fund		12,419,251		17,431,299
Mortgage Securities Fund		18,277,144		17,065,595
Ohio Tax-Free Fund		11,836,065		12,335,230
Short/Intermediate Fixed Income Securities Fund		25,801,576		59,619,682
Balanced Allocation Fund		5,869,927		4,435,373
Conservative Allocation Fund		1,607,838		1,493,908
Growth Allocation Fund		4,673,967		4,347,880

Purchases and sales of long-term U.S. government securities, for the six months ended June 30, 2013, were as follows:

Fund	Purchases		Sales
Fixed Income Securities Fund	$	22,582,418	$	26,899,902
Intermediate Government Income Fund		16,479,824		42,099,422
Mortgage Securities Fund		20,754,614		51,349,755
Short/Intermediate Fixed Income Securities Fund		1,501,245		31,651,076

(7) Concentration of Credit Risk

Since each of Ohio Municipal Money Market Fund and Ohio Tax-Free Fund invest a substantial portion of their assets in issuers located in the state of Ohio, they will be more susceptible to factors adversely affecting issuers of Ohio than would be a comparable tax-exempt mutual fund that invests nationally. In order to reduce the credit risk associated with such factors, at June 30, 2013, the securities in the portfolio of investments are backed by letters of credit or bond insurance from various financial institutions and financial guaranty assurance agencies, as indicated on each Fund’s Portfolio of Investments.

(8) Foreign Investment Risk

Compared with investing in the United States, investing in foreign markets involves a greater degree and variety of risk. Investors in international or foreign markets may face delayed settlements, currency controls and adverse economic developments as well as higher overall transaction costs. In addition, fluctuations in the U.S. dollar’s value versus other currencies may erode or reverse gains from investments denominated in foreign currencies or widen losses. Foreign governments may expropriate assets, imposed capital or currency controls, impose punitive taxes, impose limits on ownership or nationalize a company or industry. Any of these actions could have severe effect on security prices and impair the Fund’s ability to bring its capital or income back to the U.S. Exchange rate fluctuations also may impair an issuer’s

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Notes to Financial Statements (Continued)

ability to repay U.S. dollar denominated debt, thereby increasing credit risk of such debt. Finally, the value of foreign securities may be affected by incomplete, less frequent or inaccurate financial information about their issuers, social upheavals or political actions ranging from tax code changes

to government collapse. Foreign companies may also receive less coverage than U.S. companies by market analysts, and financial reporting standards or regulatory requirements may not be comparable to those applicable to U.S. companies.

(9) Line of Credit

The Trust participates in a short-term credit agreement (“Line of Credit”) with Citibank, N.A. (“Citi”). Under the terms of the agreement, the Trust may borrow up to $20 million. The purpose of the agreement is to meet temporary or emergency cash needs, including redemption requests that might otherwise require the untimely disposition of securities. Citi receives an annual facility fee of 0.10% on $20 million for providing the Line of Credit. Each fund in the Trust pays a pro-rata portion of this facility fee plus any interest on amounts borrowed. For the six months ended June 30, 2013, the following Funds had borrowings under this Line of Credit.

Fund	Average Loan Balance		Weighted Average Interest Rate			Number of Days Outstanding*		Interest Expense Incurred		Maximum Loan Outstanding
Ohio Municipal Money Market Fund	$	2,000,000		1.36	%		3	$	188	$	4,000,000
U.S. Treasury Money Market Fund		20,000,000		1.41	%		1		780		20,000,000
Disciplined Equity Fund		802,595		1.41	%		1		—		802,595
Global Select Markets Fund		1,166,667		1.42	%		6		276		2,000,000
International Equity Fund		1,000,000		1.40	%		5		194		1,000,000
Real Strategies Fund		1,000,000		1.41	%		1		39		1,000,000
Rotating Markets Fund		16,250,000		1.39	%		4		2,502		18,000,000
Conservative Allocation Fund		1,000,000		1.43	%		2		81		1,000,000
Growth Allocation Fund		1,000,000		1.41	%		1		39		1,000,000

* Number of Days Outstanding represents the total days during the period ended June 30, 2013 that each Fund utilized the Line of Credit.

As of June 30, 2013, the Funds had no outstanding borrowings under this Line of Credit.

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124

Supplemental Information (Unaudited)

Shareholder Expense Examples

Fund Expenses—As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments, contingent deferred sales charges on redemptions; and (2) ongoing costs, including management fees, distribution and service fees; and other Fund expenses. These examples are intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The examples are based on an investment of $1,000.00 invested at the beginning of the period and held for the entire six-month period from January 1, 2013 to June 30, 2013.

Actual Expenses—The “Actual” lines of the table provide information about actual account values and actual expenses. You may use the information on this line for the class of shares you hold, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600.00 account value divided by $1,000.00 = 8.60), then multiply the result by the number in the “Actual” line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes—The “Hypothetical” lines of the table provide information about hypothetical account values and hypothetical expenses based on the Funds’ actual expense ratios for each class of shares and an assumed rate of return of 5% per year before expenses, which are not the Funds’ actual returns. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Funds and other funds. To do so, compare the 5% hypothetical examples with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the “Hypothetical” lines of the table are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

		Beginning Account Value, January 1, 2013		Ending Account Value, June 30, 2013		Expenses Paid During Period(1)		Annualized Expense Ratio
Tax-Free Money Market Fund
Trust Shares	Actual	$	1,000.00	$	1,000.10	$	0.89		0.18	%
	Hypothetical (2)	$	1,000.00	$	1,023.90	$	0.90		0.18	%
Class A Shares	Actual	$	1,000.00	$	1,000.00	$	0.94		0.19	%
	Hypothetical (2)	$	1,000.00	$	1,023.85	$	0.95		0.19	%
Money Market Fund
Trust Shares	Actual	$	1,000.00	$	1,000.00	$	0.74		0.15	%
	Hypothetical (2)	$	1,000.00	$	1,024.05	$	0.75		0.15	%
Class A Shares	Actual	$	1,000.00	$	1,000.00	$	0.74		0.15	%
	Hypothetical (2)	$	1,000.00	$	1,024.05	$	0.75		0.15	%
Ohio Municipal Money Market Fund
Trust Shares	Actual	$	1,000.00	$	1,000.00	$	0.84		0.17	%
	Hypothetical (2)	$	1,000.00	$	1,023.95	$	0.85		0.17	%
Class A Shares	Actual	$	1,000.00	$	1,000.00	$	0.84		0.17	%
	Hypothetical (2)	$	1,000.00	$	1,023.95	$	0.85		0.17	%
U.S. Treasury Money Market Fund
Trust Shares	Actual	$	1,000.00	$	1,000.20	$	0.20		0.04	%
	Hypothetical (2)	$	1,000.00	$	1,024.60	$	0.20		0.04	%
Class A Shares	Actual	$	1,000.00	$	1,000.00	$	0.45		0.09	%
	Hypothetical (2)	$	1,000.00	$	1,024.35	$	0.45		0.09	%

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Supplemental Information (Continued)

		Beginning Account Value, January 1, 2013			Ending Account Value, June 30, 2013		Expenses Paid During Period(1)		Annualized Expense Ratio
Disciplined Equity Fund
Trust Shares	Actual	$	1,000.00		$	1,053.10	$	6.06		1.19	%
	Hypothetical (2)	$	1,000.00		$	1,018.89	$	5.96		1.19	%
Class A Shares	Actual	$	1,000.00		$	1,052.10	$	7.33		1.44	%
	Hypothetical (2)	$	1,000.00		$	1,017.65	$	7.20		1.44	%
Dividend Capture Fund
Trust Shares	Actual	$	1,000.00		$	1,113.60	$	4.66		0.89	%
	Hypothetical (2)	$	1,000.00		$	1,020.38	$	4.46		0.89	%
Class A Shares	Actual	$	1,000.00		$	1,111.30	$	5.97		1.14	%
	Hypothetical (2)	$	1,000.00		$	1,019.14	$	5.71		1.14	%
Global Select Markets Fund
Trust Shares	Actual	$	1,000.00		$	957.40	$	9.03		1.86	%
	Hypothetical (2)	$	1,000.00		$	1,015.57	$	9.30		1.86	%
Class A Shares	Actual	$	1,000.00		$	956.40	$	10.24		2.11	%
	Hypothetical (2)	$	1,000.00		$	1,014.33	$	10.54		2.11	%
Income Equity Fund
Trust Shares	Actual	$	1,000.00		$	1,103.00	$	6.05		1.16	%
	Hypothetical (2)	$	1,000.00		$	1,019.04	$	5.81		1.16	%
Class A Shares	Actual	$	1,000.00		$	1,101.70	$	7.35		1.41	%
	Hypothetical (2)	$	1,000.00		$	1,017.80	$	7.05		1.41	%
International Equity Fund
Trust Shares	Actual	$	1,000.00		$	1,033.50	$	7.87		1.56	%
	Hypothetical (2)	$	1,000.00		$	1,017.06	$	7.80		1.56	%
Class A Shares	Actual	$	1,000.00		$	1,032.00	$	9.12		1.81	%
	Hypothetical (2)	$	1,000.00		$	1,015.82	$	9.05		1.81	%
Mid Corp America Fund
Trust Shares	Actual	$	1,000.00	��	$	1,151.10	$	7.15		1.34	%
	Hypothetical (2)	$	1,000.00		$	1,018.15	$	6.71		1.34	%
Class A Shares	Actual	$	1,000.00		$	1,150.30	$	8.48		1.59	%
	Hypothetical (2)	$	1,000.00		$	1,016.91	$	7.95		1.59	%
Real Strategies Fund
Trust Shares	Actual	$	1,000.00		$	958.20	$	6.51		1.34	%
	Hypothetical (2)	$	1,000.00		$	1,018.15	$	6.71		1.34	%
Class A Shares	Actual	$	1,000.00		$	956.90	$	7.71		1.59	%
	Hypothetical (2)	$	1,000.00		$	1,016.91	$	7.95		1.59	%
Rotating Markets Fund
Trust Shares	Actual	$	1,000.00		$	1,076.60	$	6.18		1.20	%
	Hypothetical (2)	$	1,000.00		$	1,018.84	$	6.01		1.20	%
Class A Shares	Actual	$	1,000.00		$	1,076.30	$	7.46		1.45	%
	Hypothetical (2)	$	1,000.00		$	1,017.60	$	7.25		1.45	%
Situs Fund
Trust Shares	Actual	$	1,000.00		$	1,076.40	$	6.74		1.31	%
	Hypothetical (2)	$	1,000.00		$	1,018.30	$	6.56		1.31	%
Class A Shares	Actual	$	1,000.00		$	1,074.90	$	8.03		1.56	%
	Hypothetical (2)	$	1,000.00		$	1,017.06	$	7.80		1.56	%

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126

		Beginning Account Value, January 1, 2013		Ending Account Value, June 30, 2013		Expenses Paid During Period(1)		Annualized Expense Ratio
Fixed Income Securities Fund
Trust Shares	Actual	$	1,000.00	$	975.00	$	5.09		1.04	%
	Hypothetical (2)	$	1,000.00	$	1,019.64	$	5.21		1.04	%
Class A Shares	Actual	$	1,000.00	$	973.80	$	6.31		1.29	%
	Hypothetical (2)	$	1,000.00	$	1,018.40	$	6.46		1.29	%
Intermediate Government Income Fund
Trust Shares	Actual	$	1,000.00	$	973.10	$	5.28		1.08	%
	Hypothetical (2)	$	1,000.00	$	1,019.44	$	5.41		1.08	%
Class A Shares	Actual	$	1,000.00	$	971.90	$	6.50		1.33	%
	Hypothetical (2)	$	1,000.00	$	1,018.20	$	6.66		1.33	%
Mortgage Securities Fund
Trust Shares	Actual	$	1,000.00	$	989.90	$	5.58		1.13	%
	Hypothetical (2)	$	1,000.00	$	1,019.19	$	5.66		1.13	%
Class A Shares	Actual	$	1,000.00	$	987.60	$	6.80		1.38	%
	Hypothetical (2)	$	1,000.00	$	1,017.95	$	6.90		1.38	%
Ohio Tax-Free Fund
Trust Shares	Actual	$	1,000.00	$	967.00	$	5.75		1.18	%
	Hypothetical (2)	$	1,000.00	$	1,018.94	$	5.91		1.18	%
Class A Shares	Actual	$	1,000.00	$	965.80	$	6.97		1.43	%
	Hypothetical (2)	$	1,000.00	$	1,017.70	$	7.15		1.43	%
Short/Intermediate Fixed Income Securities Fund
Trust Shares	Actual	$	1,000.00	$	989.40	$	5.23		1.06	%
	Hypothetical (2)	$	1,000.00	$	1,019.54	$	5.31		1.06	%
Class A Shares	Actual	$	1,000.00	$	988.20	$	6.46		1.31	%
	Hypothetical (2)	$	1,000.00	$	1,018.30	$	6.56		1.31	%
Balanced Allocation Fund
Class A Shares	Actual	$	1,000.00	$	1,044.50	$	3.65		0.72	%
	Hypothetical (2)	$	1,000.00	$	1,021.22	$	3.61		0.72	%
Conservative Allocation Fund
Class A Shares	Actual	$	1,000.00	$	1,000.70	$	4.02		0.81	%
	Hypothetical (2)	$	1,000.00	$	1,020.78	$	4.06		0.81	%
Growth Allocation Fund
Class A Shares	Actual	$	1,000.00	$	1,067.20	$	3.43		0.67	%
	Hypothetical (2)	$	1,000.00	$	1,021.47	$	3.36		0.67	%

⁽¹⁾  Expenses are equal to the Fund’s annualized expense ratios, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). The annualized expense ratios reflect reimbursement of expenses by the Funds’ Adviser for the period beginning January 1, 2013 through June 30, 2013. The “Financial Highlights” tables in the Funds’ financial statements, included in the report, also show the gross expense ratios, without such reimbursements.

⁽²⁾  Hypothetical assumes 5% annual return before expenses.

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VOTING PROXIES ON FUND PORTFOLIO SECURITIES

A copy of the policies and procedures that the Funds use to determine how to vote proxies relating to securities held in the Funds’ portfolios, as well as a record of how the Funds voted any such proxies during the most recent 12-month period ended June 30, is available without charge and upon request by calling 1-800-253-0412 or at www.huntingtonfunds.com. This information is also available from the EDGAR database on the SEC’s website at www.sec.gov.

QUARTERLY PORTFOLIO SCHEDULE

The Funds file with the SEC a complete schedule of their portfolio holdings, as of the close of the first and third quarters of their fiscal year, on “Form N-Q.” These filings are available on the SEC’s website at www.sec.gov and may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. (call 1-202-551-8090 for information on the operation of the Public Reference Room.) You may also access this information at www.huntingtonfunds.com by selecting “Form N-Q.”

The Huntington National Bank, a subsidiary of Huntington Bancshares, Inc., is the Custodian of The Huntington Funds. Huntington Asset Services, Inc. serves as the Administrator and Fund Accountant and is affiliated with the Huntington National Bank. Additionally, Brown Brothers Harriman & Co. is the Sub-Custodian of certain of the Funds. Huntington Asset Advisors, Inc., a subsidiary of the Huntington National Bank, serves as Investment Advisor to the Funds. Unified Financial Securities, Inc. serves as the Distributor of The Huntington Funds and is affiliated with the Huntington National Bank.

Mutual funds, including money market funds, are not bank deposits or obligations, are not guaranteed by any bank, and are not insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other government agency. Investment in mutual funds involves investment risk, including the possible loss of principal. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Funds.

This report is authorized for distribution to prospective investors only when preceded or accompanied by a prospectus which contains facts concerning the Funds’ objectives and policies, management fees, expenses and other information.

Huntington Shareholder Services: 800-253-0412

27057 06/13

Semi-Annual Shareholder Report

JUNE 30, 2013

BALANCED FUND

Huntington VA Balanced Fund

EQUITY FUNDS

Huntington VA Dividend Capture Fund

Huntington VA Growth Fund

Huntington VA Income Equity Fund

Huntington VA International Equity Fund

Huntington VA Mid Corp America Fund

Huntington VA Real Strategies Fund

Huntington VA Rotating Markets Fund

Huntington VA Situs Fund

INCOME FUNDS

Huntington VA Mortgage Securities Fund

Notice of Privacy Policy and Practices

The Huntington Funds recognize and respect the privacy concerns and expectations of our customers¹. We are committed to maintaining the highest level of privacy and confidentiality when it comes to your personal information.

The Huntington Funds collect and use your information only where we reasonably believe it would be useful and allowed by law. We would only use such information to enhance, evaluate or modify your relationship with us: to administer your account, to identify your specific financial needs and to provide you with information about our products and services.

We provide this notice so that you will know what kinds of information we collect and the circumstances in which that information may be disclosed to third parties.

We collect nonpublic personal information about our customers from the following sources:

• Account applications and other forms—which may include a customer’s name, address, social security number, and information about a customer’s investment goals and risk tolerance;

• Account history—including information about the transactions and balances in a customer’s account(s); and

• Correspondence—written, telephonic or through the Huntington Funds website — between a customer and the Huntington Funds or service providers to the Huntington Funds.

We may disclose all of the information described above to affiliated parties and to certain third parties who are not affiliated with the Huntington Funds under one or more of these circumstances:

• As authorized—if you request or authorize the disclosure of the information.

• As permitted by law—for example, sharing information with companies who maintain or service customer accounts for the Huntington Funds is permitted and is essential for us to provide shareholders with necessary or useful services with respect to their accounts.

• Under marketing agreements—we may also share information with companies that perform marketing services on our behalf.

We maintain, and require all the Huntington Funds service providers to maintain policies designed to assure only appropriate access to, and use of information about, our customers. We rely on the Huntington Funds’ transfer agent, in accordance with its policies and procedures, to appropriately dispose of our customers’ nonpublic personal information and to protect against its unauthorized access or use when we are no longer required to maintain this information. When information about the Huntington Funds’ customers is disclosed to nonaffiliated third parties, we require that the third party maintain the confidentiality of the information disclosed and limit the use of information by the third party solely to the purposes for which the information is disclosed or as otherwise permitted by law.

We will adhere to the policies and practices described in this notice regardless of whether you are a current or former customer of the Huntington Funds.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

¹  For purposes of this notice, the terms “customer’’ or “customers’’ includes individuals who provide nonpublic personal information to the Huntington Funds, but do not invest in the Huntington Funds’ shares.

LIMITING USE OF YOUR INFORMATION FOR MARKETING WITHIN OUR FAMILY OF COMPANIES

• Huntington Funds is providing this notice. Federal law gives you the right to limit some but not all marketing from our affiliates. Federal law also requires us to give you this notice to tell you about your choice to limit marketing from our affiliates.

• You may limit our affiliates in the Huntington group of companies, including, but not limited to, Huntington Asset Advisors, Inc., Huntington Investment Company, Huntington Asset Services and Unified Financial Securities, from marketing their products or services to you based on your personal information that we collect and share with them. This information includes your income and your account history with us.

• Your choice to limit marketing offers from our affiliates will apply until you tell us to change your choice.

• If you have already made a choice to limit marketing offers from our affiliates, you do not need to act again.

• For joint consumer accounts, any one of the joint account holders has the right to exercise the option described above. If you are a joint account holder, your decision will also apply to others with whom you jointly hold accounts. If you have more than one consumer account with us, you need only respond once. It is not necessary for you to respond for each account.

To limit marketing offers, check the box below and return the form to us.

¨ Exclude me from information sharing among your affiliates as described above.

To complete your request, please provide us with the following information.

Name:                                                                                                                                        

Account Number:                                                                                                                     

Street Address:                                                                                                                         

City, State, Zip:                                                                                                                        

Phone Number:                                                                                                                         

Last 4 digits of Social Security Number:                                                                                

If you have checked the box above, either mail this form in a stamped envelope to:

Huntington Funds, P.O. Box 6110, Indianapolis, IN 46206-6110

or call us at 1-800-253-0412

Huntington VA Balanced Fund

Portfolio of Investments Summary Table (Unaudited)

June 30, 2013

Asset Allocation	Percentage of Market Value
Equity Mutual Funds1		60.6	%
Fixed Income Mutual Funds1		38.1	%
Cash1		1.3	%
Total		100.0	%

¹  Investments in affiliated funds.

Portfolio holdings and allocations are subject to change. Percentages in the table above, as of June 30, 2013, are based on total investments, which may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments (Unaudited)

June 30, 2013

Shares			Value
		Mutual Funds — 98.7% (a)
	626,335	Huntington Fixed Income Securities Fund, Trust Shares	$	13,710,479
	333,312	Huntington VA Dividend Capture Fund		3,976,416
	870,165	Huntington VA Growth Fund		7,892,400
	496,558	Huntington VA Income Equity Fund		5,268,482
	296,721	Huntington VA International Equity Fund		4,382,571
	165,959	Huntington VA Mid Corp America Fund		3,521,645
	241,348	Huntington VA Mortgage Securities Fund		2,845,493
	66,405	Huntington VA Situs Fund*		1,321,455
		Total Mutual Funds (Cost $36,717,078)		42,918,941

Shares			Value
		Cash Equivalents — 1.3%
	560,510	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (a) (b)	$	560,510
		Total Cash Equivalents (Cost $560,510)		560,510
		Total Investments (Cost $37,277,588) — 100.0%		43,479,451
		Other Assets in Excess of Liabilities — 0.0%		7,589
		Net Assets — 100.0%	$	43,487,040

(a) Investment in affiliate.

(b) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

See Notes which are an integral part of the Financial Statements.

1

Huntington VA Dividend Capture Fund

Portfolio of Investments Summary Table (Unaudited)

June 30, 2013

Asset Allocation	Percentage of Market Value
Common Stocks		67.6	%
Preferred Stocks		20.0	%
Short-Term Securities Held as Collateral for Securities Lending		8.9	%
Exchange-Traded Funds		2.2	%
Cash1		1.3	%
Total		100.0	%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. Percentages in the table above, as of June 30, 2013, are based on total investments, which may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments is broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (Unaudited)

June 30, 2013

Shares			Value
		Common Stocks — 74.0%
		Consumer Discretionary — 3.2%
	8,750	Comcast Corp., Class A	$	366,450
	3,000	Gentex Corp.		69,150
	5,000	Genuine Parts Co.		390,350
	11,580	Leggett & Platt, Inc.		360,022
	1,500	Time Warner Cable, Inc., Class A		168,720
				1,354,692
		Consumer Staples — 5.7%
	14,300	Colgate-Palmolive Co.		819,247
	10,250	ConAgra Foods, Inc.		358,032
	6,250	Kellogg Co.		401,437
	4,750	Kimberly-Clark Corp.		461,415
	5,000	Wal-Mart Stores, Inc.		372,450
				2,412,581
		Energy — 15.4%
	15,500	BP PLC ADR		646,970
	5,000	Chevron Corp.		591,700
	8,050	ConocoPhillips		487,025
	16,500	Crosstex Energy LP		340,230
	13,000	El Paso Pipeline Partners LP (a)		567,710
	24,500	Enbridge Energy Partners LP (a)		747,005
	10,263	Exxon Mobil Corp.		927,262
	8,000	Linn Energy LLC		265,440
	4,000	Magellan Midstream Partners LP (a)		218,000
	7,950	Murphy Oil Corp.		484,075
	10,000	Royal Dutch Shell PLC ADR		638,000
	7,500	Schlumberger Ltd.		537,450
				6,450,867
		Financials — 15.3%
	3,750	Bank of Montreal		217,613
	10,000	Brown & Brown, Inc.		322,400
	12,000	Community Bank System, Inc.		370,200
	9,500	Cullen/Frost Bankers, Inc. (a)		634,315
	8,400	Federated Investors, Inc., Class B (a)		230,244
	24,500	FNB Corp.		295,960

Shares			Value
		Financials — (continued)
	20,000	Fulton Financial Corp.	$	229,600
	15,000	JPMorgan Chase & Co.		791,850
	4,000	Northern Trust Corp.		231,600
	19,750	Northwest Bancshares, Inc.		266,823
	9,000	Old National Bancorp		124,470
	4,550	Torchmark Corp.		296,387
	3,750	Toronto-Dominion Bank (a)		301,388
	15,250	Trustmark Corp. (a)		374,845
	22,235	U.S. Bancorp		803,795
	13,370	Unum Group		392,677
	15,000	Washington Federal, Inc.		283,200
	6,734	Wells Fargo & Co.		277,912
				6,445,279
		Health Care — 5.7%
	14,750	AstraZeneca PLC ADR		697,675
	4,000	Baxter International, Inc.		277,080
	4,610	Becton, Dickinson & Co.		455,606
	10,000	Merck & Co., Inc.		464,500
	10,500	St. Jude Medical, Inc.		479,115
				2,373,976
		Industrials — 7.9%
	3,030	3M Co.		331,331
	4,500	Cintas Corp.		204,930
	10,500	CSX Corp.		243,495
	5,000	Dover Corp.		388,300
	34,500	General Electric Co.		800,055
	9,250	Harsco Corp.		214,508
	8,000	Rockwell Automation, Inc.		665,120
	11,500	Waste Management, Inc.		463,795
				3,311,534
		Information Technology — 6.4%
	10,710	Cisco Systems, Inc.		260,360
	9,750	Harris Corp.		480,187
	17,200	Intel Corp.		416,584
	17,160	Microsoft Corp.		592,535

See Notes which are an integral part of the Financial Statements.

