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HomeMy WebLinkAboutAgenda Packet - LB - 2021.01.19City of Burlingame BURLINGAME Meeting Agenda - Final Library Board of Trustees Tuesday, January 19, 2021 5:30 PM BURLINGAME CITY HALL 501 PRIMROSE ROAD BURLINGAME, CA 94010 On March 17, 2020, the Governor issued Executive Order N-29-20 suspending certain provisions of the Ralph M. Brown Act in order to allow for local legislative bodies to conduct their meetings telephonically or by other electronic means. Pursuant to the Governor's Executive Order N-33-20 issued on March 19, 2020, and the CDC's social distancing guidelines which discourage large public gatherings, the Burlingame Public Library will not be open to the public for the January 19, 2021 Library Board of Trustees Meeting. Members of the public may view the meeting by logging into the Zoom meeting below. Members of the public may provide written comments by email to publiccomment@burlingame.org. Emailed comments should include the specific agenda item on which you are commenting, or note that your comment concerns an item that is not on the agenda. The length of the emailed comment should be commensurate with the three minutes customarily allowed for verbal comments, which is approximately 250-300 words. To ensure that your comment is received and read to the Library Board of Trustees for the appropriate agenda item, please submit your email no later than 5:00 p.m. on Tuesday, January 19, 2021. The City will make every effort to read emails received after that time, but cannot guarantee such emails will be read into the record. Any emails received after the 5:00 p.m. deadline which are not read into the record will be provided to the Library Board of Trustees after the meeting. Note that votes are unanimous unless separately noted for the record. Online City of Burlingame Page 1 Printed on 111512021 Library Board of Trustees Meeting Agenda - Final January 19, 2021 1. CALL TO ORDER - 5:30 p.m. - Online To Join the Zoom Meeting (note that the link below doesn't look like a hyperlink but it is) https://us02web.zoom.us/j/89842611866? pwd=ZGYzbm4xa0ZmcW5TK2p2bGtYVTIrUT09 Meeting ID: 898 4261 1866 Passcode:707544 One tap mobile +16699006833„89842611866#,,,,*707544# US (San Jose) +12532158782„89842611866#.... *707544# US (Tacoma) Dial by your location +1 669 900 6833 US (San Jose) +1 253 215 8782 US (Tacoma) +1 346 248 7799 US (Houston) +1 312 626 6799 US (Chicago) +1 929 436 2866 US (New York) +1 301 715 8592 US (Washington D.C) 2. ROLL CALL 3. PUBLIC COMMENTS, NON -AGENDA Members of the public may speak about any item not on the agenda. Members of the public wishing to suggest an item for a future Library Board of Trustees' agenda may do so during the public comment period. The Ralph M. Brown Act (the State local agency open meeting law) prohibits Trustees from acting on any matter that is not on the agenda. 4. APPROVAL OF MINUTES a. Approval of Library Board of Trustees' Meeting Minutes for December 15, 2020 Attachments: Meeting Minutes 5. CORRESPONDENCE AND INFORMATION a. December Statistics Attachments: Adult Services Statistics Children's and Teen Statistics City of Burlingame Page 2 Printed on 111512021 Library Board of Trustees Meeting Agenda - Final January 19, 2021 6. REPORTS a. Foundation Report 7. OLD BUSINESS a. Silicon Valley Foundation - Investment Strategy Discussion Attachments: Powerpoint Presentation Update on all Pools Julia M. Farrell Statement Roger and Jean Hunt Duncan Fund Statement 8. NEW BUSINESS a. Library Update Presentation b. 2021 Holiday Schedule Attachments: Schedule 9. ANNOUNCEMENTS 10. ADJOURNMENT Any writings or documents provided to a majority of the Library Board of Trustees will be made available for public inspection at the City of Burlingame's website: www.burlingame.org. City of Burlingame Page 3 Printed on 111512021 Burlingame Library Board of Trustees December 15, 2020 Minutes Roll Call Trustees Present: Kristin Capkin, Danielle Garcia, Randi Murray, Mike Nagler, Elisabeth Ostrow Staff Present: Brad McCulley, City Librarian Sidney Poland, Recorder Guest: James Cutler SVCF II. Library Board of Trustees Minutes The Trustees unanimously approved the minutes of the November 17, 2020 Trustee Meeting. M/S/C (Murray/Nagler) III. From the Floor No one from the public attended the meeting. IV. Statistics • Adult Services held 13 virtual programs with an attendance of 197. • Children's Department held 47 Children's and Teen programs with an attendance of 2,311. In addition 460 book bundles made up of 2,311 children's books were assembled. V. Reports A. City Librarian's Report - Highlights • CPU - The wording of the Governor's order will determine if CPU can continue. Lisa Goldman, City Manager, may permit CPU to continue with the stipulation that staff be reduced to only 5 people in the building at one time. Most staff members will have to work from home. San Francisco, South San San Francisco, and Daly City will discontinue CPU December 18th. • Book Bundles - The total number of book bundles the Children's Dept. has assembled since the project began is 10,000. • United Against Hate - The Equity Team and staff did an excellent job in putting together events for this project. Although, attendance was not as high as hoped for, those who did attend were thoroughly focused and engaged in the subject matter. • HVAC Project - Johnson Woo, of Public Works, has advised Brad that there are CIP funds that can be allocated to the library's HVAC upgrade project that had been put on hold due to cost issues. This is good news as it will provide more efficient air flow quality in the library. The project is potentially scheduled for April. Request for Proposals have to be sent out. The cost of the project has not yet been determined. • Furloughed Employees - All hourly staff that were furloughed due to the pandemic remain as employees of the City of Burlingame even though they are not working. It is not known when these employees will be able to return to work. B. Foundation Report Book donations continue to be made at the 240 Lorton location. To date sales total approximately $5,000. Donations made after the annual report was sent out total approximately $20,000. VI. Old Business A. Silicon Valley Foundation Meeting James Cutler, SVCF, gave some background on SVCF, and reviewed performance for the Endowment Pool. Trustee Ostrow asked questions regarding fiduciary duty and Trustee Murray asked for additional information on the specific funds held withing the Pool. Mr. Cutler stated that SVCF had switched investment consultants from Colonial Life to Cambridge Associates, in part due to some dissatisfaction with the quantity and quality of investment managers selected by Colonial Life. As a result of this migration to Cambridge Associates, there are likely to be some changes in the portfolio, and we can expect that the percentage of assets allocated to private investments (currently 38% of the portfolio) will rise. It is their belief that private investments reduce overall volatility in the portfolio, and enhance return. Data over the last 10 years, except for the last year, show that SVCF performed below its applicable benchmarks, net of fees. The Trustees briefly discussed the possibility of moving to another investment entity and what the procedure would involve. This item will be placed on the January agenda for further discussion. VII. Employee Appreciation Gift The Trustees passed a motion to provide funds up to $2,000 for a small holiday gift for all staff members including furloughed employees in appreciation of their service to the library especially during the pandemic. MSC (Murray\Nagler) VIII. Action Items • SVCF - Brad will obtain the monthly reports of the Library's funds from SVCF for the Trustees. • SVCF - Agenda item for January meeting. IRespectfully Submitted Brad McCulley City Librarian Commented [PSI I: Adult Services Stats December 2020 Program Date # Programs Attendance Sit N Stitch Tuesdays 4 11 English Learners Group Wednesdays 4 19 & Thursdays United Against Hate Week— 12/1 1 51 Zoom (possibly Julie Lythcott-Haims more since don't know if more than 1 person watching) + 6 youtube +11fb United Against Hate Week: 12/3 1 9 Learn and Discuss: 1619 Project United Against Hate Week: 12/10 1 21 Learn and Discuss: 1619 Project Booked on Crime — Mystery 12/17 1 7 Book Club Total 12 135 Kanopy Month Plays Cost per Kanopy Kids and K Series (Great Monthly play Books) Invoice $5/month for unlimited plays November 424 $2 8 KIDS and $998 2020 22 Great Courses 454 total plays Pronunciator (Language Learni New registrations I Sessions I Top 3 languages 6 1 Spanish, Mandarin, French Tutor.com Tutor sessions Test Prep sessions 4 0 # of Reference questions answered = 257 phone calls Children's and Teen Monthly Statistics Dec-20 Programs Attendance Cost STORYTIMES Live Storytime with Miss Jenny Virtual 2 29 Miss Jenny Storytime IGTV views 2 167 Miss Jenny Storytime YouTube views 2 4 Miss Jennifer Storytime IGTV views 3 219 Miss Jennifer Storytime YouTube views 3 51 Miss Kelly Storytime IGTV views 2 113 Miss Kelly Storytime YouTube views 3 161 TOTAL STORYTIMES 17 744 CLASS VISITS Preschool Class Visits at Schools Preschool Class Visits at Library Virtual Elementary School Class Visits on Zoom Elementary School Class Visits at Library Middle School Class Visits at Schools Middle School Class Visits at Library TOTAL CLASS VISITS 0 0 SPECIAL PROGRAMS FOR CHILDREN STEAM Bags 1 50 Mandarin Story Time (Virtual) 1 78 Mock Newbery 1 2 Baby Sign Language 1 17 Music Together 1 39 United Against Hate Anti Bias Storytime 1 45 United Against Hate Anti Bias Parent Discussion 1 17 Zoom Santa and Mrs. Claus Visit 1 103 Mac Barnett & Shawn Harris Author event 1 101 Recorded Winter Storytime featuring Santa and children's staff 1 80 TOTAL SPECIAL PROGRAMS FOR CHILDREN 10 532 $0 SPECIAL PROGRAMS FOR TEENS Teen Winter Movie Kahoot 1 25 Teen Hot Chocolate Bombs 1 22 United Against Hate McFarland USA discussion 1 29 Teen Advisory Board 2 18 First Look Book Group 1 5 TOTAL SPECIAL PROGRAMS FOR TEENS 6 99 $0 TOTAL CHILDREN'S & TEEN PROGRAMS 33 1,375 $0 Book Bundles Assembled (# of bundles & books) 376 1,886 December 15, 2020 C SILICON VALLEY community foundation® Investment Review Possibilities Start Here 0 1 [ Endowed Fund Overview 04 [ 02 [ Performance 03 [Governance CSl'��lVALLEY ty foundation• 05f Investment Consultant Cambridge Associates Questions & Discussion Courage t'� SIL[C f]f� VALLEY mnwmty foundation Collaboration Inclusion Respect Accountability Endowed Designated Funds "You can create a designated fund with Silicon Valley Community Foundation to help support your favorite charitable organization in perpetuity, or assist it over a set number of years. The designated charity can be any organization that meets the community foundation's grant eligibility requirements. When a grant is made, we monitor how the funds are used to ensure that it fulfills your charitable goals. With an endowed designated fund, you can be confident that your gift will provide a lasting legacy to sustain your favorite nonprofit. Should that organization cease to exist, the foundation has variance power to ensure that the funds will be redirected to an organization meeting your charitable intent so that your generosity will continue to make an impact, as you wished:' C�SI�IVALLEYty foundation• Roger and Jean Hunt Duncan Fund Established in 1993 by Myra Hunt Duncan with a gift of $555,584 to provide additional income to the Burlingame Library as supplement to tax revenues from the City. Per the donor instructions, this fund shall payout income from the fund only at the request of the library. The payouts must be to support the library but not to displace city funding. Last grant made in 2019 for $40,696. 