This fund invests in a broadly diversified bond and income-producing portfolio including short, intermediate, and long-term municipal, federal, foreign, and high-quality corporate bonds. It is managed by investment advisors selected and monitored by the Trustees of FCMM.
Option E can gain or lose value depending on the economic climate. Bond funds are subject to interest-rate risk, which means that bond rates move in the opposite direction of interest rates. When interest rates rise, the price of existing bonds and bond fund shares generally will decline. Conversely, when interest rates fall, the price of bonds and bond fund shares generally will rise. For the participant who would like some portion of investments to track with the bond market, this fund provides the benefit without requiring specific bond or bond-fund investment decisions.
FCMM-PROVIDED: FCMM Managed Bond/Income Fund
Option
E
