Why invest at all in fixed income investments if the Funds main goal is growth?
A. Our main goal is to protect principal along with allowing for growth and inflation in the economy. Fixed income investments give predictable income to the Fund, and are, of course, less susceptible to the ups and downs of the stock market. The fixed income portfolio is kept within the range of 25% to 30% of the total Combined Fund. This is a key principle of a balanced or diversified portfolio.