The following target investment asset allocation, as set forth in the Plan's investment policy, provides diversification and is intended to meet the Plan's long-term investment goals without undue risk.  The investment policy was developed and is continually monitored by the Board of Trustees together with its investment advisor, Jack Marco of the Marco Consulting Group.  Mr. Marco is one of the premier investment consultants in the country for multiemployer pension plans.

Equities 55%:  (Large Cap - 35%, Mid Cap - 10%, Small Cap - 5%, Foreign - 5%)  The stock portfolios are managed by selected professional investment management firms and diversified among growth and value styles.

Fixed Income 25%:  Diversified among government securities, investment grade corporate bonds, high yield bonds, mortgage securities and non-U.S. bonds, and managed by specialist bond investment management firms.

Real Estate 7%:  Diversified among real estate sectors and managed by professional real estate firms in three different commingled funds.

Hedge Funds 6%:  The Plan uses two hedge fund of funds, each of which invest in approximately 30 individual hedge funds, to diversify across various strategies and among numerous selected hedge fund firms.  The fund of funds managers use their expertise to select the most suitable hedge funds, construct the portfolio and monitor performance.

Private Equity 3%:  The Plan uses a professional manager to select and monitor the private equity partnership funds in which to invest.  Currently, the Plan is invested in 10 partnerships, each of which invests in numerous privately owned companies.

Commodities 4%:  The Plan uses an enhanced index, long-only single strategy fund run by a specialist commodities manager.
 
 
 
 
 
 
 

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