Arc Investment Committee

The following survey is designed to assess the attitudes and perceptions of the membership of the Arc of the Piedmont Board of Directors relative to the Arc's investment portfolio.

The results of this survey will be made available to the Board of Directors.

When is comes to investing in stocks, bonds, mutual funds, etc, would you consider yourself as:

Very Inexperienced.

Inexperienced.

Experienced.

Very Experienced.

How many years of personal or professional investment experience do you have?

None

1-3 years

5-10 years

10+ years

Which option best describes your acceptable level of portfolio risk for the Arc?

Less accepting of risk – Conservative. [Very concerned about short term changes in the value of the portfolio, and would like to minimize the chances of big short term swings.]

Accepting some degree of risk – Moderate [Concerned about short term fluctuations in the value of the portfolio, but will tolerate moderately short term swings in exchange for higher long term potential.]

More Accepting of risk – Long Term. [Not very concerned about short term fluctuations in the value of the portfolio so long as the portfolio is positioned for strong long term returns.]

The optimum Arc investment portfolio, in your opinion, would look like which of the following:

Gradually increasing value with no loss of principle and modest annual returns.

Diversified in such a way that returns are somewhat less than major indices, but with fewer loss periods and less volatility.

Achieve at or near market returns with the same or less risk.

Beat the market on a regular basis, even though short term volatility is high.

The value of most investments fluctuates from year to year. How large of a drop in the value of the Arc investment portfolio would you be prepared to see before you start feeling very uncomfortable?

<10%

10% to 25%

25% to 50%

>50%

Which of the following best describes your perception of the Arc's current income needs?

None – not expecting any need for income, the primary objective of the portfolio should be growth.

Some – Income for the portfolio is needed, but willing to accept a lower level of income for the potential for long-term returns.

Moderate – Need for moderate level of income including interest and dividends.

Significant – Primary investment goal is income. Willing to accept less potential gain for long term returns in order to seek higher income.

With which time period are you comfortable for the Arc to create its investment portfolio?

Unknown/Unsure

Immediate (Less than 1 year)

Short Term (1-3 years)

Moderate (3-7 years)

Long Term (7+ years)

How important is FDIC coverage?

How important is return/guarantee of premium?