2

Huntington VA Dividend Capture Fund

Portfolio of Investments (Unaudited) (continued)

June 30, 2013

Shares			Value
		Common Stocks — (continued)
		Information Technology — (continued)
	15,500	Molex, Inc.	$	454,770
	18,000	Taiwan Semiconductor Manufacturing Co. Ltd. ADR		329,760
	6,000	Total System Services, Inc.		146,880
				2,681,076
		Materials — 2.7%
	23,000	Freeport-McMoRan Copper & Gold, Inc.		635,030
	14,250	Sonoco Products Co.		492,622
				1,127,652
		Real Estate Investment Trusts — 6.2%
	18,000	Associated Estates Realty Corp.		289,440
	4,500	EastGroup Properties, Inc.		253,215
	3,000	HCP, Inc.		136,320
	5,500	Highwoods Properties, Inc.		195,855
	5,250	Home Properties, Inc.		343,193
	12,200	Kimco Realty Corp.		261,446
	7,750	Liberty Property Trust		286,440
	9,500	Mack-Cali Realty Corp.		232,655
	4,750	Mid-America Apartment Communities, Inc.		321,908
	3,250	National Retail Properties, Inc. (a)		111,800
	6,000	Senior Housing Properties Trust		155,580
				2,587,852
		Telecommunication Services — 2.2%
	22,870	AT&T, Inc.		809,598
	2,640	Verizon Communications, Inc.		132,898
				942,496
		Utilities — 3.3%
	5,500	CenterPoint Energy, Inc.		129,195
	15,500	PG&E Corp.		708,815
	32,640	TECO Energy, Inc.		561,082
				1,399,092
		Total Common Stocks (Cost $28,596,332)		31,087,097
		Preferred Stocks — 21.9%
		Financials — 12.1%
	23,500	Allstate Corp./The, 5.100%		601,365
	18,000	American Financial Group, Inc., 7.000%		475,200
	6,500	Ameriprise Financial, Inc., 7.750%		171,145
	18,500	Axis Capital Holdings Ltd., Series C, 6.875%		483,590
	9,000	BB&T Corp., 5.850%		225,540
	23,000	Charles Schwab Corp./The, Series B, 6.000%		585,350
	27,000	JPMorgan Chase Capital XXIX, 6.700%		684,720
	13,000	KKR Financial Holdings LLC, 8.375%		360,620
	16,350	PartnerRe Ltd., Series E, 7.250%		443,085
	18,000	Raymond James Financial, Inc., 6.900%		476,460
	19,000	Wells Fargo & Co., Series J, 8.000%		549,860
				5,056,935

Shares			Value
		Industrials — 1.1%
	19,000	Stanley Black & Decker, Inc., 5.750%	$	464,740
		Real Estate Investment Trusts — 3.8%
	14,521	Kimco Realty Corp., Series H, 6.900%		372,173
	20,000	PS Business Parks, Inc., Series S, 6.450%		503,000
	15,000	Realty Income Corp., Series F, 6.625%		386,250
	13,000	Vornado Realty LP, 7.875%		343,590
				1,605,013
		Telecommunication Services — 1.7%
	27,000	Qwest Corp., 7.500%		720,090
		Utilities — 3.2%
	24,000	Dominion Resources, Inc., Class A, 8.375%		630,960
	27,000	NextEra Energy Capital Holdings, Inc., Series F, 8.750%		709,290
				1,340,250
		Total Preferred Stocks (Cost $9,467,860)		9,187,028
		Exchange-Traded Funds — 2.4%
	15,500	SPDR S&P Dividend ETF (a)		1,027,650
		Total Exchange-Traded Funds (Cost $972,095)		1,027,650
		Cash Equivalents — 1.5%
	623,301	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (b) (c)		623,301
		Total Cash Equivalents (Cost $623,301)		623,301
		Short-Term Securities Held as Collateral for Securities Lending — 9.7%
	4,084,661	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (c)		4,084,661
		Total Short-Term Securities Held as Collateral for Securities Lending (Cost $4,084,661)		4,084,661
		Total Investments (Cost $43,744,249) — 109.5%		46,009,737
		Liabilities in Excess of Other Assets — (9.5)%		(4,007,560	)
		Net Assets — 100.0%	$	42,002,177

(a) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $3,984,524.

(b) Investment in affiliate.

(c) Rate disclosed is the seven day yield as of June 30, 2013.

ADR —American Depositary Receipt

See Notes which are an integral part of the Financial Statements.

3

Huntington VA Growth Fund

Portfolio of Investments Summary Table (Unaudited)

June 30, 2013

Asset Allocation	Percentage of Market Value
Information Technology		28.6	%
Health Care		18.1	%
Consumer Discretionary		13.4	%
Consumer Staples		8.9	%
Industrials		7.3	%
Financials		6.4	%
Energy		6.1	%
Materials		4.3	%
Cash1		3.5	%
Short-Term Securities Held as Collateral for Securities Lending		3.4	%
Total		100.0	%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. Percentages in the table above, as of June 30, 2013, are based on total investments, which may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments Summary Table and the Portfolio of Investments are broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (Unaudited)

June 30, 2013

Shares			Value
		Common Stocks — 96.6%
		Consumer Discretionary — 13.9%
	6,250	Comcast Corp., Class A	$	261,750
	11,080	D.R. Horton, Inc.		235,782
	13,380	Ford Motor Co.		206,989
	4,250	Home Depot, Inc./The		329,247
	6,480	Jarden Corp. *		283,500
	7,066	Lions Gate Entertainment Corp. *		194,103
	3,950	TripAdvisor, Inc. *		240,436
	1,180	Tupperware Brands Corp.		91,674
	3,310	Viacom, Inc., Class B		225,246
	4,970	Walt Disney Co./The		313,855
				2,382,582
		Consumer Staples — 9.3%
	3,060	Colgate-Palmolive Co.		175,307
	4,090	Constellation Brands, Inc., Class A *		213,171
	3,540	Costco Wholesale Corp.		391,418
	1,760	Kimberly-Clark Corp.		170,966
	13,250	Kroger Co./The		457,655
	3,496	Whole Foods Market, Inc.		179,974
				1,588,491
		Energy — 6.3%
	3,390	Cheniere Energy, Inc. *		94,106
	1,280	Core Laboratories N.V.		194,125
	1,640	CVR Energy, Inc.		77,736
	3,580	Marathon Petroleum Corp.		254,395
	4,730	Targa Resources Corp.		304,281
	4,673	Valero Energy Corp.		162,480
				1,087,123
		Financials — 6.6%
	2,020	Berkshire Hathaway, Inc., Class B *		226,078
	730	BlackRock, Inc.		187,501

Shares			Value
		Financials — (continued)
	9,920	Blackstone Group LP	$	208,915
	1,270	Franklin Resources, Inc.		172,745
	4,010	Raymond James Financial, Inc.		172,350
	2,220	T. Rowe Price Group, Inc.		162,393
				1,129,982
		Health Care — 18.8%
	2,230	Biogen Idec, Inc. *		479,896
	6,350	Bristol-Myers Squibb Co.		283,781
	1,910	Cerner Corp. *		183,532
	7,900	Gilead Sciences, Inc. *		404,559
	4,510	HCA Holdings, Inc. *		162,631
	3,200	Illumina, Inc. (a) *		239,488
	11,400	Medicines Co./The *		350,664
	5,155	Merck & Co., Inc.		239,450
	4,920	Thermo Fisher Scientific, Inc.		416,380
	5,410	Valeant Pharmaceuticals International, Inc. *		465,693
				3,226,074
		Industrials — 7.6%
	852	3M Co.		93,166
	6,420	Air Lease Corp.		177,128
	8,200	Avis Budget Group, Inc. *		235,750
	2,440	Fortune Brands Home & Security, Inc.		94,526
	9,920	Hertz Global Holdings, Inc. *		246,016
	1,210	Honeywell International, Inc.		96,001
	4,400	Masco Corp.		85,756
	1,070	Union Pacific Corp.		165,080
	410	W.W. Grainger, Inc.		103,394
				1,296,817

See Notes which are an integral part of the Financial Statements.

4

Huntington VA Growth Fund

Portfolio of Investments (Unaudited) (continued)

June 30, 2013

Shares			Value
		Common Stocks — (continued)
		Information Technology — 29.6%
	2,377	Apple, Inc.	$	941,482
	8,750	Cisco Systems, Inc.		212,713
	11,190	eBay, Inc. *		578,747
	2,680	FleetCor Technologies, Inc. *		217,884
	990	Google, Inc., Class A *		871,566
	13,936	Intel Corp.		337,530
	3,040	LinkedIn Corp. *		542,032
	5,409	OpenTable, Inc. (a) *		345,906
	5,610	Oracle Corp.		172,339
	2,240	Visa, Inc., Class A		409,360
	13,914	Yahoo!, Inc. *		349,381
	1,770	Zillow, Inc., Class A (a) *		99,651
				5,078,591
		Materials — 4.5%
	4,070	International Paper Co.		180,342
	4,270	Packaging Corp. of America		209,059
	560	Sherwin-Williams Co./The		98,896
	3,960	Silica Holdings, Inc. (a)		82,289
	6,410	Worthington Industries, Inc.		203,261
				773,847
		Total Common Stocks (Cost $14,813,685)		16,563,507

Shares			Value
		Cash Equivalents — 3.6%
	615,020	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (b) (c)	$	615,020
		Total Cash Equivalents (Cost $615,020)		615,020
		Short-Term Securities Held as Collateral for Securities Lending — 3.6%
	608,349	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (c)		608,349
		Total Short-Term Securities Held as Collateral for Securities Lending (Cost $608,349)		608,349
		Total Investments (Cost $16,037,054) — 103.8%		17,786,876
		Liabilities in Excess of Other Assets — (3.8)%		(644,839	)
		Net Assets — 100.0%	$	17,142,037

(a) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $592,898.

(b) Investment in affiliate.

(c) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

See Notes which are an integral part of the Financial Statements.

5

Huntington VA Income Equity Fund

Portfolio of Investments Summary Table (Unaudited)

June 30, 2013

Asset Allocation	Percentage of Market Value
Energy		15.9	%
Financials		15.1	%
Information Technology		10.1	%
Industrials		10.0	%
Short-Term Securities Held as Collateral for Securities Lending		8.5	%
Health Care		8.0	%
Consumer Staples		7.1	%
Real Estate Investment Trusts		6.5	%
Consumer Discretionary		5.3	%
Utilities		5.1	%
Materials		4.1	%
Telecommunication Services		3.2	%
Cash1		1.1	%
Total		100.0	%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. Percentages in the table above, as of June 30, 2013, are based on total investments, which may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments Summary Table and the Portfolio of Investments are broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (Unaudited)

June 30, 2013

Shares			Value
		Common Stocks — 98.7%
		Consumer Discretionary — 5.7%
	7,100	Comcast Corp., Class A (a)	$	297,348
	18,900	Ford Motor Co. (a)		292,383
	13,000	Shaw Communications, Inc., Class B (b)		312,390
	8,900	Thomson Reuters Corp.		289,873
				1,191,994
		Consumer Staples — 7.8%
	8,300	Altria Group, Inc.		290,417
	8,400	ConAgra Foods, Inc.		293,412
	5,900	General Mills, Inc.		286,327
	3,000	Kimberly-Clark Corp.		291,420
	4,300	Unilever PLC ADR		173,935
	6,300	Walgreen Co. (a)		278,460
				1,613,971
		Energy — 17.4%
	6,800	BP PLC ADR		283,832
	2,800	Chevron Corp.		331,352
	2,600	China Petroleum & Chemical Corp. ADR		237,900
	5,500	ConocoPhillips		332,750
	6,100	Eni SpA ADR (b)		250,344
	5,600	Enterprise Products Partners LP (b)		348,040
	1,600	Exxon Mobil Corp.		144,560
	9,900	Marathon Oil Corp. (a)		342,342
	3,200	Occidental Petroleum Corp.		285,536
	4,300	Royal Dutch Shell PLC ADR		274,340
	5,900	Total SA ADR		287,330

Shares			Value
		Energy — (continued)
	5,700	TransCanada Corp.	$	245,727
	7,000	Valero Energy Corp. (a)		243,390
				3,607,443
		Financials — 16.5%
	5,300	Aflac, Inc.		308,036
	5,000	Bank of Montreal		290,150
	4,600	Bank of Nova Scotia		246,330
	14,400	Blackstone Group LP (a)		303,264
	3,700	Canadian Imperial Bank of Commerce (b)		262,626
	17,900	Fifth Third Bancorp		323,095
	5,500	HSBC Holdings PLC ADR		285,450
	6,400	JPMorgan Chase & Co.		337,856
	4,700	Royal Bank of Canada		274,057
	13,800	SLM Corp.		315,468
	4,200	Travelers Cos., Inc./The		335,664
	3,500	Wells Fargo & Co.		144,445
				3,426,441
		Health Care — 8.7%
	6,500	AbbVie, Inc. (a)		268,710
	5,500	AstraZeneca PLC ADR		260,150
	4,600	Cardinal Health, Inc.		217,120
	4,900	Eli Lilly & Co. (a)		240,688
	5,800	GlaxoSmithKline PLC ADR		289,826
	5,900	Merck & Co., Inc.		274,055
	9,100	Pfizer, Inc.		254,891
				1,805,440

See Notes which are an integral part of the Financial Statements.

6

Huntington VA Income Equity Fund

Portfolio of Investments (Unaudited) (continued)

June 30, 2013

Shares			Value
		Common Stocks — (continued)
		Industrials — 10.9%
	1,600	3M Co.	$	174,960
	13,300	ABB Ltd. ADR (b)		288,078
	3,400	Deere & Co.		276,250
	4,700	Eaton Corp. PLC (a)		309,307
	13,500	General Electric Co.		313,065
	3,700	Honeywell International, Inc.		293,558
	9,200	Koninklijke (Royal) Philips Electronics NV		250,148
	8,700	Waste Management, Inc.		350,871
				2,256,237
		Information Technology — 11.0%
	700	Apple, Inc. (a)		277,256
	7,800	CA, Inc.		223,314
	7,100	Canon, Inc. ADR		233,377
	12,900	Cisco Systems, Inc.		313,599
	14,500	Hewlett-Packard Co. (a)		359,600
	12,900	Intel Corp.		312,438
	7,600	Paychex, Inc. (b)		277,552
	8,100	Texas Instruments, Inc.		282,447
				2,279,583
		Materials — 4.5%
	3,600	Air Products & Chemicals, Inc.		329,652
	8,100	Dow Chemical Co./The		260,577
	5,200	Lyondellbasell Industries N.V. (a)		344,552
				934,781
		Real Estate Investment Trusts — 7.1%
	6,300	HCP, Inc.		286,272
	4,300	Health Care REIT, Inc.		288,229
	11,800	Hospitality Properties Trust		310,104
	13,600	Kimco Realty Corp.		291,448
	12,200	Mack-Cali Realty Corp.		298,778
				1,474,831
		Telecommunication Services — 3.5%
	7,000	AT&T, Inc.		247,800
	4,900	Verizon Communications, Inc.		246,666
	30,800	Windstream Corp. (b)		237,468
				731,934

Shares			Value
		Utilities — 5.6%
	4,200	Entergy Corp.	$	292,656
	7,500	FirstEnergy Corp.		280,050
	6,300	PG&E Corp.		288,099
	9,600	PPL Corp.		290,496
				1,151,301
		Total Common Stocks (Cost $18,222,318)		20,473,956
		Cash Equivalents — 1.2%
	252,736	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (c) (d)		252,736
		Total Cash Equivalents (Cost $252,736)		252,736
		Short-Term Securities Held as Collateral for Securities Lending — 9.3%
	1,922,580	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (d)		1,922,580
		Total Short-Term Securities Held as Collateral for Securities Lending (Cost $1,922,580)		1,922,580
		Total Investments (Cost $20,397,634) — 109.2%		22,649,272
		Liabilities in Excess of Other Assets —(9.2)%		(1,905,255	)
		Net Assets — 100.0%	$	20,744,017

(a) All or a portion of the security is held as collateral for written call options.

(b) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $1,892,164.

(c) Investment in affiliate.

(d) Rate disclosed is the seven day yield as of June 30, 2013.

ADR —American Depositary Receipt

See Notes which are an integral part of the Financial Statements.

7

Huntington VA International Equity Fund

Portfolio of Investments Summary Table (Unaudited)

June 30, 2013

Asset Allocation	Percentage of Market Value
United Kingdom		25.2	%
Japan		15.7	%
France		8.4	%
Cash1		7.9	%
Switzerland		7.9	%
Germany		6.7	%
Sweden		5.8	%
United States		5.3	%
Singapore		5.0	%
Hong Kong		2.1	%
Italy		1.9	%
Australia		1.7	%
Taiwan		1.7	%
China		1.6	%
Norway		1.2	%
Denmark		1.0	%
Spain		0.9	%
Total		100.0	%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. Percentages in the table above, as of June 30, 2013, are based on total investments, which may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments is broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (Unaudited)

June 30, 2013

Shares			Value
		Common Stocks — 91.7%
		Australia — 1.7%
		Financials — 1.7%
	26,000	Suncorp Group Ltd.	$	283,407
	10,000	Westpac Banking Corp.		264,094
				547,501
		China — 1.6%
		Information Technology — 1.6%
	11,000	Qihoo 360 Technology/Co. Ltd. ADR *		507,870
		Denmark — 1.0%
		Health Care — 1.0%
	2,100	Novo-Nordisk A/S ADR		325,437
		France — 8.3%
		Energy — 0.4%
	2,400	Total SA		117,165
		Financials — 5.3%
	38,509	AXA SA ADR		758,242
	12,347	BNP Paribas		674,605
	32,000	Credit Agricole SA*		275,035
				1,707,882

Shares			Value
		Health Care — 2.6%
	6,000	Sanofi-Aventis ADR	$	309,060
	5,000	Sanofi-Aventis		518,191
				827,251
				2,652,298
		Germany — 6.6%
		Financials — 1.5%
	3,400	Allianz SE		496,778
		Industrials — 3.7%
	17,200	GEA Group AG		609,640
	2,636	Siemens AG ADR		267,053
	3,000	Siemens AG		303,222
				1,179,915
		Materials — 1.4%
	5,100	BASF SE		455,598
				2,132,291
		Hong Kong — 2.1%
		Financials — 2.1%
	79,800	Wharf (Holdings) Ltd./The		670,827
		Italy — 1.9%
		Energy — 1.9%
	29,200	Eni SpA		599,774

See Notes which are an integral part of the Financial Statements.

8

Huntington VA International Equity Fund

Portfolio of Investments (Unaudited) (continued)

June 30, 2013

Shares			Value
		Common Stocks — (continued)
		Japan — 15.7%
		Consumer Discretionary — 3.8%
	18,110	Honda Motor Co. Ltd. ADR	$	674,597
	4,500	Toyota Motor Corp. ADR		542,970
				1,217,567
		Consumer Staples — 1.6%
	6,000	Unicharm Corp.		339,366
	3,700	Welcia Holdings Co. Ltd.		169,547
				508,913
		Financials — 2.6%
	18,000	Mitsubishi Estate Co. Ltd.		479,286
	7,700	Sumitomo Mitsui Financial Group, Inc.		353,229
				832,515
		Industrials — 4.2%
	46,000	KUBOTA Corp.		671,553
	12,500	Makita Corp.		675,505
				1,347,058
		Information Technology — 3.5%
	1,870	KEYENCE Corp.		596,718
	6,800	Murata Manufacturing Co. Ltd.		517,619
				1,114,337
				5,020,390
		Norway — 1.2%
		Materials — 1.2%
	96,000	Norsk Hydro ASA		383,089
		Singapore — 5.0%
		Financials — 1.8%
	46,600	DBS Group Holdings Ltd.		569,830
		Industrials — 1.5%
	60,300	Keppel Corp Ltd.		494,742
		Real Estate Investment Trusts — 0.0%
	12,060	Keppel REIT		12,321
		Telecommunication Services — 1.7%
	17,805	Singapore Telecommunications Ltd. ADR		528,808
				1,605,701
		Spain — 0.9%
		Financials — 0.9%
	43,234	Banco Santander SA ADR		279,724
		Sweden — 5.8%
		Consumer Discretionary — 1.7%
	16,600	Hennes & Mauritz AB		545,553
		Industrials — 1.9%
	46,300	Volvo AB		619,975
		Materials — 2.2%
	27,700	Svenska Cellulosa AB (SCA)		695,154
				1,860,682

Shares			Value
		Switzerland — 7.8%
		Financials — 1.6%
	5,600	ACE Ltd.	$	501,088
		Health Care — 4.3%
	9,000	Novartis AG		639,311
	10,590	Novartis AG ADR		748,819
				1,388,130
		Materials — 1.9%
	8,030	Syngenta AG ADR		625,216
				2,514,434
		Taiwan — 1.7%
		Information Technology — 1.7%
	29,077	Taiwan Semiconductor Manufacturing Co. Ltd. ADR		532,691
		United Kingdom — 25.1%
		Consumer Discretionary — 2.5%
	68,000	Greene King PLC		801,582
		Consumer Staples — 6.7%
	5,300	Diageo PLC ADR		609,235
	4,600	Reckitt Benckiser Group PLC		325,208
	118,400	Tesco PLC		596,817
	15,300	Unilever PLC		619,493
				2,150,753
		Financials — 5.7%
	190,000	Barclays PLC		804,708
	10,000	HSBC Holdings PLC ADR		519,000
	23,000	Standard Chartered PLC		499,217
				1,822,925
		Health Care — 2.9%
	6,200	AstraZeneca PLC ADR		293,260
	12,645	GlaxoSmithKline PLC ADR		631,871
				925,131
		Industrials — 2.2%
	41,900	Rolls-Royce Holdings PLC *		722,710
		Telecommunication Services — 3.3%
	107,000	BT Group PLC		503,223
	194,000	Vodafone Group PLC		554,307
				1,057,530
		Utilities — 1.8%
	8,514	SSE PLC ADR		197,610
	16,100	SSE PLC		372,961
				570,571
				8,051,202
		United States — 5.3%
		Energy — 2.6%
	5,500	Apache Corp.		461,065
	5,080	Schlumberger Ltd.		364,033
				825,098

See Notes which are an integral part of the Financial Statements.

9

Huntington VA International Equity Fund

Portfolio of Investments (Unaudited) (continued)

June 30, 2013

Shares			Value
		Financials — 1.5%
	10,000	Citigroup, Inc.	$	479,700
		Information Technology — 1.2%
	700	MasterCard, Inc., Class A		402,150
				1,706,948
		Total Common Stocks (Cost $24,664,596)		29,390,859
		Cash Equivalents — 7.9%
	2,532,948	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (a) (b)		2,532,948
		Total Cash Equivalents (Cost $2,532,948)		2,532,948
		Total Investments (Cost $27,197,544) — 99.6%		31,923,807
		Other Assets in Excess of Liabilities — 0.4%		128,167
		Net Assets — 100.0%	$	32,051,974

(a) Investment in affiliate.

(b) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

ADR —American Depositary Receipt

See Notes which are an integral part of the Financial Statements.

10

Huntington VA Mid Corp America Fund

Portfolio of Investments Summary Table (Unaudited)

June 30, 2013

Asset Allocation	Percentage of Market Value
Information Technology		18.9	%
Health Care		15.6	%
Industrials		13.9	%
Financials		13.9	%
Consumer Discretionary		8.5	%
Real Estate Investment Trusts		6.4	%
Energy		6.3	%
Materials		5.0	%
Short-Term Securities Held as Collateral for Securities Lending		4.7	%
Consumer Staples		3.3	%
Utilities		3.0	%
Telecommunication Services		0.4	%
Cash1		0.1	%
Total		100.0	%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. Percentages in the table above, as of June 30, 2013, are based on total investments, which may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments Summary Table and the Portfolio of Investments are broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (Unaudited)

June 30, 2013

Shares			Value
		Common Stocks — 100.0%
		Consumer Discretionary — 8.9%
	1,210	Advance Auto Parts, Inc.	$	98,216
	4,420	Bob Evans Farms, Inc.		207,652
	3,900	BorgWarner, Inc. *		335,985
	6,440	D.R. Horton, Inc.		137,043
	7,060	Iconix Brand Group, Inc. *		207,635
	4,530	Kohl’s Corp.		228,810
	7,668	Nordstrom, Inc.		459,620
	4,320	PetSmart, Inc.		289,397
	5,490	Ross Stores, Inc.		355,807
				2,320,165
		Consumer Staples — 3.5%
	4,800	Church & Dwight Co., Inc.		296,208
	4,570	Constellation Brands, Inc., Class A *		238,188
	8,100	Dr. Pepper Snapple Group, Inc.		372,033
				906,429
		Energy — 6.6%
	9,328	Chesapeake Energy Corp. (a)		190,105
	5,680	Helmerich & Payne, Inc.		354,716
	5,000	Murphy Oil Corp.		304,450
	6,028	Noble Energy, Inc.		361,921
	5,930	Oceaneering International, Inc.		428,146
	1,993	Unit Corp. *		84,862
				1,724,200
		Financials — 14.6%
	14,740	Brown & Brown, Inc.		475,218
	4,840	Community Bank System, Inc.		149,314

Shares			Value
		Financials — (continued)
	4,740	Cullen/Frost Bankers, Inc. (a)	$	316,490
	8,950	Discover Financial Services		426,378
	780	Everest Re Group Ltd.		100,043
	25,920	First Niagara Financial Group, Inc.		261,014
	3,800	Invesco Ltd.		120,840
	1,700	Jones Lang LaSalle, Inc.		154,938
	5,600	Montpelier Re Holdings Ltd.		140,056
	7,940	Principal Financial Group, Inc.		297,353
	5,930	Prosperity Bancshares, Inc.		307,115
	1,950	T. Rowe Price Group, Inc.		142,642
	8,060	Torchmark Corp.		525,028
	13,228	Unum Group		388,506
				3,804,935
		Health Care — 16.4%
	6,820	Actavis, Inc. *		860,820
	9,920	AmerisourceBergen Corp.		553,834
	7,030	Cepheid, Inc. (a) *		241,973
	2,540	Computer Programs & Systems, Inc.		124,816
	10,856	Life Technologies Corp. *		803,453
	21,100	Mylan, Inc. *		654,733
	2,800	Quest Diagnostics, Inc.		169,764
	9,510	St. Jude Medical, Inc.		433,941
	4,983	Thermo Fisher Scientific, Inc.		421,711
				4,265,045
		Industrials — 14.6%
	1,775	Alliant Techsystems, Inc.		146,136
	10,280	Babcock & Wilcox Co./The		308,708
	5,300	CNH Global NV *		220,798

See Notes which are an integral part of the Financial Statements.

