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6 Asset Weightings Asset Classes Range Target Growth Assets Domestic Equity 5% - 39% 18.0% International Equity 1% - 15% 9.0% Other 0% - 12% 3.0% Income Assets Fixed Income Other 40% - 80% 0% - 10% 68% 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. Performance Expectations Over the long-term, five years or longer, the performance objective for the Trust will be to achieve an average total annual rate of return that is equal to or greater than the Trust’s actuarial discount rate. Additionally, it is expected that the annual rate of return on Trust assets will be commensurate with the then prevailing investment environment. Measurement of this return expectation will be judged by reviewing returns in the context of industry standard benchmarks, peer universe comparisons for individual Trust investments and blended benchmark comparisons for the Trust in its entirety. Selection of Investment Managers