UBC Endowment Dec 31, 2018 Investment Assets and Managers (in millions CAD)

Market Value % of Total Market Value % of Total Canadian Fixed Income 228.0 13.8% Infrastructure Equity 218.7 13.2% Phillips, Hager & North (Vancouver, BC) AMP Capital (Sydney, AU) UBC Debenture Direct Co-investments administered by Kindle Capital (Toronto, ON) British Columbia Corporation (Victoria, BC) Mortgages and Private Debt 99.0 6.0% Fengate Capital Management (Toronto, ON) ACM Advisors (Vancouver, BC) IFM Global Infrastructure (New York, NY) Addenda Capital (Montreal, QC) Macquarie (New York, NY) Ares Capital Management (Los Angeles, CA) RARE Infrastructure (Sydney, AUS) Park Square Capital (London, UK) Deutsche Asset Management (London, UK)

Canadian Equity 150.6 9.1% Absolute Return Strategies 105.0 6.3% Beutel, Goodman & Company Ltd. (Toronto, ON) AQR Capital Management (Greenwich, CT) Leith Wheeler (Vancouver, BC) BlackRock Alternative Advisors (Seattle, WA) Blackstone Alternative Asset Management (New York, NY) Foreign Equity (US, International (EAFE), Global & 526.9 31.8% Federal Way Asset Management (Seattle, WA) Emerging Markets) Acadian Asset Management (Boston, MA) Multi-Asset Strategy 62.0 3.7% Arrowstreet Capital (Boston, MA) Multi-Asset State Street Global Advisors (Boston, MA) TD Asset Management (Toronto, ON) UBC Endowment - IMANT Directed * 1,656.7 100.0% Russell Investments (Seattle, MA) Wellington Management (Boston, MA) UBC Endowment - Sustainable Future Pool 15.0 Private Equity 109.6 6.6% 17Capital (London, UK) Associated Foundations/Affiliates¹ 203.9 Ardian (Paris, FR) Jarislowsky Fraser - Global Balanced (Montreal, QC) Azimuth Capital Management (Calgary, AB) UBC Foundation - Canadian Equity (Vancouver, BC) Commonfund Capital (Wilton, CT) Vancouver Foundation - Global Balanced (Vancouver, BC) Fulcrum Capital Partners (Vancouver, BC) Hamilton Lane (Philadelphia, PA) Lexington Capital (New York, NY) UBC Endowment - Total 1,875.7 MatlinPatterson Global Advisors (New York, NY) NB Alternatives (New York, NY) Northleaf Capital (Toronto, ON) Pantheon Ventures (San Francisco, CA) 17Capital (London, UK) Multi-Asset Cash State Street Global Advisors (Boston, MA) 3.7% 1.8% UBC Debenture The Carlyle Group (Washington, DC) 7.3% Hedge Funds Universe Bonds Real Estate 156.8 9.5% 6.3% 6.0% Aetos Capital (New York, NY) Bentall Investment Management (Vancouver, BC) Infrastructure Private Debt & Mortgages 6.0% Brookfield Asset Management (New York, NY) Equity 13.2% Concert Properties Ltd. (Vancouver, BC) Canadian Equities Fiera Properties Ltd. (Toronto, ON/Halifax, NS) 9.1% Real Estate GPM Investment Management (Toronto, ON) 9.5% LaSalle Investment Management (Toronto, ON/Chicago, IL/) US Equity Second City Real Estate (Vancouver, BC) 7.1% Starwood Capital (Greenwich, CT) Private Equity 6.6% Woodbourne Canada Management Inc. (Toronto, ON) International Emerging Markets Equities Equities Global Small Cap 6.2% 8.7% Equity Global Equity * Asset mix percentages reflect IMANT directed endowment investments only and excludes $203.9 5.0% 4.7% million of investments at associated foundations. ¹ Numbers provided by UBC Finance (reported in their Financial Statements) UBC Staff Pension Plan Dec 31, 2018 Investment Assets and Managers (in millions CAD)

Market Value % of Total Market Value % of Total Canadian Fixed Income and Mortgages 575.2 33.8% Infrastructure Equity 220.6 13.0% Phillips, Hager & North (Vancouver, BC) AMP Capital (Sydney, AU) State Street Global Advisors (Boston, MA) Direct Co-investments administered by Kindle Capital (Toronto, ON) Asset Management (Toronto, ON) British Columbia Investment Management Corporation (Victoria, BC) Fengate Capital Management (Toronto, ON) Infrastructure Debt 174.5 10.2% IFM Global Infrastructure (New York, NY) Fiera Capital Corporation (Toronto, ON) Macquarie (New York, NY) IAM Group (Toronto, ON) RARE Infrastructure (Sydney, AUS) Stonebridge Financial Corporation (Toronto, ON) Deutsche Asset Management (London, UK)

Canadian Equity 155.0 9.1% Absolute Return Strategies 0.2 0.0% Beutel, Goodman & Company Ltd. (Toronto, ON) BlackRock Alternative Advisors (Seattle, WA) Leith Wheeler (Vancouver, BC) Blackstone Alternative Asset Management (New York, NY)

Foreign Equity (US, International (EAFE), Global & 320.2 18.8% Emerging Markets) UBC Staff Pension Plan - Total 1,703.5 100.0% Acadian Asset Management (Boston, MA) Arrowstreet Capital (Boston, MA) State Street Global Advisors (Boston, MA) TD Asset Management (Toronto, ON) Russell Investments (Seattle, MA) Infrastructure Equity Cash 1.9% Private Equity 56.9 3.3% 13.0% 17Capital (London, UK) Long Term Fixed Ardian (Paris, FR) Real Estate Income Azimuth Capital Management (Calgary, AB) 11.8% 28.0% Commonfund Capital (Wilton, CT) Fulcrum Capital Partners (Vancouver, BC) Private Equity Hamilton Lane (Philadelphia, PA) 3.3% Lexington Capital (New York, NY) Emerging Markets Real Return Bonds NB Alternatives (New York, NY) Equity 3.8% Northleaf Capital (Toronto, ON) 4.6% Global Equity 3.2% Infrastructure US Equities Real Estate 200.8 11.8% Debt 5.1% Bentall Investment Management (Vancouver, BC) International Canadian Equity 10.2% British Columbia Investment Management Corporation (Victoria, BC) Equities 15504739104.0% Brookfield Asset Management (New York, NY) 5.9% Concert Properties Ltd. (Vancouver, BC) Fiera Properties Ltd. (Toronto, ON/Halifax, NS) GPM Investment Management (Toronto, ON) LaSalle Investment Management (Toronto, ON/Chicago, IL/Singapore) Second City Real Estate (Vancouver, BC) Starwood Capital (Greenwich, CT) Woodbourne Canada Management Inc. (Toronto, ON)