| Account Name | Descendants Trust Custody |
| Registered Owner | Ellencourt 2012 Descendants Trust |
| Account Number | ••••4472 |
| Trustee / Officers | Cranbrook Trust Company (trustee) · Steven Kohl |
| Wire / Routing Instructions | [REDACTED — SPECIMEN] |
| Marketable Securities | $420,000,000.00 |
| Alternative Investments | $125,000,000.00 |
| Total Account Value | $545,000,000.00 |
| US Equity | $162,000,000.00 | 29.7% |
| Pooled US Equity | $125,000,000.00 | 22.9% |
| Pooled International Equity | $42,000,000.00 | 7.7% |
| Government Fixed Income | $50,000,000.00 | 9.2% |
| Corporate Fixed Income | $21,000,000.00 | 3.9% |
| Cash & Money Market | $20,000,000.00 | 3.7% |
| Alternative Investments | $125,000,000.00 | 22.9% |
| Total | $545,000,000.00 | 100.0% |
| Security | Ticker | Units | Price | Market Value |
|---|---|---|---|---|
| US Equity | ||||
| Norwood Semiconductor | NRWD | 300,000 | $150.00 | $45,000,000.00 |
| Kingswell Financial | KGWL | 400,000 | $100.00 | $40,000,000.00 |
| Harptree Logistics | HPLG | 350,000 | $80.00 | $28,000,000.00 |
| Ashcombe Materials | ASHM | 300,000 | $90.00 | $27,000,000.00 |
| Delmont Aerospace | DLMA | 200,000 | $110.00 | $22,000,000.00 |
| US Equity Subtotal | $162,000,000.00 | |||
| Pooled US Equity | ||||
| Broad US Equity Index Fund | — | 1,000,000 | $125.00 | $125,000,000.00 |
| Pooled US Equity Subtotal | $125,000,000.00 | |||
| Pooled International Equity | ||||
| Intl Developed Equity Index Fund | — | 700,000 | $60.00 | $42,000,000.00 |
| Pooled International Equity Subtotal | $42,000,000.00 | |||
| Government Fixed Income | ||||
| US Treasury Notes | — | 50,000 | $1,000.00 | $50,000,000.00 |
| Government Fixed Income Subtotal | $50,000,000.00 | |||
| Corporate Fixed Income | ||||
| Calderon Foods 4.75% Notes 2029 | — | 21,000 | $1,000.00 | $21,000,000.00 |
| Corporate Fixed Income Subtotal | $21,000,000.00 | |||
| Cash / Money Market | ||||
| Govt Money Market Fund | — | 20,000,000 | $1.00 | $20,000,000.00 |
| Cash / Money Market Subtotal | $20,000,000.00 | |||
| Total Marketable Securities | $420,000,000.00 | |||
| Fund | Strategy | Reported NAV |
|---|---|---|
| Cormorant IV | PE Buyout | $82,000,000.00 |
| Windham Credit | Private Credit | $43,000,000.00 |
| Total Alternative Investments | $125,000,000.00 | |
Per received Schedule K-1 (Tax Year 2025).
| Partnership | Status | Ordinary Income | Interest | Dividends |
|---|---|---|---|---|
| Cormorant IV | Original | $1,850,000.00 | $210,000.00 | $640,000.00 |
| Partnership ordinary income (K-1) | $1,850,000.00 |
| Partnership interest income (K-1) | $210,000.00 |
| Partnership dividend income (K-1) | $640,000.00 |
| Money-market income (month, portfolio) | $88,300.00 |
| Total Reportable Income (period) | $2,788,300.00 |