Portfolio Breakdown as of 10/30/2015

U.S. Large Cap
U.S. Small/Mid Cap
Intl Small/Mid Cap
Intl Large Cap
Emerging Mkt Equity

Portfolio Positioningas of 09/30/2015

  • The Diversified Equity Strategy Fund underperformed its benchmark, the 85% Russell 3000® Index/15% MSCI EAFE Index with Gross Dividends, during the third quarter of 2015.
  • During the quarter, the performance of underlying investment strategies contributed to relative performance, while the Fund’s strategic allocation detracted from performance. The Fund’s allocation to U.S. growth equities contributed to relative performance, as growth stocks outperformed the Fund’s benchmark.  The Fund’s weighting in international core stocks detracted from performance, as they underperformed the Fund’s benchmark. 
  • In addition to the Fund’s U.S. growth equities allocation’s contribution to performance, the U.S Smid Value strategy also outperformed its underlying benchmark, thereby contributing to relative performance.
  • The Fund’s Small-cap Growth strategy detracted from relative performance, as it underperformed the Fund’s benchmark.
  • During the quarter, the Fund’s weightings in the health care sector declined, while allocations to consumer discretionary sector increased. The financials, information technology, and consumer discretionary sectors are the largest weightings in the Fund.

Equity Sector Allocation as of 10/30/2015

Information Technology
Consumer Discretionary
Health Care
Consumer Staples
Telecommunication Services
Ten Largest Equity Holdings Assets
Pfizer, Inc. 1.4%
JPMorgan Chase & Co. 1.3%
Apple, Inc. 1.3%
General Electric Co. 1.2%
Intel Corp. 1.2%
Alphabet, Inc. 1.2%
Microsoft Corp. 1.1%
Cisco Systems, Inc. 1%
AT&T, Inc. 0.9%
Chevron Corp. 0.9%
Holdings Assets
Affiliated Fund 20.1%
Fundamental Equity Fund 15.1%
Growth Leaders Fund 15.0%
Growth Opportunities Fund 14.8%
International Core Equity Fund 12.0%
Value Opportunities Fund 10.1%
International Opportunities Fund 8.1%
Developing Growth Fund 4.8%
Fund Dividends & Cap Gains next tab

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