Level Two: Manager Fact Sheet
Used in the Directed Account Plan Equity Index Option
as of 3/31/10
This Fund invests in publicly traded stocks of small, medium, and large companies representing a broad selection of U.S. sectors and industries. Its benchmark, the Russell 3000 index, is an unmanaged index which tracks the performance of the 3,000 largest U.S. companies based on total market capitalization which represents approximately 98% of the investable U.S. equity market. The Fund invests in a diversified sample of the stocks that make up the Russell 3000.
Not a mutual fund.
Top Ten Holdings (%)*
| Fund | Benchmark | |
| Exxon Mobil Corp. | 2.59 | 2.59 |
| Microsoft Corp. | 1.79 | 1.79 |
| Apple Inc. | 1.66 | 1.66 |
| General Electric Co. | 1.52 | 1.52 |
| Procter & Gamble Co. | 1.46 | 1.46 |
| Johnson & Johnson | 1.42 | 1.42 |
| Bank of America Corp. | 1.41 | 1.41 |
| Intl Business Machines Corp. | 1.34 | 1.34 |
| J.P. Morgan Chase & Co. | 1.33 | 1.33 |
| Wells Fargo & Company | 1.28 | 1.28 |
These holdings are not indicative of future portfolio composition. Because this is a managed portfolio, the investment mix will change.
Portfolio Composition (%)*
| Fund | Benchmark | |
| Basic Materials | 3.65 | 3.65 |
| Communications | 10.81 | 10.81 |
| Consumer Cyclical | 9.67 | 9.67 |
| Consumer Non-cyclical | 22.51 | 22.51 |
| Diversified | 0.04 | 0.04 |
| Energy | 10.38 | 10.38 |
| Financial | 15.77 | 15.77 |
| Industrial | 11.29 | 11.29 |
| Technology | 12.42 | 12.42 |
| Utilities | 3.46 | 3.46 |
| Other | 0.01 | 0.01 |
Comparison to Benchmark
* Note
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.