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%


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.