Author Archive
Monday, February 24th, 2003
Total Plan Assets on 12-31-2002 $1,026,732,564.00 |
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Total Trust, Administrative, and Investment Manager Cost $5,061,875.00 |
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Hewitt Associates (our record keeper) reported that in a study of 8 clients with an average plan size of |
40,000 plus participants, the following range of costs were experienced: |
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Trustee Cost = 5% to 15% of Total Plan Cost |
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Admin Cost = 20% to 35% of Total Plan Cost |
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Investment Cost = 70% to 85% of Total Plan Cost |
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Applying the above range to our asset base provides the following comparison |
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Trust Cost Range (.05 – .15 x 5,061,875) 5% to 15% |
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253,094 to 759,281 |
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DAP Trust Cost = $485,073 or 9.6% |
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Admin Cost Range (.20 – .35 x 5,061,875) 20% to 35% |
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1,012,375 to 1,771,656 |
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DAP Admin Cost = $1,422,902 or 28.11% |
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Investment Cost Range (.70 – .85 x 5,061,875) 70% to 85% |
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3,543,3313 to 4,302,594 |
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DAP Investment Cost = $3,153,900 or 62.3% |
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The Directed Account Plan expenses fall into the lower range of expenses experienced by the larger |
plans as reported by Hewitt. In addition, our actual costs in 2002 were further reduced by participant |
transfer fees and mutual fund administrative fee offsets by $749,817 or 14.8%. |
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The Directed Account Plan expenses continue to be very competitive relative to other plans. |
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2002 Expense Overview |
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Total Assets (12/31/02) |
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$1,026,732,564 |
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Total * Operating Expenses |
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1,642,075 |
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Recordkeeping (Benefits Express) |
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Trustee |
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Administration |
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Personnel |
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Communication |
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Operating Expenses * as a percent of assets |
16 |
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Approximate **net *** investment manager fees |
28 |
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Other Mutual Fund Expenses **** |
9 |
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Total Plan Fees and Expenses as a percent of assets |
53 |
basis points |
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* Net of transfer fees |
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** Mutual Fund Investment Management Fee Avg. |
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*** After Administrative Offsets |
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**** Includes Mutual Fund Transaction Fees, 12b-1 Fees, Administrative Fees, and all other |
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Asset-based costs incurred by the funds. Does not include transaction costs of participant |
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activity, which is reflected in each BGI NAV lowering BGI fund performance. |
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Expense Ratio |
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Morningstar |
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Option |
Average |
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(Basis Points) |
(Basis Points) |
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Stable Value |
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30 |
n/a |
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Value Stock |
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93 |
104 LV, 125 MV |
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Equity Index |
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22 |
n/a |
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Growth Stock |
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73 |
114 LG, 121 MG |
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International Stock |
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135 |
114 |
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Diversified Small Co. Stock |
94 |
116 |
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Models: |
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Conservative |
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41 |
n/a |
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Moderate |
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61 |
n/a |
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Aggressive |
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73 |
n/a |
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Posted in News | Comments Off on 2002 Plan Expense Overview
Saturday, February 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 |
180.31 |
237.06 |
218.38 |
174.53 |
157.57 |
234.94 |
197.60 |
205.60 |
201.65 |
– |
04 |
180.36 |
233.64 |
215.54 |
172.02 |
156.64 |
233.84 |
196.62 |
204.22 |
200.03 |
– |
05 |
180.36 |
232.77 |
214.52 |
171.47 |
156.36 |
233.25 |
196.31 |
203.81 |
199.54 |
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06 |
180.40 |
230.44 |
213.20 |
170.74 |
155.05 |
231.58 |
195.75 |
202.92 |
198.39 |
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07 |
180.48 |
228.03 |
210.96 |
169.06 |
153.90 |
228.32 |
195.05 |
201.58 |
196.74 |
– |
10 |
180.47 |
229.47 |
212.48 |
170.62 |
152.63 |
229.56 |
195.53 |