11

Huntington VA Mid Corp America Fund

Portfolio of Investments (Unaudited) (continued)

June 30, 2013

Shares			Value
		Common Stocks — (continued)
		Industrials — (continued)
	2,800	Elbit Systems Ltd.	$	117,824
	1,650	Flowserve Corp.		89,116
	11,340	Jacobs Engineering Group, Inc. *		625,174
	9,400	John Bean Technologies Corp.		197,494
	10,418	Kennametal, Inc.		404,531
	3,020	Rockwell Automation, Inc.		251,083
	11,270	Rollins, Inc.		291,893
	3,700	Ryder System, Inc.		224,923
	2,010	Stericycle, Inc. *		221,964
	9,640	Timken Co.		542,539
	1,800	UniFirst Corp.		164,250
				3,806,433
		Information Technology — 19.9%
	10,920	Autodesk, Inc. *		370,625
	6,470	BMC Software, Inc. *		292,056
	5,460	Broadcom Corp., Class A		184,330
	7,110	Citrix Systems, Inc. *		428,946
	9,400	CTS Corp.		128,216
	5,805	Fidelity National Information Services, Inc.		248,686
	2,500	Fiserv, Inc. *		218,525
	1,810	FleetCor Technologies, Inc. *		147,153
	12,582	FLIR Systems, Inc.		339,336
	5,800	Harris Corp.		285,650
	4,830	j2 Global, Inc. (a)		205,323
	4,550	Molex, Inc.		133,497
	5,448	NCR Corp. *		179,729
	3,100	NetApp, Inc.		117,118
	8,700	NVIDIA Corp.		122,061
	19,720	ON Semiconductor Corp. *		159,338
	7,690	Paychex, Inc. (a)		280,839
	4,560	Progress Software Corp. *		104,926
	4,700	Seagate Technology PLC		210,701
	9,400	Synopsys, Inc. *		336,050
	3,600	Syntel, Inc. *		226,332
	8,868	Teradata Corp. *		445,440
				5,164,877
		Materials — 5.3%
	5,950	Albemarle Corp.		370,625
	3,200	AptarGroup, Inc.		176,672
	2,100	Ball Corp.		87,234
	9,500	FMC Corp.		580,070
	1,700	Silver Wheaton Corp.		33,439
	3,500	Sonoco Products Co.		120,995
				1,369,035
		Real Estate Investment Trusts — 6.7%
	4,660	EPR Properties (a)		234,258
	1,600	Federal Realty Investment Trust		165,888
	3,970	Highwoods Properties, Inc.		141,372

Shares			Value
		Real Estate Investment Trusts — (continued)
	2,100	Home Properties, Inc.	$	137,277
	18,400	Medical Properties Trust, Inc.		263,488
	2,300	Mid-America Apartment Communities, Inc.		155,871
	2,940	PS Business Parks, Inc.		212,180
	4,000	Rayonier, Inc.		221,560
	3,240	Sovran Self Storage, Inc.		209,920
				1,741,814
		Telecommunication Services — 0.4%
	3,200	TELUS Corp.		93,408
		Utilities — 3.1%
	11,240	CMS Energy Corp.		305,391
	1,240	DTE Energy Co.		83,092
	2,500	New Jersey Resources Corp.		103,825
	5,900	Portland General Electric Co.		180,481
	4,560	Xcel Energy, Inc.		129,230
				802,019
		Total Common Stocks (Cost $16,399,081)		25,998,360
		Cash Equivalents — 0.1%
	36,806	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (b) (c)		36,806
		Total Cash Equivalents (Cost $36,806)		36,806
		Short-Term Securities Held as Collateral for Securities Lending — 4.9%
	1,284,978	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (c)		1,284,978
		Total Short-Term Securities Held as Collateral for Securities Lending (Cost $1,284,978)		1,284,978
		Total Investments (Cost $17,720,865) — 105.0%		27,320,144
		Liabilities in Excess of Other Assets — (5.0)%		(1,310,635	)
		Net Assets — 100.0%	$	26,009,509

(a) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $1,256,524.

(b) Investment in affiliate.

(c) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

See Notes which are an integral part of the Financial Statements.

12

Huntington VA Real Strategies Fund

Portfolio of Investments Summary Table (Unaudited)

June 30, 2013

Asset Allocation	Percentage of Market Value
Energy		32.9	%
Short-Term Securities Held as Collateral for Securities Lending		18.2	%
Industrials		15.1	%
Materials		12.4	%
Real Estate Investments		5.5	%
Cash1		5.4	%
Exchange-Traded Funds		5.4	%
Closed-End Fund		2.0	%
Consumer Staples		2.0	%
Exchange-Traded Notes		1.1	%
Total		100.0	%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. Percentages in the table above, as of June 30, 2013, are based on total investments, which may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments Summary Table and the Portfolio of Investments are broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (Unaudited)

June 30, 2013

Shares			Value
		Common Stocks — 76.3%
		Consumer Staples — 2.4%
	1,260	Bunge Ltd.	$	89,170
		Energy — 40.3%
	7,400	Adaro Energy Tbk PT		29,600
	2,400	Cameco Corp. (a)		49,584
	2,300	Canadian Natural Resources Ltd.		64,998
	3,500	Canadian Oil Sands Ltd.		64,971
	3,000	Cheniere Energy, Inc. *		83,280
	3,870	Chesapeake Energy Corp. (a)		78,871
	3,200	Cosan Ltd.		51,712
	1,230	Enbridge, Inc.		51,746
	2,980	EnCana Corp.		50,481
	1,770	Enterprise Products Partners LP (a)		110,005
	1,700	Halliburton Co.		70,924
	1,100	Helmerich & Payne, Inc.		68,695
	1,389	Kinder Morgan, Inc.		52,993
	1,600	Magellan Midstream Partners LP (a)		87,200
	4,100	Natural Resource Partners LP (a)		84,337
	1,600	Sasol Ltd. ADR		69,296
	1,000	Schlumberger Ltd.		71,660
	2,500	Spectra Energy Corp.		86,150
	2,986	Statoil ASA ADR		61,780
	2,300	Suncor Energy, Inc.		67,827
	1,600	Tenaris SA ADR (a)		64,432
	1,100	Transocean Ltd.		52,745
				1,473,287
		Industrials — 18.4%
	1,110	AGCO Corp.		55,711
	900	Caterpillar, Inc.		74,241
	2,150	Chicago Bridge & Iron Co. NV		128,269
	880	Deere & Co.		71,500

Shares			Value
		Industrials — (continued)
	1,510	GATX Corp.	$	71,619
	3,110	Harsco Corp.		72,121
	1,300	Joy Global, Inc.		63,089
	440	Lindsay Corp.		32,991
	3,500	Primoris Services Corp.		69,020
	250	Valmont Industries, Inc.		35,773
				674,334
		Materials — 15.2%
	750	Agrium, Inc. (a)		65,220
	1,800	Barrick Gold Corp.		28,332
	600	BHP Billiton Ltd. ADR (a)		34,596
	1,200	Freeport-McMoRan Copper & Gold, Inc. (b)		33,132
	2,600	Olin Corp.		62,192
	690	Praxair, Inc.		79,460
	1,280	Rio Tinto PLC ADR (a)		52,582
	4,100	Stillwater Mining Co. *		44,034
	800	Syngenta AG ADR		62,288
	300	Terra Nitrogen Co. LP (a)		64,197
	2,200	Vale SA ADR (a)		28,930
				554,963
		Total Common Stocks (Cost $2,812,434)		2,791,754
		Exchange-Traded Funds — 6.6%
	4,870	iShares Silver Trust (a) *		92,384
	3,200	Market Vectors Junior Gold Miners Fund ETF		29,312
	1,400	Market Vectors Oil Services ETF (a)		59,892
	2,400	PowerShares DB Agriculture Fund *		59,784
		Total Exchange-Traded Funds (Cost $361,276)		241,372

See Notes which are an integral part of the Financial Statements.

13

Huntington VA Real Strategies Fund

Portfolio of Investments (Unaudited) (continued)

June 30, 2013

Shares			Value
		Real Estate Investments (c) (d) (e) — 6.7%
		Discount Retail Portfolio II DST	$	48,329
		Grocery & Pharmacy DST		52,582
		New York Power DST		45,382
		Scotts Gahanna LLC (f)		53,597
		Winston-Salem DST		45,213
		Total Real Estate Investments (Cost $256,000)		245,103
		Closed-End Fund — 2.5%
	6,740	Central Fund of Canada Ltd., Class A		91,664
		Total Closed-End Fund (Cost $107,538)		91,664
		Exchange-Traded Notes — 1.3%
	1,800	iPath Dow Jones-UBS Livestock Sub-Index Total Return ETN *		48,834
		Total Exchange-Traded Notes (Cost $51,656)		48,834
		Cash Equivalents — 6.6%
	242,351	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (f) (g)		242,351
		Total Cash Equivalents (Cost $242,351)		242,351

Shares			Value
		Short-Term Securities Held as Collateral for Securities Lending — 22.3%
	815,606	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (g)	$	815,606
		Total Short-Term Securities Held as Collateral for Securities Lending (Cost $815,606)		815,606
		Total Investments (Cost $4,646,861) — 122.3%		4,476,684
		Liabilities in Excess of Other Assets — (22.3)%		(815,616	)
		Net Assets — 100.0%	$	3,661,068

(a) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $804,461.

(b) All or a portion of the security is held as collateral for written call options.

(c) Illiquid security.

(d) Security is currently being valued according to the fair value procedures approved by the Pricing Committee.

(e) Investments do not offer shares. Fair value represents direct ownership of Real Estate.

(f) Investment in affiliate.

(g) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

ADR	— American Depositary Receipt
DST	— Delaware Statutory Trust
ETF	— Exchange-Traded Fund
ETN	— Exchange-Traded Note

See Notes which are an integral part of the Financial Statements.

14

Huntington VA Rotating Markets Fund

Portfolio of Investments Summary Table (Unaudited)

June 30, 2013

Asset Allocation	Percentage of Market Value
Industrials		17.6	%
Information Technology		13.3	%
Consumer Discretionary		12.0	%
Financials		11.7	%
Health Care		10.1	%
Real Estate Investment Trusts		9.2	%
Materials		7.2	%
Energy		5.6	%
Utilities		4.5	%
Consumer Staples		3.8	%
Short-Term Securities Held as Collateral for Securities Lending		2.3	%
Cash1		1.3	%
Exchange-Traded Funds		0.7	%
Telecommunication Services		0.7	%
Total		100.0	%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. Percentages in the table above, as of June 30, 2013, are based on total investments, which may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments Summary Table and the Portfolio of Investments are broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (Unaudited)

June 30, 2013

Shares			Value
		Common Stocks — 98.0%
		Consumer Discretionary — 12.3%
	600	Aaron’s, Inc.	$	16,806
	400	Advance Auto Parts, Inc.		32,468
	1,000	American Eagle Outfitters, Inc.		18,260
	1,000	Chico’s FAS, Inc.		17,060
	600	Cinemark Holdings, Inc.		16,752
	600	Dick’s Sporting Goods, Inc.		30,036
	800	Foot Locker, Inc.		28,104
	900	Gentex Corp.		20,745
	600	Hanesbrands, Inc.		30,852
	600	Jarden Corp. *		26,250
	400	John Wiley & Sons, Inc., Class A		16,036
	400	Lamar Advertising Co., Class A *		17,360
	800	Life Time Fitness, Inc. *		40,088
	1,500	LKQ Corp. *		38,625
	300	Mohawk Industries, Inc. *		33,747
	200	Panera Bread Co., Class A *		37,188
	400	Polaris Industries, Inc.		38,000
	454	PVH Corp.		56,773
	87	Sears Canada, Inc. *		860
	1,300	Service Corp. International		23,439
	500	Signet Jewelers Ltd.		33,715
	600	Sotheby’s		22,746
	800	Toll Brothers, Inc. *		26,104
	300	Tractor Supply Co.		35,283
	300	Tupperware Brands Corp.		23,307
	500	Under Armour, Inc., Class A *		29,855
	600	Williams-Sonoma, Inc.		33,534
				743,993

Shares			Value
		Consumer Staples — 3.9%
	600	Church & Dwight Co., Inc.	$	37,026
	400	Energizer Holdings, Inc.		40,204
	975	Green Mountain Coffee Roasters, Inc. (a) *		73,183
	700	Hillshire Brands Co.		23,156
	400	Ingredion, Inc.		26,248
	1,000	Smithfield Foods, Inc. *		32,750
				232,567
		Energy — 5.7%
	500	Cimarex Energy Co.		32,495
	400	Dresser-Rand Group, Inc. *		23,992
	300	Dril-Quip, Inc. *		27,087
	500	Energen Corp.		26,130
	1,000	HollyFrontier Corp.		42,780
	600	Oceaneering International, Inc.		43,320
	400	Oil States International, Inc. *		37,056
	1,000	Patterson-UTI Energy, Inc.		19,355
	400	Rosetta Resources, Inc. *		17,008
	400	SM Energy Co. *		23,992
	1,000	Superior Energy Services, Inc. *		25,940
	600	World Fuel Services Corp.		23,988
				343,143
		Financials — 12.0%
	300	Affiliated Managers Group, Inc. *		49,182
	100	Alleghany Corp. *		38,331
	500	Arthur J Gallagher & Co.		21,845
	600	Brown & Brown, Inc.		19,344
	500	CBOE Holdings, Inc.		23,320
	400	City National Corp.		25,348

See Notes which are an integral part of the Financial Statements.

15

Huntington VA Rotating Markets Fund

Portfolio of Investments (Unaudited) (continued)

June 30, 2013

Shares			Value
		Common Stocks — (continued)
		Financials — (continued)
	500	Commerce Bancshares, Inc.	$	21,780
	600	Eaton Vance Corp.		22,554
	300	Everest Re Group Ltd.		38,478
	700	Federated Investors, Inc., Class B (a)		19,187
	1,100	Fidelity National Financial, Inc., Class A		26,191
	2,500	First Niagara Financial Group, Inc.		25,175
	1,800	Fulton Financial Corp.		20,664
	700	Hancock Holding Co.		21,049
	500	HCC Insurance Holdings, Inc.		21,555
	200	Jones Lang LaSalle, Inc.		18,228
	800	Kemper Corp.		27,400
	800	MSCI, Inc., Class A *		26,616
	1,400	Old Republic International Corp.		18,018
	2,300	Protective Life Corp.		88,343
	600	Raymond James Financial, Inc.		25,788
	400	Reinsurance Group of America, Inc.		27,644
	700	SEI Investments Co.		19,901
	1,200	TCF Financial Corp.		17,016
	1,800	Valley National Bancorp (a)		17,046
	500	Waddell & Reed Financial, Inc., Class A		21,750
	500	WR Berkley Corp.		20,430
				722,183
		Health Care — 10.4%
	500	Community Health Systems, Inc. *		23,440
	300	Cooper Cos., Inc./The		35,715
	300	Covance, Inc. *		22,842
	800	Endo Pharmaceuticals Holdings, Inc. *		29,432
	1,600	Health Management Associates, Inc. *		25,152
	475	Henry Schein, Inc. *		45,481
	600	Hill-Rom Holdings, Inc.		20,208
	600	HMS Holdings Corp. *		13,980
	1,600	Hologic, Inc. *		30,880
	300	IDEXX Laboratories, Inc. *		26,934
	200	Mednax, Inc. *		18,316
	200	Mettler-Toledo International, Inc. *		40,240
	500	Omnicare, Inc.		23,855
	400	Regeneron Pharmaceuticals, Inc. *		89,952
	700	ResMed, Inc. (a)		31,591
	300	Techne Corp.		20,724
	400	Universal Health Services, Inc., Class B		26,784
	1,035	Vertex Pharmaceuticals, Inc. *		82,665
	300	WellCare Health Plans, Inc. *		16,665
				624,856
		Industrials — 18.0%
	700	AECOM Technology Corp. *		22,253
	600	AGCO Corp.		30,114
	400	Alaska Air Group, Inc. *		20,800
	1,100	AMETEK, Inc.		46,530
	600	BE Aerospace, Inc. *		37,848
	300	Carlisle Cos., Inc.		18,693

Shares			Value
		Industrials — (continued)
	51	Chicago Bridge & Iron Co. NV	$	3,043
	400	Clean Harbors, Inc. *		20,212
	500	Copart, Inc. *		15,400
	586	Corrections Corp. of America		19,848
	300	Crane Co.		17,976
	700	Donaldson Co., Inc.		24,962
	300	Esterline Technologies Corp. *		21,687
	800	Fortune Brands Home & Security, Inc.		30,992
	300	Gardner Denver, Inc.		22,554
	500	GATX Corp.		23,715
	500	General Cable Corp.		15,375
	300	Genesee & Wyoming, Inc., Class A *		25,452
	400	Graco, Inc.		25,284
	300	Hubbell, Inc., Class B		29,700
	500	IDEX Corp.		26,905
	500	JB Hunt Transport Services, Inc.		36,120
	600	Kansas City Southern		63,576
	800	KBR, Inc.		26,000
	500	Kennametal, Inc.		19,415
	400	Kirby Corp. *		31,816
	300	Lennox International, Inc.		19,362
	400	Lincoln Electric Holdings, Inc.		22,908
	500	Manpower, Inc.		27,400
	300	MSC Industrial Direct Co., Inc., Class A		23,238
	300	Nordson Corp.		20,793
	500	Oshkosh Corp. *		18,985
	200	Regal-Beloit Corp.		12,968
	400	SPX Corp.		28,792
	600	Terex Corp. *		15,780
	400	Timken Co.		22,512
	500	Towers Watson & Co., Class A		40,970
	600	Trinity Industries, Inc.		23,064
	300	Triumph Group, Inc.		23,745
	500	United Rentals, Inc. *		24,955
	400	URS Corp.		18,888
	100	Valmont Industries, Inc.		14,309
	600	Wabtec Corp.		32,058
	500	Woodward, Inc.		20,000
				1,086,997
		Information Technology — 13.6%
	300	Alliance Data Systems Corp. *		54,309
	500	ANSYS, Inc. *		36,550
	900	Arrow Electronics, Inc. *		35,865
	2,700	Atmel Corp. *		19,845
	900	Avnet, Inc. *		30,240
	1,500	Cadence Design Systems, Inc. *		21,720
	1,500	Compuware Corp.		15,525
	300	Concur Technologies, Inc. (a) *		24,414
	700	Cree, Inc. *		44,702
	200	Equinix, Inc. *		36,944
	300	Factset Research Systems, Inc.		30,582
	500	Gartner, Inc. *		28,495
	500	Global Payments, Inc.		23,160
	600	Informatica Corp. *		20,988
	1,600	Ingram Micro, Inc., Class A *		30,384
	400	Jack Henry & Associates, Inc.		18,852

See Notes which are an integral part of the Financial Statements.

16

Huntington VA Rotating Markets Fund

Portfolio of Investments (Unaudited) (continued)

June 30, 2013

Shares			Value
		Common Stocks — (continued)
		Information Technology — (continued)
	600	MICROS Systems, Inc. *	$	25,890
	900	National Instruments Corp.		25,146
	900	NCR Corp. *		29,691
	800	PTC, Inc. *		19,624
	500	Rackspace Hosting, Inc. *		18,945
	1,000	Riverbed Technology, Inc. *		15,560
	700	Semtech Corp. *		24,521
	1,100	Skyworks Solutions, Inc. *		24,079
	300	SolarWinds, Inc. *		11,643
	400	Solera Holdings, Inc.		22,260
	900	Synopsys, Inc. *		32,175
	400	Tech Data Corp. *		18,836
	1,000	TIBCO Software, Inc. *		21,400
	1,200	Trimble Navigation Ltd. *		31,212
	600	VeriFone Systems, Inc. *		10,086
	400	Zebra Technologies Corp., Class A *		17,376
				821,019
		Materials — 7.4%
	500	Albemarle Corp.		31,145
	500	AptarGroup, Inc.		27,605
	500	Ashland, Inc.		41,750
	500	Carpenter Technology Corp.		22,535
	1,000	Commercial Metals Co.		14,770
	300	Cytec Industries, Inc.		21,975
	300	Domtar Corp.		19,950
	5	Freeport-McMoRan Copper & Gold, Inc.		138
	300	Martin Marietta Materials, Inc.		29,526
	100	NewMarket Corp.		26,256
	500	Packaging Corp. of America		24,480
	400	Reliance Steel & Aluminum Co.		26,224
	400	Rock-Tenn Co., Class A		39,952
	300	Royal Gold, Inc.		12,624
	600	RPM International, Inc.		19,164
	500	Sensient Technologies Corp.		20,235
	600	Sonoco Products Co.		20,742
	1,400	Steel Dynamics, Inc.		20,874
	400	Valspar Corp.		25,868
				445,813
		Real Estate Investment Trusts — 9.4%
	400	Alexandria Real Estate Equities, Inc.		26,288
	600	American Campus Communities, Inc.		24,396
	3,300	BioMed Realty Trust, Inc.		66,759
	300	Camden Property Trust		20,742
	2,000	Duke Realty Corp.		31,180
	200	Essex Property Trust, Inc.		31,784
	500	Extra Space Storage, Inc.		20,965
	400	Federal Realty Investment Trust		41,472
	300	Home Properties, Inc.		19,611
	700	Hospitality Properties Trust		18,396
	600	Liberty Property Trust		22,176
	500	Macerich Co./The		30,485
	700	Rayonier, Inc.		38,773
	1,000	Realty Income Corp.		41,920
	500	Regency Centers Corp.		25,405

Shares			Value
	800	Senior Housing Properties Trust	$	20,744
	300	Taubman Centers, Inc.		22,545
	1,700	UDR, Inc.		43,333
	600	Weingarten Realty Investors (a)		18,462
				565,436
		Telecommunication Services — 0.7%
	800	Telephone & Data Systems, Inc.		19,720
	900	TW Telecom, Inc. *		25,326
				45,046
		Utilities — 4.6%
	700	Aqua America, Inc.		21,903
	500	Atmos Energy Corp.		20,530
	400	Black Hills Corp.		19,500
	400	IDACORP, Inc.		19,104
	500	National Fuel Gas Co.		28,975
	1,300	NV Energy, Inc.		30,498
	500	OGE Energy Corp.		34,100
	1,000	Questar Corp.		23,850
	600	UGI Corp.		23,466
	900	Vectren Corp.		30,447
	800	Westar Energy, Inc.		25,568
				277,941
		Total Common Stocks (Cost $5,642,263)		5,908,994
		Exchange-Traded Funds — 0.8%
	220	SPDR S&P MidCap 400 ETF Trust		46,284
		Total Exchange-Traded Funds (Cost $44,147)		46,284
		Cash Equivalents —1.3%
	77,319	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (b) (c)		77,319
		Total Cash Equivalents (Cost $77,319)		77,319
		Short-Term Securities Held as Collateral for Securities Lending — 2.4%
	143,255	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (c)		143,255
		Total Short-Term Securities Held as Collateral for Securities Lending (Cost $143,255)		143,255
		Total Investments (Cost $5,906,984) — 102.5%		6,175,852
		Liabilities in Excess of Other Assets — (2.5)%		(147,909	)
		Net Assets — 100.0%	$	6,027,943

(a) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $140,579.

(b) Investment in affiliate.

(c) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

See Notes which are an integral part of the Financial Statements.

17

Huntington VA Situs Fund

Portfolio of Investments Summary Table (Unaudited)

June 30, 2013

Asset Allocation	Percentage of Market Value
Information Technology		19.7	%
Industrials		14.4	%
Consumer Discretionary		12.4	%
Financials		12.0	%
Short-Term Securities Held as Collateral for Securities Lending		11.2	%
Materials		10.4	%
Health Care		9.7	%
Consumer Staples		2.7	%
Energy		2.5	%
Cash1		2.4	%
Utilities		1.2	%
Real Estate Investment Trusts		1.0	%
Telecommunication Services		0.2	%
Exchange-Traded Funds		0.2	%
Total		100.0	%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. Percentages in the table above, as of June 30, 2013, are based on total investments, which may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

The Portfolio of Investments Summary Table and the Portfolio of Investments are broken down by sectors, and these sectors do not represent industry categories for purposes of identifying “industry concentration” as described in the Investment Company Act of 1940, as amended.

Portfolio of Investments (Unaudited)

June 30, 2013

Shares			Value
		Common Stocks — 97.1%
		Bermuda — 1.7%
		Financials — 1.7%
	17,750	Arch Capital Group Ltd. *	$	912,527
		Brazil — 0.1%
		Consumer Staples — 0.1%
	1,000	Cia Brasileira de Distribuicao Grupo Pao de Acucar ADR		45,460
		Chile — 0.1%
		Materials — 0.1%
	800	Sociedad Quimica y Minera de Chile SA ADR		32,320
		Finland — 0.7%
		Industrials — 0.7%
	2,000	Cargotec Oyj		53,524
	4,200	Kone Oyj		333,759
				387,283
		Germany — 0.1%
		Health Care — 0.1%
	1,900	Stada Arzneimittel AG (a)		81,787
		Hong Kong — 0.2%
		Consumer Discretionary — 0.2%
	13,000	Television Broadcasts Ltd.		89,337
		Ireland — 0.3%
		Consumer Staples — 0.3%
	3,500	Kerry Group PLC		193,166
		Japan — 0.5%
		Consumer Discretionary — 0.2%
	2,000	Honda Motor Co. Ltd. ADR		74,500

Shares			Value
		Japan — (continued)
		Industrials — 0.1%
	3,500	Sato Corp.	$	65,317
		Information Technology — 0.2%
	14,800	Furuno Electric Co. Ltd.		111,315
				251,132
		Sweden — 0.1%
		Consumer Discretionary — 0.1%
	4,800	Haldex AB		32,710
		Switzerland — 0.1%
		Consumer Discretionary — 0.1%
	2,000	Garmin Ltd. (a)		72,320
		United Kingdom — 0.4%
		Industrials — 0.4%
	4,800	Concentric AB		47,597
	26,424	HALMA PLC		202,365
				249,962
		United States — 92.8%
		Consumer Discretionary — 13.5%
	55,000	Cabela’s, Inc., Class A (b) *		3,561,800
	2,500	Papa John’s International, Inc. *		163,425
	2,000	Rent-A-Center, Inc.		75,100
	25,000	Sonic Corp. *		364,000
	17,000	Sturm Ruger & Co., Inc. (a) (b)		816,680
	15,000	Tempur-Pedic International, Inc. *		658,500
	10,000	Tractor Supply Co.		1,176,100
	15,000	Urban Outfitters, Inc. *		603,300
				7,418,905

See Notes which are an integral part of the Financial Statements.

