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(b) Services to Master Trustees <br /> ( 1 ) Nature and frequency of investment reports <br /> (2) Availability and access to Administrator and Managers <br /> (3 ) Corresponding costs and expenses associated with Plan <br /> record keeping and reporting and administration <br /> (4) Quantitative and qualitative due diligence regarding the <br /> Managers <br /> F. Asset Classes . As a result of review and analysis, and in consideration of the <br /> criteria outlined in this policy, the Master Trustees have selected the following asset classes <br /> (investment styles) . It is understood that this list is dynamic and subject to change by <br /> amendment of this policy at any time and from time to time : <br /> 1 . Money Market Fund - Seeks income by investing in cash or cash <br /> equivalent investments, primarily from banks . <br /> 2 . Stable Value Fund - Seeks income with capital preservation by investing <br /> in a pool consisting of one or more of the following : GICs, synthetic investment <br /> contracts and separate account investment contracts issued by insurance companies ; bank <br /> investment contracts ; asset-backed securities ; Treasury bonds and cash equivalents . The <br /> preponderance of its assets are invested in securities with a credit quality of AAA . <br /> 3 , Short Term Bond Fund - Seeks income by investing the preponderance of <br /> the fund ' s assets in fixed income securities , primarily corporate bonds of various credit <br /> ratings and other investment grade securities . Will generally invest in securities with <br /> average credit ratings of at least BBB or better and with average effective durations of <br /> between 1 and 3 . 5 years . <br /> 4 . Intermediate Term Bond Fund - Seeks income by investing the <br /> preponderance of the fund ' s assets in fixed income securities , primarily corporate bonds <br /> of various credit ratings and other investment grade securities . Will generally invest in <br /> securities with average credit ratings of at least BBB or better and with average effective <br /> durations of between 3 . 5 and 6 years . <br /> 5 . Long Term Bond Fund - Seeks income by investing the preponderance of <br /> the fund' s assets in fixed income securities, primarily corporate bonds of various credit <br /> ratings and other investment grade securities . Will generally invest in securities with <br /> average credit ratings of at least BBB or better and with average effective durations <br /> greater than 6 years . <br /> 6 . Balanced Fund — Seeks both income and growth of capital by investing in <br /> fixed income securities with average credit ratings of BBB or better and large cap <br /> domestic equities . <br /> 7 . Large Company Value Fund — Seeks growth of capital and current income <br /> as near equal objectives by investing in securities with above- average yields and with <br /> some potential for appreciation. Exhibits an investment style generally categorized as <br /> large value by investing the preponderance of its assets in securities with weighted <br /> Page 14 of 19 <br /> Revised June 1 , 2007 <br />