UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

 MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-05010

           THE HUNTINGTON FUNDS

(Exact name of registrant as specified in charter)

5800 Corporate Drive  Pittsburgh, Pennsylvania  15237-7010

    (Address of principal executive offices) (Zip code)

Ronald J. Corn, Esq.

The Huntington National Bank

41 South High Street

Columbus, Ohio  43287

(Name and address of agent for service)

Copies to:

David C. Mahaffey, Esq., and Christine S. Boehm, 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: March 31, 2008

Item 1. Schedule of Investments.

Huntington Money Market Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Principal Amount					Value
U.S. Government Agencies—95.3%
Farmer Mac –— 24.8%
$15,000,000		4.125%, 4/1/08(a)		$	15,000,000
15,000,000		2.591%, 4/2/08(a)			14,998,938
20,000,000		4.180%, 4/4/08(a)			19,993,200
20,000,000		2.337%, 4/7/08(a)			19,992,333
20,000,000		2.235%, 4/11/08(a)			19,987,778
21,500,000		3.683%, 4/16/08(a)			21,467,750
10,100,000		3.684%, 4/17/08(a)			10,083,840
8,500,000		3.685%, 4/21/08(a)			8,483,000
20,000,000		1.767%, 4/23/08(a)			19,978,733
15,000,000		2.828%, 4/24/08(a)			14,973,454
15,000,000		2.859%, 4/29/08(a)			14,967,333
20,000,000		2.695%, 5/8/08(a)			19,945,733
15,000,000		2.746%, 5/13/08(a)			14,952,925
15,100,000		1.720%, 6/4/08(a)			15,054,633
20,000,000		2.192%, 6/12/08(a)			19,914,000
20,000,000		1.925%, 6/18/08(a)			19,918,100
20,000,000		1.885%, 6/23/08(a)			19,914,694
20,000,000		2.089%, 6/30/08(a)			19,897,500
					309,523,944
Federal Farm Credit Bank –— 8.4%
20,500,000		1.867%, 4/3/08(a)			20,497,469
9,715,000		2.722%, 4/4/08(a)			9,712,834
20,000,000		2.255%, 4/8/08(a)			19,991,367
15,000,000		2.214%, 4/10/08(a)			14,991,825
20,000,000		1.708%, 5/12/08(a)			19,961,733
20,000,000		1.982%, 5/19/08(a)			19,948,000
					105,103,228
Federal Home Loan Bank –— 25.9%
20,000,000		2.655%, 4/2/08(a)			19,998,528
20,000,000		1.852%, 4/7/08(a)			19,993,833
5,000,000		1.901%, 4/8/08(a)			4,998,153
15,000,000		2.703%, 4/9/08(a)			14,991,033
15,000,000		1.827%, 4/17/08(a)			14,988,000
15,000,000		2.153%, 4/18/08(a)			14,984,983
20,000,000		2.600%, 4/22/08(a)			19,970,717
15,000,000		2.513%, 4/23/08(a)			14,977,358
15,000,000		2.319%, 4/28/08(a)			14,974,350
20,000,000		1.829%, 4/30/08(a)			19,971,000
15,000,000		4.400%, 5/5/08			15,011,089
20,000,000		2.177%, 5/8/08(a)			19,956,011
4,000,000		2.135%, 5/12/08(a)			3,990,433
20,000,000		2.127%, 5/14/08(a)			19,950,072
20,000,000		2.147%, 5/16/08(a)			19,947,250
13,974,000		2.148%, 5/21/08(a)			13,933,048
10,000,000		2.271%, 5/23/08(a)			9,967,789
15,000,000		1.731%, 6/13/08(a)			14,948,292
15,550,000		5.125%, 6/13/08			15,621,197
3,820,000		4.250%, 6/18/08			3,820,000
11,180,000		4.250%, 6/18/08			11,180,000
15,000,000		2.580%, 9/17/08			15,028,427
					323,201,563
Federal Home Loan Mortgage Corporation –— 20.3%
15,000,000		2.578%, 4/8/08(a)			14,992,708
20,000,000		2.235%, 4/11/08(a)			19,987,778
10,000,000		4.377%, 4/14/08(a)			9,984,725
20,000,000		2.236%, 4/15/08(a)			19,982,889
15,000,000		2.594%, 4/18/08(a)			14,981,938
15,000,000		2.707%, 4/21/08(a)			14,977,875
15,000,000		4.057%, 4/25/08(a)			14,960,500
8,866,000		4.700%, 4/25/08			8,880,954
20,000,000		2.645%, 4/28/08(a)			19,960,550
15,000,000		1.727%, 4/29/08(a)			14,980,167
Shares or Principal Amount					Value
Federal Home Loan Mortgage Corp. (Continued)
$10,000,000		2.763%, 4/30/08(a)		$	9,978,169
20,000,000		1.777%, 5/16/08(a)			19,956,750
20,000,000		2.108%, 6/2/08(a)			19,928,700
20,000,000		2.109%, 6/9/08(a)			19,920,650
15,000,000		2.586%, 6/20/08(a)			14,914,667
15,000,000		1.681%, 6/27/08(a)			14,940,188
					253,329,208
Federal National Mortgage Association –— 15.9%
20,000,000		2.519%, 4/1/08(a)			20,000,000
15,000,000		2.738%, 4/9/08(a)			14,991,167
15,000,000		4.875%, 4/10/08			15,002,056
15,000,000		2.696%, 4/15/08(a)			14,984,542
15,000,000		2.697%, 4/18/08(a)			14,981,229
20,000,000		2.708%, 4/22/08(a)			19,968,967
15,000,000		2.162%, 5/1/08(a)			14,973,750
20,000,000		2.087%, 5/6/08(a)			19,959,556
15,000,000		1.422%, 5/7/08(a)			14,979,000
20,000,000		2.096%, 5/14/08(a)			19,950,789
15,000,000		6.000%, 5/15/08			15,067,787
13,627,000		5.250%, 6/15/08			13,692,574
					198,551,417
Total U.S. Government Agencies (Cost $1,189,709,360)				1,189,709,360
Commercial Papers—4.0%
25,000,000		General Electric Capital Corp., 2.336%, 5/2/08 (a)			24,949,840
25,000,000		Procter & Gamble, 2.137%, 5/9/08 (a)			24,944,584
Total Commercial Papers (Cost $49,894,424)				49,894,424
Cash Equivalents—0.4%
5,000,000		Meeder Institutional Money Market Fund, 3.160%  (b)			5,000,000
Total Cash Equivalents (Cost $5,000,000)				5,000,000
Repurchase Agreements—2.0%
24,955,000		Morgan Stanley, 2.210%, dated 3/31/08, due 4/1/08, repurchase price $24,956,532 (Fully collateralized by U.S. Treasury securities)			24,955,000
Total Repurchase Agreements (Cost $24,955,000)				24,955,000
Total Investments (Cost $1,269,558,784) — 101.7%				1,269,558,784
Liabilities in Excess of Other Assets — (1.7)%				(20,861,992)
Net Assets — 100.0%			$	1,248,696,792
(a)	Rate represents the effective yield at purchase.
(b)	Rate disclosed is the seven day yield as of March 31, 2008.

See Notes to Portfolio of Investments.

Huntington Ohio Municipal Money Market Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Principal Amount					Value
Municipal Bonds—94.9%
Ohio— 94.9%
$1,300,000		Ashland, OH, Public Improvements, G.O. (Various Purposes), 4.250%, 5/22/08		$	1,300,925
250,000		Ashland, OH, Pumper-Tanker, G.O., BAN, 2.000%, 2/26/09			251,112
2,000,000		Brunswick, OH, G.O., 4.500%, 5/8/08			2,001,618
180,000		Butler County, OH, Capital Funding Revenue, Series A, (LOC - U.S. Bank N.A.), 2.230%, 6/1/35 (a)			180,000
200,000		Cincinnati, OH, G.O., Series A  (Various Purposes), 5.000%, 12/1/08			204,317
400,000		Cleveland, OH, Cuyahoga County Port Authority Cultural Facility Revenue, (LOC - Fifth Third Bank), 2.260%, 11/15/34 (a)			400,000
700,000		Cleveland, OH, Cuyahoga County Port Authority Cultural Facility Revenue, Series D, (SPA - JPMorgan Chase Bank), 2.240%, 10/1/40 (a)			700,000
1,000,000		Cleveland, OH, Cuyahoga County Port Authority Revenue, (LOC - Fifth Third Bank), 2.200%, 1/1/33 (a)			1,000,000
605,000		Cleveland, OH, Cuyahoga County Port Authority Revenue, (LOC - Fifth Third Bank), 2.200%, 1/1/34 (a)			605,000
1,910,000		Cleveland, OH, Income Tax Revenue, (AMBAC Ins.), 6.250%, 5/15/24 (a)			1,910,000
1,880,000		Cleveland, OH, State University General Receipt Revenue, Series B, (FGIC Ins. SPA - U.S. Bank N.A.), 4.210%, 6/1/33 (a)			1,880,000
2,205,000		Cleveland, OH, Waterworks Revenue, (FGIC Ins.), 3.100%, 1/1/33 (a)			2,205,000
7,225,000		Cleveland, OH, Waterworks Revenue, Series M, (FSA Ins.), 1.950%, 1/1/33 (a)			7,225,000
2,100,000		Clinton, OH, Sewer Improvements, G.O., BAN, 3.750%, 4/24/08			2,100,000
1,970,000		Columbus, OH, Airport Authority Revenue, (LOC - U.S. Bank N.A.), 2.230%, 7/1/35 (a)			1,970,000
1,100,000		Columbus, OH, G.O., Series 1, (SPA - JPMorgan Chase Bank), 2.030%, 12/1/17 (a)			1,100,000
410,000		Columbus, OH, G.O., Series 1, 1.780%, 12/1/26 (a)			410,000
590,000		Columbus, OH, Regional Airport Authority Capital Funding Revenue, (LOC - U.S. Bank N.A.), 2.230%, 12/1/36 (a)			590,000
4,910,000		Columbus, OH, Regional Airport Authority Revenue, (LOC - U.S. Bank N.A.), 2.230%, 3/1/34 (a)			4,910,000
Principal Amount					Value
Municipal Bonds (Continued)
Ohio (Continued)
$3,500,000		Columbus, OH, Regional Airport Authority Revenue, Series A, (LOC - U.S. Bank N.A.), 2.230%, 1/1/30 (a)		$	3,500,000
500,000		Coshocton County, OH, Hospital Facilities Revenue, (LOC - Bank One Chicago N.A.), 2.750%, 3/1/19 (a)			500,000
2,100,000		Cuyahoga County, OH, Hospital Revenue, (LOC - JPMorgan Chase Bank), 1.170%, 1/1/16 (a)			2,100,000
4,100,000		Cuyahoga County, OH, Hospital Revenue, 6.150%, 2/15/29			4,315,655
1,900,000		Cuyahoga County, OH, Revenue, Subseries B1, (SPA - JPMorgan Chase Bank), 1.300%, 1/1/39 (a)			1,900,000
1,500,000		Euclid, OH, G.O., 4.000%, 5/29/08			1,501,119
10,410,000		Franklin County, OH, Hospital Facilities Revenue, (AMBAC Ins.), 4.500%, 5/1/41 (a)			10,410,000
1,300,000		Franklin County, OH, Hospital Revenue, (LOC - Citibank N.A.), 2.070%, 12/1/11 (a)			1,300,000
5,790,000		Franklin County, OH, Hospital Revenue, (LOC – Citibank N.A.), 2.070%, 12/1/20 (a)			5,790,000
2,850,000		Franklin County, OH, Hospital Revenue, (Children's Hospital), Series A, (FGIC Ins.), 7.000%, 5/1/31 (a)			2,850,000
2,000,000		Franklin County, OH, Hospital Revenue, (Doctors Ohio Health), Series B, (LOC - National City Bank), 2.070%, 12/1/28 (a)			2,000,000
5,085,000		Franklin County, OH, Hospital Revenue, Series B, (FGIC Ins.), 7.000%, 5/1/29 (a)			5,085,000
7,160,000		Franklin County, OH, Hospital Revenue, U.S. Health Corp., Series A, (LOC – Citibank N.A.), 2.070%, 12/1/21 (a)			7,160,000
1,365,000		Franklin County, OH, Industrial Development Revenue, (LOC - Bank One Columbus N.A.), 2.940%, 11/1/14 (a)			1,365,000
6,875,000		Franklin County, OH, Revenue, Series F, (FSA Ins.), 2.000%, 12/1/30 (a)			6,875,000
2,030,000		Geauga County, OH, Health Care Facilities Revenue, Heather Hill Inc. Project, Series B, (LOC - Bank One Columbus N.A.), 2.070%, 7/1/23 (a)			2,030,000
650,000		Greene County, OH, G.O., 4.500%, 5/21/08			650,665
2,075,000		Greene County, OH, G.O., 4.000%, 8/12/08			2,079,414
430,000		Greene County, OH, Revenue, (LOC - Bank of America N.A.), 2.050%, 1/1/11 (a)			430,000
Principal Amount					Value
Municipal Bonds (Continued)
Ohio (Continued)
$5,900,000		Hamilton County, OH, Health Care Facilities Revenue, Hilltop Health Facilities, (LOC - Bank of America N.A.), 2.000%, 6/1/22 (a)		$	5,900,000
6,570,000		Hamilton County, OH, Hospital Facilities Revenue, (LOC - U.S. Bank N.A.), 2.210%, 5/15/28 (a)			6,570,000
1,720,000		Hamilton County, OH, Hospital Facilities Revenue, (LOC - JPMorgan Chase Bank), 2.210%, 5/15/28 (a)			1,720,000
1,620,000		Hamilton County, OH, Hospital Facilities Revenue,  Health Alliance, Series F, (MBIA Ins.), 5.000%, 1/1/18 (a)			1,620,000
1,615,000		Hamilton County, OH, Hospital Facilities Revenue, (Children’s Hospital Medical Center), Series M, (LOC - JPMorgan Chase Bank), 2.200%, 5/15/37 (a)			1,615,000
1,845,000		Hamilton County, OH, Hospital Facilities Revenue, Health Alliance, Series B, (MBIA Ins.), 5.000%, 1/1/18 (a)			1,845,000
5,835,000		Hamilton County, OH, Hospital Facilities Revenue, Series A, (LOC - JPMorgan Chase Bank), 2.200%, 6/1/27 (a)			5,835,000
1,800,000		Hamilton County, OH, Hospital Facility Revenue, (MBIA Ins.), 5.000%, 1/1/18 (a)			1,800,000
2,000,000		Hamilton County, OH, Industrial Development Revenue, 2.950%, 10/15/12 (a)			2,000,000
4,425,000		Hamilton County, OH, Parking Facility Improvements Revenue, (LOC - U.S. Bank N.A.), 2.230%, 12/1/26 (a)			4,425,000
1,740,000		Harrison Township, OH, Public Improvements Revenue, (LOC - Fifth Third Bank), 2.250%, 12/1/24 (a)			1,740,000
1,000,000		Harrison, OH, G.O., 3.760%, 12/11/08			1,002,415
720,000		Henry County, OH, Revenue, (LOC - Keybank N.A.), 2.290%, 3/1/31 (a)			720,000
500,000		Jefferson Township, OH, Local School District Revenue, TAN, 4.250%, 6/26/08			501,631
6,595,000		Kent State University, OH, Ohio Universities Revenue, (General Receipts), (MBIA Ins.), 2.800%, 5/1/31 (a)			6,595,000
500,000		Lake County, OH, G.O., 4.250%, 7/18/08			500,710
4,500,000		Lakota, OH, Local School District, G.O, Series B, 4.000%, 6/12/08			4,508,050
840,000		Lebanon, OH, G.O., BAN (Various Purposes), 4.250%, 5/30/08			840,745
1,500,000		Lima, OH, Hospital Revenue, (LOC - JPMorgan Chase Bank), 3.500%, 4/1/37 (a)			1,500,000
Principal Amount					Value
Municipal Bonds (Continued)
Ohio (Continued)
$680,000		Lorain County, OH, G.O., BAN, 3.000%, 3/26/09		$	684,574
955,000		Loveland, OH, G.O., BAN, 1.625%, 2/25/09			956,908
250,000		Loveland, OH, G.O., BAN, 3.000%, 3/19/09			251,767
1,265,000		Lucas County, OH, G.O., (Various Purposes), Series 1, 4.000%, 9/18/08			1,266,979
620,000		Lucas County, OH, Health Care Facilities Refunding Revenue, (Sunset Retirement Communities), Series B, (LOC - Fifth Third Bank), 2.130%, 8/15/30 (a)			620,000
1,100,000		Mason, OH, G.O., BAN, 4.500%, 6/26/08			1,101,843
2,010,000		Mason, OH, G.O., BAN, 3.500%, 12/18/08			2,016,936
1,530,000		Middletown, OH, Airport Facilities Acquisition, G.O., 4.250%, 6/4/08			1,531,288
4,695,000		Napoleon, OH, G.O., (Correctional), BAN (Various Purposes), 4.500%, 7/24/08			4,705,852
3,000,000		North College Hill City School, OH, G.O., BAN, 3.700%, 6/19/08			3,003,373
190,000		Ohio Capital Asset Financing Program Fractionalized Interest, G.O., Series C, (FSA Ins.), 3.750%, 12/1/08			190,802
1,350,000		Ohio State Air Quality Development Authority Refunding Revenue, (LOC - Keybank N.A.), 1.900%, 6/1/33 (a)			1,350,000
400,000		Ohio State Air Quality Development Authority Refunding Revenue, Series B, (LOC - Barclays Bank PLC), 2.150%, 1/1/34 (a)			400,000
1,125,000		Ohio State Air Quality Development Authority Refunding Revenue, Timken Project, (LOC - Fifth Third Bank), 1.900%, 11/1/25 (a)			1,125,000
1,775,000		Ohio State Air Quality Development Authority Revenue, Ohio Edison Project, Series A, (LOC - Wachovia Bank N.A.), 1.900%, 2/1/14 (a)			1,775,000
3,150,000		Ohio State Air Quality Development Authority Revenue, Series C, (LOC - Wachovia Bank N.A.), 1.350%, 6/1/23 (a)			3,150,000
1,300,000		Ohio State Higher Education Facilities, (LOC - Fifth Third Bank), 3.500%, 9/1/27 (a)			1,300,000
100,000		Ohio State Higher Education Facilities Commission Revenue, (Various Higher Educational - Pooled Financing PG), (LOC - Fifth Third Bank), 2.250%, 9/1/24 (a)			100,000
1,700,000		Ohio State Higher Education Facilities Revenue, (LOC - Fifth Third Bank), 2.250%, 9/1/25 (a)			1,700,000
Principal Amount					Value
Municipal Bonds (Continued)
Ohio (Continued)
$2,590,000		Ohio State Higher Education Facilities Revenue, Xavier University, (LOC - U.S. Bank N.A.), 2.150%, 11/1/30 (a)		$	2,590,000
340,000		Ohio State Higher Educational Facilities Commission Revenue, (LOC - Fifth Third Bank), 3.600%, 9/1/17 (a)			340,000
3,805,000		Ohio State Higher Educational Facilities Commission Revenue, (Various - Higher Educational Facilities- Pooled PG), Series A, (LOC - Fifth Third Bank), 2.250%, 9/1/20 (a)			3,805,000
350,000		Ohio State Higher Educational Facilities Commission Revenue, (Various - Pooled Financing PG), Series A, (LOC - Fifth Third Bank), 2.230%, 9/1/26 (a)			350,000
1,190,000		Ohio State Higher Educational Facilities Revenue, (Various - Pooled Financing PG), Series B, (LOC - Fifth Third Bank), 2.230%, 9/1/24 (a)			1,190,000
175,000		Ohio State Higher Educational Facilities Revenue, (Various - Pooled Financing PG), Series B, (LOC - Fifth Third Bank), 2.230%, 11/1/28 (a)			175,000
900,000		Ohio State Higher Educational Facilities Revenue, Marietta College Project, (LOC - JPMorgan Chase Bank), 2.230%, 12/1/24 (a)			900,000
400,000		Ohio State Higher Educational Facilities Revenue, Series A, 1.900%, 10/1/22 (a)			400,000
200,000		Ohio State Infrastructure Improvement, G.O., 5.625%, 2/1/09			205,800
1,600,000		Ohio State University General Receipts Revenue, (Various), 1.700%, 12/1/17 (a)			1,600,000
900,000		Ohio State University General Receipts Revenue, (Various), (FSA Ins.), 2.230%, 12/1/26 (a)			900,000
960,000		Ohio State University General Receipts Revenue, (Various), 1.700%, 12/1/27 (a)			960,000
6,425,000		Ohio State University General Receipts Revenue, (Various), 1.800%, 12/1/31 (a)			6,425,000
1,680,000		Ohio State Higher Educational Facilities Revenue, Xavier University Project, (Various), (LOC - U.S. Bank N.A.), 2.150%, 5/1/15 (a)			1,680,000
180,000		Ohio State University, G.O., Series B, 1.950%, 3/15/25 (a)			180,000
300,000		Ohio State University, G.O., Series B, 1.950%, 6/1/35 (a)			300,000
5,350,000		Ohio State University, G.O., Series D, 1.900%, 2/1/19 (a)			5,350,000
Principal Amount					Value
Municipal Bonds (Continued)
Ohio (Continued)
$7,065,000		Ohio State University, Infrastructure Improvements Revenue, Series B, 1.950%, 8/1/21 (a)		$	7,065,000
2,455,000		Ohio State University, Infrastructure Improvements, G.O., Series A, 4.000%, 9/1/08			2,459,276
3,850,000		Ohio State University, Infrastructure Improvements, G.O., Series B, 1.900%, 8/1/17 (a)			3,850,000
6,445,000		Ohio State University, School Improvements, G.O., Series A, 1.950%, 3/15/25 (a)			6,445,000
125,000		Ohio State Water Development Authority Revenue, (FSA Ins.), 5.250%, 6/1/08			125,557
6,320,000		Ohio State Water Development Authority Revenue, (Various), (MBIA Ins.), 5.000%, 12/1/18 (a)			6,320,000
4,000,000		Ohio State Water Development Authority Revenue, (Various), (LOC - Wachovia Bank N.A.), 1.970%, 12/1/33 (a)			4,000,000
2,200,000		Ohio State, Common Schemes, G.O., Series B, 5.000%, 3/15/09			2,280,280
700,000		Parma, OH, Hospital Improvements Revenue, Series C, (LOC - JPMorgan Chase Bank), 2.270%, 11/1/30 (a)			700,000
3,000,000		Pickerington, OH, G.O., BAN, 2.250%, 2/27/09			3,015,515
4,000,000		Port of Greater Cincinnati, OH, Development Authority Revenue, (LOC - JPMorgan Chase Bank), 4.000%, 4/1/38 (a)			4,000,000
1,000,000		Richland County, OH, G.O., BAN, 4.500%, 7/30/08			1,002,278
2,000,000		Richland County, OH, G.O., BAN, 4.500%, 1/15/09			2,009,194
1,800,000		Richland County, OH, G.O., BAN, Series B, 2.000%, 2/19/09			1,808,636
450,000		Salem, OH, Hospital Revenue, (LOC - JPMorgan Chase Bank), 2.200%, 9/1/35 (a)			450,000
230,000		Sandusky County, OH, G.O., 4.250%, 9/25/08			230,589
1,820,000		South-Western City School District, OH, Franklin & Pickaway County, G.O., Series A, 4.500%, 12/1/08			1,833,476
100,000		Southington, OH, Local School District, G.O., (FSA Ins.), 3.000%, 12/1/08			100,657
1,500,000		Springfield, OH, Local School District, G.O., BAN, 3.750%, 12/18/08			1,507,388
2,845,000		Summit County, OH, Port Authority Revenue, (LOC - Fifth Third Bank), 2.270%, 11/1/36 (a)			2,845,000
300,000		Toledo, OH, City Service Special Assessment, (LOC - State Street B&T Co.), 2.220%, 12/1/08 (a)			300,000
222,000		University of Akron, OH, General Receipts Revenue, (FGIC Ins.), 9.000%, 1/1/29 (a)			222,000
Principal Amount or Shares					Value
Municipal Bonds (Continued)
Ohio (Continued)
$1,000,000		University of Cincinnati, OH, General Receipts Revenue, BAN, Series A, 3.250%, 1/14/09		$	1,003,982
4,600,000		University of Cincinnati, OH, General Receipts Revenue, Series B, (Various), (MBIA Ins.), 6.000%, 6/1/20 (a)			4,600,000
7,800,000		University of Cincinnati, OH, General Receipts Revenue, Series B, (Various), (AMBAC Ins.), 8.000%, 6/1/31 (a)			7,800,000
150,000		Wapakoneta, OH, City School District, G.O., (State Aid Withholding), 3.000%, 12/1/08			150,726
2,000,000		Wapakoneta, OH, City School District, G.O., BAN, 3.500%, 6/26/08			2,002,789
1,250,000		Wapakoneta, OH, City School District, G.O., BAN, 3.500%, 6/26/08			1,251,388
537,980		Warren County, OH, Health Care Facilities Revenue, Otterbein Homes, Series B, (LOC - Fifth Third Bank), 2.180%, 7/1/23 (a)			537,980
310,000		Wilmington, OH, BAN, 4.500%, 7/25/08			310,675
300,000		Wooster, OH, Industrial Development Revenue, 2.150%, 12/1/10 (a)			300,000
Total Municipal Bonds (Cost $269,131,884)				269,131,884
Commercial Paper—2.5%
Ohio— 2.5%
7,000,000		Cuyahoga County, OH, Cleveland Clinic, Bank of America N.A., 2.200%, 5/2/08			7,000,000
Total Commercial Papers (Cost $7,000,000)				7,000,000
Cash Equivalents—2.3%
6,682,073		Fidelity Institutional Tax-Exempt Portfolio, 2.190%  (b)			6,682,073
Total Cash Equivalents (Cost $6,682,073)				6,682,073
Total Investments (Cost $282,813,957) — 99.7%				282,813,957
Other Assets in Excess of Liabilities — 0.3%				868,014
Net Assets — 100.0%			$	283,681,971
(a)	Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008.
(b)	Rate disclosed is the seven day yield as of March 31, 2008.
AMBAC	American Municipal Bond Insurance Corp.
BAN	Bond Anticipation Note
FGIC	Financial Guaranty Co.
FSA	Financial Security Assurance
G.O.	General Obligation
Ins.	Insured
LOC	Letter of Credit
MBIA	Municipal Bond Insurance Association
PG	Public Liability Co.
SPA	Standby Purchase Agreement
TAN	Tax Anticipation Note

See Notes to Portfolio of Investments.

