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Total Fund Review Investment Performance (% Rate of Return) Total Fund Review Investment Performance (% Rate of Return) As of September 30, 2017 Market % of Calendar Return Inception Value Portfolio 1 Mo. 3 Mo. YTD 1 YR 3 YRS 5 YRS 7 YRS 10 YRS Since Date $128,175,703 100.0 Total Fund 2.0 3.8 12.7 14.3 7.1 8.6 7.8 5.6 6.8 Aug-99 Policy Index 1.4 3.7 11.2 12.0 5.8 7.6 7.4 4.2 5.4 Aug-99 Actual Index 1.7 4.0 11.9 13.4 6.3 8.1 7.4 3.9 4.6 Jan-07 65% MSCI AC World Index/35% Blbg Barc Global Agg 0.9 4.0 13.3 11.3 5.4 6.8 6.6 4.0 4.9 Aug-99 Consumer Price Index 0.5 0.8 2.2 2.2 1.2 1.3 1.8 1.7 2.2 Aug-99 Please Note: - Periods greater than one year are annualized - Since inception returns are calculated from the first full month Berkshire Taconic Community Foundation 5 Segment Performance Benchmark Dependent Metrics relative to S&P 500 Index As of September 30, 2017 10 Years 10 Years Since 10 Years 1 Month 3 Month Year To Date 1 Year 3 Years 5 Years 7 Years 10 Years Standard 10 Years Actual Inception Sharpe Inception Return Return Return Return Return Return Return Return Deviation Beta Correlation Return Ratio Date Total Fund 2.0 3.8 12.7 14.3 7.1 8.6 7.8 5.6 9.7 0.6 0.9 6.8 0.6 Aug-99 Policy Index 1.4 3.7 11.2 12.0 5.8 7.6 7.4 4.2 10.3 0.6 0.9 5.4 0.4 Aug-99 Actual Index 1.7 4.0 11.9 13.4 6.3 8.1 7.4 3.9 9.9 0.6 0.9 4.6 0.4 Jan-07 65% MSCI AC World Index/35% Blbg Barc Global Agg 0.9 4.0 13.3 11.3 5.4 6.8 6.6 4.0 11.9 0.7 0.9 4.9 0.4 Aug-99 Consumer Price Index 0.5 0.8 2.2 2.2 1.2 1.3 1.8 1.7 1.4 0.0 0.1 2.2 0.9 Aug-99 Domestic Equity 2.4 4.4 14.0 17.2 9.6 12.8 13.7 8.0 14.7 1.0 1.0 9.2 0.6 Aug-99 Russell 3000 Index 2.4 4.6 13.9 18.7 10.7 14.2 14.3 7.6 15.6 1.0 1.0 6.1 0.5 Aug-99 International Equity 3.0 5.9 20.4 19.8 6.4 7.8 5.7 2.3 17.6 1.0 0.9 6.1 0.2 Apr-05 MSCI AC World ex USA (Net) 1.9 6.2 21.1 19.6 4.7 7.0 5.2 1.3 19.0 1.1 0.9 5.5 0.1 Apr-05 Flexible Capital 0.8 2.2 7.8 10.2 5.5 7.1 6.7 6.7 4.2 0.1 0.4 8.8 1.4 Jul-01 HFRI Fund of Funds Composite Index 0.5 2.3 5.6 6.5 2.2 3.9 2.9 1.1 5.2 0.3 0.7 3.4 0.2 Jul-01 Global Private Equity 3.8 3.5 14.1 17.9 11.6 15.9 13.6 10.6 9.7 0.0 0.0 1.0 1.0 Jul-01 All Private Equity Benchmark NA NA NA NA NA NA NA NA NA NA NA NA NA Jul-01 Global Fixed Income 0.0 1.1 3.9 2.6 2.0 1.6 2.8 4.4 6.5 0.3 0.6 4.5 0.6 Feb-03 Blbg Barc U.S. Aggregate -0.5 0.8 3.1 0.1 2.7 2.1 3.0 4.3 3.3 0.0 0.0 4.2 1.2 Feb-03 Real Assets 0.0 0.8 1.7 -1.0 1.6 -0.5 1.3 -0.9 15.7 0.7 0.7 -0.9 0.0 Oct-07 Real Assets Composite Index -0.6 0.8 1.7 -0.7 1.6 -0.2 2.2 0.9 12.4 0.6 0.7 0.9 0.1 Oct-07 Cash 0.1 0.2 0.4 0.5 0.2 0.1 0.1 0.3 0.3 0.0 -0.2 1.1 -1.3 Oct-03 Citigroup 3 Month T-Bill 0.1 0.3 0.6 0.6 0.3 0.2 0.2 0.4 0.2 0.0 -0.2 1.2 NA Oct-03 Please Note: - Periods greater than one year are annualized - Since inception returns are calculated from the first full month 6 Investment Return Detail Berkshire Taconic Community Foundation Preliminary as of September 30, 2017 Market % of Calendar Return Inception Value