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| INVESTMENTS: INVESTMENT POLICY |
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Rebalancing
It is the responsibility of staff to ensure that the asset
allocation is adhered to by following the policy the board
has established on rebalancing. Staff has engaged NISA
Investment Advisors of St. Louis, Missouri, to assist in the
oversight and implementation of the rebalancing policy.
MOSERS utilizes a combination of cash market and
exchange traded futures transactions to maintain the total
fund’s allocation at the broad policy level. Month-end
reviews are conducted to bring the portfolio back within
allowable ranges of the broad policy targets.
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