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SCHEDULE 2-A
Endowment, Trust, and Other Long-term Investments Pool -
Change in Valuation and Market Value Summary
Change in Valuation from 12/31/10 to 12/31/11
(Dollars in Thousands)
Market Value at 12/31/10 $ 383,929
Realized Capital Gains 4,486
Unrealized Capital Gains (40,448)
Reinvested Income 13,687
Contributions 5,987
Expenditures and Transfers (15,465)
Market Value at 12/31/11 $ 352,176
Holdings and Market Value Summary as of 12/31/11
(Dollars in Thousands)
U.S. Large Cap Equities Non-U.S. Emerging Equities
Berkshire Hathaway A $ 19,279 Capital Int'l Emerging Market $ 19,684
Berkshire Hathaway B 34 Templeton Emerging Market 17,689
Oil Service Holders Trust 3,183 Wisdomtree Emerging Markets 5,727
Vanguard Institutional Index 804 Subtotal $ 43,100
Vanguard Precious Metals & Mining 5,713
Materials Select Sector SPDR 5,872 Real Estate Equities
Powershares Water Portfolio 2,764 iShares Dow Jones RE Index $ 5,955
Vanguard Energy Fund 3,811 Third Avenue RE Fund 4,894
Wisdomtree Large Cap Dividend 6,534 Subtotal $ 10,849
Subtotal $ 47,994
U.S. Fixed Income
U.S. Small - Mid Cap Equities PIMCO Funds Total Return $ 16,958
Guggenheim Solar Energy $ 136 Cash Equivalents 28,429
First Trust NASDAQ Clean Edge 337 Other 80
First Trust Global Wind Energy 278 Subtotal $ 45,467
ISHARES S&P Glbl Clean Energy 187
Powershares Cleantech Portfolio 503 Non-U.S. Fixed Income
Powershares Wilderhill Clean Energy 254 PIMCO Foreign Bond $ 15,984
SPDR S&P Biotech ETF 6,374 PIMCO Developing 5,880
Vanguard Extended Market Index 7,179 Subtotal $ 21,864
Vanguard Small Cap Index 5,557
Other 188 Hedge Funds
Subtotal $ 20,993 Goldman Sachs Princeton $ 26,540
Tactician Windward 2,448
Non-U.S. Developed Equities Makena Capital Associates 11,224
Dodge & Cox International $ 7,396 Maverick Fund Ltd 7,725
Driehaus International Discovery 9,877 Platinum Fund 7,963
Templeton Institutional 8,876 Tiedmann Global Emerging Markets 3,141
Vanguard European Stock Index 693 Renaissance Inst'l Equities 14,438
Vanguard Pacific Stock Index 4,440 Renaissance Inst'l Futures 11,839
Subtotal $ 85,318
Vanguard International Growth 8,721
Vanguard International Value 8,385
Matthews Asia Dividend Fund 2,648 Other Alternative Investments $ 25,555
Subtotal $ 51,036
GRAND TOTAL $ 352,176
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