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of investment choices to permit diversification and a choice of investment strategies . The <br /> objectives are further defined as follows : <br /> 1 . To provide a spectrum of investment options so a Participating Employee <br /> will be able to choose the investment mix that may fall within a range of risk and return <br /> characteristics customarily appropriate for the Participating Employee . <br /> 2 . To provide sufficient investment choices so that the asset classes selected <br /> shall be such that taken together Participating Employees will have a reasonable <br /> opportunity to materially affect the potential investment returns in their accounts , while at <br /> the same time controlling risk or volatility . It is the intent that a Participating Employee <br /> may be able to build a balanced portfolio in a manner generally consistent with modern <br /> portfolio theory . <br /> co Guidelines <br /> 1 . Investment options for the Participating Employees shall be determined <br /> solely in the interest of the Participating Employees and their Beneficiaries and for the <br /> exclusive purpose of providing benefits to the Participating Employees and their <br /> Beneficiaries . <br /> 2 . Investment options for the Participating Employees shall be determined <br /> with the care, skill , prudence and diligence under the circumstances then prevailing that a <br /> prudent person acting in a like capacity and familiar with such matters would use in the <br /> conduct of an enterprise of like character and aims . <br /> 3 . Investment options for the Participating Employees shall be determined so <br /> as to offer an array of investment options so Participating Employees can protect <br /> themselves from large losses by appropriately diversifying their account. <br /> D. Participant Control . To the extent permitted by the Plans, Participating <br /> Employees shall be given control over the investment allocation process . This shall include the <br /> right to change investment allocations of existing account balances and future contributions <br /> daily. Participating Employees shall also be given information necessary for them to reasonably <br /> understand the investments and to make reasonably informed investment decisions . <br /> E. Procedure <br /> 1 . The Master Trustees shall use business judgment in selecting investment <br /> products limited to registered investment company ["mutual fund"] shares and collective <br /> investment fund units, which the Master Trustees may own indirectly through a group <br /> trust or a securities account . The Plans ' investment options shall not include any <br /> investment for which the indicia of ownership cannot be held by the Master Trustees in <br /> the United States of America. Investment companies need not be classified as <br /> " diversified" as defined by the Investment Company Act of 1940 . Both passive and <br /> actively managed investment strategies will be considered . <br /> Page 12 of 19 <br /> Revised June 1 , 2007 <br />