Common use of Investment Guidelines Clause in Contracts

Investment Guidelines. The investments will be managed on a fully discretionary basis, subject to the guidelines and constraints described below and in a manner consistent with the overall policy framework. Table 1 below presents broad policy guidelines as to the percent of total long-term assets that may be invested in any particular asset category. The level of exposure within the established range will be governed by the fundamental long-term outlook for total returns within the given asset category in relation to assessed risk combined with shorter-term tactical or technical issues. The Advisor may invest up to ten percent of invested assets in assets not falling within the investments authorized below provided that the investment is permitted under applicable state regulations and the transaction is reported to the Board of Directors of the Company or the authorized committee thereof at its next regularly scheduled meeting. Table 1 Asset Category Guidelines Maximum % of Asset Category Invested Assets or Surplus Limits Within Asset Category Debt Obligations:

Investment Guidelines. The investments will be managed on a fully discretionary basis, subject to the guidelines and constraints described below and in a manner consistent with the overall policy framework. Table 1 I below presents broad policy guidelines as to the percent of total long-term assets that may be invested in any particular asset category. The level of exposure within the established range will be governed by the fundamental long-term outlook for total returns within the given asset category in relation to assessed risk combined with shorter-term tactical or technical issues. The Advisor may invest up to ten percent of invested assets in assets not falling within the investments authorized below provided that the investment is permitted under applicable state regulations and the transaction is reported to the Board of Directors of the Company or the authorized committee thereof at its next regularly scheduled meeting. Table 1 Asset Category Guidelines Maximum % of Asset Category Invested Assets or Surplus Limits Within Asset Category Debt Obligations:

Investment Guidelines. The investments will be managed on a fully discretionary basis, subject to the guidelines and constraints described below and in a manner consistent with the overall policy framework. Table 1 below presents broad policy guidelines as to the percent of total long-term assets that may be invested in any particular asset category. The level of exposure within the established range will be governed by the fundamental long-term outlook for total returns within the given asset category in relation to assessed risk combined with shorter-term tactical or technical issues. The Advisor may invest up to ten percent of invested assets in assets not falling within the investments authorized below provided that the investment is permitted under applicable state regulations and the transaction is reported to the Board of Directors of the Company or the authorized committee thereof at its next regularly scheduled meeting. Table 1 Asset Category Guidelines Maximum % of Invested Assets Asset Category Invested Assets or Surplus Limits Within Asset Category Debt Obligations: