Hi all, The performance information on the ARRL's portfolio was in my e-mail when I got home Saturday night. It's dated July 15th, 2010 and is as of June 30th, 2010. It covers various periods from 1 month on the left to 36 months on the right, as indicated in the column header's. You will note that Cash has a negative balance, please ignore that figure, it's incorrect to the degree that it is not all inclusive. On the way down the first column you will note Barclay's 7 year municipal bond index, don't pay any attention to that since we don't own any muni's. Also, you will note near the bottom "Real Estate," we own some REIT type investments amounting to $481K. Equity includes some Preferred Stocks which during the period pulled the market yields down---the S&P 500 includes no preferred's. Last, is the last line "Total Directed"---they direct nothing in the portfolio. You will note at the very bottom left "Account Inception," the fact is our custodial account opened with Shawmut Bank in 1980, shortly after I became Treasurer. Prior to that, the small amount of securities we had (almost all US Treasury securities, with a few common stocks) resided in a safe deposit box at a Bank near Headquarters under the name of John Huntoon, the previous Treasurer and General Manager of the League prior to Dick Baldwin. As I've said before about these performance data reports they are not highly accurate which does not make them useless because they do provide some overall indications of the direction of the portfolios movement and market yield. If you have any questions, please don't hesitate to contact me by whatever means you wish to use. I am now headed out to do some work on my 1/4 wave 80 meter vertical and 160 Inverted L that was totally crunched by a 90 foot pine that got hit by 82 MPH winds which is very unusual for us---but that's what I get for living near the ocean and in a valley at 30' above sea level. For now 73 and have a great day, Jim K1LU