Equity Investment Terms

Aggressive Growth

Seeks maximum capital appreciation through investment, primarily in common stocks of companies that are thought to offer rapid growth potential. It is important to note that such funds tend to employ greater-than-average risk strategies than a typical growth fund with an eye on gaining a higher rate of return. Aggressive Growth funds have the ability to invest in companies with any capitalization.

Emerging Market Equity

Long term capital appreciation is sought through the investment primarily in emerging market equity securities. Income is usually incidental.

Equity-Income

A minimum of 65% of its assets are invested in income-producing equity securities, with the goal of seeking current income.

Global Equity

Invests primarily in both domestic and foreign equity securities of varying market capitalization. Income is usually incidental.

Growth - Domestic

Long term capital appreciation through the investment in domestic equity securities. The market capitalization can vary.

Growth & Income

Pursues both capital appreciation and income primarily through investment in equities with a level or rising dividend stream.

Mid Cap

Desires long term capital appreciation through investment in stocks of medium size companies, which is determined by market capitalization. Typically, capitalizations which fall between $1 billion and $5 billion are considered medium capitalization companies.

Non-US Equity

Investments are primarily in non-US equity securities with varying market capitalization. Income is usually incidental.

Small Cap - Domestic

Seeks maximum capital appreciation, through investment primarily in stocks of domestic small companies, which are determined by market capitalization. In most cases, capitalizations that are under $1 billion are designated as small capitalization companies.

S&P 500 Index

Main goal is to provide investment results that are comparable to those of the Standard & Poor's 500 Composite Index through investment mostly in the securities of, or those characteristically similar to, the securities that make up the index.

Fixed Income Investment Terms       

Emerging Market Income

Pursues income by investing in income producing securities from emerging market countries.

General Bond - Investment Grade

Investing in investment grade domestic or foreign corporate debt, government debt and preferred securities is undertaken in order to pursue income.

General Bond - Long Term

Pursues income by investing in corporate debt, government debt and preferred securities with maturities over 10 years or an average duration over 6.

General Bond - Short & Intermediate Term

Seeks income by investing in corporate debt, government debt and preferred securities characterized by an average maturity under 10 years or an average duration under 6 years.

General Mortgage

Investments of a minimum of 65% of its assets are made in a broad range of mortgage or mortgage-related securities, which can include those issued by the U.S. government and by government related and private organizations.

Global Income

A minimum of 65% is invested in fixed income securities in which domestic and/or foreign governments issue.

Loan Participation

A minimum of 65% of its assets is invested in loan interests.

Multi-Sector

Seeks income by investing, regardless of geographic boundary in corporate debt, government debt or preferred securities. Investments are not attached to any specific maturity or duration.

Municipal Insured

Seeks federally tax-free income by investing a at least 65% of its assets in municipal debt obligations that are insured as to timely payment of principal and interest.

Municipal National

Seeks federally tax-free income by investing at a minimum of 65% in issues from any state municipality.

US Government/Agency

Invests a minimum of 65% in securities which the Government, its agencies or instrumentalities issues or guarantees. Investments are not tied to any specific maturity or duration.

US Government - Long Term

Invests a minimum of 65% in securities issued or guaranteed by the Government, its agencies or instrumentalities characterized by maturities over 10 years or an average duration over 6 years.

US Government - Short and Intermediate Term

Invests a minimum of 65% in securities which the Government, its agencies or instrumentalities issues or guarantees - with maturities under 10 years or an average duration under 6 years.

US Treasury

A minimum of 65% of its assets is invested in securities that are issued and backed by the full faith and credit of the U.S. government.

Mixed Investment Terms       

Asset Allocation - Domestic

Seeks to increase income and capital appreciation by determining and selecting the optimal percentage of assets to place in domestic stocks, bonds, and cash.

Asset Allocation - Global

Seeks to increase income and capital appreciation by determining and selecting the optimal percentage of assets to place in domestic and foreign stocks, bonds, and cash.

Convertible

Investment of a minimum of 65% in convertible securities. It is important to note that Convertible securities are either bonds or preferred stocks that are exchangeable for a set or pre-determined number of share of common stock.

Sector Investment Terms       

Energy/Natural Resources

Specifically invests in the equity securities of companies involved in the exploration, distribution, and/or processing of natural resources.

Financial

Capital appreciation is pursued through investment in equity securities of companies engaged in providing financial services. In most cases these securities are from commercial banks, S&Ls, finance companies, securities brokerages, investment managers, insurance companies, and leasing companies.

Health/Biotechnology

Seeks capital appreciation by investing primarily in equities of firms specializing in the design, manufacture, or sale of products or services connected with health care or medicine.

Other Sector

Funds containing a specific focus which do not fit into any of the above existing sector categories.

Precious Metals

Capital appreciation is sought by investing primarily in equity securities of companies involved in mining, distribution, processing, or dealing in gold, silver, platinum, diamonds, or other precious metals and minerals.

Real Estate

Seeks both capital appreciation and income through the investment in equity securities both real estate investment trusts and other real estate industry companies.

Technology/Communications

A minimum 65% of assets are invested in the technological sector in order to spur capital appreciation.

Utilities

A high level of current income is sought through investment primarily in the equity securities of utility companies.