18

Huntington VA Situs Fund

Portfolio of Investments (Unaudited) (continued)

June 30, 2013

Shares			Value
		Common Stocks (continued)
		United States — (continued)
		Consumer Staples — 2.6%
	10,700	Darling International, Inc. *	$	199,662
	15,100	Fresh Del Monte Produce, Inc.		420,988
	12,000	Sanderson Farms, Inc.		797,040
				1,417,690
		Energy — 2.8%
	3,000	Atwood Oceanics, Inc. *		156,150
	12,000	CARBO Ceramics, Inc. (a)		809,160
	7,000	Denbury Resources, Inc. *		121,240
	700	Dril-Quip, Inc. *		63,203
	9,660	Halcon Resources Corp. (a) *		54,772
	1,744	Helix Energy Solutions Group, Inc.*		40,182
	5,000	SM Energy Co. *		299,900
				1,544,607
		Financials — 11.9%
	29,000	Cullen/Frost Bankers, Inc. (a)		1,936,330
	25,000	Evercore Partners, Inc.		982,000
	1,200	EZCORP, Inc., Class A *		20,256
	20,000	International Bancshares Corp.		451,600
	35,000	Janus Capital Group, Inc.		297,850
	15,000	Protective Life Corp.		576,150
	45,000	Raymond James Financial, Inc. (b)		1,934,100
	5,000	SCBT Financial Corp.		251,950
	1,500	WSFS Financial Corp.		78,585
				6,528,821
		Health Care — 10.7%
	10,000	Abaxis, Inc. *		475,100
	30,000	AmSurg Corp. *		1,053,000
	40,000	Arena Pharmaceuticals, Inc. (a) *		308,000
	650	Bio-Rad Laboratories, Inc., Class A *		72,930
	20,000	Cerner Corp. (b) *		1,921,800
	15,000	Edwards LifeSciences Corp. *		1,008,000
	3,000	Healthways, Inc. *		52,140
	3,000	Kindred Healthcare, Inc. *		39,390
	5,000	Merit Medical Systems, Inc. *		55,750
	32,000	Myriad Genetics, Inc. *		859,840
	7,000	Osiris Therapeutics, Inc. (a) *		70,490
	1	PharMerica Corp. *		14
				5,916,454
		Industrials — 15.0%
	1,000	American Superconductor Corp. *		2,640
	5,000	BE Aerospace, Inc. *		315,400
	20,000	EnPro Industries, Inc. *		1,015,200
	51,000	Flowserve Corp.		2,754,510
	20,000	Harsco Corp.		463,800
	10,000	Lindsay Corp.		749,800
	2,000	Mine Safety Appliances Co.		93,100
	10,000	Quanta Services, Inc. *		264,600
	1,000	Ryder System, Inc.		60,790
	45,000	Trinity Industries, Inc. (b)		1,729,800
	15,000	Watts Water Technologies, Inc., Class A		680,100
	5,000	Werner Enterprises, Inc.		120,850
				8,250,590

Shares			Value
		United States — (continued)
		Information Technology — 22.0%
	20,000	3D Systems Corp. (a) *	$	878,000
	13,000	ACI Worldwide, Inc. *		604,240
	20,000	Anixter International, Inc. *		1,516,200
	20,000	Cardtronics, Inc. *		552,000
	25,000	Diodes, Inc. *		649,250
	3,000	Exlservice Holdings, Inc. *		88,680
	46,000	Geospace Technologies Corp. (b) *		3,177,680
	3,000	Hutchinson Technology, Inc. *		14,190
	45,000	Jabil Circuit, Inc.		917,100
	25,000	Red Hat, Inc. *		1,195,500
	8,000	ScanSource, Inc. *		256,000
	56,000	Trimble Navigation Ltd. *		1,456,560
	10,000	TriQuint Semiconductor, Inc. *		69,300
	10,500	Tyler Technologies, Inc. *		719,775
				12,094,475
		Materials — 11.6%
	10,000	Albemarle Corp.		622,900
	20,500	Eagle Materials, Inc.		1,358,535
	10,000	Eastman Chemical Co.		700,100
	9,000	Owens-Illinois, Inc. *		250,110
	20,000	Quaker Chemical Corp.		1,240,200
	10,800	Scotts Miracle-Gro Co., Class A (a)		521,748
	5,000	Terra Nitrogen Co. LP (a)		1,069,950
	8,000	Texas Industries, Inc. (a) *		521,120
	2,500	United States Lime & Minerals, Inc.*		130,625
				6,415,288
		Real Estate Investment Trusts — 1.1%
	3,500	Camden Property Trust		241,990
	1,064	CBL & Associates Properties, Inc.		22,791
	8,500	Equity One, Inc.		192,355
	5,000	Weingarten Realty Investors (a)		153,850
				610,986
		Telecommunication Services — 0.2%
	15,000	General Communication, Inc., Class A *		117,450
		Utilities — 1.4%
	1,000	AGL Resources, Inc.		42,860
	5,000	Hawaiian Electric Industries, Inc.		126,550
	10,000	Portland General Electric Co.		305,900
	7,500	UGI Corp.		293,325
				768,635
				51,083,901
		Total Common Stocks (Cost $39,085,891)		53,431,905
		Exchange-Traded Funds —  0.2%
	3,500	iShares FTSE China 25 Index Fund		113,820
		Total Exchange-Traded Funds (Cost $89,145)		113,820

See Notes which are an integral part of the Financial Statements.

19

Huntington VA Situs Fund

Portfolio of Investments (Unaudited) (continued)

June 30, 2013

Shares			Value
		Cash Equivalents — 2.7%
	1,482,949	Huntington U.S. Treasury Money Market Fund, Trust Shares, 0.050% (c) (d)	$	1,482,949
		Total Cash Equivalents (Cost $1,482,949)		1,482,949
		Short-Term Securities Held as Collateral for Securities Lending — 12.6%
	6,948,068	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (d)		6,948,068
		Total Short-Term Securities Held as Collateral for Securities Lending (Cost $6,948,068)		6,948,068

	Value
Total Investments (Cost $47,606,053) — 112.6%	$	61,976,742
Liabilities in Excess of Other Assets — (12.6)%		(6,933,869	)
Net Assets — 100.0%	$	55,042,873

(a) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $6,764,794.

(b) All or a portion of the security is held as collateral for written call options.

(c) Investment in affiliate.

(d) Rate disclosed is the seven day yield as of June 30, 2013.

* Non-income producing security.

ADR —American Depositary Receipt

See Notes which are an integral part of the Financial Statements.

20

Huntington VA Mortgage Securities Fund

Portfolio of Investments Summary Table (Unaudited)

June 30, 2013

Asset Allocation	Percentage of Market Value
U.S. Government Mortgage Backed Agencies		65.3	%
U.S. Government Agencies		18.0	%
Common Stocks		12.7	%
Cash1		2.5	%
Collateralized Mortgage Obligations		1.0	%
Short-Term Securities Held as Collateral for Securities Lending		0.5	%
Total		100.0	%

¹  Investments in an affiliated money market fund.

Portfolio holdings and allocations are subject to change. Percentages in the table above, as of June 30, 2013, are based on total investments, which may differ from the percentages set forth below in the Portfolio of Investments which are computed using the Fund’s total net assets.

Portfolio of Investments (Unaudited)

June 30, 2013

Principal Amount			Value
		U.S. Government Mortgage Backed Agencies — 65.6%
		Federal Home Loan Mortgage Corporation — 14.8%
$	3,439	Pool # B18052, 4.500%, 3/1/15	$	3,666
	9,500	Pool # J03237, 5.500%, 8/1/16		10,080
	5,722	Pool # E96459, 5.000%, 5/1/18		6,048
	40,180	Pool # J10396, 4.000%, 7/1/19		42,493
	5,634	Pool # G18008, 4.500%, 9/1/19		5,927
	2,996	Pool # G18015, 4.500%, 10/1/19		3,152
	25,946	Pool # G12286, 5.000%, 7/1/21		27,792
	22,362	Pool # G12297, 6.000%, 7/1/21		24,463
	23,053	Pool # G12425, 5.500%, 10/1/21		24,960
	38,746	Pool # E02402, 6.000%, 10/1/22		42,735
	17,952	Pool # C90779, 5.000%, 1/1/24		19,159
	6,695	Pool # C90837, 5.500%, 6/1/24		7,261
	59,739	Pool # G13629, 4.500%, 8/1/24		62,977
	56,817	Pool # J11053, 4.500%, 10/1/24		59,822
	138,602	Pool # J11829, 4.000%, 3/1/25		147,400
	66,879	Pool # E02696, 4.000%, 5/1/25		70,161
	14,140	Pool # C91000, 6.000%, 11/1/26		15,379
	138,920	Pool # D97248, 5.500%, 4/1/27		150,019
	32,347	Pool # C91175, 5.000%, 5/1/28		34,522
	78,156	Pool # C91251, 4.500%, 6/1/29		83,239
	115,102	Pool # C91284, 4.500%, 1/1/30		121,852
	142,539	Pool # C91296, 5.000%, 4/1/30		152,194
	342,042	Pool # C91413, 3.500%, 12/1/31		352,356
	222,376	Pool # C91441, 3.000%, 4/1/32		225,317
	276,519	Pool # C91484, 3.000%, 8/1/32		280,223
	20,308	Pool # 1G0865, 2.703%, 7/1/35 (a)		21,658
	31,960	Pool # A55565, 6.000%, 12/1/36		34,711
	35,926	Pool # G03498, 5.500%, 11/1/37		38,596
	157,132	Pool # A93316, 4.500%, 8/1/40		165,603
	156,618	Pool # A93936, 4.500%, 9/1/40		165,061
	232,431	Pool # A94008, 4.000%, 9/1/40		241,845
	195,675	Pool # G06784, 3.500%, 10/1/41		198,476
				2,839,147

Principal Amount			Value
		Federal National Mortgage Association — 39.8%
	$    71,021	Pool # 786729, 5.500%, 8/1/19	$	76,671
	287,946	Pool # MA0670, 3.500%, 3/1/21		301,061
	272,799	Pool # MA0740, 3.500%, 5/1/21		285,733
	35,882	Pool # 254501, 5.500%, 9/1/22		38,916
	136,138	Pool # 962070, 4.000%, 3/1/23		143,938
	55,122	Pool # 889255, 5.000%, 3/1/23		59,073
	5,435	Pool # 254908, 5.000%, 9/1/23		5,846
	3,522	Pool # 255360, 5.000%, 8/1/24		3,820
	114,710	Pool # 935763, 4.000%, 11/1/24		122,847
	176,716	Pool # 932438, 4.000%, 1/1/25		186,727
	16,838	Pool # 255711, 5.500%, 4/1/25		18,444
	10,581	Pool # 357771, 5.000%, 5/1/25		11,467
	15,537	Pool # 255745, 5.500%, 5/1/25		17,015
	29,553	Pool # 255834, 4.500%, 6/1/25		31,734
	14,396	Pool # 255767, 5.500%, 6/1/25		15,771
	10,279	Pool # 255808, 5.000%, 7/1/25		11,141
	33,462	Pool # 255984, 4.500%, 11/1/25		35,844
	15,390	Pool # 256116, 6.000%, 2/1/26		16,804
	238,426	Pool # AL0238, 3.500%, 3/1/26		248,472
	527,752	Pool # AH9631, 3.000%, 4/1/27		543,559
	35,717	Pool # 257163, 5.000%, 4/1/28		38,641
	88,345	Pool # 257237, 4.500%, 6/1/28		94,255
	26,643	Pool # 257238, 5.000%, 6/1/28		28,828
	85,800	Pool # MA0022, 4.500%, 4/1/29		91,415
	76,755	Pool # MA0115, 4.500%, 7/1/29		81,324
	221,390	Pool # MA0121, 4.000%, 7/1/29		231,949
	162,110	Pool # AC1219, 4.500%, 8/1/29		175,521
	73,200	Pool # MA0171, 4.500%, 9/1/29		77,584
	180,437	Pool # MA0443, 5.000%, 5/1/30		196,002
	109,614	Pool # MA0563, 4.000%, 11/1/30		114,317
	186,027	Pool # MA0776, 4.500%, 6/1/31		199,162
	143,572	Pool # MA0804, 4.000%, 7/1/31		149,917
	217,982	Pool # MA0976, 3.500%, 2/1/32		224,728
	434,030	Pool # AB4713, 3.000%, 3/1/32		438,504
	195,606	Pool # MA1084, 3.500%, 6/1/32		201,485
	485,565	Pool # MA1314, 2.500%, 1/1/33		472,653

See Notes which are an integral part of the Financial Statements.

21

Huntington VA Mortgage Securities Fund

Portfolio of Investments (Unaudited) (continued)

June 30, 2013

Principal Amount or Shares			Value
		U.S. Government Mortgage Backed Agencies — (continued)
		Federal National Mortgage Association — (continued)
	$    7,017	Pool # 721540, 5.000%, 7/1/33	$	7,591
	43,720	Pool # 746683, 5.500%, 10/1/33		48,721
	12,697	Pool # 786457, 5.392%, 7/1/34 (a)		13,617
	7,912	Pool # 845573, 2.425%, 2/1/36 (a)		8,412
	41,590	Pool # 745511, 5.000%, 4/1/36		44,696
	23,605	Pool # 831487, 5.500%, 4/1/36		25,609
	42,789	Pool # 868935, 5.500%, 5/1/36		46,422
	19,294	Pool # 903812, 5.500%, 12/1/36		20,932
	9,926	Pool # 907484, 6.000%, 1/1/37		10,787
	156,686	Pool # AD7906, 5.000%, 7/1/40		170,034
	291,705	Pool # AD7724, 5.000%, 7/1/40		315,669
	295,457	Pool # AE4310, 4.000%, 9/1/40		307,952
	144,878	Pool # AE0395, 4.500%, 10/1/40		154,001
	146,481	Pool # AE7535, 4.000%, 10/1/40		152,676
	159,757	Pool # AE4628, 4.500%, 10/1/40		169,264
	142,182	Pool # AE8395, 4.000%, 11/1/40		148,195
	309,380	Pool # AH6655, 4.000%, 2/1/41		322,463
	288,170	Pool # AJ5469, 3.500%, 11/1/41		292,925
	355,756	Pool # AB4106, 3.500%, 12/1/41		361,628
				7,612,762
		Government National Mortgage Association — 11.0%
	7,306	Pool # 3590, 5.500%, 8/20/19		7,783
	18,887	Pool # 3708, 5.500%, 5/20/20		20,159
	28,897	Pool # 3741, 4.500%, 8/20/20		31,150
	19,883	Pool # 683937, 6.000%, 2/15/23		21,811
	112,776	Pool # 666057, 5.000%, 3/15/23		121,267
	268,542	Pool # 741854, 4.000%, 5/15/25		286,072
	134,177	Pool # 4886, 4.500%, 12/20/25		143,815
	405,958	Pool # 5326, 3.000%, 3/20/27		420,831
	266,080	Pool # 3457, 4.500%, 10/20/33		286,242
	5,755	Pool # 3571, 6.500%, 6/20/34		6,476
	68,889	Pool # 605653, 5.500%, 8/15/34		76,354
	4,323	Pool # 3637, 5.500%, 11/20/34		4,771
	112,518	Pool # 3689, 4.500%, 3/20/35		121,026
	14,727	Pool # 3710, 5.000%, 5/20/35		16,087
	10,091	Pool # 650348, 5.500%, 11/15/35		11,051
	78,545	Pool # 676974, 5.500%, 5/15/38		85,608
	158,721	Pool # 733602, 5.000%, 4/15/40		178,120
	238,027	Pool # 4978, 4.500%, 3/20/41		256,561
				2,095,184
		Total U.S. Government Mortgage Backed Agencies (Cost $12,411,218)		12,547,093
		Common Stocks — 12.7%
		Real Estate Investment Trusts — 12.7%
	1,553	Acadia Realty Trust		38,344
	1,300	Alexandria Real Estate Equities, Inc.		85,436
	2,500	American Campus Communities, Inc.		101,650

Shares or Principal Amount			Value
		Real Estate Investment Trusts — (continued)
	500	Associated Estates Realty Corp.	$	8,040
	500	BioMed Realty Trust, Inc.		10,115
	1,000	Boston Properties, Inc.		105,470
	300	Brookfield Office Properties, Inc.		5,004
	600	Colonial Properties Trust		14,472
	1,200	Coresite Realty Corp.		38,172
	700	CubeSmart		11,186
	100	DDR Corp.		1,665
	300	DiamondRock Hospitality Co.		2,796
	1,500	Digital Realty Trust, Inc.		91,500
	2,400	Douglas Emmett, Inc.		59,880
	4,200	Duke Realty Corp.		65,478
	900	DuPont Fabros Technology, Inc.		21,735
	2,100	EastGroup Properties, Inc.		118,167
	1,800	Equity Lifestyle Properties, Inc.		141,462
	1,100	Equity Residential		63,866
	800	Essex Property Trust, Inc.		127,136
	700	Excel Trust, Inc.		8,967
	300	Extra Space Storage, Inc.		12,579
	300	Federal Realty Investment Trust		31,104
	100	General Growth Properties, Inc.		1,987
	1,400	HCP, Inc.		63,616
	1,000	Health Care REIT, Inc.		67,030
	1,900	Home Properties, Inc.		124,203
	3,614	Host Hotels & Resorts, Inc.		60,968
	1,100	Kimco Realty Corp.		23,573
	1,500	Kite Realty Group Trust		9,045
	2,500	LaSalle Hotel Properties		61,750
	1,600	Macerich Co./The		97,552
	1,100	National Retail Properties, Inc. (b)		37,840
	1,400	Pennsylvania Real Estate Investment Trust		26,432
	300	Post Properties, Inc.		14,847
	946	ProLogis, Inc.		35,683
	500	Public Storage, Inc.		76,665
	400	Regency Centers Corp.		20,324
	300	Retail Properties of America, Inc.		4,284
	200	Sabra Health Care REIT, Inc.		5,222
	1,100	Simon Property Group, Inc.		173,712
	400	SL Green Realty Corp.		35,276
	200	Sovran Self Storage, Inc.		12,958
	1,900	Tanger Factory Outlet Centers, Inc.		63,574
	816	UDR, Inc.		20,800
	1,986	Ventas, Inc.		137,948
	316	Vornado Realty Trust		26,181
	2,300	Weingarten Realty Investors (b)		70,771
	200	Westfield Group		2,092
	200	Westfield Retail Trust		567
		Total Common Stocks (Cost $1,767,429)		2,439,124
		U.S. Government Agencies — 18.1%
		Federal Farm Credit Bank — 7.8%
	$     500,000	1.500%, 11/16/15		511,214

See Notes which are an integral part of the Financial Statements.

22

Huntington VA Mortgage Securities Fund

Portfolio of Investments (Unaudited) (continued)

June 30, 2013

Principal Amount			Value
		U.S. Government Agencies — (continued)
		Federal Farm Credit Bank — (continued)
	$    500,000	2.580%, 6/8/18	$	520,329
	500,000	1.950%, 7/19/22		463,644
				1,495,187
		Federal Home Loan Bank — 5.8%
	300,000	0.375%, 6/24/16		296,849
	500,000	3.125%, 12/8/17		536,647
	250,000	4.125%, 12/13/19		276,945
				1,110,441
		Federal Home Loan Mortgage Corporation — 3.2%
	600,000	0.450%, 11/24/15		598,633
		Federal National Mortgage Association — 1.3%
	250,000	1.125%, 9/17/13		250,533
		Total U.S. Government Agencies (Cost $3,403,279)		3,454,794
		Collateralized Mortgage Obligations — 1.0%
		Federal Home Loan Bank — 0.1%
	14,616	Series SK-2015, 5.140%, 8/18/15		15,462
		Federal Home Loan Mortgage Corporation — 0.8%
	9,343	Series 2770, 4.000%, 1/15/18		9,439
	141,930	Series 2784, 4.000%, 4/15/19		150,972
				160,411
		Federal National Mortgage Association — 0.1%
	17,456	Series 1999-13, 6.000%, 4/25/29		19,533
		Total Collateralized Mortgage Obligations (Cost $184,582)		195,406

Shares			Value
		Cash Equivalents — 2.5%
	475,810	Huntington U.S. Treasury Money Market Fund, Trust Shares 0.050% (c) (d)	$	475,810
		Total Cash Equivalents (Cost $475,810)		475,810
		Short-Term Securities Held as Collateral for Securities Lending — 0.6%
	104,842	Fidelity Institutional Money Market Portfolio, Institutional Class, 0.120% (d)		104,842
		Total Short-Term Securities Held as Collateral for Securities Lending (Cost $104,842)		104,842
		Total Investments (Cost $18,347,160) — 100.5%		19,217,069
		Liabilities in Excess of Other Assets — (0.5)%		(92,398	)
		Net Assets — 100.0%	$	19,124,671

(a) Variable or Floating Rate Security. Rate disclosed is as of June 30, 2013.

(b) All or a portion of the security was on loan as of June 30, 2013. The total value of securities on loan as of June 30, 2013 was $102,094.

(c) Investment in affiliate.

(d) Rate disclosed is the seven day yield as of June 30, 2013.

See Notes which are an integral part of the Financial Statements.

23

Huntington Funds

Statements of Assets and Liabilities

June 30, 2013 (Unaudited)

	Huntington VA Balanced Fund		Huntington VA Dividend Capture Fund			Huntington VA Growth Fund		Huntington VA Income Equity Fund
Assets:
Investments, at cost	$	37,277,588	$	43,744,249		$	16,037,054	$	20,397,634
Investments, at value	$	—	$	45,386,436		$	17,171,856	$	22,396,536
Investments in affiliated securities, at value		43,479,451		623,301			615,020		252,736
Total investments		43,479,451		46,009,737			17,786,876		22,649,272
Cash		—		7,574			—		3,213
Income receivable		26,797		136,368			10,563		76,108
Receivable from Adviser		6,533		—			—		—
Tax reclaims receivable		—		1,017			—		1,895
Prepaid expenses and other assets		2,663		4,205			1,396		2,358
Total assets		43,515,444		46,158,901			17,798,835		22,732,846
Liabilities:
Payable for return of collateral on loaned securities		—		4,084,661			608,349		1,922,580
Options written, at value (premium received $-, $-, $- and $64,899)		—		—			—		25,702
Payable for shares redeemed		8,618		36,170			29,520		18,159
Accrued expenses and other payables:
Investment advisory fees		—		20,994			8,633		10,428
Administration fees		6,545		6,167			2,586		3,123
Custodian fees		827		2,063			805		866
Professional fees		4,685		1,680			1,831		2,202
Pricing fees		385		3,067			1,454		1,807
Printing and postage		5,104		—			2,071		2,313
Transfer and dividend disbursing agent fees and expenses		1,814		1,529			1,381		1,445
Compliance service fees		426		393			168		204
Total Liabilities		28,404		4,156,724			656,798		1,988,829
Net Assets	$	43,487,040	$	42,002,177		$	17,142,037	$	20,744,017
Net Assets consist of:
Paid in capital	$	35,994,900	$	43,014,705		$	14,823,467	$	20,528,279
Net unrealized appreciation of investments, options and translations of assets and liabilities in foreign currency		6,201,863		2,265,488			1,749,822		2,290,825
Accumulated net realized gain (loss) on investments, options and foreign currency transactions		231,172		(5,286,531	)		406,350		(3,263,123	)
Accumulated net investment income		1,059,105		2,008,515			162,398		1,188,036
Net Assets	$	43,487,040	$	42,002,177		$	17,142,037	$	20,744,017
Shares Outstanding (unlimited number of shares authorized, no par value)		2,889,909		3,520,987			1,890,359		1,956,105
Net Asset Value, Redemption Price and Offering Price Per Share:
(Net asset value, offering and redemption price per share)	$	15.05	$	11.93		$	9.07	$	10.60

See Notes which are an integral part of the Financial Statements.

24

Huntington Funds

Statements of Assets and Liabilities

June 30, 2013 (Unaudited)

	Huntington VA International Equity Fund			Huntington VA Mid Corp America Fund		Huntington VA Real Strategies Fund			Huntington VA Rotating Markets Fund
Assets:
Investments, at cost	$	27,197,544		$	17,720,865	$	4,646,861		$	5,906,984
Investments, at value	$	29,390,859		$	27,283,338	$	4,180,736		$	6,098,533
Investments in affiliated securities, at value		2,532,948			36,806		295,948			77,319
Total investments		31,923,807			27,320,144		4,476,684			6,175,852
Cash		—			—		464			155
Foreign currencies, at value (Cost $27,539, $-, $- and $-)		27,444			—		—			—
Income receivable		69,889			29,563		5,650			6,345
Receivable for shares sold		34,139			—		—			—
Tax reclaims receivable		34,758			—		123			—
Prepaid expenses and other assets		1,082			1,520		847			848
Total assets		32,091,119			27,351,227		4,483,768			6,183,200
Liabilities:
Payable for return of collateral on loaned securities		—			1,284,978		815,606			143,255
Options written, at value (premium received $-, $-, $680 and $-)		—			—		60			—
Payable for shares redeemed		5,003			27,548		896			4,073
Accrued expenses and other payables:
Investment advisory fees		15,731			13,095		1,511			2,232
Administration fees		4,846			3,922		539			911
Custodian fees		904			1,147		176			275
Professional fees		3,251			2,701		684			621
Pricing fees		3,746			3,579		1,551			1,899
Printing and postage		3,195			3,061		440			720
Transfer and dividend disbursing agent fees and expenses		1,652			1,442		1,202			1,215
Compliance service fees		305			245		35			56
Other		512			—		—			—
Total Liabilities		39,145			1,341,718		822,700			155,257
Net Assets	$	32,051,974		$	26,009,509	$	3,661,068		$	6,027,943
Net Assets consist of:
Paid in capital	$	30,158,536		$	15,705,859	$	3,579,157		$	5,005,586
Net unrealized appreciation (depreciation) of investments, options and translations of assets and liabilities in foreign currency		4,724,772			9,599,253		(169,557	)		268,868
Accumulated net realized gain (loss) on investments, options and foreign currency transactions		(3,701,280	)		399,866		173,423			697,687
Accumulated net investment income		869,946			304,531		78,045			55,802
Net Assets	$	32,051,974		$	26,009,509	$	3,661,068		$	6,027,943
Shares Outstanding (unlimited number of shares authorized, no par value)		2,169,464			1,225,900		438,696			450,707
Net Asset Value, Redemption Price and Offering Price Per Share:
(Net asset value, offering and redemption price per share)	$	14.77		$	21.22	$	8.35		$	13.37

See Notes which are an integral part of the Financial Statements.

25

Huntington Funds

Statements of Assets and Liabilities

June 30, 2013 (Unaudited)

	Huntington VA Situs Fund			Huntington  VA Mortgage Securities Fund
Assets:
Investments, at cost	$	47,606,053		$	18,347,160
Investments, at value	$	60,493,793		$	18,741,259
Investments in affiliated securities, at value		1,482,949			475,810
Total investments		61,976,742			19,217,069
Cash		—			36
Foreign currencies, at value (Cost $1,013 and $-)		996			—
Income receivable		34,897			57,294
Receivable for investments sold		444,031			67
Receivable for shares sold		180,591			—
Tax reclaims receivable		1,879			—
Prepaid expenses and other assets		2,772			1,545
Total assets		62,641,908			19,276,011
Liabilities:
Payable for return of collateral on loaned securities		6,948,068			104,842
Options written, at value (premium received $278,025 and $-)		127,503			—
Payable for investments purchased		447,711			—
Payable for shares redeemed		23,481			14,830
Accrued expenses and other payables:
Investment advisory fees		27,266			8,217
Administration fees		8,164			2,866
Custodian fees		280			902
Professional fees		4,996			2,023
Pricing fees		3,115			13,621
Printing and postage		6,315			2,436
Transfer and dividend disbursing agent fees and expenses		1,752			1,415
Compliance service fees		384			188
Total Liabilities		7,599,035			151,340
Net Assets	$	55,042,873		$	19,124,671
Net Assets consist of:
Paid in capital	$	40,269,944		$	18,021,909
Net unrealized appreciation of investments, options and translations of assets and liabilities in foreign currency		14,521,221			869,909
Accumulated net realized loss on investments, options and foreign currency transactions		(118,608	)		(469,811	)
Accumulated net investment income		370,316			702,664
Net Assets	$	55,042,873		$	19,124,671
Shares Outstanding (unlimited number of shares authorized, no par value)		2,766,583			1,622,545
Net Asset Value, Redemption Price and Offering Price Per Share:
(Net asset value, offering and redemption price per share)	$	19.90		$	11.79

See Notes which are an integral part of the Financial Statements.

26

Huntington Funds

Statements of Operations

Six Months Ended June 30, 2013 (Unaudited)

	Huntington VA Balanced Fund			Huntington VA Dividend Capture Fund			Huntington VA Growth Fund			Huntington VA Income Equity Fund
Investment Income:
Dividend income	$	—		$	921,274		$	107,023		$	502,412
Dividend income from affiliated securities		241,085			238			102			105
Income from securities lending, net (a)		—			21,443			2,439			1,727
Foreign dividend taxes withheld		—			(5,709	)		(219	)		(14,508	)
Total investment income		241,085			937,246			109,345			489,736
Expenses:
Investment advisory fees		22,421			116,120			53,814			63,737
Administration fees		40,457			34,896			16,184			19,166
Custodian fees		2,290			4,332			2,325			2,689
Transfer and dividend disbursing agent fees and expenses		5,053			4,722			4,163			4,256
Trustees’ fees		1,878			1,594			751			884
Professional fees		4,180			4,406			1,663			1,930
Pricing fees		430			2,642			2,034			2,200
Printing and postage		5,276			5,132			2,043			2,529
Insurance premiums		1,960			2,381			1,575			1,618
Compliance service fees		409			300			161			189
Line of credit fees		557			433			218			257
Other		1,907			2,315			1,147			645
Total expenses		86,818			179,273			86,078			100,100
Investment advisory fees waived		(22,421	)		—			—			—
Reimbursement from adviser		(41,419	)		—			—			—
Net expenses		22,978			179,273			86,078			100,100
Net investment income		218,107			757,973			23,267			389,636
Net Realized/Unrealized Gain (Loss) on Investments, Options and Foreign Currency Transactions:
Net realized gain on investment transactions		—			3,929,429			1,330,052			1,334,979
Net realized gain on transactions of affiliates		325,376			—			—			—
Net realized gain on option transactions		—			—			—			16,616
Net realized loss on foreign currency transactions		—			—			—			(1,796	)
Net realized gain on investments, options and translation of assets and liabilities in foreign currency transactions		325,376			3,929,429			1,330,052			1,349,799
Net change in unrealized appreciation of investments, options and translation of assets and liabilities in foreign currency		1,613,117			(1,110,512	)		227,512			361,513
Net realized and unrealized gain on investments options and foreign currency transactions		1,938,493			2,818,917			1,557,564			1,711,312
Change in net assets resulting from operations	$	2,156,600		$	3,576,890		$	1,580,831		$	2,100,948

^(a) Income from securities lending is net of ($-, $4,711, $496 and $371) expenses paid to Huntington Bank.

See Notes which are an integral part of the Financial Statements.

27

Huntington Funds

Statements of Operations

Six Months Ended June 30, 2013 (Unaudited)

	Huntington VA International Equity Fund			Huntington VA Mid Corp America Fund			Huntington VA Real Strategies Fund			Huntington VA Rotating Markets Fund
Investment Income:
Dividend income	$	597,157		$	218,940		$	58,907		$	41,727
Dividend income from affiliated securities		436			222			2,117			43
Income from securities lending, net (a)		7,516			17,980			14,802			613
Foreign dividend taxes withheld		(64,630	)		(642	)		(1,996	)		(1	)
Total investment income		540,479			236,500			73,830			42,382
Expenses:
Investment advisory fees		95,814			79,748			11,368			18,575
Administration fees		28,810			23,982			3,419			5,586
Custodian fees		7,853			3,390			503			781
Transfer and dividend disbursing agent fees and expenses		4,585			4,503			3,645			3,747
Trustees’ fees		1,323			1,099			159			257
Professional fees		2,926			2,424			648			582
Pricing fees		4,989			2,483			1,633			2,843
Printing and postage		3,968			2,958			441			683
Insurance premiums		1,758			1,413			1,367			1,403
Compliance service fees		294			235			34			55
Line of credit fees		398			326			47			74
Other		2,455			1,903			525			824
Total expenses		155,173			124,464			23,789			35,410
Investment advisory fees waived		(832	)		—			(1,661	)		(1,619	)
Net expenses		154,341			124,464			22,128			33,791
Net investment income		386,138			112,036			51,702			8,591
Net Realized/Unrealized Gain (Loss) on Investments, Options and Foreign Currency Transactions:
Net realized gain on investment transactions		291,872			345,828			55,449			116,407
Net realized loss on option transactions		—			—			(444	)		—
Net realized gain (loss) on foreign currency transactions		(19,296	)		(140	)		3			—
Net realized gain on investments, options and translation of assets and liabilities in foreign currency transactions		272,576			345,688			55,008			116,407
Net change in unrealized appreciation/depreciation of investments, options and translation of assets and liabilities in foreign currency		542,938			3,185,631			(254,481	)		332,628
Net realized and unrealized gain (loss) on investments options and foreign currency transactions		815,514			3,531,319			(199,473	)		449,035
Change in net assets resulting from operations	$	1,201,652		$	3,643,355		$	(147,771	)	$	457,626

^(a) Income from securities lending is net of ($1,488, $3,968, $3,224 and $123) expenses paid to Huntington Bank.

See Notes which are an integral part of the Financial Statements.

28

Huntington Funds

Statements of Operations

Six Months Ended June 30, 2013 (Unaudited)

	Huntington VA Situs Fund			Huntington VA Mortgage Securities Fund
Investment Income:
Dividend income	$	286,865		$	62,068
Dividend income from affiliated securities		636			135
Interest income		—			276,656
Income from securities lending, net (a)		18,612			417
Foreign dividend taxes withheld		(13	)		(13	)
Total investment income		306,100			339,263
Expenses:
Investment advisory fees		159,151			59,795
Administration fees		47,849			17,983
Custodian fees		6,908			2,619
Transfer and dividend disbursing agent fees and expenses		5,260			4,238
Trustees’ fees		2,073			842
Professional fees		4,798			1,883
Pricing fees		3,779			16,257
Printing and postage		8,123			2,203
Insurance premiums		1,937			1,602
Compliance service fees		402			184
Line of credit fees		567			250
Other		2,714			1,710
Total expenses		243,561			109,566
Investment advisory fees waived		—			(2,623	)
Net expenses		243,561			106,943
Net investment income		62,539			232,320
Net Realized/Unrealized Gain (Loss) on Investments, Options and Foreign Currency Transactions:
Net realized gain (loss) on investment transactions		832,881			(57,199	)
Net realized gain on option transactions		118,188			—
Net realized loss on foreign currency transactions		(1,671	)		(7	)
Net realized gain (loss) on investments, options and translation of assets and liabilities in foreign currency transactions		949,398			(57,206	)
Net change in unrealized appreciation/depreciation of investments, options and translation of assets and liabilities in foreign currency		3,244,111			(452,081	)
Net realized and unrealized gain (loss) on investments options and foreign currency transactions		4,193,509			(509,287	)
Change in net assets resulting from operations	$	4,256,048		$	(276,967	)

^(a) Income from securities lending is net of ($3,968 and $100) expenses paid to Huntington Bank.

See Notes which are an integral part of the Financial Statements.

29

Huntington Funds

Statements of Changes in Net Assets

	Huntington VA Balanced Fund						Huntington VA Dividend Capture Fund
	Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012
	(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets:
Operations—
Net investment income	$	218,107		$	840,997		$	757,973		$	1,285,871
Net realized gain on investments		325,376			342,088			3,929,429			1,953,006
Net change in unrealized appreciation of investments		1,613,117			2,629,042			(1,110,512	)		288,287
Change in net assets resulting from operations		2,156,600			3,812,127			3,576,890			3,527,164
Distributions to Shareholders—
From net investment income		—			(657,202	)		—			(1,257,345	)
From net realized gain on investments		—			(193,193	)		—			—
Change in net assets resulting from distributions to shareholders		—			(850,395	)		—			(1,257,345	)
Change in net assets resulting from capital transactions		(3,052,265	)		2,096,820			5,649,646			(1,320,035	)
Change in net assets		(895,665	)		5,058,552			9,226,536			949,784
Net Assets:
Beginning of period		44,382,705			39,324,153			32,775,641			31,825,857
End of period	$	43,487,040		$	44,382,705		$	42,002,177		$	32,775,641
Accumulated net investment income included in net assets at end of period	$	1,059,105		$	840,998		$	2,008,515		$	1,250,542
Capital Transactions:
Shares sold		642,250			4,527,533			2,262,183			5,180,583
Shares issued in connection with merger		—			—			8,124,507			—
Dividends reinvested		—			850,395			—			1,257,345
Shares redeemed		(3,694,515	)		(3,281,108	)		(4,737,044	)		(7,757,963	)
Net change resulting from capital transactions	$	(3,052,265	)	$	2,096,820		$	5,649,646		$	(1,320,035	)
Share Transactions:
Shares sold		42,713			321,702			194,464			481,474
Shares issued in connection with merger		—			—			688,657			—
Dividends reinvested		—			59,149			—			117,729
Shares redeemed		(244,890	)		(230,111	)		(402,738	)		(721,790	)
Net change resulting from share transactions		(202,177	)		150,740			480,383			(122,587	)

See Notes which are an integral part of the Financial Statements.

30

Huntington Funds

Statements of Changes in Net Assets

	Huntington VA Growth Fund						Huntington VA Income Equity Fund
	Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012
	(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets:
Operations—
Net investment income	$	23,267		$	178,613		$	389,636		$	808,550
Net realized gain on investments		1,330,052			1,084,274			1,349,799			806,384
Net change in unrealized appreciation of investments		227,512			582,487			361,513			465,841
Change in net assets resulting from operations		1,580,831			1,845,374			2,100,948			2,080,775
Distributions to Shareholders—
From net investment income		—			(61,447	)		—			(776,185	)
Change in net assets resulting from distributions to shareholders		—			(61,447	)		—			(776,185	)
Change in net assets resulting from capital transactions		(1,903,972	)		(1,932,099	)		(1,632,970	)		(1,055,762	)
Change in net assets		(323,141	)		(148,172	)		467,978			248,828
Net Assets:
Beginning of period		17,465,178			17,613,350			20,276,039			20,027,211
End of period	$	17,142,037		$	17,465,178		$	20,744,017		$	20,276,039
Accumulated net investment income included in net assets at end of period	$	162,398		$	139,131		$	1,188,036		$	798,400
Capital Transactions:
Shares sold		327,823			1,772,989			1,063,169			2,935,290
Dividends reinvested		—			61,447			—			776,185
Shares redeemed		(2,231,795	)		(3,766,535	)		(2,696,139	)		(4,767,237	)
Net change resulting from capital transactions	$	(1,903,972	)	$	(1,932,099	)	$	(1,632,970	)	$	(1,055,762	)
Share Transactions:
Shares sold		36,719			215,070			102,149			304,026
Dividends reinvested		—			7,503			—			81,963
Shares redeemed		(245,051	)		(452,632	)		(257,523	)		(494,160	)
Net change resulting from share transactions		(208,332	)		(230,059	)		(155,374	)		(108,171	)

See Notes which are an integral part of the Financial Statements.

31

Huntington Funds

Statements of Changes in Net Assets

	Huntington VA International Equity Fund						Huntington VA Mid Corp America Fund
	Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012
	(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets:
Operations—
Net investment income	$	386,138		$	530,330		$	112,036		$	195,545
Net realized gain (loss) on investments		272,576			(1,070,632	)		345,688			1,738,788
Net change in unrealized appreciation of investments		542,938			4,376,541			3,185,631			472,293
Change in net assets resulting from operations		1,201,652			3,836,239			3,643,355			2,406,626
Distributions to Shareholders—
From net investment income		—			(380,441	)		—			(63,776	)
From net realized gain on investments		—			—			—			(1,305,821	)
Change in net assets resulting from distributions to shareholders		—			(380,441	)		—			(1,369,597	)
Change in net assets resulting from capital transactions		(220,478	)		1,530,045			(2,907,769	)		7,765,302
Change in net assets		981,174			4,985,843			735,586			8,802,331
Net Assets:
Beginning of period		31,070,800			26,084,957			25,273,923			16,471,592
End of period	$	32,051,974		$	31,070,800		$	26,009,509		$	25,273,923
Accumulated net investment income included in net assets at end of period	$	869,946		$	483,808		$	304,531		$	192,495
Capital Transactions:
Shares sold		2,675,209			7,227,331			774,618			1,962,153
Shares issued in connection with merger		—			—			—			11,114,709
Dividends reinvested		—			380,441			—			1,369,597
Shares redeemed		(2,895,687	)		(6,077,727	)		(3,682,387	)		(6,681,157	)
Net change resulting from capital transactions	$	(220,478	)	$	1,530,045		$	(2,907,769	)	$	7,765,302
Share Transactions:
Shares sold		179,810			540,031			39,145			104,397
Shares issued in connection with merger		—			—			—			577,960
Dividends reinvested		—			27,001			—			74,855
Shares redeemed		(194,420	)		(448,471	)		(179,629	)		(355,997	)
Net change resulting from share transactions		(14,610	)		118,561			(140,484	)		401,215

See Notes which are an integral part of the Financial Statements.

32

Huntington Funds

Statements of Changes in Net Assets

	Huntington VA Real  Strategies Fund						Huntington VA Rotating  Markets Fund
	Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012
	(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets:
Operations—
Net investment income	$	51,702		$	54,863		$	8,591		$	47,234
Net realized gain on investments		55,008			105,858			116,407			1,461,398
Net change in unrealized appreciation/depreciation of investments		(254,481	)		(199	)		332,628			(1,066,523	)
Change in net assets resulting from operations		(147,771	)		160,522			457,626			442,109
Distributions to Shareholders—
From net investment income		—			(8,929	)		—			(97,697	)
From net realized gain on investments		—			(18,205	)		—			—
Change in net assets resulting from distributions to shareholders		—			(27,134	)		—			(97,697	)
Change in net assets resulting from capital transactions		8,388			126,277			(420,982	)		(815,541	)
Change in net assets		(139,383	)		259,665			36,644			(471,129	)
Net Assets:
Beginning of period		3,800,451			3,540,786			5,991,299			6,462,428
End of period	$	3,661,068		$	3,800,451		$	6,027,943		$	5,991,299
Accumulated net investment income included in net assets at end of period	$	78,045		$	26,343		$	55,802		$	47,211
Capital Transactions:
Shares sold		282,559			678,400			251,962			644,785
Dividends reinvested		—			27,134			—			97,697
Shares redeemed		(274,171	)		(579,257	)		(672,944	)		(1,558,023	)
Net change resulting from capital transactions	$	8,388		$	126,277		$	(420,982	)	$	(815,541	)
Share Transactions:
Shares sold		33,005			78,869			19,376			51,034
Dividends reinvested		—			3,159			—			8,028
Shares redeemed		(31,301	)		(66,516	)		(50,590	)		(124,001	)
Net change resulting from share transactions		1,704			15,512			(31,214	)		(64,939	)

See Notes which are an integral part of the Financial Statements.

33

Huntington Funds

Statements of Changes in Net Assets

	Huntington VA Situs Fund						Huntington VA Mortgage Securities Fund
	Six Months Ended June 30, 2013			Year Ended December 31, 2012			Six Months Ended June 30, 2013			Year Ended December 31, 2012
	(Unaudited)						(Unaudited)
Increase (Decrease) in Net Assets:
Operations—
Net investment income	$	62,539		$	222,477		$	232,320		$	337,480
Net realized gain (loss) on investments		949,398			392,626			(57,206	)		25,679
Net change in unrealized appreciation/depreciation of investments		3,244,111			7,616,183			(452,081	)		300,304
Change in net assets resulting from operations		4,256,048			8,231,286			(276,967	)		663,463
Distributions to Shareholders—
From net investment income		—			—			—			(487,131	)
Change in net assets resulting from distributions to shareholders		—			—			—			(487,131	)
Change in net assets resulting from capital transactions		5,384,527			1,900,338			(660,902	)		292,511
Change in net assets		9,640,575			10,131,624			(937,869	)		468,843
Net Assets:
Beginning of period		45,402,298			35,270,674			20,062,540			19,593,697
End of period	$	55,042,873		$	45,402,298		$	19,124,671		$	20,062,540
Accumulated net investment income included in net assets at end of period	$	370,316		$	307,777		$	702,664		$	470,344
Capital Transactions:
Shares sold		13,735,190			13,584,039			1,125,647			3,252,286
Dividends reinvested		—			—			—			487,131
Shares redeemed		(8,350,663	)		(11,683,701	)		(1,786,549	)		(3,446,906	)
Net change resulting from capital transactions	$	5,384,527		$	1,900,338		$	(660,902	)	$	292,511
Share Transactions:
Shares sold		697,100			817,181			93,840			269,096
Dividends reinvested		—			—			—			40,798
Shares redeemed		(423,502	)		(698,962	)		(149,054	)		(283,992	)
Net change resulting from share transactions		273,598			118,219			(55,214	)		25,902

See Notes which are an integral part of the Financial Statements.

34

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35

Huntington Funds

Financial Highlights

(For a share outstanding throughout each period)

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Distributions from Net Investment Income			Distributions from Net Realized Gain on Investment Transactions			Distributions from Return of Capital			Total Distributions
Huntington VA Balanced Fund
2008(3)	$	10.00		0.18			0.09			0.27			(0.01	)		—			—			(0.01	)
2009	$	10.26		0.13	(7)		1.68			1.81			(0.05	)		—			—			(0.05	)
2010	$	12.02		0.16			1.09			1.25			(0.01	)		—			—			(0.01	)
2011	$	13.26		0.17			0.06			0.23			(0.12	)		—	(8)		—			(0.12	)
2012	$	13.37		0.27			0.99			1.26			(0.22	)		(0.06	)		—			(0.28	)
2013(9)	$	14.35		0.09			0.61			0.70			—			—			—			—
Huntington VA Dividend Capture Fund
2008	$	11.77		0.58			(3.57	)		(2.99	)		(1.05	)		(0.58	)		(0.06	)		(1.69	)
2009	$	7.09		0.37			1.41			1.78			—			—			—			—
2010	$	8.87		0.38			0.91			1.29			(0.41	)		—			—			(0.41	)
2011	$	9.75		0.44			0.25			0.69			(0.38	)		—			—			(0.38	)
2012	$	10.06		0.45			0.70			1.15			(0.43	)		—			—			(0.43	)
2013(9)	$	10.78		0.16			0.99			1.15			—			—			—			—

(1) Total returns do not include any insurance, sales or administrative charges of variable annuity or life insurance contracts. If these were included, the returns would be lower.

(2) If applicable, certain fees were waived and/or reimbursed. If such waivers/reimbursements had not occurred, the ratios would have been as indicated.

(3) Reflects operations for the period from November 10, 2008 (commencement of operations) to December 31, 2008.

(4) Not Annualized.

(5) Computed on an annualized basis.

(6) Does not include the effect of expenses of underlying funds.

(7) Per share net investment income (loss) has been calculated using the average shares method.

(8) Amount is less than $0.005.

(9) Six months ended June 30, 2013 (Unaudited).

See Notes which are an integral part of the Financial Statements.

36

Net Asset Value, End of Period		Total Return(1)			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets(2)			Net Assets, End of Period (000 Omitted)		Portfolio Turnover Rate
$	10.26		2.68	%(4)		0.10	%(5)(6)		14.05	%(5)		31.88	%(5)(6)	$	234		19	%(4)
$	12.02		17.70	%		0.10	%(6)		1.11	%		0.61	%(6)	$	6,810		20	%
$	13.26		10.43	%		0.10	%(6)		2.08	%		0.45	%(6)	$	26,869		17	%
$	13.37		1.75	%		0.10	%(6)		1.94	%		0.46	%(6)	$	39,324		27	%
$	14.35		9.42	%		0.10	%(6)		1.94	%		0.41	%(6)	$	44,383		13	%
$	15.05		4.88	%(4)		0.10	%(5)(6)		0.97	%(5)		0.39	%(5)(6)	$	43,487		3	%(4)
$	7.09		(28.08	)%		0.91	%		4.88	%		0.91	%	$	29,332		65	%
$	8.87		25.11	%		1.00	%		4.81	%		1.00	%	$	33,557		94	%
$	9.75		15.12	%		0.98	%		3.54	%		0.98	%	$	33,625		120	%
$	10.06		7.07	%		0.97	%		3.74	%		0.97	%	$	31,826		142	%
$	10.78		11.47	%		0.95	%		3.85	%		0.95	%	$	32,776		110	%
$	11.93		10.67	%(4)		0.93	%(5)		3.91	%(5)		0.93	%(5)	$	42,002		74	%(4)

37

Huntington Funds

Financial Highlights

(For a share outstanding throughout each period)

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)		Net Realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Distributions from Net Investment Income			Distributions from Net Realized Gain on Investment Transactions			Distributions from Return of Capital			Total Distributions
Huntington VA Growth Fund
2008	$	10.86		0.05		(3.84	)		(3.79	)		(0.10	)		(0.83	)		—			(0.93	)
2009	$	6.14		0.01		0.97			0.98			—			—			—			—
2010	$	7.12		0.01		0.68			0.69			(0.01	)		—			—			(0.01	)
2011	$	7.80		0.03		(0.26	)		(0.23	)		(0.01	)		—			—			(0.01	)
2012	$	7.56		0.09		0.70			0.79			(0.03	)		—			—			(0.03	)
2013(2)	$	8.32		0.02		0.73			0.75			—			—			—			—
Huntington VA Income Equity Fund
2008	$	12.11		0.31		(4.58	)		(4.27	)		(0.56	)		(0.70	)		(0.01	)		(1.27	)
2009	$	6.57		0.22		1.20			1.42			—			—			—			—
2010	$	7.99		0.24		0.67			0.91			(0.23	)		—			—			(0.23	)
2011	$	8.67		0.38		0.23			0.61			(0.26	)		—			—			(0.26	)
2012	$	9.02		0.42		0.54			0.96			(0.38	)		—			—			(0.38	)
2013(2)	$	9.60		0.23		0.77			1.00			—			—			—			—

(1) Total returns do not include any insurance, sales or administrative charges of variable annuity or life insurance contracts. If these were included, the returns would be lower.

(2) Six months ended June 30, 2013 (Unaudited).

(3) Not Annualized.

(4) Computed on an annualized basis.

See Notes which are an integral part of the Financial Statements.

