Level Two: Manager Fact Sheet
Used in the Directed Account Plan Value Stock Option
as of 3/31/10
This Fund fully replicates the Russell 1000 Value Index. The Russell 1000 represents the performance of the 1,000 largest U.S. companies in the Russell 3000 Index (index of the 3,000 largest capitalized stocks in the U.S. offered on a U.S. exchange of OTC). The index is calculated by multiplying the composite closing price by the adjusted shares. The largest company to the 1,000th largest company make up the Russell 1000. It is further divided into two styled indexes, the Value and Growth Indexes. This Russell 1000 Value Index measures performance of the companies with lower price-to-book ratio and lower forecasted growth values. A percentage of this fund is held in S&P 500 index futures for participant transfer liquidity.
Not a mutual fund.
Top Ten Holdings (%)*
| Fund | Benchmark | |
| Exxon Mobil Corp. | 4.19 | 4.19 |
| General Electric Co. | 3.33 | 3.33 |
| Bank of America Corp. | 3.06 | 3.06 |
| J.P. Morgan Chase & Co. | 2.90 | 2.90 |
| AT&T Inc | 2.63 | 2.63 |
| Chevron Corp. | 2.62 | 2.62 |
| Pfizer Inc. | 2.39 | 2.39 |
| Wells Fargo & Company | 2.37 | 2.37 |
| Verizon Communications Inc. | 1.52 | 1.52 |
| Goldman Sachs Group Inc. | 1.39 | 1.39 |
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 | 3.80 | 3.80 |
| Communications | 11.25 | 11.25 |
| Consumer Cyclical | 5.84 | 5.84 |
| Consumer Non-cyclical | 13.86 | 13.86 |
| Diversified | 0.05 | 0.05 |
| Energy | 17.68 | 17.68 |
| Financial | 25.98 | 25.98 |
| Industrial | 11.49 | 11.49 |
| Technology | 3.78 | 3.78 |
| Utilities | 6.25 | 6.25 |
| 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.