Level Two: Core Options
as of 6/30/10
The Growth Stock Fund may include a range of investment managers who invest in the stock of companies that produce high earning or have the potential to generate earning growth in the future. Growth managers invest in stocks whose earnings per share (EPS) show a high or above-average growth rate in relation to its peers. Growth stocks tend to have higher price/earnings ratios (P/E) that the overall stock market because investors expect more and willing to pay for reliable growth. While all stocks are subject to volatility, growth stocks are generally more volatile than those on the value side. This Fund may be attractive to an investor who can tolerate added volatility in pursuit of capital appreciation.
DAP Asset Allocation
Target Allocation
| Wellington Mid Cap Opportunities (commingled fund) | 15% |
| Marsico Focus Fund (MFOCX) (separate account) | 20% |
| Turner Midcap Growth (TMBFX) | 15% |
| T. Rowe Price Growth Stock (TRSAX) | 15% |
| Primecap Odyssey Growth (POGRX) | 10% |
| BGI – Growth Index (not a mutual fund) | 20% |
Annual Performance
Comparison to Benchmark
*includes assets from the Model Portfolios