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► Treasury Notes <br />► Treasury Bonds <br />► Treasury Strips <br />► Treasury Securities - State and Local Government Series ("SLGS") <br />► Treasury Inflation Protection Securities ("TIPS") <br />Portfolio Composition <br />A maximum of 100% of available funds may be invested in the United States <br />Government Securities with the exception of Treasury Strips which are limited to <br />10% of available funds. <br />Maturity Limitations <br />The maximum length to maturity of any direct investment in the United States <br />Government Securities is ten (10) years from the date of purchase. <br />B. United States Government Agencies <br />Bonds, debentures�l or notes which may be subject to call, issued or guaranteed <br />as to principal and interest by the United States Governments agencies. Such <br />securities will include, but not be limited to the following: <br />► United States Export- Import Bank <br />- Direct obligations or fully guaranteed certificates of beneficial <br />ownership <br />► Farmer Home Administration <br />- Certificates of beneficial ownership <br />► Federal Financing Bank <br />- Discount notes, notes and bonds <br />► Federal Housing Administration <br />Debentures <br />► FDIC guaranteed notes ("TLGP" bonds) <br />► Government National Mortgage Association ("GNMA") <br />- GNMA guaranteed mortgage-backed bonds <br />- GNMA guaranteed pass-through <br />obligations <br />► General Services Administration <br />► New Communities Debentures <br />- United States Government guaranteed debentures <br />► United States Public Housing Notes and Bonds <br />- United States Government guaranteed public housing notes and <br />bonds <br />► United States Department of Housing and Urban Development <br />- Project notes and local authority bonds <br />► Federal Farm Credit Bank ("FFCB") <br />► Federal Home Loan Bank or its City Banks ("FHLB") <br />► Federal National Mortgage Association ("FNMA") <br />► Federal Home Loan Mortgage Corporation ("Freddie -Macs") including <br />Federal - <br />44t <br />