Huntington Tax-Free Money Market Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Principal Amount					Value
Municipal Bonds—93.4%
Arizona— 0.3%
$205,000		Chandler, AZ, Spectrum Improvement District, Special Assessment, 4.000%, 1/1/09		$	207,929
Arkansas— 0.2%
200,000		North Little Rock, AR, Health Facilities Board Revenue, Series B, (MBIA Ins.), 4.750%, 12/1/21 (a)			200,000
California— 4.3%
2,440,000		California Infrastructure & Economic Development Bank Insured Revenue, Series B, (AMBAC Ins.), 1.750%, 4/1/42 (a)			2,440,000
1,000,000		Contra Costa County, CA, Housing Authority Multifamily Revenue, (Freddie Mac Ins.), 1.950%, 11/15/17 (a)			1,000,000
					3,440,000
District of Columbia— 3.1%
2,500,000		District of Columbia, G.O., Series SGA 62, (AMBAC Ins.), 4.000%, 6/1/17 (a)			2,500,000
Florida— 29.7%
1,000,000		Broward County, FL, Educational Facilities Authority Revenue, (LOC - Bank of America N.A.), 2.090%, 4/1/20 (a)			1,000,000
1,100,000		Broward County, FL, Educational Facilities Authority Revenue, (LOC - Citibank N.A.), 2.050%, 11/1/31 (a)			1,100,000
500,000		Broward County, FL, Housing Finance Authority Revenue, (Freddie Mac Ins.), 2.250%, 12/1/29 (a)			500,000
95,000		Charlotte County, FL, Utility Revenue, Series B, (FSA Ins.), 2.100%, 10/1/21 (a)			95,000
905,000		Collier County, FL, Educational Facilities Authority Revenue, (LOC - Fifth Third Bank), 2.250%, 4/1/28 (a)			905,000
1,125,000		Collier County, FL, Health Facilities Authority Revenue, (LOC - Wachovia Bank N.A.), 2.080%, 12/1/24 (a)			1,125,000
460,000		Dade County, FL, Water & Sewer Systems Revenue, (FGIC Ins.), 7.500%, 10/5/22 (a)			460,000
450,000		Duval County, FL, Housing Finance Authority Revenue, (LOC - U.S. Bank N.A.), 2.220%, 7/1/25 (a)			450,000
1,580,000		Florida Housing Finance Agency Revenue, Series B, (Fannie Mae Ins.), 2.220%, 8/1/11 (a)			1,580,000
670,000		Florida Municipal Power Agency Revenue, (MBIA Ins.), 5.000%, 10/1/19 (a)			670,000
950,000		Florida State Board of Education Lottery Revenue, Series B, (FGIC Ins.), 5.750%, 7/1/08			956,369
200,000		Florida State Board of Education, G.O., Series B, 5.000%, 6/1/08			200,416
Principal Amount					Value
Municipal Bonds (Continued)
Florida (Continued)
$600,000		Florida State Department of Transportation, G.O., Series A, 5.250%, 7/1/08		$	602,218
375,000		Fort Lauderdale, FL, Revenue, (FSA Ins.), 2.100%, 6/1/32 (a)			375,000
500,000		Fort Lauderdale, FL, Water And Sewer Revenue, (MBIA Ins.), 2.750%, 9/1/08			501,092
830,000		Halifax Hospital Medical Center, FL, Health Care Facilities Revenue, (LOC - Bank of America N.A.), 2.300%, 12/1/13 (a)			830,000
600,000		Jacksonville, FL, Capital Project Revenue, Series 2002-1, (FGIC Ins.), 7.250%, 10/1/34 (a)			600,000
700,000		Miami-Dade County, FL, Industrial Development Authority Revenue, (LOC - Bank of America N.A.), 2.100%, 6/1/22 (a)			700,000
120,000		Nassau County, FL, Public Improvements Refunding Revenue, (MBIA Ins.), 4.000%, 5/1/08			120,024
400,000		Orange County, FL, Educational Facilities Authority Revenue, (LOC - Bank of America N.A.), 1.250%, 5/1/31 (a)			400,000
305,000		Orange County, FL, Health Facilities Authority Revenue, (LOC - SunTrust Bank), 1.250%, 10/1/15 (a)			305,000
1,000,000		Orange County, FL, Health Facilities Authority Revenue, Series B, (FGIC Ins.), 5.000%, 10/1/41 (a)			1,000,000
1,000,000		Orange County, FL, School Board COP, Series B, (MBIA Ins.), 2.350%, 8/1/27 (a)			1,000,000
1,250,000		Orange County, FL, School Board COP, Series B, (FGIC Ins.), 7.250%, 8/1/32 (a)			1,250,000
400,000		Orange County, FL, School Board COP, Series C, (MBIA Ins.), 1.700%, 8/1/22 (a)			400,000
200,000		Palm Beach County, FL, Revenue, (LOC - Northern Trust Co.), 2.150%, 5/1/25 (a)			200,000
1,050,000		Palm Beach County, FL, Revenue, (LOC - Northern Trust Co.), 2.150%, 3/1/30 (a)			1,050,000
700,000		Palm Beach County, FL, Revenue, (LOC - Northern Trust Co.), 2.210%, 11/1/36 (a)			700,000
500,000		Pinellas County, FL, Health Facility Authority Revenue, Series B-2, (FSA Ins.), 2.210%, 11/15/33 (a)			500,000
1,200,000		Sunshine State Governmental Financing Commission, FL, Revenue, (AMBAC Ins.), 4.100%, 7/1/16 (a)			1,200,000
800,000		University of North Florida Foundation, Inc., Revenue, (LOC - Wachovia Bank N.A.), 1.470%, 5/1/28 (a)			800,000
Principal Amount					Value
Municipal Bonds (Continued)
Florida (Continued)
$1,000,000		University South Florida Research Foundation, Inc., Revenue, (LOC - Bank of America N.A.), 2.270%, 8/1/34 (a)		$	1,000,000
1,100,000		Volusia County, FL, Housing Finance Authority Refunding Revenue, (Fannie Mae Ins.), 2.250%, 1/15/32 (a)			1,100,000
					23,675,119
Georgia— 5.1%
1,000,000		Cobb County, GA, Housing Authority Revenue, (Freddie Mac Ins.), 2.100%, 3/1/24 (a)			1,000,000
1,075,000		De Kalb County, GA, Hospital Authority Revenue, Series B, (FSA Ins.), 2.100%, 9/1/31 (a)			1,075,000
1,000,000		Gwinnett County, GA, Hospital Authority Revenue, Series C, (FSA Ins.), 2.050%, 7/1/42 (a)			1,000,000
1,000,000		Valdosta & Lowndes County, GA, Hospital Authority Revenue, (FSA Ins.), 2.100%, 10/1/23 (a)			1,000,000
					4,075,000
Illinois— 6.8%
100,000		Chicago, Il, Board of Education, G.O., Series C, (FSA Ins.), 2.100%, 3/1/32 (a)			100,000
1,000,000		Grundy Kendall & Will Counties, Il, Community High School District 111, G.O., Series B, (AMBAC Ins.), 5.000%, 5/1/26 (a)			1,000,000
645,000		Illinois Department of Central Management Services, COP, (MBIA Ins.), 5.100%, 7/1/08			647,314
500,000		Illinois Finance Authority Revenue, (LOC - Bank of America N.A.), 2.100%, 2/1/42 (a)			500,000
2,600,000		Illinois Health Facilities Authority Revenue, Series B, (FSA Ins.), 2.100%, 11/15/29 (a)			2,600,000
600,000		Illinois State, G.O., Series SGA 103, (Liquid Facility - Societe Generale), 1.300%, 8/1/24 (a)			600,000
					5,447,314
Indiana— 2.3%
915,000		Indiana State Educational Facilities Authority Revenue, Series E, (LOC - U.S. Bank N.A.), 2.240%, 10/1/24 (a)			915,000
955,000		University of Southern Indiana Revenue, Series B, (AMBAC Ins.), 8.000%, 10/1/21 (a)			955,000
					1,870,000
Kentucky— 1.3%
1,000,000		Russell, KY, Revenue, Series B, (FSA Ins.), 2.060%, 11/1/26 (a)			1,000,000
Michigan— 3.8%
1,150,000		Ann Arbor, MI, Economic Development Corp. Revenue, Series A, (LOC - JPMorgan Chase Bank), 2.050%, 11/1/25 (a)			1,150,000
Principal Amount					Value
Municipal Bonds (Continued)
Michigan (Continued)
$550,000		Kalamazoo, MI, Hospital Finance Authority Revenue, (FSA Ins.), 2.050%, 5/15/36 (a)		$	550,000
600,000		Michigan State Hospital Finance Authority Revenue, Series E, (AMBAC Ins.), 5.000%, 12/1/30 (a)			600,000
500,000		Michigan State University Revenue, Series A, (SPA - Landesbank Hessen-Thuringen), 2.050%, 2/15/33 (a)			500,000
200,000		Oakland University, MI, Revenue, (FGIC Ins.), 8.250%, 3/1/31 (a)			200,000
					3,000,000
Minnesota— 5.3%
3,310,000		Minneapolis & St. Paul, MN, Housing & Redevelopment Authority Health Care Revenue, Series B-1, (MBIA Ins.), 2.350%, 11/15/34 (a)			3,310,000
940,000		Minnesota State, G.O., 5.500%, 6/1/08			943,836
					4,253,836
Missouri— 1.4%
1,100,000		Missouri State Health & Educational Facilities Authority Revenue, (MBIA Ins.), 1.200%, 6/1/15 (a)			1,100,000
New Mexico— 0.3%
250,000		San Juan County, NM, Gross Receipts Tax Revenue, (MBIA Ins.), 3.000%, 6/15/08			250,000
North Carolina— 3.8%
1,000,000		Charlotte-Mecklenburg Hospital Authority, NC, Health Care System Revenue, Series E, (FSA Ins.), 2.100%, 1/15/44 (a)			1,000,000
1,000,000		Mecklenburg County, NC, G.O., Series C, (SPA - Bank of America N.A.), 2.090%, 2/1/15 (a)			1,000,000
495,000		New Hanover County, NC, Hospital Revenue, Series B-1, (FSA Ins.), 2.250%, 10/1/26 (a)			495,000
500,000		North Carolina Capital Facilities Finance Agency Revenue, (LOC - Wachovia Bank N.A.), 2.100%, 5/1/27 (a)			500,000
					2,995,000
Ohio— 0.6%
500,000		Ashland, OH, Public Improvements, G.O. (Various Purposes), 4.250%, 5/22/08			500,356
Pennsylvania— 3.8%
1,200,000		Dauphin County, PA, General Authority Revenue, Subseries S-RMKT, (FSA Ins.), 2.240%, 6/1/26 (a)			1,200,000
1,000,000		Lancaster County, PA, G.O., Series B, (FSA Ins.), 2.060%, 11/1/16 (a)			1,000,000
250,000		Nazareth, PA, Area School District, G.O., (FSA State Aid Withholding), 3.000%, 11/15/08			251,458
Principal Amount					Value
Municipal Bonds (Continued)
Pennsylvania (Continued)
$545,000		Pennsylvania State Turnpike Commission Revenue, Series C, (AMBAC Ins.), 4.000%, 12/1/22 (a)		$	545,000
					2,996,458
Tennessee— 4.4%
1,625,000		Jackson, TN, Health Educational & Housing Facilities Board Multifamily Revenue, (Fannie Mae Ins.), 2.250%, 5/15/31 (a)			1,625,000
1,900,000		Sevier County, TN, Public Building Authority Revenue, Series I-2, (AMBAC Ins.), 5.250%, 6/1/27 (a)			1,900,000
					3,525,000
Texas— 5.4%
1,000,000		Austin, TX, G.O., 4.000%, 9/1/08			1,002,224
1,000,000		Katy, TX, Independent School District, G.O., (PSF-GTD), 2.150%, 8/15/33 (a)			1,000,000
275,000		Texas State, G.O., 5.000%, 4/1/08			275,000
930,000		Travis County, TX, Housing Finance Corp. Multifamily Housing Revenue, (Fannie Mae Ins.), 2.250%, 12/15/29 (a)			930,000
1,110,000		Travis County, TX, Housing Finance Corp. Multifamily Housing Revenue, Series A, (Fannie Mae Ins.), 2.250%, 2/15/34 (a)			1,110,000
					4,317,224
Washington— 4.7%
300,000		King County, WA, School District No 210 Federal Way, G.O., (School Board Guaranty), 4.000%, 12/1/08			303,653
1,270,000		King County, WA, School District No 415 Kent, G.O., (FGIC Ins.), 5.250%, 12/1/13			1,288,190
1,000,000		Seattle,WA, Municipal Light & Power Revenue, (LOC - JPMorgan Chase Bank), 2.020%, 6/1/21 (a)			1,000,000
900,000		Washington Economic Development Finance Authority Revenue, Series H, (LOC - U.S. Bank N.A.), 1.140%, 9/1/18 (a)			900,000
250,000		Washington State, Series R-C, (MBIA Ins.), 4.000%, 1/1/09			253,423
					3,745,266
West Virginia— 4.8%
1,595,000		West Virginia State Hospital Finance Authority Revenue, Series F, (AMBAC Ins.), 3.500%, 12/1/25 (a)			1,595,000
Principal Amount or Shares					Value
Municipal Bonds (Continued)
West Virginia (Continued)
$2,245,000		West Virginia State Parkways Economic Development & Tourism Authority Revenue, (FGIC Ins.), 7.000%, 5/1/19 (a)		$	2,245,000
					3,840,000
Wisconsin— 2.0%
1,575,000		Lake Geneva Genoa City, WI, Unified High School District, G.O., 3.610%, 10/30/08			1,575,521
Total Municipal Bonds (Cost $74,514,023)				74,514,023
Cash Equivalents—6.4%
3,613,823		Fidelity Institutional Tax-Exempt Portfolio, 2.190%  (b)			3,613,823
1,500,000		Merrill Lynch Institutional Tax-Exempt Fund, 2.170%  (b)			1,500,000
Total Cash Equivalents (Cost $5,113,823)				5,113,823
Total Investments (Cost $79,627,846) — 99.8%				79,627,846
Other Assets in Excess of Liabilities — 0.2%				172,542
Net Assets — 100.0%			$	79,800,388
(a)	Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008.
(b)	Rate disclosed is the seven day yield as of March 31, 2008.
AMBAC	American Municipal Bond Assurance Corp.
COP	Certificate of Participation
FGIC	Financial Guaranty Insurance Co.
FSA	Financial Security Assurance
G.O.	General Obligation
Ins.	Insured
LOC	Letter of Credit
MBIA	Municipal Bond Insurance Association
PSF-GTD	Public School Funding Guarantee
SPA	Standby Purchase Agreement

See Notes to Portfolio of Investments.

Huntington U.S. Treasury Money Market Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Principal Amount						Value
U.S. Treasury Obligations—74.5%
U.S. Treasury Bills –— 73.2%
$20,000,000		1.877%, 4/3/08 (a)		$	19,997,918
45,000,000		1.549%, 4/10/08 (a)			44,976,922
40,000,000		0.250%, 4/15/08 (a)			39,982,189
70,000,000		1.151%, 4/17/08 (a)			69,950,622
20,000,000		1.221%, 4/21/08 (a)			19,986,445
60,000,000		1.151%, 4/24/08 (a)			59,907,056
20,000,000		1.796%, 5/1/08 (a)			19,970,163
20,000,000		2.116%, 5/8/08 (a)			19,956,731
15,000,000		2.102%, 5/15/08 (a)			14,961,683
20,000,000		2.196%, 5/22/08 (a)			19,938,120
60,000,000		0.450%, 5/29/08 (a)			59,906,781
15,000,000		2.176%, 6/12/08 (a)			14,935,200
20,000,000		2.155%, 6/19/08 (a)			19,906,078
20,000,000		0.732%, 7/3/08 (a)			19,962,284
10,000,000		0.601%, 7/10/08 (a)			9,983,333
30,000,000		0.601%, 7/17/08 (a)			29,922,722
20,000,000		1.104%, 7/24/08 (a)			19,930,333
20,000,000		1.004%, 8/7/08 (a)			19,928,889
20,000,000		1.004%, 8/14/08 (a)			19,925,000
35,000,000		1.106%, 8/28/08 (a)			34,847,275
					578,875,744
U.S. Treasury Strips —1.3%
10,000,000		0.749%, 5/15/08				9,990,964
Total U.S. Treasury Obligations (Cost $588,866,708)				588,866,708
Repurchase Agreements—25.7%
60,000,000		JPMorgan Chase & Co., 1.350%, dated 3/31/08, due 4/1/08, repurchase price $60,002,250 (Fully collateralized by U.S. Treasury securities)				60,000,000
60,000,000		Lehman Brothers Holdings, Inc., 0.700%, dated 3/28/08, due 4/4/08, repurchase price $60,008,167 (Fully collateralized by U.S. Treasury securities)				60,000,000
42,615,200		Morgan Stanley Dean Witter & Co., 1.280%, dated 3/31/08, due 4/1/08, repurchase price $42,616,715 (Fully collateralized by U.S. Treasury securities)				42,615,200
40,000,000		The Goldman Sachs & Co., Inc., 0.500%, dated 3/25/08, due 4/1/08, repurchase price $40,003,889 (Fully collateralized by U.S. Treasury securities)				40,000,000
Total Repurchase Agreements (Cost $202,615,200)				202,615,200
Total Investments (Cost $791,481,908) — 100.2%				791,481,908
Liabilities in Excess of Other Assets — (0.2)%				(1,240,244)
Net Assets — 100.0%			$	790,241,664
(a)	Rate represents the effective yield at purchase.

See Notes to Portfolio of Investments.

Huntington Dividend Capture Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—59.5%
Consumer Discretionary— 3.6%
34,000		CBS Corp., Class B		$	750,720
26,000		Newell Rubbermaid, Inc.			594,620
11,000		Sherwin-Williams Co.			561,440
15,000		Snap-on, Inc.			762,750
8,000		The Stanley Works			380,960
35,000		The Walt Disney Co.(a)			1,098,300
					4,148,790
Consumer Staples— 5.0%
40,000		ConAgra Foods, Inc.			958,000
16,000		Molson Coors Brewing Co., Class B			841,120
15,000		Reynolds American, Inc.			885,450
59,000		SUPERVALU, Inc.			1,768,820
26,000		The J.M. Smucker Co.			1,315,860
					5,769,250
Energy— 2.1%
10,500		Chevron Texaco Corp.			896,280
12,500		ConocoPhillips(a)			952,625
8,500		ENI SPA			578,935
					2,427,840
Financials— 12.1%
68,000		American Capital Strategies Ltd.(a)			2,322,880
30,500		Bank of America Corp.(a)			1,156,255
25,000		Chubb Corp.			1,237,000
14,000		Citigroup, Inc.			299,880
23,000		Hartford Financial Services Group, Inc.			1,742,710
11,000		JPMorgan Chase & Co.			472,450
49,000		KeyCorp			1,075,550
20,000		Lincoln National Corp.			1,040,000
18,000		Morgan Stanley			822,600
7,000		Prudential Financial, Inc.			547,750
22,000		The Travelers Cos., Inc.			1,052,700
20,000		Wachovia Corp.(a)			540,000
12,000		Washington Mutual, Inc.(a)			123,600
52,000		Wells Fargo & Co.(a)			1,513,200
					13,946,575
Health Care— 5.4%
20,000		Eli Lilly & Co.			1,031,800
15,500		Johnson & Johnson			1,005,485
35,000		Merck & Co., Inc.			1,328,250
91,000		Pfizer, Inc.			1,904,630
22,000		Wyeth			918,720
					6,188,885
Industrials— 8.9%
46,000		Cooper Industries Ltd., Class A(a)			1,846,900
7,000		CSX Corp.			392,490
22,500		Eastman Chemical Co.			1,405,125
17,500		Eaton Corp.			1,394,225
14,000		Lockheed Martin Corp.(a)			1,390,200
9,500		Northrop Grumman Corp.			739,195
51,500		R.R. Donnelley & Sons Co.			1,560,965
23,000		Raytheon Co.			1,486,030
					10,215,130
Materials— 0.8%
6,000		Air Products & Chemical, Inc.(a)			552,000
15,000		RPM International, Inc.			314,100
					866,100
Real Estate Investment Trusts— 13.8%
27,805		Apartment Investment & Management Co.			995,697
Shares			Value
Common Stocks (Continued)
Real Estate Investment Trusts (Continued)
35,000		Brandywine Realty Trust		$	593,600
24,000		CBL & Associates Properties, Inc.			564,720
15,000		Entertainment Properties Trust			739,950
24,000		Equity Residential			995,760
34,500		First Industrial Realty Trust, Inc.(a)			1,065,705
24,000		HCP, Inc.(a)			811,440
21,000		Highwoods Properties, Inc.			652,470
28,000		Hospitality Properties Trust			952,560
51,000		Host Hotels & Resorts, Inc.(a)			811,920
33,000		Lexington Realty Trust			475,530
32,000		Liberty Property Trust			995,520
10,000		Mack-Cali Realty Corp.			357,100
7,000		Mid-America Apartment Communities, Inc.			348,880
45,000		National Retail Properties, Inc.(a)			992,250
18,818		One Liberty Properties, Inc.			302,782
22,000		ProLogis			1,294,920
31,000		Realty Income Corp.(a)			794,220
12,000		Simon Property Group, Inc.			1,114,920
32,000		Weingarten Realty Investors			1,102,080
					15,962,024
Technology— 2.6%
22,000		Accenture Ltd., Class A			773,740
22,000		Hewlett-Packard Co.			1,004,520
11,000		International Business Machines Corp.			1,266,540
					3,044,800
Telecommunications— 2.6%
46,500		AT&T, Inc.(a)			1,780,950
18,000		Embarq Corp.			721,800
15,000		Verizon Communications, Inc.(a)			546,750
					3,049,500
Utilities— 2.6%
37,000		Consolidated Edison, Inc.			1,468,900
40,500		Duke Energy Corp.(a)			722,925
38,000		Xcel Energy, Inc.			758,100
					2,949,925
Total Common Stocks (Cost $74,229,765)				68,568,819
Preferred Stocks—37.2%
Consumer Discretionary— 1.7%
80,000		Comcast Corp., 7.000%			1,965,600
Financials— 29.2%
115,000		ABN Amro Capital Funding Trust V, 5.900%			2,283,900
34,000		ACE Ltd., Series C, 7.800%			841,160
45,000		American International Group, Series A-4, 6.450%			1,037,700
40,000		ASBC Capital I, 7.625%			996,000
45,000		BAC Capital Trust XII, 6.875%(a)			1,064,700
40,000		Barclays Bank PLC, Series 2, 6.625%			949,200
20,000		Citigroup Capital Trust VIII, 6.950%			437,000
20,000		Fleet Capital Trust VIII, 7.200%			480,000
35,608		Goldman Sachs Group, Inc., Series B, 6.200%(a)			849,963
60,000		HSBC Holdings PLC, Series A, 6.200%(a)			1,304,400
110,000		ING Groep NV, 6.125%			2,319,900
Shares			Value
Preferred Stocks (Continued)
Financials (Continued)
60,000		JPMorgan Chase & Co., Series X, 7.000%(a)		$	1,482,000
75,000		KeyCorp Capital VIII, 7.000%(a)			1,563,000
65,000		Lehman Brothers Holdings, Inc., 6.500%(a)			1,194,700
70,000		Merrill Lynch & Co. Capital Trust V, 7.280%(a)			1,498,000
30,000		MetLife, Inc., Series B, 6.500%			688,200
70,000		Morgan Stanley Capital Trust, 6.600%(a)			1,498,000
80,000		National City Capital Trust II, 6.625%			1,352,000
45,887		PLC Capital Trust IV, 7.250%			1,084,310
53,525		Prudential PLC, 6.500%			1,253,020
90,812		RenaissanceRe Holdings Ltd., Series B, 7.300%			1,980,610
30,000		RenaissanceRe Holdings Ltd., Series C, 6.080%			568,500
80,000		Royal Bank of Scotland Group PLC, Series N, 6.350%			1,766,400
80,000		SLM Corp., 6.000%			1,344,000
100,000		The Bank of New York, Inc. Capital V, 7.800%			2,145,000
80,000		Wells Fargo Capital Trust VIII, 5.850%(a)			1,743,200
					33,724,863
Real Estate Investment Trusts— 2.6%
15,000		ProLogis Trust, Series F, 6.750%			349,050
130,000		Public Storage, Series F, 6.450%			2,645,500
					2,994,550
Telecommunications— 0.4%
20,000		AT&T, Inc., 6.375%			499,600
Utilities— 3.3%
100,000		BGE Capital Trust II, 6.200%			2,269,000
60,000		FPL Group Capital, Inc., Series A, 6.600%(a)			1,506,600
					3,775,600
Total Preferred Stocks (Cost $48,747,956)				42,960,213
Mutual Fund—1.1%
Exchange Traded Funds— 1.1%
55,000		AMEX Technology SPDR			1,240,250
Total Mutual Funds (Cost $914,245)				1,240,250
Cash Equivalents—1.4%
1,595,841		Huntington Money Market Fund, Interfund Shares, 1.94% (b)(c)			1,595,841
Total Cash Equivalents (Cost $1,595,841)				1,595,841
Short-Term Securities Held As Collateral For Securities Lending—23.1%
		Pool of various securities for the Huntington Funds			26,640,536
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $26,640,536)				26,640,536
Total Investments (Cost $152,128,343) — 122.3%				141,005,659
Liabilities in Excess of Other Assets — (22.3)%				(25,751,802)
Net Assets — 100.0%			$	115,253,857
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.
PLC	Public Liability Co.
SPA	Standby Purchase Agreement

See Notes to Portfolio of Investments.

Huntington Growth Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—93.1%
Consumer Discretionary— 5.2%
83,800		McDonald's Corp.(a)		$	4,673,526
71,400		Nike, Inc., Class B			4,855,200
66,000		The TJX Co., Inc.			2,182,620
					11,711,346
Consumer Staples— 12.3%
45,000		British American Tobacco PLC ADR			3,408,750
20,000		Bunge Ltd.			1,737,600
93,250		Colgate-Palmolive Co.			7,265,108
26,200		CVS Corp.			1,061,362
64,000		Molson Coors Brewing Co., Class B			3,364,480
56,000		PepsiCo, Inc.			4,043,200
60,000		Procter & Gamble Co.			4,204,200
25,200		Wimm-Bill-Dann Foods ADR			2,582,496
					27,667,196
Energy— 16.8%
68,000		Anadarko Petroleum Corp.			4,286,040
40,000		Devon Energy Corp.(a)			4,173,200
81,065		Exxon Mobil Corp.			6,856,478
32,400		Hess Corp.			2,857,032
43,000		Murphy Oil Corp.			3,532,020
33,000		Noble Energy, Inc.			2,402,400
99,880		Occidental Petroleum Corp.(a)			7,308,219
20,930		Transocean, Inc.*			2,829,736
48,000		Weatherford International, Inc.*			3,478,560
					37,723,685
Financials— 4.9%
70,000		Banco Bradesco S.A. ADR			1,943,200
12		Berkshire Hathaway, Inc., Class A*			1,600,800
20,000		BlackRock, Inc.(a)			4,083,600
85,000		NASDAQ Stock Market, Inc.*			3,286,100
					10,913,700
Health Care— 14.7%
50,000		Abbott Laboratories			2,757,500
25,000		Alcon, Inc.			3,556,250
90,000		Baxter International, Inc.			5,203,800
120,000		Bristol-Myers Squibb Co.			2,556,000
95,000		Gilead Sciences, Inc.*			4,895,350
80,000		Novo-Nordisk A/S			5,539,200
95,730		Schering-Plough Corp.			1,379,469
40,000		Stryker Corp.			2,602,000
40,800		Teva Pharmaceutical Industries Ltd. ADR			1,884,552
48,700		Thermo Fisher Scientific, Inc.*(a)			2,768,108
					33,142,229
Industrials— 7.6%
45,000		Emerson Electric Co.			2,315,700
100,000		General Electric Co.			3,701,000
20,700		L-3 Communications Holdings, Inc.			2,263,338
35,700		Lockheed Martin Corp.(a)			3,545,010
70,000		Manitowoc Co.			2,856,000
20,000		Union Pacific Corp.			2,507,600
					17,188,648
Materials— 5.0%
37,000		ArcelorMittal, Class A(a)			3,026,600
13,534		Freeport-McMoran Copper & Gold, Inc., Class B			1,302,241
33,000		Monsanto Co.			3,679,500
38,990		Praxair, Inc.			3,284,128
					11,292,469
Shares			Value
Common Stocks (Continued)
Technology— 21.2%
44,000		Amphenol Corp., Class A		$	1,639,000
28,600		Apple Computer, Inc.*			4,104,100
140,000		Cisco Systems, Inc.*			3,372,600
150,000		Corning, Inc.(a)			3,606,000
100,000		EMC Corp.*			1,434,000
28,000		Genzyme Corp.*			2,087,120
4,300		Google, Inc., Class A*(a)			1,894,021
43,000		Harris Corp.			2,086,790
127,587		Hewlett-Packard Co.			5,825,622
27,600		International Business Machines Corp.			3,177,864
100,000		LG Display Co. Ltd. ADR(a)			2,233,000
45,000		MEMC Electronic Materials, Inc.*			3,190,500
170,625		Microsoft Corp.			4,842,338
30,000		Nokia Oyj ADR			954,900
300,000		Oracle Corp.*			5,868,000
13,000		Research In Motion Ltd.*			1,458,990
					47,774,845
Telecommunications— 1.3%
100,000		Vodafone Group PLC ADR			2,951,000
Utilities— 4.1%
39,000		FirstEnergy Corp.(a)			2,676,180
53,610		FPL Group, Inc.			3,363,492
80,000		NRG Energy, Inc.*			3,119,200
					9,158,872
Total Common Stocks (Cost $164,640,649)				209,523,990
Cash Equivalents—7.3%
16,368,239		Huntington Money Market Fund, Interfund Shares, 1.94% (b)(c)			16,368,239
Total Cash Equivalents (Cost $16,368,239)				16,368,239
Short-Term Securities Held As Collateral For Securities Lending—12.1%
		Pool of various securities for the Huntington Funds			27,254,771
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $27,254,771)				27,254,771
Total Investments (Cost $208,263,659) — 112.5%				253,147,000
Liabilities in Excess of Other Assets — (12.5)%				(28,059,002)
Net Assets — 100.0%			$	225,087,998
(a)	All or a part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.
ADR	American Depositary Receipt
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

Huntington Income Equity Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—99.5%
Consumer Discretionary— 7.3%
155,800		CBS Corp., Class B		$	3,440,064
85,000		D. R. Horton, Inc.			1,338,750
65,000		Gannett Co., Inc.			1,888,250
67,000		Lennar Corp., Class A(a)			1,260,270
56,000		Royal Caribbean Cruises Ltd.			1,842,400
70,000		The Gap, Inc.(a)			1,377,600
					11,147,334
Consumer Staples— 10.5%
98,200		Archer-Daniels-Midland Co.(a)			4,041,912
90,000		ConAgra Foods, Inc.			2,155,500
54,300		General Mills, Inc.			3,251,484
85,600		Molson Coors Brewing Co., Class B			4,499,992
150,000		Sara Lee Corp.			2,097,000
					16,045,888
Energy— 5.5%
27,600		Chevron Texaco Corp.			2,355,936
34,300		ConocoPhillips			2,614,003
23,100		Occidental Petroleum Corp.(a)			1,690,227
42,400		Progress Energy, Inc.			1,768,080
					8,428,246
Financials— 21.8%
67,700		Bank of America Corp.(a)			2,566,507
138,000		BB&T Corp.			4,424,280
58,000		Cincinnati Financial Corp.			2,206,320
74,700		Citigroup, Inc.			1,600,074
93,500		JPMorgan Chase & Co.			4,015,825
56,500		Lehman Brothers Holdings, Inc.			2,126,660
159,000		MBIA, Inc.(a)			1,942,980
147,499		Regions Financial Corp.(a)			2,913,105
46,000		The Travelers Cos., Inc.			2,201,100
74,800		U.S. Bancorp			2,420,528
42,100		Unitrin, Inc.			1,487,814
127,600		Wachovia Corp.			3,445,200
70,000		Wells Fargo & Co.(a)			2,037,000
					33,387,393
Health Care— 11.8%
39,000		Eli Lilly & Co.			2,012,010
82,000		Johnson & Johnson			5,319,340
50,100		Merck & Co., Inc.			1,901,295
135,800		Pfizer, Inc.			2,842,294
56,500		Sanofi-Aventis ADR			2,121,010
92,700		Wyeth			3,871,152
					18,067,101
Industrials— 14.8%
45,000		Avery Dennison Corp.			2,216,250
42,000		Dover Corp.			1,754,760
33,600		Eaton Corp.			2,676,912
66,000		General Electric Co.			2,442,660
85,900		Ingersoll Rand Co.			3,829,422
33,300		L-3 Communications Holdings, Inc.			3,641,022
61,850		Parker Hannifin Corp.			4,284,350
63,800		R.R. Donnelley & Sons Co.			1,933,778
					22,779,154
Materials— 4.3%
36,200		Du Pont (E.I.) de Nemours & Co.			1,692,712
26,700		PPG Industries, Inc.			1,615,617
89,200		The Dow Chemical Co.			3,287,020
					6,595,349
Real Estate Investment Trusts— 3.1%
40,000		HCP, Inc.(a)			1,352,400
Shares			Value
Common Stocks (Continued)
Real Estate Investment Trusts (Continued)
41,000		Hospitality Properties Trust		$	1,394,820
55,400		Mack-Cali Realty Corp.			1,978,334
					4,725,554
Technology— 10.9%
64,200		Hewlett-Packard Co.			2,931,372
28,100		International Business Machines Corp.			3,235,434
76,000		Nokia Oyj ADR			2,419,080
76,500		Oracle Corp.*			1,496,340
55,000		Tyco Electronics Ltd.			1,887,600
70,000		United Technologies Corp.			4,817,400
					16,787,226
Telecommunications— 5.3%
77,400		AT&T, Inc.			2,964,420
64,600		BT Group PLC ADR			2,784,260
144,400		Deutsche Telecom AG ADR			2,394,152
					8,142,832
Utilities— 4.2%
41,000		Consolidated Edison, Inc.			1,627,700
42,800		DTE Energy Co.			1,664,492
82,000		NiSource, Inc.			1,413,680
108,900		TECO Energy, Inc.(a)			1,736,955
					6,442,827
Total Common Stocks (Cost $144,605,590)				152,548,904
Cash Equivalents—0.4%
634,228		Huntington Money Market Fund, Interfund Shares, 1.94%  (b)(c)			634,228
Total Cash Equivalents (Cost $634,229)				634,228
Short-Term Securities Held As Collateral For Securities Lending—12.5%
		Pool of various securities for the Huntington Funds			19,116,874
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $19,116,874)				19,116,874
Total Investments (Cost $164,356,693) — 112.4%				172,300,006
Liabilities in Excess of Other Assets — (12.4)%				(19,010,342)
Net Assets — 100.0%			$	153,289,664
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.
ADR	American Depositary Receipt
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

Huntington International Equity Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—80.7%
Canada— 1.6%
Energy— 1.6%
70,000		EnCana Corp.		$	5,302,500
Finland— 1.8%
Telecommunications— 1.8%
194,000		Nokia Oyj			6,137,244
France— 7.5%
Consumer Discretionary— 1.8%
156,000		Vivendi			6,095,001
Energy— 2.3%
103,140		Total SA			7,658,935
Financials— 1.9%
174,900		AXA ADR			6,315,639
Utilities— 1.5%
79,800		Suez SA ADR			5,256,442
					25,326,017
Germany— 5.1%
Health Care— 1.7%
76,300		Stada Arzneimittel AG			5,556,252
Technology— 1.5%
104,400		SAP AG ADR			5,174,926
Utilities— 1.9%
100,000		E.ON AG ADR			6,236,920
					16,968,098
Ireland— 2.3%
Consumer Staples— 1.0%
103,300		Kerry Group PLC			3,236,941
Financials— 1.3%
335,000		Anglo Irish Bank Corp. PLC			4,468,641
					7,705,582
Italy— 1.0%
Industrials— 1.0%
96,000		Finmeccanica SPA			3,264,306
Japan— 19.0%
Consumer Discretionary— 5.2%
152,000		Honda Motor Co. Ltd			4,339,153
222,000		Matsushita Electric Industrial Co. Ltd.			4,811,559
16,150		Nintendo Co. Ltd.			8,329,420
					17,480,132
Consumer Staples— 4.1%
538,000		Ajinomoto Co., Inc.			5,452,338
113,600		Unicharm Corp.			8,309,693
					13,762,031
Financials— 1.4%
524,500		Mitsubishi UFJ Financial Group, Inc. ADR			4,563,150
Health Care— 1.4%
136,000		Eisai Co. Ltd.			4,639,775
Industrials— 3.2%
48,000		FANUC Ltd.			4,565,924
223,000		KOMATSU Ltd.			6,186,986
					10,752,910
Technology— 3.7%
148,500		Canon, Inc.			6,839,404
330,000		Sharp Corp.			5,609,272
					12,448,676
					63,646,674
Shares			Value
Common Stocks (Continued)
Mexico— 0.9%
Materials— 0.9%
116,604		Cemex S.A.B. de C.V. ADR		$	3,045,696
Netherlands— 6.0%
Consumer Discretionary— 2.2%
191,000		Koninklijke (Royal) Phillips Electronics NV			7,322,940
Financials— 2.0%
147,012		ING Groep NV			5,504,799
30,000		ING Groep NV ADR			1,121,100
					6,625,899
Industrials— 1.8%
165,800		TNT NV ADR			6,158,577
					20,107,416
Netherlands Antilles— 2.0%
Energy— 2.0%
79,000		Schlumberger Ltd.			6,873,000
Norway— 1.5%
Telecommunications— 1.5%
271,000		Telenor ASA			5,190,755
Singapore— 3.8%
Industrials— 1.6%
746,000		Keppel Corp. Ltd.			5,366,906
Telecommunications— 2.2%
2,575,930		Singapore Telecommunications Ltd.			7,319,153
					12,686,059
Spain— 3.7%
Financials— 1.6%
240,700		Banco Bilbao Vizcaya Argentaria SA ADR			5,292,993
Telecommunications— 2.1%
249,384		Telefonica SA			7,164,963
					12,457,956
Sweden— 3.0%
Financials— 1.4%
162,600		Swedbank AB, Class A			4,557,727
Industrials— 1.6%
310,500		Sandvik AB			5,397,159
					9,954,886
Switzerland— 5.8%
Health Care— 2.6%
123,900		Novartis AG			6,351,606
12,000		Roche Holding AG			2,258,838
					8,610,444
Materials— 3.2%
183,100		Syngenta AG ADR			10,713,181
					19,323,625
United Kingdom— 15.7%
Consumer Discretionary— 2.0%
495,000		Pearson PLC			6,694,233
Consumer Staples— 5.4%
554,400		Cadbury Schweppes PLC ADR			6,089,346
520,000		Tate & Lyle PLC			5,572,203
872,284		Tesco PLC ADR			6,560,348
					18,221,897
Energy— 2.3%
338,000		BG Group PLC ADR			7,827,397
Shares			Value
Common Stocks (Continued)
United Kingdom (Continued)
Financials— 2.5%
240,000		Standard Chartered PLC		$	8,201,139
Health Care— 0.5%
42,850		GlaxoSmithKline PLC ADR			1,818,125
Industrials— 1.5%
608,000		Rolls-Royce Group PLC			4,862,263
Utilities— 1.5%
177,100		Scottish & Southern Energy PLC			4,934,185
					52,559,239
Total Common Stocks (Cost $198,379,027)				270,549,053
Mutual Funds—4.0%
Exchange Traded Funds— 4.0%
165,000		iShares MSCI Hong Kong Index Fund			2,961,750
275,000		iShares MSCI Malaysia Index Fund			3,258,750
235,000		iShares MSCI Taiwan Index Fund			3,724,750
88,200		Morgan Stanley India Fund			3,341,898
Total Mutual Funds (Cost $11,944,582)				13,287,148
Repurchase Agreements—11.6%
38,843,000		State Street Bank, 1.150%, dated 3/31/08, due 4/1/08, repurchase price $38,844,241 (Fully collateralized by U.S. Treasury securities)			38,843,000
Total Repurchase Agreements (Cost $38,843,000)				38,843,000
Total Investments (Cost $249,166,609) — 96.3%				322,679,201
Other Assets in Excess of Liabilities — 3.7%				12,363,987
Net Assets — 100.0%			$	335,043,188
ADR	American Depositary Receipt
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

