REVIEWED REQUEST AND AGENCY RESPONSE EXCERPTS Plain-text transcription, not an agency PDF. Line wrapping normalized; brackets identify omissions. Subject: Arkansas FOIA request - September 2026 APERS Israel Bonds holdings and governing records Request sent: September 8, 2026, 12:56 p.m. CDT [Requester identity, contact details, identity attachment and unrelated request categories omitted.] Request category 4: Existing analyses, consultant recommendations, reviews, and recorded decisions or instructions dated February 14 through September 7, 2026 concerning APERS’s Israel Bonds exposure, suitable alternative investments, credit, yield/return, fees, liquidity, concentration, cash requirements, additional purchases, renewal, maturity proceeds or non-reinvestment. Agency response: September 9, 2026, 20:42:05 UTC (3:42 p.m. CDT) From: Laura Gilson, APERS General Counsel 4. Existing analyses, consultant recommendations, reviews, and recorded decisions or instructions dated February 14 through September 7, 2026 concerning APERS’s Israel Bonds exposure, suitable alternative investments, credit, yield/return, fees, liquidity, concentration, cash requirements, additional purchases, renewal, maturity proceeds or non-reinvestment. No responsive APERS records exist for this requested category. [Salutation, other request categories and answers, signature contact details and quoted message chain omitted. The response also supplied two attachments for the holdings and transaction categories; those are separately available in the source library.]