38

Net Asset Value, End of Period		Total Return(1)			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets			Net Assets, End of Period (000 Omitted)		Portfolio Turnover Rate
$	6.14		(37.91	)%		0.87	%		0.46	%		0.87	%	$	12,661		84	%
$	7.12		15.96	%		0.99	%		0.19	%		0.99	%	$	15,272		118	%
$	7.80		9.72	%		1.02	%		0.19	%		1.02	%	$	18,511		331	%
$	7.56		(2.93	)%		1.00	%		0.40	%		1.00	%	$	17,613		137	%
$	8.32		10.45	%		0.97	%		0.98	%		0.97	%	$	17,465		140	%
$	9.07		9.01	%(3)		0.96	%(4)		0.26	%(4)		0.96	%(4)	$	17,142		119	%(3)
$	6.57		(37.83	)%		0.92	%		2.85	%		0.92	%	$	18,187		96	%
$	7.99		21.61	%		0.97	%		3.28	%		0.97	%	$	20,704		96	%
$	8.67		11.79	%		1.00	%		2.81	%		1.00	%	$	21,798		107	%
$	9.02		7.06	%		0.99	%		3.57	%		0.99	%	$	20,027		199	%
$	9.60		10.73	%		0.97	%		3.85	%		0.97	%	$	20,276		201	%
$	10.60		10.42	%(3)		0.94	%(4)		3.67	%(4)		0.94	%(4)	$	20,744		76	%(3)

39

Huntington Funds

Financial Highlights

(For a share outstanding throughout each period)

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)		Net realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Distributions from Net Investment Income			Distributions from Net Realized Gain on Investment Transactions			Total Distributions
Huntington VA International Equity Fund
2008	$	17.87		0.26		(7.31	)		(7.05	)		(0.40	)		(0.36	)		(0.76	)
2009	$	10.06		0.23		3.14			3.37			(0.01	)		—			(0.01	)
2010	$	13.42		0.14		1.06			1.20			(0.16	)		—			(0.16	)
2011	$	14.46		0.17		(1.84	)		(1.67	)		(0.16	)		—			(0.16	)
2012	$	12.63		0.23		1.54			1.77			(0.17	)		—			(0.17	)
2013(3)	$	14.23		0.18		0.36			0.54			—			—			—
Huntington VA Mid Corp America Fund
2008	$	18.61		0.08		(6.95	)		(6.87	)		(0.19	)		(0.77	)		(0.96	)
2009	$	10.78		0.10		3.59			3.69			—			—			—
2010	$	14.47		0.08		3.19			3.27			(0.10	)		—			(0.10	)
2011	$	17.64		0.08		(0.57	)		(0.49	)		(0.08	)		—			(0.08	)
2012	$	17.07		0.13		2.35			2.48			(0.05	)		(1.00	)		(1.05	)
2013(3)	$	18.50		0.11		2.61			2.72			—			—			—

(1) Total returns do not include any insurance, sales or administrative charges of variable annuity or life insurance contracts. If these were included, the returns would be lower.

(2) If applicable, certain fees were waived and/or reimbursed. If such waivers/reimbursements had not occurred, the ratios would have been as indicated.

(3) Six months ended June 30, 2013 (Unaudited).

(4) Not Annualized.

(5) Computed on an annualized basis.

See Notes which are an integral part of the Financial Statements.

40

Net Asset Value, End of Period		Total Return(1)			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets(2)			Net Assets, End of Period (000 Omitted)		Portfolio Turnover Rate
$	10.06		(40.56	)%		0.99	%		2.02	%		1.03	%	$	9,983		16	%
$	13.42		33.47	%		1.01	%		2.17	%		1.05	%	$	16,362		29	%
$	14.46		9.18	%		1.10	%		1.42	%		1.10	%	$	22,648		35	%
$	12.63		(11.55	)%		1.03	%		1.77	%		1.03	%	$	26,085		36	%
$	14.23		14.04	%		1.00	%		1.79	%		1.00	%	$	31,071		25	%
$	14.77		3.79	%(4)		0.97	%(5)		2.42	%(5)		0.97	%(5)	$	32,052		23	%(4)
$	10.78		(38.83	)%		0.93	%		0.43	%		0.93	%	$	15,413		19	%
$	14.47		34.23	%		0.97	%		0.76	%		0.97	%	$	18,673		23	%
$	17.64		22.80	%		1.02	%		0.41	%		1.02	%	$	20,316		21	%
$	17.07		(2.77	)%		1.02	%		0.33	%		1.02	%	$	16,472		24	%
$	18.50		14.59	%		1.06	%		0.84	%		1.06	%	$	25,274		29	%
$	21.22		14.70	%(4)		0.94	%(5)		0.84	%(5)		0.94	%(5)	$	26,010		1	%(4)

41

Huntington Funds

Financial Highlights

(For a share outstanding throughout each period)

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Distributions from Net Investment Income			Distributions from Net Realized Gain on  Investment Transactions			Distributions from Return of Capital			Total Distributions
Huntington VA Real Strategies Fund
2008	$	11.50		0.04	(3)		(5.50	)		(5.46	)		(0.13	)		(0.21	)		(0.03	)		(0.37	)
2009	$	5.67		0.03			1.94			1.97			—			—			—			—
2010	$	7.64		(0.03	)		1.72			1.69			(0.02	)		—			—			(0.02	)
2011	$	9.31		0.03			(0.93	)		(0.90	)		(0.01	)		—			—			(0.01	)
2012	$	8.40		0.13			0.23			0.36			(0.02	)		(0.04	)		—			(0.06	)
2013(4)	$	8.70		0.12			(0.47	)		(0.35	)		—			—			—			—
Huntington VA Rotating Markets Fund
2008	$	15.04		0.15			(6.02	)		(5.87	)		(0.31	)		(1.01	)		—			(1.32	)
2009	$	7.85		0.12			2.50			2.62			—			—			—			—
2010	$	10.47		0.03			0.72			0.75			(0.12	)		—			—			(0.12	)
2011	$	11.10		0.18			0.58			0.76			(0.04	)		—			—			(0.04	)
2012	$	11.82		0.13			0.69			0.82			(0.21	)		—			—			(0.21	)
2013(4)	$	12.43		0.03			0.91			0.94			—			—			—			—

(1) Total returns do not include any insurance, sales or administrative charges of variable annuity or life insurance contracts. If these were included, the returns would be lower.

(2) If applicable, certain fees were waived and/or reimbursed. If such waivers/reimbursements had not occurred, the ratios would have been as indicated.

(3) Per share net investment income (loss) has been calculated using the average shares method.

(4) Six months ended June 30, 2013 (Unaudited).

(5) Not Annualized.

(6) Computed on an annualized basis.

See Notes which are an integral part of the Financial Statements.

42

Net Asset Value, End of Period		Total Return(1)			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets(2)			Net Assets, End of Period (000 Omitted)		Portfolio Turnover Rate
$	5.67		(49.00	)%		1.00	%		0.41	%		3.59	%	$	270		44	%
$	7.64		34.74	%		1.42	%		0.75	%		1.79	%	$	1,166		33	%
$	9.31		22.15	%		1.68	%		(0.28	)%		1.68	%	$	3,020		23	%
$	8.40		(9.63	)%		1.54	%		0.32	%		1.54	%	$	3,541		65	%
$	8.70		4.34	%		1.26	%		1.46	%		1.26	%	$	3,800		33	%
$	8.35		(4.02	)%(5)		1.17	%(6)		2.73	%(6)		1.26	%(6)	$	3,661		32	%(5)
$	7.85		(42.03	)%		0.93	%		1.09	%		0.93	%	$	5,041		221	%
$	10.47		33.38	%		1.01	%		1.34	%		1.02	%	$	6,473		229	%
$	11.10		7.34	%		1.14	%		0.33	%		1.14	%	$	6,957		254	%
$	11.82		6.84	%		1.15	%		1.44	%		1.15	%	$	6,462		2	%
$	12.43		6.94	%		1.11	%		0.74	%		1.11	%	$	5,991		113	%
$	13.37		7.56	%(5)		1.09	%(6)		0.28	%(6)		1.14	%(6)	$	6,028		97	%(5)

43

Huntington Funds

Financial Highlights

(For a share outstanding throughout each period)

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net realized and Unrealized Gain (Loss) on Investments			Total from Investment Operations			Distributions from Net Investment Income			Distributions from Net Realized Gain on Investment Transactions			Total Distributions
Huntington VA Situs Fund
2008	$	15.15		0.02			(6.18	)		(6.16	)		(0.03	)		(0.22	)		(0.25	)
2009	$	8.74		0.07			2.81			2.88			—			—			—
2010	$	11.62		0.01			3.41			3.42			(0.05	)		—			(0.05	)
2011	$	14.99		(0.01	)		(0.13	)		(0.14	)		—	(2)		—			—	(2)
2012	$	14.85		0.09			3.27			3.36			—			—			—
2013(4)	$	18.21		0.01			1.68			1.69			—			—			—
Huntington VA Mortgage Securities Fund
2008	$	11.32		0.51			(0.27	)		0.24			(0.92	)		(0.02	)		(0.94	)
2009	$	10.62		0.32			0.26			0.58			—			—			—
2010	$	11.20		0.16			0.39			0.55			(0.26	)		—			(0.26	)
2011	$	11.49		0.23			0.38			0.61			(0.24	)		—			(0.24	)
2012	$	11.86		0.21			0.19			0.40			(0.30	)		—			(0.30	)
2013(4)	$	11.96		0.15			(0.32	)		(0.17	)		—			—			—

(1) Total returns do not include any insurance, sales or administrative charges of variable annuity or life insurance contracts. If these were included, the returns would be lower.

(2) Amount is less than $0.005.

(3) Rounds to less than 0.005%.

(4) Six months ended June 30, 2013 (Unaudited).

(5) Not Annualized.

(6) Computed on an annualized basis.

(7) If applicable, certain fees were waived and/or reimbursed. If such waivers/reimbursements had not occurred, the ratios would have been as indicated.

See Notes which are an integral part of the Financial Statements.

44

Net Asset Value, End of Period		Total Return(1)			Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income (Loss) to Average Net Assets			Ratio of Expenses (Prior to Reimbursements) to Average Net Assets			Net Assets, End of Period (000 Omitted)		Portfolio Turnover Rate
$	8.74		(41.23	)%		0.95	%		0.18	%		0.95	%	$	11,510		21	%
$	11.62		32.95	%		1.01	%		0.73	%		1.01	%	$	17,035		10	%
$	14.99		29.61	%		1.02	%		0.13	%		1.02	%	$	23,683		19	%
$	14.85		(0.91	)%		0.99	%		—	%(3)		0.99	%	$	35,271		14	%
$	18.21		22.63	%		0.96	%		0.55	%		0.96	%	$	45,402		10	%
$	19.90		9.28	%(5)		0.92	%(6)		0.24	%(6)		0.92	%(6)	$	55,043		10	%(5)
$	10.62		2.15	%		1.00	%		3.98	%		1.04	%	$	8,990		23	%
$	11.20		5.46	%		1.05	%		3.40	%		1.07	%	$	10,958		29	%
$	11.49		4.89	%		1.11	%		2.44	%		1.11	%	$	17,348		3	%
$	11.86		5.30	%		1.15	%		2.09	%		1.15	%	$	19,594		27	%
$	11.96		3.35	%		1.10	%		1.66	%		1.10	%	$	20,063		27	%
$	11.79		(1.42	)%(5)		1.07	%(6)		2.33	%(6)		1.10	%(6)	$	19,125		11	%(5)

45

Huntington Funds

Notes to Financial Statements (Unaudited)

June 30, 2013

(1) Organization

The Huntington Funds (the “Trust”) was organized as a single Delaware statutory trust on June 23, 2006. The Trust is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. As of June 30, 2013, the Trust operated 33 separate series, or mutual funds, each with its own investment objective and strategy. The Funds’ prospectus provides a description of each Fund’s investment objectives, policies and strategies along with information on the classes of shares currently being offered. The price at which the Funds will offer or redeem shares is the net asset value (“NAV”) per share next determined after the order is considered received. This report contains financial statements and financial highlights of the funds listed below (individually referred to as a “Fund”, or collectively as the “Funds”):

Huntington VA Balanced Fund (“VA Balanced Fund”)

Huntington VA Dividend Capture Fund (“VA Dividend Capture Fund”)

Huntington VA Growth Fund (“VA Growth Fund”)

Huntington VA Income Equity Fund (“VA Income Equity Fund”)

Huntington VA International Equity Fund (“VA International Equity Fund”)

Huntington VA Mid Corp America Fund (“VA Mid Corp America Fund”)

Huntington VA Real Strategies Fund (“VA Real Strategies Fund”)

Huntington VA Rotating Markets Fund (“VA Rotating Markets Fund”)

Huntington VA Situs Fund (“VA Situs Fund”)

Huntington VA Mortgage Securities Fund (“VA Mortgage Securities Fund”)

The assets of each Fund are segregated and a shareholder’s interest is limited to the Fund in which shares are held.

The Trust accounts for the assets, liabilities and operations of each Fund separately. Shares of the Funds are not offered directly to the public but, pursuant to an exemptive order granted by the Securities and Exchange Commission and procedures adopted by the Trust’s Board of Trustees (the “Trustees”), the Funds were sold during the year only to separate accounts of Hartford Life Insurance Company, Hartford Life and Annuity Insurance Company, Lincoln Insurance Company, Nationwide Insurance Company, Sun Life Assurance Company of Canada (U.S.) and Transamerica Life Insurance Company for use with their respective variable insurance contracts and policies.

On March 28, 2013 the Huntington VA Dividend Capture Fund (“Acquiring Fund”) acquired all of the assets and assumed all of the liabilities of the Huntington VA Macro 100 Fund (“Acquired Fund”) pursuant to an agreement and plan of reorganization approved by the Board of Trustees on November 8, 2012. The reorganization provides shareholders of the Acquired Fund access to a larger and more diversified portfolio with a similar investment strategy and lower expenses. The reorganization qualified as a tax-free reorganization for federal income tax purposes with no gain or loss recognized to the funds or their shareholders.

The acquisition was accomplished by a tax-free exchange of 688,657 shares of the Acquiring Fund (valued at $8,124,507) for 757,410 shares of the Acquired Fund outstanding on March 28, 2013. The investment portfolio of the Acquired Fund, with a fair value of $8,118,995 and identified cost of $6,447,250, was the principal asset acquired by the Acquiring Fund. For financial reporting purposes, assets received and shares issued by the Acquiring Fund were recorded at fair value; however, the identified cost of the investments received from the Acquired Fund was carried forward to align ongoing reporting of the Acquiring Fund’s realized and unrealized gains and losses with amounts distributable to shareholders for tax purposes. The aggregate net assets of the Acquiring Fund immediately before the acquisition were $35,322,345. The net assets of the Acquired Fund at that date of $8,124,507, including $1,671,745 of unrealized appreciation, were combined with those of the Acquiring Fund, resulting in combined net assets of $43,446,852.

Assuming the acquisition had been completed on January 1, 2013, the beginning of the annual reporting period of the Acquiring Fund, the Acquiring Fund’s pro forma results of operations for the six months ended June 30, 2013, are as follows:

Net Investment Income*	$	735,648
Net Realized and Unrealized Gain on Investments	$	3,922,718
Net Increase in Net Assets Resulting From Operations	$	6,093,584

* Net Investment Income reflects $11,500 of pro forma additional merger expenses.

Because the combined investment portfolios have been managed as a single portfolio since the acquisition was completed, it is not practicable to separate the amounts of revenue and earnings of the Acquired Fund that have been included in the Acquiring Fund’s accompanying Statement of Operations since March 28, 2013.

46

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

On April 27, 2012, the Huntington VA Mid Corp America Fund (“Acquiring Fund”) acquired all of the assets and assumed all of the liabilities of the Huntington VA New Economy Fund (“Acquired Fund”) pursuant to an agreement and plan of reorganization approved by the Board of Trustees on January 17, 2012. The reorganization provides shareholders of the Acquired Fund access to a larger and more diversified portfolio with a similar investment strategy and lower expenses. The reorganization qualified as a tax-free reorganization for federal income tax purposes with no gain or loss recognized to the funds or their shareholders.

The acquisition was accomplished by a tax-free exchange of 577,960 shares of the Acquiring Fund (valued at $11,114,709) for 842,598 shares of the Acquired Fund outstanding on April 27, 2012. The investment portfolio of the Acquired Fund, with a fair value of $11,117,120 and identified cost of $10,121,659 was the principal asset acquired by the Acquiring Fund. For financial reporting purposes, assets received and shares issued by the Acquiring Fund were recorded at fair value; however, the identified cost of the investments received from the Acquired Fund was carried forward to align ongoing reporting of the Acquiring Fund’s realized and unrealized gains and losses with amounts distributable to shareholders for tax purposes. The aggregate net assets of the Acquiring Fund immediately before the acquisition were $17,787,998. The net assets of the Acquired Fund at that date of $11,114,709, including $995,461 of unrealized appreciation, were combined with those of the Acquiring Fund, resulting in combined net assets of $28,902,707.

Assuming the acquisition had been completed on January 1, 2012, the beginning of the annual reporting period of the Acquiring Fund, the Acquiring Fund’s pro forma results of operations for the year ended December 31, 2012, are as follows:

Net Investment Income*	$	176,464
Net Realized and Unrealized Gain on Investments	$	2,115,034
Net Increase in Net Assets Resulting From Operations	$	2,331,498

* Net Investment Income reflects $8,000 of pro forma additional merger expenses.

Because the combined investment portfolios have been managed as a single portfolio since the acquisition was completed, it is not practicable to separate the amounts of revenue and earnings of the Acquired Fund that have been included in the Acquiring Fund’s accompanying Statement of Operations since April 27, 2012.

Under the Trust’s organizational documents, its officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Funds. In addition, in the normal course of business, the Trust may enter into contracts with vendors and others that provide for general indemnifications. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust. However, based on experience, the Trust expects that risk of loss to be remote.

(2) Significant Accounting Policies

The following is a summary of significant accounting policies consistently followed by each Fund in the preparation of its financial statements. These policies are in conformity with generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets, liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses for the period. Actual results could differ from those estimates.

A. Investment Valuations

The Trust calculates the NAV for each of the Funds by valuing securities held based on fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

The valuation techniques described below maximize the use of observable inputs and minimize the use of unobservable inputs in determining fair value. The inputs used for valuing the Funds’ investments are summarized in the three broad levels listed below:

• Level 1	-   quoted prices in active markets for identical assets.
• Level 2	-   other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
• Level 3	-   significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments).

47

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The Trust recognizes transfers between fair value hierarchy levels at the reporting period end. The inputs or methodology used for valuing investments is not necessarily an indication of the risk associated with investing in those investments.

In computing the NAV of the Funds, fair value is based on market valuations with respect to portfolio securities for which market quotations are readily available. Pursuant to Trustee-approved policies, the Trust relies on certain security pricing services to provide current market value of securities. Those security pricing services value equity securities (including foreign equity securities, exchange-traded funds and closed-end funds) traded on a securities exchange at the last reported sales price on the principal exchange. Equity securities quoted by NASDAQ are valued at the NASDAQ official closing price. If there is no reported sale on the principal exchange, and in the case of over-the-counter securities, equity securities are valued at a bid price estimated by the security pricing service. In each of these situations, valuations are typically categorized as Level 1 in the fair value hierarchy. Investments in open-end investment companies are valued at their respective net asset value as reported by such companies and are typically categorized as Level 1 in the fair value hierarchy.

Option contracts are generally valued using the closing price based on quote data from the six major U.S. options exchanges on which such options are traded, and are typically categorized as Level 1 in the fair value hierarchy.

Debt securities traded on a national securities exchange or in the over-the-counter market are valued at the last reported sales price on the principal exchange, except the U.S. government obligations held by the VA Mortgage Securities Fund are valued at the mean between the over-the-counter bid and asked prices furnished by the security pricing service. If there is no reported sale on the principal exchange, and for all other debt securities, debt securities are valued at a bid price estimated by the security pricing service. In valuing debt securities, a security pricing service may use various pricing techniques which take into account appropriate factors such as market activity, yield, quality, coupon rate, maturity, type of issue, trading characteristics, call features, credit ratings and other data, as well as broker quotes. Foreign securities quoted in foreign currencies are translated in U.S. dollars at the foreign exchange rate in effect as of the close of the New York Stock Exchange (NYSE) (generally 4:00 p.m. Eastern Time), on the day the value of the foreign security is determined. Short-term investments with remaining maturities of 60 days or less at the time of purchase are valued at amortized cost. Investments in other open-end investment companies are valued at the NAV. In each of these situations, valuations are typically categorized as Level 2 in the fair value hierarchy.

Under certain circumstances, a good faith determination of the fair value of a security may be used instead of its current market value, even if the security’s market price is readily available. In such circumstances, the Trust’s Administrator may request that the Trust’s Pricing Committee make its own fair value determination.

Securities for which market quotations are not readily available are valued at fair value under Trust procedures approved by the Trustees. In these cases, a Pricing Committee established and appointed by the Trustees determines in good faith, subject to Trust procedures, the fair value of portfolio securities held by a Fund (“good faith fair valuation”). When a good faith fair valuation of a security is required, consideration is generally given to a number of factors including, but not limited to the following: dealer quotes, published analyses by dealers or analysts regarding the security, transactions which provide implicit valuation of the security (such as a merger or tender offer transaction), the value of other securities or contracts which derive their value from the security at issue, and the implications of any other circumstances which have caused trading in the security to halt. With respect to certain narrow categories of securities, the procedures utilized by the Pricing Committee detail specific valuation methodologies to be applied in lieu of considering the aforementioned list of factors. Depending on the source and relative significance of valuation inputs, these instruments may be classified as Level 2 or Level 3 in the fair value hierarchy.

Fair valuation procedures are also used when a significant event affecting the value of a portfolio security is determined to have occurred between the time when the price of the portfolio security is determined and the close of trading on the NYSE, which is when each Fund’s NAV is computed. An event is considered significant if there is both an affirmative expectation that the security’s value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Significant events include significant securities market movements occurring between the time the price of the portfolio security is determined and the close of trading on the NYSE. For domestic fixed income securities, such events may occur where the cut-off time for the market information used by the independent pricing service is earlier than the end of regular trading on the NYSE. For securities normally priced at their last sale price in a foreign market, such events can occur between the close of trading in the foreign market and the close of trading on the NYSE.

In some cases, events affecting the issuer of a portfolio security may be considered significant events. Examples of potentially significant events include announcements concerning earnings, acquisitions, new products, management changes, litigation developments, a strike or natural disaster affecting the company’s operations or regulatory changes or market developments affecting the issuer’s industry occurring between the time when the price of the portfolio security is determined and the close of

48

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

trading on the NYSE. For securities of foreign issuers, such events could also include political or other developments affecting the economy or markets in which the issuer conducts its operations or its securities are traded.

There can be no assurance that a Fund could purchase or sell a portfolio security at the price used to calculate the Fund’s NAV. In the case of good faith fair valued portfolio securities, lack of information and uncertainty as to the significance of information may lead to a conclusion that a prior valuation is the best indication of a portfolio security’s present value. Good faith fair valuations generally remain unchanged until new information becomes available. Consequently, changes in good faith fair valuation of portfolio securities may be less frequent and of greater magnitude than changes in the price of portfolio securities valued at their last sale price, by an independent pricing service, or based on market quotations.

The Funds’ Trustees have authorized the use of an independent fair valuation service to monitor changes in a designated U.S. market index after foreign markets close, and to implement a fair valuation methodology to adjust the closing prices of foreign securities. If the movement in the index is greater than predetermined levels, the Funds may use a systematic valuation model provided by an independent third party to fair value its international equity securities, which are then typically categorized as Level 2 in the fair value hierarchy.

In accordance with the valuation procedures adopted by the Trustees, real estate investments are fair valued using methods such as discounted cash flow models, various real estate debt spreads, and other market indicators, which the Trustees deem indicative of the estimated fair value of the real estate investments.