Huntington Macro 100 Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—98.0%
Consumer Discretionary— 15.2%
3,100		Apollo Group, Inc., Class A*		$	133,920
9,000		AutoNation, Inc.*			134,730
14,000		eBay, Inc.*			417,760
4,100		Ecolab, Inc.			178,063
7,100		Family Dollar Stores, Inc.			138,450
3,200		Fortune Brands, Inc.			222,400
5,800		Hasbro, Inc.			161,820
3,500		International Flavors & Fragrances, Inc.			154,175
5,200		International Game Technology			209,092
8,500		Johnson Controls, Inc.			287,300
7,500		Liz Claiborne, Inc.			136,125
3,000		Meredith Corp.			114,750
11,100		Staples, Inc.			245,421
4,800		The Hershey Co.			180,816
7,300		The TJX Co., Inc.			241,411
200		The Washington Post Co., Class B			132,300
10,500		United Parcel Service, Inc., Class B			766,710
3,500		UST, Inc.			190,820
7,700		Yum! Brands, Inc.			286,517
					4,332,580
Consumer Staples— 11.1%
6,800		Avon Products, Inc.			268,872
6,100		Dean Foods Co.			122,549
4,600		Kellogg Co.			241,776
4,500		McCormick & Co., Inc.			166,365
21,400		Procter & Gamble Co.			1,499,498
6,200		SUPERVALU, Inc.			185,876
9,200		Sysco Corp.			266,984
3,200		The Clorox Co.			181,248
3,900		Wm. Wrigley Jr. Co.			245,076
					3,178,244
Energy— 14.3%
3,900		Apache Corp.			471,198
6,600		Chesapeake Energy Corp.			304,590
5,100		Devon Energy Corp.			532,083
2,800		Entergy Corp.			305,424
3,300		EOG Resources, Inc.			396,000
3,200		Integrys Energy Group, Inc.			149,248
8,300		Marathon Oil Corp.			378,480
3,200		Murphy Oil Corp.			262,848
3,000		Noble Energy, Inc.			218,400
5,700		PPL Corp.			261,744
5,000		Progress Energy, Inc.			208,500
3,200		Range Resources Corp.			203,040
6,200		XTO Energy, Inc.			383,532
					4,075,087
Financials— 20.6%
4,900		ACE Ltd.			269,794
6,100		AFLAC, Inc.			396,195
7,200		Allstate Corp.			346,032
33,300		Bank of America Corp.			1,262,403
4,600		Cincinnati Financial Corp.			174,984
9,300		H&R Block, Inc.			193,068
11,800		Hudson City Bancorp, Inc.			208,624
8,300		KeyCorp			182,185
6,900		Marshall & Ilsley Corp.			160,080
6,500		Paychex, Inc.			222,690
12,300		Progressive Corp.			197,661
3,300		Safeco Corp.			144,804
5,000		SunTrust Banks, Inc.			275,700
2,800		Torchmark Corp.			168,308
Shares			Value
Common Stocks (Continued)
Financials (Continued)
18,200		U.S. Bancorp		$	588,952
20,100		Wachovia Corp.			542,700
11,900		Western Union Co.			253,113
4,900		XL Capital Ltd., Class A			144,795
3,300		Zions Bancorp			150,315
					5,882,403
Health Care— 13.3%
6,600		Aetna, Inc.			277,794
3,400		Becton, Dickinson & Co.			291,890
2,200		C.R. Bard, Inc.			212,080
10,600		Gilead Sciences, Inc.*			546,218
22,400		Johnson & Johnson			1,453,088
11,900		Mylan Laboratories, Inc.			138,040
4,600		Patterson Cos., Inc.*			166,980
3,300		Sigma-Aldrich Corp.			196,845
3,800		Stryker Corp.			247,190
3,600		Zimmer Holdings, Inc.*			280,296
					3,810,421
Industrials— 8.3%
7,400		3M Co.			585,710
13,900		Allied Waste Industries, Inc.*			150,259
4,000		Fedex Corp.			370,680
2,500		Jacobs Engineering Group, Inc.*			183,975
9,400		Masco Corp.			186,402
4,100		Pall Corp.			143,787
5,200		Pitney Bowes, Inc.			182,104
2,600		Ryder System, Inc.			158,366
2,400		The Black & Decker Corp.			158,640
7,800		Waste Management, Inc.			261,768
					2,381,691
Materials— 2.3%
3,500		Ball Corp.			160,790
5,600		Pactiv Corp.*			146,776
4,200		Praxair, Inc.			353,766
					661,332
Technology— 10.4%
3,200		Affiliated Computer Services, Inc.*			160,352
5,400		BMC Software, Inc.*			175,608
6,300		Cognizant Technology Solutions Corp., Class A*			181,629
25,100		Dell, Inc.*			499,992
5,200		Electronic Arts, Inc.*			259,584
3,700		Fiserv, Inc.*			177,933
4,000		Genzyme Corp.*			298,160
7,200		Intuit, Inc.*			194,472
10,200		Jabil Circuit, Inc.			96,492
4,500		Lexmark International, Inc.*			138,240
6,600		SanDisk Corp.*			148,962
14,300		Symantec Corp.*			237,666
7,000		Total System Services, Inc.			165,620
16,000		Xerox Corp.			239,520
					2,974,230
Telecommunications— 0.6%
14,400		Windstream Corp.			172,080
Utilities— 1.9%
5,200		Consolidated Edison, Inc.			206,440
9,700		Southern Co.			345,417
					551,857
Shares			Value
Common Stocks (Continued)
Total Common Stocks (Cost $28,759,228)			$	28,019,925
Cash Equivalents—1.9%
532,560		Huntington Money Market Fund, Interfund Shares, 1.94% (a)(b)			532,560
Total Cash Equivalents (Cost $532,560)				532,560
Total Investments (Cost $29,291,788) — 99.9%				28,552,485
Other Assets in Excess of Liabilities — 0.1%				21,211
Net Assets — 100.0%			$	28,573,696
(a)	Investment in affiliate.
(b)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.

See Notes to Portfolio of Investments.

Huntington Mid Corp America Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—97.6%
Consumer Discretionary— 8.1%
19,500		Abercrombie & Fitch Co., Class A (a)		$	1,426,230
30,900		AnnTaylor Stores Corp. *(a)			747,162
32,400		BorgWarner, Inc.			1,394,172
30,934		Fidelity National Title Group, Inc., Class A			567,020
19,200		Hanover Insurance Group, Inc.			789,888
23,000		Liz Claiborne, Inc. (a)			417,450
40,000		Nordstrom, Inc.			1,304,000
5,000		Polo Ralph Lauren Corp. (a)			291,450
12,000		Republic Services, Inc., Class A			350,880
37,200		Royal Caribbean Cruises Ltd. (a)			1,223,880
27,500		Sonic Automotives, Inc.			565,125
14,700		The Stanley Works			700,014
10,000		UniFirst Corp.			370,900
10,600		Whirlpool Corp. (a)			919,868
8,000		Wolverine World Wide, Inc.			232,080
31,800		Zales Corp. *(a)			628,368
					11,928,487
Consumer Staples— 3.2%
32,000		Church & Dwight Co., Inc. (a)			1,735,680
20,000		Constellation Brands, Inc. *			353,400
20,700		Ralcorp Holding, Inc. *			1,203,705
18,900		Smithfield Foods, Inc. *			486,864
31,400		SUPERVALU, Inc.			941,372
					4,721,021
Energy— 10.6%
4,500		Baker Hughes, Inc.			308,250
62,700		Chesapeake Energy Corp. (a)			2,893,605
11,300		Forest Oil Corp. *			553,248
29,200		Helmerich & Payne, Inc. (a)			1,368,604
9,145		Mariner Energy, Inc. *			247,006
20,800		Murphy Oil Corp.			1,708,512
27,900		National Fuel Gas Co.			1,317,159
48,300		Noble Energy, Inc.			3,516,240
6,000		Smith International, Inc.			385,380
66,200		Spectra Energy Corp.			1,506,050
15,000		Unit Corp. *			849,750
12,600		Weatherford International, Inc. *			913,122
					15,566,926
Financials— 11.2%
14,600		AMCORE Financial, Inc.			297,110
26,200		AmeriCredit Corp. *(a)			263,834
21,200		BancorpSouth, Inc.			490,992
18,818		BOK Financial Corp.			982,864
10,700		Cincinnati Financial Corp.			407,028
26,900		City National Corp. (a)			1,330,474
24,200		First American Financial Corp.			821,348
17,000		FirstMerit Corp.			351,220
7,372		Fulton Financial Corp.			90,602
30,700		Genworth Financial, Inc.			695,048
20,000		Legg Mason, Inc.			1,119,600
28,870		Lincoln National Corp.			1,501,240
13,300		M&T Bank Corp.			1,070,384
22,100		Nationwide Financial Services, Inc.			1,044,888
62,250		Old Republic International Corp.			803,648
30,900		Protective Life Corp.			1,253,304
22,240		T. Rowe Price Group, Inc.			1,112,000
32,800		TCF Financial Corp.			587,776
26,700		Torchmark Corp.			1,604,937
21,000		Wilmington Trust Corp.			653,100
					16,481,397
Shares			Value
Common Stocks (Continued)
Health Care— 14.7%
14,500		Aetna, Inc.		$	610,305
50,000		AmerisourceBergen Corp.			2,049,000
26,100		Barr Laboratories, Inc. *			1,260,891
12,430		Biogen Idec, Inc. *(a)			766,807
8,300		Cephalon, Inc. *			534,520
38,775		Coventry Health Care, Inc. *			1,564,571
8,000		Dentsply International, Inc.			308,800
30,970		Humana, Inc. *			1,389,314
27,800		Invitrogen Corp. *			2,376,066
29,800		Lincare Holdings, Inc. *			837,678
76,300		Mylan Laboratories, Inc. (a)			885,080
22,200		Owens & Minor, Inc.			873,348
36,000		Pediatrix Medical Group, Inc. *			2,426,400
16,000		Quest Diagnostics, Inc.			724,320
73,156		Thermo Fisher Scientific, Inc. *(a)			4,158,187
20,200		WellCare Health Plans, Inc. *(a)			786,790
					21,552,077
Industrials— 18.7%
10,200		Alliant Techsystems, Inc. *			1,056,006
47,200		Cooper Industries Ltd., Class A (a)			1,895,080
34,400		Cummins, Inc.			1,610,608
27,000		Eastman Chemical Co.			1,686,150
16,000		Elbit Systems Ltd.			887,200
3,000		G&K Services, Inc., Class A			106,830
26,690		ITT Corp.			1,382,809
54,000		Kennametal, Inc.			1,589,220
39,000		L-3 Communications Holdings, Inc.			4,264,260
19,500		Mohawk Industries, Inc. *(a)			1,396,395
6,000		Oshkosh Corp.			217,680
33,800		Pall Corp.			1,185,366
23,400		Parker Hannifin Corp.			1,620,918
20,100		Precision Castparts Corp.			2,051,808
7,000		R.R. Donnelley & Sons Co.			212,170
3,000		Rockwell International Corp.			172,260
21,000		Ryder System, Inc.			1,279,110
16,000		Stericycle, Inc. *			824,000
21,500		Teleflex, Inc.			1,025,765
20,000		Textron, Inc.			1,108,400
30,500		Thomas & Betts Corp. *			1,109,285
40,000		Wyndham Worldwide Corp.			827,200
					27,508,520
Materials— 9.0%
41,400		Albemarle Corp.			1,511,928
44,400		AptarGroup, Inc.			1,728,492
6,000		Ball Corp.			275,640
6,200		Bemis Co., Inc.			157,666
8,000		Cymer, Inc. *			208,320
29,300		Cytec Industries, Inc.			1,577,805
27,000		FMC Corp.			1,498,230
18,800		Lubrizol Corp.			1,043,588
3,000		Minerals Technologies, Inc.			188,400
18,300		Pactiv Corp. *			479,643
12,280		PPG Industries, Inc.			743,063
20,000		Quanex Corp.			1,034,800
20,900		RPM International, Inc.			437,646
6,000		Schnitzer Steel Industries, Inc.			426,120
5,000		Texas Industries, Inc. (a)			300,550
10,000		The Scotts Co.			324,200
43,400		Trimble Navigation Ltd. *(a)			1,240,806
					13,176,897
Shares			Value
Common Stocks (Continued)
Real Estate Investment Trusts— 0.0%
3,673		Host Hotels & Resorts, Inc. (a)			58,474
Technology— 15.5%
125,333		Activision, Inc. *(a)		$	3,422,844
11,000		Amdocs Ltd. *			311,960
48,000		Arris Group, Inc. *(a)			279,360
44,180		Autodesk, Inc. *(a)			1,390,786
15,100		Avocent Corp. *			255,190
8,925		Benchmark Electronics, Inc. *			160,204
41,870		Broadcom Corp., Class A *			806,835
24,310		Cypress Semiconductor Corp. *(a)			573,959
15,570		Electronic Arts, Inc. *			777,254
19,196		Fidelity National Information Services, Inc.			732,135
3,000		Fiserv, Inc. *			144,270
28,430		FLIR Systems, Inc. *			855,459
40,000		Forrester Research, Inc. *			1,063,200
3,000		Genzyme Corp. *			223,620
33,000		Harris Corp.			1,601,490
24,400		Imation Corp.			554,856
35,400		Integrated Device Technology, Inc. *			316,122
12,400		International Rectifier Corp. *			266,600
12,000		Intersil Corp., Class A			308,040
10,000		Intuit, Inc. *			270,100
29,000		JDA Software Group, Inc. *			529,250
16,100		KLA-Tencor Corp.			597,310
24,400		Lam Research Corp. *			932,568
11,000		MEMC Electronic Materials, Inc. *			779,900
11,000		Molex, Inc.			254,760
30,800		NCR Corp. *			703,164
37,140		NVIDIA Corp. *(a)			735,001
50,000		ON Semiconductor Corp. *			284,000
17,200		Progress Software Corp. *			514,624
38,200		SanDisk Corp. *			862,174
32,000		Sybase, Inc. *			841,600
30,800		Teradata Corp. *			679,448
29,250		Varian Semiconductor Equipment Associates, Inc. *			823,388
					22,851,471
Telecommunications— 0.7%
12,000		CenturyTel, Inc.			398,880
50,000		Sycamore Networks, Inc. *			183,000
9,000		Telus Corp.			376,650
					958,530
Utilities— 5.9%
12,000		AGL Resources, Inc.			411,840
9,766		Allete, Inc.			377,163
15,500		Atmos Energy Corp.			395,250
8,000		Constellation Energy Group, Inc.			706,160
34,800		Energy East Corp.			839,376
60,750		MDU Resources Group, Inc.			1,491,412
14,250		New Jersey Resources Corp.			442,463
71,000		Questar Corp.			4,015,760
					8,679,424
Total Common Stocks (Cost $94,353,227)				143,483,224
Principal Amount					Value
Cash Equivalents—2.4%
3,526,706		Huntington Money Market Fund, Interfund Shares, 1.94% (b)(c)			3,526,706
Total Cash Equivalents (Cost $3,526,706)				3,526,706
Short-Term Securities Held As Collateral For Securities Lending—19.2%
		Pool of various securities for the Huntington Funds		$	28,133,136
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $28,133,136)				28,133,136
Total Investments (Cost $126,013,069) — 119.2%				175,143,066
Liabilities in Excess of Other Assets — (19.2)%				(28,149,513)
Net Assets — 100.0%			$	146,993,553
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.

See Notes to Portfolio of Investments.

Huntington New Economy Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—93.4%
Consumer Discretionary— 8.8%
16,300		Aeropostale, Inc. *		$	441,893
18,000		Amerigon, Inc. *			266,400
20,400		Big Lots, Inc. *			454,920
12,500		CBRL Group, Inc.			447,125
30,000		GameStop Corp. *			1,551,300
20,000		Garmin Ltd. (a)			1,080,200
37,600		Guess?, Inc.			1,521,672
13,900		LIFE TIME FITNESS, Inc. *			433,819
20,000		Nintendo Co. Ltd. ADR *			1,291,004
11,100		The Gymboree Corp. *			442,668
20,000		Tiffany & Co.			836,800
					8,767,801
Consumer Staples— 8.1%
45,600		Cosan Ltd., Class A *			561,792
86,200		Dean Foods Co.			1,731,758
25,800		Loews Corp. - Carolina Group			1,871,790
44,000		Molson Coors Brewing Co., Class B			2,313,080
27,640		Reynolds American, Inc.			1,631,589
					8,110,009
Energy— 6.9%
22,200		Alpha Natural Resources, Inc. *			964,368
20,000		CONSOL Energy, Inc. (a)			1,383,800
9,000		National Oilwell Varco, Inc. *(a)			525,420
10,000		Oceaneering International, Inc. *			630,000
57,200		The Williams Cos., Inc.			1,886,456
20,000		Ultra Petroleum Corp. *			1,550,000
					6,940,044
Financials— 5.2%
40,000		BB&T Corp.			1,282,400
15,900		Franklin Resources, Inc.			1,542,141
38,900		Hudson City Bancorp, Inc.			687,752
48,800		Willis Group Holdings Ltd.			1,640,168
					5,152,461
Health Care— 17.4%
18,500		Baxter International, Inc.			1,069,670
6,100		Becton, Dickinson & Co.			523,685
30,000		BioMarin Pharmaceutical, Inc. *(a)			1,061,100
23,700		Celgene Corp. *			1,452,573
15,900		Express Scripts, Inc. *			1,022,688
15,000		ICON PLC ADR *			973,350
6,900		Intuitive Surgical, Inc. *(a)			2,238,015
17,000		Inverness Medical Innovations, Inc. *			511,700
10,300		Laboratory Corp. of America Holdings *			758,904
20,800		Onyx Pharmaceuticals, Inc. *			603,824
31,000		Pediatrix Medical Group, Inc. *			2,089,400
30,000		Perrigo Co. (a)			1,131,900
40,000		Quidel Corp. *			642,400
27,400		Stryker Corp.			1,782,370
12,700		Thermo Fisher Scientific, Inc. *(a)			721,868
21,500		WellCare Health Plans, Inc. *(a)			837,425
					17,420,872
Industrials— 12.8%
32,000		Aegean Marine Petroleum Network, Inc.			1,094,720
13,230		Ameron International Corp.			1,237,402
23,400		Chicago Bridge & Iron Co. N.V.			918,216
16,200		Cummins, Inc.			758,484
17,500		GulfMark Offshore, Inc. *			957,600
4,000		L-3 Communications Holdings, Inc.			437,360
40,800		Manitowoc Co.			1,664,640
Shares			Value
Common Stocks (Continued)
Industrials (Continued)
32,772		PACCAR, Inc.		$	1,474,740
39,900		Robbins & Myers, Inc.			1,302,735
20,000		Stericycle, Inc. *			1,030,000
121,500		Stillwater Mining Co. *			1,879,605
					12,755,502
Materials— 3.5%
9,500		CF Industries Holdings, Inc. (a)			984,390
9,200		Monsanto Co.			1,025,800
56,000		North American Palladium Ltd. *(a)			305,760
34,100		Terra Industries, Inc. *			1,211,573
					3,527,523
Real Estate Investment Trusts— 2.2%
52,600		Digital Reality Trust, Inc.			1,867,300
7,700		Ventas, Inc.			345,807
					2,213,107
Technology— 24.8%
75,800		Activision, Inc. *(a)			2,070,098
10,000		Apple Computer, Inc. *(a)			1,435,000
35,555		ASML Holding NV *(a)			882,120
35,900		Atheros Communications, Inc. *(a)			748,156
100,000		AU Optronics Corp. ADR			1,719,000
40,000		Cypress Semiconductor Corp. *(a)			944,400
20,000		Electronic Arts, Inc. *			998,400
50,000		EMC Corp. *			717,000
10,200		First Solar, Inc. *			2,357,628
2,300		Google, Inc., Class A *(a)			1,013,081
30,000		Immersion Corp. *			213,300
46,600		Juniper Networks, Inc. *			1,165,000
89,000		Marvell Technology Group Ltd. *			968,320
35,900		MEMC Electronic Materials, Inc. *			2,545,310
124,300		Micron Technology, Inc. *			742,071
90,750		NVIDIA Corp. *(a)			1,795,942
15,000		Research In Motion Ltd. *(a)			1,683,450
33,100		SanDisk Corp. *			747,067
5,000		SunPower Corp., Class A *(a)			372,550
10,000		VMware, Inc., Class A *(a)			428,200
40,000		Wright Express Corp. *			1,229,200
					24,775,293
Telecommunications— 1.4%
20,000		EMS Technologies, Inc. *			542,800
61,500		Premiere Global Services, Inc. *			881,910
					1,424,710
Utilities— 2.3%
17,400		FirstEnergy Corp. (a)			1,193,988
25,599		ONEOK, Inc.			1,142,484
					2,336,472
Total Common Stocks (Cost $94,235,534)				93,423,794
Cash Equivalent—7.3%
7,282,911		Huntington Money Market Fund, Interfund Shares, 1.94% (b)(c)			7,282,911
Total Cash Equivalents (Cost $7,282,911)				7,282,911
Short-Term Securities Held As Collateral For Securities Lending—23.6%
		Pool of various securities for the Huntington Funds			23,546,741
Short-Term Securities Held As Collateral For Securities Lending (Continued)
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $23,546,741)				23,546,741
Total Investments (Cost $125,065,186) — 124.3%				124,253,446
Liabilities in Excess of Other Assets — (24.3)%				(24,274,800)
Net Assets — 100.0%			$	99,978,646
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.
ADR	American Depositary Receipt
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

Huntington Real Strategies Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—80.0%
Consumer Discretionary— 0.9%
8,000		DryShips, Inc.		$	479,280
Consumer Staples— 6.2%
9,000		Bunge Ltd. (a)			781,920
100,000		Cosan Ltd., Class A *			1,232,000
30,000		Dean Foods Co.			602,700
20,000		Tate & Lyle PLC ADR			858,608
					3,475,228
Energy— 22.6%
10,000		Canadian Natural Resources Ltd. ADR			682,600
3,000		Chevron Texaco Corp.			256,080
18,000		CONSOL Energy, Inc.			1,245,420
3,000		Devon Energy Corp.			312,990
10,000		EnCana Corp.			757,500
6,000		Endesa SA			314,648
6,000		Enel SPA ADR			319,447
10,000		ENI SPA			681,100
6,000		EOG Resources, Inc.			720,000
21,000		National Oilwell Varco, Inc. *(a)			1,225,980
17,500		Noble Corp.			869,225
9,000		Petroleo Brasileiro SA ADR			918,990
7,000		Rowan Cos., Inc.			288,260
15,000		Sasol Ltd. ADR			725,850
27,000		Spectra Energy Corp.			614,250
10,346		StatoilHydro ASA ADR			309,035
10,000		Tesoro Corp.			300,000
5,000		Tractebel Energia SA ADR			315,985
5,098		Transocean, Inc. *			689,250
9,000		Ultra Petroleum Corp. *			697,500
7,000		Valero Energy Corp.			343,770
					12,587,880
Financials— 0.5%
10,000		Brookfield Asset Management, Inc.			268,300
Industrials— 20.5%
20,000		Aegean Marine Petroleum Network, Inc.			684,200
21,200		AGCO Corp. *			1,269,456
25,000		Atlas Copco AB ADR *			427,913
6,000		Bucyrus International, Inc. (a)			609,900
8,000		Canadian National Railway Co.			386,560
20,000		Chicago Bridge & Iron Co. N.V.			784,800
9,000		Deere & Co.			723,960
3,000		Fluor Corp. (a)			423,480
6,000		Foster Wheeler Ltd. *			339,720
10,000		General Cable Corp. *			590,700
10,000		GulfMark Offshore, Inc. *			547,200
15,000		KBR, Inc.			415,950
12,000		Kennametal, Inc.			353,160
10,000		Manitowoc Co.			408,000
10,500		PACCAR, Inc.			472,500
3,500		POSCO ADR			416,430
33,000		Robbins & Myers, Inc.			1,077,450
20,000		Stillwater Mining Co. *(a)			309,400
21,000		Yara International ASA ADR			1,217,002
					11,457,781
Materials— 19.1%
4,000		Allegheny Technologies, Inc.			285,440
14,917		Anglo American PLC ADR			444,079
2,800		Anglo Platinum Ltd. ADR			410,016
15,000		Barrick Gold Corp.			651,750
4,500		BASF, AG ADR			610,658
Shares			Value
Common Stocks (Continued)
Materials (Continued)
10,000		BHP Billiton Ltd. ADR		$	658,500
5,000		Century Aluminum Co. *			331,200
30,000		Companhia Vale do Rio Doce ADR			1,039,200
10,000		CRH PLC ADR			383,500
5,000		Enbridge Energy Partners LP			237,750
2,500		Freeport-McMoran Copper & Gold, Inc., Class B			240,550
12,000		Harsco Corp.			664,560
47,000		Highveld Steel & Vanadium Corp. Ltd. *(a)			922,610
18,000		Impala Platinum  Holdings Ltd. ADR			693,288
3,750		Monsanto Co.			418,125
27,000		Norsk Hydro ASA ADR			394,235
10,000		Patriot Coal Corp. *			469,700
4,000		Peabody Energy Corp.			204,000
3,000		Potash Corp. of Saskatchewan, Inc.			465,630
4,000		Terra Nitrogen Co., LP (a)			446,200
5,000		The Mosaic Co. *			513,000
60,000		Uranium Energy Corp. *			168,600
					10,652,591
Real Estate Investment Trusts— 6.8%
16,000		American Campus Communities, Inc.			437,760
6,000		Avalonbay Communities, Inc. (a)			579,120
6,000		Boston Properties, Inc. (a)			552,420
20,000		Duke Realty Corp.			456,200
15,000		General Growth Properties, Inc. (a)			572,550
20,000		LaSalle Hotel Properties			574,600
7,000		Vornado Realty Trust			603,470
					3,776,120
Technology— 1.9%
10,000		MEMC Electronic Materials, Inc. *			709,000
5,000		SunPower Corp., Class A *			372,550
					1,081,550
Utilities— 1.5%
15,000		Questar Corp.			848,400
Total Common Stocks (Cost $44,109,191)				44,627,130
Mutual Funds—5.2%
Exchange Traded Funds— 5.2%
3,000		Oil Service HOLDRs Trust (a)			530,400
15,000		Powershares DB Agriculture Fund			544,500
30,000		PowerShares DB Silver Fund			954,000
10,000		StreetTRACKS Gold Trust (a)			903,800
Total Mutual Funds (Cost $2,631,151)				2,932,700
Cash Equivalents—15.4%
8,567,986		Huntington Money Market Fund, Interfund Shares, 1.94%  (b)(c)			8,567,986
Total Cash Equivalents (Cost $8,567,986)				8,567,986
Short-Term Securities Held As Collateral For Securities Lending—9.1%
		Pool of various securities for the Huntington Funds			5,063,360
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $5,063,360)				5,063,360
Total Investments (Cost $60,371,688) — 109.7%				61,191,176
Liabilities in Excess of Other Assets — (9.7)%				(5,430,077)
Net Assets — 100.0%			$	55,761,099
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.
ADR	American Depositary Receipt
LP	Limited Partnership
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

Huntington Rotating Markets Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Mutual Funds—95.6%
Exchange Traded Funds— 95.6%
75,456		DIAMONDS Trust Series I(a)		$	9,241,096
28,622		iShares Dow Jones U.S. Basic Materials Sector Index Fund			2,124,325
11,419		iShares Dow Jones U.S. Financial Sector Index Fund(a)			932,361
19,230		iShares Dow Jones U.S. Industrial Sector Index Fund			1,316,294
21,699		iShares Dow Jones U.S. Utilities Sector Index Fund			1,995,657
20,855		iShares Morningstar Large Core Index Fund			1,554,115
75,368		iShares Russell 1000 Growth Index Fund			4,103,034
62,513		iShares Russell 1000 Index Fund(a)			4,499,686
57,292		iShares S&P 500 Value Index Fund(a)			3,968,044
136,831		PowerShares Dynamic Large Cap Value Portfolio			2,521,795
7,173		S&P Depositary Receipt(a)			944,684
20,287		Vanguard Consumer Discretionary(a)			995,077
30,794		Vanguard Consumer Staples			2,120,783
26,100		Vanguard Energy			2,777,040
35,865		Vanguard Heath Care			1,924,516
128,364		Vanguard Large Cap			7,633,807
Total Mutual Funds (Cost $48,216,253)				48,652,314
Cash Equivalents—4.6%
2,325,617		Huntington Money Market Fund, Interfund Shares, 1.94% (b)(c)			2,325,617
Total Cash Equivalents (Cost $2,325,617)				2,325,617
Short-Term Securities Held As Collateral For Securities Lending—32.4%
		Pool of various securities for the Huntington Funds			16,521,888
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $16,521,888)				16,521,888
Total Investments (Cost $67,063,758) — 132.6%				67,499,819
Liabilities in Excess of Other Assets — (32.6)%				(16,581,483)
Net Assets — 100.0%			$	50,918,336
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.

See Notes to Portfolio of Investments.

