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

	34.50%	Domestic Equity
	10.00%	International Equity
	35.00%	Fixed Income
	7.00%	Private Equity
	7.00%	Real Estate
	5.00%	Commodities
	1.50%	Cash