202.20 |
197.37 |
– |
11 |
180.50 |
227.54 |
210.86 |
169.90 |
153.71 |
228.24 |
194.98 |
201.63 |
196.74 |
– |
12 |
180.54 |
224.15 |
208.21 |
167.69 |
152.80 |
225.41 |
194.03 |
200.06 |
194.91 |
– |
13 |
180.59 |
223.50 |
207.80 |
166.43 |
152.68 |
224.36 |
193.90 |
199.60 |
194.37 |
– |
14 |
180.65 |
227.45 |
211.76 |
170.25 |
153.43 |
227.18 |
195.21 |
201.71 |
196.69 |
– |
17 |
Market Closed – Holiday |
18 |
180.67 |
232.25 |
216.03 |
174.34 |
155.06 |
231.15 |
196.68 |
204.24 |
199.56 |
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19 |
180.71 |
230.32 |
214.51 |
173.36 |
154.36 |
228.69 |
196.16 |
203.30 |
198.39 |
– |
20 |
180.75 |
228.44 |
212.68 |
172.30 |
154.24 |
228.60 |
195.59 |
202.62 |
197.68 |
– |
21 |
180.80 |
231.22 |
215.52 |
174.57 |
153.88 |
230.89 |
196.53 |
203.95 |
199.15 |
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24 |
180.85 |
226.91 |
211.65 |
171.35 |
153.50 |
227.35 |
195.25 |
201.93 |
196.85 |
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25 |
180.88 |
228.36 |
213.18 |
172.46 |
150.61 |
228.48 |
195.75 |
202.26 |
197.11 |
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26 |
180.92 |
225.81 |
210.53 |
170.05 |
150.23 |
226.44 |
194.94 |
200.92 |
195.61 |
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27 |
180.94 |
228.53 |
213.07 |
172.35 |
150.53 |
228.43 |
195.80 |
202.26 |
197.10 |
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28 |
180.99 |
229.56 |
213.99 |
173.71 |
151.80 |
228.86 |
196.14 |
202.99 |
197.90 |
– |
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February Fund Performance (in percentages) |
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0.41% |
-2.93% |
-1.65% |
-0.34% |
-2.79% |
-2.87% |
-0.60% |
-1.10% |
-1.67% |
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Posted in Daily NAVs | Comments Off on February 2003
Tuesday, January 28th, 2003
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Fixed Income |
Large
Cap Value |
Large
Cap Growth |
Foreign |
Small
Company |
Portfolio |
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Morningstar
Averages for the Universe |
n/a |
-2.57% |
-2.22% |
-3.48% |
-2.81% |
n/a |
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Stable
Value Option |
0.38% |
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Wellington
Core |
0.09% |
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PRIMCO
GIC |
0.44% |
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Cash |
0.11% |
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BGI
– Money Market Index |
0.12% |
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Benchmark |
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LB
1-3 yr. Govt./Treas. |
0.02% |
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Equity
Index Option (BGI – US Equity Index) |
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-2.48% |
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Benchmark |
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Russell
3000 |
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-2.45% |
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Value
Stock Option |
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-2.22% |
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Federated
Stock Trust |
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-2.94% |
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Morgan
Value (separately managed) |
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-1.70% |
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Neuberger
Berman Focus Tr |
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-2.36% |
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Legg
Mason Spec. Invmt. Trust |
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1.16% |
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Neuberger
Berman Regency |
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-1.46% |
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T.
Rowe Price Value |
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-3.02% |
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BGI
– Value Index |
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-3.56% |
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Benchmark |
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Russell
Price Driven (1000 Value) |
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-2.42% |
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Growth
Stock Option |
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-1.41% |
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MFS
Instl. Mid Cap Growth |
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0.53% |
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Turner
Mid Cap Growth |
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0.34% |
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TCW
Galileo Select Equities I |
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-0.87% |
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Marsico
Focus |
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-2.03% |
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BGI
– Growth Index |
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-2.45% |
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Benchmark |
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Russell
Earnings Growth (1000 Growth) |
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-2.43% |
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International
Stock Option |
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-2.61% |
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Amer
Cent-20th Cent. Int’l Discovery |
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-1.68% |
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Amer
Cent-20th Cent. Int’l Growth |
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-4.39% |
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Janus
Overseas |
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-5.56% |
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Templeton
Instl. Foreign |
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-2.72% |
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First
Eagle SoGen Overseas I |
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1.50% |
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Longleaf
