Investment Objective

The Fund seeks to provide long-term capital appreciation.  Dividend income, if any, will be incidental.  This fund may be suitable for investors who seek:

• A broadly diversified equity investment that provides exposure to all major segments of the world's stock markets
• Moderate growth with controlled levels of risk
• An investment consistent with Presbyterian values

Investment Strategy

The Fund invests primarily in common stocks and other equity securities of companies of all sizes, domestic and foreign, that are believed to have long-term growth potential.  Investment decisions made by the Fund are consistent with the social-witness principles of the General Assembly of the Presbyterian Church (U.S.A.).

Investment Concerns

Equity securities (stocks) are more volatile and carry more risk than other form of investments, including investment in high-grade fixed income securities.  The net asset value per share of the Fund will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in commong stocks, generally provide greater return potential when compared with other types of investments.  International investing involves increased risk and volatility.