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material prices have all risen. Drew mentioned the AG Fund III is in harvest mode. This fund had <br />performed well in excess of the range it was set. Other funds, such as Fund IV & V are also doing fine. <br />He attributes this to the fact AG deals with low name businesses that hold loans. AG tends to not deal <br />with big name companies seeking loans. They avoid construction and energy commodity sectors. He <br />wrapped up the review at 9:30 am. <br />Board members were reminded to keep up with course credits and review future webinars on PERAC. <br />Joseph Foley made a motion to adjourn the meeting at 9:35 am, which was seconded by Carolyn <br />Kosnoff, and unanimously approved by Fred Weiss and Alan Fields. <br />The next Retirement Board meeting will be held on Thursday, July 27, 2023 via ZOOM. <br />Future Board meeting dates will be August 24th and September 28th. <br /> <br />_____ABSENT__________________ <br />Robert Cunha, Chairman Alan Fields, Appointed Member <br /> <br /> <br />Carolyn Kosnoff, Ex Officio Member Joseph Foley, Elected Member <br /> <br /> <br /> <br />Frederick Weiss, Appointed Member <br /> <br /> <br /> <br /> <br />