Page 14 - October 2023

INVESTMENT VALUATION BY MANAGER AS OF SEPTEMBER 30, 2023
% of 12/31/2022 9/30/22 12/31/22 3/31/23 6/30/23 9/30/23 Portfolio Target Allocation 1 Month Return Return
Total Fund
Total Global Public Equity
Global Equity
GQG Partners Global Equity Fund
U.S. Equity
Adage Capital Partners, L.P.
Vanguard Total Stock Market Index Instl Fund Champlain Small Company Instl Fund
Non-U.S. Developed Equity
Vanguard Developed Markets Index Instl Fund Silchester Intl Value Equity Trust
Baxter Street Offshore Fund, Ltd.
Emerging Markets Equity
Coronation Global Emerging Markets Unit Trust Vanguard Emg Mkt Stk Idx Instl Fund
Overlook Partners Fund, L.P.
Gaoling Feeder Fund
Total Flexible Capital
Davidson Kempner Institutional Partners, L.P. Farallon Capital Offshore Investors II LP Diameter Offshore Fund LP
Cat Rock Capital Partners Cayman, Ltd. OrbiMed Partners, Ltd.
Junto Offshore Fund Ltd.
Mangrove Illiquid Side Pocket Investments Farallon Capital Institutional Partners, L.P.
Cat Rock Residual
Cerberus International, Ltd.
Redwood Offshore Fund Ltd (Illiquid Side-pockets) Shepherd Select Asset Ltd. (Stark)
Total Fixed Income/Liquid Capital
Fidelity Intermediate Treasury Bond Fund Fidelity Long Term Treasury Bond Fund Vanguard Infl Prot Sec Short Term Adm Fund First American Treasury Obligations Z Fund Truist Cash Fund
Semper Vic Holdback
$235,692,479
$105,716,362
$10,226,948
$10,226,948
$60,499,368
$39,688,674 $15,414,544 $5,396,150
$24,738,205
$3,733,011 $12,767,365 $8,237,829
$10,251,841
$10,427 $3,610,455 $5,071,003 $1,559,956
$28,935,539
$8,976,878 $3,361,569 $8,171,677 $834,101 $2,347,845 $4,627,596 $491,407 $96,860
- $7,536 $15,295 $4,775
$33,178,730
$13,947,424 $5,198,046 $4,182,276 $9,209,088 $302,659 $339,237
$238,259,494
$119,250,077
$11,582,819
$11,582,819
$62,648,961
$43,007,644 $13,757,443 $5,883,874
$30,051,994
$5,543,597 $15,139,437 $9,368,960
$14,966,303
$10,427 $7,703,811 $5,559,436 $1,692,629
$29,545,337
$9,151,263 $3,738,863 $8,161,006 $922,399 $2,380,149 $4,753,379 $307,955 $100,905
- $8,346 $16,297 $4,775
$27,122,692
$13,097,769 $5,132,085 $4,233,283 $3,662,443 $657,876 $339,237
$245,397,312 $250,697,201
$126,589,473 $129,958,870
$11,287,382 $12,427,750
$11,287,382 $12,427,750
$67,268,946 $71,329,217
$46,382,581 $50,912,198 $14,741,382 $13,945,648 $6,144,984 $6,471,371
$32,405,893 $33,017,865
$5,971,501 $5,910,664 $16,230,518 $16,737,309 $10,203,874 $10,369,893
$15,627,251 $13,184,038
$10,427 $10,427 $7,981,703 $5,857,314 $5,907,085 $5,804,008 $1,728,037 $1,512,288
$30,124,042 $29,711,982
$9,260,739 $9,359,449 $3,802,372 $3,851,791 $8,339,740 $8,490,897 $1,094,905 $48,619 $2,317,084 $2,428,493 $4,864,192 $4,958,515 $317,715 $328,336 $97,552 $100,489
- $115,760 $7,795 $7,795 $17,172 $17,062 $4,775 $4,775
$27,159,454 $29,457,111
$13,544,908 $13,298,467 $5,480,996 $5,353,239 $4,329,643 - $2,841,207 $10,024,259
$962,700 $781,146 - -
$243,083,923 100.0
$126,752,568 52.1
$12,475,764 5.1
$12,475,764 5.1
$69,344,580 28.5
$49,822,489 20.5 $13,486,893 5.5 $6,035,199 2.5
$32,147,031 13.2
$5,633,732 2.3 $16,916,003 7.0 $9,597,296 3.9
$12,785,193 5.3
- 0.0 $5,730,879 2.4 $5,551,169 2.3 $1,503,145 0.6
$30,816,152 12.7
$9,495,706 3.9 $3,898,291 1.6 $8,663,924 3.6
$48,463 0.0 $2,193,320 0.9 $6,053,905 2.5
$233,489 0.1 $83,734 0.0 $115,760 0.0 $7,795 0.0 $16,989 0.0 $4,775 0.0
$23,524,676 9.7
$12,890,302 5.3 $4,719,932 1.9 - 0.0 $4,840,483 2.0 $1,073,960 0.4 0.0
50.0
-2.2 -2.4
-3.7 -3.0
-3.2 -2.0
-3.2 -2.0
-4.6 -5.2
-4.4 -4.9 -4.8 -5.9 -5.8 -4.4
-2.6 0.0
-3.7 -2.2 -1.9 2.5 -3.2 -2.5
-2.4 -0.4
2.1 0.0 -2.1 -2.1 -2.6 1.4 -2.7 3.8
0.3 0.2
0.5 1.0 0.0 0.9 1.3 0.6 -0.1 -5.4 -4.6 -2.0 0.6 0.2 0.0 -3.3 0.0 4.2
-2.7 -1.0
-2.3 -1.0 -7.3 -2.3 NA -0.3 0.4 0.3 0.0 0.0
12.5
12.5
Page 12 October Report