§ 3.12.010. Purpose.

The main investment objective of the Plan is to structure an investment program suitable to the: (1) long-term needs and risk tolerance and (2) to achieve long-term growth of Plan assets to fulfill the District's current and long term pension obligations to Plan participants.

The purpose of this Policy Statement is to achieve the following:

A.

Document investment objectives, performance expectations and investment guidelines for Plan assets.

B.

Establish an appropriate investment strategy for managing all Plan assets, including an investment time horizon, risk tolerance ranges and asset allocation to provide sufficient diversification and overall return over the long-term time horizon of the Plan.

C.

Establish investment guidelines to control overall risk and liquidity.

D.

Establish periodic performance reporting requirements that will effectively monitor investment results and to confirm that the investment policy is followed.

E.

Comply with all fiduciary, prudence, due diligence and legal requirements for Plan assets.

( Res. No. 2015-8-4, § 1(Policy No. 8.6), 8-25-2015 ; Res. No. 2018-9-2 , § 1, 9-25-2018)