2020 YTD Investment Gains $275,000. Approximate Fund Balance: $1.9 million Julia M. Farrell Memorial Fund Established in 1993 as a permanent endowment, net income is for the purchase of books which the Burlingame Public Library could not otherwise acquire out of its regular funds. Per the donor instructions, this fund shall payout income from the fund annually. 2020 Grants made $284 Approximate Fund Balance: $6,264 C'Sl��l ON VALLEY nity foundation• Investment Performance INVESTMENT PERFORMANCE SUMMARY Period ending September 30, 2020 Net of Fees SILICON VALLFY Community fouridakion An nualized 1 mo n 3 mon YTD 1 err 3 err 5 yr 7 r 1 o yr Investment Pool Assets Flo % Flo % % % % % Endowment (/ '1 /8) 29 ,363,E -0.6 6.2 5.4 11.2 6.0 7.7 6.3 7.2 Endownent Polioy Benchmark - .5 6.8 2.8 10. 7.5 9.7 7.5 8. 80 MS C1 A CW 1 0 Box curs Gapitai US A gg -2.6 6.6 2.8 10-2 7.0 9.2 7.2 7.7 P1 Plus 5 0.6 2.5 4.5 6.5 7.1 7.1 6.7 6.9 C'Sl��l oN VALLEYnity foundation• Investment Policy Endowment Pool 7h is pool has a broad to rget allocatio n of 50 equ it , 1 a fi iced income and 38 alternative investments_ It is design ed for donor restricted or board designated endowment funds_ Globa I Equity Ind ex 50_0 ± 3 47_0 53_0 MCI All Cou ntry World Aggregate Beads 5_0% ± 3% _0% _0 Bloomberg Barclays U _ _ Aggregate Treasurer Inflation Protected Securities 3_0 ± 3 a 1.0 7_0 Bloomberg Barclays U.S_ TIPS (T I P) Global Bonds 4_0 a ± 3 a 1.0% 7_0% Citigronp World Government 60% DISCI ACWI H edge Funds 1$_0 0 ± 5 a 13_0 a 8_0 O 40% Bloomberg Barclays U_S_ Aggregate 50% B loornbe rg tom rriod iter Real Assets/Real Estate 5_0a ± 5a 0_0 1 0_0° 50% NCREIF Property Index' Frigate Equity' 1 S_0 o ± 5 a 10_0 a 20.0% MSCI All Country World + a CLICQN VALLEYunity found ation• Investment Philosophy Decisions in a time of uncertainty Asset Allocation Diversification Active Management Diverse Managers Long Term View Establish a strategic asset allocation expected to achieve return objectives complete market cycles CuQN VALLEYunity found ation• Diversify portfolios across and within asset classes, strategies and managers Seek returns through active investment managers through rigorous initial and ongoing due diligence Investment managers with diverse backgrounds have differentiated views that can outperform Avoid making changes to our strategy in response to short- term market behavior, and diligently rebalance portfolios back to policy targets Governance Roles & Responsibilities of Investment Oversight V u Investment Committee • Set investment policy and oversee execution • Set and adjust strategic asset allocation • Approve private asset recommendations CuQN VALLEYunity found ation• Investment Consultant • Advise on investment policy • Advise on strategic asset allocation • Manager due diligence and selection u Investment Staff • Implement policy • Execute day-to-day transactions • Supervise consultant Governance Investment Committee Alan Zafran* Committee Chair Founding Partner and Co -CEO, IEQ Capital Dan'I Lewin* Board Chair President and CEO of the Computer History Museum Nicole Taylor* President and CEO, Silicon Valley Community Foundation Kate Mitchell* Co -Founder and Partner, Scale Venture Partners Thurman V. White, Jr.* President and CEO, Progress Investment Management Company Scott Kupor Managing Partner, Andreessen Horowitz Gabe Santos Managing Partner, Homestead Capital USA LLC Nikita Gujral Managing Director, UCSF Foundation Investment Company * Members of SVCF's board of directors Governance Investment Consultant • SVCF is proud to announce the selection of Cambridge Associates as its new Investment Consultant • Cambridge Associates is a global leader in investment management • Colonial Consulting first retained by SVCF in 2007 and has been a strong partner and leader in building industry awareness in manager diversity C'Sl��l oN VALLEY nity foundation• Request for Proposal (RFP) • Cornerstone of strong governance is to compete RFP process every 5 to 7 years • Ensure the right partner over time • Understand industry changes and opportunities CAMBRIDGE hi ASSOCIATES Focused on Nonprofit Clients 58% of clients Global Reach 10K+ investment opportunities tracked Ap- LCI ]1.11 Ll 11 i t y tO Ll 11 JJ Cl L) Ll SOW ��I LLm ROTC Y�'iL �_ Silicon Valley Community Foundation Endowment Pool Investment Performance Summary - Period Ending October 31, 2020 Net of Fees October 31, 2020 Assets % of Target/ 1 mon 3 mon CYTD 1 yr 3 yr 5 yr 7 yr 10 yr 201 Market Value Pool Range I%) % % % % % % % % Annual Periods F15 2016 2017 2018 201 Endowment Pool (3131/82) 291,093,7 A 2.4 5.0 8.7 5.4 6.8 -W.9 6.9 3.8 -0.8 -101MW- 15.6 -4.4 14.5 Endowment Policy Benchmark ' -1.9 0.3 0.9 5.9 6.2 8.1 6.8 7.7 4.0 -1.3 9.5 18.0 -6.4 23.3 Endowment x/Private Assets (12/31/07) 261,396,948 = -0.5 1.9 4.3 8.6 4.5 6.6 5.6 6.8 3.4 -1.2 6.8 16.9 -7.0 15.5 Endowment Policy Benchmark x/Private Assets -1.9 0.0 1.2 5.8 5.5 7.5 6.4 7.5 5.0 -1.5 8.6 17.8 -7.4 22.1 80% MSCI ACW / 20% Barclays Capital US Agg2 -2.0 -0.1 0.7 5.6 5.7 7.5 6.4 7.2 4.6 -1.6 6.9 19.6 -7.4 23.0 CPI Plus 5% 0.4 1.9 5.0 6.3 7.1 7.1 6.8 6.9 5.9 5.7 7.3 7.3 7.0 7.7 Global Equity Composite (6/30/09) 182,307,915 62.6 % 50.0 % -0.9 2.3 0.3 7.0 4.3 7.6 6.9 8.9 4.2 -0.4 8.2 23.8 -10.0 22.2 MSCIAC World 47%-53% -2.4 0.2 -1.1 4.9 5.5 8.1 6.9 7.9 4.2 -2.4 7.9 24.0 -9.4 26.6 U.S. Large/Mid Cap Equity (12131/89) 60,972,182 20.9 % -1.0 3.8 6.8 17.2 13.9 12.8 12.4 14.0 10.7 4.4 5.7 22.6 -4.6 40.3 S&P 500 -2.7 0.4 2.8 9.7 10.4 11.7 11.5 13.0 13.7 1.4 12.0 21.8 -4.4 31.5 Russell Midcap 0.6 2.1 -1.7 4.1 6.8 9.0 8.9 11.4 13.2 -2.4 13.8 18.5 -9.1 30.5 HS Concentrated Quality Growth (9/30/17) 13,796,397 4.7% -1.7 3.6 -0.7 5.1 12.3 - - - - - - - -4.5 38.6 Russell 1000 Growth -3.4 1.6 20.1 29.2 18.8 17.3 16.1 16.3 13.1 5.7 7.1 30.2 -1.5 36.4 HCIF Offshore LP (4/30/12) 14,336,312 4.9% -1.0 10.1 21.7 37.9 20.4 13.0 19.6 - 25.8 38.0 -8.5 9.9 3.0 44.7 Russell 2000 Growth 0.8 4.4 4.7 13.4 7.9 10.4 9.1 12.0 5.7 -1.4 11.3 22.2 -9.3 28.5 Vanguard Index 500 (1/31/00) 16,404,316 5.6 % -2.7 0.4 2.7 9.7 10.4 11.7 11.5 13.0 14.2 1.4 11.9 21.8 -4.4 31.5 S&P 500 -2.7 0.4 2.8 9.7 10.4 11.7 11.5 13.0 13.7 1.4 12.0 21.8 -4.4 31.5 Iridian Private Business Value Equity (3/31/16) 16,435,156 5.6 % 1.0 2.1 -2.6 4.0 -0.5 - - - 13.4 -4.5 3.5 22.4 -23.8 31.9 Russell M/dcap Value 0.9 2.5 -12.0 -6.9 0.9 5.3 6.1 9.4 14.7 -4.8 20.0 13.3 -12.3 27.1 U.S. Small Cap Equity (9/30/97) 21,231,733 7.3 % 3.3 8.5 5.8 9.8 0.6 5.5 2.5 6.4 -3.7 -12.8 13.1 18.8 -6.9 1.6 Russell 2000 2.1 4.2 -6.8 -0.1 2.2 7.3 6.4 9.6 4.9 -4.4 21.3 14.6 -11.0 25.5 Ariel Small Cap Deep Value (1/31/14) 15,042,930 5.2 % 2.3 7.6 -19.6 -16.0 -10.4 -1.9 - - -7.1 -25.5 24.4 10.2 -22.4 12.2 Russell 2000 Value 3.6 4.1 -18.7 -13.9 -4.1 3.7 3.3 7.1 4.2 -7.5 31.7 7.8 -12.9 22.4 SQN Investors Offshore Ltd (11/30/17) 6,188,803 2.1% 5.9 10.7 38.2 42.7 - - - - - 15.6 19.4 - 5.0 -4.4 Russell 2500 Technology 1.0 0.3 22.1 32.2 22.7 21.1 17.5 16.2 7.2 1.9 15.1 23.8 5.7 43.5 Non-U.S. Developed Equity (3131/96) 51,542,917 17.7% -2.8 -1.1 -8.0 -2.7 -2.2 3.6 2.9 4.9 -2.2 -0.7 8.2 23.1 -15.2 17.8 MSCI EAFE -4.0 -1.7 -10.8 -6.9 -1.2 2.8 1.9 3.8 -4.9 -0.8 1.0 25.0 -13.8 22.0 Artisan International Value (1/31/08) 19,693,684 6.8% -2.5 -1.1 -12.9 -7.0 -2.7 2.9 3.0 6.6 -0.4 -1.5 5.7 24.1 -15.4 24.2 MSCI EAFE Value -4.0 -3.1 -21.6 -18.4 -7.4 -1.1 -1.5 1.3 -5.4 -5.7 5.0 21.4 -14.8 16.1 Vanguard Developed Markets (1/31/08) 16,846,642 5.8% -3.7 -0.9 -9.2 -4.7 -0.9 3.7 2.5 4.2 -5.6 -0.2 2.6 26.4 -14.5 22.1 MSCI EAFE -4.0 -1.7 -10.8 -6.9 -1.2 2.8 1.9 3.8 -4.9 -0.8 1.0 25.0 -13.8 22.0 Lizard International (4/30/15) 8,958,086 3.1 % -2.3 -0.6 4.5 8.9 -0.4 5.5 - - 0.5 0.4 7.2 26.8 -15.5 9.4 MSCI ACWI exUS -2.2 -0.5 -7.5 -2.6 -0.2 4.3 2.3 3.4 -3.9 -5.7 4.5 27.2 -14.2 21.5 Cevian Capital II (12/31/11) 6,044,504 2.1 % -2.4 -2.6 -11.8 -5.9 -3.1 3.4 2.9 - 4.8 -4.5 17.7 15.5 -15.1 19.0 MSCI Europe Local -5.3 -3.7 -16.0 -12.7 -2.7 2.5 3.7 5.1 4.7 4.9 10.1 13.1 -10.6 23.8 Non-U.S. Emerging Equity (8131/07) 25,059,666 8.6% 0.3 1.6 -8.0 -2.7 -2.0 5.5 1.8 2.0 -1.2 -15.7 17.1 31.2 -11.3 12.3 MSCI Emerging Markets 2.1 2.6 0.9 8.3 1.9 7.9 3.3 2.4 -2.2 -14.9 11.2 37.3 -14.6 18.4 Westwood Global (4/30/09) 11,803,374 4.1 % -1.0 1.4 -12.3 -7.6 -3.7 4.4 1.0 1.8 -0.9 -16.5 19.7 28.7 -10.3 10.7 DFA Emerging Mkts (8/31/07) 13,256,292 4.6 % 1.5 1.8 -3.9 2.4 0.0 6.7 2.5 2.1 -1.7 -15.8 12.1 36.6 -13.6 16.0 MSCI Emerging Markets 2.1 2.6 0.9 8.3 1.9 7.9 3.3 2.4 -2.2 -14.9 11.2 37.3 -14.6 18.4 Opportunistic Equity (1/31/17) 23,501,417 8.1 % -1.2 1.4 4.0 10.3 6.3 - - - 4.1 6.0 6.7 - -9.7 20.2 MSCI AC World -2.4 0.2 -1.1 4.9 5.5 8.1 6.9 7.9 4.2 -2.4 7.9 24.0 -9.4 26.6 S&P 500 -2.7 0.4 2.8 9.7 10.4 11.7 11.5 13.0 13.7 1.4 12.0 21.8 -4.4 31.5 Gobi Investment Fund Ltd (1/31/17) 11,629,031 4.0% -0.3 2.4 4.4 11.4 5.1 - - - 4.1 6.0 6.7 - -11.7 18.3 MSCI World -3.1 -0.2 -1.4 4.4 6.0 8.1 7.3 8.6 4.9 -0.9 7.5 22.4 -8.7 27.7 AltraVue I, LP (4/30/18) 11,872,386 4.1 % -2.1 0.5 2.2 7.9 - - - - - - - 19.5 - 21.2 MSCI World Value -2.8 -1.6 -17.0 -12.8 -2.3 2.9 2.8 5.4 3.7 -4.8 12.3 17.1 -10.8 21.7 0 2020 Silicon Valley Community Foundation ��I LLm ROTC Y�'iL �_ Silicon Valley Community Foundation Endowment Pool Investment Performance Summary - Period Ending October 31, 2020 Net of Fees October 31, 2020 Annual Periods Assets % of Target/ 1 mon 3 mon CYTD 1 yr 3 yr 5 yr 7 yr 10 yr 2014 2015 2016 2017 2018 201 Market Value Pool Range (%) % % % % % % % % % % % % % % U.S. Aggregate Bonds (12/31191) 18,891,669 6.5% 5.0% -0.3 -0.8 7.1 7.0 5.4 4.5 4.2 4.1 Barclays Capital US Aggregate 2 %-8 % -0.4 -1.3 6.3 6.2 5.1 4.1 3.8 3.6 Garcia Hamilton Aggregate (7/31/14) 12,414,486 4.3% -0.3 -0.9 6.7 6.5 5.1 4.2 - - IR&M (6/30/09) 6,477,182 2.2% -0.3 -0.8 7.8 7.7 5.8 4.7 4.4 4.2 Barclays Capital US Aggregate -0.4 -1.3 6.3 6.2 5.1 4.1 3.8 3.6 TIPS(6/30109) 6,979,350 2.4% 3.0% -0.6 0.0 8.5 9.2 5.3 4.3 3.1 - Barclays US TIPS 1 %-6 % -0.6 0.1 8.5 9.1 5.5 4.4 3.2 3.2 Vanguard Inflation Protected Securities (6/30/09) 6,979,350 2.4 % -0.6 0.0 8.5 9.2 5.3 4.3 3.1 3.2 Barclays US TIPS -0.6 0.1 8.5 9.1 5.5 4.4 3.2 3.2 Global Bonds (8/31/09) 13,024,608 4.5% 4.0% 0.1 -0.8 5.4 6.0 4.4 4.4 2.1 - Colchester Global Bond (8/31/09) 13,024,608 1%-7% 0.1 -0.8 5.4 6.0 4.4 4.4 2.1 2.5 FTSE World Government Bond Index -0.2 -0.8 6.9 6.0 4.5 3.9 2.1 1.7 Total Hedge Funds (9/30/06) 38,923,997 13.4% 18.0% 1.2 2.8 -4.4 -3.0 -1.2 1.5 1.9 3.2 60% MSCI ACW / 40% Barclays Capital US Agg 15 %-25 % -1.6 -0.3 2.4 6.0 5.7 6.8 5.9 6.4 HFRI Fund of Funds 0.3 2.3 2.9 5.5 2.7 3.0 3.0 2.8 Direct Manager (6/30108) 38,923,997 13.4% 13.5% 1.2 2.8 -4.4 -3.1 -1.6 1.7 1.8 2.5 Equity Long/Short 7,884,202 2.7% Tybourne Equity Offshore Fund (6/30/17) 4,756,782 1.6 % 3.6 6.3 23.3 27.2 5.4 - - - Hengistbury Fund Ltd (1/31/18) 3,127,420 1.1% -2.1 -2.2 -29.3 -26.5 - - - - HFRI Equity Hedge 0.4 2.5 3.0 7.3 3.6 5.1 4.3 4.4 Credit/Structured Credit 17,060,087 5.9% Regiment Capital Ltd (6/30/08) 2,514 0.0% - - - - - - - - Canyon Value Realization Fund Ltd (6/30/13) 8,695,300 3.0% -0.6 1.8 -12.2 -10.5 -1.6 2.2 2.4 - King Street Capital Ltd (6/30/13) 1,529,206 0.5 % -0.6 1.2 -1.5 -0.5 -0.1 1.8 1.8 - Standard General Offshore (12/31/14) 6,833,067 2.3 % 4.9 2.6 -7.7 -5.4 -1.7 1.4 - - HFRI Distressed Securities Index 0.0 3.6 0.9 1.3 1.2 3.8 2.2 3.7 Opportunistic 5,817,470 2.0% Bayberry Offshore Fund Ltd (10/31/19) 5,817,470 2.0% 2.0 5.4 2.0 7.6 - - - - 50% HFRI Macro / 50% HFRI Event Driven -0.1 0.5 -0.7 1.0 1.3 2.5 2.3 2.3 Multi -Strategy 8,162,239 2.8% Davidson Kempner Instl Partners (8/31/13) 8,162,239 2.8% -0.2 2.6 1.8 3.2 3.7 4.8 4.4 - HFRI Mufti -Strategy 0.1 1.9 2.5 4.3 2.7 3.5 3.3 3.7 Private Equity (3/31/99) 27,442,941 9.4% 15.0% 0.3 8.3 7.8 9.0 12.7 7.9 8.9 8.3 MSCI ACWI +3% 10%-20 % -2.2 1.0 1.4 8.1 8.7 11.4 10.1 11.2 Commitment Remaining YTD- Contributions YTD Bay Area Equity (6/30/04) 59,951 0.0% $ 250,000 $ - $ - $ Mohr Davidow VI (12/31/99) 217,078 0.1 % $ 1,000,000 $ - $ - $ Mohr Davidow VII (6/30/01) 48,890 0.0% $ 536,000 $ - $ - $ Sequoia Cap Franchise (9/30/99) 291,286 0.1 % $ 2,000,000 $ - $ - $ Sequoia Cap X (3/31/00) 49,457 0.0% $ 2,000,000 $ - $ - $ Legacy V (5/31/08) 821,079 0.3% $ 1,000,000 $ - $ 20,000 $ Legacy VI (6/30/11) 2,906,428 1.0% $ 1,500,000 $ 30,000 $ - $ Legacy VI 1 (4/30/14) 1,909,657 0.7% $ 1,000,000 $ 20,000 $ - $ Legacy VIII (3/31/16) 2,568,448 0.0% $ 2,500,000 $ 389,356 $ 410,644 $ Centerbridge II (5/31/11) 280,990 0.1 % $ 1,500,000 $ 109,982 $ - $ Regiment Special Situations V (7/31/11) 27,741 0.0% $ 1,500,000 $ 481,772 $ - $ Brightwood Capital Fund III (3/31/15) 1,819,102 0.6% $ 3,300,000 $ 621,374 $ - $ Weathergage Venture Capital III (2/28/15) 4,852,574 1.7 % $ 3,300,000 $ 759,000 $ - $ Lakestar II LP (8/31/15) 1,241,701 0.4% $ 1,115,000 $ 72,653 $ - $ Grain Communications Opportunity Fund (7/31/16) 2,250,828 0.8 % $ 2,500,000 $ 99,104 $ 38,671 $ Sango Private Equity II LP (1/31/17) 1,846,095 0.6% $ 2,500,000 $ 753,725 $ 232,487 $ HGGC Fund III -A (7/31/17) 2,103,959 0.7% $ 2,500,000 $ 244,569 $ 123,184 $ Blue Wolf Capital Fund IV LP (4/30/18) 1,846,388 0.6% $ 3,600,000 $ 1,591,229 $ 91,393 $ Precursor Ventures ll(9/30/18) 951,290 0.3% $ 1,000,000 $ - $ - $ 6.8 0.5 3.3 3.9 0.5 8.2 6.0 0.6 2.6 3.5 0.0 8.7 8.0 0.7 3.2 3.8 1.0 7.0 6.9 0.3 3.3 4.0 0.1 9.4 6.0 0.6 2.6 3.5 0.0 8.7 4.0 -1.7 4.6 3.0 -1.4 8.2 3.6 -1.4 4.7 3.0 -1.3 8.4 4.0 -1.7 4.6 3.0 -1.4 8.2 3.6 -1.4 4.7 3.0 -1.3 8.4 -0.3 -6.0 3.8 8.1 -1.0 7.5 -0.3 -6.0 3.8 8.1 -1.0 7.5 -0.5 -3.6 1.6 7.5 -0.8 5.9 3.4 -0.5 3.1 8.3 -5.3 6.5 5.0 -1.0 5.9 15.4 -5.5 19.4 3.4 -0.3 0.7 7.7 -3.9 8.3 2.9 -0.5 5.4 8.2 -5.0 4.8 25.3 1.9 - -7.2 2.1 3.4 13.9 4.3 - - 23.8 2.0 -0.8 5.5 13.5 -6.9 13.7 4.2 -2.8 8.7 12.9 -2.6 9.4 4.5 -2.4 5.1 5.2 -1.3 1.6 3.5 -3.5 8.8 10.0 5.4 -7.2 -1.0 -8.0 14.3 7.6 -1.6 2.5 3.8 -2.2 5.9 4.9 -3.0 6.9 4.5 1.5 7.0 6.4 2.1 7.1 3.8 0.6 6.5 4.1 -0.1 5.6 12.0 6.8 0.2 4.7 16.0 11.3 7.3 0.6 11.1 27.7 -6.6 30.4 130,977 183,777 502,569 89,967 100,808 217,327 36,755 79,900 40,790 22,201 0 2020 Silicon Valley Community Foundation ��I LLm ROTC Y�'iL �_ Private Real Assets 50% Bloomberg Commodity/50% NCREIF Real Estate Denham Commodity Partners Fund V (6/30/08) Denham Commodity Partners Fund VI It 1/30/11) Lyme Timber III (2/28/11) Merit Energy Fund H (11/30/11) Silicon Valley Community Foundation Endowment Pool Investment Performance Summary - Period Ending October 31, 2020 Net of Fees Annualized October 31, 2020 Annual Periods Assets % of Target/ 1 men 3 men CYTD 1 yr 3 yr 5 yr 7 yr 10 yr 2014 2015 2016 2017 2018 2019 Market Value Pool Range (%) % % % % % % % % % % % % % % 2,503,208 0.9 % 5.0 % 2,503,208 0.9 % 5.0 % -0.1 -0.7 -17.3 -22.0 -7.6 -2.8 0.1 2.4 12.6 0.7 6.3 4.3 3.0 -7.8 0 %-10 % 0.7 2.8 -4.9 -3.0 0.5 1.9 0.6 1.5 -3.3 -10.1 9.5 4.4 -2.5 7.2 Commitment Remaining YTD -Contributions YTD - Distributions 64,182 0.0% $ 1,500,000 $ 205,000 $ - $ - 976,842 0.3% $ 2,000,000 $ 141,499 $ 29,756 $ - 59,335 221,660 0.1 % $ 500,000 $ 165,000 $ - $ - 17,500 991,198 0.3% $ 1,250,000 $ - $ - $ - 9Aa 19n A 106 Q 9 Ann Ann G _ G _ e Al 79A Total Cash 1,020,083 0.4% 0.0% Cash & Equivalents (3131/05) 1,020,083 0.0 0.0 0.4 0.6 1.5 1.1 0.8 0.6 I 0.3 0.0 0.3 0.8 1.8 2.2 U.S. Treasury Bills 0.0 0.0 0.7 1.0 1.7 1.2 0.9 0.7 0.1 0.1 0.4 0.8 1.9 2.3 Targeted Weighted Expense Ratio' 1.24% Asset Weighted Expense Ratio 1.06% 1. As of January 2020: 50% MSCI AC World/ 15% MSCI ACWI + 3%/ 5% 50% Bloomberg Commodity/50% NCREIF Real Estate / 5% Barclays Aggregate 4% FTSE World Gov't Bond / 3% Barclays US TIPS / 18% 60% MSCI AC World (Net)/40% Barclays Aggregate 2. Prior to 71112009, benchmark was 90% S&P 500110% Barclays Capital Aggregate. 3. Expense ratio is a weighted average based on the target allocation. Fee includes: investment management, consulting, custody and administraive fees. It does not include carried interest expense or the expenses of individual mangers within fund of fund vehicles. Investment advisory services are offered through Crewcial Partners, LLC, a Securities and Exchange Commission Registered Investment Advisor. Values are calculated as of the date of the report. We believe the sources of our information, which may come from third -party service providers, to be reliable; however, the accuracy and completeness of the information is not guaranteed. Data reflected within this report may reflect data held at various Custodians and Managers, and may not be covered under SIPC. Certain other reported entities may be SIPC members that provide coverage for assets held there. You should contact your financial representative, or the other entity, or refer to the other entity's statement, regarding SIPC coverage. Assets reflected on this report are not held at the Firm on your behalf, but at the Custodian. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal of an investment will fluctuate so that an investors shares when redeemed may be worth more or less than original cost. The values represented in this report may not reflect the true original cost of your initial investment. Performance returns for time pedods longer than 365 days have been annualized. The figures do not represent potential market conditions, but do reflect the deduction of advisory fees. The client's mtum will be reduced by the advisory fees and any other expenses it may incur in the management of the advisory account. The advisory fees for Crewcial Partners, LLC, are disclosed in the Form ADV Part 2A Disclosure Brochure. 0 2020 Silicon Valley Community Foundation �51LCON VALLEY ty foundation' Silicon Valley Community Foundation Long -Term Growth Pool Investment Performance Summary - Period Ending October 31, 2020 Net of Fees Annualized October 31, 2020 Annual Periods Assets % of Target/ 1 mon 3 mon CYTD 1 yr 3 yr 5 yr 7 yr 10 yr 2014 2015 2016 2017 2018 2019 Market Value Pool Range (%) % % % % % % % % % % % % % % Long -Term Growth Pool (12/31188) 5 Long -Term Growth Policy Benchmark 5 Long -Term Growth x/Private Assets (12/31107) Long -Term Growth Policy Benchmark x/Private Assets 436,142,501 387,316,346 100.0 % 100.0 % -0.3 -1.8 -0.4 -1.9 3.0 0.2 2.2 0.0 3.6 1.0 32 1.2 7.3 5.7 73 5.8 4.8 5.8 d3 5.5 6.5 7.4 6.5 7.4 5.7 6.8 6.2 7.3 � 6.6 6.4 7.5 4.7 3.9 4. -1.7 -2.7 1-2.3 6.7 9.2 7.4 15.7 16.5 16.8 -4.7 -6.6 i 14.5 22.3 5.2 -1.5 8.4 17.4 -7.1 21.8 75%MSCI ACW/25% Barclays Capital US AggS -1.9 -0.1 1.2 5.7 5.7 7.3 6.3 7.0 4.7 -1.5 6.7 18.6 -7.0 22.1 Global Equity Composite (6/30/09) 257,676,756 59.1 % 55.0 % -0.8 2.9 1.9 8.8 5.1 8.2 7.5 9.4 5.2 -0.4 8.2 24.2 -9.6 22.5 MSCI AC World 52 %-58 % -2.4 0.2 -1.1 4.9 5.5 8.1 6.9 7.9 4.2 -2.4 7.9 24.0 -9.4 26.6 U.S. Large/Mid Cap Equity (3/31107) 105,942,213 24.3 % -0.9 5.2 9.3 19.8 14.6 13.7 13.3 14.9 12.6 4.7 6.1 23.4 -4.4 40.1 S&P 500 -2.7 0.4 2.8 9.7 10.4 11.7 11.5 13.0 13.7 1.4 12.0 21.8 -4.4 31.5 Russell Midcap 0.6 2.1 -1.7 4.1 6.8 9.0 8.9 11.4 13.2 -2.4 13.8 18.5 -9.1 30.5 Vanguard Institutional Index (10/31/07) 382,014 0.1 % -2.7 0.4 2.8 9.7 10.4 11.7 11.5 - 13.7 1.3 12.0 21.8 -4.4 31.5 Adage Capital (9/30/09) 23,716,171 5.4 % -2.3 1.4 7.4 15.3 12.8 13.2 13.3 - 18.4 1.0 9.5 23.6 -4.0 33.9 S&P 500 -2.7 0.4 2.8 9.7 10.4 11.7 11.5 13.0 13.7 1.4 12.0 21.8 -4.4 31.5 HS Concentrated Quality Growth (9/30/17) 14,271,686 3.3 % -1.7 3.6 0.2 6.0 12.5 - - - - - - - -4.5 38.1 Russell 1000 Growth -3.4 1.6 20.1 29.2 18.8 17.3 16.1 16.3 13.1 5.7 7.1 30.2 -1.5 36.4 Confidential Manager- (4/30/12) 43,008,937 9.9 % -1.0 10.1 21.7 37.9 