RES 2024070 - Laserfiche WebLink

investments and shall be diversified with the intent to minimize the risk of long-term investment losses. Consequently, the total portfolio will be constructed and maintained to provide diversification with regard to the concentration of holdings in individual issues, issuers,countries,governments or industries. Asset Allocation The Administrator believes that to achieve the greatest likelihood of meeting the Trust's investment objectives and the best balance between risk and return for optimal diversification,assets will be invested in accordance with the targets for each asset class as follows to achieve an average total annual rate of return that is equal to or greater than the Trust's target rate of return over the long-term, as described in the section titled"Performance Expectations". Asset Weightings Asset Classes Range Target Growth Assets Domestic Equity 4% - 19% 9.0% International Equity 1% - 10% 4.5% Other 0%- 8% 1.5% Income Assets Fixed Income 50% -95% 83% Other 0%- 10% 0% Real Return Assets 0%_ 10% 0% Cash Equivalents 0%-20% 2% The Advisor and each Manager will be evaluated against their peers on the performance of the total funds under their direct management. Rebalancing Philosophy The asset allocation range established by this Policy Statement represents a long-term perspective. As such, rapid unanticipated market shifts or changes in economic conditions may cause the asset mix to fall outside Policy Statement ranges. When allocations breach the specified ranges, the Advisor will rebalance the assets within the specified ranges. The Advisor may also rebalance based on market conditions. Risk Tolerance Subject to investment objectives and performance expectations,the Trust will be managed in a style that seeks to minimize principal fluctuations over the established Time Horizon. 6 {