Rector, Church-Wardens & Vestrymen of Trinity Church in the city of New-York

Key Holdings

The entire portfolio is allocated to a single security: 2003 ETF SERIES TRUST, with a reported value of $132.48 million, constituting 100% of the fund's assets. The position consists of 4.24 million shares. While the filing data provides the legal name of the trust, this entity typically corresponds to a specific Exchange Traded Fund (ETF) structure—often associated with fixed income or specific sector exposures depending on the series identifier. However, based on the exit of a global equity ETF (ACWI) in the same quarter, the move into this single trust suggests a significant tactical shift. The fact that the entire capital base is deployed into this single ticket indicates high conviction in this specific vehicle's ability to meet the fund's return objectives relative to its risk profile.