Table 1. Model Mutual Fund Portfolio
Fund (Ticker) Style Market-
Cap
Size
YTD
Return
(%)
Annual Return (%) Fund
Assets
($ Mil)
Exp
Ratio
(%)
3-Yr
Risk-
Grade
3-Yr
Risk-
Adj
Ret
(%)
1-Yr 3-Yr 10-Yr
CGM Realty (CGMRX) Very Low Value Large-Cap 4.3 22.3 33.1 22.2 2,386.60 0.86 82 20.2
Stratton Multi-Cap (STRGX) Moderate Value Giant-Cap -3.4 0.7 15.4 8.4 108.7 1.06 81 6.8
CGM Focus (CGMFX) Very Low Value Giant-Cap 17.1 70.9 35.4 26.3 10,325.70 1.27 88 25.5
Manning & Napier Pro-Blend Ext A (MNBAX) Moderate Value Giant-Cap -8.9 -8.4 8.6 7.2 516.7 1.11 41 6.8
Meridian Value (MVALX) Moderate Value Mid-Cap -7.8 -8.8 10.8 12.9 1,321.60 1.08 56 6.6
Madison Mosaic Mid-Cap (GTSGX) Low Value Mid-Cap -13.2 -14.3 8.5 8.4 127.7 1.25 58 3.7
Northern Small Cap Value (NOSGX) Very High Value Small-Cap -6.2 -16.4 11.2 7.6 1,065.90 1.00 68 3.2
Royce PA Mutual/Inv (PENNX) High Value Small-Cap -4.9 -11.2 13.4 10.6 3,139.90 0.88 62 6.8
Tamarack Microcap Value "S" (TMVSX)* Very High Value Nano-Cap -11.8 -24.2 10.6 8.6 269.7 1.07 68 2.0
FMI Common Stock (FMIMX) High Value Small-Cap -4.9 -16.5 10.1 9.3 361.1 1.20 60 5.7
Avg of Funds in Model Fund Portfolio**     -5.1 -3.6 13.6 11.4 2,141.00 1.11 63 10.0
Actual Fund Portfolio Performance***     -3.8 -3.3 12.6 na 2,141.00 1.11 54 9.3
Vanguard Tot Stock Mkt Idx (VTSMX) Low Value Giant-Cap -10.9 -12.6 8.6 3.5 50,531.90 0.15 55 4.9
*James Cloonan has been an advisor to the TMVSX fund since its inception as the Babson Shadow Stock Fund in 1987.
**A simple average of all funds in the actual Model Fund Portfolio.
***Performace of actual portfolio since inception including reinvested dividends.

Source: S&P Micropal, RiskGrades.com. Data as of 6/30/2008.