Exhibit 1
Miami University - Non-Endowment (Tier 2)
Policy Allocation Targets, Ranges and Benchmarks
June 2018
| Asset Category | Policy Allocation | Policy Ranges (-,+) |
Benchmark Indices1 | |
|---|---|---|---|---|
| Fixed Income-U.S. Treasury & Gov't Agency Securities | 100.0% | -10.0% | 0.0% | ICE BAML 0-2 Year Treasury Index |
| Cash | 0.0% | 0.0% | 10.0% | Citigroup 3 Month Treasury Bill Index |
| Total | 100.0% | |||
Footnotes
1The Policy Benchmark will be reported both gross and net of assumed passive management fees and rebalancing costs.
2Targeted Duration for the Baseline Allocation: a range of +/- 0.5 years will be targeted around the duration of the benchmark. For example, should the ICE BAML 0-2 Year Treasury Index carry a duration of 1 year, a target range of 0.5 and 1.5 years will be targeted.
3Should this sub-account house funds earmarked for special university projects requiring target date matching, the University Staff will establish an estimated draw schedule and the OCIO will invest in U.S. Treasury and government/agency securities accordingly.