Partners Intl. |
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-2.31% |
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Benchmark |
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MSCI
All Country World Free Ex US |
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-3.58% |
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Diversified
Small Company Stock Option |
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-2.12% |
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MFS
Instl. Emerging Equities |
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-1.98% |
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Royce
Opportunity |
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-1.76% |
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DFA
U.S. Micro Cap Portfolio |
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-2.23% |
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State
Street Aurora |
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-3.10% |
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Berger
Small Cap Value Instl. |
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-2.54% |
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Franklin
Small Cap Growth II |
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-1.11% |
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BGI
– Small Company Index |
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-2.27% |
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Benchmark |
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Russell
2000 Total |
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-2.77% |
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Conservative
Model Portfolio |
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-0.66% |
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Benchmark |
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Conservative
Composite Index |
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-0.96% |
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Moderate
Model Portfolio |
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-1.19% |
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Benchmark |
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Moderate
Composite Index |
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-1.72% |
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Aggressive
Model Portfolio |
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-1.65% |
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Benchmark |
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Aggressive
Composite Index |
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-2.18% |
Posted in Detailed YTD | Comments Off on 2003 January
Wednesday, January 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 |
179.54 |
249.59 |
230.01 |
183.13 |
162.74 |
246.81 |
201.02 |
211.43 |
209.13 |
– |
03 |
179.61 |
249.51 |
230.10 |
183.17 |
164.20 |
246.41 |
201.07 |
211.61 |
209.35 |
– |
06 |
179.63 |
255.45 |
235.18 |
186.75 |
165.81 |
251.00 |
202.88 |
214.21 |
212.53 |
– |
07 |
179.67 |
253.63 |
233.56 |
186.21 |
164.25 |
249.94 |
202.35 |
213.41 |
211.51 |
– |
08 |
179.71 |
250.40 |
230.41 |
183.39 |
163.06 |
246.59 |
201.33 |
211.72 |
209.41 |
– |
09 |
179.67 |
255.13 |
234.67 |
187.33 |
163.90 |
251.06 |
202.78 |
213.98 |
212.18 |
– |
10 |
179.74 |
255.67 |
234.77 |
187.99 |
164.49 |
252.27 |
202.93 |
214.38 |
212.71 |
– |
13 |
179.77 |
255.65 |
234.47 |
187.36 |
165.21 |
252.13 |
202.89 |
214.34 |
212.68 |
– |
14 |
179.81 |
257.04 |
235.79 |
188.40 |
166.08 |
253.37 |
203.37 |
215.09 |
213.60 |
– |
15 |
179.85 |
253.82 |
232.63 |
185.42 |
165.11 |
251.29 |
202.34 |
213.52 |
211.72 |
– |
16 |
179.87 |
252.49 |
231.72 |
184.67 |
165.28 |
250.48 |
201.99 |
213.07 |
211.19 |
– |
17 |
179.98 |
249.27 |
228.56 |
181.31 |
163.45 |
246.16 |
201.03 |
211.17 |
208.74 |
– |
20 |
Market Closed – Holiday |
21 |
180.01 |
244.64 |
225.00 |
178.90 |
162.14 |
243.07 |
199.71 |
209.30 |
206.45 |
– |
22 |
180.05 |
242.16 |
222.87 |
177.71 |
160.53 |
241.59 |
198.99 |
208.20 |
205.09 |
– |
23 |
180.07 |
244.50 |
225.10 |
180.45 |
161.23 |
243.68 |
199.75 |
209.49 |
206.64 |
– |
24 |
180.16 |
238.08 |
218.80 |
175.06 |
160.31 |
238.25 |
197.73 |
206.46 |
202.96 |
– |
27 |
180.16 |
233.90 |
215.14 |
172.58 |
156.89 |
234.22 |
196.45 |
204.27 |
200.17 |
– |
28 |
180.18 |
236.65 |
217.98 |
175.16 |
156.45 |
236.62 |
197.38 |
205.55 |
201.68 |
– |
29 |
180.18 |
238.11 |
219.41 |
176.79 |
155.92 |
237.84 |
197.85 |
206.21 |
202.45 |
– |
30 |
180.22 |
233.60 |
214.63 |
173.02 |
156.18 |
233.46 |
196.37 |
204.10 |
199.89 |
– |
31 |
180.25 |
236.50 |
217.57 |
174.30 |
156.16 |
235.62 |
197.33 |
205.25 |
201.27 |
– |
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|
January Fund Performance (in percentages) |
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0.38% |
-2.22% |
-2.48% |
-1.41% |
-2.61% |
-2.12% |
-0.66% |
-1.19% |
-1.65% |
– |
Posted in Daily NAVs | Comments Off on January 2003
Saturday, December 28th, 2002
|
Fixed Income |
Large
Cap Value |
Large
Cap Growth |
Foreign |
Small
Company |
Portfolio |
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Morningstar
Averages for the Universe |
n/a |
-18.36% |
-27.21% |
-13.89% |
-17.58% |
n/a |
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Stable
Value Option |
5.47% |
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Wellington
Core |
9.65% |
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PRIMCO
GIC |
5.75% |
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Cash |
1.44% |
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BGI
– Money Market Index |
1.89% |
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Benchmark |
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LB
1-3 yr. Govt./Treas. |
6.01% |
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|
|
|
|
|
|
|
|
Equity
Index Option (BGI – US Equity Index) |
|
|
-21.61% |
|
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Russell
3000 |
|
|
-21.54% |
|
|
|
|
|
|
|
|
|
|
Value
Stock Option |
|
-19.41% |
|
|
|
|
Federated
Stock Trust |
|
-19.07% |
|
|
|
|
Morgan
Value (separately managed) |
|
-19.72% |
|
|
|
|
Neuberger
Berman Focus Tr |
|
-36.48% |
|
|
|
|
Legg
Mason Spec. Invmt. Trust |
|
-7.75% |
|
|
|
|
Neuberger
Berman Regency |
|
-11.69% |
|
|
|
|
T.
