Author Archive

November 2003

Saturday, November 22nd, 2003
Day Stable Value Value Stock Equity Index Growth Stock Intl. Stock Div. Small Co. Stock Conserv. Portfolio Moderate Portfolio Aggressive Portfolio Retirement Portfolio
03 186.57 309.68 277.45 239.84 210.98 334.49 223.14 252.74 258.17
04 186.59 308.85 276.13 238.60 211.86 334.80 222.81 252.40 257.91
05 186.61 308.56 275.93 239.18 210.67 335.11 222.74 252.32 257.76
06 186.64 310.17 277.65 240.58 209.09 337.72 223.30 253.00 258.55
07 186.70 309.92 276.73 239.53 211.50 337.81 223.15 253.03 258.72
10 186.73 307.90 274.70 236.53 210.87 332.76 222.51 251.51 256.76
11 186.75 307.33 274.19 235.86 208.47 330.80 222.36 250.79 255.72
12 186.77 310.67 277.95 240.16 211.16 337.01 223.52 253.30 258.91
13 186.79 310.70 278.15 240.43 212.43 337.71 223.57 253.62 259.35
14 186.85 308.00 275.81 236.99 211.78 333.43 222.80 251.98 257.32
17 186.87 305.76 273.98 234.60 207.45 329.53 222.16 250.17 254.94
18 186.90 302.79 271.45 231.48 208.26 327.05 221.29 248.84 253.46
19 186.92 304.51 273.58 233.04 207.12 328.81 221.93 249.61 254.30
20 186.94 302.66 271.44 231.18 206.54 327.11 221.30 248.58 253.08
21 187.00 303.69 271.95 231.97 206.96 328.16 221.59 249.08 253.68
24 187.03 308.47 276.61 237.37 207.94 335.24 223.13 251.93 257.16
25 187.05 310.54 277.32 237.65 209.26 337.05 223.59 252.66 258.11
26 187.09 312.50 278.54 238.71 211.43 338.25 224.12 253.65 259.33
27 Market Closed – Holiday
28 187.16 312.87 278.63 239.46 212.27 339.14 224.24 254.05 259.84
November Fund Performance (in percentages)
0.35% 1.98% 1.35% 0.96% 1.23% 3.07% 0.91% 1.24% 1.56%

2003 October

Tuesday, October 28th, 2003
Fixed  Income Large
Cap Value
Large
Cap Growth
Foreign Small
Company
Portfolio
             
Morningstar
Averages for the Universe
n/a 19.50% 23.98% 26.75% 34.97% n/a
             
Stable
Value Option
3.87%          
Wellington
Core
2.98%          
PRIMCO
GIC
4.11%          
Cash 0.96%          
BGI
– Money Market Index
1.02%          
             
Benchmark            
LB
1-3 yr. Govt./Treas.
1.44%          
             
Equity
Index Option (BGI – US Equity Index)
    23.23%      
             
Benchmark            
Russell
3000
    23.62%      
             
Value
Stock Option
  26.85%        
Federated
Stock Trust
  18.10%        
Morgan
Value (separately managed)
  25.07%        
Neuberger
Berman Focus Tr
  59.12%        
Legg
Mason Spec. Invmt. Trust
  49.15%        
Neuberger
Berman Regency
  27.27%        
T.
Rowe Price Value
  20.57%        
BGI
– Value Index
  16.31%        
             
Benchmark            
Russell
Price Driven (1000 Value)
  20.84%        
             
Growth
Stock Option
    34.16%      
Turner
Mid Cap Growth
    46.02%      
TCW
Galileo Select Equities I
    47.31%      
Marsico
Focus
    28.51%      
BGI
– Growth Index
    23.61%      
             
Benchmark            
Russell
Earnings Growth (1000 Growth)
    24.11%      
             
International
Stock Option
      30.78%    
Amer
Cent-20th Cent. Int’l Discovery
      43.55%    
Amer
Cent-20th Cent. Int’l Growth
      17.40%    
Templeton
Instl. Foreign
      30.20%    
First
Eagle Overseas I
      31.91%    
Longleaf
Partners Intl.
      33.80%    
             
