Proxy Voting Policy

This document sets forth the proxy voting policy and guidelines of the Vermont State Treasurer's Office and Vermont's three state-sponsored defined benefit pension funds. All investment managers for Vermont responsible for the voting of our owned common stock are expected to take the following proxy voting policy and guidelines into consideration before making proxy voting decisions.

We expect our investment managers to vote our proxies solely in the best interest of plan participants and beneficiaries, and Vermont citizens. Investment managers are expected to act with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.

Proxy Voting Policy Statement & Guidelines