Paper-cut and water-resistant folder is made from WaterShed/Cutless paper, a specially formulated 11 point manila stock. The WaterShed feature provides added protection against spills. The Cutless feature reduces incidence of paper cuts. Folder features reinforced tabs in assorted 1/3 cut positions and 2" capacity fasteners in positions No. 1 and 3. Contains 30 percent post-consumer recycled material.