Benchmark            
MSCI
All Country World Free Ex US
      28.58%    
             
Diversified
Small Company Stock Option
        36.69%  
MFS
Instl. Emerging Equities
        34.12%  
Royce
Opportunity
        60.92%  
Dimensional
U.S. Micro Cap Portfolio
        49.94%  
State
Street Aurora
        36.32%  
Janus
Small Cap Value Instl.
        26.30%  
Franklin
Small Cap Growth II
        41.78%  
BGI
– Small Company Index
        26.69%  
             
Benchmark            
Russell
2000 Total
        39.38%  
             
Conservative
Model Portfolio
          11.87%
             
Benchmark            
Conservative
Composite Index
          9.76%
             
Moderate
Model Portfolio
          20.80%
             
Benchmark            
Moderate
Composite Index
          17.59%
             
Aggressive
Model Portfolio
          25.03%
             
Benchmark            
Aggressive
Composite Index
          22.74%

October 2003

Wednesday, October 22nd, 2003
Day Stable Value Value Stock Equity Index Growth Stock Intl. Stock Div. Small Co. Stock Conserv. Portfolio Moderate Portfolio Aggressive Portfolio Retirement Portfolio
01 185.82 292.70 265.02 224.50 199.29 309.40 217.88 242.42 245.23
02 185.84 293.98 265.83 225.67 201.14 311.08 218.24 243.28 246.34
03 185.91 296.95 268.56 229.14 203.73 316.70 219.20 245.43 249.10
06 185.93 298.75 269.78 230.11 204.03 319.02 219.70 246.23 250.10
07 185.95 300.19 271.20 231.68 204.83 321.31 220.18 247.17 251.27
08 185.97 299.24 269.78 230.86 205.06 319.31 219.81 246.59 250.54
09 186.00 301.26 271.20 233.39 206.40 322.28 220.38 247.90 252.16
10 186.06 301.57 271.09 233.59 208.25 321.61 220.47 248.17 252.48
13 186.09 304.46 273.22 235.63 208.94 325.98 221.29 249.62 254.33
14 186.11 305.87 274.33 236.68 209.71 328.36 221.71 250.44 255.38
15 186.13 304.47 273.42 235.32 209.88 326.76 221.36 249.81 254.63
16 186.16 305.58 274.33 236.56 211.02 328.02 221.70 250.54 255.53
17 186.22 302.34 271.28 232.98 210.74 323.24 220.73 248.72 253.30
20 186.25 303.07 272.60 234.06 210.92 324.20 221.08 249.28 253.94
21 186.27 303.39 273.10 235.68 210.98 326.36 221.22 249.86 254.69
22 186.29 298.90 268.94 231.21 209.83 319.88 219.85 247.32 251.55
23 186.32 299.82 269.55 230.82 205.34 317.62 220.11 246.68 250.44
24 186.38 298.80 268.43 230.28 206.35 315.60 219.80 246.30 249.95
27 186.40 300.38 269.54 231.84 207.35 319.71 220.26 247.40 251.43
28 186.43 305.06 273.70 236.64 208.97 326.13 221.70 250.10 254.75
29 186.45 306.38 274.41 237.49 210.48 329.50 222.04 250.99 256.01
30 186.47 305.96 274.11 237.05 210.52 329.59 221.94 250.85 255.87
31 186.50 306.79 274.92 237.18 209.70 329.03 222.22 250.94 255.86
October Fund Performance (in percentages)
0.38% 6.91% 6.01% 8.14% 6.90% 8.78% 2.87% 4.96% 6.10%

New Manager in the Growth Stock Option

Thursday, October 2nd, 2003

The Wellington Mid Cap Opportunities Fund was added to the Growth Stock Option this month. This Fund is an institutional commingled fund (not a mutual fund). You can find out more information about this new Fund by clicking here. The assets have been reallocated to the Growth Stock Option as follows:

Wellington Mid Cap Opportunities 20%
Turner Mid Cap Growth 20%
TCW Galileo Select Equity I 20%
Marsico Focus 20%
BGI – Growth Index 20%
Total 100%

Wellington Mid Cap Opportunities was added to increase exposure to Mid Cap Growth.