Rowe Price Value |
|
-16.58% |
|
|
|
|
BGI
– Value Index |
|
-22.00% |
|
|
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Russell
Price Driven (1000 Value) |
|
-15.52% |
|
|
|
|
|
|
|
|
|
|
|
Growth
Stock Option |
|
|
-28.58% |
|
|
|
MFS
Instl. Mid Cap Growth |
|
|
-46.76% |
|
|
|
Turner
Mid Cap Growth |
|
|
-32.86% |
|
|
|
TCW
Galileo Select Equities I |
|
|
-30.36% |
|
|
|
Marsico
Focus |
|
|
-16.69% |
|
|
|
BGI
– Growth Index |
|
|
-25.58% |
|
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Russell
Earnings Growth (1000 Growth) |
|
|
-27.88% |
|
|
|
|
|
|
|
|
|
|
International
Stock Option |
|
|
|
-16.31% |
|
|
Amer
Cent-20th Cent. Int’l Discovery |
|
|
|
-12.83% |
|
|
Amer
Cent-20th Cent. Int’l Growth |
|
|
|
-19.25% |
|
|
Janus
Overseas |
|
|
|
-23.89% |
|
|
Templeton
Instl. Foreign |
|
|
|
-14.80% |
|
|
First
Eagle SoGen Overseas I |
|
|
|
12.69% |
|
|
Longleaf
Partners Intl. |
|
|
|
-16.52% |
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
MSCI
All Country World Free Ex US |
|
|
|
-16.53% |
|
|
|
|
|
|
|
|
|
Diversified
Small Company Stock Option |
|
|
|
|
-22.42% |
|
MFS
Instl. Emerging Equities |
|
|
|
|
-33.84% |
|
Royce
Opportunity |
|
|
|
|
-17.01% |
|
DFA
U.S. Micro Cap Portfolio |
|
|
|
|
-13.27% |
|
State
Street Aurora |
|
|
|
|
-19.44% |
|
Berger
Small Cap Value Instl. |
|
|
|
|
-15.33% |
|
Franklin
Small Cap Growth II |
|
|
|
|
-27.25% |
|
BGI
– Small Company Index |
|
|
|
|
-24.15% |
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Russell
2000 Total |
|
|
|
|
-20.48% |
|
|
|
|
|
|
|
|
Conservative
Model Portfolio |
|
|
|
|
|
-5.12% |
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Conservative
Composite Index |
|
|
|
|
|
-3.81% |
|
|
|
|
|
|
|
Moderate
Model Portfolio |
|
|
|
|
|
-13.22% |
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Moderate
Composite Index |
|
|
|
|
|
-11.34% |
|
|
|
|
|
|
|
Aggressive
Model Portfolio |
|
|
|
|
|
-16.51% |
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Aggressive
Composite Index |
|
|
|
|
|
-15.12% |
Posted in Detailed YTD | Comments Off on 2002 December
Sunday, December 22nd, 2002
Day |
Stable Value |
Value Stock |
Equity Index |
Growth Stock |
Intl. Stock |
Div. Small Co. Stock |
Conserv. Portfolio |
Moderate Portfolio |
Aggressive Portfolio |
Retirement Portfolio |
02 |
178.70 |
255.07 |
235.74 |
192.17 |
167.19 |
256.02 |
202.28 |
215.27 |
214.28 |
– |
03 |
178.73 |
250.86 |
232.18 |
188.66 |
165.28 |
251.45 |
201.03 |
213.08 |
211.52 |
– |
04 |
178.77 |
249.12 |
231.26 |
187.65 |
164.17 |
249.08 |
200.63 |
212.24 |
210.39 |
– |
05 |
178.81 |
246.73 |
228.72 |
185.50 |
162.64 |
246.85 |
199.85 |
210.90 |
208.72 |
– |
06 |
178.90 |
248.20 |
230.14 |
