3rd Qtr 07 Article 2, Oakwood Capital Management LLC


[3rd Qtr '07 Articles][Newsletters]
	Structured Global Equity Strategies	10/12/07
	Global equity markets ended the third quarter in positive territory. In the US, large cap growth stocks led the way. Industrial materials, telecommunication and hardware were the best performing sectors in the US, with consumer services, financial services and media being the US laggards. International returns for US investors looked slightly better than US returns, and were aided by the relative weakness of the US dollar. In particular, international large cap stocks fared better than international large cap value stocks. Emerging markets and small capitalization stocks were, respectively, the best - and worst - performing asset classes in the third quarter.
	Oakwood Conservative Global Equity Balance of value and growth as well as large, medium and small capitalization stocks Suitable for investors seeking income and long term capital appreciation	The Conservative Global Equity strategy posted a positive return for the third quarter of 2007. Its reduced exposure to smaller capitalization companies and its increased bias to US large capitalization companies aided its return. This strategy also benefited from its allocation to US real estate, and developed and emerging international markets.
	Oakwood Moderate Global Equity Has an increased bias towards value by using multiple asset classes and greater emphasis on smaller capitalization stocks than the conservative strategy Suitable for investors seeking above average returns through long term capital appreciation	The Moderate Global Equity strategy had a positive return for the third quarter of 2007. Its exposure to developed and emerging international markets were positive contributors to the quarterly return. Its increased bias to smaller capitalization and international real estate slightly diminished returns for the quarter.
	Oakwood Aggressive Global Equity Has a higher non-US companies component as well as a greater value tilt and emphasis on smaller capitalization stocks than the moderate strategy Suitable for investors with a higher tolerance for risk seeking higher returns through long term capital appreciation	The Aggressive Global Equity strategy had a slightly negative return for the third quarter of 2007. The increased exposure to developed and emerging international markets helped the quarterly return. The increased bias toward small capitalization, both on the domestic and international side, slightly diminished quarterly returns.