Reams second-quarter report
Manager reporting describes the Treasury ladder and Israel Bond implementation; it is distinct from an independent pre-decision credit recommendation.
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REVIEWED TRANSCRIPTION OF SELECTED TEXT Original physical page 3 Performance Review For Periods Ending June 30, 2026 Percent Gain or Loss: Quarter Ending / Since Inception (cumulative) Arkansas Teacher Retirement Israel (a): 0.62 / 0.87 Arkansas Teacher Retirement Israel (b): 0.61 / 0.86 Inception Date: 1/1/26 (a) Gross of Investment Management Fees (b) Net of Investment Management Fees (recorded on cash basis) Original physical page 7 Portfolio Strategy The long-term objective for this portfolio is to invest in a laddered portfolio of Israeli Institutional Jubilee bonds (IIJB). In this process, no more than $10 million is allowed to be purchased in these bonds in a calendar year. Following funding of the account, a laddered portfolio of US Treasurys was purchased such that maturities would align for future purchase of IIJB in the coming years. [Remaining strategy bullets and page 8 charts omitted from this selected transcription. All three selected source pages are available in the PDF.]