| Fixed Income | Large Cap Value |
Large Cap Growth |
Foreign | Small Company |
Portfolio | |
| Morningstar Averages for the Universe |
n/a | -32.76% | -36.73% | -43.70% | -31.03% | n/a |
| Stable Value Option |
3.85% | |||||
| Wellington Core |
-6.65% | |||||
| PRIMCO GIC |
3.87% | |||||
| CDs | 2.92% | |||||
| Dreyfus Government Money Market Index | 2.60% | |||||
| Benchmark | ||||||
| LB 1-3 yr. Govt./Treas. |
4.30% | |||||
| Equity Index Option (BGI – US Equity Index) |
-33.22% | |||||
| Benchmark | ||||||
| Russell 3000 |
-33.21% | |||||
| Value Stock Option |
-37.99% | |||||
| Morgan Value (separately managed) |
-35.96% | |||||
| CGM Focus | -42.03% | |||||
| Goldman Sachs Mid Value Instl. | -33.67% | |||||
| Neuberger Berman Partners |
-47.12% | |||||
| T. Rowe Price Value |
-34.33% | |||||
| BGI – Value Index |
-32.96% | |||||
| Benchmark | ||||||
| Russell Price Driven (1000 Value) |
-32.90% | |||||
| Growth Stock Option |
-34.85% | |||||
| Turner Mid Cap Growth |
-42.86% | |||||
| Marsico Focus |
-34.02% | |||||
| Wellington Mid Cap Opportunities |
-31.93% | |||||
| Primecap Odyssey Growth | -30.55% | |||||
| T. Rowe Price Growth Stock | -38.56% | |||||
| BGI – Growth Index |
-34.36% | |||||
| Benchmark | ||||||
| Russell Earnings Growth (1000 Growth) |
-34.31% | |||||
| International Stock Option |
-48.72% | |||||
| Amer Cent-20th Cent. Int’l Discovery |
-52.25% | |||||
| Amer Cent-20th Cent. Int’l Growth |
-44.74% | |||||
| Templeton Instl. Foreign |
-42.75% | |||||
| Oppenheimer Intl Sm Co A | -65.38% | |||||
| Thornburg Intl Value R5 | -41.20% | |||||
| Marsico Intl Opp | -50.42% | |||||
| Dimensional Emerging Markets Value | -55.65% | |||||
| Royce International Value | -39.91% | |||||
| BGI Eafe Index |
-42.76% | |||||
| Benchmark | ||||||
| MSCI EAFE Net Divs |
-43.54% | |||||
| Diversified Small Company Stock Option |
-32.04% | |||||
| Royce Opportunity |
-36.48% | |||||
| Dimensional U.S. Micro Cap Portfolio |
-31.29% | |||||
| Third Avenue Sm Cap Instl. | -29.76% | |||||
| iShares Morningstar Small Growth Index | -37.40% | |||||
| Brown Capital Mgmt. Small. Co. Instl. | -29.14% | |||||
| Morgan Stanley US Small Cap Value Instl | -26.37% | |||||
| BGI – Small Company Index |
-29.06% | |||||
| Benchmark | ||||||
| Russell 2000 Total |
-29.02% | |||||
| Conservative Model Portfolio |
-13.33% | |||||
| Benchmark | ||||||
| Conservative Composite Index |
-10.64% | |||||
| Moderate Model Portfolio |
-24.20% | |||||
| Benchmark | ||||||
| Moderate Composite Index |
-20.81% | |||||
| Aggressive Model Portfolio |
-29.73% | |||||
| Benchmark | ||||||
| Aggressive Composite Index |
-26.54% |
Archive for October, 2008
2008 October
Tuesday, October 28th, 2008October 2008
Tuesday, October 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 01 | 237.95 | 410.82 | 338.94 | 287.20 | 322.82 | 411.96 | 287.26 | 329.17 | 337.80 | – |
| 02 | 237.97 | 390.81 | 324.24 | 273.17 | 307.63 | 392.31 | 282.12 | 319.23 | 325.17 | – |
| 03 | 238.05 | 383.30 | 319.08 | 269.15 | 306.05 | 383.65 | 280.30 | 316.11 | 321.15 | – |
| 06 | 238.08 | 366.23 | 306.30 | 258.22 | 286.31 | 366.15 | 275.88 | 307.02 | 309.35 | – |
| 07 | 238.10 | 342.09 | 288.74 | 244.99 | 277.10 | 346.88 | 269.49 | 296.88 | 296.95 | – |
| 08 | 238.13 | 337.18 | 285.49 | 244.48 | 267.68 | 340.45 | 268.27 | 294.21 | 293.28 | – |
