The investment philosophy is to invest only in investment-grade instruments with the goal of 5% APR growth (4% before 2016). This has not always been possible or easy. Current instructions are to move to riskier investments if that's what is needed to obtain the 5% growth target, but circumstances have not yet made this necessary. The [[Finance Committee]] has been asked to formulate and confirm the investment philosophy, but has not yet completed the task.
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