Huntington Situs Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—97.5%
Brazil— 0.7%
Consumer Discretionary— 0.7%
19,800		Companhia Brasileira de Distribuicao Grupo Pao de Acucar (a)		$	810,612
Chile— 0.5%
Materials— 0.5%
24,000		Sociedad Quimica Y Minera De Chile ADR			561,120
Denmark— 0.9%
Energy— 0.4%
3,900		Vestas Wind Systems A/S *			426,103
Health Care— 0.5%
6,800		Novozymes A/S, Class B			636,402
					1,062,505
Finland— 1.5%
Industrials— 1.5%
17,600		Cargotec Corp., Class B			863,788
25,400		Kone Oyj, Class B			1,042,111
					1,905,899
Germany— 1.9%
Consumer Staples— 1.0%
13,200		Douglas Holding AG			715,355
7,734		Fielmann AG			477,003
					1,192,358
Health Care— 0.9%
15,800		Stada Arzneimittel AG			1,150,574
					2,342,932
Hong Kong— 0.7%
Consumer Discretionary— 0.7%
168,500		Television Broadcasts, Ltd.			902,864
Ireland— 0.9%
Consumer Staples— 0.9%
36,800		Kerry Group PLC			1,153,141
Italy— 0.5%
Energy— 0.5%
15,000		Saipem SPA			607,132
Japan— 1.1%
Consumer Discretionary— 0.0%(b)
90		Hokuto Corp.			1,595
Health Care— 0.5%
10,900		Terumo Corp.			568,733
Industrials— 0.1%
13,600		Sato Corp.			173,446
Technology— 0.5%
65,000		Furuno Electric Co., Ltd.			632,651
					1,376,425
Singapore— 0.7%
Consumer Staples— 0.7%
94,000		Asia Pacific Breweries Ltd.			915,341
Spain— 0.8%
Technology— 0.8%
23,000		Prosegur Compania de Seguridad SA			964,702
Sweden— 0.6%
Consumer Discretionary— 0.6%
43,800		Haldex AB			772,399
Switzerland— 0.6%
Consumer Staples— 0.6%
22		Lindt & Spruengli AG			779,605
Shares			Value
Common Stocks (Continued)
United Kingdom— 0.9%
Consumer Staples— 0.3%
31,188		Bunzl PLC		$	439,106
Technology— 0.6%
179,000		Halma PLC			688,216
					1,127,322
United States— 85.2%
Consumer Discretionary— 12.9%
40,000		AnnTaylor Stores Corp. *(a)			967,200
49,900		Audiovox Corp., Class A *			532,932
54,050		Brunswick Corp.			863,178
50,000		Cabela's, Inc., Class A *(a)			708,000
10,500		Columbia Sportswear Co. (a)			462,315
20,000		Ennis, Inc.			335,600
17,050		Fossil, Inc. *			520,707
40,000		Gander Mountain Co. *(a)			243,200
40,000		Garmin Ltd. (a)			2,160,400
10,000		Hilb, Rogal & Hobbs Co.			314,700
30,000		Jakks Pacific, Inc. *			827,100
5,362		MDC Holdings, Inc.			234,802
25,000		Movado Group, Inc.			487,250
14,200		Polo Ralph Lauren Corp.			827,718
23,850		Rent-A-Center, Inc. *			437,648
87,000		ScanSource, Inc. *			3,148,530
25,000		Skechers USA, Inc. *			505,250
28,000		Speedway Motorsports, Inc.			701,960
7,200		Thor Industries, Inc. (a)			214,344
45,600		Urban Outfitters, Inc. *			1,429,560
21,900		West Marine, Inc. *			152,643
					16,075,037
Consumer Staples— 2.5%
47,977		Fresh Del Monte Produce, Inc. *			1,746,363
40,500		Performance Food Group Co. *			1,323,540
					3,069,903
Energy— 10.5%
30,000		Alliance Resource Partners LP (a)			1,050,000
15,000		Atwood Oceanics, Inc. *			1,375,800
21,700		Carbo Ceramics, Inc. (a)			870,170
90,400		Denbury Resources, Inc. *			2,580,920
20,000		Dril-Quip, Inc. *			929,400
55,000		Headwaters, Inc. *			725,450
11,336		Helix Energy Solutions Group, Inc. *			357,084
1,463		Hugoton Royalty Trust			40,349
26,400		Newfield Exploration Co. *			1,395,240
27,000		Oceaneering International, Inc. *			1,701,000
15,000		Saint Mary Land & Exploration Co.			577,500
27,000		Swift Energy Co. *			1,214,730
15,000		TETRA Technologies, Inc. *			237,600
					13,055,243
Financials— 7.2%
37,600		Arch Capital Group, Ltd. *			2,581,992
35,000		Bank of Florida Corp. *(a)			354,900
40,204		BB&T Corp.			1,288,940
55,400		Colonial Bancgroup, Inc. (a)			533,502
47,300		Cullen/Frost Bankers, Inc.			2,508,792
20,000		Philadelphia Consolidated Holdings Corp. *			644,000
11,383		SCBT Financial Corp.			384,746
13,800		WSFS Financial Corp.			680,064
					8,976,936
Shares			Value
Common Stocks (Continued)
United States (Continued)
Health Care— 10.7%
20,000		Advanced Medical Optics, Inc. *(a)		$	406,000
100,000		Albany Molecular Research *			1,214,000
30,500		Bio-Rad Laboratories, Inc., Class A *			2,712,975
49,600		Cerner Corp. *			1,849,088
43,700		Edwards LifeSciences Corp. *(a)			1,946,835
35,000		Kindred Healthcare, Inc. *(a)			765,450
20,000		Kinetic Concepts, Inc. *			924,600
20,000		Lincare Holdings, Inc. *			562,200
53,100		Mentor Corp. (a)			1,365,732
25,000		Millennium Pharmaceuticals, Inc. *			386,500
35,000		Osiris Therapeutics, Inc. *(a)			440,300
9,300		Par Pharmaceutical, Inc. *			161,727
12,810		PharMerica Corp. *			212,262
22,000		ViroPharma, Inc. *(a)			196,680
3,000		WellCare Health Plans, Inc. *(a)			116,850
					13,261,199
Industrials— 14.8%
30,000		Alliant Techsystems, Inc. *			3,105,900
20,000		American Woodmark Corp. (a)			411,200
40,000		BE Aerospace, Inc. *			1,398,000
16,900		CDI Corp.			423,345
20,000		Exlservice Holdings, Inc. *(a)			459,200
45,000		Jacobs Engineering Group, Inc. *			3,311,550
42,000		Overseas Shipholding Group, Inc. (a)			2,941,680
30,000		Precision Castparts Corp.			3,062,400
10,000		Ryder System, Inc.			609,100
22,700		The Timken Co.			674,644
10,000		Tidewater, Inc.			551,100
30,000		Universal Forest Products, Inc. (a)			966,000
28,750		Werner Enterprises, Inc.			533,600
					18,447,719
Materials— 11.6%
49,000		Albemarle Corp.			1,789,480
80,000		Ceradyne, Inc. *(a)			2,556,800
25,000		Commercial Metals Co.			749,250
10,000		Deckers Outdoor Corp. *(a)			1,078,200
12,400		Eagle Materials, Inc. (a)			440,820
15,850		Quanex Corp.			820,079
20,000		RTI International Metals, Inc. *			904,200
25,000		Texas Industries, Inc. (a)			1,502,750
33,000		The Scotts Co.			1,069,860
125,000		Trimble Navigation Ltd. *(a)			3,573,750
					14,485,189
Real Estate Investment Trusts— 2.3%
8,500		Camden Property Trust			426,700
20,800		CBL & Associates Properties, Inc.			489,424
15,000		Colonial Properties Trust			360,750
50,000		Equity One, Inc.			1,198,500
8,000		Healthcare Realty Trust, Inc.			209,200
20,900		HRPT Properties Trust			140,657
					2,825,231
Technology— 8.9%
27,900		ACI Worldwide, Inc. *(a)			555,768
32,000		Anixter International, Inc. *(a)			2,049,280
27,000		Black Box Corp.			832,950
20,000		Brocade Communications Systems, Inc. *			146,000
33,000		Compuware Corp. *			242,220
23,300		Hutchinson Technology, Inc. *(a)			370,703
39,150		Imation Corp.			890,271
Shares			Value
Common Stocks (Continued)
United States (Continued)
Technology (Continued)
60,600		Methode Electronics, Inc.		$	708,414
35,000		NETGEAR, Inc. *			698,250
50,000		Red Hat, Inc. *			919,500
124,900		Standard Microsystems Corp. *			3,644,582
					11,057,938
Telecommunications— 1.5%
48,000		CommScope, Inc. *(a)			1,671,840
39,000		General Communication, Inc.,    Class A *			239,460
					1,911,300
Utilities— 2.3%
5,000		AGL Resources, Inc.			171,600
29,900		Hawaiian Electric Industries, Inc. (a)			713,713
10,100		Northwest Natural Gas Co.			438,744
60,500		UGI Corp.			1,507,660
					2,831,717
					105,997,412
Total Common Stocks (Cost $108,749,744)				121,279,411
Cash Equivalents—3.7%
4,563,866		Huntington Money Market Fund, Interfund Shares, 1.94% (c)(d)		4,563,866
Total Cash Equivalents (Cost $4,563,866)				4,563,866
Short-Term Securities Held As Collateral For Securities Lending—21.1%
		Pool of various securities for the Huntington Funds		26,190,138
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $26,190,138)				26,190,138
Total Investments (Cost $139,503,748) — 122.3%				152,033,415
Liabilities in Excess of Other Assets — (22.3)%				(27,694,248)
Net Assets — 100.0%			$	124,339,167
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Amount rounds to less than 0.05%.
(c)	Investment in affiliate.
(d)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.
ADR	American Depositary Receipt
LP	Limited Partnership
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

Huntington Fixed Income Securities Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Principal Amount					Value
U.S. Government Agencies—29.0%
Federal Home Loan Bank –— 18.7%
$7,000,000		5.000%, 12/11/09		$	7,318,304
1,250,000		5.625%, 8/15/11			1,265,484
3,000,000		5.000%, 9/9/11			3,191,811
2,000,000		5.250%, 10/6/11			2,026,354
3,000,000		4.375%, 6/8/12			3,148,164
1,000,000		5.625%, 6/15/12			1,072,608
3,000,000		5.375%, 6/14/13			3,285,135
2,000,000		4.200%, 6/26/13			2,008,222
5,000,000		4.750%, 9/11/15			5,266,500
6,500,000		4.750%, 12/16/16			6,847,522
					35,430,104
Federal Home Loan Mortgage Corporation –— 8.7%
2,000,000		3.640%, 8/12/08			2,008,788
1,500,000		4.125%, 11/18/09			1,544,309
4,000,000		6.480%, 12/5/11			4,499,048
3,000,000		5.750%, 1/15/12			3,301,329
900,000		4.500%, 7/16/13			905,271
3,000,000		5.500%, 3/28/16			3,196,275
1,000,000		5.200%, 3/5/19(a)			1,017,693
					16,472,713
Federal National Mortgage Association —1.6%
3,000,000		4.600%, 12/14/12			3,084,642
Total U.S. Government Agencies (Cost $52,162,806)				54,987,459
Corporate Bonds—41.4%
Consumer Discretionary— 2.2%
2,000,000		Kraft Foods, Inc., 6.000%, 2/11/13			2,067,726
2,000,000		Union Pacific Corp., 5.650%, 5/1/17			1,995,686
					4,063,412
Energy— 2.1%
2,500,000		Bay State Gas Co., 9.200%, 6/6/11			2,879,877
1,000,000		Transocean, Inc., 6.000%, 3/15/18			1,028,625
					3,908,502
Financials— 17.5%
2,000,000		American General Finance Corp., 4.625%, 5/15/09			1,983,954
1,000,000		American International Group, Inc., 6.250%, 5/1/36			945,734
1,000,000		Citigroup, Inc., 7.250%, 10/1/10			1,059,335
1,000,000		First Tennessee Bank, 6.400%, 4/1/08			1,000,000
2,000,000		General Electric Capital Corp., 4.875%, 10/21/10			2,078,516
2,000,000		General Electric Capital Corp., 5.250%, 10/19/12			2,078,242
2,000,000		General Electric Global Insurance Holdings Corp., 7.500%, 6/15/10			2,149,696
2,000,000		HSBC Finance Corp., 5.625%, 6/15/20			1,939,034
1,000,000		Lincoln National Corp., 4.750%, 2/15/14			987,072
3,000,000		MBNA America Bank Corp. N.A., 7.125%, 11/15/12			3,325,932
1,000,000		Merrill Lynch & Co., Inc., 5.770%, 7/25/11			1,012,951
1,000,000		MetLife, Inc., 5.000%, 11/24/13			1,047,034
1,000,000		MetLife, Inc., 5.700%, 6/15/35			889,578
1,000,000		Morgan Stanley, 6.750%, 10/15/13			1,050,522
2,000,000		Nationwide Financial Services, Inc., 6.250%, 11/15/11			2,123,730
Principal Amount					Value
Corporate Bonds (Continued)
Financials (Continued)
$1,180,000		Protective Life Secured Trust, 4.000%, 10/7/09		$	1,188,794
2,050,000		RenaissanceRe Holdings Ltd., 5.875%, 2/15/13			2,164,511
3,000,000		Wachovia Corp., 5.300%, 10/15/11			3,028,911
1,000,000		Washington Mutual Bank, 5.950%, 5/20/13			855,000
2,210,000		WFC Greater Bay Bancorp, 5.125%, 4/15/10			2,311,673
					33,220,219
Health Care— 2.6%
2,500,000		Genentech, Inc., 4.750%, 7/15/15			2,511,382
2,500,000		WellPoint, Inc., 4.250%, 12/15/09			2,495,910
					5,007,292
Industrials— 1.0%
2,000,000		Cintas Corp., 6.150%, 8/15/36			1,877,770
Materials— 1.4%
1,000,000		DuPont EI Nemour, 6.875%, 10/15/09			1,056,128
1,500,000		Hanson PLC, 7.875%, 9/27/10			1,625,900
					2,682,028
Real Estate Investment Trusts— 4.5%
2,000,000		Camden Property Trust, 4.375%, 1/15/10			1,952,496
1,500,000		CPG Partners LP, 3.500%, 3/15/09			1,485,006
2,000,000		Hospitality Properties Trust, 6.750%, 2/15/13			1,966,348
1,000,000		Kimco Realty Corp., 4.820%, 6/1/14			971,482
1,000,000		Mack-Cali Realty Corp., 7.750%, 2/15/11			1,048,011
1,000,000		Weingarten Realty Investors, 7.350%, 7/20/09			1,039,403
					8,462,746
Technology— 5.4%
2,000,000		Cisco Systems, Inc., 5.500%, 2/22/16			2,069,214
1,665,000		Emerson Electric Co., 5.125%, 12/1/16			1,681,703
2,000,000		Hewlett-Packard Co., 5.500%, 3/1/18			2,049,036
2,000,000		Oracle Corp., 5.250%, 1/15/16			1,998,970
2,460,000		Thermo Fisher Scientific, Inc., 7.625%, 10/30/08			2,520,583
					10,319,506
Telecommunications— 1.1%
2,000,000		Comcast Corp., 6.500%, 1/15/17			2,042,640
Utilities— 3.6%
1,000,000		American Electric Power, 5.375%, 3/15/10			1,023,148
1,000,000		Atlantic City Electric Co., 6.750%, 5/12/08			1,002,736
1,000,000		Cincinnati Gas & Electric Co., 6.400%, 4/1/08			1,000,000
1,000,000		Cinergy Global Resources, Inc., 6.200%, 11/3/08			1,015,268
1,000,000		Cleco Corp., 6.520%, 5/15/09			1,025,378
1,800,000		Gulf Power Co., 4.900%, 10/1/14			1,784,221
					6,850,751
					78,434,866
Principal Amount or Shares					Value
U.S. Treasury Obligations — 16.8%
U.S. Treasury Bonds –— 13.8%
$4,500,000		9.125%, 5/15/18(a)		$	6,589,687
3,000,000		8.750%, 8/15/20			4,405,314
2,000,000		7.125%, 2/15/23			2,650,156
2,000,000		7.625%, 2/15/25			2,815,000
4,000,000		6.750%, 8/15/26(a)			5,247,188
1,500,000		5.250%, 11/15/28			1,688,087
2,500,000		5.375%, 2/15/31			2,891,405
					26,286,837
U.S. Treasury Notes —3.0%
4,500,000		6.125%, 8/15/29			5,634,491
Total U.S. Treasury Obligations (Cost $28,194,706)				31,921,328
Preferred Stocks—2.0%
Consumer Discretionary— 0.2%
10,000		Comcast Corp., 7.000%			245,700
Financials— 1.4%
10,000		ABN Amro Capital Funding Trust V, 5.900%			198,600
25,000		Citigroup Capital Trust VIII, 6.950%			546,250
10,000		General Electric Capital Corp., 6.100%			248,800
10,000		ING Groep NV, 6.125%			210,900
10,000		KeyCorp Capital VIII, 7.000%(a)			208,400
20,000		Merrill Lynch & Co. Capital Trust III, 7.000%			407,200
9,530		Prudential PLC, 6.500%			223,097
10,000		The Bank of New York, Inc. Capital V, 7.800%			214,500
18,000		Wells Fargo Capital Trust II, 7.000%			433,260
					2,691,007
Real Estate Investment Trusts— 0.4%
40,000		Public Storage, Series F, 6.450%			814,000
Total Preferred Stocks (Cost $3,981,399)				3,750,707
Certificates of Deposit—1.6%
Banks— 1.6%
3,000,000		Royal Bank of Canada NY, 5.290%, 2/2/09			3,048,051
Total Certificates of Deposit (Cost $3,001,228)				3,048,051
U.S. Government Mortgage Backed Agencies—5.2%
Federal Home Loan Mortgage Corporation –— 2.4%
265,636		Pool # 599630, 6.500%, 8/1/16			278,775
387,182		Pool # 254403, 6.000%, 8/1/17			399,624
3,684,200		Pool # J05518, 5.500%, 9/1/22			3,761,144
					4,439,543
Government National Mortgage Association –— 2.8%
6,743		Pool # 383488, 7.000%, 2/15/09			6,902
4,980,926		Pool # 683937, 6.000%, 2/15/23			5,142,547
184,603		Pool # 345128, 6.500%, 1/15/24			193,256
30,963		Pool # 372962, 7.000%, 3/15/24			33,161
60,544		Pool # 352982, 7.500%, 5/15/24			65,301
Principal Amount or Shares					Value
U.S. Government Mortgage Backed Agencies (Continued)
27,288		Pool # 373015, 8.000%, 6/15/24		$	29,904
					5,471,071
Total U.S. Government Mortgage Backed Agencies (Continued)  (Cost $9,873,493)				9,910,614
Cash Equivalents—3.0%
5,732,499		Huntington Money Market Fund, Interfund Shares, 1.94%  (c)(d)			5,732,499
Total Cash Equivalents (Cost $5,732,499)				5,732,499
Short-Term Securities Held As Collateral For Securities Lending—5.5%
		Pool of various securities for the Huntington Funds			10,412,478
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $10,412,478)				10,412,478
Total Investments (Cost $191,050,425) — 104.5%				198,198,002
Liabilities in Excess of Other Assets — (4.5)%				(8,479,130)
Net Assets — 100.0%			$	189,718,872
(a)	All or a part of the security was on loan as of March 31, 2008.
(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)	Investment in affiliate.
(d)	Rate disclosed is the seven day yield as of March 31, 2008.
LP	Limited Partnership
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

Huntington Intermediate Government Income Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Principal Amount					Value
U.S. Government Agencies—52.0%
Federal Farm Credit Bank –— 9.9%
$1,000,000		5.750%, 1/18/11		$	1,083,947
2,000,000		4.990%, 1/28/15			2,000,716
2,000,000		4.875%, 12/16/15			2,119,022
1,000,000		5.270%, 9/1/16			1,089,572
2,000,000		5.650%, 3/6/17			2,057,906
2,000,000		5.050%, 3/8/17			2,123,042
1,000,000		5.550%, 8/1/17			1,111,962
					11,586,167
Federal Home Loan Bank –— 21.8%
1,000,000		4.000%, 7/8/11			1,000,427
2,000,000		5.500%, 2/9/12			2,057,674
3,000,000		5.375%, 6/14/13			3,285,135
3,000,000		5.000%, 6/19/13			3,016,485
2,000,000		5.250%, 3/19/14			2,087,988
2,000,000		4.375%, 2/13/15			2,079,200
2,000,000		4.750%, 9/11/15			2,106,600
2,000,000		4.250%, 1/22/16			2,019,246
2,000,000		5.500%, 10/19/16			2,083,418
2,000,000		5.250%, 11/8/17			2,108,964
2,000,000		5.100%, 2/13/18			2,018,986
1,500,000		4.250%, 3/9/18			1,508,285
					25,372,408
Federal Home Loan Mortgage Corporation –— 14.0%
2,000,000		3.000%, 5/13/08			2,001,308
2,000,000		5.250%, 10/6/11			2,026,256
2,000,000		4.250%, 5/22/13			2,084,052
1,500,000		5.162%, 12/16/13			1,526,535
2,000,000		5.375%, 1/9/14			2,034,494
1,000,000		5.500%, 2/20/14			1,024,623
2,000,000		6.000%, 7/6/17			2,083,926
3,500,000		5.200%, 3/5/19(a)			3,561,925
					16,343,119
Federal National Mortgage Association –— 6.3%
1,500,000		5.400%, 3/9/17			1,571,696
2,500,000		5.000%, 4/26/17			2,547,322
3,000,000		5.625%, 11/15/21			3,086,334
					7,205,352
Total U.S. Government Agencies (Cost $58,481,947)				60,507,046
U.S. Government Mortgage Backed Agencies—34.1%
Federal Home Loan Mortgage Corporation –— 15.9%
375,548		Pool # M80773, 5.000%, 10/1/09			379,846
804,797		Pool # M81004, 5.000%, 1/1/13			819,688
645,461		Series R007, Class AC, 5.875%, 5/15/16			655,741
750,028		Series 2003-32, Class KB, 5.000%, 3/25/17			767,073
394,778		Pool # E01184, 6.000%, 8/1/17			407,194
849,795		Series 2555, Class B, 4.250%, 1/15/18			856,753
1,135,201		Series 3046, Class YA, 5.000%, 2/15/19			1,152,330
2,500,000		Series 2571, Class VP, 5.500%, 7/15/21			2,551,764
1,108,672		Pool # C90699, 5.000%, 8/1/23			1,117,503
1,000,000		Series 2649, Class OL, 4.500%, 4/15/26			1,011,325
889,214		Series 2670, Class QP, 4.000%, 2/15/27			892,768
Principal Amount					Value
U.S. Government Mortgage Backed Agencies (Continued) Federal Home Loan Mortgage Corporation (Continued)
$1,000,000		Series 2676, Class PG, 5.500%, 1/15/29		$	1,037,583
1,784,110		Series 2802, Class MB, 5.500%, 11/15/31			1,819,988
819,736		Series 2976, Class HP, 4.500%, 1/15/33			824,982
596,835		Pool # G08005, 5.500%, 8/1/34			604,173
836,351		Pool # 1G0865, 4.903%, 7/1/35			849,141
2,661,230		Pool # 972190, 5.317%, 11/1/35			2,695,763
					18,443,615
Federal National Mortgage Association –— 13.6%
315,433		Pool # 647408, 5.000%, 10/1/17			320,138
552,200		Pool # 254911, 5.000%, 10/1/23			553,934
1,302,634		Pool # 255360, 5.000%, 8/1/24			1,306,024
1,322,567		Pool # 255767, 5.500%, 6/1/25			1,345,333
1,470,428		Pool # 256116, 6.000%, 2/1/26			1,512,119
1,127,110		Pool # 256213, 6.000%, 4/1/26			1,159,068
1,098,461		Series 2003-11, Class BA, 5.500%, 8/25/32			1,124,597
1,006,744		Pool # 254594, 5.500%, 1/1/33			1,020,186
251,709		Series 2003-16, Class CB, 4.000%, 2/25/33			246,961
1,459,414		Pool # 783793, 6.000%, 7/1/34			1,500,193
1,078,870		Pool # 807963, 5.000%, 1/1/35			1,070,175
631,864		Pool # 806715, 5.500%, 1/1/35			639,458
1,458,574		Pool # 735224, 5.500%, 2/1/35			1,477,175
1,674,886		Pool # 868935, 5.500%, 5/1/36			1,692,807
863,313		Pool # 907484, 6.000%, 1/1/37			885,164
					15,853,332
Government National Mortgage Association –— 4.6%
1,500,000		Series 2003-100, Class VB, 5.500%, 1/20/23			1,552,539
996,486		Pool # 683552, 5.500%, 2/15/23			1,020,900
1,100,000		Pool # 666057, 5.000%, 3/15/23			1,116,638
309,096		Pool # 2699, 6.000%, 1/20/29			320,289
398,933		Pool # 576456, 6.000%, 3/15/32			413,381
1,000,000		Series 2005-55, Class PD, 5.000%, 5/20/32			1,004,674
					5,428,421
Total U.S. Government Mortgage Backed Agencies (Cost $39,146,562)				39,725,368
U.S. Treasury Obligations—10.3%
U.S. Treasury Notes –— 1.7%
2,000,000		3.375%, 11/15/08			2,023,906
1,000,000		5.000%, 8/15/11			1,099,922
1,000,000		4.125%, 8/31/12			1,072,734
2,000,000		4.250%, 11/15/14(a)			2,186,876
2,000,000		4.500%, 2/15/16(a)			2,201,562
2,000,000		5.125%, 5/15/16(a)			2,278,438
Principal Amount or Shares					Value
U.S. Treasury Obligations (Continued) U.S. Treasury Notes (Continued)
$1,000,000		4.750%, 2/15/37(a)		$	1,075,547
Total U.S. Treasury Obligations (Cost $10,961,901)				11,938,985
Cash Equivalents—3.1%
3,647,773		Huntington Money Market Fund, Interfund Shares, 1.94%  (b)(c)			3,647,773
Total Cash Equivalents (Cost $3,647,773)				3,647,773
Short-Term Securities Held As Collateral For Securities Lending—9.2%
		Pool of various securities for the Huntington Funds			10,759,338
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $10,759,338)				10,759,338
Total Investments (Cost $122,997,521) — 108.7%				126,578,510
Liabilities in Excess of Other Assets — (8.7)%				(10,083,239)
Net Assets — 100.0%			$	116,495,271
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.

See Notes to Portfolio of Investments.

Huntington Michigan Tax-Free Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Principal Amount					Value
Municipal Bonds—96.3%
Michigan— 96.3%
$150,000		Big Rapids, MI, Public School District, G.O., (FSA Ins.), 5.000%, 5/1/19		$	151,736
75,000		Bishop, MI, International Airport Authority Refunding, G.O.,Series A, (AMBAC Ins.), 5.100%, 12/1/18			77,500
400,000		Chippewa Valley, MI, Schools, G.O., (FSA Ins.), 4.500%, 5/1/21			404,244
470,000		Detroit, MI, City School District, G.O., (FSA Ins.), 5.000%, 5/1/22			486,685
65,000		Detroit, MI, City School District, G.O., Series B, (FGIC Ins.), 5.000%, 5/1/19			67,504
300,000		Detroit, MI, Sewer Disposal Revenue, (MBIA Ins.), 5.250%, 7/1/19			323,193
500,000		DeWitt, MI, Public Schools, G.O., (MBIA Q-SBLF Ins.), 5.000%, 5/1/16			546,840
500,000		Dexter, MI, Community Schools, G.O., (FGIC Q-SBLF Ins.), 5.100%, 5/1/18			539,635
60,000		Dowagiac, MI, School District, G.O., 5.500%, 5/1/16			64,592
150,000		Ecorse, MI, Public School District, G.O., (FSA Q-SBLF Ins.), 5.000%, 5/1/19			158,783
400,000		Grand Rapids & Kent County, MI, Building Authority, G.O., Series A, 5.000%, 12/1/19			422,552
100,000		Grosse Isle Township, MI, School District Refunding, G.O., (FGIC Q-SBLF Ins.), 5.100%, 5/1/18			100,253
300,000		Hartland, MI, Consolidated School District Refunding, G.O., (Q-SBLF Ins.), 5.050%, 5/1/18			310,434
500,000		Hartland, MI, Consolidated School District Refunding, G.O., (Q-SBLF Ins.), 5.125%, 5/1/20			515,245
500,000		Hazel Park, MI, School District, G.O., (Q-SBLF Ins.), 5.000%, 5/1/16			527,090
140,000		Huron Valley, MI, School District Refunding, G.O., (FGIC Q-SBLF Ins.), 5.000%, 5/1/18			140,350
150,000		Huron Valley, MI, School District, G.O., (Q-SBLF Ins.), 5.250%, 5/1/17			160,740
55,000		Kalamazoo, MI, Hospital Finance Authority Refunding Revenue, (MBIA Ins.), 5.250%, 5/15/18			55,642
190,000		Kelloggsville, MI, Public School District Refunding, G.O., (FGIC Ins.), 5.000%, 5/1/13			190,452
500,000		Kent County, MI, Airport Revenue, G.O., 5.000%, 1/2/23			514,230
25,000		Kent County, MI, Building Authority, G.O., 4.800%, 6/1/16			25,926
250,000		Lake Orion, MI, Community School District Refunding, G.O., 5.000%, 5/1/18			260,842
Principal Amount					Value
Municipal Bonds (Continued)
Michigan (Continued)
$410,000		Lake Orion, MI, Community School District Unrefunded, G.O., (Q-SBLF Ins.), 4.800%, 5/1/15		$	432,312
350,000		Lincoln, MI, Consolidated School District Refunding, G.O., (FSA Ins.), 5.000%, 5/1/20			366,978
500,000		Michigan Municipal Bond Authority Department of Treasury, 5.250%, 10/1/18			532,670
200,000		Michigan Municipal Bond Authority, City of Detroit School District Revenue, (FSA Ins.), 5.000%, 6/1/15			219,114
500,000		Michigan Public Power Agency Refunding Revenue, (MBIA Ins.), 5.250%, 1/1/15			553,400
50,000		Michigan State Building Authority Refunding Revenue, Series I, (FSA Ins.), 5.250%, 10/15/12			54,891
250,000		Michigan State Building Authority Refunding Revenue, Series I, 5.500%, 10/15/15			264,265
500,000		Michigan State Department of Treasury, G.O., Series A, 5.250%, 5/1/17			536,520
10,000		Michigan State Hospital Finance Authority Revenue, (MBIA Ins.), 6.000%, 5/15/14			10,517
250,000		Michigan State Hospital Finance Authority Revenue, (MBIA Ins.), 5.000%, 11/15/17			267,257
40,000		Michigan State Hospital Finance Authority Revenue, (MBIA Ins.), 5.000%, 2/15/18			40,810
355,000		Michigan State Hospital Finance Authority Revenue, (MBIA Ins.), 5.000%, 11/15/19			372,523
500,000		Mount Clemens, MI, Community School District Refunding, G.O., (FSA Ins.), 5.000%, 5/1/18			532,760
10,000		Northwestern Community College, MI, Unrefunded, G.O., (FGIC Ins.), 5.300%, 4/1/12			10,380
200,000		Plymouth-Canton, MI, Community School District Refunding, G.O., (Q-SBLF Ins.), 5.250%, 5/1/15			217,602
90,000		Saginaw Valley State University, MI, Unrefunded Revenue, (AMBAC Ins.), 5.000%, 7/1/12			92,261
65,000		South Lyon, MI, Community Schools, G.O., (Q-SBLF Ins.), 4.250%, 5/1/10			67,409
120,000		St Clarin County, MI, G.O., (FGIC Ins.), 4.500%, 4/1/15			124,674
500,000		Van Buren County, MI, Sewage Disposal, G.O., (AMBAC Ins.), 5.000%, 5/1/16			515,590
400,000		Warren, MI, Consolidated School District, G.O., (Q-SBLF Ins.), 5.250%, 5/1/19			425,404
100,000		Wayne County, MI, Public Improvements, G.O., 5.300%, 10/1/13			104,158
Principal Amount or Shares					Value
Municipal Bonds (Continued)
Michigan (Continued)
$15,000		Wayne County, MI, Wayne Community College, G.O., (AMBAC Ins.), 5.350%, 7/1/13	$		15,601
170,000		Wayne State University, MI, Revenue, (AMBAC Ins.), 5.000%, 11/15/20			178,610
Total Municipal Bonds (Cost $11,929,454)				11,980,174
Cash Equivalents—2.0%
247,224		Fidelity Institutional Tax-Exempt Portfolio, 2.190%  (a)			247,224
Total Cash Equivalents (Cost $247,224)				247,224
Total Investments (Cost $12,176,678) — 98.3%				12,227,398
Other Assets in Excess of Liabilities — 1.7%				209,537
Net Assets — 100.0%			$	12,436,935
(a)	Rate disclosed is the seven day yield as of March 31, 2008.
AMBAC	American Municipal Bond Assurance Corp.
FGIC	Financial Guaranty Insurance Co.
FSA	Financial Security Assurance
G.O.	General Obligation
Ins.	Insured
MBIA	Municipal Bond Insurance Association
Q-SBLF	Qualified School Bond Loan Fund

See Notes to Portfolio of Investments.

