2020 Convention

I.

DEFINITIONS 1

E.

“The Executive Committee.” The Executive Committee of the board of the Trustees.

VIII. DOCUMENTATION: INVESTMENT MANAGEMENT

A. The investment manager shall follow the policies contained herein and shall submit a written statement describing its proposed investment strategy and tactics for achieving the investment objectives in this policy statement. The manager shall inform the Executive Committee Trustees whenever the manager’s investment strategy changes significantly or whenever assessment of current market conditions indicates a change is needed in any policy contained herein. B. The Investment manager shall supply statements quarterly. C. In periodic meetings with the Executive Committee Trustees , the Investment manager shall review the investment returns of the fund relative to the standards of performance and the manager’s investment strategy and tactics as described in Section VI. B above. Such meetings shall be held on a quarterly basis . B. Management, investment, and distribution of the Fund shall be subject to such other rules as may be applicable, including, but not limited to, those found in the following places: Articles of Incorporation and Bylaws of the Trustees; actions of Council; UMIFA and other statutes; and restriction and directives applicable to the individual sub-funds within the Fund. C. The Executive committee Trustees shall review annually this Endowment Policy Statement and make such amendments thereto as it deems advisable. Such amendments will then be ratified at Convention by the Executive Board of the Episcopal Diocese of Southwestern Virginia . D. The Executive Committee Trustees reserves the right to amend or repeal this Endowment Policy Statement at any time. E ' . This Endowment Policy Statement supersedes previous investment policy statements. F E . The adoption of this Endowment Policy Statement by the Executive Committee Trustees is pursuant to the authority, contained in the Bylaws of the Trustees., which directs the Executive Committee to conduct the affairs of the Trustees between meetings of the Trustees’ board. ADMINISTRATION, MODIFICATION, MISCELLANEOUS A. Expenses shall be chargeable to the Fund.

IX.

1 Please note that section numbers and letters are copied directly from the specific sections of the EPS that have proposed revisions.

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