20.4 13.0 19.7 - 25.8 38.5 -8.5 9.9 3.0 44.7 Russell 2000 Growth 0.8 4.4 4.7 13.4 7.9 10.4 9.1 12.0 5.7 -1.4 11.3 22.2 -9.3 28.5 Indian Private Business Value Equity (3/31/16) 24,563,404 5.6 % 1.0 2.1 -2.6 4.0 -0.5 - - - 13.4 -4.5 - 22.4 -23.8 31.9 Russell Midcap Value 0.9 2.5 -12.0 -6.9 0.9 5.3 6.1 9.4 14.7 -4.8 20.0 13.3 -12.3 27.1 U.S. Small Cap Equity (3131/07) 22,108,087 5.1 % 4.7 9.5 17.0 21.4 4.1 7.8 4.1 7.2 -4.3 -12.5 13.7 19.4 -7.6 2.0 Russell 2000 2.1 4.2 -6.8 -0.1 2.2 7.3 6.4 9.6 4.9 -4.4 21.3 14.6 -11.0 25.5 Ariel Small Cap Deep Value (1/31/14) 6,979,902 1.6 % 2.0 7.2 -12.1 -8.1 -7.7 -0.2 - - -7.1 -25.4 24.4 9.9 -22.3 12.1 Russell 2000 Value 3.6 4.1 -18.7 -13.9 -4.1 3.7 3.3 7.1 4.2 -7.5 31.7 7.8 -12.9 22.4 SON Investors Offshore Ltd (11/30/17) 15,128,185 3.5 % 5.9 10.7 38.2 42.7 - - - - - 15.6 19.4 - 5.0 -4.4 Russell 2500 Technology 1.0 0.3 22.1 32.2 22.7 21.1 17.5 16.2 7.2 1.9 15.1 23.8 5.7 43.5 Non-U.S. Developed Equity (3131/07) 64,022,070 14.7 % -2.8 -1.3 -8.6 -4.0 -3.1 3.1 2.7 4.8 -1.7 0.1 8.3 23.8 -15.3 15.0 MSCI EAFE -4.0 -1.7 -10.8 -6.9 -1.2 2.8 1.9 3.8 -4.9 -0.8 1.0 25.0 -13.8 22.0 Artisan Int'I Value (7131/06) 13,662,850 3.1 % -2.5 -1.1 -12.9 -7.0 -2.6 2.9 3.0 6.6 -0.4 -1.5 5.7 24.1 -15.4 24.2 Silchester International (4/30/09) 17,445,595 4.0 % -4.0 -1.0 -17.4 -13.5 -5.2 1.6 1.7 5.0 -2.0 1.2 7.1 26.7 -14.7 16.7 MSCI EAFE Value -4.0 -3.1 -21.6 -18.4 -7.4 -1.1 -1.5 1.3 -5.4 -5.7 5.0 21.4 -14.8 16.1 Vanguard Developed Markets (12/31/07) 248,394 0.1 % -3.7 -0.9 -9.2 -4.7 -0.9 3.6 2.5 4.2 -5.6 -0.2 2.5 26.5 -14.5 22.1 MSCI EAFE -4.0 -1.7 -10.8 -6.9 -1.2 2.8 - - -4.9 -0.8 1.0 25.0 -13.8 22.0 Lizard International (4/30/15) 17,199,821 3.9% -2.3 -0.6 4.5 8.9 -0.4 5.5 - - 0.5 0.4 7.2 26.7 -15.5 9.4 MSCI ACW1 exUS -2.2 -0.5 -7.5 -2.6 -0.2 4.3 2.3 3.4 -3.9 -5.7 4.5 27.2 -14.2 21.5 Cevian Capital 11(12/31/11) 15,465,410 3.5% -2.4 -2.8 -12.1 -6.3 -3.2 3.3 2.8 - 4.8 -4.5 17.7 15.5 -15.1 18.9 MSCI Europe Local -5.3 -3.7 -16.0 -12.7 -2.7 2.5 3.7 5.1 4.7 4.9 10.1 13.1 -10.6 23.8 0 2020 Silicon Valley Community Foundation �51LCON VALLEY ty foundation' Silicon Valley Community Foundation Long -Term Growth Pool Investment Performance Summary - Period Ending October 31, 2020 Net of Fees Annualized October 31, 2020 Annual Periods Assets % of Target/ 1 mon 3 mon CYTD 1 yr 3 yr 5 yr 7 yr 10 yr 2014 2015 2016 2017 2018 2019 Market Value Pool Range (%) % % % % % % % Non-U.S. Emerging Equity (3/31/07) 25,998,199 6.0 % -0.3 1.5 .8.9 -4.0 -2.4 5.2 1.5 1.8 -1.2 -16.3 16.9 30.8 -10.5 11.0 MSCI Emerging Markets 2.1 2.6 0.9 8.3 1.9 7.9 3.3 2.4 -2.2 -14.9 11.2 37.3 -14.6 18.4 Westwood Global (4/30/09) 18,527,910 4.2% -1.0 1.4 -12.3 -7.6 -3.7 4.4 1.0 1.8 -0.9 -16.5 19.7 28.7 -10.3 10.7 MSCI Emerging Markets 2.1 2.6 0.9 8.3 1.9 7.9 3.3 2.4 -2.2 -14.9 11.2 37.3 -14.6 18.4 DFA Emerging Markets (6/30/08) 7,470,288 1.7 % 1.5 1.8 -3.9 2.4 0.0 6.7 2.5 2.1 -1.7 -15.8 12.1 36.6 -13.6 16.0 MSCI Emerging Markets 2.1 2.6 0.9 8.3 1.9 7.9 3.3 2.4 -2.2 -14.9 11.2 37.3 -14.6 18.4 Opportunistic Equity (1/31/17) 39,606,188 9.1 % -0.3 1.6 3.9 10.4 6.1 - - - 4.1 6.0 6.7 - -9.9 19.8 MSCI AC World -2.4 0.2 -1.1 4.9 5.5 8.1 6.9 7.9 4.2 -2.4 7.9 24.0 -9.4 26.6 S&P 500 -2.7 0.4 2.8 9.7 10.4 11.7 11.5 - 13.7 1.4 12.0 21.8 -4.4 31.5 Gobi Investment Fund Ltd (1/31/17) 22,213,185 5.1 % 1.1 2.4 5.4 12.5 5.4 - - - 4.1 6.0 6.7 - -11.7 18.3 MSCI World -3.1 -0.2 -1.4 4.4 6.0 8.1 7.3 8.6 4.9 -0.9 7.5 22.4 -8.7 27.7 AltraVue I, LP (4/30118) 17,393,002 4.0 % -2.1 0.5 2.2 7.8 - - - - - - - 19.5 - 21.7 MSCI World Value -2.8 -1.6 -17.0 -12.8 -2.3 2.9 2.8 5.4 3.7 -4.8 12.3 17.1 -10.8 21.7 U.S. Aggregate Bonds (3131/07) 31,149,934 7.1 % 7.0 % -0.3 -0.8 7.1 6.9 5.3 4.5 4.1 4.0 7.3 0.4 3.1 3.8 0.5 7.9 Barclays Capital US Aggregate 4%-10 % -0.4 -1.3 6.3 6.2 5.1 4.1 3.8 3.6 6.0 0.6 2.6 3.5 0.0 8.7 Garcia Hamilton Aggregate (7/31/14) 21,969,940 5.0% -0.3 -0.8 6.7 6.5 5.2 4.3 - - 8.0 0.8 3.2 3.9 1.0 7.2 IR&M (6/30/09) 9,179,994 2.1 % -0.3 -0.9 7.6 7.4 5.5 4.6 4.2 4.0 7.0 0.8 3.0 3.6 -0.3 9.0 Barclays Capital US Aggregate -0.4 -1.3 6.3 6.2 5.1 4.1 3.8 3.6 6.0 0.6 2.6 3.5 0.0 8.7 TIPS (6/30/09) 11,468,475 2.6% 3.0% -0.6 0.0 8.5 9.2 5.3 4.3 3.1 3.2 4.0 -1.7 4.6 3.0 -1.4 8.2 Barclays US TIPS 0 %-6 % -0.6 0.1 8.5 9.1 5.5 4.4 3.2 3.2 3.6 -1.4 4.7 3.0 -1.3 8.4 Vanguard Inflation Protected Securities (6/30/09) 11,468,475 -0.6 0.0 8.5 9.2 5.3 4.3 3.1 3.2 4.0 -1.7 4.6 3.0 -1.4 8.2 Global Bonds (3/31/07) 23,153,273 5.3% 5.0% 0.1 -0.8 5.4 6.0 4.4 4.4 2.4 2.8 1.3 .5.6 3.7 8.1 -1.0 7.5 FTSE World Gov't Bond 2 %-8 % -0.2 -0.8 6.9 6.0 4.5 3.9 2.1 1.7 -0.5 -3.6 1.6 7.5 -0.8 5.9 Colchester Global Bond (8/31/07) 23,153,273 5.3% 0.1 -0.8 5.4 6.0 4.4 4.4 2.1 2.5 -0.3 -6.0 3.8 8.1 -1.0 7.5 FTSE World Gov't Bond -0.2 -0.8 6.9 6.0 4.5 3.9 2.1 1.7 -0.5 -3.6 1.6 7.5 -0.8 5.9 Total Hedge Funds (7131/07) 54,130,062 12.4 % 15.0 % 1.2 3.0 -2.6 -0.6 -0.2 2.2 2.1 3.2 2.0 -1.6 3.4 8.6 -5.0 7.3 60% MSCI ACW 140% Barclays Capital US Agg 10 % -20 % -1.6 -0.3 2.4 6.0 5.7 6.8 5.9 6.4 5.0 -1.0 5.9 15.4 -5.5 19.4 HFRI Fund of Funds 0.3 2.3 2.9 5.5 2.7 3.0 3.0 2.8 3.4 -0.3 0.7 7.7 -3.9 8.3 Direct Manager 54,130,062 12.4% 11.0 % 1.2 3.0 -2.6 -0.6 -0.6 2.3 1.4 2.2 -0.9 -2.3 5.5 8.3 -4.6 5.5 Equity Long/Short 18,101,306 4.2% Tybourne Equity Offshore (6/30/17) 11,768,280 2.7 % 3.6 6.3 23.3 27.2 5.4 - - - 7.1 25.3 1.9 - -7.2 2.1 Hengistbury Fund Ltd (1/31/18) 6,333,026 1.5 % -2.1 -2.2 -29.3 -26.5 - - - - 3.4 13.9 4.3 - - 23.8 HFRI Equity Hedge 0.4 2.5 3.0 7.3 3.6 5.1 4.3 4.4 2.0 -0.8 5.5 13.5 -6.9 13.7 Credit/Structured Credit 19,657,253 4.5% Regiment Capital Ltd (6/30/08) 22,625 0.0 % - - - - - - - - -8.8 - - - - - Canyon Value Realization Fund Ltd (6/30/13) 7,193,508 1.6% -0.8 2.4 -11.1 -9.3 -1.1 2.6 2.7 - 4.1 -2.8 8.9 13.0 -2.6 9.4 King Street Capital Ltd (6/30/13) 5,593,121 1.3 % -0.6 1.2 -1.5 -0.5 -0.1 1.8 1.8 - 4.5 -2.4 5.0 5.0 -1.4 1.6 Standard General Offshore (3131/15) 6,848,000 1.6% 4.9 2.6 -7.7 -5.4 -1.7 1.4 - - 3.5 -3.5 8.8 10.0 5.4 -7.2 HFRI Distressed Securities Index 0.0 3.6 0.9 1.3 1.2 3.8 2.2 3.7 -1.0 -8.0 14.3 7.6 -1.6 2.5 0 2020 Silicon Valley Community Foundation �51LCON VALLEY ty foundation' Silicon Valley Community Foundation Long -Term Growth Pool Investment Performance Summary - Period Ending October 31, 2020 Net of Fees Annualized Assets Market Value % of Pool Opportunistic 7,651,312 1.8% Bayberry Offshore Fund Ltd (10/31/19) 7,651,312 1.8 50 % HFRI Macro / 50% HFRI Event Driven Multi -Strategy 8,720,191 2.0% Davidson Kempner Instl Partners (8/31/13) 8,720,191 2.0 HFRI Multi -Strategy Private Equity (6/30199) 42,142,452 9.7 MSCI ACWI +3% Charles River Partnership XI (12/31/00) 37,811 0.0% Charles River Partnership XI Annex (12/31/07) 942 0.0% New Enterprise Assoc. X (12/31/00) 843,204 0.2% Legacy Venture III (3/31/05) 1,632,339 0.4% Legacy Venture IV (6/30/06) 3,246,163 0.7% Legacy Venture V (5/31/08) 3,284,313 0.8% Legacy Venture VI (6/30/11) 5,812,861 1.3% Legacy Venture VII (4/30/14) 3,819,313 0.9% Legacy Venture VIII (3/31/16) 2,568,448 0.0% PAPEF III (12/31/05) 285,657 0.1 PAPEF IV (6/30/06) 480,085 0.1 HRJ Growth Capital II (12/31/06) 762,896 0.2% Centerbridge Partners II (5/31/11) 561,925 0.1 % Regiment Special Situations V (7/31/11) 55,482 0.0% Brightwood Capital III (3/31/2015) 2,756,213 0.6% Weathergage Venture Capital III (2/28/15) 7,352,385 1.9% HGGC Fund III -A (7/31/17) 6,739,831 1.7% Precursor Ventures II (9/30/18) 1.902.585 0.5% October 31, 2020 Target/ 1 mon 3 mon CYTD 1 yr 3 yr 5 yr tange (%) 1.9 5.4 3.6 9.3 - - -0.1 0.5 -0.7 1.0 1.3 2.5 -0.2 2.6 2.5 3.9 3.9 5.0 0.1 1.9 2.5 4.3 2.7 3.5 10.0% 0.6 10.8 11.5 13.3 14.2 9.0 5%-15% -2.2 1.0 1.4 8.1 8.7 11.4 Annual Periods 7 yr 10 yr 2014 2015 2016 2017 2018 2019 2.3 2.3 I 3.8 -2.2 5.9 4.9 -3.0 6.9 4.5 - 4.4 1.5 7.0 6.4 2.1 7.1 3.3 3.7 3.8 0.6 6.5 4.1 -0.1 5.6 11.3 11.8 18.8 11.1 0.5 5.7 16.3 11.7 10.1 11.2 7.3 0.6 11.1 27.7 -6.6 30.4 $ 99,469 $ $ 5,000,000 $ - $ 5,000,000 $ 300,000 $ 154,209 $ 5,000,000 $ - $ 1,005,059 $ 4,000,000 $ - $ 80,000 $ 735,111 $ 3,000,000 $ 60,000 $ 1,005,138 $ 2,000,000 $ 40,000 $ 179,935 $ 2,500,000 $ 425,000 $ 375,000 $ 35,644 $ 5,000,000 $ 475,000 $ 5,000,000 $ 844,330 $ 145,176 $ 5,000,000 $ - $ 3,000,000 $ 219,993 $ 3,000,000 $ 963,544 $ 5,000,000 $ 941,475 $ 152,739 $ 5,000,000 $ 1,450,000 $ 329,284 $ 7,500,000 $ 794,054 $ 369,551 $ 122,371 0 2020 Silicon Valley Community Foundation �51LCON VALLEY fy foundation' Silicon Valley Community Foundation Long -Term Growth Pool Investment Performance Summary - Period Ending October 31, 2020 Net of Fees Annualized Assets % of Market Value Pool Total Real Assets/Real Estate 7,120,022 1.6% Private Real Assets (3/31/07) 7,120,022 1.6% 50% Bloomberg Commodity/50% NCREIF Real Estate Menlo Equities Absolute Return Fund 671,959 0.2% Denham Commodity Partners Fund V (6/30/08) 320,918 0.1% Denham Commodity Partners Fund VI (11/30/11) 2,930,512 0.7% Lyme Timber III (2/28/11) 1,108,316 0.3% Merit Energy Fund H (11/30/11) 1,651,997 0.4% Verde Fund X (12/31/101 436.320 0.1% October 31, 2020 Annual Periods Target/ 1 mon 3 mon CYTD 1 yr 3 yr 5 yr 7 yr 10 yr 2014 2015 2016 2017 2018 2019 angeI%) % % % % % % % % % % % % % % 5.0% 5.0% 0%-10% Total Cash 9,301,527 2.1% 0.0% Cash & Equivalents (3/31/07) 9,301,527 U.S. Treasury Bills 0.0 -0.3 -15.5 -20.1 -7.3 -4.0 -1.5 -0.3 7.0 10.6 -6.9 4.2 4.5 -8.5 0.7 2.8 -4.9 -3.0 0.5 1.9 0.6 1.5 0.4 -3.3 -10.1 9.5 4.4 7.2 Commitment Remaining YTD - Contributions YTD - Distributions $ 4,800,000 $ - $ 31,380 $ 7,500,000 $ 1,024,995 $ 6,000,000 $ 424,503 $ 89,272 $ 178,005 $ 2,500,000 $ 825,000 $ 87,500 $ 2,500,000 $ - $ 3,500,000 $ - $ 73,017 $ 26,800,000 $ 2,274,498 $ 89,272 $ 369,902 0.0 0.0 0.4 0.6 1.4 1.0 0.7 0.6 0.2 0.0 0.2 0.6 1.7 1.9 0.0 0.0 0.7 1.0 1.7 1.2 0.9 0.7 0.1 0.1 0.4 0.8 1.9 2.3 Targeted Weighted Expense Ratio r 1.18% Asset Weighted Expense Ratio 1.18% 5. Performance data for the Long Term Pool Composite prior to 9130199 is only available quarterly. Therefore, our reports for non -quarter month ends cannot reflect the full historical performance. Quarter end reports will show the full history. 6. Long -Term Growth Policy Benchmark I is 55% MSCI AC World/ 10% MSCI ACWI + 3% /7% Barclays Capital US Aggregate / 5% FTSE World Gov1 Bond / 3% Barclays US TIPS/ 15% 60% MSCI AC World (Net)/40% Barclays Aggregate / 5% 50% Bloomberg Commodity/50% NCREIF Real Estate 7. Expense ratio is a weighted average based on the target allocation. Fee includes: investment management, consulting, custody and administraive fees. It does not include carried interest expense or the expenses of individual mangers within fund of fund vehicles. 8. Prior allocations: 11112000-813112003: 20.7% S&P 500110% MSCI EAFE/30% Barclays Aggrogata/8% Russell Mid Cap Growth/8% Russell Mid Cap Value/10% Russell 1000 Va/ue/10% Russell 1000 Growth/3.3% Russell NARIET 9/1/2003-12/312007: 70% S&P 500130% Barclays Aggregate ' - Signed Non -Disclosure Agreement on file. Investment advisory services are offered through Crewcial Partners, LLC, a Securities and Exchange Commission Registered Investment Advisor. Values are calculated as of the dale of the report. We believe the sources of our information, which may come from third -party service providers, to be reliable; however, the accuracy and completeness of the information is not guaranteed. Data reflected within this report may reflect data held at various Custodians and Managers, and may not be covered under SIPC. Certain other reported entities may be SIPC members that provide coverage for assets held there. You should contact your financial representative, or the other entity, or refer to the other entity's statement, regarding SIPC coverage. Assets reflected on this report are not held at the Firm on your behalf, but at the Custodian. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal of an investment will fluctuate so that an investor's shares when redeemed may be worth more or less than original cost. The values represented in this report may not reflect the true original cost of your initial investment. Performance returns for time periods longer than 365 days have been annualized. The figures do not represent potential market conditions, but do reflect the deduction of advisory fees. The client's return will be reduced by the advisory fees and any other expenses it may incur in the management of the advisory account. The advisory fees for Crewcial Partners, LLC, are disclosed in the Form ADV Part 2A Disclosure Brochure. 0 2020 Silicon Valley Community Foundation �51LICON VALLEY community Foundation' Silicon Valley Community Foundation Social Impact Pool Investment Performance Summary - Period Ending October 31, 2020 Net of Fees Annualized October 31, 2020 Annual Periods Assets % of Target/ 1 mon 3 mon CYTD 1 yr Market Value Pool Range (%) Social Impact Pool (6/30/99) 73,525,718 100.0% 100.0% -0.6 2.1 Social Impact Policy Benchmark 9 -1.7 0.2 70% MSCI ACW / 30% Barclays Capital US Agg -1.8 -0.2 Global Equity Composite (6/30109) 50,541,484 68.7% 60.0% -0.8 3.1 MSCI AC World 57%-63% -2.4 0.2 U.S. Large/Mid Cap Equity (10/30/03) 21,104,907 28.7% 3.3 0.5 S&P 500 -2.7 0.4 SSgA US Community Index (12/31/13) 21,104,907 28.7 % -3.3 0.5 S&P 500 -2.7 0.4 U.S. Small Cap Equity (1/31/08) 5,294,012 7.2% 2.7 2.8 Russell 2000 2.1 4.2 Ariel Fund (1/31/08) 2,831,437 3.9% 2.4 3.2 Russell 2500 Value 2.3 2.8 Aperio Group S&P 600 SRI (9/30/13) 2,462,575 3.3% 3.1 2.3 S&P 600 2.6 1.7 Non-U.S. Developed Equity (1/31108) 16,271,619 22.1% -1.0 3.5 MSCI EAFE -4.0 -1.7 Boston Common Int'I Social Fund (1/31/08) 5,168,888 7.0% -2.8 0.0 Aberdeen EAFE Plus SRI (3/31/12) 8,036,341 10.9% 0.5 6.7 Kabouter Intl Opps Fund II (6/30/16) 3,066,391 4.2% -1.9 1.3 MSCI EAFE -4.0 -1.7 Non-U.S. Emerging Equity (6/30109) 7,870,946 10.7% 4.4 9.9 MSCI Emerging Markets 2.1 2.6 Generation IM Asia ex Japan (6/30/16) 7,870,946 10.7% 4.4 9.9 MSCI Emerging Markets 2.1 2.6 U.S. Aggregate Bonds (10/30103) 8,239,959 11.2% 11.0% -0.5 -1.0 Barclays Capital US Aggregate 8%-14% -0.4 -1.3 TIAA CREF (3/31/16) 3,473,678 4.7% -0.4 -0.8 RBC Impact Bond R6 (10/31/18) 4,766,281 6.5% -0.5 -1.1 Barclays Capital US Aggregate -0.4 -1.3 3 yr 5 yr 7 yr 10 yr 2014 2015 2016 2017 2018 2019 1.4 6 7 7.2 1.3 5.8 5.8 7.3 6.4 7.5 1.6 5.8 5.7 7.1 6.1 6.8 1.9 9.0 6.8 9.5 8.0 8.9 -1.1 4.9 5.5 8.1 6.9 7.9 4.1 12.4 12.4 13.0 12.4 13.3 2.8 9.7 10.4 11.7 11.5 13.0 4.1 12.4 12.4 13.1 - - 2.8 9.7 10.4 11.7 11.5 13.0 -13.7 -8.2 -0.5 4.8 5.4 7.9 -6.8 -0.1 2.2 7.3 6.4 9.6 -14.2 -8.4 -0.1 3.8 5.1 8.4 -16.5 -11.9 -2.1 3.9 4.1 7.8 -13.2 -7.9 -0.2 5.9 5.7 0.0 -13.1 -7.7 0.2 6.5 6.3 10.4 3.4 9.5 3.7 6.4 3.1 3.7 -10.8 -6.9 -1.2 2.8 1.9 3.8 -1.6 4.2 1.2 4.2 2.3 3.4 9.0 15.6 7.1 8.6 3.7 0.0 -1.2 4.0 -0.4 - - - -10.8 -6.9 -1.2 2.8 1.9 3.8 6.0 13.4 4.9 10.4 5.0 3.4 0.9 8.3 1.9 7.9 3.3 2.4 6.0 13.4 4.9 - - - 0.9 8.3 1.9 7.9 3.3 2.4 6.2 5.9 5.0 3.9 3.8 3.8 6.3 6.2 5.1 4.1 3.8 3.6 5.5 5.3 5.0 - - - 6.8 6.6 - - - - 6.3 6.2 5.1 4.1 3.8 3.6 5.7 -2.7 'CaL 18.8 A-L 19A 4.9 -1.0 7.6 16.7 -5.8 20.9 4.8 -1.3 6.4 17.5 -6.5 21.2 6.1 -3.1 9.4 25.3 -9.2 26.9 4.2 -2.4 7.9 24.0 -9.4 26.6 14.3 0.7 11.8 21.2 -1.3 33.9 13.7 1.4 12.0 21.8 -4.4 31.5 12.5 1.2 13.0 19.9 -1.3 33.9 13.7 1.4 12.0 21.8 -4.4 31.5 7.4 -3.1 21.0 13.6 -11.7 23.9 4.9 -4.4 21.3 14.6 -11.0 25.5 11.0 -4.1 15.6 15.9 -13.5 25.1 7.1 -5.5 25.2 10.4 -12.4 23.6 4.4 -2.7 25.7 11.8 -8.6 22.6 5.8 -2.0 26.6 13.2 -8.5 22.8 -5.9 -7.6 2.3 27.9 -14.3 22.2 -4.9 -0.8 1.0 25.0 -13.8 22.0 -7.1 -2.5 -1.7 25.2 -14.7 22.5 -4.6 -13.9 5.9 26.7 -12.4 23.8 0.0 9.0 5.9 33.7 -18.4 17.9 -4.9 -0.8 1.0 25.0 -13.8 22.0 -1.3 -15.5 13.5 40.2 -15.7 21.7 -2.2 -14.9 11.2 37.3 -14.6 18.4 9.3 -3.2 5.2 40.2 -15.7 21.7 -2.2 -14.9 11.2 37.3 -14.6 18.4 6.8 0.5 1.0 4.5 0.5 8.0 6.0 0.6 2.6 3.5 0.0 8.7 8.2 1.1 3.0 4.5 0.3 8.7 - - - - - 7.5 6.0 0.6 2.6 3.5 0.0 8.7 © 2020 Silicon Valley Community Foundation Silicon Valley Community Foundation Social Impact Pool Investment Performance Summary - Period Ending October 31, 2020 Net of Fees Annualized October 31, 2020 �51LICON VALLEY community Foundation' Annual Periods Assets % of Target/ 1 mon 3 mon CYTD 1 yr 3 yr 5 yr 7 yr 10 yr 2014 2015 2016 2017 2018 2019 Market Value Pool Range (%) % % % % % % % % % % % % % % Global Bonds (3/31/12) FTSE World Gov't Bond Index Nikko Green Bond Fund (3/31/12) 2,060 FTSE World Gov't Bond Index Microvest Short Duration (3/31/12) Barclays 3 month LIBOR + 5% JP Morgan EMBI Global Diversified TIPS (6130/09) Barclays US TIPS Vanguard Inflation Protected Securities (6/30/09) Barclays US TIPS Private Equity (1/31115) MSCI ACWI +3% Huntington Capital Fund III LP (1/31/15) 429,169 0.6% TPG ART Partners LP (2/28/15) 1,312,726 1.8% Bain Capital Double Impact (6/30/17) 717,985 1.0% Ecosystem Integrity Fund III, L.P (7/31/17) 794,374 1.1% HCAP IV (9/30/18) 652,783 0.9% 5,629,901 ,554 3,569,347 3,351,367 3,351,367 3,907,037 7.7% 2.8% 4.9% 4.6% 4.6% 5.3% 7.0% 0.3 -0.2 0.0 0.7 1.7 2.4 -1.5 - -6.2 -15.3 6.0 4.4 0.1 4.9 4%-10% -0.2 -0.8 6.9 6.0 4.5 3.9 2.1 1.7 -0.5 -3.6 1.6 7.5 -0.8 5.9 0.4 0.3 0.0 0.7 0.8 1.6 -2.0 - -6.2 -15.3 2.6 7.8 -3.8 5.1 -0.2 -0.8 6.9 6.0 4.5 3.9 2.1 1.7 -0.5 -3.6 1.6 7.5 -0.8 5.9 0.2 -0.5 -0.1 0.7 2.2 2.5 2.8 - 4.8 1.9 2.5 2.1 2.9 4.7 0.4 1.3 4.9 6.1 7.1 6.7 6.3 6.1 5.4 5.5 5.9 6.5 7.6 7.6 0.0 -1.4 -0.6 1.0 3.2 5.8 5.4 5.3 7.4 1.5 10.2 11.4 -4.3 15.0 4.0% -0.6 0.0 8.5 9.2 5.3 4.3 3.1 3.2 4.1 -1.7 4.6 3.0 -1.4 8.2 1%-7% -0.6 0.1 8.5 9.1 5.5 4.4 3.2 3.2 3.6 -1.4 4.7 3.0 -1.3 8.4 -0.6 0.0 8.5 9.2 5.3 4.3 3.1 3.2 4.1 -1.7 4.6 3.0 -1.4 8.2 -0.6 0.1 8.5 9.1 5.5 4.4 3.2 3.2 3.6 -1.4 4.7 3.0 -1.3 8.4 10.0 % 0.0 3.1 -2.5 5.2 4.6 4.2 - - - -0.2 7.0 9.6 7.2 7 %-13 % -2.2 1.0 1.4 8.1 8.7 11.4 10.1 11.2 7.3 0.6 11.1 27.7 -6.6 30.4 Private Real Assets/Real Estate (TBD) 0 0.0 % 3.0 % - - - - - - - - 0%-6% Social Impact Pool Cash (12/31/07) 1,855,968 2.5 % 5.0 % 0.0 0.0 0.4 0.6 1.4 1.0 0.7 0.5 0.0 0.0 0.2 0.8 1.7 2.1 U.S. Treasury Bills 0.0 0.0 0.7 1.0 1.7 1.2 0.9 0.7 0.1 0.1 0.4 0.8 1.9 2.3 Targeted Weighted Expense Ratio"0.88% Asset Weighted Expense Ratio 0.73% 9. Social Impact Policy Benchmark is 60% MSCI AC Wodd / 11 % Barclays Capital US Aggregate / 4 % Barclays US TIPS/ 7% FTSE World Gov't Bond / 10% MSCI ACWI + 3% / 1.5% NCREIF Real Estate/ 1.5 % Bloomberg Commodity / 5% US T Bills. 10. Expense ratio is a weighted average based on the target allocation. Fee includes: Investment Management, Consulting, Custody and Administraive fees. Fee does not include carried interest expense or the expenses of individual mangers within fund of fund vehicles. Investment advisory services are offered through Crewcial Partners, LLC, a Securities and Exchange Commission Registered Investment Advisor. Values are calculated as of the date of the report. We believe the sources of our information, which may come from third -party service providers, to be reliable; however, the accuracy and completeness of the information is not guaranteed. Data reflected within this report may reflect data held at various Custodians and Managers, and may not be covered under SIPC. Certain other reported entities may be SIPC members that provide coverage for assets held there. You should contact your financial representative, or the other entity, or refer to the other entity's statement, regarding SIPC coverage. Assets reflected on this report are not held at the Firm on your behalf, but at the Custodian. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal of an investment will fluctuate so that an investors shares when redeemed may be worth more or less than original cost. The values represented in this report may not reflect the true original cost of your initial investment. Performance returns for time periods longer than 365 days have been annualized. The figures do not represent potential market conditions, but do reflect the deduction of advisory fees. The client's return will be reduced by the advisory fees and any other expenses it may incur in the management of the advisory account. The advisory fees for Crewcial Partners, LLC, are disclosed in the Form ADV Part 2A Disclosure Brochure. © 2020 Silicon Valley Community Foundation 5,629,901 ,554 3,569,347 3,351,367 3,351,367 3,907,037 7.7% 2.8% 4.9% 4.6% 4.6% 5.3% 7.0% 0.3 -0.2 0.0 0.7 1.7 2.4 -1.5 - -6.2 -15.3 6.0 4.4 0.1 4.9 4%-10% -0.2 -0.8 6.9 6.0 4.5 3.9 2.1 1.7 -0.5 -3.6 1.6 7.5 -0.8 5.9 0.4 0.3 0.0 0.7 0.8 1.6 -2.0 - -6.2 -15.3 2.6 7.8 -3.8 5.1 -0.2 -0.8 6.9 6.0 4.5 3.9 2.1 1.7 -0.5 -3.6 1.6 7.5 -0.8 5.9 0.2 -0.5 -0.1 0.7 2.2 2.5 2.8 - 4.8 1.9 2.5 2.1 2.9 4.7 0.4 1.3 4.9 6.1 7.1 6.7 6.3 6.1 5.4 5.5 5.9 6.5 7.6 7.6 0.0 -1.4 -0.6 1.0 3.2 5.8 5.4 5.3 7.4 1.5 10.2 11.4 -4.3 15.0 4.0% -0.6 0.0 8.5 9.2 5.3 4.3 3.1 3.2 4.1 -1.7 4.6 3.0 -1.4 8.2 1%-7% -0.6 0.1 8.5 9.1 5.5 4.4 3.2 3.2 3.6 -1.4 4.7 3.0 -1.3 8.4 -0.6 0.0 8.5 9.2 5.3 4.3 3.1 3.2 4.1 -1.7 4.6 3.0 -1.4 8.2 -0.6 0.1 8.5 9.1 5.5 4.4 3.2 3.2 3.6 -1.4 4.7 3.0 -1.3 8.4 10.0 % 0.0 3.1 -2.5 5.2 4.6 4.2 - - - -0.2 7.0 9.6 7.2 7 %-13 % -2.2 1.0 1.4 8.1 8.7 11.4 10.1 11.2 7.3 0.6 11.1 27.7 -6.6 30.4 Private Real Assets/Real Estate (TBD) 0 0.0 % 3.0 % - - - - - - - - 0%-6% Social Impact Pool Cash (12/31/07) 1,855,968 2.5 % 5.0 % 0.0 0.0 0.4 0.6 1.4 1.0 0.7 0.5 0.0 0.0 0.2 0.8 1.7 2.1 U.S. Treasury Bills 0.0 0.0 0.7 1.0 1.7 1.2 0.9 0.7 0.1 0.1 0.4 0.8 1.9 2.3 Targeted Weighted Expense Ratio"0.88% Asset Weighted Expense Ratio 0.73% 9. Social Impact Policy Benchmark is 60% MSCI AC Wodd / 11 % Barclays Capital US Aggregate / 4 % Barclays US TIPS/ 7% FTSE World Gov't Bond / 10% MSCI ACWI + 3% / 1.5% NCREIF Real Estate/ 1.5 % Bloomberg Commodity / 5% US T Bills. 