Policy Portfolio

Policy Portfolio Asset Allocation Recommendation for Calendar Year 2022 (in %)

Traditional Investments Consisting of
2022 Policy Portfolio
Public Equities & ETFs
30
Fixed Income
4
Short Term
4
Total-Traditional Investnments
38
Alternative Investments Consisting of
Hedge Funds/Diversifiers
24
Private Partnerships
38
Total-Alternative Investments
62
TOTAL
100

Approved by the Investment Committee on 9/21/2021