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PARS Investment Strategies and Percentage Allocations <br />Note: About 31 % of the agencies in the PARS program selected the Moderate Strategy <br />and about 35% of the agencies selected the Moderately Conservative Strategy. <br />Capital Appreciation 5.23% <br />(65-85% Equity) <br />Balanced 13.07% <br />(50-70% Equity) <br />Moderate 31.37% <br />(40-60% Equity) <br />Mod. Conservative 34.64% <br />(20-40% Equity) <br />Conservative 7 19% <br />(5-20% Equity) <br />Other <br />8.50% <br />(Custom) <br />TOTAL 100.00% <br />