Specifications include, but are not limited to: 1. The Supplier shall abide by and not violate BWC’s IPS and acknowledge its fiduciary responsibility for the assets it manages for BWC and shall manage the assets within the guidelines and restrictions of the BWC IPS adopted by the BWC BOD. The Supplier is responsible for identifying and monitoring compliance to the approved investment guidelines. 2. The supplier shall be expected to achieve acceptable risk-adjusted portfolio returns by meeting or outperforming the benchmark Index returns per annum, both gross of management fees and net of management fees, over the trailing three-year period within acceptable returns tracking error and dispersion objectives. 3. The supplier shall be expected to outperform the peer group manager total return median over the trailing three-year period gross-of-fees.