| Symbol | % of Portfolio | Fund Fees | Fund Return 2008 (After Fees) | Comments |
| Dodge & Cox Stock Fund (DODGX) | 5.56 | 0.52 | (15.07) | A Large cap value fund with a history of outperforming the S&P500 index. Has very low turnover ratio. The fund is very big (~70B) and so outperformance may be harder to come by going forward. |
| Fidelity Diversified International Fund (FDIVX) | 21.77 | 0.97 | (13.51) | Diversified large-cap international growth fund. This fund is very big at over 58B. Turnover is at 58%. Has a history of outperforming its related index, the MSCI EAFE. |
| American Beacon Small Cap Value (AVPAX) | 4.92 | 1.06 | (5.52) | A Small-cap value fund with about 1.2B of total assets under management. Turnover at 48%. |
| Hotchkis & Wiley Mid-cap Value (HWMIX) | 2.65 | 1.02 | (13.71) | A mid-cap value fund with about 2.4B of total assets under management. Turnover at 45%.Top 10 holdings account for 38% of assets. |
| Vanguard Institutional Index Fund (VINIX) | 2.80 | 0.05 | (12.65) | Attempts to replicate S&P500 index performance. |
| Fidelity Intermediate Term Bond Fund (FTHRX) | 12.88 | 0.45 | (0.45) | None. |
| Artisan Mid-cap Value (ARTMX) | 2.79 | 1.22 | (13.09) | None. |
| Fidelity Small Cap Stock Fund (FSLCX) | 4.12 | 1.08 | (9.87) | None. |
| Calomos Growth A (CVGRX) | 1.37 | 1.44 | (14.48) | A 12B large cap growth fund. The top 10 holdings represent about 27% of assets. |
| Schwab S&P500 Index (SWPIX) | 1.17 | 0.36 | (12.73) | An index fund that tracks the performance of the S&P500 index benchmark. |
| William Blair International Growth (WBIGX) | 1.32 | 1.67 | (16.90) | A 5B large cap international fund with between 10 and 25% exposure to emerging markets. |
| Vanguard Index Trust 500 Index (VFINX) | 6.29 | 0.18 | (12.70) | An index fund that tracks the performance of the S&P500 index benchmark. |
| Vanguard Pacific Stock Index (VPACX) | 6.52 | 0.27 | (11.01) | An index fund that tracks the performance of the MSCI Pacific index benchmark. |
| Vanguard Inflation Protected Securities (VIPSX) | 1.97 | 0.20 | 4.58 | Invests in inflation indexed bonds (primarily US) with maturities between 7 and 20 years. |
| Vanguard Long-Term Bond Index (VBLTX) | 1.84 | 0.18 | (1.54) | An index fund that tracks the performance of a market-weighted bond index with a long-term dollar-weighted average maturity. |
| Vanguard Emerging Market ETF (VWO) | 8.36 | 0.25 | (14.50) | None. |
| Fidelity International Real Estate Stock Fund (FIREX) | 1.19 | 0.96 | (20.37) | None. |
| Fidelity Small Cap Growth Fund (FCPGX) | 4.17 | 1.09 | (15.78) | None. |
| Fidelity Select Technology (FSPTX) | 1.82 | 0.88 | (19.23) | A sector specific fund focused on large cap technology stocks with about 2B in assets under management. Top 10 holdings account for 45% of total assets. |
| Fidelity Select Health Care (FSPHX) | 2.24 | 0.87 | (12.07) | A sector specific fund focused on large cap healthcare stocks with about 2B in assets under management. Top 10 holdings account for 38% of total assets. |
| Pension Plan | 3.21 | 0 | 3.70 | Company Fully Vested Cash Balance Pension Plan. |
| Cash and Money Market | 0.07 | 0 | 0 | None. |
The total returns YTD as of 07/31/2008 were –10.39%. The performance compare well with the returns of popular domestic indices as many of the indices are down close to 15%. We reduced risk by opting for a 40-40-20 allocations among Domestic, International, and Bonds/Alternatives in the beginning of the year as compared to a 100% domestic stock portfolio and that accounts for the better performance in the down market.
We made a couple of minor reallocations on 08/01/2008 - One of our employer profit sharing plans allocated a few shares to our 401k plan. This along with 7% from our international holding in the Fidelity Diversified International Fund (FDIVX) was reallocated into a new holding in Fidelity Low Priced Stock Fund. This mid-cap fund has a long history of index out-performance but we couldn’t invest in the fund previously because it was closed to new investors. Recently, the status of the fund has changed from a ‘semi-hard close’ to a ‘soft-close’. That means investors in 401K plans are allowed to invest on the fund while it is still closed for retail investors.
Related Posts:
1. 401K/IRA Account 2007 Performance Summary - 01/08.
2. 401K/IRA Account – Asset Allocation for 2008 – Part 1.
3. 401K/IRA Account – Asset Allocation for 2008 – Part 2.
4. Retirement Portfolio – Mid Year Update.
5. Asset Allocation Adjustments to Retirement Portfolio in the face of market correction – 10/08.
6. 401K/IRA/Retirement Account 2008 Performance Summary - 01/09.
7. 401K/IRA/Retirement Account 2009 Reallocations - 01/09.
8. 401K & Retirement Accounts Performance - Mid Year 2009 Update - 07/09.
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