In general, our overall investment strategy is to be positioned in both equity and fixed income markets, broadly diversified, highly liquid, and professionally managed. Our investment strategy tends to favor positions in the equity market with the expectation that over a long-term period (5 years or longer), equities will generally outperform fixed income securities. Properly implemented, this approach allows us to participate in enhanced long-term performance while reducing portfolio volatility. Our objective is to deliver a long-term investment return that exceeds risk free returns while prudently managing portfolio risk.