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VESTMENT POLICY STATEMENT A KNOW LEDGEMENT

We recognize the i mportance of adheri ng to the m i ssion and strategy detailed in this policy. We agr e to work to fulfill the objectives stated herein, within the guidel i nes an d restrictions, to the be of our ability We acknowledge that open communications are essential to fulfilling this mi ion, and therefore , recogn i ze that suggest i ons regarding appropriate adjustments to t his po licy or he way i nvestment performance is reviewed are expected .

b.3(. 2.2-

Date ~/5--~ o~,½7 /,._~ innesota State University- Mankato Foundation

F nd Evaluation Group , LLC

Date

May 13, 2022

Date

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