2003 September

Sunday, September 28th, 2003
Fixed  Income Large
Cap Value
Large
Cap Growth
Foreign Small
Company
Portfolio
             
Morningstar
Averages for the Universe
n/a 13.60% 16.58% 19.09% 24.90% n/a
             
Stable
Value Option
3.47%          
Wellington
Core
3.89%          
PRIMCO
GIC
3.66%          
Cash 0.87%          
BGI
– Money Market Index
0.93%          
             
Benchmark            
LB
1-3 yr. Govt./Treas.
1.86%          
             
Equity
Index Option (BGI – US Equity Index)
    16.24%      
             
Benchmark            
Russell
3000
    16.57%      
             
Value
Stock Option
  18.65%        
Federated
Stock Trust
  11.59%        
Morgan
Value (separately managed)
  17.43%        
Neuberger
Berman Focus Tr
  46.36%        
Legg
Mason Spec. Invmt. Trust
  36.94%        
Neuberger
Berman Regency
  18.29%        
T.
Rowe Price Value
  13.50%        
BGI
– Value Index
  9.51%        
             
Benchmark            
Russell
Price Driven (1000 Value)
  13.87%        
             
Growth
Stock Option
    24.06%      
Turner
Mid Cap Growth
    32.83%      
TCW
Galileo Select Equities I
    34.92%      
Marsico
Focus
    19.06%      
BGI
– Growth Index
    16.85%      
             
Benchmark            
Russell
Earnings Growth (1000 Growth)
    17.51%      
             
International
Stock Option
      22.33%    
Amer
Cent-20th Cent. Int’l Discovery
      31.87%    
Amer
Cent-20th Cent. Int’l Growth
      10.03%    
Templeton
Instl. Foreign
      21.00%    
First
Eagle Overseas I
      26.95%    
Longleaf
Partners Intl.
      27.88%    
             
Benchmark            
MSCI
All Country World Free Ex US
      20.75%    
             
Diversified
Small Company Stock Option
        25.65%  
MFS
Instl. Emerging Equities
        23.92%  
Royce
Opportunity
        44.23%  
Dimensional
U.S. Micro Cap Portfolio
        37.63%  
State
Street Aurora
        25.40%  
Janus
Small Cap Value Instl.
        19.47%  
Franklin
Small Cap Growth II
        26.74%  
BGI
– Small Company Index
        18.66%  
             
