Recommended Portfolio

Recommended Portfolio

Oxford Trading Portfolio

Company

Symbol

Rec. Date

Rec. Price

Current Price

Rating

Trailing Stop

Abbott Laboratories

ABT

10/23/2008

55.02

50.58

Buy

42.31

Clean Harbors

CLH

10/29/2008

58.45

49.28

Sell

Stock hit TS.

Fastenal

FAST

11/05/2008

34.84

30.09

Buy

27.34

Gilead Sciences

GILD

01/27/2009

48.23

47.07

Buy

39.60.

Immucor

BLUD

12/23/2008

24.34

22.90

Buy

20.08

Millicom, Corp.

MICC

02/06/2009

40.64

38.34

Buy

35.04.

Precision Castparts Corp.

PCP

12/05/2008

51.13

56.47

Buy

49.23

Ralcorp Holdings

RAH

12/23/2008

56.68

59.94

Buy

43.43

Steris Corp

STE

11/20/2008

26.38

23.74

Buy

19.78

iShares MSCI Hong Kong Index

EWH

10/23/2008

10.22

9.56

Buy

8.52

The Oxford Club All Star Portfolio

Company

Symbol

Rec. Date

Rec. Price

Current Price

Rating

Trailing Stop

Berkshire Hathaway B Shares

BRK-B

01/29/2001

2295.00

2564.00

Buy

None

Templeton Emerging Markets Fund

EMF

01/24/2002

8.80

8.00

Buy

None

Equity Residential Properties

EQR

06/28/2001

28.05

18.10

Buy

None

Managers Fremont Bond Fund

MBDFX

06/25/2002

10.22

9.19

Buy

None

Templeton Dragon Fund

TDF

05/31/2002

9.20

15.40

Buy

None

The Perpetual Income Portfolio

Company

Symbol

Rec. Date

Rec. Price

Current Price

Rating

Trailing Stop

Aberdeen Asia Pacific Fund

FAX

09/21/2000

4.12

4.21

Buy

Current Yield 9.20%.

BlackRock Limited Duration Income Trust

BLW

02/10/2009

12.35

11.89

Buy

Current Yield 10.30%.

Calamos Convertible & High Inc.

CHY

06/01/2006

16.05

8.22

Hold

Current Yield 11.30%

Eaton Vance Equity Income Fd. II

EOS

06/01/2006

17.92

9.29

Hold

Current Yield 15.10%

Eaton Vance Senior Floating Rate Trust

EFR

02/27/2009

8.15

8.15

Buy

New. Replaces PFL.

ING Global Real Estate Income Fund

IGR

04/26/2005

14.67

2.98

Hold

Current Yield 11.90%.

Western Asset Global High Income Fund

EHI

06/01/2006

12.44

6.54

Hold

Current Yield 12.80%

Zweig Total Return Fund

ZTR

06/01/2006

4.78

3.08

Hold

Current Yield 11.60%

The Gone Fishin’ Portfolio

Company

Symbol

Rec. Date

Rec. Price

Current Price

Rating

Trailing Stop

Vanguard Emerging Markets Index

VEIEX

04/01/2003

7.34

13.16

Buy

None

Vanguard European Stock Index

VEURX

04/01/2003

15.01

15.86

Buy

None

Vanguard High Yield Corp. Fund

VWEHX

04/01/2003

6.01

4.36

Buy

None

Vanguard Inflation-Protected Securities Fund

VIPSX

04/01/2003

12.02

11.56

Buy

None

Vanguard Pacific Stock Index

VPACX

04/01/2003

5.66

6.58

Buy

None

Vanguard Precious Metals

VGPMX

04/01/2003

9.98

10.43

Buy

None

Vanguard REIT Index

VGSIX

04/01/2003

11.92

8.47

Buy

None

Vanguard Short Term Bond

VFSTX

04/01/2003

10.80

9.73

Buy

None

Vanguard Small Cap Index

NAESX

04/01/2003

15.12

16.59

Buy

None

Vanguard Total Stock Market Index

VTSMX

04/01/2003

19.69

18.58

Buy

None

The Oxford Club 7 Deadly Sins Portfolio

Company

Symbol

Rec. Date

Rec. Price

Current Price

Rating

Trailing Stop

Diageo

DEO

02/20/2009

49.80

46.90

Buy

37.75

GameStop Corp.

GME

02/20/2009

26.68

27.00

Buy

20.01

Int’l Game Technologies

IGT

02/20/2009

9.38

9.27

Buy

7.04

Playboy Enterprises Inc.

