ETF Portfolio - Lazy Man

MarketWatch’s top ETF portfolio for 2004 was Ted Aronson’s "Lazy Man’s Portfolio". Ted Aronson is the head of AJO Partners. AJO Partners manages about $20 billion of institutional tax-exempt retirement funds. TheStreet.com named him "the world’s most honest money manger." He served as the Chairman of the Board of Governors of the Association of Investment Management and Research, the leading professional organization for money managers.

Allocation	Fund	Symbol
5%	Wilshire 5000	VTSMX
15%	S&P 500	VFINX
10%	Wilshire 4500 Mid-Cap / Small-Cap	VEXMX
5%	MSCI US Small-Cap Growth	VISGX
5%	MSCI US Small-Cap Value	VISVX
15%	Emerging Markets	VEIEX
10%	Pacific Stock Index	VPACX
5%	European Stock Index	VEURX
10%	TIPS: Inflation-Protected Securities	VIPSX
10%	High-Yield Corporate	VWEHX
10%	Long-Term Treasury	VUSTX

Why?

• 2003 return of 30%
• 2004 return of 15%
• Passive, well-diversified asset-allocation with no rebalancing