Level Two: Core Options
as of 6/30/10
The Equity Index Fund is invested in a portfolio of broadly diversified common stocks designed to provide a return similar to that of the broad market. It should closely approximate the return of the Russell 3000. “Indexing” describes an investment approach that tried to parallel the investment return of a specific stock market index. The investment manager attempts to replicate the investment results of ht target index by holding all, or in the case of a very broad index, a representative sample of the index. The Equity Index Fund is a passive management approach, emphasizing broad diversification and low portfolio trading.
DAP Asset Allocation
Fund Characteristics
| Fund Assets ($ million) | 53.5* |
| Net Asset Value | 317.25 |
| 2009 Expense Ratio | 21 basis pts. |
Target Allocation
100% BGI US Equity Index (not public)
Annual Performance
Comparison to Benchmark
Growth of $10,000 Investment
*includes assets from the Model Portfolios