Phil got very nervous about the stock market at the end of the trading day on 9/17 and decided to take a short position in 20,000 Russell 3000 futures contracts. Phils portfolio at the end of the day close - is shown in Table One.

Table One

Phils Portfolio Value at 9/17 close

Position	Amount (millions)
Russell 3000 ETF	$60.000
Barclays Aggregate ETF	$40.000
Russell 3000 Futures	Short 20,000 contracts

Table Two shows the pricing of the Russell 3000 futures contract at the market close on 9/17.

Table Two

Russell 3000 Futures Contract Pricing

Index	Spot/Cash Price	Futures Price	Time to Expiration
Russell 3000	$1,221.17	$1,219.88	90 days

What is the value of Phils portfolio at the end of trading on 9/18 if (1) the return to the Russell 3000 was -1.30% during trading on 9/18 and (2) the return to the Barclays Aggregate was 0.13% during trading on 9/18?