y ngs nts ngs nts es hnology y ents Portfolio holdings As of December 31, <strong>2021</strong> Asset Class Breakdown $478,712 Single Equity Investments $139,881 Cash $618,593 Total AUM Cash 22.6% Sector Breakdown $55,910 Consumer Discretionary $54,715 Consumer Staples CD $81,299 Financials $17,278 Healthcare TMT 33.5% $43,394 Industrials Single Equity 77.4% $65,957 Real Estate & Alternatives $160,159 Telecom, Media, & Technology $478,712 Single Equity Investments TMT 33.5% Cash 22.6% R&A 13.8% I&E 9.1% 11.7% HC CD 3.6% 11.7% Single Equity 77.4% CS 11.4% F 17% CS 11.4% Financial Highlights Financial Highlights At inception in October of 2017, ASIF was allocated seed capital of $250,000. At inception Through in October of accumulation 2017, ASIF was allocated of capital seed gains, capital dividends, of and $250,000. Through accumulation of capital gains, dividends, and generous generous contributions from donors, our students now manage $618,593 contributions from donors, our students now manage $618,593 across eight across different eight sectors, different holding investments sectors, holding 14 single investments equities as of December in 14 single equities as of 31, December <strong>2021</strong>. 31, <strong>2021</strong>. 750,000 500,000 250,000 Single Equity Investments Single Equity Investments Single Equity Investments Investments per Sector Investments per Sector Investments per Sector 4 3 0 Dec-17 Jun-18 Dec-18 Jun-19 <strong>2021</strong> Performance Summary Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Note: Invested capital includes $249,902 initial endowment (October 2017), $29,105 in donations (2018), $5,331 in donations (2019), $4,496 in donations (2020), and $72,737 in donations (<strong>2021</strong>) 4 3 $618,593 Total Capital $362,572 Invested Capital Note: Invested capital includes $249,902 initial endowment (October 2017), $29,105 in donations (2018), $5,331 in donations (2019), $4,496 in donations (2020), and $72,737 in donations (<strong>2021</strong>) 2 es hnology ents R&A 13.8% 68 <strong>FMA</strong> <strong>2021</strong>-<strong>2023</strong> MAGAZINE I&E 9.1% HC 3.6% F 17% 2 1 1 0 CD CS F HC I&E R&A TMT Note: 0 The Fund restructured in 2022, which included a reorganization of sectors. Previous sectors were CD CS F HC I&E R&A TMT Consumer Discretionary (CD), Consumer Staples (CS), Financials (F), Healthcare (HC), Industrials & Energy Note: The (I&E), Fund Real restructured Estate & Alternatives in 2022, which (R&A), included and Telecom, a reorganization Media, and of Technology sectors. Previous (TMT) sectors were Consumer Discretionary (CD), Consumer Staples (CS), Financials (F), Healthcare (HC), Industrials & Energy (I&E), Real Estate & Alternatives (R&A), and Telecom, Media, and Technology (TMT)
<strong>2021</strong> Performance Quarterly Portfolio Performance since Inception October 2017 - December <strong>2021</strong> <strong>2021</strong> Monthly Portfolio Performance January <strong>2021</strong> - December <strong>2021</strong> Portfolio Value vs. Donations October 2017 - December <strong>2021</strong> <strong>2021</strong> Performance Summary <strong>FMA</strong> <strong>2021</strong>-<strong>2023</strong> MAGAZINE 69