The January 2013 Heads Up newsletter is now available online. This newsletter contains an article titled, “A Model of Models Approach to Investing” along with a detailed summary of the 2012 DAP performance. Click here to read your latest newsletter.

Earlier this month the Turner Mid Cap Growth Fund was terminated and removed from the Growth Stock Option due to the performance of this fund detracting from overall performance in this option.  The assets from this fund were moved to the BlackRock Growth Index until the Board found a replacement fund.

The Ishares Russell Mid-Cap Growth ETF has been added to the Growth Stock Option on 12/18/12. The new target allocation for the Growth Stock Option is 10% Ishares Russell Mid-Cap Growth ETF, 10% Wellington Mid Cap Opportunities, 20% Marsico Focus, 20% T. Rowe Price Stock, 20% Primecap Odyssey Growth and 20% BlackRock Growth Index.

The Marsico International Opportunities Fund was terminated and removed from the International Stock Option on 12/5/12 due to the performance of this fund detracting from overall performance in this option.  The assets from this fund were moved to the BlackRock EAFE Index until they are reallocated to the other international managers.

Due to the impact of Hurricane Sandy on the East Coast, major financial markets will be closed Monday, October 29th and Tuesday, October 30th. Our record-keeper Fidelity, will continue to take participant trade requests and will process transactions upon the next opening of these markets, right now that would be Wednesday October 31st. Pricing for trade requests received on the 29th, 30th and 31st will receive the NAV value at the end of trading on the 31st. Fidelity call centers remain open.

The MFS International Value Fund (MGIAX) was added to the International Stock Option this month. This fund replaces the American Century Discovery Fund that was removed last month. Click here to find more detailed information on this fund.

The American Century International Discovery Fund was terminated and removed from the International Stock Option on 8/14/12 due to the performance of this fund detracting from overall performance in this option. The new target allocation is 32% BlackRock EAFE Index, 12% Templeton Instl. Foreign Equity, 12% Thornburg Intl. Value, 12% Marsico Intl. Opportunities, 10% American Century Intl. Growth, 8% Dimensional Emerging Markets Value, 6% Royce Global Value and 8% TCW International Small Cap. The assets from this fund were moved to the BlackRock EAFE Index until the Board finds a replacement fund.

The new 2011 Summary Annual Report is available now and can be found in the Knowledge Center of this website. You will be receiving the SAR in the mail this month.