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25.75% ML 1-3 Year US Corp/Gov't <br /> 2.00% US High Yield Master II <br /> 5.00% Citi 1 Mth T-Bill <br /> Asset Class/Style Benchmarks <br /> Over a market cycle, the long-term objective for each investment strategy is to add value to a <br /> market benchmark. The following are the benchmarks used to monitor each investment strategy: <br /> Large Cap Equity S&P 500 Index <br /> Growth S&P 500 Growth Index <br /> Value S&P 500 Value Index <br /> Mid Cap Equity Russell Mid Cap Index <br /> Growth Russell Mid Cap Growth Index <br /> Value Russell Mid Cap Value Index <br /> Small Cap Equity Russell 2000 Index <br /> Growth Russell 2000 Growth Index <br /> Value Russell 2000 Value Index <br /> REITs Wilshire REIT Index <br /> International Equity MSCI EAFE Index <br /> Investment Grade Bonds Bloomberg Barclays Capital Aggregate Bond Index <br /> High Yield US High Yield Master II <br /> Security Selection <br /> Investment Manager may utilize a full range of investment vehicles when constructing the <br /> investment portfolio, including but not limited to individual securities, mutual funds, and exchange- <br /> traded funds. In addition, to the extent permissible, Investment Manager is authorized to invest in <br /> shares of mutual funds in which the Investment Manager serves as advisor or sub-adviser. <br /> Investment Limitations: <br /> The following investment transactions are prohibited: <br /> • Direct investments in precious metals (precious metals mutual funds and exchange-traded <br /> funds are permissible). <br /> • Venture Capital <br /> • Short sales* <br /> • Purchases of Letter Stock, Private Placements, or direct payments <br /> • Leveraged Transactions* <br /> • Commodities Transactions Puts, calls, straddles, or other option strategies* <br /> • Purchases of real estate, with the exception of REITs <br /> • Derivatives, with exception of ETFs* <br /> *Permissible in diversified mutual funds and exchange-traded funds <br /> Duties and Responsibilities <br /> Responsibilities of Plan Sponsor <br /> The Plan Administrator for the City of Pleasanton is responsible for: <br /> • Confirming the accuracy of this Investment Guidelines Document, in writing. <br /> City of Pleasanton Employee Benefit Fund Pension Plan <br /> Investment Guidelines Document—HighMark Capital Management, Inc. <br /> (v.04-18-2018-RY) 6 <br />