Page 144 - 2021bogOrientationManual

Portfolio 90-Day

Segment U.S. Treasury Bill

Total Fund yes

Fixed Income yes

Cash Equivalents yes

As indicated above, The Total Fund, Fixed Income, and Cash Equivalents will
all be measured against the 90-Day US Treasury Bill return for the selected
period.

Asset Allocation Objectives
The Association’s assets will be managed as a total portfolio having (2) major
components:
 a fixed income portion comprised of bonds (domestic); and
 cash equivalent securities.

The following asset guidelines are recommended:

Central
Portfolio Segment Range of Portfolio Assets Tendency

Fixed Income Securities 0% - 100% 50%
Cash Equivalents 0% - 100% 50%

Fixed Income Guidelines
Only the following bonds and/or fixed income securities are permissible
investments:
 debt securities issued or guaranteed by the United States Government, its
agencies and instrumentalities;
 corporate bonds, debentures and other forms of corporate debt obligations,
rated BBB or higher; and
 certificates of deposit or bankers’ acceptances of U.S. banks, but only in
amounts not to exceed that of FDIC Insurance, currently $250,000.00.

Additionally, cash reserves shall be invested in interest bearing securities
(including money market funds), free of risk of loss and price fluctuation, and
shall have immediate liquidity.

3. CORE INVESTMENTS/RESERVES
The Association’s core investments/reserves shall be managed in a manner
consistent with the following statements:

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