10. Expense ratio is a weighted average based on the target allocation. Fee includes: Investment Management, Consulting, Custody and Administraive fees. Fee does not include carried interest expense or the expenses of individual mangers within fund of fund vehicles. Investment advisory services are offered through Crewcial Partners, LLC, a Securities and Exchange Commission Registered Investment Advisor. Values are calculated as of the date of the report. We believe the sources of our information, which may come from third -party service providers, to be reliable; however, the accuracy and completeness of the information is not guaranteed. Data reflected within this report may reflect data held at various Custodians and Managers, and may not be covered under SIPC. Certain other reported entities may be SIPC members that provide coverage for assets held there. You should contact your financial representative, or the other entity, or refer to the other entity's statement, regarding SIPC coverage. Assets reflected on this report are not held at the Firm on your behalf, but at the Custodian. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal of an investment will fluctuate so that an investors shares when redeemed may be worth more or less than original cost. The values represented in this report may not reflect the true original cost of your initial investment. Performance returns for time periods longer than 365 days have been annualized. The figures do not represent potential market conditions, but do reflect the deduction of advisory fees. The client's return will be reduced by the advisory fees and any other expenses it may incur in the management of the advisory account. The advisory fees for Crewcial Partners, LLC, are disclosed in the Form ADV Part 2A Disclosure Brochure. © 2020 Silicon Valley Community Foundation Private Real Assets/Real Estate (TBD) 0 0.0 % 3.0 % - - - - - - - - 0%-6% Social Impact Pool Cash (12/31/07) 1,855,968 2.5 % 5.0 % 0.0 0.0 0.4 0.6 1.4 1.0 0.7 0.5 0.0 0.0 0.2 0.8 1.7 2.1 U.S. Treasury Bills 0.0 0.0 0.7 1.0 1.7 1.2 0.9 0.7 0.1 0.1 0.4 0.8 1.9 2.3 Targeted Weighted Expense Ratio"0.88% Asset Weighted Expense Ratio 0.73% 9. Social Impact Policy Benchmark is 60% MSCI AC Wodd / 11 % Barclays Capital US Aggregate / 4 % Barclays US TIPS/ 7% FTSE World Gov't Bond / 10% MSCI ACWI + 3% / 1.5% NCREIF Real Estate/ 1.5 % Bloomberg Commodity / 5% US T Bills. 10. Expense ratio is a weighted average based on the target allocation. Fee includes: Investment Management, Consulting, Custody and Administraive fees. Fee does not include carried interest expense or the expenses of individual mangers within fund of fund vehicles. Investment advisory services are offered through Crewcial Partners, LLC, a Securities and Exchange Commission Registered Investment Advisor. Values are calculated as of the date of the report. We believe the sources of our information, which may come from third -party service providers, to be reliable; however, the accuracy and completeness of the information is not guaranteed. Data reflected within this report may reflect data held at various Custodians and Managers, and may not be covered under SIPC. Certain other reported entities may be SIPC members that provide coverage for assets held there. You should contact your financial representative, or the other entity, or refer to the other entity's statement, regarding SIPC coverage. Assets reflected on this report are not held at the Firm on your behalf, but at the Custodian. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal of an investment will fluctuate so that an investors shares when redeemed may be worth more or less than original cost. The values represented in this report may not reflect the true original cost of your initial investment. Performance returns for time periods longer than 365 days have been annualized. The figures do not represent potential market conditions, but do reflect the deduction of advisory fees. The client's return will be reduced by the advisory fees and any other expenses it may incur in the management of the advisory account. The advisory fees for Crewcial Partners, LLC, are disclosed in the Form ADV Part 2A Disclosure Brochure. © 2020 Silicon Valley Community Foundation G�S11_1 tyVALLEY Silicon Valley Community Foundation Balanced Pool Investment Performance Summary - Period Ending October 31, 2020 Net of Fees Annualized October 31, 2020 Assets % of Target/ 1 mon 3 mon CYTD 1 yr 3 yr 5 yr 7 yr 10 yr Annual Periods Balanced Pool (7/31/03) .0% .0 U.0 4T 6.3 4.5 5. Balanced Policy Benchmark -1.5 -0.3 3.2 6.3 5.4 6.2 5.0 5.5 3.7 -2.8 7.2 50%MSCI ACW/50% Barclays Capital US Agg 12 -1.4 -0.5 3.2 6.2 5.7 6.4 5.6 6.0 5.1 -0.7 5.4 Global Equity Composite (6/30/09) 63,783,773 51.6 % 48.0 % -1.0 1.7 -0.6 5.3 3.9 7.7 6.2 8.5 2.2 -3.7 8.9 MSCI AC World 45 %-51 % -2.4 0.2 -1.1 4.9 5.5 8.1 6.9 7.9 4.2 -2.4 7.9 U.S. Large/Mid Cap Equity (3/31107) 28,202,678 22.8 % -1.7 1.6 1.1 7.6 9.3 10.8 9.8 12.1 8.2 -1.1 8.1 S&P 500 -2.7 0.4 2.8 9.7 10.4 11.7 11.5 13.0 13.7 1.4 12.0 Russell Mid Cap 0.6 2.1 -1.7 4.1 6.8 9.0 8.9 11.4 13.2 -2.4 13.8 HS Concentrated Quality Growth (9/30/17) 7,697,468 6.2% -1.7 3.6 0.7 6.6 12.8 - - - - - - Russell 1000 Growth -3.4 1.6 20.1 29.2 18.8 17.3 16.1 16.3 13.1 5.7 7.1 Vanguard Institutional Index (10/31/07) 15,069,056 12.2% -2.7 0.4 2.8 9.7 10.4 11.7 11.5 13.0 12.6 1.4 11.9 S&P 500 -2.7 0.4 2.8 9.7 10.4 11.7 11.5 13.0 13.7 1.4 12.0 Iridian Private Business Value Equity (3/31/16) 5,436,154 4.4% 1.0 2.1 -2.6 4.0 -0.5 - - - 13.4 -4.5 - Russell Midcap Value 0.9 2.5 -12.0 -6.9 0.9 5.3 6.1 9.4 14.7 -4.8 20.0 U.S. Small Cap Equity (3/31/07) 6,010,474 4.9% 4.7 9.6 17.1 21.6 3.9 7.7 4.1 7.5 -4.2 -12.3 14.4 Russell 2000 2.1 4.2 -6.8 -0.1 2.2 7.3 6.4 9.6 4.9 -4.4 21.3 Ariel Small Cap Deep Value (1/31/14) 1,884,605 1.5% 2.1 7.2 -12.1 -8.1 -7.8 -0.3 - - - -25.5 24.4 Russell2000 Value 3.6 4.1 -18.7 -13.9 -4.1 3.7 3.3 7.1 4.2 -7.5 31.7 SON Investors Offshore Ltd (11/30/17) 4,125,869 3.3% 5.9 10.7 38.2 42.7 - - - - - 15.6 19.4 Russell 2500 Technology 1.0 0.3 22.1 32.2 22.7 21.1 17.5 16.2 7.2 1.9 15.1 Non-U.S. Developed Equity (3/31107) 16,754,968 13.6% -2.7 -0.8 -6.2 -1.1 -1.5 3.8 2.9 5.0 -4.4 0.3 5.4 MSCI EAFE -4.0 -1.7 -10.8 -6.9 -1.2 2.8 1.9 3.8 -4.9 -0.8 1.0 Artisan Int'I Value (12/31/07) 6,260,453 5.1 % -2.5 -1.1 -12.9 -7.0 -2.7 2.9 3.0 6.6 -0.4 -1.5 5.7 MSCI SAFE Value -4.0 -3.1 -21.6 -18.4 -7.4 -1.1 -1.5 1.3 -5.4 -5.7 5.0 Vanguard Developed Markets (12/31/07) 4,319,967 3.5% -3.7 -0.9 -9.2 -4.7 -0.9 3.6 2.5 4.2 -5.6 -0.2 2.5 MSCI SAFE -4.0 -1.7 -10.8 -6.9 -1.2 2.8 1.9 3.8 -4.9 -0.8 1.0 Lizard International (4/30115) 6,174,548 5.0% -2.3 -0.6 4.5 8.9 -0.4 5.5 - - 0.5 0.4 7.2 MSCI ACW1 exUS -2.2 -0.5 -7.5 -2.6 -0.2 4.3 2.3 3.4 -3.9 -5.7 4.5 Opportunistic Equity (1/31/17) 5,553,296 4.5 % 1.1 2.4 5.4 12.5 5.4 - - - - - - MSCI World -3.1 -0.2 -1.4 4.4 6.0 8.1 7.3 8.6 4.9 -0.9 7.5 Gobi Investment Fund Ltd (1/31/17) 5,553,296 4.5 % 1.1 2.4 5.4 12.5 5.4 - - - - - - MSCI World -3.1 -0.2 -1.4 4.4 6.0 8.1 7.3 8.6 4.9 -0.9 7.5 Non-U.S. Emerging Equity (9/30/07) 7,262,357 5.9% -0.1 1.5 -9.5 -4.3 -2.5 5.4 1.6 1.8 -1.3 -16.7 18.3 MSCI Emerging Markets 2.1 2.6 0.9 8.3 1.9 7.9 3.3 2.4 -2.2 -14.9 11.2 Westwood Global (4/30/09) 4,676,317 3.8% -1.0 1.4 -12.3 -7.6 -3.7 4.4 1.0 1.8 -0.9 -16.6 19.7 DFA Emerging Markets (12/31/07) 2,586,040 2.1% 1.5 1.8 -3.9 2.4 0.0 6.7 2.5 2.1 -1.7 -15.8 12.1 MSCI Emerging Markets 2.1 2.6 0.9 8.3 1.9 7.9 3.3 2.4 -2.2 -14.9 11.2 U.S. Aggregate Bonds (3131/07) 32,428,022 26.3% 24.0% -0.3 -0.8 7.2 6.9 5.3 4.4 4.1 3.9 6.4 0.4 3.1 Barclays Capital US Aggregate 21%-27% -0.4 -1.3 6.3 6.2 5.1 4.1 3.8 3.6 6.0 0.6 2.6 Garcia Hamilton Aggregate (7/31/14) 16,369,222 13.3% -0.3 -0.7 6.8 6.6 5.2 4.3 - - 8.0 0.7 3.3 IR&M (6/30/09) 16,058,800 13.0% -0.3 -0.9 7.6 7.4 5.5 4.6 4.3 4.0 6.9 0.3 3.0 Barclays Capital US Aggregate -0.4 -1.3 6.3 6.2 5.1 4.1 3.8 3.6 6.0 0.6 2.6 TIPS (6130/09) 3,263,884 2.6% 7.0% -0.6 0.0 8.5 9.2 5.3 4.3 3.1 3.2 3.9 -1.7 4.6 Barclays US TIPS 4%-11 % -0.6 0.1 8.5 9.1 5.5 4.4 3.2 3.2 3.6 -1.4 4.7 Vanguard Inflation Protected Securities (6/30/09) 3,263,884 2.6% -0.6 0.0 8.5 9.2 5.3 4.3 3.1 3.2 3.9 -1.7 4.6 Barclays US TIPS -0.6 0.1 8.5 9.1 5.5 4.4 3.2 3.2 3.6 -1.4 4.7 1 12.3 -4.8 16.9 13.4 -4.6 17.6 26.0 -10.5 22.0 24.0 -9.4 26.6 26.3 -7.2 33.4 21.8 -4.4 31.5 18.5 -9.1 30.5 - -4.5 38.6 30.2 -1.5 36.4 21.7 -4.4 31.5 21.8 -4.4 31.5 22.4 -23.8 31.9 13.3 -12.3 27.1 18.1 -7.5 1.9 14.6 -11.0 25.5 9.3 -22.3 12.1 7.8 -12.9 22.4 - 5.0 -4.4 23.8 5.7 43.5 24.7 -15.2 18.4 25.0 -13.8 22.0 24.1 -15.4 24.2 21.4 -14.8 16.1 26.5 -14.5 22.1 25.0 -13.8 22.0 26.8 -15.5 9.4 27.2 -14.2 21.5 - -11.7 18.3 22.4 -8.7 27.7 - -11.7 18.3 22.4 -8.7 27.7 31.8 -11.4 12.4 37.3 -14.6 18.4 28.7 -10.3 10.7 36.6 -13.6 16.0 37.3 -14.6 18.4 3.7 0.4 7.9 3.5 0.0 8.7 3.8 0.9 7.0 3.7 -0.2 9.0 3.5 0.0 8.7 3.0 -1.4 8.2 3.0 -1.3 8.4 3.0 -1.4 8.2 3.0 -1.3 8.4 0 2020 Silicon Valley Community Foundation G�S111_1 tyVALLEY Silicon Valley Community Foundation Balanced Pool Investment Performance Summary - Period Ending October 31, 2020 Net of Fees October 31, 2020 Annual Periods Assets % of Target/ 1 mon 3 mon CYTD 1 yr 3 yr 5 yr 7 yr 10 yr 2014 2015 2016 2017 Global Bonds (8/31/07) 19,901,883 16.1 % 14.0 % 0.1 -0.8 5.4 6.0 4.4 4.4 2.4 2.8 1.1 -5.3 3.5 8.1 -1.0 7.5 FTSE World GovY Bond 11 %-17 % -0.2 -0.8 6.9 6.0 4.5 3.9 2.1 1.7 -0.5 -3.6 1.6 7.5 -0.8 5.9 Colchester Global Bond (8/31/07) 19,901,883 16.1 % 0.1 -0.8 5.4 6.0 4.4 4.4 2.1 2.5 -0.2 -6.0 3.8 8.1 -1.0 7.5 FSTE World Gov't Bond -0.2 -0.8 6.9 6.0 4.5 3.9 2.1 1.7 -0.5 -3.6 1.6 7.5 -0.8 5.9 Total Hedge Funds 1,395,414 1.1 % 7.0% 1.5 4.6 12.0 15.5 5.7 5.7 4.4 5.0 0.7 -2.5 1.6 10.4 -6.2 13.7 HFRI Fund of Funds 2 %-12 % 0.3 2.3 2.9 5.5 2.7 3.0 3.0 2.8 3.4 -0.3 0.7 7.7 -3.9 8.3 Equity Hedge (12/31116) 1,395,414 1.1 % 1.5 4.6 12.0 15.5 5.8 - - - - - - 10.4 -6.2 13.7 HFRI Equity Hedged 0.4 2.5 3.0 7.3 3.6 5.1 4.3 4.4 1.8 -1.0 5.5 13.5 -6.9 13.7 Lone Juniper (12/31/16) 1,395,414 1.1% 1.5 4.6 12.0 15.5 5.8 - - - 2.3 1.0 - 10.4 -6.2 13.7 HFRI Equity Hedged 0.4 2.5 3.0 7.3 3.6 5.1 4.3 4.4 1.8 -1.0 5.5 13.5 -6.9 13.7 Total Cash 2,731,804 2.2% 0.0% Cash & Equivalents (3/31/07) 2,731,804 0.0 0.0 0.3 0.6 1.4 1.0 0.7 0.5 0.0 0.0 0.3 0.5 1.7 2.1 U.S. Treasury Bills 0.0 0.0 0.7 1.0 1.7 1.2 0.9 0.7 0.1 0.1 0.4 0.8 1.9 2.3 Targeted Weighted Expense Ratio 'y 0.72% Asset Weighted Expense Ratio 0.69% 11. Balanced Policy Benchmark is 48% MSCI AC Wodd 124% Barclays Capital US Agg / 14% FTSE World Gov1 Bond/ 7% Barclays US TIPS 17% 60% MSCI AC World (Net) 40% Barclays Aggregate 12. Prior Allocations: 9/1/2003 - 1213112004: 55% S&P 500145% Barclays Aggregate. 