186.68 |
162.81 |
248.05 |
200.38 |
211.62 |
209.56 |
– |
09 |
178.93 |
242.25 |
225.06 |
181.26 |
160.56 |
241.58 |
198.60 |
208.51 |
205.68 |
– |
10 |
178.95 |
245.98 |
228.21 |
183.92 |
160.78 |
245.58 |
199.74 |
210.21 |
207.78 |
– |
11 |
179.00 |
246.16 |
228.51 |
184.12 |
161.24 |
245.76 |
199.85 |
210.40 |
208.00 |
– |
12 |
179.02 |
246.01 |
227.80 |
183.94 |
161.61 |
246.23 |
199.73 |
210.37 |
208.02 |
– |
13 |
179.08 |
243.10 |
224.74 |
180.33 |
160.40 |
242.46 |
198.79 |
208.58 |
205.78 |
– |
16 |
179.08 |
248.81 |
229.83 |
184.51 |
162.01 |
247.09 |
200.55 |
211.24 |
209.02 |
– |
17 |
179.12 |
247.38 |
227.99 |
183.40 |
161.31 |
245.22 |
200.04 |
210.41 |
207.96 |
– |
18 |
179.17 |
244.32 |
225.35 |
180.32 |
159.61 |
240.71 |
199.15 |
208.60 |
205.61 |
– |
19 |
179.23 |
242.40 |
223.72 |
178.90 |
159.47 |
240.11 |
198.61 |
207.88 |
204.79 |
– |
20 |
179.30 |
245.86 |
226.77 |
180.90 |
160.29 |
242.23 |
199.72 |
209.35 |
206.53 |
– |
23 |
179.32 |
245.74 |
227.27 |
182.21 |
159.89 |
243.67 |
199.80 |
209.68 |
206.96 |
– |
24 |
179.38 |
244.26 |
226.05 |
181.16 |
160.11 |
242.60 |
199.40 |
209.13 |
206.29 |
– |
25 |
Market Closed – Holiday |
26 |
179.41 |
244.01 |
225.54 |
180.27 |
160.80 |
243.30 |
199.30 |
209.07 |
206.30 |
– |
27 |
179.51 |
239.82 |
222.08 |
177.20 |
159.52 |
240.49 |
198.12 |
207.24 |
204.06 |
– |
30 |
179.55 |
241.02 |
222.79 |
176.97 |
159.74 |
239.83 |
198.45 |
207.44 |
204.23 |
– |
31 |
179.56 |
241.86 |
223.10 |
176.79 |
160.35 |
240.72 |
198.65 |
207.73 |
204.64 |
– |
|
|
December Fund Performance (in percentages) |
|
0.50% |
-5.15% |
-5.49% |
-7.92% |
-3.86% |
-5.52% |
-1.79% |
-3.42% |
-4.36% |
– |
Posted in Daily NAVs | Comments Off on December 2002
Thursday, November 28th, 2002
|
Fixed Income |
Large
Cap Value |
Large
Cap Growth |
Foreign |
Small
Company |
Portfolio |
|
|
|
|
|
|
|
Morningstar
Averages for the Universe |
n/a |
-14.80% |
-21.39% |
-11.38% |
-13.63% |
n/a |
|
|
|
|
|
|
|
Stable
Value Option |
4.94% |
|
|
|
|
|
Wellington
Core |
7.36% |
|
|
|
|
|
PRIMCO
GIC |
5.27% |
|
|
|
|
|
Cash |
1.35% |
|
|
|
|
|
BGI
– Money Market Index |
1.76% |
|
|
|
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
LB
1-3 yr. Govt./Treas. |
5.00% |
|
|
|
|
|
|
|
|
|
|
|
|
Equity
Index Option (BGI – US Equity Index) |
|
|
-17.06% |
|
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Russell
3000 |
|
|
-16.84% |
|
|
|
|
|
|
|
|
|
|
Value
Stock Option |
|
-15.04% |
|
|
|
|
Federated
Stock Trust |
|
-16.35% |
|
|
|
|
Morgan
Value (separately managed) |
|
-15.13% |
|
|
|
|
Neuberger
Berman Focus Tr |
|
-27.08% |
|
|
|
|
Legg
Mason Spec. Invmt. Trust |
|
-0.96% |
|
|
|
|
Neuberger
Berman Regency |
|
-8.82% |
|
|
|
|
T.
