Investment Strategy: The MERS Total Market Fund is a completely diversified fund utilizing various management styles and strategies. It is designed to provide reasonable growth and income while minimizing market volatility relative to the broader equity markets.

MERS Policy Asset Allocation

	31.10%	Domestic Equity
	32.20%	Fixed Income
	13.30%	International Equity
	10.80%	Private Equity
	5.80%	Real Estate
	5.20%	Commodities
	1.60%	Cash