Fund Outperformed Benchmark in July

For the period Domestic Equity returned 1.73% versus 1.69% for the benchmark.  International Equity returned -1.30% versus -1.65% for the benchmark.  Fixed income returned 1.26% versus .77% for the benchmark and the Bond Ladder returned .64% versus .77% for the benchmark.  Performance data for the High Yield investment was available starting July 8 and it returned -.17%.