Rowe Price Value |
|
-12.08% |
|
|
|
|
BGI
– Value Index |
|
-19.11% |
|
|
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Russell
Price Driven (1000 Value) |
|
-11.69% |
|
|
|
|
|
|
|
|
|
|
|
Growth
Stock Option |
|
|
-22.44% |
|
|
|
MFS
Instl. Mid Cap Growth |
|
|
-43.29% |
|
|
|
Turner
Mid Cap Growth |
|
|
-25.65% |
|
|
|
TCW
Galileo Select Equities I |
|
|
-21.24% |
|
|
|
Marsico
Focus |
|
|
-11.10% |
|
|
|
BGI
– Growth Index |
|
|
-19.97% |
|
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Russell
Earnings Growth (1000 Growth) |
|
|
-22.53% |
|
|
|
|
|
|
|
|
|
|
International
Stock Option |
|
|
|
-12.96% |
|
|
Amer
Cent-20th Cent. Int’l Discovery |
|
|
|
-8.98% |
|
|
Amer
Cent-20th Cent. Int’l Growth |
|
|
|
-16.06% |
|
|
Janus
Overseas |
|
|
|
-20.49% |
|
|
Templeton
Instl. Foreign |
|
|
|
-10.56% |
|
|
First
Eagle SoGen Overseas I |
|
|
|
9.56% |
|
|
Longleaf
Partners Intl. |
|
|
|
-8.90% |
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
MSCI
All Country World Free Ex US |
|
|
|
-13.68% |
|
|
|
|
|
|
|
|
|
Diversified
Small Company Stock Option |
|
|
|
|
-17.88% |
|
MFS
Instl. Emerging Equities |
|
|
|
|
-30.10% |
|
Royce
Opportunity |
|
|
|
|
-11.88% |
|
DFA
U.S. Micro Cap Portfolio |
|
|
|
|
-9.39% |
|
State
Street Aurora |
|
|
|
|
-13.53% |
|
Berger
Small Cap Value Instl. |
|
|
|
|
-11.51% |
|
Franklin
Small Cap Growth II |
|
|
|
|
-22.39% |
|
BGI
– Small Company Index |
|
|
|
|
-19.64% |
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Russell
2000 Total |
|
|
|
|
-15.80% |
|
|
|
|
|
|
|
|
Conservative
Model Portfolio |
|
|
|
|
|
-3.38% |
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Conservative
Composite Index |
|
|
|
|
|
-2.71% |
|
|
|
|
|
|
|
Moderate
Model Portfolio |
|
|
|
|
|
-10.15% |
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Moderate
Composite Index |
|
|
|
|
|
-8.86% |
|
|
|
|
|
|
|
Aggressive
Model Portfolio |
|
|
|
|
|
-12.70% |
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Aggressive
Composite Index |
|
|
|
|
|
-11.87% |
Posted in Detailed YTD | Comments Off on 2002 November
Friday, November 22nd, 2002
Day |
Stable Value |
Value Stock |
Equity Index |
Growth Stock |
Intl. Stock |
Div. Small Co. Stock |
Conserv. Portfolio |
Moderate Portfolio |
Aggressive Portfolio |
Retirement Portfolio |
01 |
178.08 |
240.09 |
226.52 |
184.91 |
159.07 |
239.45 |
197.92 |
208.17 |
205.26 |
– |
04 |
178.08 |
242.79 |
228.25 |
186.92 |
161.81 |
242.46 |
198.64 |
209.68 |
207.22 |
– |
05 |
178.10 |
243.83 |
229.77 |
187.21 |
162.50 |
241.52 |
199.07 |
210.06 |
207.58 |
– |
06 |
178.14 |
246.59 |
232.11 |
189.36 |
162.10 |
245.85 |
199.93 |
211.41 |
209.30 |
– |
07 |
178.21 |
240.46 |
226.82 |
185.04 |
161.47 |
240.21 |
198.12 |
208.71 |
205.97 |
– |
08 |
178.28 |
237.70 |
224.78 |
182.65 |
160.72 |
237.84 |
197.38 |
207.44 |
204.40 |
– |
11 |
178.30 |
232.78 |
220.00 |
178.62 |
158.60 |
231.66 |
195.82 |
204.75 |
200.99 |
– |
12 |
178.33 |
234.96 |
221.93 |
181.13 |
159.45 |
234.71 |
196.50 |
206.06 |
202.64 |
– |
13 |
178.35 |
234.37 |
221.83 |
181.82 |
158.41 |
235.40 |
196.41 |
206.01 |
202.58 |
– |
14 |
178.35 |
240.53 |
227.32 |
186.76 |
159.65 |
241.19 |
198.31 |
208.95 |
206.18 |
– |
15 |
178.39 |
243.26 |
228.74 |
187.71 |
161.36 |
241.70 |
199.01 |
209.92 |
