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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------
FORM 11-K
Annual Report
Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
(Mark One):
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934 [NO FEE REQUIRED, EFFECTIVE OCTOBER 7, 1996]
For the fiscal year ended December 31, 2000
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 [NO FEE REQUIRED]
For the transition period from _____________ to ______________
Commission file number: 1-14603
A. Full title of the plan and the address of the plan, if different from
that of the issuer named below:
Retirement Plan for Field Underwriters
of MONY Life Insurance Company
B. Name of the issuer of the securities held pursuant to the plan and the
address of its principal executive office:
THE MONY GROUP INC.
1740 Broadway
New York, New York 10019
REQUIRED INFORMATION
Page(s)
-------
Independent Auditors' Report 1
Financial Statements:
Statements of Net Assets Available for Benefits
as of December 31, 2000 and 1999 2
Statement of Changes in Net Assets Available for
Benefits for the year ended December 31, 2000 3
Notes to Financial Statements 4-13
Supplemental Schedules*:
Schedule of Assets (Held at End of Year) as
of December 31, 2000 14
Schedule of Series of Reportable Transactions for the
year ended December 31, 2000 15
* All other schedules required by the Department of
Labor's Rules and Regulations for Reporting and
Disclosure under the Employee Retirement Security
Act of 1974 have been omitted because there is no
information to report.
Exhibit
Exhibit 23 - Consent of Independent Public Accountants 16
Pursuant to the requirement of the Securities Exchange
Act of 1934, the trustees (or other persons who administer
the Plan) have duly caused this Annual Report to be signed
by the undersigned hereunto duly authorized.
RETIREMENT PLAN FOR FIELD
UNDERWRITERS OF MONY LIFE
INSURANCE COMPANY
Date: February 25, 2002 /s/ Robert M. Beecroft
--------------------------
Name: Robert M. Beecroft
Title: Secretary -
Benefit Plan
Administration Committee
INDEPENDENT AUDITORS' REPORT
----------
To the Benefits Committee of the Board of Directors of
the Retirement Plan for Field Underwriters of
MONY Life Insurance Company:
We have audited the accompanying statements of net assets available for benefits
of the RETIREMENT PLAN for FIELD UNDERWRITERS of MONY LIFE INSURANCE COMPANY
(the "Plan") as of December 31, 2000 and 1999 and the related statement of
changes in net assets available for benefits for the year ended December 31,
2000. These financial statements are the responsibility of the Plan's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audits to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Plan as of
December 31, 2000 and 1999 and the changes in net assets available for benefits
for the year ended December 31, 2000, in conformity with accounting principles
generally accepted in the United States of America.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets
(held at end of year) as of December 31, 2000 and series of reportable
transactions for the year ended December 31, 2000 are presented for the purpose
of additional analysis and are not a required part of the basic financial
statements but are supplementary information required by the Department of
Labor's Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974. These supplemental schedules are the
responsibility of the Plan's management. The supplemental schedules have been
subjected to the auditing procedures applied in the audits of the basic
financial statements and, in our opinion, are fairly stated in all material
respects in relation to the basic financial statements taken as a whole.
/s/ Mitchell & Titus, LLP
New York, New York
October 25, 2001
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
STATEMENTS of NET ASSETS AVAILABLE for BENEFITS
As of December 31,
-------
2000 1999
------------ ------------
ASSETS:
Investments, at fair values:
MONY's Pooled Accounts $148,454,931 $160,499,004
MONY's Guaranteed Interest Contracts 48,011,848 52,212,657
Mutual Funds 33,285,348 37,565,826
Common Stock Fund 1,413,425 -
------------ ------------
Net Assets Available for
Benefits $231,165,552 $250,277,487
============ ============
The accompanying notes are an integral part of these financial statements.
2
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
STATEMENT of CHANGES in NET ASSETS AVAILABLE for BENEFITS
For the year ended December 31, 2000
-------
Net Assets Available for Benefits,
beginning of year $250,277,487
------------
Additions:
MONY's Contributions 3,571,763
Interest Income 3,789,697
Net change in fair value of investments in
MONY's Pooled Accounts, Mutual Funds
and Common Stock Fund (6,722,174)
------------
Total additions 639,286
------------
Deductions:
Participants' Benefits 19,378,085
Administrative Expenses 373,136
------------
Total Deductions 19,751,221
------------
Net Decrease (19,111,935)
------------
Net Assets Available for Benefits,
end of year $231,165,552
============
The accompanying notes are an integral part of these financial statements.
3
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
NOTES to FINANCIAL STATEMENTS
As of December 31, 2000 and 1999
-------
1. Description of the Plan:
The following description is provided for general information purposes
only. Participants should refer to the plan document for complete
information.
