1. The Investment Advisory Group (or “IAG”) members are expected to attend in-person at least three of the quarterly Board meetings and present at least one topic annually for the Board’s consideration on: (a) current market events or strategies impacting the management of large institutional funds, or (b) based on Board input or request for specific topic coverage with all topics approved by the Board Chair. IAG members shall attend at least three of the Board meetings in person, and may attend the remaining three meetings virtually. APFC will work with IAG members to stagger scheduling of inperson attendance to promote consistent in-person attendance by the IAG at board meetings. IAG members will attend other meetings as requested by the Board including additional meetings that are scheduled during the evening of Day 1 of a two-day Board meeting. The time commitment for this position is estimated to be 10-15 hours/month. 2. The IAG will provide comments to the Board on the following issues: (a)The long-term or strategic asset allocation of the Fund; (b)The risk management framework of the Fund; (c) Any changes to the investment policy; (d)Any proposed investment in new asset classes; (e) Any proposed investment in new or innovative investment products or strategies, particularly those involving alternative or non-traditional asset classes; (f) Any significant changes to the investment management structure of the Fund, including the following: i) The relative proportion of assets in an asset class managed by external investment managers versus internal staff; ii) The relative proportion of assets in an asset class managed using active versus passive investment strategies; iii) The total number of active investment managers or portfolios in an asset class; (g)Appropriate content for trustee education; (h) Other investment, operational and strategic planning issues that arise in the normal course of APFC business for which IAG perspective would be useful; and any other issue at the discretion of the IAG or as requested by the Board. 3. IAG members should seek to collaborate with APFC senior management through contact with the Chief Investment Officer and/or Chief Executive Officer prior to each quarterly Board meeting to discuss topics on the agenda for the upcoming meeting, including: (a) Fund performance for the quarter; (b)Changes being considered or implemented to the asset allocation or investment policy; and (c) Any special topics that are to be discussed at the upcoming Board meeting. 4. Each member of the IAG will annually visit the Juneau office of the APFC and attend inperson an investment committee meeting of the APFC Staff.