Benchmark            
Russell
2000 Total
        28.58%  
             
Conservative
Model Portfolio
          8.75%
             
Benchmark            
Conservative
Composite Index
          7.20%
             
Moderate
Model Portfolio
          15.09%
             
Benchmark            
Moderate
Composite Index
          12.78%
             
Aggressive
Model Portfolio
          17.84%
             
Benchmark            
Aggressive
Composite Index
          16.39%

September 2003

Monday, September 22nd, 2003
Day Stable Value Value Stock Equity Index Growth Stock Intl. Stock Div. Small Co. Stock Conserv. Portfolio Moderate Portfolio Aggressive Portfolio Retirement Portfolio
01 Market Closed – Holiday
02 185.15 293.61 265.97 226.33 195.15 315.32 217.73 242.63 245.78
03 185.17 294.28 267.19 226.43 196.91 316.87 218.05 243.26 246.65
04 185.19 294.56 267.69 227.86 196.36 318.29 218.19 243.66 247.12
05 185.26 293.05 266.06 226.51 196.87 316.37 217.73 242.97 246.29
08 185.28 295.90 268.91 229.33 197.63 320.59 218.67 244.64 248.34
09 185.31 293.85 266.87 227.38 198.26 318.17 218.02 243.67 247.22
10 185.33 289.25 263.22 223.37 196.06 310.87 216.71 241.05 243.86
11 185.35 290.54 264.84 225.10 195.39 313.43 217.20 241.85 244.82
12 185.42 291.49 265.45 225.62 196.48 314.44 217.50 242.39 245.51
15 185.45 290.23 264.43 224.73 196.54 313.59 217.15 241.90 244.94
16 185.47 294.22 268.18 228.79 198.64 318.32 218.41 244.26 247.81
17 185.49 294.15 267.47 228.50 199.65 317.77 218.30 244.21 247.77
18 185.52 298.27 270.82 231.37 200.53 320.56 219.52 246.00 249.85
19 185.59 297.91 270.11 230.41 200.82 320.51 219.39 245.77 249.62
22 185.61 294.29 266.65 227.18 198.64 316.47 218.27 243.71 247.08
23 185.63 295.82 268.38 229.73 198.53 319.83 218.81 244.83 248.46
24 185.66 291.10 263.30 223.93 198.01 313.12 217.24 241.98 245.03
25 185.68 288.69 261.17 221.98 196.79 306.75 216.52 240.38 242.84
26 185.75 286.13 259.23 219.46 195.78 301.37 215.85 238.82 240.78
29 185.77 289.02 261.87 222.40 196.55 305.47 216.75 240.48 242.81
30 185.79 286.97 259.33 219.32 196.16 302.47 216.03 239.08 241.14
September Fund Performance (in percentages)
0.37% -1.02% -1.10% -1.82% 1.65% -2.58% -0.22% -0.58% -0.80%

2003 August

Thursday, August 28th, 2003
Fixed  Income Large
Cap Value
Large
Cap Growth
Foreign Small
Company
Portfolio
             
Morningstar
Averages for the Universe
n/a 14.82% 18.73% 16.64% 27.45% n/a
             
Stable
Value Option
3.09%          
Wellington
Core
1.10%          
PRIMCO
GIC
3.23%          
Cash 0.79%          
BGI
– Money Market Index
0.84%          
             
Benchmark            
LB
1-3 yr. Govt./Treas.
0.84%          
             
Equity
Index Option (BGI – US Equity Index)
    17.53%      
             
Benchmark            
Russell
3000
    17.85%      
             
Value
Stock Option
  19.88%        
Federated
Stock Trust
  13.16%        
Morgan
Value (separately managed)
  17.66%        
Neuberger
Berman Focus Tr
  47.79%        
Legg
Mason Spec. Invmt. Trust
  38.80%        
Neuberger
Berman Regency
  19.08%        
T.
Rowe Price Value
  15.55%        
BGI
– Value Index
  10.70%        
             
Benchmark            
Russell
Price Driven (1000 Value)
  14.99%        
             
Growth
Stock Option
    26.36%      
Turner
Mid Cap Growth
    36.85%      
TCW
Galileo Select Equities I
    38.73%      
Marsico
Focus
    21.27%      
BGI
– Growth Index
    18.17%      
             
Benchmark            
Russell
Earnings Growth (1000 Growth)
    18.78%      
             
International
Stock Option
      20.34%    
Amer
Cent-20th Cent. Int’l Discovery
      27.38%    
Amer
Cent-20th Cent. Int’l Growth
      10.03%    
Templeton
Instl. Foreign
      20.18%    
First
Eagle Overseas I
      21.77%    
Longleaf
Partners Intl.
      28.28%    
             
Benchmark            
MSCI
All Country World Free Ex US
      17.46%    
             
Diversified
Small Company Stock Option
        28.98%  
MFS
Instl. Emerging Equities
        28.54%  
Royce
Opportunity
        45.32%  
DFA
U.S. Micro Cap Portfolio
        37.51%  
State
Street Aurora
        30.01%  
Janus
Small Cap Value Instl.
        22.67%  
Franklin
Small Cap Growth II
        33.70%  
BGI
– Small Company Index
        20.51%  
             
