We are making the following change to our Conservative portfolio on February 28th, 2003:
<ul><li><font color="red"><b>SELL</b></font> 100% holding of Strong Divedend Income Fund 'Z' (SDVIX).
<li><font color="red"><b>BUY</b></font> American Century Utility Income Fund (BULIX) with proceeds of above sale.</ul> The newly retooled Vanguard Dividend Growth fund (VDIGX) has much lower fees than the Strong Dividend Income Fund "Z" (SDVIX) which means more if the dividend income is yours to keep. Since this model portfolio already owned the Vanguard Utilities Income fund, and that fund has converted into a dividend growth fund, we need to sell our dividend fund and replace it with another utilities fund in order to keep the same allocation to utilities and high dividend stocks.
We are making the following change to our Aggressive Growth portfolio on Febuary 28th, 2003:
<ul><li><font color="red"><b>SELL</b></font> 100% holding of Dreyfus Emerging Markets Fund (DRFMX)
<li><font color="red"><b>BUY</b></font> SSGA Emerging Markets Fund (SSEMX) with proceeds of above sale.</ul>Dreyfus has converted their Emerging Markets fund to a load structure.
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We are making the following change to our Conservative portfolio on February 28th, 2003:
<ul><li><font color="red"><b>SELL</b></font> 100% holding of Strong Divedend Income Fund 'Z' (SDVIX).
<li><font color="red"><b>BUY</b></font> American Century Utility Income Fund (BULIX) with proceeds of above sale.</ul> The newly retooled Vanguard Dividend Growth fund (VDIGX) has much lower fees than the Strong Dividend Income Fund "Z" (SDVIX) which means more if the dividend income is yours to keep. Since this model portfolio already owned the Vanguard Utilities Income fund, and that fund has converted into a dividend growth fund, we need to sell our dividend fund and replace it with another utilities fund in order to keep the same allocation to utilities and high dividend stocks.
We are making the following change to our Aggressive Growth portfolio on Febuary 28th, 2003:
<ul><li><font color="red"><b>SELL</b></font> 100% holding of Dreyfus Emerging Markets Fund (DRFMX)
<li><font color="red"><b>BUY</b></font> SSGA Emerging Markets Fund (SSEMX) with proceeds of above sale.</ul>Dreyfus has converted their Emerging Markets fund to a load structure.