Archive for June, 2008

2008 June

Saturday, June 28th, 2008
Fixed  Income Large
Cap Value
Large
Cap Growth
Foreign Small
Company
Portfolio
             
Morningstar
Averages for the Universe
n/a -12.96% -9.31% -10.09% -8.27% n/a
             
Stable
Value Option
2.35%          
Wellington
Core
-0.14%          
PRIMCO
GIC
2.37%          
CDs 1.73%          
Dreyfus Government Money Market Index 1.47%          
             
Benchmark            
LB
1-3 yr. Govt./Treas.
2.11%          
             
Equity
Index Option (BGI – US Equity Index)
    -11.09%      
             
Benchmark            
Russell
3000
    -11.05%      
             
Value
Stock Option
  -6.34%        
Morgan
Value (separately managed)
  -16.44%        
CGM Focus   17.09%        
Goldman Sachs Mid Value Instl.   -3.54%        
Neuberger
Berman Partners
  -4.51%        
T.
Rowe Price Value
  -10.94%        
BGI
– Value Index
  -13.64%        
             
Benchmark            
Russell
Price Driven (1000 Value)
  -13.57%        
             
Growth
Stock Option
    -8.89%      
Turner
Mid Cap Growth
    -9.27%      
Marsico
Focus
    -13.16%      
Wellington
Mid Cap Opportunities
    -2.98%      
Primecap Odyssey Growth     -8.07%      
T. Rowe Price Growth Stock     -10.09%      
BGI
– Growth Index
    -9.12%      
             
Benchmark            
Russell
Earnings Growth (1000 Growth)
    -9.06%      
             
International
Stock Option
      -11.33%    
Amer
Cent-20th Cent. Int’l Discovery
      -8.86%    
Amer
Cent-20th Cent. Int’l Growth
      -8.16%    
Templeton
Instl. Foreign
      -14.55%    
Oppenheimer Intl Sm Co A       -14.88%    
Thornburg Intl Value R5       -12.86%    
Marsico Intl Opp       -13.33%    
Dimensional Emerging Markets Value       -13.14%    
Royce International Value       6.16%    
BGI
Eafe Index
      -10.88%    
             
Benchmark            
MSCI
EAFE Net Divs
      -10.96%    
             
Diversified
Small Company Stock Option
        -9.95%  
Royce
Opportunity
        -11.25%  
Dimensional
U.S. Micro Cap Portfolio
        -13.38%  
Third Avenue Sm Cap Instl.         0.64%  
iShares Morningstar Small Growth Index         -11.00%  
Morgan Stanley US Small Cap Value Instl         -7.73%  
BGI
– Small Company Index
        -9.44%  
             
Benchmark            
Russell
2000 Total
        -9.37%  
             
Conservative
Model Portfolio
          -2.12%
             
Benchmark            
Conservative
Composite Index
          -3.66%
             
Moderate
Model Portfolio
          -5.18%
             
Benchmark            
Moderate
Composite Index
          -6.35%
             
Aggressive
Model Portfolio
          -7.05%
             
Benchmark            
Aggressive
Composite Index
          -8.15%

June 2008

Saturday, June 21st, 2008
Day Stable Value Value Stock Equity Index Growth Stock Intl. Stock Div. Small Co. Stock Conserv. Portfolio Moderate Portfolio Aggressive Portfolio Retirement Portfolio
02 234.49 520.48 403.10 357.88 460.32 465.39 308.64 376.60 399.07
03 234.52 517.40 401.19 355.26 458.21 464.61 307.99 375.35 397.59
04 234.55 515.10 401.38 355.16 454.84 466.69 307.77 375.03 397.29
05 234.58 527.81 409.59 362.33 460.85 476.97 310.60 380.07 403.79
06 234.66 514.53 397.36 352.59 451.60 464.17 307.16 373.58 395.38
09 234.69 516.46 397.36 352.46 450.16 460.53 307.42 373.36 394.76
10 234.72 511.50 396.02 349.19 441.34 459.48 306.64 371.31 392.15
11 234.75 504.12 389.34 343.31 436.84 451.03 304.73 367.57 387.25
12 234.78 503.76 390.48 344.13 436.19 452.70 304.88 367.92 387.74
13 234.87 511.60 396.59 350.48 438.40 460.31 306.85 371.51 392.29
16 234.89 513.65 397.16 352.24 441.22 463.80 307.21 372.64 393.89
17 234.92 512.70 394.86 351.95 444.70 461.88 306.76 372.31 393.50
18 234.95 509.79 391.23 349.41 441.61 458.53 305.86 370.56 391.22
19 234.98 509.37 392.76 351.43 438.85 462.42 306.07 371.16 392.09
20 235.07 500.65 385.69 345.73 432.28 454.70 303.99 367.18 386.90
23 235.09 503.25 385.31 345.87 431.73 451.49 304.26 367.13 386.53
24 235.12 499.45 383.39 342.79 429.19 444.64 303.53 365.19 383.76
25 235.15 501.71 385.88 345.51 433.74 448.95 304.21 366.97 386.20
26 235.18 489.45 374.99 336.34 425.43 438.21 301.06 361.09 378.67
27 235.27 489.35 373.65 336.52 426.59 436.35 300.91 360.90 378.35
30 235.30 489.64 373.46 336.17 427.22 432.19 300.94 360.57 377.67
June Fund Performance (in percentages)
0.37% -6.53% -8.27% -6.40% -7.78% -8.05% -2.81% -4.69% -5.92%

Legg Mason Opportunity Fund Terminated

Monday, June 9th, 2008

The Directed Account Plan Board of Directors terminated the Legg Mason Opportunity Fund in the Diversified Small Co. Stock Option.  This fund was terminated due to consistent poor performance.   The assets were temporarily reallocated to the BGI Small Company Index until a suitable small cap growth manager replacement is found.  A rebalancing of the Diversified Small Cap Stock Options has resulted in the following target allocations:

Allocation
Diversified Small Co. Stock Option Managers Before Current
Royce Opportunity (rypnx) 15% 15%
Dimensional US Micro Cap Portfolio (dfscx) 15% 15%
Third Avenue Small Cap Value (tascx) 15% 15%
Legg Mason Opportunity (lmofx) – terminated 10% 0%
Morgan Stanley US Small Cap Value Instl. (mpscx) 10% 10%
iShares Morningstar Small Growth Index (jkk) 0% 15%
BGI Small Company Index – separately managed 20% 30%