| 09 | 238.15 | 310.05 | 263.73 | 231.14 | 256.63 | 315.55 | 259.99 | 281.75 | 277.99 | – |
| 10 | 238.23 | 304.11 | 261.63 | 228.66 | 249.89 | 320.98 | 258.72 | 280.01 | 276.30 | – |
| 13 | 238.26 | 341.32 | 291.78 | 253.38 | 279.01 | 350.13 | 270.20 | 299.46 | 299.85 | – |
| 14 | 238.28 | 346.11 | 289.11 | 249.03 | 276.80 | 342.41 | 270.48 | 297.93 | 297.61 | – |
| 15 | 238.31 | 319.64 | 262.77 | 226.85 | 250.18 | 312.61 | 261.43 | 280.90 | 276.78 | – |
| 16 | 238.34 | 321.04 | 274.22 | 235.54 | 258.57 | 328.46 | 263.80 | 286.77 | 284.35 | – |
| 17 | 238.42 | 320.22 | 272.69 | 235.22 | 253.54 | 324.04 | 263.44 | 285.46 | 282.41 | – |
| 20 | 238.44 | 336.67 | 285.47 | 245.16 | 264.84 | 336.16 | 268.42 | 293.66 | 292.17 | – |
| 21 | 238.47 | 326.64 | 276.69 | 236.74 | 253.34 | 327.56 | 265.23 | 287.48 | 284.71 | – |
| 22 | 238.50 | 303.80 | 260.09 | 224.52 | 235.65 | 309.92 | 258.57 | 276.30 | 271.16 | – |
| 23 | 238.53 | 303.98 | 261.42 | 222.30 | 234.57 | 302.45 | 258.86 | 275.34 | 269.56 | – |
| 24 | 238.61 | 292.69 | 252.45 | 215.33 | 220.52 | 291.36 | 255.47 | 268.76 | 261.34 | – |
| 27 | 238.64 | 281.89 | 243.86 | 207.91 | 209.13 | 279.18 | 251.96 | 262.26 | 253.39 | – |
| 28 | 238.67 | 310.07 | 268.86 | 225.90 | 228.96 | 294.94 | 261.72 | 276.82 | 270.46 | – |
| 29 | 238.70 | 309.90 | 267.71 | 227.73 | 234.36 | 302.43 | 261.48 | 278.30 | 272.89 | – |
| 30 | 238.72 | 318.27 | 275.53 | 235.32 | 245.84 | 314.26 | 264.47 | 284.52 | 280.71 | – |
| 31 | 238.75 | 324.15 | 280.49 | 240.38 | 247.05 | 326.16 | 266.47 | 288.23 | 285.50 | – |
| October Fund Performance (in percentages) | ||||||||||
| 0.35% | -21.43% | -17.75% | -17.13% | -24.15% | -21.62% | -7.42% | -12.86% | -16.01% | – | |
Manager Changes in September
Thursday, October 9th, 2008The following manager changes took place in September 2008. In the Stable Value Option, the Dreyfus Govt. Money Market Fund was replaced with the Dreyfus Cash Management Fund. The Value Stock Option was rebalanced to decrease the target allocation of JP Morgan Large Cap Value from 20 percent to 15 percent. As a result, T. Rowe Price Value was increased from a 15 percent to 20 percent allocation. A new fund, Brown Capital Mgmt. Small Co. Instl. was added to the Diversified Small Co. Stock Option. This new fund was given a 10 percent allocation in the option while iShares Morningstar Small Cap Growth Index was reduced from a 15 percent to 5 percent allocation. These recent manager changes are shown in the tables below:
| Allocation | ||
| Stable Value Option Managers | Before | Current |
| CD’s | 5% | 5% |
| Dreyfus Cash Management Fund | 0% | 10% |
| Dreyfus Govt. Money Market | 10% | 0% |
| Invesco Interest Income | 45% | 45% |
| Wellington Core Bonds – separately managed | 40% | 40% |
| Allocation | ||
| Value Stock Option Managers | Before | Current |
| JP Morgan Large cap Value – Commingled Fund | 20% | 15% |
| Neuberger Berman Partenres (nbptx) | 20% | 20% |
| CGM Focus (cgmfx) | 10% | 10% |
| Goldman Sachs Mid Cap Value Instl. (gsmcx) | 15% | 15% |
| T. Rowe Price Value (pavlx) | 15% | 20% |
| BGI Value Index – separately managed | 20% | 20% |
| 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% |
| Brown Capital Mgmt. Small Co. Instl. | 0% | 10% |
| Morgan Stanley US Small Cap Value Instl. (mpscx) | 10% | 10% |
| iShares Morningstar Small Growth Index (jkk) | 15% | 5% |
| BGI Small Company Index – separately managed | 30% | 30% |