Archive for April, 2014

2014 March YTD Performance

Wednesday, April 23rd, 2014
Fixed  Income Large Cap Value Large Cap Growth Foreign Small Company Portfolio
Morningstar Averages for the Universe n/a 2.29% 0.67% 0.54% 1.43% n/a
Stable Value Option 0.53%
Wellington Core 0.74%
PRIMCO GIC 0.50%
Cash 0.20%
BlackRock Instl. Money Market Fund 0.03%
Benchmark
BC 1-3 yr. Govt./Treas. 0.14%
Equity Index Option (BlackRock US Equity Index) 1.92%
Benchmark
Russell 3000 1.97%
Value Stock Option 3.09%
JP Morgan Equity Income 2.54%
T. Rowe Price Value 3.59%
Goldman Sachs Mid Value Instl. 3.78%
Neuberger Berman Large Cap Value 3.09%
Sequoia 2.30%
BlackRock Value Index 2.89%
Benchmark
Russell Price Driven (1000 Value) 3.02%
Growth Stock Option 0.95%
Marsico Focus -0.49%
Wellington Mid Cap Opportunities 3.78%
Primecap Odyssey Growth 4.28%
T. Rowe Price Growth Stock -1.29%
Broad Run Mid Cap Growth -1.67%
BlackRock Growth Index 1.04%
Benchmark
Russell Earnings Growth (1000 Growth) 1.12%
International Stock Option 0.17%
American Century Intl. Growth 0.03%
Templeton Instl. Foreign 1.54%
Thornburg Intl Value -4.62%
DFA Emerging Markets Value -0.69%
TCW International Small Cap 0.66%
MFS International Value 1.07%
Brandes International Small Cap Equity 5.73%
BlackRock ACWI ex-US IMI Index 0.94%
Benchmark
MSCI ACWI Ex-US IMI (net) 0.87%
Diversified Small Company Stock Option 0.00%
DFA U.S. Micro Cap Portfolio 0.57%
Royce Opportunity 3.54%
Brown Capital Mgmt. Small. Co. Instl. -1.92%
Buffalo Small Cap -3.48%
Deutsche Small Cap Value Separate Account -0.99%
Mutual of America Disciplined Small Cap Value 0.65%
Walthausen Small Cap Value 0.37%
BlackRock Small Company Index 1.27%
Benchmark
Russell 2000 Total 1.12%
Retirement Model Portfolio 0.78%
Benchmark
Retirement Composite Index 0.50%
Conservative Model Portfolio 1.34%
Benchmark
Conservative Composite Index 1.08%
Moderate Model Portfolio 1.14%
Benchmark
Moderate Composite Index 1.16%
Aggressive Model Portfolio 1.05%
Benchmark
Aggressive Composite Index 1.30%

DAP Board of Directors Welcomes Jim Rich, Former Chief Investment Strategist – IBM Retirement Funds

Tuesday, April 15th, 2014

The Directed Account Plan Board of Directors is made up of three outside board members, two plan sponsor board members and two participant board members. One of the outside board member seats had been vacant and after conducting an extensive search, we are happy to announce that Jim Rich has been appointed to this position. Mr. Rich has recently retired from a career at IBM spanning over 24 years. Mr. Rich served as IBM Retirement Fund’s Chief Investment Strategist for over 19 years leading in the development of the strategic and tactical asset allocation for a $55 billion defined benefit plan and consulting on the defined benefit and defined contribution stragies of the plan’s $40 billion overseas retirement plans. Mr. Rich will make a strong contribution to the DAP Board with his high level investment management background and his keen interest in serving the Directed Account Plan’s participants.

April 2014 Heads Up newsletter is now available

Tuesday, April 15th, 2014

The April 2014 Heads Up newsletter is now available online. This newsletter contains an article titled, Capturing the Benefits of Risk-Adjusted Return” along with Plan News and Performance. Click Here to read your latest newsletter.

April 2014

Wednesday, April 2nd, 2014
Stable Value Value Stock Equity Index Growth Stock Intl. Stock Div. Small Co.Stock Retirement Portfolio Conserv Portfolio Moderate Portfolio Aggressive Portfolio
01  283.02  699.99  634.34  575.45  496.27  862.01  121.59  415.24  538.69  592.04
02  283.03  702.47  636.25  576.35  497.82  866.23  121.67  415.81  539.79  593.62
03  283.05  701.53  634.70  572.05  496.50  857.64  121.62  415.50  538.22  591.22
04  283.10  693.66  625.91  558.60  495.10  837.59  121.38  413.45  532.93  583.97
07  283.11  682.99  618.44  551.42  492.83  824.22  121.12  411.20  528.65  578.24
08  283.13  685.59  621.32  554.66  492.99  830.80  121.21  411.91  530.22  580.41
09  283.14  693.12  628.48  565.21  497.75  842.44  121.48  413.76  534.74  586.48
10  283.16  678.81  614.84  547.87  492.09  820.11  121.02  410.27  526.89  575.94
11  283.21  670.93  608.54  540.07  488.71  809.50  120.81  408.54  523.08  570.79
14  283.22  674.82  613.01  543.82  489.40  813.37  120.94  409.61  524.96  573.16
15  283.24  679.49  616.95  547.19  486.03  816.29  121.02  410.70  526.32  574.66
16  283.26  686.64  623.62  555.55  491.24  824.28  121.28  412.45  530.27  579.84
17  283.32  688.29  624.79  556.36  493.07  829.80  121.37  412.85  531.32  581.46
18    Good Friday – Market Closed
21  283.34  690.97  627.21  559.42  493.05  832.72  121.44  413.51  532.57  583.03
22  283.35  696.01  630.55  565.02  495.80  839.12  121.59  414.56  535.09  586.39
23  283.37  695.85  628.86  561.48  494.92  834.39  121.55  414.34  533.98  584.78
24  283.39  695.61  629.59  560.56  495.21  831.44  121.57  414.42  533.77  584.35
25  283.43  690.08  623.57  550.69  492.16  816.42  121.39  413.01  529.71  578.66
28  283.45  690.17  624.68  548.73  491.71  811.84  121.41  413.18  529.25  577.81
29  283.47  693.97  627.75  553.89  494.94  813.55  121.55  414.05  531.28  580.33
30  283.48  695.97  629.99  555.98  495.50  817.38  121.62  414.60  532.42  581.87
April Fund Performance (in percentages)
 0.17%  0.01%  0.12%  -2.10%  0.41%  -3.74%  0.17%  0.13%  -0.56%  -0.94%