
POLICY TO EXCLUDE SECURITIES OF COMPANIES MANUFACTURING
TOBACCO PRODUCTS FROM INDEX FUNDS AND TO CONTINUE EXISTING EXCLUSION FROM
ACTIVLY MANAGED FUNDS
Adopted January 18, 2001
(1) The Treasurer, using the standards
established for the Russell 3000 Tobacco Free Index
and the MSCI EAFE Tobacco Free Index, shall continue
the current practice of not directly investing in tobacco
products companies.
(2) The Russell 3000 Tobacco Free
Index and the MSCI EAFE Tobacco Free Index, which exclude
the stocks of tobacco products companies, be adopted
as the index funds authorized by the Asset Allocation
Plan.
(3) Should the Treasurer determine at any time that
The Regents' investment objectives are compromised by
this policy, a report describing the circumstances shall
be prepared by the Treasurer with appropriate recommendations.