10.25.2023 OMA Board Book

Obesity Medicine Association Current Period: 12-31-2022 to 10-06-2023

Hedge Fund Overview

Performance Since Inception

30%

15%

20%

10%

Period Return

10%

5%

0%

0%

Cumulative Return

(10%)

(5%)

(20%)

(10%)

Fund of Hedge Funds 100%

Q3 `18 Q2 `19 Q1 `20 Q4 `20 Q3 `21 Q2 `22 Q1 `23 Q4 `23

Since Inception

Period Return Benchmark Return (%) (… Cumulative Return

Performance Detail by Investment

Valuation Date

% Of Hedge Funds

Year To Date

Since Incept.

Description

Incept. Date Incept. Value

Value

Registered Fund

06-25-2018

$0

$369,328 Aug 31, 2023

100.00% 3.88% 4.49%

Fund of Hedge Funds

06-25-2018

$0

$369,328 Aug 31, 2023

100.00% 3.88% 4.49%

IRONWOOD MULTI-STRATEGY FUND LLC

07-01-2018

$150,000

$369,328 Aug 31, 2023

100.00% 3.88% 4.51%

HFRI Fund of Funds Composite

2.99% 3.29%

Total

06-25-2018

$0

$369,328 Aug 31, 2023

100.00% 3.88% 4.49%

Page 6 of 20 Please refer to the Disclosure section at the end of this report for definitions of the terms and calculations used, as well as other important information that you should consider when reviewing this report. TWR and IRR for periods of less than one year are not annualized. Account-Level and Total Portfolio performance are generally presented net of fees . Investment Product and security performance are generally presented net of associated transaction costs, including for securities held within an Investment Product, but gross of account-level fees and expenses. Review the “Performance” section of the Disclosure for a more detailed explanation and information regarding exceptions. Review the "Index Return Summary" to understand the performance of your investments relative to a representative benchmark.Periodic alternative investment valuations are adjusted by subsequent transaction activity and may also be calculated based on estimated returns. The latest valuation date is available in the Disclosure section of this report.