A. General
The Retirement Plan for Field Underwriters of MONY Life Insurance
Company (the "Plan"), a defined contribution money purchase pension
plan, was adopted to provide retirement benefits for Field
Underwriters in recognition of their career service with MONY Life
Insurance Company ("MONY" or the "Company"). Field Underwriters who
are hired under a Career Contract with MONY are eligible to
participate in the Plan.
B. Contributions
MONY contributes an amount equal to 5% of the participant's annual
Benefit Bearing Career Contract earnings plus an additional 2% of such
earnings in excess of the Social Security Old Age Survivor Disability
Insurance wage base.
All Plan contributions are placed in the MONY Investment Plan and
Retirement Plan Trust (the "Trust"). The assets of the Plan are
invested in the following funds administered through the Trust; the
Equity Growth Fund (invested in MONY's Pooled Account No. 2), the
Money Market Fund (invested in MONY's Pooled Account No. 4), the
Special Equity Fund (invested in the Special Equity Fund sub-account
of MONY's Pooled Account No. 10B), the Government Fixed Fund ("GFF",
invested in MONY's Pooled Account No. 16), the Public Bond Fund
(invested in MONY's Pooled Account No. 38), the Equity Income Fund
(invested in MONY's Pooled Account No. 40), Guaranteed Interest
Contract Fund ("GIC Fund", invested in GICs issued by MONY), and the
Managed, International Growth, and Growth funds (invested in the
Enterprise Group of Funds Inc., a family of Mutual Funds sponsored by
Enterprise Capital Management, Inc., which is a wholly-owned
subsidiary of MONY).
On April 17, 2000, MONY began offering a Company stock fund (The
"Common Stock Fund") as an investment option. The Common Stock Fund
uses "unit" accounting. As a unitized stock fund, the Common Stock
Fund holds primarily the MONY Group, Inc. Common Stock and a small
percentage of cash and short-term instruments, while members hold
units of the Common Stock Fund.
4
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
NOTES to FINANCIAL STATEMENTS, Continued
As of December 31, 2000 and 1999
-------
Participants' share values are reduced by the cost of managing the
Plan.
MONY contributions to the Trust are used to purchase shares in the
Funds described above, as elected by the participant. A Plan
participant is entitled to the vested value of accumulated shares
credited to the participant's account, including any earnings
therefrom.
Unlimited transfers among the Pooled Accounts, Mutual Funds and the
GIC Funds are permitted per calendar year. Money transferred from
Money Market, Public Bond, GIC's or GFF funds, cannot be transferred
back into these funds for 90 days. Transfers into the Common Stock
Fund will be limited to an amount equal to 15% of the members total
plan balance as of the date of the requested transfer.
C. Withdrawals
During active service, the Plan permits participants to withdraw
voluntary deposits or company contributions plus interest credited
thereon, subject to certain conditions. No partial withdrawal of the
accumulated value of the voluntary deposits or company contributions
can be made in an amount less than $500.
D. Vesting
MONY's contributions fully vest after completion of five years of
service, or, upon early or normal retirement, upon attainment of
normal retirement age if the participant is then under a Career
Contract, or upon death prior to retirement on or after the
participant's 55th birthday.
E. Forfeited Accounts
At December 31, 2000, forfeited non-vested accounts totaled $406,934.
These accounts will be used to reduce future MONY contributions.
5
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
NOTES to FINANCIAL STATEMENTS, Continued
As of December 31, 2000 and 1999
-------
F. Payment of Benefits
Participants terminating after at least five years of service with
MONY, for causes other than death or retirement, may receive a
deferred monthly income. The monthly income will be based on the
amount in the participant's account. Upon a married participant's
death prior to retirement or before his annuity starting date, the
surviving spouse may elect an immediate straight-life annuity
actuarially based on the present value of the participant's vested
accrued benefit. Upon an unmarried participant's death prior to
retirement, the beneficiary will be entitled to receive a plan
distribution generally in the form of an immediate single-sum payment
of the value of the vested portion of MONY's accumulated contributions
and the value of the participant's accumulated deposits. Upon
retirement, participants are entitled to receive the value of funds
credited to their accounts in the form of immediate fixed or variable
annuity benefits providing monthly income payments starting on their
retirement date, or they may elect an optional form of distribution
provided by the Plan. If a participant is married, such distribution
must be in the form of a qualified joint and survivor annuity benefit,
unless spousal consent is received authorizing another form of
distribution.
If an immediate annuity is elected, a transfer of the participant's
balance to MONY in exchange for the guarantee of all future annuity
benefits will occur.
