INVESTMENT SUBCOMMITTEE OF THE - DENA
Mr. Ainslie reviewed the assets and their performance. As of December 31, 2014, the asset value of the fund was $12,426,590.75. For 2014, the fund returned 6.19 percent compared to a benchmark of 10.62 percent. The underperformance can be attributed to information technology and energy stocks for 2014. None of the fund managers are on a watch list. ................
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