SMIF Portfolio Update 112304

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SMIF Portfolio Update11/23/04

• SMIF Accounting Committee

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Asset Allocation as of 11/23/04
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Asset Allocation Break-Down

• Equity 273,572.15
• REIT 16,009.90
• Fixed Income 18,884.76
• Cash 18,234.05
• TOTAL 326,700.85

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Portfolio Comparisons Benchmarks

• SMIF YTD (Since May 31, 2004)
• Start 315,066.69
• Current 326,700.85
• Change 3.69
• SMIF YTD (Since Jan 1, 2004)
• Start 317,929.34
• Current 326,700.85 Change 2.76

• SMIF Portfolio
• Equity -2.37
• SMIF portfolio -.76
• Fixed Income 0. 13
• REITS -5.11
• SP 500 -1.16
• Dow -.78
• NASDAQ -.7
• Wilshire 5000 -1.11

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Winners and Losers

• ERTS 3.28
• INTC 1.98
• DRL 1.97

• MSFT -10.38
• HPT -5.11
• JBLU -3.52

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Sector Allocations
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Sector Allocation
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Closing Comments

• Realized gain of 1,217.48 in C
• 18,000 in cash, but also 32,000 in dump fund
• We are ahead of our starting points