G. Plan termination
MONY may amend or modify the Plan. Moreover, MONY may terminate the
Plan, although it has no present intention of doing so. In the event
that the Plan is terminated, participants' accounts will become fully
vested.
2. Summary of Significant Accounting Policies:
Basis of Accounting
The financial statements are prepared on an accrual basis of accounting.
Use of Estimates
The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make significant estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosures of contingent
assets and liabilities at the date of the financial statements and the
reported amounts of revenue and expenses during the reporting period.
Actual results could differ from those estimates.
6
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
NOTES to FINANCIAL STATEMENTS, Continued
As of December 31, 2000 and 1999
-------
Investment Valuation and Income Recognition
Interest income is accrued as earned.
The Plan's investments in the MONY's Pooled Accounts Nos. 2, 4, 10B, 38 and 40,
the Mutual Funds, the Common Stock Fund, are recorded at fair value. Purchases
and sales of shares of ownership in these funds are recorded on a trade date
basis. Realized gains or losses on sales of shares are calculated on a
first-in/first-out basis.
The Plan presents in the statement of changes in net assets available for
benefits the net change in the fair value of its investments in MONY's Pooled
Accounts, Mutual Funds and MONY's Common Stock Fund, which consists of realized
gains or losses and the unrealized appreciation or depreciation in the fair
value of those investments.
The Plan's investments in MONY's GIC Fund and the Government Fixed Fund are
recorded at fair value, which includes accrued interest.
The Plan provides for various investment options in any combination of stocks,
bonds, mutual funds, guaranteed interest contracts, and other investment
securities, through pooled accounts. Investment securities are exposed to
various risks, such as interest rate, market and credit. Due to the level of
risk associated with certain investment securities and the level of uncertainty
related to changes in the value of investment securities, it is at least
reasonably possible that changes in risk in the near term would materially
affect participants' account balances and the amounts reported in the statements
of net assets available for benefits and the statement of changes in net assets
available for benefits.
7
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
NOTES to FINANCIAL STATEMENTS, Continued
As of December 31, 2000 and 1999
-------
The shares and unit values of the Plan's investments in MONY's Pooled Accounts,
MONY's GICs, Mutual Funds, and Common Stock Fund, which represent rounded
amounts, as of December 31, 2000, June 30, 2000 and December 31, 1999, are as
follows:
December 31, 2000 June 30, 2000
---------------------- ---------------------
Number of Unit Number of Unit
Shares Value Shares Value
------ ----- ------ -----
Pooled Accounts:
No. 2 214,694 $396.4 219,644 $431.72
No. 4 495,266 23.74 494,481 23.02
No. 10B 332,781 88.76 333,439 98.35
No. 16 -'99* 122,673 10.95 128,176 10.67
No. 38 114,595 32.11 90,875 29.93
No. 40 251,844 67.63 260,953 61.04
Guaranteed Interest Contracts:
GIC 20 - - 629,486 13.21
GIC 21 507,594 12.95 545,957 12.63
GIC 22 1,337,561 13.23 1,432,277 12.82
GIC 23 25,840 12.43 26,863 12.11
GIC 24 54,195 12.38 55,391 12.01
GIC 25 21,770 11.74 22,684 11.44
GIC 26 38,416 11.38 39,211 11.08
GIC 27 17,720 10.93 18,649 10.69
GIC 28 2,003,549 10.91 1,311,894 10.60
Mutual Funds:
Managed 1,967,142 10.03 2,114,015 9.68
International 300,614 21.26 327,795 23.26
Growth 296,296 24.18 292,929 25.29
Common Stock Fund:
MONY Stock 91,807 15.40 14,973 10.78
* Pooled Account 16- '91 through '98 rolled-over into Pooled Account 16-'99
as of March 31, 2000.
8
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
NOTES to FINANCIAL STATEMENTS, Continued
As of December 31, 2000 and 1999
-------
December 31, 1999
-----------------
Number of Unit
Shares Value
------ -----
Pooled Accounts:
No. 2 213,651 $419.18
No. 4 767,922 22.37
No. 6 337,451 63.52
No. 10B 299,508 92.75
No. 38 110,652 28.81
No. 16 -'91 9,968 16.25
No. 16 -'92 33,986 15.71
No. 16 -'93 1,292 14.61
No. 16 -'94 1,265 13.41
No. 16 -'95 43,123 13.56
No. 16 -'96 1,033 12.04
No. 16 -'97 787 11.55
No. 16 -'98 883 10.98
No. 16 -'99 913 10.39
Guaranteed Interest Contracts:
GIC 19 954,730 14.59
GIC 20 687,063 12.86
GIC 21 609,114 12.31
GIC 22 1,552,785 12.44
GIC 23 28,084 11.78
GIC 24 57,707 11.66
GIC 25 23,308 11.13
GIC 26 40,284 10.81
GIC 27 19,592 10.45
GIC 28 70,202 10.29
Mutual Funds:
Managed 2,621,540 9.96
International 255,286 26.46
Growth 179,406 26.18
9
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
NOTES to FINANCIAL STATEMENTS, Continued
As of December 31, 2000 and 1999
-------
MONY's Pooled Accounts are separate accounts whose assets and liabilities are
segregated from the other assets and liabilities of MONY. Management believes
these pooled account assets and liabilities will not be affected by liabilities
that may arise out of any other business that MONY may conduct.