207.33 |
– |
18 |
178.42 |
241.21 |
226.40 |
185.48 |
161.93 |
240.26 |
198.31 |
208.98 |
206.24 |
– |
19 |
178.45 |
240.00 |
225.38 |
183.61 |
161.10 |
238.34 |
197.97 |
208.14 |
205.17 |
– |
20 |
178.45 |
244.77 |
229.85 |
188.05 |
161.03 |
243.53 |
199.48 |
210.47 |
208.02 |
– |
21 |
178.46 |
252.05 |
234.84 |
192.41 |
164.31 |
249.52 |
201.48 |
213.70 |
212.05 |
– |
22 |
178.52 |
252.12 |
234.32 |
191.48 |
164.81 |
250.09 |
201.45 |
213.66 |
212.06 |
– |
25 |
178.55 |
253.31 |
235.24 |
191.66 |
164.80 |
252.97 |
201.81 |
214.24 |
212.88 |
– |
26 |
178.61 |
247.93 |
230.36 |
187.26 |
163.13 |
248.63 |
200.17 |
211.66 |
209.73 |
– |
27 |
178.60 |
255.12 |
236.76 |
192.88 |
165.16 |
256.23 |
202.39 |
215.23 |
214.17 |
– |
28 |
Market Closed – Holiday |
29 |
178.66 |
254.98 |
236.05 |
192.00 |
166.78 |
254.79 |
202.28 |
215.09 |
213.98 |
– |
|
|
November Fund Performance (in percentages) |
|
0.35% |
8.27% |
6.06% |
5.81% |
5.12% |
8.88% |
2.95% |
4.43% |
5.66% |
– |
Posted in Daily NAVs | Comments Off on November 2002
Monday, October 28th, 2002
|
Fixed Income |
Large
Cap Value |
Large
Cap Growth |
Foreign |
Small
Company |
Portfolio |
|
|
|
|
|
|
|
Morningstar
Averages for the Universe |
n/a |
-19.92% |
-24.85% |
-15.34% |
-19.84% |
n/a |
|
|
|
|
|
|
|
Stable
Value Option |
4.57% |
|
|
|
|
|
Wellington
Core |
7.98% |
|
|
|
|
|
PRIMCO
GIC |
4.80% |
|
|
|
|
|
Cash |
1.26% |
|
|
|
|
|
BGI
– Money Market Index |
1.63% |
|
|
|
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
LB
1-3 yr. Govt./Treas. |
5.30% |
|
|
|
|
|
|
|
|
|
|
|
|
Equity
Index Option (BGI – US Equity Index) |
|
|
-21.80% |
|
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Russell
3000 |
|
|
-21.58% |
|
|
|
|
|
|
|
|
|
|
Value
Stock Option |
|
-21.53% |
|
|
|
|
Federated
Stock Trust |
|
-20.74% |
|
|
|
|
Morgan
Value (separately managed) |
|
-22.26% |
|
|
|
|
Neuberger
Berman Focus Tr |
|
-38.42% |
|
|
|
|
Legg
Mason Spec. Invmt. Trust |
|
-10.56% |
|
|
|
|
Neuberger
Berman Regency |
|
-12.59% |
|
|
|
|
T.
Rowe Price Value |
|
-19.81% |
|
|
|
|
BGI
– Value Index |
|
-23.84% |
|
|
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Russell
Price Driven (1000 Value) |
|
-16.92% |
|
|
|
|
|
|
|
|
|
|
|
Growth
Stock Option |
|
|
-26.69% |
|
|
|
MFS
Instl. Mid Cap Growth |
|
|
-46.57% |
|
|
|
Turner
Mid Cap Growth |
|
|
-31.13% |
|
|
|
TCW
Galileo Select Equities I |
|
|
-29.21% |
|
|
|
Marsico
Focus |
|
|
-11.62% |
|
|
|
BGI
– Growth Index |
|
|
-23.89% |
|
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Russell
Earnings Growth (1000 Growth) |
|
|
-26.52% |
|
|
|
|
|
|
|
|
|
|
International
Stock Option |
|
|
|
-17.20% |
|
|
Amer
Cent-20th Cent. Int’l Discovery |
|
|
|
-11.91% |
|
|
Amer
Cent-20th Cent. Int’l Growth |
|
|
|
-18.70% |
|
|
Janus
Overseas |
|
|
|
-23.94% |
|
|
Templeton
Instl. Foreign |
|
|
|
-16.24% |
|
|
First
Eagle SoGen Overseas I |
|
|
|
3.74% |
|
|
Longleaf
Partners Intl. |
|
|
|
-17.50% |
|
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
MSCI
All Country World Free Ex US |
|
|
|
-17.54% |
|
|
|
|
|
|
|
|
|
Diversified
Small Company Stock Option |
|
|
|
|
-24.58% |
|
MFS
Instl. Emerging Equities |
|
|
|
|
-32.57% |
|
Royce
Opportunity |
|
|
|
|
-23.09% |
|
DFA
U.S. Micro Cap Portfolio |
|
|
|
|
-16.38% |
|
State