PLA

02/20/2009

1.53

1.59

Buy

0.77 Use 50% TS.

Phillip Morris Int’l

PM

02/20/2009

35.63

34.21

Buy

26.72

Smith and Wesson

SWHC

02/20/2009

2.83

3.66

Buy

1.42 Use 50% TS.

Tiffany & Co.

TIF

02/20/2009

19.75

18.96

Buy

14.81

The Oxford Trading Portfolio contains most of our individual stock and bond recommendations and is geared toward investors with a shorter-term investment horizon. In it we try to provide a little bit of everything from higher risk/higher returns to low risk, more conservative plays. But each recommendation is included because we believe it provides the best opportunity for making money right now. Here you’ll find growth stocks and value stocks. And invest only where you are most comfortable. The Trading Portfolio also features a 25% trailing stop strategy, the heart and soul of our investment philosophy. Using a trailing stop guarantees that we let our winners ride, while cutting any losses short.

The Oxford All-Star Portfolio is made up of investment vehicles run by the men who are-in our view-the world’s investing All-Stars. These investments reflect superb, audited track records, not empty promises. Through each, you’ll enjoy easy availability and high liquidity. You’ll also find superior returns combined with below-average risk. The rationale for creating this portfolio is this: Each of the money managers trounced inflation, steamrolled the market averages, and left his contemporaries choking on his dust. And they have done so through almost any market imaginable with less risk than their respective benchmark index. In short, this portfolio is based on our confidence in these All-Stars’ ability to make money. We don’t use trailing stops in this portfolio because we’re not interested in second-guessing an All-Star. We believe these individuals will continue their history of market-beating performance.

The Oxford Perpetual Income Portfolio provides a needed dose of diversification in the form of income paying investments. And because it’s broadly diversified, we also get lowered risk – crucial for Oxfordians in or nearing retirement. But we’re not going to settle for plain vanilla. We want better-than-average yields. And we’re willing to look the world over to find them. While you may never hit a home run in this portfolio, the combination of capital gains and steady, high-paying dividends provides strong, consistent returns for us… and 96 monthly checks each year. In short, it’s a vital part of any well-diversified investment portfolio.

Gone Fishin’ Portfolio: One of the best ways to diversify your portfolio is by placing your money into mutual funds. The Oxford Club Gone Fishin’ Portfolio consists entirely of no-load funds that have no 12b-1 fees… the only fees you’ll incur are the annual expense ratios of the funds, which are some of the lowest available. The bottom line is that the Gone Fishin’ Portfolio allows you to benefit from the advantages of having mutual funds in your portfolio, while avoiding the hefty costs.

Our Gone Fishin’ Portfolio is allocated as follows: Vanguard Total Stock Market Index: 15%; Vanguard Small-Cap Index: 15%; Vanguard European Stock Index: 10%; Vanguard Pacific Stock Index: 10%; Vanguard Emerging Markets Index: 10%; Vanguard Short-Term Bond Index: 10%; Vanguard High-Yield Corporates Fund: 10%; Vanguard Inflation-Protected Securities Fund: 10%; Vanguard REIT Index: 5%; American Century Global Gold Fund: 5%.

The Seven Deadly Sins Portfolio is a strategy that capitalizes on both the constancy of human vice and the superior performance of companies that cater to it and offers the prospect of high returns with limited risk. Recently examined performances of alcohol, tobacco and casino stocks in all recessions since 1970, found that while the S&P 500 fell 1.5% on average, vice stocks rose an average 11%. As investors we should be aware of this – and prepared to take advantage of it. We have a 25% trailing loss in place for this portfolio to protect profits and preserve capital.

Trailing Stop (TS): The trailing stop provision was instituted by the Club as a measure to protect profits and preserve capital in volatile markets. The Club recommendation is to sell or close any investment position when the value of the position has fallen more than 25%. Adjust your trailing stops as often as you’d normally check your portfolio, but note that you may want to check them more frequently in a highly volatile market.

Trailing Stop Policy: Sell any stock if it falls more than 25% from its high, based on its highest closing price. For example, if a stock’s closing high is $100, then your trailing stop is $75. So if it closes below $75 one day, sell it the next day.

We NEVER use intraday high prices to set our trailing stops. We only sell the day after a stock CLOSES below our trailing stop. One important note – we don’t recommend putting your trailing stop order into the market before it’s triggered. When you place an open stop order with a broker, it turns into a market order once the level is hit. So don’t place your sell order until after it’s closed below the stop price.

Investor Bulletin