§ 3.12.030. Statement of Investment Objectives.

The investment objectives of the Plan are as follows:

A.

To invest assets of the Plan in a manner consistent with the following fiduciary standards: (a) all transactions undertaken must be for the sole interest of Plan beneficiaries, and (b) assets are to be diversified in order to minimize the impact of large losses from individual investments.

B.

To provide for funding and anticipated withdrawals on a continuing basis for payment of benefits and reasonable expenses of operation of the Plan.

C.

To conserve and enhance the value of Plan assets in real terms through asset appreciation and income generation, while maintaining a reasonable investment risk profile.

D.

To minimize principal fluctuations over the Time Horizon (as defined below).

E.

To achieve a long-term level of return commensurate with contemporary economic conditions and equal to or exceeding the investment objective set forth in this Policy Statement under the section labeled "Performance Expectations."

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