Archive for March, 2016

2016 February Detailed YTD Performance

Tuesday, March 29th, 2016
Fixed  Income Large Cap Value Large Cap Growth Foreign Small Company Portfolio
Stable Value Option 0.3%
BlackRock Instl. Money Market Fund CIT 0.1%
Cash/CDs 0.1%
Invesco Managed Account 0.4%
Benchmark
BC US Govt. 1-3 Yr 0.7%
Value Stock Option -5.7%
BlackRock Value Index CIT -5.2%
Neuberger Berman Large Cap Value -5.2%
T. Rowe Price Value -5.5%
Goldman Sachs Mid Cap Value Instl. -8.4%
JP Morgan Equity Income Fund R6 -3.7%
Sequoia SA -6.6%
Benchmark
Russell 1000 Value -5.2%
Equity Index Option -5.7%
Benchmark
Russell 3000 -5.7%
Growth Stock Option -8.4%
BlackRock Growth Index CIT -5.6%
Marsico Focus -8.1%
T. Rowe Price Growth Stock -10.4%
Primecap Odyssey Growth -10.2%
Wellington Mid Cap Opportunities CIT -6.8%
Broad Run Mid Cap Growth SA -5.7%
Benchmark
Russell 1000 Growth -5.6%
International Stock Option -6.9%
BlackRock ACWI ex-US IMI Index CIT -7.4%
Templeton Foreign Series -9.8%
Thornburg Intl Value Instl. -9.6%
MFS Intl. Value Equity Fund CIT -4.0%
DFA Emerging Markets Value Instl. -5.0%
Brandes International Small Cap Equity -4.9%
Benchmark
MSCI ACWI Ex-US IMI (net) -7.8%
Diversified Small Company Stock Option -8.3%
BlackRock Small Company Index -8.7%
DFA U.S. Micro Cap Portfolio Instl. -5.8%
Royce Opportunity -6.6%
Brown Capital Mgmt. Small. Co. Install. SA -12.4%
Buffalo Small Cap -11.0%
Deutsche Small Cap Value SA -6.9%
Mutual of America Disciplined Small Cap Value SA -6.5%
Walthausen Small Cap Value -8.8%
Benchmark
Russell 2000 -8.8%
Retirement Model -0.9%
Benchmark
Retirement Composite Index -0.6%
Conservative Model -2.1%
Benchmark
Conservative Composite Index -1.7%
Moderate Model -4.3%
Benchmark
Moderate Composite Index -3.9%
Aggressive Model -5.6%
Benchmark
Aggressive Composite Index -5.3%

Manager Change in the Value Stock Option

Friday, March 4th, 2016

The Neuberger Berman Large Cap Value Fund was terminated and removed from the Value Stock Option on 3/1/16. The fund was terminated due to consistent under performance to the fund benchmark.  The funds were moved into the Value Stock Option’s index fund – BlackRock Value Index until the board finds a suitable replacement fund.  The new Value Stock Option target allocation is as follows:

Manager  Previous Target Allocation  New Target Allocation effective 3/1/16  
Neuberger Berman Large Cap Value  20%  0%
T. Rowe Price Value  20%  20%
JP Morgan Equity Income  15%  15%
Goldman Sachs Mid Cap Value Instl.  15%  15%
Sequoia  10%  10%
BlackRock Value Index  20%  40%