Street Aurora |
|
|
|
|
-21.25% |
|
Berger
Small Cap Value Instl. |
|
|
|
|
-19.57% |
|
Franklin
Small Cap Growth II |
|
|
|
|
-29.28% |
|
BGI
– Small Company Index |
|
|
|
|
-24.97% |
|
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Russell
2000 Total |
|
|
|
|
-22.69% |
|
|
|
|
|
|
|
|
Conservative
Model Portfolio |
|
|
|
|
|
-6.15% |
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Conservative
Composite Index |
|
|
|
|
|
-4.40% |
|
|
|
|
|
|
|
Moderate
Model Portfolio |
|
|
|
|
|
-13.96% |
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Moderate
Composite Index |
|
|
|
|
|
-11.76% |
|
|
|
|
|
|
|
Aggressive
Model Portfolio |
|
|
|
|
|
-17.38% |
|
|
|
|
|
|
|
Benchmark |
|
|
|
|
|
|
Aggressive
Composite Index |
|
|
|
|
|
-15.66% |
Posted in Detailed YTD | Comments Off on 2002 October
Tuesday, October 22nd, 2002
Day |
Stable Value |
Value Stock |
Equity Index |
Growth Stock |
Intl. Stock |
Div. Small Co. Stock |
Conserv. Portfolio |
Moderate Portfolio |
Aggressive Portfolio |
Retirement Portfolio |
01 |
177.40 |
225.61 |
213.84 |
173.11 |
154.33 |
227.03 |
193.02 |
200.84 |
196.50 |
– |
02 |
177.42 |
219.64 |
208.96 |
169.82 |
154.54 |
222.64 |
191.27 |
198.57 |
193.76 |
– |
03 |
177.45 |
216.87 |
206.72 |
167.67 |
153.75 |
220.12 |
190.47 |
197.27 |
192.15 |
– |
04 |
177.52 |
211.55 |
202.14 |
163.63 |
152.15 |
215.17 |
188.90 |
194.75 |
189.02 |
– |
07 |
177.55 |
206.53 |
197.97 |
160.78 |
149.76 |
209.65 |
187.42 |
192.32 |
185.92 |
– |
08 |
177.57 |
209.19 |
200.92 |
163.36 |
148.70 |
210.45 |
188.35 |
193.38 |
187.05 |
– |
09 |
177.61 |
202.56 |
195.33 |
159.89 |
147.71 |
203.90 |
186.38 |
190.55 |
183.51 |
– |
10 |
177.61 |
211.36 |
201.73 |
165.50 |
147.94 |
209.15 |
188.86 |
193.89 |
187.46 |
– |
11 |
177.64 |
219.97 |
209.25 |
171.85 |
152.41 |
215.10 |
191.51 |
198.06 |
192.54 |
– |
14 |
177.66 |
221.40 |
210.78 |
173.50 |
151.69 |
216.25 |
192.01 |
198.71 |
193.27 |
– |
15 |
177.62 |
232.61 |
220.34 |
180.95 |
156.41 |
225.92 |
195.38 |
204.00 |
199.83 |
– |
16 |
177.62 |
226.00 |
215.15 |
176.64 |
155.86 |
219.71 |
193.45 |
201.17 |
196.35 |
– |
17 |
177.61 |
232.10 |
220.33 |
181.08 |
158.12 |
226.83 |
195.29 |
204.24 |
200.24 |
– |
18 |
177.67 |
233.06 |
221.45 |
182.57 |
158.42 |
227.83 |
195.67 |
204.89 |
201.00 |
– |
21 |
177.67 |
237.94 |
225.11 |
185.60 |
158.33 |
231.48 |
197.07 |
206.78 |
203.28 |
– |
22 |
177.69 |
235.63 |
222.67 |
183.07 |
157.30 |
227.96 |
196.30 |
205.34 |
201.44 |
– |
23 |
177.72 |
237.93 |
224.50 |
185.31 |
155.97 |
231.83 |
196.99 |
206.42 |
202.79 |
– |
24 |
177.77 |
235.06 |
221.34 |
181.76 |
157.03 |
230.03 |
196.04 |
205.11 |
201.31 |
– |
25 |
177.86 |
237.55 |
225.00 |
185.43 |
157.17 |
233.55 |
197.11 |
206.82 |
203.36 |
– |
28 |
177.90 |
236.43 |
223.17 |
182.58 |
158.95 |
232.15 |
196.65 |
206.14 |
202.61 |
– |
29 |
177.97 |
233.61 |
221.24 |
180.56 |
155.61 |
230.86 |
195.93 |
204.70 |
200.82 |
– |
30 |
177.99 |
236.38 |
223.47 |
182.45 |
157.09 |
234.59 |
196.76 |
206.18 |
202.72 |
– |
31 |
178.03 |
235.50 |
222.56 |
181.46 |
158.65 |
234.00 |
196.49 |
205.96 |
202.51 |
– |
|
|
October Fund Performance (in percentages) |
|
0.36% |
7.90% |
7.71% |
8.45% |
3.48% |
4.95% |
3.06% |
4.24% |
5.09% |
– |
Posted in Daily NAVs | Comments Off on October 2002