Huntington Mortgage Securities Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Principal Amount						Value
U.S. Government Mortgage Backed Agencies—83.0% Federal Home Loan Bank –— 0.8% ­
$725,114		4.800%, 2/25/13		$		729,878
Federal Home Loan Mortgage Corporation –— 33.9%
138,522		REMIC Series 2399, Class EC, 5.500%, 1/15/09				140,026
308,970		Series 2548, Class HA, 4.500%, 1/15/10				312,312
307,052		Series 1994-23, Class PK, 6.000%, 5/25/10				312,492
459,961		Pool # M80927, 5.000%, 7/1/11				472,164
34,776		Pool # E65142, 6.500%, 7/1/11				36,261
804,797		Pool # M81004, 5.000%, 1/1/13				819,940
1,334,599		REMIC Series 2584, Class LE, 4.000%, 12/15/13				1,349,502
747,658		Pool # J03237, 5.500%, 8/1/16				767,077
2,000,000		Series 2780, Class QC, 4.500%, 3/15/17				2,038,161
1,265,127		Series 3322, Class LA, 5.250%, 4/15/17				1,289,800
1,297,622		Series 2770, Class TC, 4.000%, 1/15/18				1,303,905
352,223		Pool # E96459, 5.000%, 5/1/18				357,491
119,841		Pool # C90237, 6.500%, 11/1/18				125,552
1,135,200		Series 3046, Class YA, 5.000%, 2/15/19				1,152,741
1,000,000		Series 2541, Class VL, 5.500%, 11/15/20				1,028,359
731,073		Pool # G12297, 6.000%, 7/1/21				753,029
1,000,000		Series 2571, Class VP, 5.500%, 7/15/21				1,022,436
1,000,000		REMIC Series 2543, Class PQ, 5.500%, 4/15/22				1,039,736
838,207		Pool # C90779, 5.000%, 1/1/24				845,146
820,998		Series 2847, Class NC, 4.000%, 1/15/24				822,952
881,788		Pool # C90859, 5.500%, 10/1/24				897,973
1,000,000		Series 2676, Class PG, 5.500%, 1/15/29				1,037,951
333,010		Pool # C00730, 6.000%, 3/1/29				344,483
2,000,000		REMIC Series 2553, Class AE, 5.500%, 9/15/29				2,051,607
1,000,000		Series 2672, Class GH, 5.500%, 8/15/31				1,023,879
1,000,000		Series 2802, Class MB, 5.500%, 11/15/31				1,021,494
819,736		Series 2976, Class HP, 4.500%, 1/15/33				825,816
1,149,482		Pool # A15284, 5.500%, 10/1/33				1,164,739
1,193,669		Pool # G08005, 5.500%, 8/1/34				1,208,533
836,351		Pool # 1G0865, 4.903%, 7/1/35				849,402
1,348,557		Series 3002, Class CA, 5.000%, 7/15/35				1,378,435
835,259		Pool # G08168, 6.000%, 12/1/36				857,669
939,341		Pool # A55565, 6.000%, 12/1/36				964,543
						29,615,606
Federal National Mortgage Association –— 40.7%
437,648		Pool # 254955, 4.000%, 10/1/10				443,415
477,596		Pool # 254486, 5.000%, 9/1/17				484,795
556,558		Pool # 663808, 5.000%, 11/1/17				564,947
726,437		Pool # 684488, 5.000%, 12/1/17				737,387
2,126,562		Series 2004-45, Class VD, 4.500%, 3/25/18				2,116,925
Principal Amount						Value
U.S. Government Mortgage Backed Agencies (Continued) Federal National Mortgage Association (Continued)
$923,552		Pool # 693256, 5.000%, 4/1/18		$		936,786
664,322		Pool # 254720, 4.500%, 5/1/18				664,176
576,272		Pool # 786729, 5.500%, 8/1/19				590,528
604,135		Series 2006-4, Class A, 6.000%, 11/25/22				617,458
725,848		Series 2003-38, Class TC, 5.000%, 3/25/23				748,082
766,996		Pool # 254831, 5.000%, 8/1/23				769,644
1,570,911		Pool # 254908, 5.000%, 9/1/23				1,576,336
1,455,700		Pool # 254911, 5.000%, 10/1/23				1,460,727
627,384		Pool # 255320, 5.000%, 7/1/24				629,212
1,941,234		Pool # 255711, 5.500%, 4/1/25				1,975,256
717,662		Pool # 357771, 5.000%, 5/1/25				719,263
1,838,035		Pool # 256116, 6.000%, 2/1/26				1,890,723
2,000,000		Series 2004-45, Class NC, 5.500%, 11/25/28				2,044,919
792,284		Series 1999-13, Class PH, 6.000%, 4/25/29				818,657
195,382		Pool # 602879, 6.000%, 11/1/31				201,619
1,000,000		Series 2003-53, Class JL, 5.000%, 12/25/31				1,003,721
1,000,000		Series 2003-92, Class KH, 5.000%, 3/25/32				996,758
1,710,041		Pool # 729535, 5.500%, 7/1/33				1,732,115
224,262		Pool # 748422, 6.000%, 8/1/33				230,936
1,694,743		Pool # 786457, 5.286%, 7/1/34				1,713,334
1,459,414		Pool # 783793, 6.000%, 7/1/34				1,500,421
631,864		Pool # 806715, 5.500%, 1/1/35				639,557
441,834		Pool # 814261, 6.000%, 1/1/35				454,249
1,458,574		Pool # 735224, 5.500%, 2/1/35				1,477,403
580,333		Pool # 836450, 6.000%, 10/1/35				595,634
1,263,136		Pool # 845573, 5.614%, 2/1/36				1,291,925
960,549		Pool # 745511, 5.000%, 4/1/36				951,915
1,628,206		Pool # 745418, 5.500%, 4/1/36				1,647,188
809,652		Pool # 888029, 6.000%, 12/1/36				830,472
863,313		Pool # 907484, 6.000%, 1/1/37				885,299
						35,941,782
Government National Mortgage Association –— 7.6%
1,090,899		Pool # 683915, 5.000%, 1/15/23				1,107,569
3,362,556		Pool # 605653, 5.500%, 8/15/34				3,436,531
2,090,271		Pool # 3637, 5.500%, 11/20/34				2,132,011
						6,676,111
Total U.S. Government Mortgage Backed Agencies (Cost $71,857,617)				72,963,377
Principal Amount or Shares						Value
Common Stocks—9.5%
Real Estate Investment Trusts— 9.5%
9,700		Acadia Realty Trust		$		234,255
5,500		Alexandria Real Estate Equities, Inc.				509,960
4,000		AMB Property Corp.				217,680
2,000		American Campus Communities, Inc.				54,720
4,000		Boston Properties, Inc. (a)				368,280
6,000		Brandywine Realty Trust				101,760
3,000		Camden Property Trust				150,600
3,000		Corporate Office Properties Trust				100,830
4,200		Developers Diversified Realty Corp.				175,896
9,000		Digital Reality Trust, Inc. (a)				319,500
10,000		Douglas Emmett, Inc.				220,600
2,000		Duke Realty Corp.				45,620
3,000		DuPont Fabros Technology, Inc. (a)				49,470
5,500		EastGroup Properties, Inc.				255,530
1,000		Equity Lifestyle Properties, Inc.				49,370
6,000		Equity Residential				248,940
3,000		Essex Property Trust, Inc. (a)				341,940
6,000		General Growth Properties, Inc. (a)				229,020
8,000		HCP, Inc. (a)				270,480
3,500		Healthcare Realty Trust, Inc.				91,525
8,000		Home Properties, Inc. (a)				383,920
3,100		Hospitality Properties Trust				105,462
5,000		Host Hotels & Resorts, Inc. (a)				79,600
7,600		Kimco Realty Corp.				297,692
7,000		Mack-Cali Realty Corp.				249,970
15,500		National Retail Properties, Inc. (a)				341,775
6,000		Pennsylvania Real Estate Investment Trust				146,340
3,386		ProLogis				199,300
5,300		Public Storage, Inc.				469,686
7,000		Realty Income Corp. (a)				179,340
1,500		Regency Centers Corp.				97,140
3,000		Simon Property Group, Inc.				278,730
3,903		SL Green Realty Corp. (a)				317,977
2,000		Sunstone Hotel Investors, Inc.				32,020
2,000		Tanger Factory Outlet Centers, Inc.				76,940
1,100		The Macerich Co.				77,297
5,900		UDR, Inc.				144,668
8,000		Ventas, Inc.				359,280
3,800		Vornado Realty Trust				327,598
5,000		Washington Real Estate Investment Trust (a)				167,100
Total Common Stocks (Cost $6,553,638)				8,367,811
U.S. Government Agencies—3.0%
Federal Home Loan Bank – 1.1%
$        1,000,000		4.250%, 3/9/18			1,007,549
Federal Home Loan Mortgage Corporation – 0.6%
500,000		4.500%, 4/2/14			526,146
Principal Amount or Shares					Value
U.S. Government Agencies (Continued)
Federal National Mortgage Association – 1.2%
$        1,000,000		5.000%, 3/2/15	$		1,073,671
Total U.S. Government Agencies (Cost $2,481,166)				2,607,366
Preferred Stocks—0.4%
Real Estate Investment Trusts— 0.4%
4,000		Simon Property Group, Inc., 6.000%				303,520
Total Preferred Stocks (Cost $283,980)				303,520
Collateralized Mortgage Obligation—2.6%
2,342,548		Citicorp Mortgage Securities, Inc., 5.500%, 10/25/35				2,278,232
Total Collateralized Mortgage Obligations (Cost $2,323,843)				2,278,232
Cash Equivalents—1.4%
1,230,463		Huntington Money Market Fund, Interfund Shares, 1.94% (b)(c)				1,230,463
Total Cash Equivalents (Cost $1,230,463)				1,230,463
Short-Term Securities Held As Collateral For Securities Lending—2.8%
		Pool of various securities for the Huntington Funds				2,451,386
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $2,451,386)				2,451,386
Total Investments (Cost $87,182,093) — 102.7%				90,202,155
Liabilities in Excess of Other Assets — (2.7)%				(2,330,172)
Net Assets — 100.0%			$	87,871,983
(a)	All or a part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.

See Notes to Portfolio of Investments.

Huntington Ohio Tax-Free Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Principal Amount					Value
Municipal Bonds—97.9%
Ohio— 97.9%
$50,000		Akron, OH, Hospital Improvements Revenue, (FSA Ins.), 5.250%, 11/15/15		$	53,599
70,000		Akron, OH, Pension Funding Refunding Revenue, (AMBAC Ins.), 5.250%, 12/1/18			73,230
335,000		Akron, OH, Water Utility Improvements Revenue, (MBIA Ins.), 5.250%, 12/1/17			356,142
150,000		Allen County, OH, Refunding, G.O., (AMBAC Ins.), 5.250%, 12/1/15			162,333
375,000		Avon Lake, OH, Water System Revenue, Series A, (AMBAC Ins.), 5.500%, 10/1/15			403,740
105,000		Bowling Green State University, OH, General Receipts Revenue, (AMBAC Ins.), 5.250%, 6/1/19			111,160
200,000		Butler County, OH, (AMBAC Ins.), 5.000%, 12/1/16			218,798
170,000		Butler County, OH, G.O., (AMBAC Ins.), 4.750%, 12/1/20			174,877
300,000		Butler County, OH, Sewer Systems Revenue, (FSA Ins.), 5.000%, 12/1/19			325,974
420,000		Canton, OH, School District, G.O., (MBIA Ins.), 5.350%, 12/1/15			452,642
200,000		Chagrin Falls, OH, Exempt Village School District, G.O., (MBIA Ins.), 5.250%, 12/1/19			212,320
355,000		Cincinnati, OH, Water System Revenue, 5.000%, 12/1/19			370,716
85,000		Cleveland, OH, G.O., (MBIA Ins.), 5.500%, 12/1/13			93,515
500,000		Cleveland, OH, Public Power System Revenue, Series A, (FGIC Ins.), 5.000%, 11/15/16			544,870
80,000		Cleveland, OH, School District Refunding, G.O., (FGIC Ins.), 5.250%, 12/1/14			86,721
1,000,000		Cleveland, OH, School District Refunding, G.O., (FGIC Ins.), 5.000%, 12/1/18			1,042,090
335,000		Cleveland, OH, State University Revenue, (FGIC Ins.), 5.000%, 6/1/17			359,669
100,000		Cleveland, OH, Waterworks Refunding Revenue, Series G, (MBIA Ins.), 5.500%, 1/1/13			106,344
75,000		Columbus, OH, G.O., Series A, 5.000%, 6/15/13			82,131
500,000		Columbus, OH, Refunding, G.O., Series C, 5.000%, 7/15/16			547,150
270,000		Columbus, OH, Regional Airport Authority Revenue, (MBIA Ins.), 5.000%, 1/1/17			291,190
160,000		Columbus, OH, Tax Increment Financing Revenue, Series A, (AMBAC Ins.), 4.750%, 12/1/18			166,666
535,000		Crawford County, OH, Unrefunded, G.O., (AMBAC Ins.), 4.750%, 12/1/19			545,277
Principal Amount					Value
Municipal Bonds (Continued)
Ohio (Continued)
$500,000		Cuyahoga County, OH, Hospital Revenue, Walker Center, Series I, (AMBAC Ins.), 5.250%, 1/1/13		$	507,135
500,000		Cuyahoga County, OH, Port Authority Revenue, (AMBAC Ins.), 5.000%, 8/1/18			530,805
435,000		Delaware County, OH, G.O., (MBIA Ins.), 5.000%, 12/1/18			451,691
500,000		Euclid, OH, G.O., 5.000%, 12/1/12			511,715
360,000		Fairfield, OH, Local School District, G.O., (FSA Ins.), 4.250%, 12/1/18			379,184
190,000		Fairfield, OH, Union Local School District, G.O., Series A, (FSA Ins.), 4.250%, 12/1/19			199,257
160,000		Fairfield, OH, Union Local School District, G.O., Series A, (FSA Ins.), 4.250%, 12/1/20			167,067
150,000		Fairless, OH, Local School District, G.O., (FSA Ins.), 5.000%, 12/1/21			156,901
115,000		Field, OH, Local School District, G.O., (AMBAC Ins.), 5.000%, 12/1/18			122,240
65,000		Field, OH, Local School District, G.O., (AMBAC Ins.), 5.000%, 12/1/19			68,430
155,000		Forest Hills, OH, Local School District Revenue, (FSA Ins.), 4.750%, 12/1/16			164,539
190,000		Franklin County, OH, Municipal Facilities Improvments, G.O., (MBIA Ins.), 4.650%, 12/1/15			199,481
35,000		Gallia County, OH, Local School District, G.O., (FSA Ins.), 4.500%, 12/1/20			35,621
340,000		Greater Cleveland, OH, Regulatory Transportation Authority, G.O., (FGIC Ins.), 5.000%, 12/1/15			371,606
540,000		Greene County, OH, Refunding, G.O., Series A, (AMBAC Ins.), 5.000%, 12/1/19			578,961
450,000		Greene County, OH, Sewer System Revenue, (AMBAC Ins.), 5.000%, 12/1/18			480,334
275,000		Greene County, OH, Water & Sewer Revenue, (FSA Ins.), 5.000%, 12/1/21			287,653
55,000		Hamilton County, OH, Revenue, (AMBAC Ins.), 5.750%, 12/1/12			59,175
200,000		Hamilton County, OH, Sewer System Revenue, Series A, (MBIA Ins.), 5.000%, 12/1/20			212,252
250,000		Hudson City, OH, Recreational Facilities Improvements, G.O., 5.000%, 12/1/14			257,940
50,000		Kent State University, OH, General Receipts Revenue, Series A, (AMBAC Ins.), 5.000%, 5/1/18			50,537
250,000		Kettering, OH, City School District, Refunding, G.O., (FSA Ins.), 5.000%, 12/1/15			274,120
1,000,000		Kettering, OH, G.O., 4.750%, 12/1/22			1,021,560
Principal Amount					Value
Municipal Bonds (Continued)
Ohio (Continued)
$95,000		Keystone, OH, Local School District, G.O., (FSA Ins.), 5.000%, 12/1/19		$	100,243
285,000		Lakewood, OH, City School District, G.O., (FSA Ins.), 5.000%, 12/1/18			303,306
250,000		Lakota, OH, Local School District, G.O., (FGIC Ins.), 5.050%, 12/1/13			255,687
100,000		Licking County, OH, Joint Vocational School District, G.O., (MBIA Ins.), 5.375%, 12/1/14			109,390
560,000		Lucas County, OH, Hospital Refunding Revenue, (AMBAC Ins.), 5.000%, 11/15/11			589,058
435,000		Madison, OH, Local School District Refunding, G.O., (FSA Ins.), 4.000%, 12/1/17			446,854
50,000		Mahoning County, OH, Hospital Facilities Revenue, Series A, (MBIA Ins.), 5.000%, 11/15/17			50,750
500,000		Mahoning County, OH, Sewer Systems, Refunding Revenue, (AMBAC Ins.), 5.200%, 12/1/14			528,310
1,010,000		Marysville, OH, Exempt Village School District, G.O., (MBIA Ins.), 5.250%, 12/1/16			1,087,608
250,000		Miami County, OH, G.O., 4.875%, 12/1/10			256,105
50,000		Middleburg Heights, OH, Public Improvements Refunding, G.O., 4.300%, 12/1/10			51,110
500,000		Middletown, OH, G.O., (FSA Ins.), 5.000%, 12/1/21			530,655
50,000		Montgomery County, OH, Public Improvements, G.O., 5.500%, 12/1/13			52,526
250,000		Montgomery County, OH, Water Refunding Revenue, (AMBAC Ins.), 5.375%, 11/15/16			269,370
50,000		Mount Vernon, OH, City Schools Refunding, G.O., (FSA Ins.), 5.000%, 12/1/17			53,989
35,000		New Albany Plain, OH, Local School District, G.O., (FGIC Ins.), 5.500%, 12/1/18			37,352
25,000		New Albany Plain, OH, Local School District, G.O., (FGIC Ins.), 5.500%, 12/1/18			27,592
235,000		Norwalk, OH, Refunding, G.O., 5.550%, 4/1/09			235,317
100,000		Norwalk, OH, Refunding, G.O., 5.600%, 4/1/10			100,138
1,000,000		Ohio Municipal Electric Generation Agency Refunding Revenue, (AMBAC Ins.), 5.000%, 2/15/17			1,061,450
65,000		Ohio State Building Authority Revenue, Series A, (FSA Ins.), 5.500%, 4/1/15			70,488
1,400,000		Ohio State Building Authority Revenue, Series A, (FSA Ins.), 4.750%, 4/1/21			1,431,206
125,000		Ohio State Building Authority State Facilities Revenue, Series A, (FSA Ins.), 5.500%, 10/1/14			135,554
Principal Amount					Value
Municipal Bonds (Continued)
Ohio (Continued)
$500,000		Ohio State Building Authority State Facilities Revenue, Series A, (FSA Ins.), 4.750%, 4/1/20		$	513,635
60,000		Ohio State Building Authority, Refunding Revenue, Series A, (FGIC Ins.), 5.000%, 4/1/11			63,802
150,000		Ohio State Building Authority, State Facilities Revenue, Series A, 5.000%, 4/1/16			159,379
140,000		Ohio State Community Schools, G.O., Series B, 5.000%, 9/15/18			146,367
100,000		Ohio State Community Schools, G.O., Series B, (FSA Ins.), 5.000%, 9/15/18			104,997
175,000		Ohio State Conservation Projects, G.O., Series A, 5.000%, 3/1/15			188,382
700,000		Ohio State Conservation Projects, G.O., Series A, 5.000%, 3/1/17			740,824
25,000		Ohio State Highway Improvements Revenue, 5.000%, 2/15/17			25,930
150,000		Ohio State Parks & Recreation Revenue, Series II-A, (FSA Ins.), 5.000%, 12/1/17			159,792
250,000		Ohio State Revitalization Revenue Project, Series A, (AMBAC Ins.), 5.000%, 4/1/21			260,872
450,000		Ohio State Turnpike Commission Revenue, 5.500%, 2/15/20			467,964
100,000		Ohio State University Cultural & Sports Capital Facilities Refunding Revenue, Series A, (FSA Ins.), 5.000%, 4/1/17			107,819
30,000		Ohio State Water Development Authority Refunding Revenue, 5.250%, 6/1/11			32,435
685,000		Ohio State, Public Improvements, G.O., Series A, 5.000%, 3/1/18			721,805
100,000		River Valley, OH, Local School District, G.O., (FSA Ins.), 5.250%, 11/1/16			108,996
1,040,000		Shaker Heights, OH, Urban Renewal Refunding, G.O., (AMBAC Ins.), 5.000%, 12/1/17			1,099,727
200,000		Sidney, OH, City School District, G.O., (FGIC Ins.), 5.000%, 12/1/12			215,846
980,000		Southwest Licking County, OH, Local School District, G.O., (AMBAC Ins.), 5.000%, 12/1/19			1,033,479
130,000		Springfield, OH, G.O., (FGIC Ins.), 5.500%, 12/1/17			135,595
325,000		Strongsville, OH, Library Improvements, G.O., (FGIC Ins.), 5.000%, 12/1/15			340,688
235,000		Swanton, OH, Local School District, School Improvement, G.O., (FGIC Ins.), 4.900%, 12/1/15			246,781
500,000		Teays Valley, OH, Local School District, School Facilities Construction & Improvement, G.O., (FGIC Ins.), 5.150%, 12/1/14			536,295
700,000		Toledo, OH, Waterworks Revenue, (MBIA Ins.), 5.000%, 11/15/19			737,086
Principal Amount or Shares					Value
Municipal Bonds (Continued)
Ohio (Continued)
$415,000		Troy, OH, Capital Facilities, G.O., 6.250%, 12/1/11		$	445,764
300,000		Troy, OH, G.O., 4.750%, 12/1/22			306,897
350,000		Trumbull County, OH, Public Improvements Refunding, G.O., (MBIA Ins.), 5.125%, 12/1/13			380,590
655,000		Twinsburg, OH, Recreational Facilities Improvements, G.O., (FGIC Ins.), 5.500%, 12/1/17			697,994
500,000		University of Cincinnati, OH, Certificate Participation, (MBIA Ins.), 5.100%, 6/1/11			536,265
1,000,000		University of Cincinnati, OH, Certificate Participation, (MBIA Ins.), 5.000%, 6/1/15			1,095,570
1,000,000		University of Cincinnati, OH, General Receipts Revenue, Series A, (AMBAC Ins.), 5.000%, 6/1/17			1,066,170
890,000		University of Cincinnati, OH, General Receipts Revenue, Series A, (MBIA Ins.), 5.000%, 6/1/19			945,029
300,000		University of Cincinnati, OH, General Receipts Revenue, Series A, (AMBAC Ins.), 5.000%, 6/1/19			313,938
50,000		Warren County, OH, Waterworks Refunding Revenue, (FSA Ins.), 5.000%, 12/1/15			54,072
650,000		Washington Court House, OH, School Improvements, G.O., (FGIC Ins.), 5.000%, 12/1/19			678,099
Total Municipal Bonds (Cost $36,004,662)				36,322,300
Cash Equivalents—0.9%
325,346		Fidelity Institutional Tax-Exempt Portfolio, 2.190% (a)			325,346
Total Cash Equivalents (Cost $325,345)				325,346
Total Investments (Cost $36,330,007) — 98.8%				36,647,646
Other Assets in Excess of Liabilities — 1.2%				455,604
Net Assets — 100.0%			$	37,103,250
(a)	Rate disclosed is the seven day yield as of March 31, 2008.
AMBAC	American Municipal Bond Assurance Corp.
FGIC	Financial Guaranty Insurance Co.
FSA	Federal Financial Security Assurance
G.O.	General Obligation
Ins.	Insured
MBIA	Municipal Bond Insurance Association

See Notes to Portfolio of Investments.

Huntington Short/Intermediate Fixed Income Securities Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Principal Amount					Value
Corporate Bonds—68.9%
Consumer Discretionary— 9.2%
$1,500,000		Costco Wholesale Corp., 5.300%, 3/15/12		$	1,580,104
1,500,000		CSX Corp., 6.750%, 3/15/11			1,583,625
1,000,000		Fortune Brands, Inc., 5.125%, 1/15/11			1,001,157
1,000,000		McDonald's Corp., 4.300%, 3/1/13			1,011,813
1,000,000		Nordstrom, Inc., 5.625%, 1/15/09			1,010,647
1,500,000		Union Pacific Corp., 3.875%, 2/15/09			1,506,381
					7,693,727
Consumer Staples— 1.2%
1,000,000		Kellogg Co., 5.125%, 12/3/12			1,034,061
Energy— 4.9%
2,000,000		Anadarko Petroleum Corp., 3.250%, 5/1/08			1,999,528
1,000,000		BJ Services Co., 5.750%, 6/1/11			1,044,355
1,000,000		Nabors Industries Ltd., 5.375%, 8/15/12			1,027,500
					4,071,383
Financials— 27.7%
1,000,000		American Express Co., 5.250%, 9/12/11			1,004,432
1,500,000		Bank of America Corp., 5.375%, 8/15/11			1,564,591
2,000,000		Caterpillar Financial Services Corp., 5.125%, 10/12/11			2,064,474
1,500,000		CIT Group, Inc., 5.800%, 7/28/11			1,197,053
1,500,000		Citigroup, Inc., 5.125%, 2/14/11			1,509,128
1,500,000		Countrywide Home Loans, Inc., 3.250%, 5/21/08 (a)			1,471,050
1,500,000		General Electric Capital Corp., 5.250%, 10/19/12			1,558,681
1,500,000		Goldman Sachs Group, Inc., 5.700%, 9/1/12			1,539,865
2,000,000		HSBC Finance Corp., 4.800%, 6/15/10			1,981,770
1,500,000		International Lease Finance Corp., 5.450%, 3/24/11			1,498,589
1,000,000		Key Bank N.A. 5.500%, 9/17/12			1,009,851
886,364		Marshall & Ilsley Corp, 2.900%, 8/18/09			876,313
2,000,000		MetLife Global Funding I, 5.125%, 11/9/11			2,076,512
1,500,000		Principal Life, Inc., 5.150%, 9/30/11			1,558,216
1,000,000		Shell International Finance Corp., 4.950%, 3/22/12			1,059,073
1,500,000		Washington Mutual, Inc., 5.500%, 8/24/11			1,290,000
					23,259,598
Health Care— 2.4%
2,000,000		Quest Diagnostics, Inc., 5.125%, 11/1/10			2,051,866
Materials— 3.6%
2,000,000		Monsanto Co., 4.000%, 5/15/08			2,002,206
1,000,000		Nucor Corp., 5.000%, 12/1/12			1,030,504
					3,032,710
Real Estate Investment Trusts— 4.0%
2,000,000		Camden Property Trust, 4.375%, 1/15/10			1,952,496
Principal Amount					Value
Corporate Bonds (Continued)
Real Estate Investment Trusts (Continued)
$1,500,000		Duke Realty Corp., 5.625%, 8/15/11		$	1,443,419
					3,395,915
Technology— 5.6%
1,000,000		Cisco Systems, Inc., 5.250%, 2/22/11			1,043,883
1,500,000		Hewlett-Packard Co., 5.250%, 3/1/12			1,567,517
2,000,000		Oracle Corp., 5.000%, 1/15/11			2,051,704
					4,663,104
Telecommunications— 4.8%
2,000,000		AT&T, 4.950%, 1/15/13			2,006,778
1,000,000		Comcast Corp., 5.500%, 3/15/11			1,007,587
1,000,000		GTE North, Inc., 5.650%, 11/15/08			1,010,965
					4,025,330
Utilities— 5.5%
1,000,000		Alabama Power Co., 3.125%, 5/1/08			999,276
1,500,000		Dominion Resources, Inc., 4.750%, 12/15/10			1,535,154
1,000,000		Exelon Generation Co. LLC, 6.950%, 6/15/11			1,060,910
1,000,000		Georgia Power Co., 4.000%, 1/15/11			1,015,605
					4,610,945
Total Corporate Bonds (Cost $57,769,114)				57,838,639
U.S. Government Agencies—24.7%
Federal Farm Credit Bank –— 4.8%
2,000,000		3.400%, 2/7/13			2,010,118
2,000,000		4.150%, 2/13/13			2,004,370
					4,014,488
Federal Home Loan Mortgage Corporation –— 16.3%
2,000,000		3.650%, 5/7/08			2,002,404
2,000,000		4.750%, 1/18/11			2,112,082
4,000,000		5.750%, 5/23/11(a)			4,014,376
2,000,000		5.450%, 9/2/11			2,026,664
1,500,000		5.250%, 10/6/11			1,519,692
2,000,000		5.300%, 1/9/12			2,043,482
					13,718,700
Federal National Mortgage Association –— 3.6%
1,000,000		3.850%, 4/14/09			1,016,090
2,000,000		5.750%, 6/9/11			2,011,318
					3,027,408
Total U.S. Government Agencies (Cost $20,485,580)				20,760,596
Shares					Value
Cash Equivalents—5.5%
4,666,165		Huntington Money Market Fund, Interfund Shares, 1.94%  (c)(d)		$	4,666,165
Total Cash Equivalents (Cost $4,666,165)				4,666,165
Short-Term Securities Held As Collateral For Securities Lending—6.8%
		Pool of various securities for the Huntington Funds			5,688,990
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $5,688,990)				5,688,990
Total Investments (Cost $88,609,849) — 105.9%				88,954,390
Liabilities in Excess of Other Assets — (5.9)%				(4,975,631)
Net Assets — 100.0%			$	83,978,759
(a)	All or part of the security was on loan as of March 31, 2008.
(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)	Investment in affiliate.
(d)	Rate disclosed is the seven day yield as of March 31, 2008.
LLC	Limited Liability Co.

See Notes to Portfolio of Investments.

 NOTES TO PORTFOLIOS OF INVESTMENTS (UNAUDITED)

The cost basis of investment for federal income tax purposes at March 31, 2008 was as follows:

				Net Unrealized
	Tax Cost	Unrealized	Unrealized	Appreciation/
Fund	of Securities*	Appreciation	Depreciation	(Depreciation)
Money Market Fund	$         1,269,558,784	$          -	$          -	$          -
Ohio Municipal Money Market Fund	282,813,957	-	-	-
Tax-Free Money Market Fund	79,627,846	-	-	-
U.S. Treasury Money Market Fund	791,481,908	-	-	-
Dividend Capture Fund	152,190,832	3,691,738	(14,872,711)	(11,180,973)
Growth Fund	208,263,661	50,712,175	(5,828,836)	44,883,339
Income Equity Fund	164,742,443	21,389,704	(13,568,958)	7,820,746
International Equity Fund	249,166,609	78,697,503	(5,184,911)	73,512,592
Macro 100 Fund	29,489,824	697,963	(1,635,302)	(937,339)
Mid Corp America Fund	126,013,069	54,875,543	(5,745,546)	49,129,997
New Economy Fund	125,218,620	10,464,183	(11,497,008)	(1,032,825)
Real Strategies Fund	60,371,688	3,863,069	(2,979,123)	883,946
Rotating Markets Fund	67,281,472	1,639,072	(1,420,725)	218,347
Situs Fund	139,545,594	27,814,081	(15,299,131)	12,514,950
Fixed Income Fund	191,091,849	8,104,485	(998,332)	7,106,153
Intermediate Government Income Fund	122,997,521	3,628,760	(47,771)	3,580,989
Michigan Tax-Free Fund	12,176,678	150,571	(99,851)	50,720
Mortgage Securities Fund	87,201,182	3,317,645	(316,672)	3,000,973
Ohio Tax-Free Fund	36,330,007	500,461	(182,822)	317,639
Short/Intermediate Fixed Income Fund	88,609,849	1,102,692	(758,151)	344,541

* The difference between the book-basis and tax-basis cost of securities is attributable primarily to tax deferral of losses on wash sales.

The Huntington Funds (the "Trust") was originally two separate Massachusetts business trusts: The Huntington Funds, established on February 10, 1987, and Huntington VA Funds, established on June 30, 1999 (together, the "Original Trusts"). The Original Trusts were reorganized into a single Delaware statutory trust retaining the name of The Huntington Funds 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. At March 31, 2008, the Trust operated 31 separate series, or mutual funds, each with its own investment objective and strategy.

The above report contains the Portfolios of Investments of the funds listed below (individually referred to as a “Fund,” or collectively as the “Funds”):

Funds	Investment Share Classes Offered*
Huntington Money Market Fund (“Money Market Fund”)	Trust, A, B & Interfund
Huntington Ohio Municipal Money Market Fund (“Ohio Municipal Money Market Fund”)	Trust & A
Huntington Tax-Free Money Market Fund (“Tax-Free Money Market Fund”)	Trust & A
Huntington U.S. Treasury Money Market Fund (“U.S. Treasury Money Market Fund”)	Trust & A
Huntington Dividend Capture Fund (“Dividend Capture Fund”)	Trust, A & B
Huntington Growth Fund (“Growth Fund”)	Trust, A & B
Huntington Income Equity Fund (“Income Equity Fund”)	Trust, A & B
Huntington International Equity Fund (“International Equity Fund”)	Trust, A & B
Huntington Macro 100 Fund (“Macro 100 Fund”)	Trust, A & B
Huntington Mid Corp America Fund (“Mid Corp America Fund”)	Trust, A & B
Huntington New Economy Fund (“New Economy Fund”)	Trust, A & B
Huntington Real Strategies Fund (“Real Strategies Fund”)	Trust, A & B
Huntington Rotating Markets Fund (“Rotating Markets Fund”)	Trust, A & B
Huntington Situs Fund (“Situs Fund”), formerly the Situs Small Cap Fund**	Trust, A & B
Huntington Fixed Income Securities Fund (“Fixed Income Fund”)	Trust, A & B
Huntington Intermediate Government Income Fund (“Intermediate Government Income Fund”)	Trust, A & B
Huntington Michigan Tax-Free Fund (“Michigan Tax-Free Fund”)	Trust, A & B
Huntington Mortgage Securities Fund (“Mortgage Securities Fund”)	Trust, A & B
Huntington Ohio Tax-Free Fund (“Ohio Tax-Free Fund”)	Trust, A & B
Huntington Short/Intermediate Fixed Income Securities Fund (“Short/Intermediate Fixed Income Fund”)	Trust & A

  * Each class of shares has exclusive voting rights with respect to matters that affect just that class.

** On January 24, 2008, the Huntington Situs Small Cap Fund changed its name to the Huntington Situs Fund. The Situs Fund changed its name in connection with its changes in investment strategy to focus on Situs or geographical location, regardless of the market capitalization.

