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Bond Fund
The Foundation's Bond Fund is an actively managed portfolio of US Government notes and bonds, Government Agency notes and corporate notes and bonds. All bonds in this fund have a credit rating of AAA, AA or A, the three highest levels of investment grade bonds. The investment manager for this fund, Fulton Financial Advisors, positions the holdings around their outlook for interest rate movements. When interest rates are rising the fund will hold bonds maturing in an average of 3-5 years. When interest rates are falling, the fund will hold bonds maturing in an average of 5-7 years. The objective of this fund is to generate income and to maintain principal stability. While this is a conservative investment, the fund will fluctuate in value with movements in the broad bond market. A church investing in this fund should have a minimum of $150,000 invested across a combination of the Core Equity Fund, Growth Equity Fund and Bond Fund. Distributions of income and withdrawals can be made at the end of each month.
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