Large Cap Equity Composite

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Large Cap Growth Strategy
Portfolio Characteristics
as of March 31, 2008

Sector Weightings

Percent of Total

PPCM

S&P 500

S&P 500/ Citigroup Growth

Electronic Technology

Health Technology

Finance

Producer Manufacturing

Technology Services

Energy Minerals

Transportation

Industrial Services

Retail Trade

Communications

Consumer Services

Non-Energy Minerals

Process Industries

Health Services

Utilities

Consumer Non-Durables

Commercial Services

Consumer Durables

Distribution Services

16
13
12
10
8
7
6
6
5
4
3
3
3
2
1
1
0
0
0

10
10
17
7
7
10
2
3
6
3
5
1
2
1
4
9
1
1
1

14
12
6
5
12
17
2
5
6
0
3
1
2
2
1
10
1
1
0

Ten Largest Holdings

CSX Corp

Diamond Offshore Drilling

Gilead Sciences Inc

Telefonos de Mexico

America Movil

Raytheon Co

Halliburton Co

Thermo Fisher Scientific Inc

Genentech Inc

Deere & Co

Total

1.7%
1.6 %
1.6 %
1.5 %
1.5 %
1.4 %
1.4 %
1.4 %
1.3 %
1.3 %

14.7 %

Portfolio Characteristics

PPCM Cap Range –

over $10 billion at purchase

PPCM

S&P 500

S&P 500/ Citigroup Growth

Price/Earnings Projected FY2 ¹

11.8

12.0

12.8

Price/Book ¹

2.6

2.5

3.5

FY2 EPS Growth Projected ^{2
3}

15.8%

14.5%

13.3%

Long Term EPS Growth Projected ²

16.2%

12.6%

13.9%

Market Cap ($mm) – weighted avg

$54,159

$96,276

$106,094

Market Cap ($mm) – median

$33,077

$11,179

$12,814

Dividend Yield ²

1.5%

2.1%

1.3%

Number of Issues

500

298

1. Weighted harmonic averages 2. Weighted averages 3. FY2 EPS Growth ratios greater than 100 are capped at 100

Sector Weightings, Ten Largest Holdings and Portfolio Characteristics appear as

supplemental information only and complement the Large Cap Composite presentation.