We're making trades in the Conservative portfolio, effective 6/30/2010:

Sales:

 - SELL Harbor Bond (HABDX) from 20% to 0%

 - SELL Nakoma Absolute Return (NARFX) from 10% to 0%

 - SELL Dreyfus Bond Market Index Basic (DBIRX) from 20% to 0%

 - SELL Bridgeway Balanced (BRBPX) from 10% to 0%

  - SELL Vanguard Growth ETF (VUG) from 5% to 0%

 - SELL Janus Global Research T (JARFX) from 5% to 0%

 - REDUCE Vanguard Telecom Serv ETF (VOX) from 10% to 5%

 - SELL Metropolitan West High Yield Bond M (MWHYX) from 5% to 0%

 - SELL PIA Short Term Securities (PIASX) from 5% to 0%

Buys:

- NEW ALLOCATION  Vanguard Short-Term Bond ETF (BSV) to 20%

- NEW ALLOCATION  American Century Gvrnmnt Bnd Inv (CPTNX) to 15%

- NEW ALLOCATION  American Century Core Plus Inv (ACCNX) to 20%

- NEW ALLOCATION  Jensen Value J (JNVSX) to 5%

- NEW ALLOCATION  Vanguard European ETF (VGK) to 5% 

- NEW ALLOCATION  PRIMECAP Odyssey Stock (POSKX) to 5%

- NEW ALLOCATION  Scout International (UMBWX) to 5%

- NEW ALLOCATION  Homestead Value (HOVLX) to 5%

- NEW ALLOCATION  PowerShares DB US Dollar Index Bullish (UUP) to 5%

RESULT:

Going from 50% stock funds and 50% bond funds to 45% stock funds and 55% bond funds.

NOTE: Watch out for short term redemption fees:  2%/90 days on Janus Global Research T (JARFX), If you recently bought this fund you should consider waiting to sell shares to avoid this fee. 

We're making trades in the Aggressive Growth portfolio, effective 6/30/2010:

Sales:

 - SELL Vanguard Pacific Stock ETF (VPL) from 10% to 0%

 - SELL PIA Short Term Securities (PIASX) from 20% to 0%

 - REDUCE Health Care Select SPDR (XLV) from 10% to 6%

 - SELL Technology SPDR (XLK) from 10% to 0%

 - SELL Harbor Bond (HABDX) from 10% to 0%

 - SELL SPDR S&P Biotech (XBI) from 5% to 0%

 - SELL Janus Global Research T (JARFX) from 10% to 0%

 - SELL Vanguard Growth ETF (VUG) from 10% to 0%

 - REDUCE Vanguard Telecom Serv ETF (VOX) from 10% to 6%

Buys:

- NEW ALLOCATION  DoubleLine Total Return Bond N (DLTNX) to 15%

- NEW ALLOCATION  Metropolitan West Total Return Bond M (MWTRX) to 20%

- NEW ALLOCATION  Parnassus Equity Income - Inv (PRBLX) to 10%

- NEW ALLOCATION  Royce Financial Services Svc (RYFSX) to 6%

 - INCREASE Amer Centry Utility Income (BULIX) from 5% to 6% 

- NEW ALLOCATION  PRIMECAP Odyssey Growth (POGRX) to 8%

- NEW ALLOCATION  Scout Intl Discovery (UMBDX) to 8%

- NEW ALLOCATION  Janus Triton T (JATTX) to 7%

- NEW ALLOCATION  Satuit Capital Micro Cap (SATMX) to 6%

- NEW ALLOCATION  PwrShares DB Cmdity Dbl Shrt ETN (DEE) to 2%

 RESULT:

Going from 70% stock funds and 30% bond funds to 65% stock funds and 35% bond funds.

NOTE: Watch out for short term redemption fees:  2%/90 days on Janus Global Research T (JARFX), If you recently bought this fund you should consider waiting to sell shares to avoid this fee.