Fund Asset Allocation
Total Fund Value: $122,415,902

Investment Performance
Total Fund vs. Objectives

Plan Assets ($mm)

Trustees: Five Trustees appointed by the Converge’s Board of Overseers are responsible for investment (and related activities) of the Fund’s assets. Each Trustee serves for a term of five years and may serve more than one term, provided there is at least one year interval between terms.

Investment Objectives: The Fund’s long term objective is to maximize investment results with an appropriate level of risk. The overall objective is to generate an annualized return that exceeds inflation by 3.5% and to match the return (net of fees and expenses) of a composite of market indices weighted in proportion to the Fund’s allocation policy.

Investment Policy: The Fund will be diversified between various asset classes and will be broadly diversified within each asset class. Currently, the Fund is invested in equities, bonds, real estate, alternative investments, and cash equivalents.

Equities: Investments include the equity securities of corporations in the US and developed foreign countries. The Trustees have elected to passively invest in this asset class by owning index funds designed to replicate the US and International market indices, i.e., Dow Jones 5000 Composite and All Country World (excluding US).

Bonds: Investments include the debt securities of US corporations, government and mortgage-related securities. High quality issues are emphasized. The Trustees actively manage this portfolio with the objective of matching the Barclays US Captal Aggregate Bond Index.

Real Estate and Alternative Investments: Investments may include venture capital, real estate, energy and private equity. Given the non-liquid nature of this asset class, participation is limited to funds. Currently investments include private and public real estate diversified geographically and by property type and a small investment in a private energy related company.