• Designed today [and updated in future] based on equilibrium, not next 5- 10 year returns 28 EFTA_R1_02033273 EFTA02691382 Asset Allocation Policy Roadmap ( Current Portfolio K Short Term )(1-3 yr) Policy Portfolio 1 1 1 1 1 2011 Next 1-3 years • First step towards long term portfolio • Ma