Benchmark            
Russell
2000 Total
        31.00%  
             
Conservative
Model Portfolio
          8.99%
             
Benchmark            
Conservative
Composite Index
          7.07%
             
Moderate
Model Portfolio
          15.76%
             
Benchmark            
Moderate
Composite Index
          12.88%
             
Aggressive
Model Portfolio
          18.79%
             
Benchmark            
Aggressive
Composite Index
          16.73%

August 2003

Friday, August 22nd, 2003
Day Stable Value Value Stock Equity Index Growth Stock Intl. Stock Div. Small Co. Stock Conserv. Portfolio Moderate Portfolio Aggressive Portfolio Retirement Portfolio
01 184.48 277.96 253.82 213.31 184.97 289.56 212.80 233.08 233.66
04 184.50 278.02 254.13 213.20 184.91 288.81 212.87 233.05 233.56
05 184.53 273.45 249.76 208.94 184.77 284.33 211.45 230.80 230.94
06 184.55 274.06 249.86 207.65 182.81 282.90 211.57 230.31 230.21
07 184.57 275.64 251.38 208.78 183.33 283.06 212.09 230.98 230.93
08 184.64 277.27 252.19 208.82 183.85 282.75 212.53 231.37 231.32
11 184.66 278.13 253.20 210.14 185.34 285.59 212.84 232.28 232.54
12 184.68 281.65 255.84 212.98 186.32 289.72 213.85 234.03 234.68
13 184.70 280.72 254.52 212.24 187.78 290.61 213.50 233.89 234.70
14 184.72 282.77 256.15 213.37 188.96 292.60 214.10 234.88 235.92
15 184.79 282.68 256.45 213.95 189.39 293.25 214.18 235.15 236.26
18 184.81 284.80 258.98 217.58 190.13 298.70 214.95 236.92 238.51
19 184.83 286.45 260.00 218.91 191.28 302.71 215.39 237.99 239.95
20 184.85 286.40 259.59 218.98 191.82 303.42 215.34 238.08 240.13
21 184.87 287.74 260.71 221.08 192.29 307.13 215.75 239.14 241.49
22 184.94 284.38 257.96 219.39 191.87 303.04 214.81 237.70 239.69
25 184.96 283.83 257.86 219.09 190.88 302.12 214.72 237.37 239.21
26 184.99 284.68 258.67 219.51 189.77 303.18 215.01 237.60 239.46
27 185.01 285.52 259.07 220.36 190.49 305.58 215.22 238.21 240.30
28 185.03 287.62 260.90 222.02 191.19 308.94 215.87 239.30 241.78
29 185.10 289.94 262.22 223.39 192.97 310.47 216.50 240.47 243.09
August Fund Performance (in percentages)
0.37% 3.27% 2.20% 3.74% 4.40% 5.96% 1.33% 2.60% 3.34%

2003 July

Monday, July 28th, 2003
Fixed  Income Large
Cap Value
Large
Cap Growth
Foreign Small
Company
Portfolio
             
Morningstar
Averages for the Universe
n/a 12.45% 15.77% 13.05% 21.73% n/a
             
Stable
Value Option
2.70%          
Wellington
Core
0.41%          
PRIMCO
GIC
2.81%          
Cash 0.70%          
BGI
– Money Market Index
0.74%          
             
Benchmark            
LB
1-3 yr. Govt./Treas.
0.79%          
             
Equity
Index Option (BGI – US Equity Index)
    15.00%      
             
Benchmark            
Russell
3000
    15.29%      
             
Value
Stock Option
  16.09%        
Federated
Stock Trust
  11.57%        
Morgan
Value (separately managed)
  15.54%        
Neuberger
Berman Focus Tr
  33.42%        
Legg
Mason Spec. Invmt. Trust
  31.60%        
Neuberger
Berman Regency
  16.16%        
T.
Rowe Price Value
  11.70%        
BGI
– Value Index
  8.94%        
             
Benchmark            
Russell
Price Driven (1000 Value)
  13.23%        
             
Growth
Stock Option
    21.81%      
Turner
Mid Cap Growth
    29.10%      
TCW
Galileo Select Equities I
    31.37%      
Marsico
Focus
    18.98%      
BGI
– Growth Index
    15.36%      
             
