Table 1. Model Mutual Fund Portfolio
Fund (Ticker) Style Market-
Cap
Size
YTD
Return
(%)
Annual Return (%) Fund
Assets
($ Mil)
Exp
Ratio
(%)
1-Yr
Risk-
Grade
1-Yr
Risk-
Adj
Ret
(%)
1-
Yr
3-
Yr
10-
Yr
American Century Eq Inc* (TWEIX) Low Value Giant-Cap 19.5 19.5 11.3 12.3 4,621.20 0.98 36 25
CGM Focus (CGMFX) Very Low Value Giant-Cap 15 15 17.4 na 2,276.40 1.07 109 8.9
Meridian Growth (MERDX) Low Value Mid-Cap 15.8 15.8 10 12.7 1,837.20 0.85 66 12.8
Meridian Value (MVALX) Moderate Value Large-Cap 18.7 18.7 12 17.5 1,753.40 1.09 60 16
Mosaic Eq Mid-Cap (GTSGX) Moderate Value Mid-Cap 16.3 16.3 11.6 11.3 146.2 1.25 45 17.4
Northern Small Cap Val (NOSGX) High Value Small-Cap 20.3 20.3 16.8 12.8 648.7 1 72 7.9
Royce PA Mutual/Inv (PENNX) Moderate Value Small-Cap 14.8 14.8 15.8 14.3 2,867.60 0.9 66 12
T Rowe Price Cap Apprec (PRWCX) Moderate Value Giant-Cap 14.5 14.5 12.2 12.2 9,174.20 0.76 37 18
Funds now closed to new investors but still listed for those who hold them
FMI Common Stock (FMIMX)** High Value Small-Cap 17.1 17.1 15.1 12.6 485.6 1.21 57 15.3
Tamarack Microcap Value "S" (TMVSX)*** Very High Value Micro-Cap 21.7 21.7 17.4 14.3 304.3 1.09 72 16
Substitutes for closed funds (listed by preference)
Exeter Pro Blend Ext Term A (MNBAX) Low Value Giant-Cap 17.1 17.1 12.5 9.6 506.5 1.17 35 22.4
Mairs & Power Growth (MPGFX) Very Low Value Large-Cap 10.2 10.2 10.7 12.3 2,694.40 0.7 49 10.2
Average of Funds in Model Portfolio†     17.4 17.4 13.9 13.3 2,411.50 1.02 54 16.1
Model Fund Portfolio Performance††     15.2 15.2 12.7 na 2,411.50 1.02 55 14
Vanguard Tot Stock Mkt Idx (VTSMX) Low Value Giant-Cap 15.5 15.5 11.3 8.6 39,095.30 0.19 49 15.5
*American Century Equity Income fund (TWEIX) replaces Fenimore Value fund (FAMVX) during the 2006 year-end review.
**Closed to new investors on April 15, 2004.
***Since purchase, Tamarack Micro Cap Value Fund has been converted into a multi-class fund and new shareholders must purchase a class of shares that carry a load. Since we don't list funds carrying loads for this portfolio, we consider it closed to new shareholders.
†A simple average of all funds in the actual portfolio.
††Performance of actual portfolio since inception, including reinvested dividends.
Data as of 12/31/2006.
Sources: S&P Micropal, RiskGrades.com.