Hi Ben,
2008 Results*(-5.04%)
*Results of net of all fund expenses and 401k plan administration fees (see below).
Long-Term Results (as of 08/31/2008)
| 1 Year | 3 Years | 5 Years |
Annualized Return | -4.78% | 4.50% | 7.50% |
Standard Deviation | 10.10% | 7.78% | 7.18% |
Sharpe Ratio (Ex-Post) | (0.67) | 0.11 | 0.62 |
Fund Contributions in August 2008
August 2008 contributions were as follows: VIPSX (100%).
Projected Fund Inflows for September 2008
Currently September 2008 401k contributions will be allocated to MIEDX (65%), CGRYX (31%) and FCNTX (4%) to get my large cap value, large cap blend/growth and international stocks closer to their targets. All allocations (except Commodities) are within the 5/25 rule as shown on following table.
Portfolio as of September 1, 2008
ASSET CLASS | Current Allocation | Target Allocation |
Fixed Income | 30.62% | 27.00% |
MM Inflation Protected Bond (MIPYX) | 28.15% | |
Vanguard Inflation-Protected Securities (VIPSX) | 2.47% | |
State Street Money Market (SSMXX) | 0.01% | |
US Large Cap Value | 7.21% | 6.75% |
Vanguard Value Index (VIVAX) | 6.19% | |
Oppenheimer Value (CGRYX) | 1.02% | |
US Large Cap Blend/Growth | 7.32% | 6.75% |
Fidelity Contrafund (FCNTX) | 7.32% | |
US Mid/Small Cap Value | 6.40% | 6.75% |
Vanguard Small Cap Value (VISVX) | 6.40% | |
US Mid/Small Cap Blend/Growth | 8.27% | 6.75% |
Oppenheimer Main St Small Cap (OPMYX) | 6.50% | |
Vanguard Mid Cap Index (VIMSX) | 1.76% | |
Commodities | 1.86% | 10.00% |
PIMCO Commodity Real Return (PCRDX) | 1.86% | |
Real Estate Investment Trust | 20.29% | 18.00% |
Vanguard REIT Index (VGSIX) | 20.29% | |
International | 18.12% | 18.00% |
Vanguard International Value (VTRIX) | 8.93% | |
MassMutual International Equity (MIEDX) | 0.08% | |
Vanguard Total International Index (VGTSX) | 9.11% | |
YTD Returns of Currently Held Funds
Vanguard Inflation Protected Securities (VIPSX) | 5.16% |
MassMutual Premier Inflation-Protected Bond (MIPYX) | 4.75% |
PIMCO Commodity Real Return (PCRDX) | 5.23% |
Vanguard Value Index (VIVAX) | -13.50% |
Oppenheimer Value (CGRYX) | -12.32% |
Fidelity Contrafund (FCNTX) | -12.78% |
Vanguard Small Cap Value (VISVX) | -2.84% |
Vanguard Mid Cap Index (VIMSX) | -10.17% |
Oppenheimer Main Street Small Cap (OPMYX) | -5.72% |
Vanguard REIT Index (VGSIX) | 1.91% |
MassMutual International Equity (MIEDX) | -16.68% |
Vanguard International Value (VTRIX) | -16.44% |
Vanguard Total International Index (VGTSX) | -18.55% |
CURRENT PORTFOLIO STATS (M* X-Ray)
Equity Style Box
| Value | Core | Growth |
Large Cap | 18 | 18 | 12 |
Mid Cap | 10 | 16 | 4 |
Small Cap | 9 | 9 | 3 |
Bond Style Box
90% Intermediate-Term High Credit Quality
8% Long-Term High Credit Quality
2% Non Classified Bonds (Commodities)
Yield (3.70%)
Expenses (0.15% 401k Plan wrap fees + 0.42% fund expenses)
P/E Forward Ratio (14.40)
P/B Ratio (1.71)
ROA (6.31)
ROE (16.76)
ASSET ALLOCATION (M* X-Ray)
ASSET CLASS | Current Allocation | Target Allocation |
Cash | 3.40% | 0.00% |
US Stocks | 46.31% | 50.00% |
Foreign Stocks | 18.84% | 20.00% |
Bonds | 30.99% | 30.00% |
Other | 0.45% | 0.00% |
Not Classified | 0.00% | 0.00% |
Best wishes,
Bill