The following is a summary of the inputs used to value the Funds’ investments as of June 30, 2013, based on the three levels defined above:

	LEVEL 1		LEVEL 2		LEVEL 3		Total
VA Balanced Fund
Investment Securities:
Mutual Funds	$	42,918,941	$	—	$	—	$	42,918,941
Cash Equivalents		560,510		—		—		560,510
Total Investment Securities		43,479,451		—		—		43,479,451
VA Dividend Capture Fund
Investment Securities:
Common Stocks
Consumer Discretionary		1,354,692		—		—		1,354,692
Consumer Staples		2,412,581		—		—		2,412,581
Energy		6,450,867		—		—		6,450,867
Financials		6,445,279		—		—		6,445,279
Health Care		2,373,976		—		—		2,373,976
Industrials		3,311,534		—		—		3,311,534
Information Technology		2,681,076		—		—		2,681,076
Materials		1,127,652		—		—		1,127,652
Real Estate Investment Trusts		2,587,852		—		—		2,587,852
Telecommunication Services		942,496		—		—		942,496
Utilities		1,399,092		—		—		1,399,092
Preferred Stocks
Financials		5,056,935		—		—		5,056,935
Industrials		464,740		—		—		464,740
Real Estate Investment Trusts		1,605,013		—		—		1,605,013
Telecommunication Services		720,090		—		—		720,090
Utilities		1,340,250		—		—		1,340,250
Exchange-Traded Funds		1,027,650		—		—		1,027,650
Cash Equivalents		623,301		—		—		623,301
Short-Term Securities Held as Collateral for Securities Lending		4,084,661		—		—		4,084,661
Total Investment Securities		46,009,737		—		—		46,009,737

49

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

	LEVEL 1			LEVEL 2		LEVEL 3		Total
VA Growth Fund
Investment Securities:
Common Stocks
Consumer Discretionary	$	2,382,582		$	—	$	—	$	2,382,582
Consumer Staples		1,588,491			—		—		1,588,491
Energy		1,087,123			—		—		1,087,123
Financials		1,129,982			—		—		1,129,982
Health Care		3,226,074			—		—		3,226,074
Industrials		1,296,817			—		—		1,296,817
Information Technology		5,078,591			—		—		5,078,591
Materials		773,847			—		—		773,847
Cash Equivalents		615,020			—		—		615,020
Short-Term Securities Held as Collateral for Securities Lending		608,349			—		—		608,349
Total Investment Securities		17,786,876			—		—		17,786,876
VA Income Equity Fund
Investment Securities:
Common Stocks
Consumer Discretionary		1,191,994			—		—		1,191,994
Consumer Staples		1,613,971			—		—		1,613,971
Energy		3,607,443			—		—		3,607,443
Financials		3,426,441			—		—		3,426,441
Health Care		1,805,440			—		—		1,805,440
Industrials		2,256,237			—		—		2,256,237
Information Technology		2,279,583			—		—		2,279,583
Materials		934,781			—		—		934,781
Real Estate Investment Trusts		1,474,831			—		—		1,474,831
Telecommunication Services		731,934			—		—		731,934
Utilities		1,151,301			—		—		1,151,301
Cash Equivalents		252,736			—		—		252,736
Short-Term Securities Held as Collateral for Securities Lending		1,922,580			—		—		1,922,580
Total Investment Securities		22,649,272			—		—		22,649,272
Other Financial Instruments:*
Written Options		(25,702	)		—		—		(25,702	)
Total Investments		22,623,570			—		—		22,623,570
VA International Equity Fund
Investment Securities:
Common Stocks
Consumer Discretionary		2,564,702			—		—		2,564,702
Consumer Staples		2,659,666			—		—		2,659,666
Energy		1,542,037			—		—		1,542,037
Financials		7,908,770			—		—		7,908,770
Health Care		3,465,949			—		—		3,465,949
Industrials		4,364,400			—		—		4,364,400
Information Technology		2,557,048			—		—		2,557,048
Materials		2,159,057			—		—		2,159,057
Real Estate Investment Trusts		12,321			—		—		12,321
Telecommunication Services		1,586,338			—		—		1,586,338
Utilities		570,571			—		—		570,571
Cash Equivalents		2,532,948			—		—		2,532,948
Total Investment Securities		31,923,807			—		—		31,923,807

50

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

	LEVEL 1			LEVEL 2		LEVEL 3		Total
VA Mid Corp America Fund
Investment Securities:
Common Stocks
Consumer Discretionary	$	2,320,165		$	—	$	—	$	2,320,165
Consumer Staples		906,429			—		—		906,429
Energy		1,724,200			—		—		1,724,200
Financials		3,804,935			—		—		3,804,935
Health Care		4,265,045			—		—		4,265,045
Industrials		3,806,433			—		—		3,806,433
Information Technology		5,164,877			—		—		5,164,877
Materials		1,369,035			—		—		1,369,035
Real Estate Investment Trusts		1,741,814			—		—		1,741,814
Telecommunication Services		93,408			—		—		93,408
Utilities		802,019			—		—		802,019
Cash Equivalents		36,806			—		—		36,806
Short-Term Securities Held as Collateral for Securities Lending		1,284,978			—		—		1,284,978
Total Investment Securities		27,320,144			—		—		27,320,144
VA Real Strategies Fund
Investment Securities:
Common Stocks
Consumer Staples		89,170			—		—		89,170
Energy		1,473,284			—		—		1,473,284
Industrials		674,334			—		—		674,334
Materials		554,963			—		—		554,963
Exchange-Traded Funds		241,372			—		—		241,372
Real Estate Investments		—			—		245,103		245,103
Closed-End Fund		91,664			—		—		91,664
Exchange-Traded Notes		48,834			—		—		48,834
Cash Equivalents		242,351			—		—		242,351
Warrants		3			—		—		3
Short-Term Securities Held as Collateral for Securities Lending		815,606			—		—		815,606
Total Investment Securities		4,231,581			—		245,103		4,476,684
Other Financial Instruments:*
Written Options		(60	)		—		—		(60	)
Total Investments		4,231,521			—		245,103		4,476,624
VA Rotating Markets Fund
Investment Securities:
Common Stocks
Consumer Discretionary		743,993			—		—		743,993
Consumer Staples		232,567			—		—		232,567
Energy		343,143			—		—		343,143
Financials		722,183			—		—		722,183
Health Care		624,856			—		—		624,856
Industrials		1,086,997			—		—		1,086,997
Information Technology		821,019			—		—		821,019
Materials		445,813			—		—		445,813
Real Estate Investment Trusts		565,436			—		—		565,436
Telecommunication Services		45,046			—		—		45,046
Utilities		277,941			—		—		277,941
Exchange-Traded Funds		46,284			—		—		46,284
Cash Equivalents		77,319			—		—		77,319
Short-Term Securities Held as Collateral for Securities Lending		143,255			—		—		143,255
Total Investment Securities		6,175,852			—		—		6,175,852

51

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

	LEVEL 1			LEVEL 2		LEVEL 3		Total
VA Situs Fund
Investment Securities:
Common Stocks
Consumer Discretionary	$	7,687,772		$	—	$	—	$	7,687,772
Consumer Staples		1,656,316			—		—		1,656,316
Energy		1,544,607			—		—		1,544,607
Financials		7,441,348			—		—		7,441,348
Health Care		5,998,241			—		—		5,998,241
Industrials		8,953,152			—		—		8,953,152
Information Technology		12,205,790			—		—		12,205,790
Materials		6,447,608			—		—		6,447,608
Real Estate Investment Trusts		610,986			—		—		610,986
Telecommunication Services		117,450			—		—		117,450
Utilities		768,635			—		—		768,635
Exchange-Traded Funds		113,820			—		—		113,820
Cash Equivalents		1,482,949			—		—		1,482,949
Short-Term Securities Held as Collateral for Securities Lending		6,948,068			—		—		6,948,068
Total Investment Securities		61,976,742			—		—		61,976,742
Other Financial Instruments:*
Written Options		(127,503	)		—		—		(127,503	)
Total Investments		61,849,239			—		—		61,849,239
VA Mortgage Securities Fund
Investment Securities:
U.S. Government Mortgage Backed Agencies
Federal Home Loan Mortgage Corporation		—			2,839,147		—		2,839,147
Federal National Mortgage Association		—			7,612,762		—		7,612,762
Government National Mortgage Association		—			2,095,184		—		2,095,184
Common Stocks
Real Estate Investment Trusts		2,439,124			—		—		2,439,124
U.S. Government Agencies
Federal Farm Credit Bank		—			1,495,187		—		1,495,187
Federal Home Loan Bank		—			1,110,441				1,110,441
Federal Home Loan Mortgage Corporation		—			598,633				598,633
Federal National Mortgage Association		—			250,533		—		250,533
Collateralized Mortgage Obligations
Federal Home Loan Bank		—			15,462		—		15,462
Federal Home Loan Mortgage Corporation		—			160,411				160,411
Federal National Mortgage Association		—			19,533		—		19,533
Cash Equivalents		475,810			—		—		475,810
Short-Term Securities Held as Collateral for Securities Lending		104,842			—		—		104,842
Total Investment Securities		3,019,776			16,197,293		—		19,217,069

* Other Financial Instruments are derivative instruments not reflected on the Portfolio of Investments, such as written option contracts.

52

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

The following is a summary of the transfers between Level 1 and Level 2 of the fair value hierarchy for the six months ended June 30, 2013:

	Transfers from Level 1 to Level 2		Transfers from Level 2 to Level 1
VA International Equity Fund
Common Stocks
Consumer Discretionary	$	—	$	1,847,203
Consumer Staples		—		2,225,004
Energy		—		1,734,801
Financials		—		3,332,030
Health Care		—		473,996
Industrials		—		4,891,618
Information Technology		—		1,272,794
Materials		—		1,196,615
Telecommunication Services		—		896,930
Utilities		—		592,948
Total	$	—	$	18,463,939
VA Situs Fund
Common Stocks
Consumer Discretionary	$	—	$	197,973
Consumer Staples		—		184,813
Health Care		—		61,469
Industrials		—		660,599
Information Technology		—		68,427
Total	$	—	$	1,173,281

Transfers from Level 1 to Level 2 are due to significant movement of a designated U.S. market index, triggering a systematic valuation model provided by an independent third party to fair value the international equity securities at reporting period end. Transfers from Level 2 to Level 1 indicate that the fair value trigger did not occur as of the reporting period end.

Quantitative Information about Level 3 Fair Value Measurements
Type of Assets	Fair Value At June  30, 2013		Valuation Techniques		Unobservable Input(s)		Range (weighted average)
VA Real Strategies Fund
Real Estate Investments	$	245,103		Discounted cash flow		Discount Rate		1.5%-16.5% (9.3%)
						Market Cap Rate		7.0%-12.0% (8.7%)

The significant unobservable inputs used in the fair value measurement of VA Real Strategies Fund’s investments in real estate investments were cash flows and discount and market cap rates. An increase in the cash flows and/or market cap rate or decreases in the discount rate used would increase the value of the investment. A decrease in the cash flows and/or market cap rate or increases in the discount rate used would decrease the value of the investment. Although the changes in the unobservable inputs may significantly change the security’s value, significant and reasonable changes to any of these inputs would not significantly impact the net assets of the VA Real Strategies Fund.

53

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

Following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:

	Real Estate Investments
VA Real Strategies Fund
Balance as of December 31, 2012	$	233,195
Transfers into Level 3		—
Transfers out of Level 3		—
Purchases		—
Sales		—
Realized Gain		—
Realized Loss		—
Change in unrealized appreciation (depreciation)		11,908
Ending Balance as of June 30, 2013	$	245,103

B. Repurchase Agreements

The Funds may enter into repurchase agreements with banks and other recognized financial institutions, such as broker/dealers, which are deemed by Huntington Asset Advisors, Inc., the Funds’ investment adviser, to be creditworthy pursuant to the guidelines and/or standards reviewed or established by the Trustees. It is the policy of the Funds to require the custodian bank to take possession of, to have legally segregated in the Federal Reserve Book Entry System, or to have segregated within the custodian bank’s vault, all securities held as collateral under repurchase agreement transactions. Additionally, procedures have been established by the Funds to monitor, on a daily basis, the market value of each repurchase agreement’s collateral to ensure that the value of collateral at least equals the repurchase price to be paid under the repurchase agreement transaction. If the counterparty defaults and the fair value of the collateral declines, realization of the collateral by the Funds may be delayed or limited. The Funds did not own any repurchase agreements at June 30, 2013.

C. When-Issued and Delayed Transactions

The Funds may engage in when-issued or delayed delivery transactions. The Funds record when-issued securities on the trade date and maintain security positions such that sufficient liquid assets will be available to make payment for the securities purchased. Securities purchased on a when-issued or delayed delivery basis are marked to market daily and begin earning interest on the settlement date. Losses may occur on these transactions due to changes in market conditions or the failure of counterparties to perform under the contract. The Funds did not own any when-issued securities at June 30, 2013.

D. Foreign Currency Translation

The accounting records of the Funds are maintained in U.S. dollars. Foreign currency amounts are translated into U.S. dollars at the current rate of exchange each business day to determine the value of investments, and other assets and liabilities. Purchases and sales of foreign securities, and income and expenses, are translated at the prevailing rate of exchange on the respective date of these transactions. The Funds do not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuation arising from changes in market prices of securities held. These fluctuations are included with the net realized and unrealized gain or loss from investments and foreign currency transactions.

E. Derivative Instruments

Certain of the Funds may be subject to equity price risk and foreign currency exchange risk in the normal course of pursuing their investment objectives. Certain of the Funds may invest in various financial instruments including positions in foreign currency contracts and written option contracts to gain exposure to or hedge against changes in the value of equities or foreign currencies. The following is a description of the derivative instruments utilized by the Funds, including the primary underlying risk exposure related to each instrument type.

Foreign Exchange Contracts—VA International Equity Fund, VA Real Strategies Fund and VA Situs Fund may enter into forward foreign exchange contracts. A forward foreign exchange contract involves an obligation to purchase or sell a specific currency at a future date at a price set at the time of the contract. Such contracts are used to sell unwanted currency exposure that comes with holding securities in a market, or to buy currency exposure where the exposure from holding securities is insufficient to provide the desired currency exposure. The contracts are marked-to-market daily and the change in market value is recorded as unrealized appreciation or depreciation. When a forward foreign currency contract is closed, a Fund records a realized gain or

54

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Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

loss equal to the difference between the value at the time it was opened and the value at the time it was closed. These unrealized and realized gains and losses are reported on the Statement of Operations. The Funds could be exposed to risks if the counterparties to the contracts are unable to meet the terms of their contracts and from unanticipated movements in exchange rates. At June 30, 2013, VA International Equity Fund, VA Real Strategies Fund and VA Situs Fund did not have any forward foreign exchange contracts outstanding.

Written Options Contracts—Certain of the Funds may write options contracts for which premiums received are recorded as liabilities and are subsequently adjusted to the current value of the options written. Premiums received from writing options which expire are treated as realized gains. Premiums received from writing options which are either exercised or closed are offset against the proceeds received or amount paid on the transaction to determine realized gains or losses. Investing in written options contracts exposes a Fund to equity price risk.

The following is a summary of VA Income Equity Fund’s written option activity for the six months ended June 30, 2013:

Contracts	Number of Contracts			Premium
Outstanding at 12/31/2012		—		$	—
Options written		1,870			103,424
Options expired		(540	)		(16,616	)
Options closed		—			—
Options exercised		(489	)		(21,909	)
Outstanding at 6/30/2013		841		$	64,899

At June 30, 2013, VA Income Equity Fund had the following outstanding written option contracts:

Contract	Type		Expiration Date	Exercise Price		Number of Contracts		Fair Value		Unrealized Appreciation (Depreciation)
AbbVie, Inc.		Call	August 2013	$	47.5		55	$	688	$	3,477
Apple, Inc.		Call	August 2013		475		6		654		5,658
Blackstone Group LP		Call	September 2013		24		110		3,355		6,322
Comcast Corp., Class A		Call	July 2013		44		50		500		348
Eaton Corp. PLC		Call	July 2013		70		35		525		3,744
Eli Lilly & Co.		Call	July 2013		57.5		45		180		1,393
Ford Motor Co.		Call	August 2013		17		170		2,040		2,119
Hewlett-Packard Co.		Call	August 2013		27		125		4,875		3,145
LyondellBassell Industries N.V.		Call	September 2013		70		45		10,575		538
Marathon Oil Corp.		Call	July 2013		38		90		630		2,988
Valero Energy Corp.		Call	September 2013		44		60		1,230		8,368
Walgreen Co.		Call	July 2013		55		50		450		1,097
NET UNREALIZED APPRECIATION ON WRITTEN OPTION CONTRACTS										$	39,197

The following is a summary of VA Real Strategies Fund’s written option activity for the six months ended June 30, 2013:

Contracts	Number of Contracts			Premium
Outstanding at 12/31/2012		—		$	—
Options written		24			1,542
Options expired		—			—
Options closed		(12	)		(862	)
Options exercised		—			—
Outstanding at 6/30/2013		12		$	680

55

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

At June 30, 2013, VA Real Strategies Fund had the following outstanding written option contracts:

Contract	Type		Expiration Date		Exercise Price		Number of Contracts		Fair Value		Unrealized Appreciation (Depreciation)
Freeport-McMoRan Copper & Gold, Inc.		Call		July 2013	$	31		12	$	60	$	620
NET UNREALIZED APPRECIATION ON WRITTEN OPTION CONTRACTS											$	620

The following is a summary of VA Situs Fund’s written option activity for the six months ended June 30, 2013:

Contracts	Number of Contracts			Premium
Outstanding at 12/31/2012		150		$	56,121
Options written		1,426			421,468
Options expired		(330	)		(107,153	)
Options closed		(123	)		(29,082	)
Options exercised		(290	)		(63,329	)
Outstanding at 6/30/2013		833		$	278,025

At June 30, 2013, VA Situs Fund had the following outstanding written option contracts:

Contract	Type		Expiration Date		Exercise Price		Number of Contracts		Fair Value		Unrealized Appreciation (Depreciation)
Cabela’s, Inc., Class A		Call		September 2013	$	70		50	$	12,750	$	12,114
Cabela’s, Inc., Class A		Call		September 2013		75		100		12,500		18,439
Cabela’s, Inc., Class A		Call		September 2013		80		100		5,750		11,151
Cabela’s, Inc., Class A		Call		December 2013		80		100		19,500		12,695
Cerner Corp.		Call		September 2013		100		50		16,500		7,064
Geospace Technologies Corp.		Call		September 2013		90		40		4,100		29,778
Geospace Technologies Corp.		Call		September 2013		95		40		2,400		24,078
Geospace Technologies Corp.		Call		September 2013		100		40		1,300		17,878
Geospace Technologies Corp.		Call		September 2013		105		40		2,100		11,578
Sturm Ruger & Co., Inc.		Call		July 2013		50.5		73		3,103		7,684
Raymond James Financial, Inc.		Call		July 2013		40		100		31,500		(5,633	)
Trinity Industries, Inc.		Call		October 2013		41		100		16,000		3,696
NET UNREALIZED APPRECIATION ON WRITTEN OPTION CONTRACTS											$	150,522

The following tables provide a summary of the fair value of derivative instruments, not accounted for as hedging instruments as of June 30, 2013, and the effect of derivative instruments on the Statements of Operations for the six months ended June 30, 2013.

The fair value of Derivative Instruments as of June 30, 2013 is as follows:

	Asset Derivatives	Liability Derivatives
Primary Risk Exposure	Statements of Assets and Liabilities Location	Statements of Assets and Liabilities Location	Fund	Fair Value
Option Contracts		Options Written, at value	VA Income Equity Fund	$	25,702
			VA Real Strategies Fund		60
			VA Situs Fund		127,503

56

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

The effect of Derivative Instruments on the Statements of Operations for the six months ended June 30, 2013 is as follows:

Primary Risk Exposure	Location of Gain (Loss) on Derivatives Recognized from Operations	Fund	Realized Gain (Loss) on Derivatives Recognized from Operations			Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized from Operations
Option Contracts	Net realized gain (loss) on option transactions/net change in unrealized appreciation(depreciation) of investments and options	VA Income Equity Fund VA Real Strategies Fund VA Situs Fund	$	16,616 (444 118,188	)	$	39,198 1,095 125,526

BALANCE SHEET OFFSETTING INFORMATION -

The following tables provide a summary of offsetting financial liabilities and derivatives and the effect of derivative instruments on the Statements of Assets and Liabilities as of June 30, 2013.

SECURITIES LOANED

							Gross Amounts Not Offset in Statements of Assets and Liabilities
Fund	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in Statements of Assets and Liabilities		Net Amounts of Liabilities Presented in Statements of Assets and Liabilities		Financial Instruments			Cash Collateral Pledged		Net Amount (not less than 0)
VA Dividend Capture Fund	$	4,084,661	$	—	$	4,084,661	$	(4,084,661	)	$	—	$	—
VA Growth Fund		608,349		—		608,349		(608,349	)		—		—
VA Income Equity Fund		1,922,580		—		1,922,580		(1,922,580	)		—		—
VA Mid Corp America Fund		1,284,978		—		1,284,978		(1,284,978	)		—		—
VA Real Strategies Fund		815,606		—		815,606		(815,606	)		—		—
VA Rotating Markets Fund		143,255		—		143,255		(143,255	)		—		—
VA Situs Fund		6,948,068		—		6,948,068		(6,948,068	)		—		—
VA Mortgage Securities Fund		104,842		—		104,842		(104,842	)		—		—

WRITTEN OPTIONS

							Gross Amounts Not Offset in Statements of Assets and Liabilities
Fund	Gross Amounts of Recognized Liabilities1		Gross Amounts Offset in Statements of Assets and Liabilities		Net Amounts of Liabilities Presented in Statements of Assets and Liabilities		Financial Instruments			Cash Collateral Pledged		Net Amount (not less than 0)
VA Income Equity Fund	$	25,702	$	—	$	25,702	$	(3,557,300	)	$	—	$	—
VA Real Strategies Fund		60		—		60		(33,132	)		—		—
VA Situs Fund		127,503		—		127,503		(13,141,860	)		—		—

¹  Gross Amounts of Recognized Liabilities as presented on the Statements of Assets and Liabilities are the actual closing values of liabilities outstanding as of June 30, 2013. Notional Values for Written Options as of June 30, 2013 are presented in the subsequent table.

57

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

The notional value of the written options contracts outstanding at June 30, 2013 and the month-end average notional amount for the six months ended June 30, 2013 are detailed in the table below:

Fund	Average Month-End Notional Amount		June 30, 2013 Notional Amount
VA Income Equity Fund	$	2,138,743	$	3,356,500
VA Real Strategies Fund		5,314		37,200
VA Situs Fund		2,755,521		5,688,650

Derivative positions during the period and at period end are reflected for each Fund in the tables presented above. The volume of these positions relative to each Fund’s net assets at the close of the reporting period is generally higher than the volume of such positions at the beginning of the reporting period. The Funds value derivative instruments at fair value and recognize changes in fair value currently in the results from operations.

F. Securities Lending

To generate additional income, the Funds may lend a certain percentage of their total assets, to the extent permitted by the 1940 Act or the rules or regulations thereunder, on a short-term basis to certain brokers, dealers or other financial institutions pursuant to a securities lending agreement with Morgan Stanley & Co. LLC. In determining whether to lend to a particular broker, dealer or financial institution, Huntington Asset Advisors, Inc., the Funds’ investment adviser, will consider all relevant facts and circumstances, including the size, creditworthiness and reputation of the borrower. Any loans made will be continuously secured by collateral in cash at least equal to 100% of the value of the securities on loan for the Funds, based on the prior day’s closing price. When the collateral falls below specified amounts the lending agent will use its best effort to obtain additional collateral on the next business day to meet required amounts under the security lending agreement. The Funds receive payments from the borrowers equivalent to the dividends and interest that would have been earned on securities on loan. In addition, the Funds’ lending securities receive an annual securities lending fee and retain a portion of the interest, dividends and other distributions received on investment of cash collateral. Collateral is marked-to-market daily. One of the risks in lending portfolio securities, as with other extensions of credit, is the possible delay in recovery of the securities or possible loss of rights in the collateral should the borrower fail financially. Although the loan is fully collateralized, if a borrower defaults, a Fund could lose money. There is also the risk that, when lending portfolio securities, the securities may not be available to a Fund on a timely basis and a Fund may, therefore, lose the opportunity to sell the securities at a desirable price. In addition, in the event that a borrower of securities would file for bankruptcy or become insolvent, disposition of the securities may be delayed pending court action. Loans are subject to termination by the Funds or the borrower at any time and, therefore, are not considered to be illiquid investments. Huntington National Bank (“Huntington”) serves as the custodian and receives an annual securities lending fee for collateral monitoring and recordkeeping services.

As of June 30, 2013, the following Funds had securities with the following market values on loan and related activity:

Fund	Value of Loaned Securities		Value of Collateral		Average Loan Outstanding During the Period		Securities Lending Income Received by the Funds		Fees Paid the Funds to Huntington from Securities  Lending
VA Dividend Capture Fund	$	3,984,524	$	4,084,661	$	2,729,922	$	26,154	$	4,711
VA Growth Fund		592,898		608,349		475,929		2,935		496
VA Income Equity Fund		1,892,164		1,922,580		2,174,258		2,098		371
VA International Equity Fund		—		—		1,271,740		9,004		1,488
VA Mid Corp America Fund		1,256,524		1,284,978		1,152,326		21,948		3,968
VA Real Strategies Fund		804,461		815,606		527,891		18,026		3,224
VA Rotating Markets Fund		140,579		143,255		121,651		736		123
VA Situs Fund		6,764,794		6,948,068		5,284,830		22,580		3,968
VA Mortgage Securities Fund		102,094		104,842		99,632		517		100

G. Restricted Securities

Restricted securities are securities that may only be resold upon registration under federal securities laws or in transactions exempt from such registration. In some cases, the issuer of restricted securities has agreed to register such securities for resale, at the issuer’s expense, either upon demand by the Funds or in connection with another registered offering of the securities. Many restricted securities may be resold in the secondary market in transactions exempt from registration. Such restricted securities may be determined to be liquid. The Funds will not incur any registration costs upon such resale. The Funds’ restricted securities

58

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

are valued at the price provided by dealers in the secondary market or, if no market prices are available, at the fair value price as determined by the Trust’s Pricing Committee. At June 30, 2013, the VA Real Strategies Fund held illiquid restricted securities representing 6.69% respectively, of net assets as listed below:

Issuer Description	Acquisition Date		Cost		Value
VA Real Strategies Fund:
Discount Retail Portfolio II DST		11/30/11	$	50,000	$	48,329
Grocery & Pharmacy DST		8/26/11		50,000		52,582
New York Power DST		7/21/11		50,000		45,382
Scotts Gahanna LLC		12/13/11		56,000		53,597
Winston-Salem DST		2/22/12		50,000		45,213

H. Security Transactions and Related Income

During the period, investment transactions are accounted for no later than the first calculation of the NAV on the business day following the trade date. For financial reporting purposes, however, security transactions are accounted for on trade date on the last business day of the reporting period. Discounts and premiums on securities purchased are amortized over the lives of the respective securities. Securities gains and losses are calculated on the identified cost basis. Interest income and expenses are accrued daily. Dividends, less foreign tax withholding (if any), are recorded on the ex-dividend date.

I. Dividends and Distributions to Shareholders

Dividends from net investment income, if any, are declared and paid annually for the Funds. Net realized capital gains, if any, are distributed at least annually. The amount of dividends from net investment income and net realized gains are determined in accordance with the federal income tax regulations, which may differ from GAAP. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature (e.g. tax treatment of foreign currency gain/loss, non-deductible stock issuance costs, paydowns, distributions and income received from pass through investments and net investment loss adjustments), such amounts are reclassified within the capital accounts based on their nature for federal income tax purposes; temporary differences do not require reclassification. Temporary differences are primarily due to market discounts, capital loss carryforwards and losses deferred due to wash sales, straddles and return of capital from investments.

