DePaul University
PAE-T2-6: Socially Responsible Retirement Plan

Included in the 403(b) plan investment menu for DePaul participants is the CREF Social Choice fund. "The CREF Social Choice Account strives to achieve favorable long-term performance results similar to the investment returns of the financial markets. The Account utilizes a benchmark centric approach and maintains a portfolio of socially screened securities. The Account is a balanced strategy that typically invests approximately 47% of its assets in domestic stocks, 13% in foreign stocks and 40% in bonds and other fixed income securities. The Account primarily invests in companies screened by MSCI, Inc. (MSCI) to favor companies that meet or exceed specified environmental, social and governance (ESG) criteria. The evaluation process seeks companies that are strong stewards of the environment; devoted to serving local communities and society in general; committed to high labor standards; dedicated to producing high-quality, safe products; and managed in an ethical manner. While not automatically excluded from the Account, most companies involved in the alcohol, tobacco, gambling, firearms, military, and nuclear power industries are ineligible for inclusion in the MSCI ESG Indices due to their poor overall ESG performance."