PL Portfolio Optimization

Conservative

Target Allocation
Cash Equivalents 7%
Fixed Income 73
Domestic Equity 15
International Equity 5

Underlying Fund Target Allocations

(as of 07/01/09) Although the funds expect to be fully invested at all times, they may maintain liquidity reserves to meet redemption requests.



Fund Manager Funds Allocation
AllianceBernstein PL International Value 2
ClearBridge PL Large-Cap Value 5
Goldman Sachs PL Short Duration Bond 14
Highland Capital PL Floating Rate Loan 9
Janus PL Growth LT 2
Lazard PL Mid-Cap Equity 3
MFS PL International Large-Cap 2
OppenheimerFunds PL Main Street® Core 2
PIMCO PL Inflation Managed 18
PIMCO PL Managed Bond 38
UBS PL Large-Cap Growth 2
Van Kampen PL Comstock 3

Investor Profile

You are looking for relatively stable returns and investments that generate some level of income.

Investment Goal

Seeks current income and preservation of capital.

Main Investments

Underlying funds that invest in the highest quality money market instruments, medium- and high-quality fixed-income securities, equity securities of large and midsized U.S. and non-U.S. companies, and derivative instruments.

Main Risks

There may be some losses in the values of the investment as asset values fluctuate.

Asset allocation does not guarantee future results, ensure a profit, or protect against loss.  Investment in an individual fund or funds in a single asset class may outperform or underperform an asset allocation fund.

The funds are exposed to the same risks as the underlying funds in direct proportion to the allocation of assets among those funds.