The Fund practices the traditional philosophy of asset allocation by maintaining constant percentages of the assets in domestic stocks, international stocks, bonds, cash, alternative investments, and real estate. Using an asset allocation forces the Fund to be a disciplined contrarian investor. And that's good for long-term success. Additionally, the Fund approaches investing with a value-oriented frame of mind. Seeking opportunities with sound financial fundamentals selling at a discount to fair value defines value. Historically, the Fund has exceeded its total return objectives by adhering to these two philosophy principles. The chart “Growth of Fund's Assets” illustrates this growth in market value over time.