Certain of the Funds may own shares of real estate investment trusts (“REITs”) which report information on the source of their distributions annually. Distributions received from investments in REITs in excess of income from underlying investments are recorded as realized gain and/or as a reduction to the cost of the individual REIT.

Certain of the Funds may invest in Master Limited Partnerships (“MLPs”), which generally are treated as partnerships for Federal income tax purposes. As a limited partner in the MLPs, the Fund includes its allocable share of the MLPs’ taxable income in computing its own taxable income.

J. Expenses

Expenses directly attributable to a Fund are charged to that Fund. Expenses not directly attributable to a Fund are allocated proportionally among various Funds or all Funds within the Trust in relation to the net assets of each Fund or on another reasonable basis.

K. Federal Income Taxes

It is the policy of each Fund to continue to qualify as a regulated investment company by complying with the provisions available to certain investment companies, as defined in applicable sections of the Internal Revenue Code, and to make distributions of net investment income and net realized capital gains sufficient to relieve it from all, or substantially all, federal income taxes. In addition to complying with the federal tax requirements applicable to regulated investment companies, the Funds also plan to comply with certain diversification standards applicable to underlying assets of variable annuity contracts in order to avoid taxation on the variable contract owners with respect to earnings allocable to the contract from investments in the Funds.

Withholding taxes on foreign interest, dividends and capital gains with respect to the Funds have been provided for in accordance with each applicable country’s tax rules and rates.

59

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

As of June 30, 2013, the tax cost of securities and the breakdown of unrealized appreciation (depreciation) for each Fund was as follows:

Fund	Tax Cost of Securities		Unrealized Appreciation		Unrealized Depreciation			Net Unrealized Appreciation/ (Depreciation)*
VA Balanced Fund	$	37,767,543	$	5,854,903	$	(142,995	)	$	5,711,908
VA Dividend Capture Fund		43,813,978		2,836,661		(640,902	)		2,195,759
VA Growth Fund		16,088,307		2,101,110		(402,541	)		1,698,569
VA Income Equity Fund		20,612,941		2,383,808		(347,477	)		2,036,331
VA International Equity Fund		27,197,873		5,392,616		(666,682	)		4,725,934
VA Mid Corp America Fund		17,723,947		9,682,640		(86,443	)		9,596,197
VA Real Strategies Fund		4,652,480		298,860		(474,656	)		(175,796	)
VA Rotating Markets Fund		5,906,568		447,869		(178,585	)		269,284
VA Situs Fund		47,582,593		15,451,178		(1,057,029	)		14,394,149
VA Mortgage Securities Fund		18,349,877		1,037,845		(170,653	)		867,192

* The differences between the book-basis unrealized appreciation/(depreciation) are attributable primarily to: tax deferral of losses on wash sales, the tax treatment of Trust Preferred securities, hybrid securities and Grantor trusts, differences related to partnership investments, the realization for tax purposes of unrealized gains/losses on investments in passive foreign investment companies and the return of capital adjustments from real estate investment trusts.

The tax character of distributions paid during the fiscal year ended December 31, 2012, was as follows:

	Distributions Paid From *
Fund	Ordinary Income		Net Long Term Capital Gains		��	Total Taxable Distributions		Tax Return of Capital		Total Distributions Paid
VA Balanced Fund	$	689,697	$	160,698		$	850,395	$	—	$	850,395
VA Dividend Capture Fund		1,257,345		—			1,257,345		—		1,257,345
VA Growth Fund		61,447		—			61,447		—		61,447
VA Income Equity Fund		776,186		—			776,186		—		776,186
VA International Equity Fund		380,441		—			380,441		—		380,441
VA Macro 100 Fund		44,426		—			44,426		—		44,426
VA Mid Corp America Fund		63,776		1,305,821			1,369,597		—		1,369,597
VA Real Strategies Fund		8,929		18,205			27,134		—		27,134
VA Rotating Markets Fund		97,697		—			97,697		—		97,697
VA Mortgage Securities Fund		487,131		—			487,131		—		487,131

* The tax character of distributions paid may differ from the character of distributions shown on the statements of changes in net assets due to short-term capital gains being treated as ordinary income for tax purposes.

60

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

As of December 31, 2012, the components of accumulated earnings (deficit) on a tax basis were as follows:

Fund	Undistributed Ordinary Income		Undistributed Long-Term Capital Gains		Accumulated Earnings		Accumulated Capital and Other Losses			Other Temporary Differences			Unrealized Appreciation (Depreciation)			Total Accumulated Earnings (Deficit)
VA Balanced Fund	$	919,511	$	317,237	$	1,236,748	$	—		$	—		$	4,098,791		$	5,335,539
VA Dividend Capture Fund		1,294,812		—		1,294,812		(9,190,501	)		—			1,634,526			(6,261,163	)
VA Growth Fund		139,137		—		139,137		(872,453	)		—			1,471,057			737,741
VA Income Equity Fund		798,401		—		798,401		(4,397,616	)		—			1,714,004			(1,885,211	)
VA International Equity Fund		485,949		—		485,949		(3,973,807	)		(2,441	)		4,182,085			691,786
VA Macro 100 Fund		94,915		—		94,915		(2,277,540	)		—			759,623			(1,423,002	)
VA Mid Corp America Fund		807,542		881,931		1,689,473		(1,439,721	)		—			6,410,540			6,660,292
VA Real Strategies Fund		67,039		83,339		150,378		—			—			79,305			229,683
VA Rotating Markets Fund		46,795		581,280		628,075		—			—			(63,344	)		564,731
VA Situs Fund		220,517		—		220,517		(1,004,206	)		—			11,300,570			10,516,881
VA Mortgage Securities Fund		472,061		—		472,061		(411,605	)		—			1,319,273			1,379,729

Certain capital and qualified late year losses incurred after October 31 and within the current taxable year, are deemed to arise on the first business day of the Funds’ following taxable year. For the tax year ended December 31, 2012 the Funds deferred post October capital and qualified late year losses as follows:

Fund	Capital Losses		Qualified Late Year Losses
VA Growth Fund	$	149,243	$	—
VA Income Equity Fund		473,823		—
VA Mortgage Securities Fund		22,224		—

As of December 31, 2012, for federal income tax purposes, the following Funds had capital loss carryforwards available to offset future gains if any, to the extent provided by the Treasury regulations:

	Expiration Year
Fund	2013		2014		2015		2016			2017		2018
VA Dividend Capture Fund	$	—	$	—	$	—	$	—		$	9,190,501	$	—
VA Growth Fund		—		—		—		—			723,206		—
VA Income Equity Fund		—		—		—		—			3,923,793		—
VA International Equity Fund		—		—		—		—			1,812,920		567,263
VA Macro 100 Fund		—		—		—		1,345,904			436,650		494,985
VA Mid Corp America Fund		—		—		—		1,439,721	*		—		—
VA Situs Fund		—		—		—		—			910,379		93,827
VA Mortgage Securities Fund		—		—		—		100,360			90,146		21,805

* Future utilization of these losses is limited due to merger related capital loss carryover limitations.

During the year ended December 31, 2012 VA Dividend Capture Fund, VA Growth Fund, VA Income Equity Fund, VA Macro 100, VA Mid Corp America Fund, VA Rotating Markets Fund and VA Situs Fund utilized $1,903,006, $1,226,192, $1,075,779, $62,759, $176,757, $879,923 and $394,829, respectively, in capital loss carryforwards.

On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted, which changed various technical rules governing the tax treatment of regulated investment companies. The changes are generally effective for taxable years beginning after the date of enactment. One of the more prominent changes addresses capital loss carryforwards. Under the Act, each Fund will be permitted to carry forward capital losses incurred in taxable years beginning after the date of

61

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

Losses incurred that will be carried forward under the provisions of the Act are as follows:

	Loss Carryforward Character
Fund	Short Term		Long Term
VA International Equity Fund	$	653,181	$	940,443
VA Mortgage Securities Fund		68,437		108,633

Management of the Funds has reviewed tax positions taken in tax years that remain subject to examination by all major tax jurisdictions, including federal (i.e., the last four tax year ends and the interim tax period since then). Management believes there is no tax liability resulting from unrecognized tax benefits related to uncertain tax positions taken.

L. Subsequent Events

Management has evaluated events or transactions that may have occurred since June 30, 2013, that would merit recognition or disclosure in the financial statements. There were no items requiring adjustment of the financial statements or additional disclosure.

(3) Investment Advisory Fee and Other Transactions with Affiliates

Investment Advisory Fee—Huntington Asset Advisors, Inc. (the “Adviser”), a subsidiary of The Huntington National Bank (“Huntington”), serves as the Funds’ investment adviser. The Adviser receives a fee for its services, computed daily and paid monthly, at an annual rate of 0.60% of the average daily net assets of each Fund, except for VA Balanced Fund, for which the Adviser receives a fee, computed daily and paid monthly, at an annual rate of 0.10% of the average daily net assets of the VA Balanced Fund.

The Adviser has agreed to contractually waive all or a portion of its investment advisory fee for VA Balanced Fund (based on average daily net assets) to which it is otherwise entitled and/or to reimburse certain operating expenses of VA Balanced Fund in order to limit the total direct net annual operating expenses to not more than 0.10% of the average daily net assets of VA Balanced Fund through April 30, 2014. Huntington and the Adviser may also pay out of their reasonable profits and other resources (including those of their affiliates) advertising, marketing, and other expenses for the benefit of the Funds.

The Adviser has agreed to contractually waive all or a portion of its investment advisory fee for VA International Equity Fund, VA Rotating Markets Fund and VA Mortgage Securities Fund (based on average daily net assets) to which it is otherwise entitled to receive and/or to reimburse certain operating expenses of VA International Equity Fund, VA Rotating Markets Fund and VA Mortgage Securities Fund in order to limit the total direct net annual operating expenses and acquired (underlying) fund operating expenses to not more than 1.00% of the average daily net assets of each of VA International Equity Fund, VA Rotating Markets Fund and VA Mortgage Securities Fund through April 30, 2014.

The Adviser has agreed to contractually waive all or a portion of its investment advisory fee for VA Real Strategies Fund (based on average daily net assets) to which it is otherwise entitled to receive and/or to reimburse certain operating expenses of VA Real Strategies Fund in order to limit the total direct net annual operating expenses and acquired (underlying) fund operating expenses to not more than 1.20% of the average daily net assets of VA Real Strategies Fund through April 30, 2015.

62

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

Amounts waived or reimbursed in the contractual period may be recouped by the Adviser within three years of the waiver and/or reimbursement. As of June 30, 2013, the following amounts have been waived or reimbursed by the Adviser and are subject to repayment by the respective Fund:

Fund	Amount Waived or Reimbursed		Expiring Beginning December 31,
VA Balanced Fund	$	60,871		2013
		123,165		2014
		133,251		2015
		63,840		2016
VA International Equity Fund		832		2016
VA Real Strategies Fund		1,661		2016
VA Rotating Markets Fund		1,619		2016
VA Mortgage Securities Fund		2,623		2016

Administrative Fees—Huntington Asset Services, Inc. (“HASI”), a wholly owned subsidiary of Huntington Bancshares, Incorporated, serves as Administrator to the Trust. The fees paid for administrative services are based on the level of average net assets of each Fund for the period, subject to minimum fees in certain circumstances.

HASI provides administrative and accounting services at the following annual rate on a tiered basis:

Maximum Administrative Fee	Average Daily Net Assets of the Trust
0.1822%	On the first $4 billion
0.1650%	On the next $2 billion
0.1575%	On the next $2 billion
0.1450%	On assets in excess of $8 billion

There is no minimum annual fee per fund or class of shares.

Transfer and Dividend Disbursing Agent Fees and Expenses—HASI is the transfer and dividend disbursing agent for the Funds. For its services, HASI receives a yearly fixed amount per shareholder account, subject to a yearly minimum of $6,000 for each of the Funds. HASI is also entitled to receive additional amounts that may be activity or time-based charges, plus reimbursement for out-of-pocket expenses.

Custodian Fees—Huntington serves as custodian for each of the Funds. Brown Brothers Harriman serves as sub-custodian for VA International Equity Fund’s, VA Real Strategies Fund’s and VA Situs Fund’s foreign assets. Huntington and Brown Brothers Harriman receive fees based on the level of a Fund’s average daily net assets for the period, plus out-of-pocket expenses.

General—Certain officers of the Trust are Officers and/or Directors or Trustees of the above companies.

Each Trustee who is not an “interested person” of the Trust, as such term is defined in the 1940 Act, receives a $25,000 annual retainer plus $2,500 per regular Board meeting. The Audit Committee Chairman receives $33,000 annual retainer plus $2,500 per regular Board meeting. The Independent Chairman of the Board receives a $50,000 annual retainer plus $2,500 per regular Board meeting. The Board or a Committee may establish ad hoc committees or sub-committees. Any Committee or sub-committee member may be compensated by the Funds for incremental work outside of the regular meeting process based on the value added to the Funds. In addition, the Funds reimburse Trustees who are not employees of or affiliated with the Adviser for out-of-pocket expenses incurred in conjunction with attendance at meetings. For the six months ended June 30, 2013, actual Trustee compensation was $161,000 in aggregate from the Trust.

63

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

Pursuant to an exemptive order issued by the Securities and Exchange Commission, the Funds may invest in certain affiliated money market funds which are managed by the Adviser. Income distributions earned from investments in these funds are recorded as income from affiliates in the accompanying financial statements. A summary of each Fund’s investment in such affiliated money market funds is set forth below:

U.S. Treasury Money Market Fund	12/31/12 Market Value		Purchases		Sales			6/30/13 Market Value		Income
VA Dividend Capture Fund	$	606,094	$	7,312,511	$	(7,295,304	)	$	623,301	$	238
VA Growth Fund		211,691		3,790,023		(3,386,694	)		615,020		102
VA Income Equity Fund		712,658		2,433,676		(2,893,598	)		252,736		105
VA International Equity Fund		1,158,404		4,865,311		(3,490,767	)		2,532,948		436
VA Mid Corp America Fund		782,960		2,566,114		(3,312,268	)		36,806		222
VA Real Strategies Fund		194,383		778,514		(730,546	)		242,351		23
VA Rotating Markets Fund		86,329		549,037		(558,047	)		77,319		43
VA Situs Fund		2,078,878		13,944,796		(14,540,725	)		1,482,949		636
VA Mortgage Securities Fund		572,278		3,202,534		(3,299,002	)		475,810		135

Additionally, VA Balanced Fund invests in other funds within the Trust. A summary of the VA Balanced Fund’s investments in these affiliated funds is set forth below:

VA Balanced Fund	12/31/12 Market Value		Purchases		Sales			6/30/13 Market Value		Income
Huntington U.S. Treasury Money Market Fund	$	901,499	$	2,999,662	$	(3,340,651	)	$	560,510	$	194
Huntington Fixed Income Securities Fund		13,927,448		941,054		(635,022	)		13,710,479		208,175
VA Dividend Capture Fund		1,773,065		—		(301,667	)		3,976,416		—
VA Growth Fund		7,993,194		47,614		(869,225	)		7,892,400		—
VA Income Equity Fund		5,307,578		—		(588,078	)		4,268,482		—
VA International Equity Fund		4,460,478		69,217		(323,454	)		4,382,571		—
VA Macro 100 Fund		2,220,675		32,716		(182,391	)		—		32,716
VA Mid Corp America Fund		3,561,922		—		(540,203	)		3,521,645		—
VA Situs Fund		1,341,294		63,698		(207,618	)		1,321,455		—
VA Mortgage Securities Fund		2,876,808		134,069		(122,724	)		2,845,493		—

(4) Affiliated Issuers

Affiliated issuers, as defined under the Investment Company Act of 1940, are those in which a Fund’s holdings of an issuer represent 5% or more of the outstanding voting securities of the issuer. The Huntington Real Strategies Fund owns a 96% interest in Scotts Gahanna LLC. The VA Real Strategies Fund is an affiliate of the Huntington Real Strategies Fund, and together they own 100% of Scotts Gahanna LLC.

(5) VA Balanced Fund Structure

The VA Balanced Fund (“Investing Fund”), in accordance with its prospectus, seeks to achieve its investment objectives by investing in other investment companies (“Underlying Funds”) with similar investment objectives. As a result, investors in the Investing Fund incur expenses of both the Investing Fund and Underlying Funds, including transaction costs related to the purchases and sales of Underlying Fund shares.

64

Huntington Funds

Notes to Financial Statements (Unaudited) (continued)

June 30, 2013

(6) Investment Transactions

Purchases and sales of investments, excluding short-term securities, for the six months ended June 30, 2013, were as follows:

Fund	Purchases		Sales
VA Balanced Fund	$	1,288,368	$	3,770,382
VA Dividend Capture Fund		32,917,073		28,305,554
VA Growth Fund		20,655,732		21,955,231
VA Income Equity Fund		15,896,519		16,626,047
VA International Equity Fund		7,054,881		8,320,840
VA Mid Corp America Fund		201,955		2,287,197
VA Real Strategies Fund		1,189,007		1,180,839
VA Rotating Markets Fund		5,846,061		6,251,015
VA Situs Fund		11,763,194		5,087,163
VA Mortgage Securities Fund		2,047,725		2,367,762

Purchases and sales of long-term U.S. government securities for the six months ended June 30, 2013 were as follows:

Fund	Purchases		Sales
VA Mortgage Securities Fund	$	2,037,567	$	2,360,550

(7) Foreign Investment Risk

Compared with investing in the United States, investing in foreign markets involves a greater degree and variety of risk. Investors in international or foreign markets may face delayed settlements, currency controls and adverse economic developments as well as higher overall transaction costs. In addition, fluctuations in the U.S. dollar’s value versus other currencies may erode or reverse gains from investments denominated in foreign currencies or widen losses. Foreign governments may expropriate assets, impose capital or currency controls, impose punitive taxes, impose limits on ownership or nationalize a company or industry. Any of these actions could have a severe effect on security prices and impair the Fund’s ability to bring its capital or income back to the U.S. Exchange rate. Fluctuations also may impair an issuer’s ability to repay U.S. dollar denominated debt, thereby increasing credit risk of such debt. Finally, the value of foreign securities may be affected by incomplete, less frequent or inaccurate financial information about their issuers, social upheavals or political actions ranging from tax code changes to government collapse. Foreign companies may also receive less coverage than U.S. companies by market analysts and financial reporting standards or regulatory requirements comparable to those applicable to U.S. companies.

(8) Line of Credit

The Trust participates in a short-term credit agreement (“Line of Credit”) with Citibank, N.A. (“Citi”). Under the terms of the agreement, the Trust may borrow up to $20 million. The purpose of the agreement is to meet temporary or emergency cash needs, including redemption requests that might otherwise require the untimely disposition of securities. Citi receives an annual facility fee of 0.10% on $20 million for providing the Line of Credit. Each fund in the Trust pays a pro-rata portion of this facility fee plus any interest on amounts borrowed. For the six months ended June 30, 2013, the Funds did not borrow under this Line of Credit.

65

Huntington Funds

Supplemental Information (Unaudited)

Shareholder Expense Examples

Fund Expenses. As a shareholder of a Fund, you incur ongoing costs, including management fees and other Fund expenses. These examples are intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

These examples are based on an investment of $1,000.00 invested at the beginning of the period and held for the entire six-month period from January 1, 2013 to June 30, 2013.

Actual Expenses. The “Actual” lines of the table provide information about actual account values and actual expenses. You may use the information on this line together with the amount you invested to estimate the expense that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600.00 account value divided by $1,000.00 = 8.60), then multiply the result by the number in the “Actual” line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes. The “Hypothetical” lines of the table provide information about hypothetical account values and hypothetical expenses based on the Funds’ actual expense ratios and an assumed rate of return of 5% per year before expenses, which are not the Funds’ actual returns. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Funds and other funds. To do so, compare the 5% hypothetical examples with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as withdrawal charges, mortality and expense risk fees and other charges that may be assessed by participating insurance companies under the separate accounts, variable annuity contracts or variable life insurance policies. Therefore, the “Hypothetical” lines of the table are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Beginning Account Value, January 1, 2013		Ending Account Value, June 30, 2013		Expenses Paid During Period(1)		Annualized Expense Ratio
VA Balanced Fund
Actual	$	1,000.00	$	1,048.80	$	0.52		0.10	%
Hypothetical (2)	$	1,000.00	$	1,024.29	$	0.51		0.10	%
VA Dividend Capture Fund
Actual	$	1,000.00	$	1,106.70	$	4.83		0.93	%
Hypothetical (2)	$	1,000.00	$	1,020.21	$	4.63		0.93	%
VA Growth Fund
Actual	$	1,000.00	$	1,090.10	$	4.97		0.96	%
Hypothetical (2)	$	1,000.00	$	1,020.03	$	4.81		0.96	%
VA Income Equity Fund
Actual	$	1,000.00	$	1,104.20	$	4.92		0.94	%
Hypothetical (2)	$	1,000.00	$	1,020.12	$	4.72		0.94	%
VA International Equity Fund
Actual	$	1,000.00	$	1,037.90	$	4.88		0.97	%
Hypothetical (2)	$	1,000.00	$	1,020.00	$	4.84		0.97	%
VA Mid Corp America Fund
Actual	$	1,000.00	$	1,147.00	$	4.98		0.94	%
Hypothetical (2)	$	1,000.00	$	1,020.15	$	4.69		0.94	%
VA Real Strategies Fund
Actual	$	1,000.00	$	959.80	$	5.68		1.17	%
Hypothetical (2)	$	1,000.00	$	1,019.00	$	5.85		1.17	%
VA Rotating Markets Fund
Actual	$	1,000.00	$	1,075.60	$	5.62		1.09	%
Hypothetical (2)	$	1,000.00	$	1,019.38	$	5.47		1.09	%
VA Situs Fund
Actual	$	1,000.00	$	1,092.80	$	4.76		0.92	%
Hypothetical (2)	$	1,000.00	$	1,020.25	$	4.60		0.92	%

66

Huntington Funds

	Beginning Account Value, January 1, 2013		Ending Account Value, June 30, 2013		Expenses Paid During Period(1)		Annualized Expense Ratio
VA Mortgage Securities Fund
Actual	$	1,000.00	$	985.80	$	5.29		1.07	%
Hypothetical (2)	$	1,000.00	$	1,019.47	$	5.37		1.07	%

⁽¹⁾  Expenses are equal to the Fund’s annualized expense ratios, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). The annualized expense ratios reflect reimbursement of expenses by the Funds’ Adviser for the period beginning January 1, 2013 through June 30, 2013. The “Financial Highlights” tables in the Funds’ financial statements, included in the report, also show the gross expense ratios, without such reimbursements.

⁽²⁾  Hypothetical assumes 5% annual return before expenses.

67

Variable investment options are not bank deposits or obligations, are not guaranteed by any bank, and are not insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency. Investment in variable investment options involves investment risk, including the possible loss of principal.

This report is authorized for distribution to prospective investors only when preceded or accompanied by the Funds’ prospectus, which contains facts concerning each Fund’s objective and policies, management fees, expenses and other information.

VOTING PROXIES ON FUND PORTFOLIO SECURITIES

A copy of the policies and procedures that the Funds use to determine how to vote proxies relating to securities held in the Funds’ portfolios, as well as a record of how the Funds voted any such proxies during the most recent 12-month period ended June 30, is available without charge and upon request by calling 1-800-253-0412 or at www.huntingtonvafunds.com. This information is also available from the EDGAR database on the SEC’s website at www.sec.gov.

QUARTERLY PORTFOLIO SCHEDULE

The Funds file with the SEC a complete schedule of their portfolio holdings, as of the first and third quarters of their fiscal year, on “Form N-Q”. These filings are available on the SEC’s website at www.sec.gov and may be reviewed and copied at the SEC’s Public Reference Room in Washington, D.C. (call 1-202-551-8090 for information on the operation of the Public Reference Room.) You may also access this information at www.huntingtonvafunds.com by selecting “Form N-Q.”

The Huntington National Bank, a subsidiary of Huntington Bancshares, Inc., is the Custodian of The Huntington Funds. Huntington Asset Services, Inc. serves as the Administrator and Fund Accountant and is affiliated with the Huntington National Bank. Additionally, Brown Brothers Harriman & Co. is the Sub-Custodian of certain of the Funds. Huntington Asset Advisors, Inc., a subsidiary of the Huntington National Bank, serves as Investment Advisor to the Funds. Unified Financial Securities, Inc. serves as the Distributor of The Huntington Funds and is affiliated with the Huntington National Bank.

Huntington Shareholder Services: 800-253-0412

Item 2. Code of Ethics.

Not applicable.

Item 3. Audit Committee Financial Expert.

Not applicable.

Item 4. Principal Accountant Fees and Services.

Not applicable.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Schedule of Investments.

(a) Not applicable.

(b) Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

Not applicable.

Item 11. Controls and Procedures.

(a) The registrant’s Principal Executive Officer and Principal Financial Officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-2 under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing of this report on Form N-CSR.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the second fiscal quarter of the period covered by this report that have materially affected or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Exhibits.

(a)(1) The Not applicable.

(a)(2) Certifications pursuant to Rule 30a-2(a) are attached hereto.

(a)(3) Not applicable.

(b) Certifications pursuant to Rule 30a-2(b) are furnished herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) The Huntington Funds
By (Signature and Title)	/s/ R. Jeffrey Young
	R. Jeffrey Young, Chief Executive Officer and Principal Executive Officer
Date 9/6/2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)	/s/ R. Jeffrey Young
	R. Jeffrey Young, Chief Executive Officer and Principal Executive Officer
Date 9/6/2013
By (Signature and Title)	/s/ Robert Silva
	Robert Silva, Treasurer and Principal Financial Officer
Date 9/6/2013