Portfolio 1 Mo. YTD 1 YR 3 YRS 5 YRS 7 YRS 10 YRS Since Date $128,175,703 100.0 Total Fund (including Gift Account) $128,175,703 100.0 Total Fund 2.0 12.7 14.3 7.1 8.6 7.8 5.6 6.8 Aug-99 Policy Index 1.4 11.2 12.0 5.8 7.6 7.4 4.2 5.4 Aug-99 Actual Index 1.7 11.9 13.4 6.3 8.1 7.4 3.9 4.6 Jan-07 65% MSCI AC World Index/35% Blbg Barc Global Agg 0.9 13.3 11.3 5.4 6.8 6.6 4.0 4.9 Aug-99 Consumer Price Index 0.5 2.2 2.2 1.2 1.3 1.8 1.7 2.2 Aug-99 $85,126,727 66.4 Global Equity 2.7 16.2 18.2 8.8 11.4 10.1 5.7 8.0 Aug-99 MSCI AC World Index (Net) 1.9 17.3 18.6 7.4 10.2 9.2 3.9 4.8 $46,163,379 36.0 Domestic Equity 2.4 14.0 17.2 9.6 12.8 13.7 8.0 9.2 Aug-99 Russell 3000 Index 2.4 13.9 18.7 10.7 14.2 14.3 7.6 6.1 $24,490,959 19.1 iShares S&P 500 Index ETF 2.0 14.0 18.6 10.8 14.2 14.6 7.6 8.0 Dec-06 S&P 500 Index 2.1 14.2 18.6 10.8 14.2 14.4 7.4 7.8 $12,413,618 9.7 Adage Capital Partners L.P. 2.8 15.9 19.0 10.0 16.1 16.8 NA 13.0 Jul-08 S&P 500 Index 2.1 14.2 18.6 10.8 14.2 14.4 7.4 10.0 $4,643,204 3.6 Vanguard Extended Market Index Adm Fund 4.2 12.7 19.0 NA NA NA NA 8.1 Jun-15 Spliced Extended Market Index 4.2 12.7 18.9 10.3 14.1 13.8 8.2 7.9 $4,615,598 3.6 Parnassus Core Equity Instl Fund 1.8 10.7 13.2 NA NA NA NA 12.5 Apr-16 S&P 500 Index 2.1 14.2 18.6 10.8 14.2 14.4 7.4 16.8 Berkshire Taconic Community Foundation 7 Investment Return Detail Berkshire Taconic Community Foundation Preliminary as of September 30, 2017 Market % of Calendar Return Inception Value Portfolio 1 Mo. YTD 1 YR 3 YRS 5 YRS 7 YRS 10 YRS Since Date $28,198,288 22.0 Non-U.S. Developed Equity 3.2 20.4 20.2 6.5 9.3 7.2 3.1 6.8 Apr-05 MSCI EAFE (Net) 2.5 20.0 19.1 5.0 8.4 6.4 1.3 5.1 $7,995,857 6.2 Dodge & Cox Intl Stock Fund 3.4 22.5 26.6 3.9 10.1 7.1 2.9 6.5 Apr-05 MSCI AC World ex USA (Net) 1.9 21.1 19.6 4.7 7.0 5.2 1.3 5.5 $6,008,836 4.7 Mondrian Intl Small Cap Equity Fund, L.P. 2.9 24.8 16.5 8.3 8.6 8.4 NA 10.2 Oct-08 MSCI EAFE Small Cap Index (Net) 2.9 25.4 21.8 11.1 12.8 10.0 4.6 10.4 $6,461,540 5.0 Highclere Intl Investors Smaller Companies Fund 2.0 24.0 21.3 11.4 13.0 11.1 NA 12.5 Oct-08 S&P EPAC Developed BMI < $2Billion (Gross) 1.7 21.6 17.7 9.4 11.3 8.4 3.1 8.7 $7,732,055 6.0 Causeway Global Value Instl Fund 4.3 12.6 15.7 NA NA NA NA 5.2 Apr-15 MSCI World Index (Net) 2.2 16.0 18.2 7.7 11.0 10.1 4.2 7.9 $2,643,451 2.1 Emerging Markets Equity 0.1 21.0 15.0 4.7 4.8 2.2 NA 5.2 Sep-09 MSCI Emerging Markets Net Index -0.4 27.8 22.5 4.9 4.0 2.5 1.3 5.7 $2,643,451 2.1 Prince Street Opportunities Offshore, Ltd Class A 0.1 21.0 15.1 4.2 7.7 NA NA 4.4 Apr-11 MSCI Emerging Markets Net Index -0.4 27.8 22.5 4.9 4.0 2.5 1.3 1.3 $8,121,609 6.3 Global Private Equity 3.8 14.1 17.9 11.6 15.9 13.6 10.6 1.0 Jul-01 Russell 3000 Index 2.4 13.9 18.7 10.7 14.2 14.3 7.6 7.0 Berkshire Taconic Community Foundation 8 Investment Return Detail Berkshire Taconic Community Foundation Preliminary as of September 30, 2017 Market % of Calendar Return Inception Value Portfolio 1 Mo.
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