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”).

A.Investment Valuations

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.

The Trust calculates NAV for each of the Funds (other than the Money Market Funds) by valuing securities held based on market value. The Trust attempts to stabilize the NAV per share for each of the Money Market Funds at $1.00 per share by valuing its 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.

In computing the NAV, current market value is used to value portfolio securities with respect to which market quotations are readily available. Pursuant to policies approved by the Board of Trustees (“Trustees”), 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) traded on a securities exchange at the last reported sales price on the principal exchange. 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. Foreign securities are subject to modification based on significant events, as described below. 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. Except as noted above, 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. If there is no reported sale on the principal exchange, and for all other debt securities, including zero-coupon 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 New York Stock Exchange (NYSE) (generally 4:00 p.m. Eastern Time), on the day the value of the foreign security is determined. Option contracts are generally valued at the mean of the bid and asked price as reported on the highest volume exchange (in terms of the number of options contracts traded for that issue) on which such options are traded. 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.

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.

Securities for which market quotations are not readily available are valued at their “fair value.” 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 of the situation at issue, transactions implicitly valuing the security at issue (such as a merger, tender offer, etc.), the value of other securities or contracts which derive their value from the security at issue, and the implications (whether negative or positive) of the circumstances which have caused trading in the security to halt. The final good faith fair valuation of a security is based on an analysis of those factors deemed relevant to the security valuation at issue. With respect to certain narrow categories of securities, the Pricing Committee’s procedures detail specific valuation methodologies to be used in lieu of considering the aforementioned list of factors.

The Funds may use the fair value of a security to calculate their NAV when a market price is not readily available, such as when: (1) a portfolio security is not traded in a public market or the principal market in which the security trades is closed, (2) trading in a portfolio security is suspended and not resumed prior to the normal market close, (3) a portfolio security is not traded in significant volume for a substantial period, or (4) the Funds’ investment adviser, Huntington Asset Advisors, Inc. (“Advisor”), determines that the quotation or price for a portfolio security provided by a dealer or independent pricing service is inaccurate.

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 general securities market movements occurring between the time when 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 such cases, use of fair valuation can reduce an investor’s ability to seek to profit by estimating a Fund’s NAV in advance of the time when the NAV is calculated.

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.

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 significant. Since International Equity Fund invests primarily in foreign securities, it is most likely to be affected by this fair valuation methodology. Since the Real Strategies Fund, Rotating Markets Fund and Situs Fund invest some of their assets in foreign securities, they may be affected, although to a lesser extent.

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 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. Fair valuations generally remain unchanged until new information becomes available. Consequently, changes in 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. Fair valuation determinations often involve the consideration of a number of subjective factors, and the fair value price may be higher or lower than a readily available market quotation.

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 the Funds' Advisor 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.

D.   Foreign Exchange Contracts

International Equity Fund, Real Strategies Fund and Situs Fund may enter into foreign currency commitments for the delayed delivery of securities or foreign currency exchange transactions. The Funds may also enter into foreign currency contract transactions to protect assets against adverse changes in foreign currency exchange rates or exchange control regulations. Purchase contracts are used to acquire exposure to foreign currencies, while contracts to sell are used to hedge the securities against currency fluctuations. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their commitments and from unanticipated movements in security prices or foreign exchange rates. The foreign currency translations are adjusted by the daily exchange rate of the underlying currency and any gains or losses are recorded for financial statement purposes as unrealized until the settlement date.  At March 31, 2008, the Funds did not have any foreign currency commitments outstanding.

E.   Foreign Currency Translation

Investment valuations, other assets and liabilities initially expressed in foreign currencies are converted each business day into U.S. dollars based upon current exchange rates. Purchases and sales of foreign investments and income expenses are converted into U.S. dollars based upon exchange rates prevailing on the respective dates of such transactions. International Equity Fund, Real Strategies Fund and Situs Fund do not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held.  Such fluctuations are included with the net realized and unrealized gain or loss from investments.

F.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.

The following is a summary of the Dividend Capture Fund’s written option activity for the period ended March 31, 2008:

Contracts		Number of Contracts	Premium
Outstanding at 12/31/2007	-		$                  -
Options written	350		58,950
Options expired	-		-
Options closed	(150)		(23,550)
Options exercised	(100)		(15,200)
Outstanding at 3/31/2008	100		$          20,200

At March 31, 2008, the Dividend Capture Fund had the following outstanding options:

WRITTEN OPTION CONTRACTS
Contract	Type	Expiration Date	Exercise Price	Number of Contracts	Fair Value	Unrealized Appreciation
Snap-on, Inc.	Call	June 2008	$                 55	100	$            16,000	$   4,200
NET UNREALIZED APPRECIATION ON WRITTEN OPTION CONTRACTS						$   4,200

The following is a summary of the Growth Fund’s written option activity for the period ended March 31, 2008:

Contracts		Number of Contracts	Premium
Outstanding at 12/31/2007	-		$                  -
Options written	1,055		202,074
Options expired	(1,055)		(202,074)
Options closed	-		-
Options exercised	-		-
Outstanding at 3/31/2008	-		$                  -

At March 31, 2008, the Growth Fund had no outstanding options

The following is a summary of the Income Equity Fund’s written option activity for the period ended March 31, 2008:

Contracts		Number of Contracts	Premium
Outstanding at 12/31/2007	1,746		$        360,940
Options written	-		-
Options expired	(483)		(90,320)
Options closed	-		-
Options exercised	-		-
Outstanding at 3/31/2008	1,263		$        270,620

At March 31, 2008, Income Equity Fund had the following outstanding options:

WRITTEN OPTION CONTRACTS
Contract	Type	Expiration Date	Exercise Price	Number of Contracts	Fair Value	Unrealized Appreciation
Merck & Co., Inc.	Call	April 2008	$60	407	$             1,017	$               56,776
Molson Coors Brewing Co.	Call	April 2008	60	856	6,420	206,407
NET UNREALIZED APPRECIATION ON WRITTEN OPTION CONTRACTS						$             263,183

The following is a summary of the New Economy Fund’s written option activity for the period ended March 31, 2008:

Contracts		Number of Contracts	Premium
Outstanding at 12/31/2007	-		$                  -
Options written	200		252,897
Options expired	-		-
Options closed	(150)		(143,048)
Options exercised	-		-
Outstanding at 3/31/2008	50		$        109,849

At March 31, 2008, the New Economy Fund had the following outstanding options:

WRITTEN OPTION CONTRACTS
Contract	Type	Expiration Date	Exercise Price	Number of Contracts	Fair Value	Unrealized Depreciation
First Solar, Inc.	Call	April 2008	$               200	50	$          177,500	$               (67,651)
NET UNREALIZED DEPRECIATION ON WRITTEN OPTION CONTRACTS						$               (67,651)

The following is a summary of the Real Strategies Fund’s written option activity for the period ended March 31, 2008:

Contracts		Number of Contracts	Premium
Outstanding at 12/31/2007	235		$          40,884
Options written		4,192	1,189,310
Options expired		(1,598)	(288,701)
Options closed		(1,510)	(481,086)
Options exercised		(967)	(385,904)
Outstanding at 3/31/2008	352		$          74,503

At March 31, 2008, the Real Strategies Fund had the following outstanding options:

WRITTEN OPTION CONTRACTS
Contract	Type	Expiration Date	Exercise Price			Number of Contracts		Fair Value		Unrealized Appreciation
AGCO Corp.	Call	April 2008		$	75		132	$	1,320	$	25,343
Deere & Co.	Call	April 2008			100		90		675		10,755
Potash Corp. of Saskatchewan, Inc.	Call	April 2008			190		30		1,050		8,160
Sunpower Corp.	Call	April 2008			90		50		4,250		4,600
Transocean, Inc.	Call	April 2008			150		50		2,750		15,600
NET UNREALIZED APPRECIATION ON WRITTEN OPTION CONTRACTS										$	64,458

The following is a summary of the Situs Fund’s written option activity for the period ended March 31, 2008:

Contracts	Number of Contracts	Premium
Outstanding at 12/31/2007	-	$                  -
Options written	700	194,378
Options expired	(326)	(60,931)
Options closed	(100)	(19,700)
Options exercised	(74)	(11,618)
Outstanding at 3/31/2008	200	$        102,129

At March 31, 2008, the Situs Fund had the following outstanding options.

WRITTEN OPTION CONTRACTS
Contract	Type	Expiration Date	Exercise Price	Number of Contracts	Fair Value	Unrealized Appreciation
Kinetic Concepts, Inc.	Put	April 2008	$50	100	$            41,500	$               (14,070)
Polo Ralph Lauren Corp.	Call	July 2008	65	100	33,500	41,199
NET UNREALIZED APPRECIATION ON WRITTEN OPTION CONTRACTS						$                27,129

G.       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. In determining whether to lend to a particular broker, dealer or financial institution, the Advisor 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. Although the loan is fully collateralized, if a borrower defaults, a fund could lose money.  Information on the investment of cash collateral is shown in the table that follows. The Funds receive payments from borrowers equivalent to the dividends and interest that would have been earned on securities on loan. In addition, the Funds retain all or a portion of the interest received on investment of collateral or receive a fee from the borrower. 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. 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. PFPC Trust Co. (“PFPC”) serves as the sub-custodian for the securities lending program. PFPC retains a portion of the earnings from the investment and reinvestment of cash collateral and a portion of any loan fees paid by borrowers with respect to securities loans.

As of March 31, 2008, the following Funds had securities with the following market values on loan:

Fund	Market Value of Loaned Securities	Market Value of Collateral
Dividend Capture Fund	$        25,486,162	$            26,640,536
Growth Fund	26,668,789	27,254,771
Income Equity Fund	18,359,098	19,116,874
Mid Corp America Fund	27,495,052	28,133,136
New Economy Fund	22,790,936	23,546,741
Real Strategies Fund	4,851,393	5,063,360
Rotating Markets Fund	15,795,760	16,521,888
Situs Fund	25,423,086	26,190,138
Fixed Income Securities Fund	10,168,437	10,412,478
Intermediate Government Income Fund	10,606,552	10,759,338
Mortgage Securities Fund	2,385,439	2,451,386
Short/Intermediate Fixed Income Fund	5,603,505	5,688,990

As of March 31, 2008, cash collateral invested was as follows:

				Interest
	Master	Money	Time	Bearing
Fund	Note	Market Fund	Deposits	Cash	Total
Dividend Capture Fund	$1,085,928	$21,478,137	$2,362,288	$1,714,183	$   26,640,536
Growth Fund	3,984,697	19,617,751	1,945,763	1,706,560	27,254,771
Income Equity Fund	3,992,079	13,339,969	834,941	949,885	19,116,874
Mid Corp America Fund	-	24,659,911	2,065,161	1,408,064	28,133,136
New Economy Fund	476,511	19,709,003	1,971,555	1,389,672	23,546,741
Real Strategies Fund	688,317	3,347,997	571,656	455,390	5,063,360
Rotating Markets Fund	-	12,835,895	2,191,671	1,494,322	16,521,888
Situs Fund	-	20,347,182	3,474,190	2,368,766	26,190,138
Fixed Income Securities Fund	-	8,089,479	1,381,243	941,756	10,412,478
Intermediate Government Income Fund	-	8,358,955	1,427,254	973,128	10,759,337
Mortgage Securities Fund	-	1,981,431	279,433	190,522	2,451,386
Short/Intermediate Fixed Income Fund	-	4,419,790	754,660	514,540	5,688,990

H. 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 as determined by the Trust’s Pricing Committee.

I.  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.

J. Other Information

Effective January 1, 2008, the Funds adopted Statement of Financial Accounting Standards (“SFAS”) No. 157, “Fair Value Measurements.”  This standard establishes a single authoritative definition of fair value, sets out a framework for measuring fair value, and requires additional disclosures about fair value measurements.

One key component of the implementation of SFAS 157 included the development of a three-tier fair value hierarchy.  The basis of the tiers is dependant upon the various “inputs” used to determine the value of the Funds’ investments.  These inputs 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, prepayments speeds, credit risk, etc.)

·   Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments.)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Funds’ investments as of March 31, 2008:

			LEVEL 2 - Other Significant		LEVEL 3 - Significant
	LEVEL 1 - Quoted Prices		Observable Inputs		Unobservable Inputs		Total
	Investments	Other Financial	Investments	Other Financial	Investments	Other Financial	Investments	Other Financial
Fund Name	in Securities	Investments*	in Securities	Investments*	in Securities	Investments*	in Securities	Investments*
Money Market Fund	$      5,000,000	$                    -	$ 1,264,558,784	$                        -	$                  -	$                        -	$  ,269,558,784	$                       -
Ohio Municipal Money Market Fund	$      6,682,073	$                    -	$    276,131,884	$                        -	$                  -	$                        -	$  282,813,957	$                        -
Tax-Free Money Market Fund	$      5,113,823	$                    -	$      74,514,023	$                        -	$                  -	$                        -	$    79,627,846	$                        -
U.S Treasury Money Market Fund	$                     -	$                    -	$    791,481,908	$                        -	$                  -	$                        -	$  791,481,908	$                        -
Dividend Capture Fund	$  114,365,123	$             4,200	$      26,640,536	$                        -	$                  -	$                        -	$  141,005,659	$                4,200
Growth Fund	$  225,892,229	$                    -	$      27,254,771	$                        -	$                  -	$                        -	$  253,147,000	$                        -
Income Equity Fund	$  153,183,132	$         263,183	$      19,116,874	$                        -	$                  -	$                        -	$  172,300,006	$            263,183
International Equity Fund	$    65,655,473	$                     -	$    257,023,728	$                        -	$                  -	$                        -	$  322,679,201	$                       -
Macro 100 Fund	$    28,552,485	$                     -	$                       -	$                        -	$                  -	$                        -	$    28,552,485	$                        -
Mid Corp America Fund	$  147,009,930	$                     -	$      28,133,136	$                        -	$                  -	$                        -	$  175,143,066	$                        -
New Economy Fund	$    99,415,701	$         (67,651)	$      24,837,745	$                        -	$                  -	$                        -	$  124,253,446	$            (67,651)
Real Strategies Fund	$    49,643,406	$           64,458	$     11,547,770	$                        -	$                  -	$                        -	$    61,191,176	$              64,458
Rotating Markets Fund	$    50,977,931	$                    -	$      16,521,888	$                        -	$                  -	$                        -	$    67,499,819	$                        -
Situs Fund	$  111,371,889	$           27,129	$      40,661,526	$                        -	$                  -	$                        -	$  152,033,415	$              27,129
Fixed Income Fund	$      9,483,206	$                     -	$    188,714,796	$                        -	$                  -	$                        -	$  198,198,002	$                       -
Intermediate Government Income Fund	$      3,647,773	$                     -	$    122,930,737	$                        -	$                  -	$                        -	$  126,578,510	$                        -
Michigan Tax-Free Fund	$        247,224	$                     -	$      11,980,174	$                        -	$                  -	$                        -	$    12,227,398	$                        -
Mortgage Securities Fund	$      9,901,795	$                     -	$      80,300,360	$                        -	$                  -	$                        -	$   90,202,155	$                        -
Ohio Tax-Free Fund	$         325,346	$                     -	$      36,322,300	$                        -	$                  -	$                        -	$    36,647,646	$                        -
Short/Intermediate Fixed Income Fund	$      4,666,165	$                     -	$      84,288,225	$                        -	$                  -	$                        -	$    88,954,390	$                        -

* Other financial instruments are derivative instruments not reflected in the Portfolios of investments, such as options, which are valued at the unrealized appreciation/(depreciation) on the investment.

K. General

Pursuant to an exemptive order issued by the Securities and Exchange Commission, the Funds may invest in certain affiliated money markets funds which are managed by the Advisor.  A summary of each Fund’s investment in such affiliated money market funds (Huntington Money Market Fund) is set forth below:

		Share Activity
Fund	12/31/07 Balance	Purchases	Sales	3/31/08 Balance	Income
Dividend Capture Fund	$               538,124	$         6,977,693	$           (5,919,976)	$             1,595,841	$           6,525
Growth Fund	6,006,198	14,845,089	(4,483,048)	16,368,239	84,821
Income Equity Fund	1,598,478	3,146,389	(4,110,639)	634,228	10,972
Macro 100 Fund	804,498	3,569,844	(3,841,781)	532,561	3,558
Mid Corp America Fund	6,424,192	9,561,513	(12,458,999)	3,526,706	41,211
New Economy Fund	10,479,574	14,140,592	(17,337,255)	7,282,911	55,735
Real Strategies Fund	5,958,210	16,737,276	(14,127,500)	8,567,986	55,780
Rotating Markets Fund	1,891,032	8,583,411	(8,148,826)	2,325,617	19,583
Situs Fund	1,760,260	13,677,882	(10,874,276)	4,563,866	35,283
Fixed Income Fund	9,134,936	22,582,714	(25,985,151)	5,732,499	61,839
Intermediate Government Income Fund	2,262,283	12,802,387	(11,416,897)	3,647,773	18,435
Mortgage Securities Fund	1,460,058	4,709,832	(4,939,427)	1,230,463	11,648
Short/Intermediate Fixed Income Fund	1,704,855	10,650,180	(7,688,869)	4,666,166	16,158

 THE FOLLOWING REPORT RELATES TO THE HUNTINGTON FUNDS’ VARIABLE ANNUITY PORTFOLIOS.

Huntington VA Dividend Capture Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—58.6%
Consumer Discretionary— 3.5%
11,500		CBS Corp., Class B		$	253,920
8,500		Newell Rubbermaid, Inc.			194,395
7,500		Sherwin-Williams Co.			382,800
5,500		Snap-on, Inc.			279,675
4,000		The Stanley Works			190,480
13,000		The Walt Disney Co.(a)			407,940
					1,709,210
Consumer Staples— 4.9%
17,000		ConAgra Foods, Inc.			407,150
5,500		Molson Coors Brewing Co., Class B			289,135
6,000		Reynolds American, Inc.			354,180
22,000		SUPERVALU, Inc.			659,560
13,000		The J.M. Smucker Co.			657,930
					2,367,955
Energy— 2.0%
3,000		Chevron Texaco Corp.			256,080
6,500		ConocoPhillips			495,365
3,000		ENI SPA			204,330
					955,775
Financials— 11.8%
28,500		American Capital Strategies Ltd.(a)			973,560
10,500		Bank of America Corp.(a)			398,055
12,750		Chubb Corp.			630,870
5,500		Citigroup, Inc.			117,810
10,000		Hartford Financial Services Group, Inc.			757,700
5,500		JPMorgan Chase & Co.			236,225
17,000		KeyCorp			373,150
7,500		Lincoln National Corp.			390,000
6,000		Morgan Stanley			274,200
3,000		Prudential Financial, Inc.			234,750
9,500		The Travelers Cos., Inc.			454,575
8,500		Wachovia Corp.(a)			229,500
4,000		Washington Mutual, Inc.(a)			41,200
22,500		Wells Fargo & Co.(a)			654,750
					5,766,345
Health Care— 5.2%
8,000		Eli Lilly & Co.			412,720
7,000		Johnson & Johnson			454,090
14,500		Merck & Co., Inc.			550,275
37,000		Pfizer, Inc.			774,410
8,500		Wyeth			354,960
					2,546,455
Industrials— 8.5%
20,500		Cooper Industries Ltd., Class A			823,075
7,500		CSX Corp.			420,525
4,250		Eastman Chemical Co.			265,413
7,500		Eaton Corp.			597,525
6,000		Lockheed Martin Corp.(a)			595,800
4,000		Northrop Grumman Corp.			311,240
21,000		R.R. Donnelley & Sons Co.			636,510
8,000		Raytheon Co.			516,880
					4,166,968
Materials— 1.4%
2,500		Air Products & Chemical, Inc.(a)			230,000
21,000		RPM International, Inc.			439,740
					669,740
Real Estate Investment Trusts— 13.6%
9,443		Apartment Investment & Management Co.			338,154
Shares			Value
Common Stocks (Continued)
Real Estate Investment Trusts (Continued)
13,500		Brandywine Realty Trust		$	228,960
10,000		CBL & Associates Properties, Inc.			235,300
7,000		Entertainment Properties Trust			345,310
10,500		Equity Residential			435,645
11,000		First Industrial Realty Trust, Inc.(a)			339,790
10,000		HCP, Inc.(a)			338,100
8,000		Highwoods Properties, Inc.			248,560
11,000		Hospitality Properties Trust			374,220
21,000		Host Hotels & Resorts, Inc.(a)			334,320
13,000		Lexington Realty Trust			187,330
14,000		Liberty Property Trust			435,540
4,000		Mack-Cali Realty Corp.			142,840
3,000		Mid-America Apartment Communities, Inc.			149,520
20,000		National Retail Properties, Inc.(a)			441,000
8,782		One Liberty Properties, Inc.			141,302
10,000		ProLogis			588,600
8,000		Realty Income Corp.(a)			204,960
6,500		Simon Property Group, Inc.			603,915
15,000		Weingarten Realty Investors			516,600
					6,629,966
Technology— 2.7%
9,500		Accenture Ltd., Class A			334,115
9,000		Hewlett-Packard Co.			410,940
5,000		International Business Machines Corp.			575,700
					1,320,755
Telecommunications— 2.5%
15,500		AT&T, Inc.(a)			593,650
7,500		Embarq Corp.			300,750
8,500		Verizon Communications, Inc.(a)			309,825
					1,204,225
Utilities— 2.5%
14,000		Consolidated Edison, Inc.			555,800
19,500		Duke Energy Corp.(a)			348,075
15,500		Xcel Energy, Inc.			309,225
					1,213,100
Total Common Stocks (Cost $30,911,467)				28,550,494
Preferred Stocks—37.9%
Consumer Discretionary— 1.8%
35,000		Comcast Corp., 7.000%			859,950
Financials— 29.6%
45,000		ABN Amro Capital Funding Trust V, 5.900%			893,700
15,000		ACE Ltd., Series C, 7.800%			371,100
22,000		American International Group, Series A-4, 6.450%			507,320
14,000		ASBC Capital I, 7.625%			348,600
21,000		BAC Capital Trust XII, 6.875%			496,860
12,000		Barclays Bank PLC, Series 2, 6.625%			284,760
28,000		Citigroup Capital Trust VIII, 6.950%			611,800
4,000		Fleet Capital Trust VIII, 7.200%			96,000
22,492		Goldman Sachs Group, Inc., Series B, 6.200%(a)			536,884
28,000		HSBC Holdings PLC, Series A, 6.200%			608,720
45,000		ING Groep NV, 6.125%			949,050
Shares			Value
Preferred Stocks (Continued)
Financials (Continued)
25,000		JPMorgan Chase & Co., Series X, 7.000%(a)		$	617,500
33,000		KeyCorp Capital VIII, 7.000%(a)			687,720
23,000		Lehman Brothers Holdings, Inc., 6.500%			422,740
25,000		Merrill Lynch & Co. Capital Trust V, 7.280%(a)			535,000
18,000		MetLife, Inc., Series B, 6.500%			412,920
38,000		Morgan Stanley Capital Trust, 6.600%			813,200
31,000		National City Capital Trust II, 6.625%			523,900
13,613		PLC Capital Trust IV, 7.250%			321,675
27,675		Prudential PLC, 6.500%			647,872
34,188		RenaissanceRe Holdings Ltd., Series B, 7.300%			745,640
10,000		RenaissanceRe Holdings Ltd., Series C, 6.080%			189,500
35,000		Royal Bank of Scotland Group PLC, Series N, 6.350%			772,800
22,000		SLM Corp., 6.000%			369,600
35,000		The Bank of New York, Inc. Capital V, 7.800%			750,750
10,000		Wells Fargo Capital Trust II, 7.000%			240,700
30,000		Wells Fargo Capital Trust VIII, 5.850%			653,700
					14,410,011
Real Estate Investment Trusts— 2.5%
7,000		ProLogis Trust, Series F, 6.750%			162,890
52,000		Public Storage, Series F, 6.450%			1,058,200
					1,221,090
Telecommunications— 1.0%
20,000		AT&T, Inc., 6.375%			499,600
Utilities— 3.0%
37,000		BGE Capital Trust II, 6.200%			839,530
25,000		FPL Group Capital, Inc., Series A, 6.600%(a)			627,750
					1,467,280
Total Preferred Stocks (Cost $20,719,611)				18,457,931
Mutual Funds—2.3%
Exchange Traded Funds— 2.3%
21,000		AMEX Technology SPDR			473,550
5,000		S&P Depositary Receipt(a)			658,500
Total Mutual Funds (Cost $931,242)				1,132,050
Cash Equivalents—0.8%
382,810		Huntington Money Market Fund, Interfund Shares, 1.94% (b)(c)			382,810
Total Cash Equivalents (Cost $382,810)				382,810
Short-Term Securities Held As Collateral For Securities Lending—17.9%
		Pool of various securities for the Huntington Funds			8,752,216
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $8,752,216)				8,752,216
Total Investments (Cost $61,697,346) — 117.5%				57,275,501
Liabilities in Excess of Other Assets — (17.5)%				(8,527,274)
Net Assets — 100.0%			$	48,748,227
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

Huntington VA Growth Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—95.4%
Consumer Discretionary— 5.3%
7,940		McDonald's Corp.(a)		$	442,814
6,800		Nike, Inc., Class B			462,400
6,000		The TJX Co., Inc.			198,420
					1,103,634
Consumer Staples— 12.7%
4,250		British American Tobacco PLC ADR			321,938
2,200		Bunge Ltd.			191,136
8,855		Colgate-Palmolive Co.			689,893
2,340		CVS Corp.(a)			94,793
6,100		Molson Coors Brewing Co., Class B			320,677
5,300		PepsiCo, Inc.			382,660
6,055		Procter & Gamble Co.			424,274
2,180		Wimm-Bill-Dann Foods ADR			223,406
					2,648,777
Energy— 17.1%
6,500		Anadarko Petroleum Corp.			409,695
3,550		Devon Energy Corp.(a)			370,372
7,690		Exxon Mobil Corp.			650,420
3,100		Hess Corp.			273,358
4,000		Murphy Oil Corp.			328,560
3,200		Noble Energy, Inc.			232,960
9,490		Occidental Petroleum Corp.			694,383
1,950		Transocean, Inc.*			263,640
4,700		Weatherford International, Inc.*			340,609
					3,563,997
Financials— 4.9%
6,300		Banco Bradesco S.A. ADR			174,888
1		Berkshire Hathaway, Inc., Class A*			133,400
1,900		BlackRock, Inc.(a)			387,942
8,100		NASDAQ Stock Market, Inc.*			313,146
					1,009,376
Health Care— 15.8%
4,725		Abbott Laboratories			260,584
2,240		Alcon, Inc.			318,640
7,855		Baxter International, Inc.			454,176
11,400		Bristol-Myers Squibb Co.			242,820
9,000		Gilead Sciences, Inc.*(a)			463,770
11,200		Novo-Nordisk A/S			775,488
8,460		Schering-Plough Corp.			121,909
3,465		Stryker Corp.			225,398
4,000		Teva Pharmaceutical Industries Ltd. ADR			184,760
4,375		Thermo Fisher Scientific, Inc.*(a)			248,675
					3,296,220
Industrials— 7.8%
4,300		Emerson Electric Co.(a)			221,278
9,500		General Electric Co.			351,595
2,000		L-3 Communications Holdings, Inc.			218,680
3,175		Lockheed Martin Corp.(a)			315,277
6,650		Manitowoc Co.			271,320
2,000		Union Pacific Corp.			250,760
					1,628,910
Materials— 5.2%
3,500		ArcelorMittal, Class A(a)			286,300
1,182		Freeport-McMoran Copper & Gold, Inc., Class B			113,732
3,100		Monsanto Co.			345,650
3,850		Praxair, Inc.			324,285
					1,069,967
Shares			Value
Common Stocks (Continued)
Technology— 21.1%
4,260		Amphenol Corp., Class A		$	158,685
2,775		Apple Computer, Inc.*(a)			398,212
12,300		Cisco Systems, Inc.*			296,307
14,300		Corning, Inc.(a)			343,772
9,000		EMC Corp.*			129,060
2,700		Genzyme Corp.*			201,258
380		Google, Inc., Class A*(a)			167,379
3,800		Harris Corp.			184,414
9,912		Hewlett-Packard Co.			452,582
2,675		International Business Machines Corp.			307,999
10,000		LG Display Co. Ltd. ADR(a)			223,300
4,035		MEMC Electronic Materials, Inc.*			286,082
16,220		Microsoft Corp.			460,324
2,600		Nokia Oyj ADR			82,758
28,600		Oracle Corp.*			559,416
1,300		Research In Motion Ltd.*			145,899
					4,397,447
Telecommunications— 1.4%
9,500		Vodafone Group PLC ADR			280,345
Utilities— 4.1%
3,715		FirstEnergy Corp.(a)			254,923
4,775		FPL Group, Inc.			299,584
7,590		NRG Energy, Inc.*(a)			295,934
					850,441
Total Common Stocks (Cost $17,634,422)				19,849,114
Cash Equivalents—5.0%
1,047,456		Huntington Money Market Fund, Interfund Shares, 1.94% (b)(c)			1,047,456
Total Cash Equivalents (Cost $1,047,456)				1,047,456
Short-Term Securities Held As Collateral For Securities Lending—23.7%
		Pool of various securities for the Huntington Funds			4,929,071
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $4,929,071)				4,929,071
Total Investments (Cost $23,610,949) — 124.1%				25,825,641
Liabilities in Excess of Other Assets — (24.1)%				(5,012,140)
Net Assets — 100.0%			$	20,813,501
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.
ADR	American Depositary Receipt
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

Huntington VA Income Equity Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—99.6%
Consumer Discretionary— 7.6%
32,200		CBS Corp., Class B		$		710,976
17,600		D.R. Horton, Inc.				277,200
13,400		Gannett Co., Inc.				389,270
13,900		Lennar Corp., Class A(a)				261,459
14,200		Royal Caribbean Cruises Ltd.				467,180
14,500		The Gap, Inc.(a)				285,360
						2,391,445
Consumer Staples— 10.8%
19,600		Archer-Daniels-Midland Co.(a)				806,736
18,600		ConAgra Foods, Inc.				445,470
11,200		General Mills, Inc.				670,656
17,700		Molson Coors Brewing Co., Class B				930,489
38,200		Sara Lee Corp.				534,036
						3,387,387
Energy— 5.6%
5,700		Chevron Texaco Corp.				486,552
7,100		ConocoPhillips				541,091
4,800		Occidental Petroleum Corp.(a)				351,216
8,700		Progress Energy, Inc.				362,790
						1,741,649
Financials— 21.5%
12,000		Bank of America Corp.(a)				454,920
28,400		BB&T Corp.				910,504
12,000		Cincinnati Financial Corp.				456,480
15,400		Citigroup, Inc.				329,868
19,300		JPMorgan Chase & Co.				828,935
11,600		Lehman Brothers Holdings, Inc.				436,624
32,700		MBIA, Inc.(a)				399,594
30,400		Regions Financial Corp.(a)				600,400
9,500		The Travelers Cos., Inc.				454,575
13,100		U.S. Bancorp				423,916
8,700		Unitrin, Inc.				307,458
26,300		Wachovia Corp.(a)				710,100
14,400		Wells Fargo & Co.(a)				419,040
						6,732,414
Health Care— 11.1%
8,000		Eli Lilly & Co.				412,720
14,700		Johnson & Johnson				953,589
10,300		Merck & Co., Inc.				390,885
28,000		Pfizer, Inc.				586,040
11,600		Sanofi-Aventis ADR				435,464
16,400		Wyeth				684,864
						3,463,562
Industrials— 15.0%
9,300		Avery Dennison Corp.				458,025
8,700		Dover Corp.				363,486
6,900		Eaton Corp.				549,723
13,600		General Electric Co.				503,336
17,700		Ingersoll Rand Co.				789,066
6,900		L-3 Communications Holdings, Inc.				754,446
12,800		Parker Hannifin Corp.				886,656
13,200		R.R. Donnelley & Sons Co.				400,092
						4,704,830
Materials— 4.3%
7,500		Du Pont (E.I.) de Nemours & Co.				350,700
5,500		PPG Industries, Inc.				332,805
18,400		The Dow Chemical Co.(a)				678,040
						1,361,545
Real Estate Investment Trusts— 3.1%
8,200		HCP, Inc.				277,242
Shares			Value
Common Stocks (Continued)
Real Estate Investment Trusts (Continued)
8,500		Hospitality Properties Trust		$		289,170
11,400		Mack-Cali Realty Corp.				407,094
						973,506
Technology— 11.1%
13,200		Hewlett-Packard Co.				602,712
5,800		International Business Machines Corp.				667,812
15,700		Nokia Oyj ADR				499,731
15,800		Oracle Corp.*				309,048
11,300		Tyco Electronics Ltd.				387,816
14,500		United Technologies Corp.				997,890
						3,465,009
Telecommunications— 5.3%
15,900		AT&T, Inc.(a)				608,970
13,300		BT Group PLC ADR				573,230
29,700		Deutsche Telecom AG ADR				492,426
						1,674,626
Utilities— 4.2%
8,500		Consolidated Edison, Inc.				337,450
8,800		DTE Energy Co.				342,232
16,900		NiSource, Inc.				291,356
22,500		TECO Energy, Inc.(a)				358,875
						1,329,913
Total Common Stocks (Cost $31,409,691)				31,225,886
Cash Equivalents—0.3%
101,057		Huntington Money Market Fund, Interfund Shares, 1.94% (b)(c)			101,057
Total Cash Equivalents (Cost $101,057)				101,057
Short-Term Securities Held As Collateral For Securities Lending—19.6%
		Pool of various securities for the Huntington Funds				6,152,518
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $6,152,518)				6,152,518
Total Investments (Cost $37,663,266) — 119.5%				37,479,461
Liabilities in Excess of Other Assets — (19.5)%				(6,111,794)
Net Assets — 100.0%			$	31,367,667
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.
ADR	American Depositary Receipt
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

