| BY ASSET CLASS |
|---|
| Developed Equities 45-55% |
| Emerging Market Equities 8-12% |
| Small Cap Equities 1-4% |
| Government Bonds 12-18% |
| NonGovernment Bonds 4-8% |
| Alternative Investments 5-10% |
| Real Estate 5-10% |
| Private Equity 2-8% |
| Infrastructure 0-4% |
| Cash 0-5% |
| BY GEOGRAPHY* |
| North America 40-50% |
| Europe 25-35% |
| Developed Asia 10-15% |
| Emerging Markets 10-15% |
*Excludes real estate, private equity, alternatives, infrastructure and cash. |