Pooled Account No. 2, the Equity Growth Fund, is a separate account
primarily invested in common stocks with high earnings growth potential.
Its objective is to achieve a greater total return than the stock market as
a whole.
Pooled Account No. 4, the Money Market Fund, is a separate account
primarily invested in commercial paper. Its objectives are to obtain a high
level of current income consistent with the preservation of capital and to
maintain a quality portfolio of short-term money market instruments.
Pooled Account No. 10B, the Special Equity Fund, is a separate account
invested in securities of small to medium-size market capitalization
companies.
Pooled Account No. 16, the Government Fixed Fund, is a separate account
that provides for guaranteed rates of return on principal and interest. The
fund is invested solely in obligations of the U.S. Government and U.S.
Government Agencies, which include Treasury Bonds, Bills, Notes and Agency
Obligations.
Pooled Account No. 38, the Public Bond Fund, is a separate account
primarily invested in a diversified portfolio of publicly traded corporate
bonds, concentrated in investment-grade issues in the four highest
major-ranking categories established by Moody's or Standard & Poor's.
Pooled Account No. 40, the Equity Income Fund, is a separate account
primarily invested in common stock with relatively high current yields. Its
objective is to offer above-average current income and the opportunity for
capital appreciation.
Guaranteed Interest Contracts are contracts with MONY that provide for
guaranteed rates of return on principal invested over specified time periods.
The assets supporting these contracts are invested with the general assets of
MONY. A market value adjustment may apply if the participant elects a withdrawal
or transfer from a GIC Fund or GFF outside an established period. If a
withdrawal is elected upon retirement, termination, and disability or required
minimum distribution, the market value adjustment does not apply.
Managed Fund is a flexible portfolio mutual fund that invests in common stocks,
bonds and cash equivalents.
10
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
NOTES to FINANCIAL STATEMENTS, Continued
As of December 31, 2000 and 1999
---------
International Fund is a diversified international asset management mutual
fund that seeks capital appreciation primarily through a portfolio of
non-U.S. equities.
Growth Fund invests in the stocks of companies with long-term earnings
potential but which are currently selling at a discount to their estimated
long-term value. The Growth Fund's equity selection process is generally
lower risk than a typical growth stock approach.
Common Stock Fund invests primarily in The MONY Group, Inc. Common Stock,
and a small percentage of cash and short-term instruments.
3. Estimated Fair Value of Financial Instruments:
The following table represents the carrying amounts and estimated fair
values of the Company's financial instruments at December 31, 2000 and
December 31, 1999. The calculations of estimated fair values involve
considerable judgment. Accordingly, these estimates of fair value are not
necessarily indicative of the values that could be negotiated in an actual
sale.
December 31, 2000:
Carrying Estimated
Financial Assets: Amount Fair Value
---------------- ------ ----------
Pooled Accounts $148,454,931 $ 148,454,931
Guaranteed Interest Contracts 48,011,848 48,011,848
Mutual Funds 33,285,348 33,285,348
Common Stock Fund 1,413,425 1,413,425
============ =============
$231,165,552 $ 231,165,552
============ =============
December 31, 1999:
Carrying Estimated
Financial Assets: Amount Fair Value
----------------- ------ ----------
Pooled Accounts $160,499,004 $160,499,004
Guaranteed Interest Contracts 52,212,657 52,212,657
Mutual Funds 37,565,826 37,565,826
------------ -----------
$250,277,487 $250,277,487
============ ============
11
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
NOTES to FINANCIAL STATEMENTS, Continued
As of December 31, 2000 and 1999
---------
The following represents investments with fair value of 5% or more of the Plan's
net assets as of December 31, 2000 and 1999:
Issuer/Description 2000 1999
------------------ ---- ----
MONY's Pooled Accounts:
No. 2 $85,104,746 $ 89,558,773
No. 4 11,758,985 17,178,987
No. 6 - 21,436,299
No. 40 17,031,238 -
No. 10B 29,537,083 27,779,546
MONY's Guaranteed Interest Contracts:
GIC 19 matures January 1, 2000 at 7.90%
- 13,9238,385
GIC 22 matures July 1, 2001 at 6.50% 17,694,331 19,321,887
GIC 28 no maturity 6.25% 21,864,298 722,356
Managed Fund 19,730,113 26,115,498
The methods and assumptions utilized in estimating these fair values of
financial instruments are summarized as follows:
Pooled Accounts, Mutual Funds and Common Stock Fund
---------------------------------------------------
Short-term securities other than money market instruments, with 60 days or less
to maturity at the time of purchase are valued at amortized cost, which
approximates market. Money market instruments are valued at cost, which
approximates market; all other short-term securities are valued at market.