Huntington VA International Equity Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—86.4%
Canada— 2.0%
Energy— 2.0%
3,870		EnCana Corp.		$	293,153
Finland— 1.5%
Technology— 1.5%
7,000		Nokia Oyj ADR			222,810
France— 11.2%
Consumer Discretionary— 1.7%
6,200		Vivendi			242,237
Consumer Staples— 2.9%
2,800		Groupe DANONE			250,355
9,280		Groupe DANONE ADR			166,575
					416,930
Energy— 2.3%
4,500		Total SA ADR			333,045
Financials— 2.4%
9,709		AXA ADR			350,592
Utilities— 1.9%
4,320		Suez SA ADR			284,559
					1,627,363
Germany— 5.5%
Health Care— 1.6%
3,200		Stada Arzneimittel AG			233,028
Technology— 2.2%
6,350		SAP AG ADR			314,769
Utilities— 1.7%
3,900		E.ON AG ADR			243,240
					791,037
Ireland— 2.1%
Financials— 2.1%
4,235		Allied Irish Banks PLC			182,867
8,500		Anglo Irish Bank Corp. PLC			113,384
					296,251
Italy— 1.7%
Industrials— 1.7%
7,100		Finmeccanica SPA			241,423
Japan— 20.0%
Consumer Discretionary— 6.2%
7,010		Honda Motor Co. Ltd. ADR			201,958
8,590		Matsushita Electric Industrial Co. ADR			186,489
500		Nintendo Co. Ltd.			257,877
14,575		Sharp Corp. ADR			248,053
					894,377
Consumer Staples— 3.6%
26,800		Ajinomoto Co., Inc.			271,603
3,300		Unicharm Corp.			241,391
					512,994
Financials— 1.7%
28,758		Mitsubishi UFJ Financial Group, Inc. ADR			250,194
Health Care— 1.8%
7,100		Eisai Co. Ltd.			242,224
450		Eisai Co. Ltd. ADR			15,371
					257,595
Industrials— 4.7%
2,400		FANUC Ltd.			228,296
1,225		KOMATSU  Ltd. ADR			136,118
Shares			Value
Common Stocks (Continued)
Japan (Continued)
Industrials (Continued)
3,000		KOMATSU Ltd.		$	83,233
2,385		Secom Ltd. ADR			231,947
					679,594
Technology— 2.0%
6,351		Canon, Inc. ADR			294,496
					2,889,250
Mexico— 1.4%
Materials— 1.4%
7,863		Cemex S.A.B. de C.V. ADR			205,382
Netherlands— 6.4%
Consumer Discretionary— 2.1%
8,125		Koninklijke (Royal) Phillips Electronics NV			311,512
Financials— 2.6%
9,908		ING Groep NV ADR			370,262
Industrials— 1.7%
6,645		TNT NV ADR			247,757
					929,531
Netherlands Antilles— 1.7%
Energy— 1.7%
2,780		Schlumberger Ltd.			241,860
Norway— 2.0%
Telecommunications— 2.0%
15,332		Telenor ASA			293,670
Singapore— 3.6%
Industrials— 1.3%
26,000		Keppel Corp. Ltd.			187,050
Telecommunications— 2.3%
12,005		Singapore Telecommunications ADR			340,599
					527,649
Spain— 3.4%
Financials— 1.5%
9,750		Banco Bilbao Vizcaya Argentaria SA ADR			214,402
Telecommunications— 1.9%
3,274		Telefonica SA ADR			283,234
					497,636
Sweden— 2.6%
Financials— 1.3%
6,800		Swedbank AB, Class A			190,606
Industrials— 1.3%
11,000		Sandvik AB			191,204
					381,810
Switzerland— 6.0%
Health Care— 3.1%
6,090		Novartis AG ADR			311,991
750		Roche Holding AG			141,177
					453,168
Materials— 2.9%
7,130		Syngenta AG ADR			417,176
					870,344
United Kingdom— 15.3%
Consumer Discretionary— 2.2%
23,650		Pearson PLC ADR			321,167
Consumer Staples— 4.8%
4,518		Cadbury Schweppes PLC ADR			199,786
Shares			Value
Common Stocks (Continued)
United Kingdom (Continued)
Consumer Staples (Continued)
23,000		Tate & Lyle PLC		$	246,463
11,074		Tesco PLC ADR			250,251
					696,500
Energy— 2.1%
2,650		BG Group PLC ADR			307,325
Financials— 2.0%
8,500		Standard Chartered PLC			290,457
Health Care— 1.0%
3,245		GlaxoSmithKline PLC ADR			137,685
Industrials— 1.5%
27,600		Rolls-Royce Group PLC			220,721
Utilities— 1.7%
8,525		Scottish & Southern Energy ADR			237,889
					2,211,744
Total Common Stocks (Cost $11,456,159)				12,520,913
Mutual Funds—4.4%
Management Investment Operation— 4.4%
6,000		iShares MSCI Hong Kong Index Fund			107,700
4,500		iShares MSCI Japan Index Fund			55,665
16,600		iShares MSCI Malaysia Index Fund			196,710
9,800		iShares MSCI Taiwan			155,330
3,013		Morgan Stanley India Fund			114,162
Total Mutual Funds (Cost $585,802)				629,567
Total Investments (Cost $12,041,961) — 90.8%				13,150,480
Other Assets in Excess of Liabilities — 9.2%				1,337,027
Net Assets — 100.0%			$	14,487,507
ADR	American Depositary Receipt
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

Huntington VA Macro 100 Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—96.7%
Consumer Discretionary— 15.2%
900		Apollo Group, Inc., Class A*		$	38,880
2,500		AutoNation, Inc.*			37,425
3,800		eBay, Inc.*			113,392
1,200		Ecolab, Inc.			52,116
2,100		Family Dollar Stores, Inc.			40,950
900		Fortune Brands, Inc.			62,550
1,700		Hasbro, Inc.			47,430
1,000		International Flavors & Fragrances, Inc.			44,050
1,500		International Game Technology			60,315
2,400		Johnson Controls, Inc.			81,120
2,100		Liz Claiborne, Inc.			38,115
900		Meredith Corp.			34,425
3,000		Staples, Inc.			66,330
1,400		The Hershey Co.			52,738
2,100		The TJX Co., Inc.			69,447
100		The Washington Post Co., Class B			66,150
2,900		United Parcel Service, Inc., Class B			211,758
1,000		UST, Inc.			54,520
2,100		Yum! Brands, Inc.			78,141
					1,249,852
Consumer Staples— 11.0%
2,000		Avon Products, Inc.			79,080
1,800		Dean Foods Co.			36,162
1,300		Kellogg Co.			68,328
1,300		McCormick & Co., Inc.			48,061
6,000		Procter & Gamble Co.			420,420
1,800		SUPERVALU, Inc.			53,964
2,600		Sysco Corp.			75,452
900		The Clorox Co.			50,976
1,100		Wm. Wrigley Jr. Co.			69,124
					901,567
Energy— 14.1%
1,100		Apache Corp.			132,902
1,900		Chesapeake Energy Corp.			87,685
1,400		Devon Energy Corp.			146,062
800		Entergy Corp.			87,264
1,000		EOG Resources, Inc.			120,000
900		Integrys Energy Group, Inc.			41,976
2,300		Marathon Oil Corp.			104,880
900		Murphy Oil Corp.			73,926
900		Noble Energy, Inc.			65,520
1,600		PPL Corp.			73,472
1,400		Progress Energy, Inc.			58,380
900		Range Resources Corp.			57,105
1,800		XTO Energy, Inc.			111,348
					1,160,520
Financials— 20.2%
1,400		ACE Ltd.			77,084
2,100		Allstate Corp.			100,926
1,700		AFLAC, Inc.			110,415
9,200		Bank of America Corp.			348,772
1,300		Cincinnati Financial Corp.			49,452
2,600		H&R Block, Inc.			53,976
3,200		Hudson City Bancorp, Inc.			56,576
2,300		KeyCorp			50,485
2,000		Marshall & Ilsley Corp.			46,400
1,900		Paychex, Inc.			65,094
3,400		Progressive Corp.			54,638
1,000		Safeco Corp.			43,880
1,400		SunTrust Banks, Inc.			77,196
800		Torchmark Corp.			48,088
Shares			Value
Common Stocks (Continued)
Financials (Continued)
5,100		U.S. Bancorp		$	165,036
5,600		Wachovia Corp.			151,200
3,300		Western Union Co.			70,191
1,400		XL Capital Ltd., Class A			41,370
1,000		Zions Bancorp			45,550
					1,656,329
Health Care— 13.1%
1,900		Aetna, Inc.			79,971
1,000		Becton, Dickinson & Co.			85,850
600		C.R. Bard, Inc.			57,840
2,900		Gilead Sciences, Inc.*			149,437
6,300		Johnson & Johnson			408,681
3,300		Mylan Laboratories, Inc.			38,280
1,300		Patterson Cos., Inc.*			47,190
1,000		Sigma-Aldrich Corp.			59,650
1,100		Stryker Corp.			71,555
1,000		Zimmer Holdings, Inc.*			77,860
					1,076,314
Industrials— 8.1%
2,100		3M Co.			166,215
3,800		Allied Waste Industries, Inc.*			41,078
1,100		Fedex Corp.			101,937
700		Jacobs Engineering Group, Inc.*			51,513
2,600		Masco Corp.			51,558
1,200		Pall Corp.			42,084
1,500		Pitney Bowes, Inc.			52,530
700		Ryder System, Inc.			42,637
700		The Black & Decker Corp.			46,270
2,200		Waste Management, Inc.			73,832
					669,654
Materials— 2.3%
1,000		Ball Corp.			45,940
1,600		Pactiv Corp.*			41,936
1,200		Praxair, Inc.			101,076
					188,952
Technology— 10.2%
900		Affiliated Computer Services, Inc.*			45,099
1,600		BMC Software, Inc.*			52,032
1,800		Cognizant Technology Solutions Corp., Class A*			51,894
7,000		Dell, Inc.*			139,440
1,500		Electronic Arts, Inc.*			74,880
1,100		Fiserv, Inc.*			52,899
1,100		Genzyme Corp.*			81,994
2,100		Intuit, Inc.*			56,721
2,800		Jabil Circuit, Inc.			26,488
1,300		Lexmark International, Inc.*			39,936
1,900		SanDisk Corp.*			42,883
3,900		Symantec Corp.*			64,818
2,000		Total System Services, Inc.			47,320
4,400		Xerox Corp.			65,868
					842,272
Telecommunications— 0.6%
3,900		Windstream Corp.			46,605
Utilities— 1.9%
1,500		Consolidated Edison, Inc.			59,550
Shares			Value
Common Stocks (Continued)
Utilities (Continued)
2,700		Southern Co.		$	96,147
					155,697
Total Common Stocks (Cost $8,161,466)				7,947,762
Cash Equivalents—3.2%
263,917		Huntington Money Market Fund, Interfund Shares, 1.94% (a)(b)			263,917
Total Cash Equivalents (Cost $263,917)				263,917
Total Investments (Cost $8,425,383) — 99.9%				8,211,679
Other Assets in Excess of Liabilities — 0.1%				6,636
Net Assets — 100.0%			$	8,218,315
(a)	Investment in affiliate.
(b)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.

See Notes to Portfolio of Investments.

Huntington VA Mid Corp America Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—90.3%
Consumer Discretionary— 5.9%
3,600		Abercrombie & Fitch Co., Class A (a)			$	263,304
4,350		AnnTaylor Stores Corp. *(a)				105,183
3,800		BorgWarner, Inc.				163,514
3,810		Fidelity National Title Group, Inc., Class A				69,837
2,000		Hanover Insurance Group, Inc.				82,280
4,200		Liz Claiborne, Inc. (a)				76,230
5,558		Nordstrom, Inc.				181,191
700		Polo Ralph Lauren Corp. (a)				40,803
3,000		Republic Services, Inc., Class A				87,720
4,482		Royal Caribbean Cruises Ltd.				147,458
3,300		Sonic Automotives, Inc.				67,815
1,493		The Stanley Works				71,097
1,400		UniFirst Corp.				51,926
1,030		Whirlpool Corp. (a)				89,383
1,000		Wolverine World Wide, Inc.				29,010
3,400		Zales Corp. *(a)				67,184
						1,593,935
Consumer Staples— 2.7%
5,830		Church & Dwight Co., Inc. (a)				316,219
2,600		Constellation Brands, Inc. *				45,942
2,911		Ralcorp Holding, Inc. *				169,275
2,200		Smithfield Foods, Inc. *				56,672
4,934		SUPERVALU, Inc.				147,921
						736,029
Energy— 11.4%
900		Baker Hughes, Inc.				61,650
13,058		Chesapeake Energy Corp. (a)				602,627
1,400		Forest Oil Corp. *				68,544
4,400		Helmerich & Payne, Inc.				206,228
1,133		Mariner Energy, Inc. *				30,602
3,800		Murphy Oil Corp.				312,132
4,400		National Fuel Gas Co.				207,724
8,084		Noble Energy, Inc.				588,515
1,300		Smith International, Inc.				83,499
11,700		Spectra Energy Corp.				266,175
1,743		Unit Corp. *				98,741
7,214		Weatherford International, Inc. *				522,799
						3,049,236
Financials— 8.9%
1,400		AMCORE Financial, Inc.				28,490
3,084		AmeriCredit Corp. *(a)				31,056
2,500		BancorpSouth, Inc.				57,900
2,266		BOK Financial Corp.				118,353
1,900		Cincinnati Financial Corp.				72,276
4,259		City National Corp. (a)				210,650
2,900		First American Financial Corp.				98,426
2,000		FirstMerit Corp.				41,320
1,121		Fulton Financial Corp.				13,777
5,100		Genworth Financial, Inc.				115,464
2,767		Legg Mason, Inc.				154,897
5,300		Lincoln National Corp.				275,600
1,700		M&T Bank Corp.				136,816
2,630		Nationwide Financial Services, Inc.				124,346
7,436		Old Republic International Corp.				95,999
4,723		Protective Life Corp.				191,565
4,100		T. Rowe Price Group, Inc.				205,000
2,964		TCF Financial Corp.				53,115
4,847		Torchmark Corp.				291,353
2,500		Wilmington Trust Corp.				77,750
						2,394,153
Shares			Value
Common Stocks (Continued)
Health Care— 13.5%
2,600		Aetna, Inc.			$	109,434
7,700		AmerisourceBergen Corp.				315,546
3,885		Barr Laboratories, Inc. *				187,684
2,080		Biogen Idec, Inc. *(a)				128,315
1,186		Cephalon, Inc. *				76,378
5,900		Coventry Health Care, Inc. *				238,065
800		Dentsply International, Inc.				30,880
5,680		Humana, Inc. *				254,805
4,278		Invitrogen Corp. *				365,641
3,533		Lincare Holdings, Inc. *				99,313
13,900		Mylan Laboratories, Inc. (a)				161,240
2,620		Owens & Minor, Inc.				103,071
9,000		Pediatrix Medical Group, Inc. *				606,600
2,800		Quest Diagnostics, Inc.				126,756
11,713		Thermo Fisher Scientific, Inc. *(a)				665,767
3,600		WellCare Health Plans, Inc. *(a)				140,220
						3,609,715
Industrials— 17.8%
1,875		Alliant Techsystems, Inc. *				194,119
7,312		Cooper Industries Ltd., Class A (a)				293,577
5,200		Cummins, Inc.				243,464
4,800		Eastman Chemical Co.				299,760
4,100		Elbit Systems Ltd.				227,345
1,300		G&K Services, Inc., Class A				46,293
4,900		ITT Corp.				253,869
8,038		Kennametal, Inc.				236,558
5,959		L-3 Communications Holdings, Inc.				651,557
3,100		Mohawk Industries, Inc. *(a)				221,991
2,600		Oshkosh Corp.				94,328
6,179		Pall Corp.				216,697
4,234		Parker Hannifin Corp.				293,289
3,700		Precision Castparts Corp.				377,696
1,000		R.R. Donnelley & Sons Co.				30,310
300		Rockwell International Corp.				17,226
3,400		Ryder System, Inc.				207,094
2,800		Stericycle, Inc. *				144,200
3,421		Teleflex, Inc.				163,216
3,200		Textron, Inc.				177,344
5,500		Thomas & Betts Corp. *				200,035
8,800		Wyndham Worldwide Corp.				181,984
						4,771,952
Materials— 10.0%
6,600		Albemarle Corp.				241,032
8,600		AptarGroup, Inc.				334,798
600		Ball Corp.				27,564
3,000		Bemis Co., Inc.				76,290
2,000		Cymer, Inc. *				52,080
5,400		Cytec Industries, Inc.				290,790
10,000		FMC Corp.				554,900
3,360		Lubrizol Corp.				186,514
1,100		Minerals Technologies, Inc.				69,080
2,300		Pactiv Corp. *				60,283
2,250		PPG Industries, Inc.				136,147
3,600		Quanex Corp.				186,264
3,800		RPM International, Inc.				79,572
800		Schnitzer Steel Industries, Inc.				56,816
700		Texas Industries, Inc. (a)				42,077
1,400		The Scotts Co.				45,388
8,000		Trimble Navigation Ltd. *				228,720
						2,668,315
Shares			Value
Common Stocks (Continued)
Real Estate Investment Trusts— 0.0% (b)
550		Host Hotels & Resorts, Inc. (a)			$	8,756
Technology— 14.1%
18,354		Activision, Inc. *(a)				501,248
1,900		Amdocs Ltd. *				53,884
8,700		Arris Group, Inc. *(a)				50,634
8,110		Autodesk, Inc. *(a)				255,303
2,600		Avocent Corp. *				43,940
1,425		Benchmark Electronics, Inc. *				25,579
7,680		Broadcom Corp., Class A *				147,993
4,070		Cypress Semiconductor Corp. *				96,093
2,860		Electronic Arts, Inc. *				142,771
3,475		Fidelity National Information Services, Inc.				132,536
600		Fiserv, Inc. *				28,854
5,232		FLIR Systems, Inc. *				157,431
5,410		Forrester Research, Inc. *				143,798
400		Genzyme Corp. *				29,816
5,100		Harris Corp.				247,503
3,778		Imation Corp.				85,912
6,400		Integrated Device Technology, Inc. *				57,152
2,792		International Rectifier Corp. *				60,028
2,500		Intersil Corp., Class A				64,175
1,400		Intuit, Inc. *				37,814
3,200		JDA Software Group, Inc. *				58,400
2,900		KLA-Tencor Corp.				107,590
4,400		Lam Research Corp. *				168,168
2,000		MEMC Electronic Materials, Inc. *				141,800
1,600		Molex, Inc.				37,056
4,948		NCR Corp. *				112,963
6,830		NVIDIA Corp. *(a)				135,165
15,000		ON Semiconductor Corp. *				85,200
2,140		Progress Software Corp. *				64,029
6,600		SanDisk Corp. *				148,962
3,800		Sybase, Inc. *				99,940
5,238		Teradata Corp. *				115,550
4,762		Varian Semiconductor Equipment Associates, Inc. *				134,050
						3,771,337
Telecommunications— 0.7%
1,407		CenturyTel, Inc.				46,769
14,000		Sycamore Networks, Inc. *				51,240
2,000		Telus Corp.				83,700
						181,709
Utilities— 5.3%
2,200		AGL Resources, Inc.				75,504
1,796		Allete, Inc.				69,361
2,300		Atmos Energy Corp.				58,650
1,700		Constellation Energy Group, Inc.				150,059
3,691		Energy East Corp.				89,027
9,481		MDU Resources Group, Inc.				232,759
1,800		New Jersey Resources Corp.				55,890
12,128		Questar Corp.				685,960
						1,417,210
Total Common Stocks (Cost $18,353,708)					24,202,347
Mutual Funds—4.0%
Exchange Traded Funds— 4.0%
7,200		iShares S&P MidCap 400 Index Fund				559,512
Shares				Value
Mutual Funds (Continued)
Exchange Traded Funds (Continued)
3,652		MidCap SPDR Trust Series 1 Index Fund			$	517,196
Total Mutual Funds (Cost $688,326)					1,076,708
Cash Equivalents—5.7%
1,523,121		Huntington Money Market Fund, Interfund Shares, 1.94% (c)(d)				1,523,121
Total Cash Equivalents (Cost $1,523,120)					1,523,121
Short-Term Securities Held As Collateral For Securities Lending—16.2%
		Pool of various securities for the Huntington Funds				4,338,325
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $4,338,325)					4,338,325
Total Investments (Cost $24,903,481) — 116.2%					31,140,501
Liabilities in Excess of Other Assets — (16.2)%					(4,337,093)
Net Assets — 100.0%			$		26,803,408
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Amount rounds to less than 0.05%.
(c)	Investment in affiliate.
(d)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.

See Notes to Portfolio of Investments.

Huntington VA Mortgage Securities Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Principal Amount					Value
U.S. Government Mortgage Backed Agencies—80.3%
Federal Home Loan Bank –— 3.1%
$65,065		Series 6B-2012, Class 1, 5.125%, 4/25/12		$	69,343
152,364		Series 7I-2012, Class A, 5.000%, 6/15/12			161,681
47,457		Series Z2-2013, Class A, 4.800%, 2/25/13			47,769
69,504		Series SK-2015, Class 1, 5.140%, 8/18/15			68,243
					347,036
Federal Home Loan Mortgage Corporation –— 36.8%
26,867		Series 2548, Class HA, 4.500%, 1/15/10			27,158
21,494		Series 1994-23, Class PK, 6.000%, 5/25/10			21,874
72,397		Pool # M80982, 5.000%, 7/1/12			73,759
80,480		Pool # M81004, 5.000%, 1/1/13			81,994
27,905		Pool # B18052, 4.500%, 3/1/15			28,391
129,092		Series R007, Class AC, 5.875%, 5/15/16			131,197
74,766		Pool # J03237, 5.500%, 8/1/16			76,708
103,810		Series 2770, Class TC, 4.000%, 1/15/18			104,312
35,222		Pool # E96459, 5.000%, 5/1/18			35,749
146,095		Series R005, Class AB, 5.500%, 12/15/18			149,461
322,239		Series R009, Class AJ, 5.750%, 12/15/18			330,024
56,760		Series 3046, Class YA, 5.000%, 2/15/19			57,637
31,348		Pool # G18008, 4.500%, 9/1/19			31,277
15,928		Pool # G18015, 4.500%, 10/1/19			15,892
256,239		Series R010, Class AB, 5.500%, 12/15/19			263,933
243,076		Series 2541, Class VL, 5.500%, 11/15/20			249,969
167,676		Pool # G12286, 5.000%, 7/1/21			169,636
146,215		Pool # G12297, 6.000%, 7/1/21			150,606
190,036		Pool # G12425, 5.500%, 10/1/21			194,035
200,000		Series 2542, Class DH, 5.500%, 2/15/22			208,639
220,485		Pool # E02402, 6.000%, 10/1/22			226,989
83,821		Pool # C90779, 5.000%, 1/1/24			84,515
27,828		Pool # C90837, 5.500%, 6/1/24			28,339
200,000		Series 2649, Class OL, 4.500%, 4/15/26			202,335
82,744		Pool # C91000, 6.000%, 11/1/26			85,209
50,000		Series 2672, Class GH, 5.500%, 8/15/31			51,194
300,000		Series 2802, Class MB, 5.500%, 11/15/31			306,448
83,635		Pool # 1G0865, 4.903%, 7/1/35			84,940
187,868		Pool # A55565, 6.000%, 12/1/36			192,909
250,578		Pool # G08168, 6.000%, 12/1/36			257,301
					3,922,430
Federal National Mortgage Association –— 29.9%
43,765		Pool # 254955, 4.000%, 10/1/10			44,341
27,529		Pool # 255224, 4.000%, 5/1/11			27,881
114,358		Pool # 254717, 4.500%, 4/1/13			116,208
72,637		Pool # 254914, 4.500%, 9/1/13			73,833
258,618		Pool # 786729, 5.500%, 8/1/19			265,016
196,677		Pool #254501, 5.500%, 9/1/22			200,501
Principal Amount					Value
U.S. Government Mortgage Backed Agencies (Continued) Federal National Mortgage Association (Continued)
$26,581		Pool # 254908, 5.000%, 9/1/23		$	26,672
16,283		Pool # 255360, 5.000%, 8/1/24			16,330
64,708		Pool # 255711, 5.500%, 4/1/25			65,842
71,766		Pool # 357771, 5.000%, 5/1/25			71,926
63,774		Pool # 255745, 5.500%, 5/1/25			64,891
66,128		Pool # 255767, 5.500%, 6/1/25			67,287
53,932		Pool # 255808, 5.000%, 7/1/25			54,052
256,285		Pool # 256001, 6.000%, 11/1/25			263,737
73,521		Pool # 256116, 6.000%, 2/1/26			75,629
1,441		Series 2003-15, Class P, 5.000%, 12/25/26			1,439
79,228		Series 1999-13, Class PH, 6.000%, 4/25/29			81,866
29,758		Pool # 721540, 5.000%, 7/1/33			29,540
133,986		Pool # 746683, 5.500%, 10/1/33			135,716
77,537		Pool # 786457, 5.287%, 7/1/34			78,388
50,525		Pool # 845573, 5.614%, 2/1/36			51,677
243,397		Pool # 745511, 5.000%, 4/1/36			241,209
325,641		Pool # 745418, 5.500%, 4/1/36			329,438
255,937		Pool # 831487, 5.500%, 4/1/36			258,715
251,233		Pool # 868935, 5.500%, 5/1/36			253,960
179,450		Pool # 903812, 5.500%, 12/1/36			181,399
86,331		Pool # 907484, 6.000%, 1/1/37			88,530
					3,166,023
Government National Mortgage Association –— 10.5%
23,235		Pool # 3590, 5.500%, 8/20/19			23,776
62,627		Pool # 3708, 5.500%, 5/20/20			64,054
78,105		Pool # 3741, 4.500%, 8/20/20			78,033
116,540		Pool # 683937, 6.000%, 2/15/23			120,339
215,957		Pool # 666057, 5.000%, 3/15/23			219,257
200,000		Series 2005-55, Class PD, 5.000%, 5/20/32			201,208
18,130		Pool # 3571, 6.500%, 6/20/34			18,920
251,821		Pool # 605653, 5.500%, 8/15/34			257,361
14,931		Pool # 3637, 5.500%, 11/20/34			15,229
55,630		Pool # 3710, 5.000%, 5/20/35			55,481
77,939		Pool # 650348, 5.500%, 11/15/35			79,649
					1,133,307
Total U.S. Government Mortgage Backed Agencies (Cost $8,392,459)				8,568,796
Principal Amount or Shares					Value
Common Stocks—9.4%
Real Estate Investment Trusts— 9.4%
1,400		Acadia Realty Trust		$	33,810
800		Alexandria Real Estate Equities, Inc.			74,176
600		AMB Property Corp.			32,652
400		Boston Properties, Inc. (a)			36,828
400		Brandywine Realty Trust			6,784
400		BRE Properties, Inc.			18,224
300		Camden Property Trust			15,060
900		Corporate Office Properties Trust			30,249
100		Developers Diversified Realty Corp.			4,188
1,300		Digital Reality Trust, Inc.			46,150
1,400		Douglas Emmett, Inc.			30,884
500		DuPont Fabros Technology, Inc.			8,245
800		EastGroup Properties, Inc.			37,168
200		Equity Lifestyle Properties, Inc.			9,874
700		Equity Residential			29,043
400		Essex Property Trust, Inc.			45,592
100		Federal Realty Investment Trust (a)			7,795
600		General Growth Properties, Inc. (a)			22,902
700		HCP, Inc.			23,667
800		Home Properties, Inc. (a)			38,392
1,300		Host Hotels & Resorts, Inc. (a)			20,696
700		Kimco Realty Corp.			27,419
1,100		Mack-Cali Realty Corp.			39,281
2,300		National Retail Properties, Inc. (a)			50,715
500		Nationwide Health Properties, Inc. (a)			16,875
400		Pennsylvania Real Estate Investment Trust			9,756
200		ProLogis			11,772
500		Public Storage, Inc.			44,310
600		Realty Income Corp. (a)			15,372
100		Regency Centers Corp.			6,476
600		Simon Property Group, Inc.			55,746
400		SL Green Realty Corp. (a)			32,588
300		Sunstone Hotel Investors, Inc.			4,803
800		Tanger Factory Outlet Centers, Inc.			30,776
200		UDR, Inc.			4,904
1,100		Ventas, Inc.			49,401
400		Vornado Realty Trust			34,484
Total Common Stocks (Cost $1,030,324)				1,007,057
U.S. Government Agencies—5.8%
Federal Home Loan Bank — 3.8%
$200,000		5.125%, 2/2/09			204,707
200,000		4.250%, 3/9/18			201,510
					406,217
Federal Home Loan Mortgage Corporation — 1.0%
100,000		4.000%, 4/8/11			103,580
Principal Amount or Shares					Value
U.S. Government Agencies (Continued)
Federal National Mortgage Association – 1.0%
$100,000		5.000%, 3/2/15	$		107,367
Total U.S. Government Agencies (Cost $597,796)				617,164
Collateralized Mortgage Obligation—1.4%
156,170		Citicorp Mortgage Securities, Inc., 5.500%, 10/25/35			151,882
Total Collateralized Mortgage Obligations (Cost $154,923)				151,882
Preferred Stocks—0.2%
Real Estate Investment Trusts— 0.2%
300		Simon Property Group, Inc., 6.000%			22,764
Total Preferred Stocks (Cost $21,282)				22,764
Cash Equivalents—3.2%
342,929		Huntington Money Market Fund, Interfund Shares, 1.94% (b)(c)			342,929
Total Cash Equivalents (Cost $342,929)				342,929
Short-Term Securities Held As Collateral For Securities Lending—2.0%
		Pool of various securities for the Huntington Funds			211,068
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $211,068)				211,068
Total Investments (Cost $10,750,781) — 102.3%				10,921,660
Liabilities in Excess of Other Assets — (2.3)%				(247,956)
Net Assets — 100.0%			$	10,673,704
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.

See Notes to Portfolio of Investments.