Benchmark            
Russell
Earnings Growth (1000 Growth)
    15.90%      
             
International
Stock Option
      15.27%    
Amer
Cent-20th Cent. Int’l Discovery
      19.30%    
Amer
Cent-20th Cent. Int’l Growth
      7.84%    
Templeton
Instl. Foreign
      15.70%    
First
Eagle Overseas I
      16.89%    
Longleaf
Partners Intl.
      22.47%    
             
Benchmark            
MSCI
All Country World Free Ex US
      14.06%    
             
Diversified
Small Company Stock Option
        21.72%  
MFS
Instl. Emerging Equities
        19.37%  
Royce
Opportunity
        35.82%  
DFA
U.S. Micro Cap Portfolio
        31.30%  
State
Street Aurora
        21.88%  
Janus
Small Cap Value Instl.
        16.83%  
Franklin
Small Cap Growth II
        21.73%  
BGI
– Small Company Index
        17.17%  
             
Benchmark            
Russell
2000 Total
        25.26%  
             
Conservative
Model Portfolio
          7.55%
             
Benchmark            
Conservative
Composite Index
          6.18%
             
Moderate
Model Portfolio
          12.83%
             
Benchmark            
Moderate
Composite Index
          10.87%
             
Aggressive
Model Portfolio
          14.95%
             
Benchmark            
Aggressive
Composite Index
          13.98%

July 2003

Tuesday, July 22nd, 2003
Day Stable Value Value Stock Equity Index Growth Stock Intl. Stock Div. Small Co. Stock Conserv. Portfolio Moderate Portfolio Aggressive Portfolio Retirement Portfolio
01 183.73 277.38 252.75 208.70 177.99 279.09 212.01 229.96 229.42
02 183.75 280.45 256.00 212.24 180.96 284.69 213.05 232.24 232.34
03 183.84 278.59 254.07 210.74 181.70 282.91 212.50 231.49 231.47
04 Market Closed – Holiday
07 183.87 283.90 258.94 216.52 183.95 288.80 214.16 234.56 235.16
08 183.89 285.79 260.25 218.53 183.67 292.88 214.69 235.63 236.52
09 183.91 285.03 259.24 217.96 183.31 294.34 214.41 235.39 236.37
10 183.93 280.37 255.58 214.74 181.98 289.75 213.09 233.24 233.75
11 184.00 282.92 258.01 216.18 182.00 291.86 213.94 234.33 235.00
14 184.02 285.87 259.84 218.22 184.55 294.58 214.72 235.85 236.91
15 184.05 284.58 258.82 217.94 183.32 293.68 214.37 235.28 236.18
16 184.07 282.58 257.20 216.57 182.88 291.70 213.80 234.37 235.08
17 184.09 277.81 253.54 212.33 180.27 284.79 212.46 231.67 231.65
18 184.16 281.34 256.38 213.87 181.41 287.73 213.53 233.17 233.45
21 184.18 277.87 252.72 211.17 181.07 283.22 212.40 231.39 231.28
22 184.21 280.36 255.16 212.85 181.21 287.04 213.21 232.65 232.85
23 184.23 280.58 255.46 214.48 182.95 288.17 213.31 233.33 233.72
24 184.25 278.87 253.84 213.10 184.76 287.37 212.79 232.85 233.29
25 184.32 282.85 257.79 216.34 185.92 290.27 214.11 234.84 235.58
28 184.35 282.91 257.59 216.68 187.15 292.42 214.11 235.23 236.21
29 184.37 280.83 256.17 215.16 186.41 291.44 213.56 234.36 235.21
30 184.39 279.98 255.76 214.46 185.15 291.14 213.37 233.90 234.64
31 184.41 280.77 256.57 215.34 184.84 293.00 213.65 234.38 235.24
July Fund Performance (in percentages)
0.38% 1.88% 2.29% 4.05% 3.80% 5.43% 1.07% 2.32% 2.96%