1/1/2005 - 1213112007.,40% S&P 500160% Barclays Aggregate 13. Expense ratio is a weighted average based on the target allocation. Fee includes: Investment Management, Consulting, Custody and Administraive fees. Fee does not include carried interest expense or the expenses of individual mangers within fund of fund vehicles. Investment advisory services are offered through Crewcial Partners, LLC, a Securities and Exchange Commission Registered Investment Advisor. Values are calculated as of the date of the report. We believe the sources of our information, which may come from third -party service providers, to be reliable; however, the accuracy and completeness of the information is not guaranteed. Data reflected within this report may reflect data held at various Custodians and Managers, and may not be covered under SIPC. Certain other reported entities may be SIPC members that provide coverage for assets held there. You should contact your financial representative, or the other entity, or refer to the other entites statement, regarding SIPC coverage. Assets reflected on this report are not held at the Firm on your behalf, but at the Custodian. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal of an investment will fluctuate so that an investors shares when redeemed may be worth more or less than original cost. The values represented in this report may not reflect the true original cost of your initial investment. Performance returns for time periods longer than 365 days have been annualized. The figures do not represent potential market conditions, but do reflect the deduction of advisory fees. The client's return will be reduced by the advisory fees and any other expenses it may incur in the management of the advisory account. The advisory fees for Crewcial Partners, LLC, are disclosed in the Form ADV Part 2A Disclosure Brochure. 0 2020 Silicon Valley Community Foundation Silicon Valley Community Foundation Short -Term Pool Investment Performance Summary - Period Ending October 31, 2020 Net of Fees Annualized October 31, 2020 SILICON VALLEY community foundation' Annual Periods Assets % of Target/ 1 mon 3 mon CYTD 1 yr 3 yr 5 yr 7 yr 10 yr 2014 2015 2016 2017 2018 2019 Market Value Pool Range (%) % % % % % % % % I % % % % % % Short -Term Pool (12/31/02) ,717,331 100.11 ^ ^ 4.7 5.0 3.7 Short -Term Policy Benchmark " -0.1 -0.1 4.5 4.6 3.5 Barclays Capital 1-3 Year Gov't/Credit 0.0 0.1 3.1 3.4 2.9 U.S. Short Term Bonds (3/31/07) 117,373,956 64.6% 70.0% -0.1 0.0 4.4 4.5 3.4 90 Day Treasury Bills 65%-75% 0.0 0.0 0.6 0.9 1.6 Vanguard Short Term Bond (12/31/07) 117,373,956 64.6% -0.1 0.0 4.4 4.5 3.4 Barclays Capital 1-3 Year Gov't/Credit 0.0 0.1 3.1 3.4 2.9 TIPS (6/30/09) 27,232,954 15.0% 15.0% -0.2 0.8 3.4 4.3 3.0 Barclays US TIPS 12%-18% -0.6 0.1 8.5 9.1 5.5 Vanguard Short Term TIPS (10/31/15) 27,232,954 15.0% -0.2 0.8 3.4 4.3 - Barclays US TIPS 1-5 Yr -0.2 0.8 3.9 4.8 3.1 Global Bonds (8/31/07) 27,852,633 15.3% 15.0% 0.1 -0.8 5.4 6.0 4.4 FTSE World Gov't Bond 10%-20% -0.2 -0.8 6.9 6.0 4.5 Colchester Global Bond (8/31/07) 27,852,633 15.3% 0.1 -0.8 5.4 6.0 4.4 FTSE World Gov't Bond -0.2 -0.8 6.9 6.0 4.5 Cash & Equivalents (3/31/07) 9,257,788 5.1% 0.0% 0.0 0.0 0.3 0.6 1.4 U.S. Treasury Bills 0.0 0.0 0.7 1.0 1.7 Targeted Weighted Expense Ratio 75 0.25% Asset Weighted Expense Ratio 0.25% 14. Short -Term Policy Benchmark is 75% Barclays Gov/Credit 1-3 Years / 15% FTSE World Gov't Bond / 10% Barclays US TIPS 15. Expense ratio is a weighted average based on the target allocation. Fee includes: Investment Management, Consulting, Custody and Administraive fees. Fee does not include carried interest expense or the expenses of individual mangers within fund of fund vehicles. 2.9 2.2 2.3 1.5 -0.1 1.8 2.2 1.2 5.0 2.7 2.0 2.0 0.9 -0.2 1.9 2.1 0.8 5.0 2.1 1.8 1.7 0.8 0.7 1.3 0.8 1.6 4.0 2.6 2.2 2.0 1.3 0.9 1.5 1.2 1.4 4.9 1.2 0.8 0.6 0.0 0.0 0.3 0.8 1.9 2.3 2.6 2.2 2.0 1.3 0.9 1.5 1.2 1.4 4.9 2.1 1.8 1.7 0.8 0.7 1.3 0.8 1.6 4.0 2.4 1.8 2.2 4.1 -0.8 2.8 0.8 0.6 4.8 4.4 3.2 3.2 3.6 -1.4 4.7 3.0 -1.3 8.4 - - - -1.2 -0.2 2.8 0.8 0.6 4.8 2.5 1.6 1.7 -1.1 -0.2 3.1 0.8 0.4 5.1 4.4 2.4 2.8 1.1 -5.4 3.6 8.1 -1.0 7.5 3.9 2.1 1.7 -0.5 -3.6 1.6 7.5 -0.8 5.9 4.4 2.1 2.5 -0.3 -6.0 3.8 8.1 -1.0 7.5 3.9 2.1 1.7 -0.5 -3.6 1.6 7.5 -0.8 5.9 1.0 0.7 0.5 0.0 0.0 0.3 0.8 1.7 2.1 1.2 0.9 0.7 0.1 0.1 0.4 0.8 1.9 2.3 Investment advisory services are offered through Crewcial Partners, LLC, a Securities and Exchange Commission Registered Investment Advisor. Values are calculated as of the date of the report. We believe the sources of our information, which may come from third -party service providers, to be reliable; however, the accuracy and completeness of the information is not guaranteed. Data reflected within this report may reflect data held at various Custodians and Managers, and may not be covered under SIPC. Certain other reported entities may be SIPC members that provide coverage for assets held there. You should contact your financial representative, or the other entity, or refer to the other entity's statement, regarding SIPC coverage. Assets reflected on this report are not held at the Firm on your behalf, but at the Custodian. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal of an investment will fluctuate so that an investor's shares when redeemed may be worth more or less than original cost. The values represented in this report may not reflect the true original cost of your initial investment. Performance returns for time periods longer than 365 days have been annualized. The figures do not represent potential market conditions, but do reflect the deduction of advisory fees. The client's return will be reduced by the advisory fees and any other expenses it may incur in the management of the advisory account. The advisory fees for Crewcial Partners, LLC, are disclosed in the Form AD Part 2A Disclosure Brochure. 0 2020 Silicon Valley Community Foundation Capital Preservation Pool Investment Performance Summary - Period Ending October 31, 2020 Net of Fees Annualized October 31, 2020 Annual Periods Assets % of Target/ 1 mon 3 mon CYTD 1 yr 3 yr 5 yr 7 yr 10 yr 2014 2015 2016 2017 2018 2019 Market Value Pool Range (%) % % % % % % % % % % % % % % Capital Preservation Pool (11/30/92) 1,256,062,972 100.0% 100.0% 0.0 0.1 0.6 0.9 1.5 1.1 0.8 0.7 0.2 0.2 0.3 0.8 1.6 2.1 U.S. Treasury Bills 0.0 0.0 0.7 1.0 1.7 1.2 0.9 0.7 0.1 0.1 0.4 0.8 1.9 2.3 Money Market Funds 50.0% Vanguard Federal Money Market Fund (10/31/08) 786,315,584 62.6% 50%-100% 0.0 0.0 0.4 0.7 1.5 1.1 0.8 0.6 0.1 0.1 0.3 0.8 1.7 2.1 BNY Mellon Government Money Market Fund (7/31/08) 300,191,465 23.9% 0.0 0.0 0.4 0.6 1.5 1.1 0.8 0.5 0.0 0.0 0.2 0.8 1.7 2.1 Insured Money Market (8/31/11) 41,891,911 3.3% 0.0 0.1 0.7 1.0 1.4 0.9 0.7 - 0.1 0.1 0.1 0.3 1.4 2.1 Certificates of Deposit 50.0% CDARS (11/30/08) 119,155,357 9.5% 0%-50% 0.1 0.3 1.3 1.7 1.7 1.2 1.0 0.9 0.5 0.4 0.5 0.6 1.4 2.2 Non-insured CD's (5/31/17) 8,508,655 0.7% 0.2 0.5 1.5 1.8 1.8 - - - - - - - 1.8 1.8 U.S. Treasury Bills 0.0 0.0 0.7 1.0 1.7 1.2 0.9 0.7 0.1 0.1 0.4 0.8 1.9 2.3 Targeted Weighted Expense Ratio 16 0.15% Asset Weighted Expense Ratio 0.18% 16. Expense ratio is a weighted average based on the target allocation. Fee includes: Investment Management, Consulting, Custody and Administraive fees Fee does not include carried interest expense or the expenses of individual mangers within fund of fund vehicles. Investment advisory services are offered through Crewcial Partners, LLC, a Securities and Exchange Commission Registered Investment Advisor. Values are calculated as of the date of the report. We believe the sources of our information, which may come from third -party service providers, to be reliable; however, the accuracy and completeness of the information is not guaranteed. Data reflected within this report may reflect data held at various Custodians and Managers, and may not be covered under SIPC. Certain other reported entities may be SIPC members that provide coverage for assets held there. You should contact your financial representative, or the other entity, or refer to the other entity's statement, regarding SIPC coverage. Assets reflected on this report are not held at the Firm on your behalf, but at the Custodian. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal of an investment will fluctuate so that an investor's shares when redeemed may be worth more or less than original cost. The values represented in this report may not reflect the true original cost of your initial investment. Performance returns for time periods longer than 365 days have been annualized. The figures do not represent potential market conditions, but do reflect the deduction of advisory fees. The client's return will be reduced by the advisory fees and any other expenses it may incur in the management of the advisory account. The advisory fees for Crewcial Partners, LLC, are disclosed in the Form ADV Part 2A Disclosure Brochure. 0 2020 Silicon Valley Community Foundation Statement Period COS C O N VALLEY September 1, 2020 through September 30, 2020 munity foundation° Fund Name/Number Julia M. Farrell Memorial Fund (1014) SVCF Main Contact: Manuel Santamaria Vice President, Community Impact 650.450.5491 mjsantamaria@siliconvalleycf.org T4,.,.,11 . -F- +4,..., .H...,....f ......L;.,.. +...,..