Monday, January 05, 2009

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Manning & Napier Wor (EXWAX) Category:   Foreign Large Blend Status:   Open to new investors Current Recommendation: Hold Pevious Recommendation: Hold Alert Date Portfolio Action/Type Model Port. Amount Description NAV 7/3/2008 Large Sold 100.00% of EXWAX holdings on 7/3/2008 $8,664.72 This fund has had mediocre performance. It is down -11.1% YTD and -9.6% over last one year. We are selling it to reduce our global market exposure. There is no fee on this sale. $8.89 4/4/2007 Large Bought EXWAX at 1.74% of Total Portfolio Value on 4/4/2007 $10,000.00 This foreign large cap blend fund has rather erratic performance. It has some very good years and some very bad years. Overall it has lower risk justifying its purchase. During the previous two market drops, it went down less than its peers. Its long term performance rankings are very good. It is available at Fidelity as a no load no transaction fee fund. The minimum initial investment reuirement has been reduced to $2,500. For all other users, check with your broker. We are buying it at Fidelity $10.26