Common stocks are valued at the closing market prices for securities traded on
national securities exchanges, or at the last "bid" prices for
"over-the-counter" securities.
Bonds actively traded on a national securities exchange are valued at the last
reported sales prices. Bonds traded "over-the-counter" are valued at the last
reported "bid" prices.
12
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
NOTES to FINANCIAL STATEMENTS, Continued
As of December 31, 2000 and 1999
---------
Guaranteed Interest Contracts
-----------------------------
The fair values of the Plan's Guaranteed Interest Contracts are estimated
by discounting expected cash flows using interest rates currently offered
for similar contracts with maturities consistent with those remaining for
the contracts being valued, where appropriate.
4. Tax Status:
The Internal Revenue Service has determined and informed the Company, by a
letter dated March 25, 1996, that the Plan and related trust are designed
in accordance with applicable sections of the Internal Revenue Code (the
"Code"). The Plan has been amended since receiving the determination
letter. However, the Plan administrator and the Plan's tax counsel believe
that the Plan is designed and is currently being operated in compliance
with the applicable requirements of the Code.
13
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
SCHEDULE of ASSETS (Held at End of Year)
As of December 31, 2000
Issuer/Description Historical Cost Fair Value
--------------- ----------
MONY's Pooled Accounts:
No. 2 $ 70,525,235 $ 85,104,746
No. 4 11,477,234 11,758,985
No. 38 3,386,662 3,680,051
No. 40 15,279,067 17,031,238
No. 10B 29,197,148 29,537,083
No. 16 -'99 at 5.55%* 1,342,828 1,342,828
------------ ------------
131,208,174 148,454,931
------------ ------------
MONY'S Guaranteed Interest Contracts:
GIC 21 matures January 1, 2001 at 5.40% 6,574,779 6,574,779
GIC 22 matures July 1, 2001 at 6.50% 17,694,331 17,694,331
GIC 23 matures January 1, 2002 at 5.70% 321,175 321,175
GIC 24 matures July 1, 2002 at 6.40% 670,961 670,961
GIC 25 matures January 1, 2003 at 5.65% 255,638 255,638
GIC 26 matures July 1, 2003 at 5.45% 437,044 437,044
GIC 27 matures July 1, 2003 at 4.75% 193,622 193,622
GIC 28 No Maturity 6.25% 21,864,298 21,864,298
------------ ------------
48,011,848 48,011,848
------------ ------------
Mutual Funds:
Managed 13,813,470 19,730,113
International 6,673,518 6,389,913
Growth 7,191,807 7,165,322
------------ ------------
27,678,795 33,285,348
------------ ------------
Common Stock Fund:
MONY's Stock 1,413,425 1,413,425
------------ ------------
Total Assets $208,312,242 $231,165,552
============ ============
* Pooled Account 16-'91 through '98 rolled over into Pooled Account 16-'99 as
March 31, 2000.
14
RETIREMENT PLAN for FIELD UNDERWRITERS of
MONY LIFE INSURANCE COMPANY
SCHEDULE of SERIES OF REPORTABLE TRANSACTIONS
For the year ended December 31, 2000
Number of Total Value Number of Total Value Historical Cost Net Realized
Description of Investment Purchases of Purchases Sales Of Sales of Assets Sold Gain (Loss)
------------------------- --------- ------------ ----- -------- -------------- -----------
Money Market Fund 190 $26,057,633 551 $32,255,851 $31,465,124 $790,727
Equity Income Fund 134 4,282,475 464 9,583,867 7,422,453 2,161,416
Special Equity Fund 249 20,066,563 554 16,951,364 11,070,511 5,880,853
Managed Fund 140 2,100,396 421 8,508,162 7,889,367 618,795
Equity Growth Fund 219 22,682,916 572 22,258,556 9,785,876 12,472,680
15