401K and Retirement Accounts 2010 Mid-Year Performance Summary

The total returns so far this year (July 2, 2010) was a loss of 4.78%. The performance compare well with the returns of domestic indexes, which are down around 9%, emerging market indexes, which are down around 7%, and other developed markets, which are down about 14%. We started the year with an allocation of 35-35-30 among Domestic, International, and Bond Funds respectively. The current allocation is more even at around 35-33-32.

Below is our current portfolio:



Symbol% of PortfolioFund FeesFund Return (After Fees)Comments
ABF Small Cap Value (AVFIX)4.860.82(4.60)A Small-cap value fund with about 1.2B of total assets under management.
Artisan Mid-cap Value (ARTMX)2.351.21(3.64)A mid-cap value fund with about 3.7B of total assets under management.Top 10 holdings account for 30% of assets.
Dodge & Cox Stock Fund (DODGX)6.380.52(10.41)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)16.681.00(12.89)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.
Fidelity Small Cap Stock Fund (FSLCX)4.300.95(8.45)None.
Fidelity Low Priced Stock Fund (FLPSX)3.740.83(3.46)None.
PIMCO Total Return Fund (PTTRX)18.28 0.523.97None.
Misc.1.480.000.00

Calomos Growth A (CVGRX)4.051.22(7.12)A 12B large cap growth fund. The top 10 holdings represent about 27% of assets.
Schwab S&P500 Index (SWPIX)3.320.36(8.28)An index fund that tracks the performance of the S&P500 index benchmark.
William Blair International Growth (WBIGX)4.021.67(3.56)A 5B large cap international fund with between 10 and 25% exposure to emerging markets.
Vanguard Pacific Stock Index (VPACX)3.810.27(7.19)An index fund that tracks the performance of the MSCI Pacific index benchmark.
Vanguard Inflation Protected Securities (VIPSX)9.490.202.39Invests in inflation indexed bonds (primarily US) with maturities between 7 and 20 years.
Vanguard Emerging Market ETF (VWO)6.680.25(6.31)None.
Fidelity International Real Estate Stock Fund (FIREX)0.770.96(10.93)None.
Fidelity Small Cap Growth Fund (FCPGX)3.301.09(4.70)None.
Fidelity Select Technology (FSPTX)1.250.88(7.86)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)1.360.87(5.43)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.
Vanguard Pacific ETF (VPL)0.510(7.12)

Cash and Money Market0.1400None.
Pension Plan3.2103.70Company Fully Vested Cash Balance Pension Plan.



We are keeping the allocations as is for now. If the market rallies, we will continue to shift more into bonds and vice-versa.

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