United Parcel Service, Inc.

MAA has Target Asset Allocation categories, which have associated asset class allocation ranges: conservative, moderately conservative, moderate, moderately aggressive, aggressive, equity-focused, fixed income-focused, alternative investment-focused and custom allocation. The firm's more conservative target asset Allocations typically recommend a greater percentage of client's assets be allocated to fixed income investments and cash, rather than to equity securities. The more aggressive target asset allocations typically recommend a greater percentage of client's assets be allocated to equity investments and alternative investments, rather than to fixed income investments and cash. The equity-focused, fixed Income-focused or alternative investment-focused target asset allocation categories allows to orient portfolio towards a single asset class and get more significant exposure to a single asset class.

ClearBridge Investments offers strong leadership, seasoned Portfolio Managers, and a well-resourced, centralized investment infrastructure operating from offices in New York and San Francisco. We benefit from the formidable strength of the Legg Mason organization, while continuing to operate with investment independence — maintaining our own investment strategies, philosophies and investment decision-making authority. ClearBridge currently has over 158 employees, including more than 54 investment professionals.

Boston Partners primarily provides advice using a value style approach for large-cap equity, mid-cap equity, small-cap equity, long/short equity, alpha extension, global equity, and international equity. Their investment process is grounded in bottom-up fundamental analysis. The firm employs an efficient and repeatable investment process designed to identify companies with: attractive valuations, sound business fundamentals and improving business momentum. Boston Partners' investment strategies include several long/short equity products which include selling securities short. The securities sold short may not be considered \"value\" securities but are considered to be overvalued by Boston Partners on its quantitative screening and fundamental security analysis. For certain long/short portfolios, they use single name security swaps, negotiated on a bilateral basis and not cleared through a central clearing facility. Swaps are used to provide short exposure in markets where physical shorting is not allowed or to obtain exposure to a security to manage margin requirements more efficiently.

Vice President, Global Government Affairs & Community Relations at The Clorox Co. Foundation