Level Two: Core Options
as of 12/30/11
The International Stock Fund contains portfolios whose managers invest in securities across world markets. The Fund may contain broadly diversified portfolios and/or portfolios of managers who have shown results in making more concentrated country/company investments. The primary objective is long-term growth of capital through a diversified portfolio of world market securities. Investment is in common stocks of foreign and some US companies. Currency fluctuations may present an additional risk, and managers are authorized to hedge accordingly. About two-thirds of the world’s publicly traded stocks are no registered outside the US.
DAP Asset Allocation
Fund Characteristics
| Fund Assets ($ million) | 35.9* |
| Net Asset Value | 359.34 |
| 2011 Expense Ratio | 118 basis pts. |
Target Allocation
| American Century Intl Discovery (TWEGX) | 10% |
| American Century Intl Growth (TWIEX) | 10% |
| Templteton Instl Foreign Equity (TFEQX) | 12% |
| Dimensional Emerging Markets Value (DFEVX) | 8% |
| TCW International Small Cap (TGICX) | 8% |
| Thornburg International Value (TGVIX) | 12% |
| Marsico Intl. Opportunities (MIOFX) | 12% |
| Royce Global Value (RIVFX) | 6% |
| BlackRock EAFE Index (not a mutual fund) | 22% |
Annual Performance
Comparison to Benchmark
Growth of $10,000 Investment
*includes assets from the Model Portfolios