Distributions - Institutional Class

Effective May 1, 2008, shares previously issued by the Funds were reclassified as "Investor Class Shares", and "Institutional Class Shares" were made available to investors.

Value Plus Fund (HNVIX)

Record Date	Payable Date	Ordinary Dividend	Short-Term Capital Gain Distribution	Long-Term Capital Gain Distribution
12/28/2011	12/29/2011	$0.284872	$0.000000	$0.319936
12/30/2010	12/31/2010	$0.138722	$0.000000	$0.000000
12/28/2010	12/29/2010	$0.000000	$0.000000	$0.160541
3/30/10	3/31/10	$0.032692	$0.000000	$0.000000
3/30/10	3/31/10	$0.013036	$0.000000	$0.000000
12/30/09	12/31/09	$0.093645	$0.000000	$0.000000
9/29/09	9/30/09	$0.026711	$0.000000	$0.000000
6/29/09	6/30/09	$0.022818	$0.000000	$0.000000
03/30/09	03/31/09	$0.118031	$0.000000	$0.000000
9/29/08	9/30/08	$0.038800	$0.000000	$0.000000
6/27/08	6/30/08	$0.039712	$0.000000	$0.000000

Select Value Fund (HNSVX)

Record Date	Payable Date	Ordinary Dividend	Short-Term Capital Gain Distribution	Long-Term Capital Gain Distribution
12/28/2011	12/29/2011	$0.226517	$0.000000	$0.293044
12/28/10	12/29/10	$0.227143	$0.000000	$0.000000
12/28/09	12/29/09	$0.205304	$0.000000	$0.000000
12/26/08	12/29/08	$0.204619	$0.000000	$0.000000

Value Fund (HNTVX)

Record Date	Payable Date	Ordinary Dividend	Short-Term Capital Gain Distribution	Long-Term Capital Gain Distribution
12/28/2011	12/29/2011	$0.000000	$0.675954	$1.798273
12/28/10	12/29/10	$0.000000	$0.058470	$0.000000

"Ordinary Dividend" represents net investment income (interest and dividends). "Short-Term Capital Gains Distribution" represents net short-term capital gains, which are profits on the sale of securities held one year or less. "Long-Term Capital Gains Distribution" represents net long-term capital gains, which are profits on the sale of securities held more than one year.