Huntington VA New Economy Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—85.9%
Consumer Discretionary— 7.7%
2,400		Aeropostale, Inc. *		$	65,064
3,000		Amerigon, Inc. *			44,400
3,000		Big Lots, Inc. *			66,900
1,900		CBRL Group, Inc.			67,963
3,900		GameStop Corp. *			201,669
2,830		Garmin Ltd. (a)			152,848
5,060		Guess?, Inc.			204,778
1,700		Gymboree Corp. *			67,796
2,000		Life Time Fitness, Inc. *			62,420
3,000		Nintendo Co. Ltd. ADR *			193,651
3,000		Tiffany & Co.			125,520
					1,253,009
Consumer Staples— 7.8%
6,800		Cosan Ltd., Class A *			83,776
12,700		Dean Foods Co.			255,143
4,000		Loews Corp. - Carolina Group			290,200
6,800		Molson Coors Brewing Co., Class B			357,476
4,630		Reynolds American, Inc.			273,309
					1,259,904
Energy— 6.4%
3,700		Alpha Natural Resources, Inc. *			160,728
2,900		CONSOL Energy, Inc. (a)			200,651
1,300		National Oilwell Varco, Inc. *(a)			75,894
1,400		Oceaneering International, Inc. *			88,200
8,836		The Williams Cos., Inc.			291,411
2,900		Ultra Petroleum Corp. *			224,750
					1,041,634
Financials— 5.5%
5,900		BB&T Corp.			189,154
5,240		CB Richard Ellis Group, Inc., *			113,394
2,456		Franklin Resources, Inc.			238,207
5,800		Hudson City Bancorp, Inc.			102,544
7,595		Willis Group Holdings Ltd.			255,268
					898,567
Health Care— 16.0%
2,750		Baxter International, Inc.			159,005
372		Becton, Dickinson & Co.			31,936
4,300		BioMarin Pharmaceutical, Inc. *			152,091
3,700		Celgene Corp. *			226,773
2,500		Express Scripts, Inc. *			160,800
2,100		ICON PLC ADR *			136,269
1,070		Intuitive Surgical, Inc. *(a)			347,054
2,600		Inverness Medical Innovations, Inc. *			78,260
2,360		Laboratory Corp. of America Holdings *			173,885
3,200		Onyx Pharmaceuticals, Inc. *			92,896
4,748		Pediatrix Medical Group, Inc. *			320,015
4,300		Perrigo Co. (a)			162,239
5,800		Quidel Corp. *			93,148
4,200		Stryker Corp.			273,210
1,961		Thermo Fisher Scientific, Inc. *			111,463
1,910		WellCare Health Plans, Inc. *(a)			74,395
					2,593,439
Industrials— 11.5%
5,200		Aegean Marine Petroleum Network, Inc.			177,892
1,980		Ameron International Corp.			185,189
3,700		Chicago Bridge & Iron Co. N.V.			145,188
2,600		Cummins, Inc.			121,732
2,650		GulfMark Offshore, Inc. *			145,008
Shares			Value
Common Stocks (Continued)
Industrials (Continued)
190		L-3 Communications Holdings, Inc.		$	20,775
5,600		Manitowoc Co.			228,480
5,037		PACCAR, Inc.			226,665
6,000		Robbins & Myers, Inc.			195,900
3,000		Stericycle, Inc. *			154,500
17,400		Stillwater Mining Co. *(a)			269,178
					1,870,507
Materials— 3.4%
1,500		CF Industries Holdings, Inc. (a)			155,430
1,400		Monsanto Co.			156,100
8,500		North American Palladium Ltd. *			46,410
5,400		Terra Industries, Inc. *			191,862
					549,802
Real Estate Investment Trusts— 1.9%
8,188		Digital Reality Trust, Inc.			290,674
492		Ventas, Inc.			22,096
					312,770
Technology— 22.5%
10,870		Activision, Inc. *(a)			296,860
1,560		Apple Computer, Inc. *(a)			223,860
4,977		ASML Holding NV *(a)			123,479
5,290		Atheros Communications, Inc. *(a)			110,244
14,000		AU Optronics Corp. ADR			240,660
5,600		Cypress Semiconductor Corp. *(a)			132,216
2,900		Electronic Arts, Inc. *			144,768
7,000		EMC Corp. *			100,380
1,600		First Solar, Inc. *			369,824
350		Google, Inc., Class A *(a)			154,165
4,200		Immersion Corp. *			29,862
6,960		Juniper Networks, Inc. *			174,000
14,200		Marvell Technology Group Ltd. *			154,496
5,520		MEMC Electronic Materials, Inc. *			391,368
12,430		Micron Technology, Inc. *			74,207
13,455		NVIDIA Corp. *(a)			266,274
2,000		Research In Motion Ltd. *(a)			224,460
4,910		SanDisk Corp. *			110,819
740		SunPower Corp., Class A *(a)			55,137
1,400		VMware, Inc., Class A *(a)			59,948
7,000		Wright Express Corp. *			215,110
					3,652,137
Telecommunications— 1.4%
3,100		EMS Technologies, Inc. *			84,134
9,500		Premiere Global Services, Inc. *			136,230
					220,364
Utilities— 1.8%
2,075		FirstEnergy Corp. (a)			142,387
3,165		ONEOK, Inc.			141,254
					283,641
Total Common Stocks (Cost $14,232,970)				13,935,774
Cash Equivalents—14.8%
2,398,627		Huntington Money Market Fund, Interfund Shares, 1.94% (b)(c)			2,398,627
Total Cash Equivalents (Cost $2,398,627)				2,398,627
Shares			Value
Short-Term Securities Held As Collateral For Securities Lending—18.9%
		Pool of various securities for the Huntington Funds		$	3,075,627
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $3,075,627)				3,075,627
Total Investments (Cost $19,707,224) — 119.6%				19,410,028
Liabilities in Excess of Other Assets — (19.6)%				(3,184,806)
Net Assets — 100.0%			$	16,225,222
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.
ADR	American Depositary Receipt
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

Huntington VA Real Strategies Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—89.2%
Consumer Staples— 4.2%
500		Cosan Ltd., Class A*		$		6,160
200		Dean Foods Co.				4,018
						10,178
Energy— 20.1%
100		Canadian Natural Resources Ltd. ADR				6,826
100		CONSOL Energy, Inc.(a)				6,919
100		EnCana Corp.				7,575
100		Norsk Hydro ASA SP ADR				1,460
100		Petroleo Brasileiro SA ADR				10,211
100		Sasol Ltd. ADR				4,839
86		StatoilHydro ASA ADR				2,569
100		Ultra Petroleum Corp.*				7,750
						48,149
Industrials— 26.1%
200		AGCO Corp.*				11,976
100		Chicago Bridge & Iron Co. ADR				3,924
200		Companhia Vale do Rio Doce ADR				6,928
100		Harsco Corp.				5,538
200		Kennametal, Inc.				5,886
200		Manitowoc Co.				8,160
50		Monsanto Co.				5,575
200		Stillwater Mining Co.*				3,094
200		Yara International ASA ADR				11,590
						62,671
Materials— 24.4%
100		BHP Billiton Ltd. ADR				6,585
100		CRH PLC ADR				3,835
200		Impala Platinum  ADR				7,703
210		Patriot Coal Corp.*				9,864
100		Peabody Energy Corp.				5,100
100		Southern Copper Corp.(a)				10,383
100		The Mosaic Co.*				10,260
1,700		Uranium Energy Corp.*				4,777
						58,507
Real Estate Investment Trusts— 9.0%
100		Boston Properties, Inc.				9,207
100		General Growth Properties, Inc.				3,817
100		Vornado Realty Trust				8,621
						21,645
Technology— 3.0%
100		MEMC Electronic Materials, Inc.*				7,090
Utilities— 2.4%
100		Questar Corp.				5,656
Total Common Stocks (Cost $203,406)				213,896
Mutual Funds—9.4%
Exchange Traded Funds— 9.4%
200		PowerShares DB Agriculture				7,260
200		PowerShares DB Silver Fund				6,360
100		StreetTracks Gold Trust				9,038
Total Mutual Funds (Cost $20,100)				22,658
Cash Equivalents—0.7%
1,759		Huntington Money Market Fund, Interfund Shares, 1.94% (b)(c)				1,759
Total Cash Equivalents (Cost $1,759)					1,759
Shares			Value
Short-Term Securities Held As Collateral For Securities Lending—7.4%
		Pool of various securities for the Huntington Funds				17,630
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $17,630)				17,630
Total Investments (Cost $242,895) — 106.7%				255,943
Liabilities in Excess of Other Assets — (6.7)%				(16,073)
Net Assets — 100.0%			$	239,870
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.
ADR	American Depositary Receipt
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

Huntington VA Rotating Markets Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Mutual Funds—95.3%
Exchange Traded Funds— 95.3%
13,312		DIAMONDS Trust Series I(a)		$	1,630,321
5,047		iShares Dow Jones U.S. Basic Materials Sector Index Fund			374,588
2,013		iShares Dow Jones U.S. Financial Sector Index Fund(a)			164,361
3,380		iShares Dow Jones U.S. Industrial Sector Index Fund			231,361
3,826		iShares Dow Jones U.S. Utilities Sector Index Fund			351,877
3,677		iShares Morningstar Large Core Index Fund			274,010
13,305		iShares Russell 1000 Growth Index Fund			724,324
10,955		iShares Russell 1000 Index Fund			788,541
10,114		iShares S&P 500 Value Index Fund(a)			700,496
24,173		PowerShares Dynamic Large Cap Value Portfolio			445,508
1,264		S&P Depositary Receipt(a)			166,469
3,577		Vanguard Consumer Discretionary			175,452
5,430		Vanguard Consumer Staples			373,964
4,602		Vanguard Energy			489,653
6,324		Vanguard Heath Care			339,346
22,649		Vanguard Large-Cap			1,346,936
Total Mutual Funds (Cost $8,644,928)				8,577,207
Cash Equivalents—4.7%
428,720		Huntington Money Market Fund, Interfund Shares, 1.94% (b)(c)			428,720
Total Cash Equivalents (Cost $428,720)				428,720
Short-Term Securities Held As Collateral For Securities Lending—27.3%
		Pool of various securities for the Huntington Funds			2,455,327
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $2,455,327)				2,455,327
Total Investments (Cost $11,528,975) — 127.3%				11,461,254
Liabilities in Excess of Other Assets — (27.3)%				(2,458,981)
Net Assets — 100.0%			$	9,002,273
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Rate disclosed is the seven day yield as of March 31, 2008.
(c)	Investment in affiliate.

See Notes to Portfolio of Investments.

Huntington VA Situs Fund

Portfolio of Investments

March 31, 2008 (unaudited)

Shares			Value
Common Stocks—98.1%
Finland— 1.6%
Industrials— 1.6%
2,000		Cargotec Corp., Class B		$	98,158
4,200		Kone Oyj, Class B			172,317
					270,475
Germany— 1.3%
Consumer Staples— 0.5%
1,500		Douglas Holding AG			81,290
Health Care— 0.8%
1,900		Stada Arzneimittel AG			138,360
					219,650
Hong Kong— 0.4%
Consumer Discretionary— 0.4%
13,000		Television Broadcasts, Ltd.			69,657
Ireland— 0.6%
Consumer Staples— 0.6%
3,500		Kerry Group PLC			109,674
Japan— 1.1%
Industrials— 0.3%
3,500		Sato Corp.			44,637
Technology— 0.8%
14,800		Furuno Electric Co., Ltd.			144,050
					188,687
Sweden— 0.5%
Consumer Discretionary— 0.5%
4,800		Haldex AB			84,646
United Kingdom— 0.6%
Technology— 0.6%
25,000		Halma PLC			96,120
United States— 92.0%
Consumer Discretionary— 12.5%
4,500		AnnTaylor Stores Corp. *(a)			108,810
5,000		Audiovox Corp., Class A *			53,400
10,000		Brunswick Corp.			159,700
8,000		Cabela's, Inc., Class A *(a)			113,280
1,300		Columbia Sportswear Co. (a)			57,239
3,000		Ennis, Inc.			50,340
2,000		Fossil, Inc. *			61,080
10,000		Gander Mountain Co. *(a)			60,800
5,000		Garmin Ltd. (a)			270,050
2,000		Hilb, Rogal & Hobbs Co.			62,940
1,000		Home Depot, Inc. (a)			27,970
2,000		Jakks Pacific, Inc. *			55,140
4,000		Movado Group, Inc.			77,960
1,500		Polo Ralph Lauren Corp. (a)			87,435
2,000		Rent-A-Center, Inc. *			36,700
14,000		ScanSource, Inc. *			506,660
3,000		Skechers USA, Inc. *			60,630
5,000		Speedway Motorsports, Inc.			125,350
800		Toll Brothers, Inc. *			18,784
5,000		Urban Outfitters, Inc. *			156,750
350		West Marine, Inc. *			2,439
					2,153,457
Consumer Staples— 2.5%
7,100		Fresh Del Monte Produce, Inc. *			258,440
5,200		Performance Food Group Co. *			169,936
					428,376
Energy— 10.7%
3,000		Alliance Resource Partners LP			105,000
2,500		Atwood Oceanics, Inc. *			229,300
Shares			Value
Common Stocks (Continued)
United States (Continued)
Energy (Continued)
4,550		Carbo Ceramics, Inc.		$	182,455
16,000		Denbury Resources, Inc. *			456,800
3,500		Dril-Quip, Inc. *			162,645
5,000		Headwaters, Inc. *			65,950
1,744		Helix Energy Solutions Group, Inc. *			54,936
59		Hugoton Royalty Trust			1,627
4,000		Newfield Exploration Co. *			211,400
3,500		Oceaneering International, Inc. *			220,500
3,000		Saint Mary Land & Exploration Co.			115,500
3,000		TETRA Technologies, Inc. *			47,520
					1,853,633
Financials— 8.7%
6,250		Arch Capital Group, Ltd. *			429,188
5,000		Bank of Florida Corp. *			50,700
8,000		BB&T Corp.			256,480
10,200		Colonial Bancgroup, Inc. (a)			98,226
10,000		Cullen/Frost Bankers, Inc.			530,400
2,000		Philadelphia Consolidated Holdings Corp. *			64,400
1,500		WSFS Financial Corp.			73,920
					1,503,314
Health Care— 13.7%
10,000		Advanced Medical Optics, Inc. *			203,000
20,000		Albany Molecular Research *			242,800
4,650		Bio-Rad Laboratories, Inc., Class A *			413,618
8,000		Cerner Corp. *			298,240
5,500		Edwards LifeSciences Corp. *(a)			245,025
2,000		Kindred Healthcare, Inc. *			43,740
5,000		Kinetic Concepts, Inc. *			231,150
10,000		Lincare Holdings, Inc. *			281,100
8,000		Mentor Corp. (a)			205,760
5,000		Millennium Pharmaceuticals, Inc. *			77,300
5,000		Osiris Therapeutics, Inc. *(a)			62,900
100		Par Pharmaceutical, Inc. *			1,739
732		PharMerica Corp. *			12,129
4,000		ViroPharma, Inc. *(a)			35,760
500		WellCare Health Plans, Inc. *(a)			19,475
					2,373,736
Industrials— 16.0%
5,500		Alliant Techsystems, Inc. *			569,415
15,000		BE Aerospace, Inc. *			524,250
2,000		Exlservice Holdings, Inc. *			45,920
7,000		Jacobs Engineering Group, Inc. *			515,130
8,500		Overseas Shipholding Group, Inc.			595,340
3,000		Precision Castparts Corp.			306,240
500		Ryder System, Inc.			30,455
2,000		The Timken Co.			59,440
2,000		Tidewater, Inc.			110,220
					2,756,410
Materials— 11.0%
5,000		Albemarle Corp.			182,600
13,000		Ceradyne, Inc. *			415,480
3,000		Commercial Metals Co.			89,910
1,000		Deckers Outdoor Corp. *			107,820
500		Eagle Materials, Inc. (a)			17,775
2,000		Quanex Corp.			103,480
4,000		RTI International Metals, Inc. *			180,840
1,500		Texas Industries, Inc. (a)			90,165
4,400		The Scotts Co.			142,648
20,000		Trimble Navigation Ltd. *(a)			571,800
Shares			Value
Common Stocks (Continued)
United States (Continued)
Materials (Continued)
31		Vulcan Materials Co. (a)		$	2,058
					1,904,576
Real Estate Investment Trusts— 2.2%
3,500		Camden Property Trust			175,700
1,000		CBL & Associates Properties, Inc.			23,530
3,000		Colonial Properties Trust			72,150
4,500		Equity One, Inc.			107,865
1,000		HRPT Properties Trust			6,730
					385,975
Technology— 10.3%
5,000		ACI Worldwide, Inc. *(a)			99,600
5,000		Anixter International, Inc. *(a)			320,200
4,000		Black Box Corp.			123,400
4,000		Brocade Communications Systems, Inc. *			29,200
1,000		Compuware Corp. *			7,340
3,000		Hutchinson Technology, Inc. *(a)			47,730
6,000		Imation Corp.			136,440
10,000		Methode Electronics, Inc.			116,900
4,000		NETGEAR, Inc. *			79,800
19,000		Red Hat, Inc. *			349,410
16,000		Standard Microsystems Corp. *			466,880
1,000		StarTek, Inc. *			9,210
					1,786,110
Telecommunications— 2.5%
10,000		CommScope, Inc. *(a)			348,300
12,300		General Communication, Inc.,    Class A *			75,522
					423,822
Utilities— 1.9%
1,000		AGL Resources, Inc.			34,320
4,000		Hawaiian Electric Industries, Inc. (a)			95,480
8,000		UGI Corp.			199,360
					329,160
					15,898,569
Total Common Stocks (Cost $18,064,218)				16,937,478
Cash Equivalents—1.9%
329,852		Huntington Money Market Fund, Interfund Shares, 1.94%  (b)(c)			329,852
Total Cash Equivalents (Cost $329,852)				329,852
Short-Term Securities Held As Collateral For Securities Lending—17.7%
		Pool of various securities for the Huntington Funds			3,063,756
Total Short-Term Securities Held As Collateral For Securities Lending (Cost $3,063,756)				3,063,756
Total Investments (Cost $21,457,826) — 117.7%				20,331,086
Liabilities in Excess of Other Assets — (17.7)%				(3,055,736)
Net Assets — 100.0%			$	17,275,350
(a)	All or part of the security was on loan as of March 31, 2008.
(b)	Investment in affiliate.
(c)	Rate disclosed is the seven day yield as of March 31, 2008.
*	Non-income producing security.
LP	Limited Partnership
PLC	Public Liability Co.

See Notes to Portfolio of Investments.

NOTES TO PORTFOLIOS OF INVESTMENTS (UNAUDITED)

The cost basis of investments for federal income tax purposes at March 31, 2008 was as follows:

				Net Unrealized
	Tax Cost	Unrealized	Unrealized	Appreciation/
Fund	of Securities*	Appreciation	Depreciation	(Depreciation)
VA Dividend Capture Fund	$    61,730,937	$    1,342,347	$    (5,797,783)	$          (4,455,436)
VA Growth Fund	23,610,949	2,757,556	(542,864)	2,214,692
VA Income Equity Fund	37,801,371	2,823,992	(3,094,523)	(270,531)
VA International Equity Fund	12,046,427	1,692,072	(588,019)	1,104,053
VA Macro 100 Fund	8,476,703	196,258	(461,282)	(265,024)
VA Mid Corp America Fund	24,903,480	7,646,953	(1,409,932)	6,237,021
VA New Economy Fund	19,726,663	1,336,480	(1,666,645)	(330,165)
VA Real Strategies Fund	242,895	24,746	(11,698)	13,048
VA Rotating Markets Fund	11,556,154	166,921	(261,821)	(94,900)
VA Situs Fund	21,474,782	2,031,000	(3,174,696)	(1,143,696)
VA Mortgage Securities Fund	10,752,689	245,234	(76,263)	168,971

* The difference between the book-basis and tax-basis cost of securities is attributable primarily to tax deferral of losses on wash sales.

The Huntington Funds (the "Trust") was originally two separate Massachusetts business trusts: The Huntington Funds, established on February 10, 1987, and Huntington VA Funds, established on June 30, 1999 (together, the "Original Trusts"). The Original Trusts were reorganized into a single Delaware statutory trust retaining the name of The Huntington Funds 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. At March 31, 2008, the Trust operated 31 separate series, or mutual funds, each with its own investment objective and strategy.

The above report contains the Portfolios of Investments of the Trust’s variable annuity portfolios listed below (each individually referred to as a “VA Fund,” or collectively as the “VA Funds”):

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 Macro 100 Fund (“VA Macro 100 Fund”)

Huntington VA Mid Corp America Fund (“VA Mid Corp America Fund”)

Huntington VA New Economy Fund (“VA New Economy 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”), formerly the Huntington VA Situs Small Cap Fund*

Huntington VA Mortgage Securities Fund (“VA Mortgage Securities Fund”)

* On January 24, 2008, the Huntington VA Situs Small Cap Fund changed its name to the Huntington VA Situs Fund

in connection with its changes in investment strategy to focus on Situs or geographical location, regardless of market

capitalization.

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”).

A. Investment Valuations

The price at which the VA Funds will offer or redeem shares is the net asset value (“NAV”) per share next determined after the order is considered received. In computing the NAV, current market value is used to value portfolio securities with respect to which market quotations are readily available. Pursuant to policies approved by the Board of Trustees (“Trustees”), 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) traded on a securities exchange at the last reported sales price on the principal exchange. 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. Foreign securities are subject to modification based on significant events, as described below. 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. Except as noted above, 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. If there is no reported sale on the principal exchange, and for all other debt securities, including zero-coupon 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 New York Stock Exchange (NYSE) (generally 4:00 p.m. Eastern Time), on the day the value of the foreign security is determined. Option contracts are generally valued at the mean of the bid and asked price as reported on the highest volume exchange (in terms of the number of options contracts traded for that issue) on which such options are traded.  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.

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.

Securities for which market quotations are not readily available are valued at their “fair value.” 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 VA 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 of the situation at issue, transactions implicitly valuing the security at issue (such as a merger, tender offer, etc.), the value of other securities or contracts which derive their value from the security at issue, and the implications (whether negative or positive) of the circumstances which have caused trading in the security to halt. The final good faith fair valuation of a security is based on an analysis of those factors deemed relevant to the security valuation at issue. With respect to certain narrow categories of securities, the Pricing Committee’s procedures detail specific valuation methodologies to be used in lieu of considering the aforementioned list of factors.

The VA Funds may use the fair value of a security to calculate their NAV when a market price is not readily available, such as when: (1) a portfolio security is not traded in a public market or the principal market in which the security trades is closed, (2) trading in a portfolio security is suspended and not resumed prior to the normal market close, (3) a portfolio security is not traded in significant volume for a substantial period, or (4) the VA Funds’ investment adviser, Huntington Asset Advisors, Inc. (“Advisor”), determines that the quotation or price for a portfolio security provided by a dealer or independent pricing service is inaccurate.

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 VA 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 general securities market movements occurring between the time when 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 such cases, use of fair valuation can reduce an investor’s ability to seek to profit by estimating a VA Fund’s NAV in advance of the time when the NAV is calculated.

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.

The VA 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 significant. Since the VA International Equity Fund invests primarily in foreign securities, it is most likely to be affected by this fair valuation methodology. Since the VA Real Strategies Fund, VA Rotating Markets Fund and the VA Situs Fund invest some of their assets in foreign securities, they may be affected, although to a lesser extent.

There can be no assurance that a VA Fund could purchase or sell a portfolio security at the price used to calculate the VA Fund’s NAV. In the case of 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. Fair valuations generally remain unchanged until new information becomes available. Consequently, changes in 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. Fair valuation determinations often involve the consideration of a number of subjective factors, and the fair value price may be higher or lower than a readily available market quotation.

B. Repurchase Agreements

The VA Funds may enter into repurchase agreements with banks and other recognized financial institutions, such as broker/dealers, which are deemed by the VA Funds’ Advisor to be creditworthy pursuant to the guidelines and/or standards reviewed or established by the Trustees. It is the policy of the VA 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 VA 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 VA Funds may be delayed or limited.

C. When-Issued and Delayed Transactions

The VA Funds may engage in when-issued or delayed delivery transactions. The VA 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.

D. Foreign Exchange Contracts

VA International Equity Fund, VA Real Strategies Fund and VA Situs Fund may enter into foreign currency commitments for the delayed delivery of securities or foreign currency exchange transactions. VA International Equity Fund, VA Real Strategies Fund and VA Situs Fund may enter into foreign currency contract transactions to protect assets against adverse changes in foreign currency exchange rates or exchange control regulations. Purchase contracts are used to acquire exposure to foreign currencies, while contracts to sell are used to hedge the securities against currency fluctuations. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their commitments and from unanticipated movements in security prices or foreign exchange rates. The foreign currency translations are adjusted by the daily exchange rate of the underlying currency and any gains or losses are recorded for financial statement purposes as unrealized until the settlement date. At March 31, 2008, the VA International Equity Fund, VA Real Strategies Fund and VA Situs Fund.

E. Foreign Currency Translation

Investment valuations, other assets and liabilities initially expressed in foreign currencies are converted each business day into

U.S. dollars based upon current exchange rates. Purchases and sales of foreign investments and income expenses are converted into U.S. dollars based upon exchange rates prevailing on the respective dates of such transactions. VA International Equity Fund, VA Real Strategies Fund and VA Situs Fund do not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss from investments.

F. Written Options Contracts

Certain of the VA 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.

The following is a summary of the VA Growth Fund’s written option activity for the period ended March 31, 2008:

Contracts	Number of Contracts	Premium
Outstanding at 12/31/2007	-	$             -
Options written	91	17,765
Options expired	(91)	(17,765)
Options closed	-	-
Options exercised	-	-
Outstanding at 3/31/2008	-	$             -

At March 31, 2008, the VA Growth Fund had no outstanding options.

The following is a summary of the VA Income Equity Fund’s written option activity for the period ended March 31, 2008:

Contracts	Number of Contracts	Premium
Outstanding at 12/31/2007	349	$             72,668
Options written	-	-
Options expired	(106)	(19,822)
Options closed	-	-
Options exercised	-	-
Outstanding at 3/31/2008	243	$             52,846

At March 31, 2008, the VA Income Equity Fund had the following outstanding options:

WRITTEN OPTION CONTRACTS
Contract	Type	Expiration Date	Exercise Price	Number of Contracts	Fair Value	Unrealized Appreciation
Merck & Co., Inc.	Call	April 2008	$                        60	71	$         177	$                     9,904
Molson Coors Brewing Co.	Call	April 2008	60	172	1,290	41,475
NET UNREALIZED APPRECIATION ON WRITTEN OPTION CONTRACTS						$                   51,379

The following is a summary of the VA New Economy Fund’s written option activity for the period ended March 31, 2008:

Contracts	Number of Contracts	Premium
Outstanding at 12/31/2007	-	$                  -
Options written	34	47,470
Options expired	-	-
Options closed	(24)	(25,500)
Options exercised	-	-
Outstanding at 3/31/2008	10	$          21,970

At March 31, 2008, the VA New Economy Fund had the following outstanding options:

Contract	Type	Expiration Date	Exercise Price	Number of Contracts	Fair Value	Unrealized Depreciation
First Solar, Inc.	Call	April 2008	$                      200	10	$    35,500	$                 (13,530)
NET UNREALIZED DEPRECIATION ON WRITTEN OPTION CONTRACTS						$                 (13,530)

G. Securities Lending

To generate additional income, the VA 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. In determining whether to lend to a particular broker, dealer or financial institution, the Advisor 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 VA Funds. Information on the investment of cash collateral is shown in the table that follows. The VA Funds receive payments from borrowers equivalent to the dividends and interest that would have been earned on securities on loan. In addition, the VA Funds retain all or a portion of the interest received on investment of collateral or receive a fee from the borrower. 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 VA Fund could lose money. There is also the risk that, when lending portfolio securities, the securities may not be available to a VA Fund on a timely basis and a VA 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 VA Funds or the borrower at any time, and therefore, are not considered to be illiquid investments. PFPC Trust Co. (“PFPC”) serves as the sub-custodian for the securities lending program. PFPC retains a portion of the earnings from the investment and reinvestment of cash collateral and a portion of any loan fees paid by borrowers with respect to securities loans.

As of March 31, 2008, the following VA Funds had securities with the following market values on loan:

Fund	Market Value of Loaned Securities	Market Value of Collateral
VA Dividend Capture Fund	$        8,406,974	$  8,752,216
VA Growth Fund	4,838,528	4,929,071
VA Income Equity Fund	5,931,640	6,152,518
VA Mid Corp America Fund	4,238,835	4,338,325
VA New Economy Fund	2,972,807	3,075,627
VA Real Strategies Fund	17,136	17,630
VA Rotating Markets Fund	2,342,902	2,455,327
VA Situs Fund	2,982,203	3,063,756
VA Mortgage Securities Fund	203,761	211,068

As of March 31, 2008 cash collateral invested was as follows:

				Interest
	Master	Money	Time	Bearing
Fund	Note	Market Fund	Deposits	Cash	Total
VA Dividend Capture Fund	$373,821	$    6,962,343	$ 820,785	$ 595,267	$8,752,216
VA Growth Fund	622,836	3,700,132	325,077	281,026	4,929,071
VA Income Equity Fund	755,825	4,868,567	271,174	256,952	6,152,518
VA Mid Corp America Fund	-	3,819,966	308,214	210,145	4,338,325
VA New Economy Fund	68,784	2,569,422	256,189	181,232	3,075,627
VA Real Strategies Fund	-	13,697	2,338	1,595	17,630
VA Rotating Markets Fund	-	1,907,549	325,706	222,072	2,455,327
VA Situs Fund	-	2,386,480	402,705	274,571	3,063,756
VA Mortgage Securities Fund	-	163,979	27,999	19,090	211,068

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.  Other Information

Effective January 1, 2008, the VA Funds adopted Statement of Financial Accounting Standards (“SFAS”) No. 157, “Fair Value Measurements.”  This standard establishes a single authoritative definition of fair value, sets out a framework for measuring fair value, and requires additional disclosures about fair value measurements.

One key component of the implementation of SFAS 157 included the development of a three-tier fair value hierarchy.  The basis of the tiers is dependant upon the various “inputs” used to determine the value of the VA Funds’ investments.  These inputs 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, prepayments speeds, credit risk, etc.)

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

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the VA Funds’ investments as of March 31, 2008:

			LEVEL 2 - Other Significant		LEVEL 3 - Significant
	LEVEL 1 - Quoted Prices		Observable Inputs		Unobservable Inputs		Total
	Investments	Other Financial	Investments	Other Financial	Investments	Other Financial	Investments	Other Financial
Fund Name	In Securities	Investments*	in Securities	Investments*	in Securities	Investments*	in Securities	Investments*
VA Dividend Capture Fund	$          48,523,285	$                     -	$       8,752,216	$                  -	$                  -	$                  -	$     57,275,501	$                     -
VA Growth Fund	$          20,896,570	$                     -	$       4,929,071	$                  -	$                  -	$                  -	$     25,825,641	$                     -
VA Income Equity Fund	$          31,326,943	$            51,379	$       6,152,518	$                 -	$                  -	$                  -	$     37,479,461	$            51,379
VA International Equity Fund	$            5,889,573	$                     -	$       7,260,907	$                  -	$                  -	$                 -	$     13,150,480	$                     -
VA Macro 100 Fund	$            8,211,679	$                     -	$                      -	$                  -	$                  -	$                  -	$       8,211,679	$                     -
VA Mid Corp America Fund	$          26,802,176	$                     -	$       4,338,325	$                  -	$                  -	$                  -	$     31,140,501	$                     -
VA New Economy Fund	$          16,140,750	$         (13,530)	$       3,269,278	$                  -	$                  -	$                  -	$     19,410,028	$         (13,530)
VA Real Strategies Fund	$               217,559	$                     -	$            38,384	$                  -	$                  -	$                  -	$          255,943	$                     -
VA Rotating Markets Fund	$            9,005,927	$                     -	$       2,455,327	$                  -	$                  -	$                  -	$     11,461,254	$                     -
VA Situs Fund	$          16,228,422	$                     -	$       4,102,664	$                  -	$                  -	$                  -	$     20,331,086	$                    -
VA Mortgage Securities Fund	$            1,372,750	$                     -	$       9,548,910	$                  -	$                  -	$                 -	$     10,921,660	$                     -

* Other financial instrument are derivative instruments not reflected in the Portfolios of Investments, such as options, which are valued at the unrealized appreciation/(depreciation) on the investments.

J. General

Pursuant to an exemptive order issued by the Securities and Exchange Commission, the VA Funds may invest in certain affiliated money market funds which are managed by the Advisor. A summary of each VA Fund’s investments in such affiliated money market funds (Huntington Money Market Fund) is set forth below:

		Share Activity
Fund	12/31/07 Balance	Purchases	Sales	3/31/08 Balance	Income
VA Dividend Capture Fund	$              917,785	$       2,177,970	$       (2,712,945)	$          382,810	$        3,182
VA Growth Fund	820,810	1,007,978	(781,332)	1,047,456	6,470
VA Income Equity Fund	1,142,302	1,673,054	(2,714,299)	101,057	3,105
VA Macro 100 Fund	404,444	1,099,287	(1,239,815)	263,916	1,913
VA Mid Corp America Fund	3,217,231	1,386,675	(3,080,786)	1,523,120	18,306
VA New Economy Fund	2,328,223	2,726,750	(2,656,346)	2,398,627	15,712
VA Real Strategies Fund	7,938	21,009	(27,188)	1,759	83
VA Rotating Markets Fund	642,481	2,139,023	(2,352,784)	428,720	4,107
VA Situs Fund	381,903	838,029	(890,081)	329,851	1,449
VA Mortgage Securities Fund	684,767	924,806	(1,266,644)	342,929	5,586

Item 2. 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 based on their evaluation of these disclosure controls and procedures within 90 days of the filing date of this report on Form N-Q effective in design and operation and are sufficient to form the basis of the certifications required by rule 30a-(2) under the Act.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications pursuant to Rule 30a-2(a) are attached hereto.

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/Charles L. Davis, Jr.,

Charles L. Davis, Jr., Chief Executive Officer and Principal Executive Officer

Date___5/23/08_____

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/Charles L. Davis, Jr.,

Charles L. Davis, Jr., Chief Executive Officer and Principal Executive Officer

Date_____5/23/08___

By (Signature and Title)  /s/Christopher E. Sabato

Christopher E. Sabato, Treasurer and Principal Financial Officer

Date_____5/23/08___