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there will be some markdowns as interest rates reset; which is happening more frequently. They will eventually balance out according to Steve. As for potential gain in market, Fred asked if Meketa sees anything attractive in the Opportunistic sector. Per Steve, they have been monitoring the situation and currently find nothing out there worth seeking at this time. He mentioned Meketa will keep an eye out for opportunities. Gloria Hazard presented the Board with the latest Fossil Fuel update. As of March 31, 2022, roughly 5.0% of the total Fund was invested in fossil fuels. That is an increase from the December 31, 2021 report of 3.9%. Note: Of the 5.0% invested in fossil fuels, 4.7%was exposed in equities, while the remaining 0.3%was within opportunistic assets. Meketa concluded the presentation at 9:15 am. Robert Cunha motioned to adjourn the meeting at 9:20 am, which was seconded by Frederick Weiss, and unanimously approved by Joseph Foley, Carolyn Kosnoff, and Alan Fields. The next Retirement Board meeting will be held via Zoom on Thurs, May 26, 2022 at 8:30 am Beginning with the June 23, 2022, the Lexington Retirement Board will resume in-person Board meetings in the Parker Room located on the ground floor of Town Hall. Jim Condon will research other venues within the Town for a possible site change. Robert Cunha, Chairman Alan Fields, Appointed Member Carolyn Kosnoff, Ex Officio Member Joseph Foley, Elected Member Frederick Weiss, Appointed Member