Investment policy manual

1. Foundation Board – adopts Investment Policy generally based upon Committee recommendation 2. Finance Investment Committee – develops Investment Policy and recommends such to Foundation Board a. Reviews service and performance of the various investments and individual managers on a quarterly basis, or more frequently if needed. b. The Investment Implementation Manuals (included herein), in contrast to the Investment Policy, are designed to be dynamic policy documents maintained and utilized by Staff to ensure the Board’s investment plan is carried out effectively and efficiently. The investment policies, guidelines and restrictions in this policy statement are a framework to help the Fund and its Investment Manager(s) achieve the investment objectives at a level of risk deemed acceptable.

The Investment Policy Manual is developed in accordance with State Personnel and Pensions § (c). The Investment Committee of the Board (the “Investment Committee”) shall prepare and maintain the Investment Policy Manual and submit the Investment Policy Manual and any subsequent. As a SEC registered adviser, it is Atlas Capital Advisors LLC's policy to conduct an annual review of the firm’s policies and procedures to determine that they are adequate, current and effective in view of the firm’s businesses, practices, advisory services, current regulatory requirements and internal policies and procedures. The Policy serves to: • Establish investment parameters that incorporate prudent asset allocation and total return reasonable goals relative to risk. • Outline the investment responsibilities of the Committee, the RF investment staff, investment and consultants.

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