GUIDELINES FOR SECURITY HOLDINGS. The members of the Investment Fund Committee recognize that, due to the current level of assets in the funds, the funds may be invested in a pooled investment vehicle such as a mutual fund or commingled fund. In the case of pooled vehicles, the prospectus would serve as the overall guide for prohibited and permitted securities. In the event that the Fund invests in any separate managed portion of individual stocks or bonds by selection of an individual equity or bond Money Manager, as fiduciaries the following guidelines will apply:
