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Asset Allocation <br /> The following table and graph indicates the asset allocation for December 31,2013 and 2012. <br /> December 31, <br /> 2013 2012 <br /> Cash and CD's $ 66,144 2.3 % $ 68,696 2.8 % <br /> Broker money market 237,117 8.2 196,744 8.0 <br /> Domestic stock 1,395,037 48.5 1,172,719 47.8 <br /> Mutual funds 1,180,076 41.0 1,016,949 41.4 <br /> Total cash and investments $ 2,878,374 100.0 % $ 2,455,108 100.0 % <br /> Cash and CD's Broker money market <br /> 2.3% 8.2% <br /> Mutual funds <br /> 41.0% <br /> Domestic stock <br /> 48.5% <br /> Investment Activities <br /> Investment income is vital to the Plan's current and continued financial stability.Therefore,the Board of Trustees has a fiduciary <br /> responsibility to act prudently when making Plan investment decisions.Portfolio performance is reviewed quarterly by the Board of <br /> Trustees.The Association also has an active Investment Committee to broaden its attention to asset allocation and fund returns. <br /> Economic Factors <br /> The primary function of the pension trust is to(a)appropriately award and pay benefits and(b)manage investments.The opportunity <br /> available considering various investment choices is invaluable in the asset allocation and money manager oversight. <br /> Contacting the Plan's Financial Management <br /> The financial report is designed to provide citizens,taxpayers,plan participants and the marketplace's credit analysis with an <br /> overview of the Plan's finances and the prudent exercise of the Board's oversight.If you have any questions regarding this report <br /> or need additional financial information,please contact the Elk River Fire Relief Association, 13065 Orono Parkway, <br /> Elk River,Minnesota 55330. <br /> -14- <br />