+&% Your philanthropy advisor - listed above - is here to help you make the most of our partnership. As you review your statement and make plans for your fund, always let us know what we can do. For all of the good that you do in our community and our world, thank you! Fund Activity Beginning Balance Investment Activity Endowment Pool Grants Authorized Support Fees Ending Balance Fund Assets Investment Pools Endowment Pool Total Fund Assets Restricted Balance Permanently/Temporarily Restricted Assets Total Restricted Balance Balance Available for Grants Statement Period Y-T-D $5,884.26 $5,663.26 (27.17) 496.29 0.00 (284.19) (2.36) (20.63) $5,854.73 $5,854.73 5,854.73 $5,854.73 5,000.00 $5,000.00 $0.00 SILICON VALLEY community foundation° Fund Name/Number Statement Period September 1, 2020 through September 30, 2020 Julia M. Farrell Memorial Fund (1014) Investment Performance 3 Month Y-T-D One Year Three Year Five Year Fund Returns -0.46% 9.40 % 14.42 % 6.92 % 7.98 % This Fund's Benchmarks 6.80% 2.80 % 10.20 % 7.50 % 9.70 % About Your Fund Statement ACCOUNTS PAYABLE: Expenses that have been approved, but are scheduled for payment on a future date. ASSETS TO BE INVESTED: Assets that have yet to be invested, but will be at the beginning of the following month. GAINS OR (LOSSES) ON GIFTED ASSET: Difference in the value of property when donated and the value when liquidated. GIFTS: Contributions/donations made to your fund. GRANTS AUTHORIZED: Reflects all grants to qualified organizations that have been recommended by the donor and approved by Silicon Valley Community Foundation. If the grant is scheduled for payment on a future date, it will also appear in the Restricted Assets section as Grants Payable, reducing the balance available for granting. GRANTS PAYABLE: Grants that have been approved, but are scheduled for payment on a future date. ILLIQUID ASSETS: Donated property that has not been sold. INTERFUND GIFTS: Transfers to your fund from another fund at Silicon Valley Community Foundation. INTERFUND GRANTS: Transfers from your fund to another fund at Silicon Valley Community Foundation. INVESTMENT RETURNS: Reflects the total return in the investment pool, net of investment management fees. OTHER ADDITIONS: Deposits to your fund that do not represent a gift, i.e. partnership income, dividends/interest earned on gifted securities, other assets received in exchange for goods or services. OTHER EXPENSES: Administrative expenses paid from your fund, i.e. legal, consulting and credit card processing fees. RECEIVABLES: Assets in the form of obligations due from others. RESTRICTED ASSETS: Assets that may not be used for granting purposes SECURITIES BEING LIQUIDATED: Gifted securities pending sale or settlement. SUPPORT FEES: An allocation to the community foundation's operating fund to enable on -going work with donors and the nonprofit community. Fees are computed and paid on a monthly basis (1/12) per the stated fee rate schedule. Investment Information Fund returns are net of investment fees and expenses. Periods greater than one year are annualized. This Fund's Benchmark is a composite policy benchmark return weighted by the fund's allocation to an investment pool. Each policy benchmark is comprised of market index returns weighted by the pool's strategic asset allocation target. Comparison to the benchmark is not appropriate if the fund's allocation changed during the performance period, or if the fund includes assets outside of the SVCF pools. Additional information regarding investments, performance and benchmarks is on the online portal under Investment Information. Please contact your philanthropy advisor with any questions. Investment Pool Allocation Guidelines Long -Term Growth: For funds seeking maximum growth. Appropriate for funds distributing less than 7% annually or that portion of a fund that can tolerate volatility and will remain invested for at least seven years to realize growth opportunities. Social Impact: For funds seeking maximum growth from companies with strong financial and social records. Appropriate for that portion of a fund that can tolerate volatility and will remain invested for at least seven years to realize growth. Balanced: For funds seeking more moderate levels of growth and risk. Appropriate for funds distributing over 7% annually or that portion of a fund that will remain invested for at least three years to realize return objectives. Short -Term: For funds seeking above money market returns and can tolerate some volatility. Appropriate for funds or that portion of a fund to be distributed in one to two years. Capital Preservation: For funds seeking stability, or the portion of a fund to be distributed within 1 year. Statement Period COS C O N VALLEY September 1, 2020 through September 30, 2020 munity foundation° Fund Name/Number Roger and Jean Hunt Duncan Fund (1012) SVCF Main Contact: Manuel Santamaria Vice President, Community Impact 650.450.5491 mjsantamaria@siliconvalleycf.org T4,.,.,11 . -F- +4,..., .N...,....f ......L;.,.. +...,..+&% Your philanthropy advisor - listed above - is here to help you make the most of our partnership. As you review your statement and make plans for your fund, always let us know what we can do. For all of the good that you do in our community and our world, thank you! Fund Activity Beginning Balance Investment Activity Endowment Pool Support Fees Ending Balance Fund Assets Investment Pools Endowment Pool Total Fund Assets Restricted Balance Permanently/Temporarily Restricted Assets Total Restricted Balance Balance Available for Grants Statement Period Y-T-D $1,767,875.07 $1,614,766.19 (8,161.18) 150,239.09 (710.45) (6,001.84) $1,759,003.44 $1,759,003.44 1,759,003.44 $1,759,003.44 555,584.12 $555, 584.12 $107,946.61 SILICON VALLEY community foundation° Fund Name/Number Statement Period September 1, 2020 through September 30, 2020 Roger and Jean Hunt Duncan Fund (1012) Investment Performance 3 Month Y-T-D One Year Three Year Five Year Fund Returns -0.46% 9.33 % 14.35 % 6.89 % 7.96 % This Fund's Benchmarks 6.80% 2.80 % 10.20 % 7.50 % 9.70 % About Your Fund Statement ACCOUNTS PAYABLE: Expenses that have been approved, but are scheduled for payment on a future date. ASSETS TO BE INVESTED: Assets that have yet to be invested, but will be at the beginning of the following month. GAINS OR (LOSSES) ON GIFTED ASSET: Difference in the value of property when donated and the value when liquidated. GIFTS: Contributions/donations made to your fund. GRANTS AUTHORIZED: Reflects all grants to qualified organizations that have been recommended by the donor and approved by Silicon Valley Community Foundation. If the grant is scheduled for payment on a future date, it will also appear in the Restricted Assets section as Grants Payable, reducing the balance available for granting. GRANTS PAYABLE: Grants that have been approved, but are scheduled for payment on a future date. ILLIQUID ASSETS: Donated property that has not been sold. INTERFUND GIFTS: Transfers to your fund from another fund at Silicon Valley Community Foundation. INTERFUND GRANTS: Transfers from your fund to another fund at Silicon Valley Community Foundation. INVESTMENT RETURNS: Reflects the total return in the investment pool, net of investment management fees. OTHER ADDITIONS: Deposits to your fund that do not represent a gift, i.e. partnership income, dividends/interest earned on gifted securities, other assets received in exchange for goods or services. OTHER EXPENSES: Administrative expenses paid from your fund, i.e. legal, consulting and credit card processing fees. RECEIVABLES: Assets in the form of obligations due from others. RESTRICTED ASSETS: Assets that may not be used for granting purposes SECURITIES BEING LIQUIDATED: Gifted securities pending sale or settlement. SUPPORT FEES: An allocation to the community foundation's operating fund to enable on -going work with donors and the nonprofit community. Fees are computed and paid on a monthly basis (1/12) per the stated fee rate schedule. Investment Information Fund returns are net of investment fees and expenses. Periods greater than one year are annualized. This Fund's Benchmark is a composite policy benchmark return weighted by the fund's allocation to an investment pool. Each policy benchmark is comprised of market index returns weighted by the pool's strategic asset allocation target. Comparison to the benchmark is not appropriate if the fund's allocation changed during the performance period, or if the fund includes assets outside of the SVCF pools. Additional information regarding investments, performance and benchmarks is on the online portal under Investment Information. Please contact your philanthropy advisor with any questions. Investment Pool Allocation Guidelines Long -Term Growth: For funds seeking maximum growth. Appropriate for funds distributing less than 7% annually or that portion of a fund that can tolerate volatility and will remain invested for at least seven years to realize growth opportunities. Social Impact: For funds seeking maximum growth from companies with strong financial and social records. Appropriate for that portion of a fund that can tolerate volatility and will remain invested for at least seven years to realize growth. Balanced: For funds seeking more moderate levels of growth and risk. Appropriate for funds distributing over 7% annually or that portion of a fund that will remain invested for at least three years to realize return objectives. Short -Term: For funds seeking above money market returns and can tolerate some volatility. Appropriate for funds or that portion of a fund to be distributed in one to two years. Capital Preservation: For funds seeking stability, or the portion of a fund to be distributed within 1 year. 2021 Burlingame Public Library Closure Schedule (draft) Date Day Holiday Days closed January 1 Friday New Year's Day 1 January 18 Monday Dr. Martin L. King Day 1 February 15 Monday President's Day 1 April 4 Sunday Spring Holiday 1 May 30 & 31 Sunday/Monday Memorial Day 2 July 4 & 5 Sunday/Monday Independence Day 2 September 5 & 6 Sunday/Monday Labor Day 2 Oct 10, 11 Sunday/Monday Indigenous Peoples Day 1 Nov 10 Wednesday Close early 5pm Nov 11 Thursday Veterans Day 1 Nov 24 Wednesday Close early 5pm Nov 25, 26, 27 Thursday, Friday, Saturday Thanksgiving Day 3 Dec 23 Thursday Christmas Eve observed 1/ day Dec 24 Friday Christmas Day observed 1 Dec 25, 26 Saturday, Sunday Christmas 2 Dec 30 Thursday NYE observed 1/z day Dec 31 Friday New Years Day observed 1 Jan 1 Saturday New Years Day 2022 1