monetary policy.

50% of the Perry Capital portfolio is in the money market. current yield 4.29%. The T-Bill position
remains at 25% of portfolio assets. 3-month T-Bills now pay 4.63%, 6-month T-Bills pay 4.81%. Long Treasuries
(10% of portfolio) are up 6.7% in 2023 and have returned 12.73% over the last three months.