Monthly Briefing — March 2026

02 Executive Summary Live

Portfolio NAV — As of March 2026

Unrealised Gain — —

Yield Coverage 0.0% of $83,333/mo target

Allocation Issues 7 sleeves outside policy band

Highlights

[PLACEHOLDER: Enter holdings to compute portfolio NAV]
Monthly distribution target: $83,333 — yield coverage 0.0%
7 allocation sleeve(s) outside policy band — see Section 4
[PLACEHOLDER: Add manager or market commentary for March 2026]

Key Decisions This Month

[PLACEHOLDER: List pending decisions requiring family approval]
[PLACEHOLDER: Outstanding action items from prior month]

03 Performance vs. Benchmark Requires daily NAV

Performance tracking requires daily portfolio_snapshots integration (MTD / QTD / YTD % returns). Benchmark reference data below is from CMA Report #877515.

Portfolio Returns

MTD TBD

QTD TBD

YTD TBD

Benchmark Reference

Index	MTD	YTD
S&P 500	+1.1%	+5.2%
Bloomberg Agg	+0.4%	+2.3%
MSCI EAFE	+1.9%	+8.1%
60/40 Blend	+0.8%	+4%

Performance tracking requires daily portfolio_snapshots integration. Benchmark data is CMA as of March 2026.

04 Allocation vs. Target Live — v2 Targets

No holdings entered yet. Add positions on the Holdings page to populate this section.

05 Cash Flow & Distributions Live + Playbook #877803

Monthly Target $83,333 $1M / year

Yield (Monthly) $0 0.0% coverage

Monthly Gap $83,333 drawn from principal / T1 buffer

Annual Yield $0 blended CMA rate

MTD Draws (Withdrawal Playbook)

[PLACEHOLDER: Enter actual MTD draws from Report #877803]

[PLACEHOLDER: Enter actual YTD draw total]

Source Mix Note

Yield provides 0.0% of target; balance drawn from principal / T1 buffer

06 Watch Items & Decisions Live

Top Watchlist Candidates (Score ≥ 30)

Constellation Software (TSX: CSU) Public Equity — Direct Size position; buy via Canadian-capable brokerage account (Schwab/IB). No minimum.

Invest 50.0/50

NVR Inc. (NYSE: NVR) Public Equity — Direct Underwrite housing supply thesis in mid-Atlantic/Southeast markets; model through rate cycle.

Invest 48.0/50

Prologis Inc. (NYSE: PLD) — Logistics REIT Real Assets — Income Buy via brokerage at <$115. Track e-commerce penetration and near-shoring cycle for re-rating catalyst.

Invest 48.0/50

View full watchlist →

Active Pipeline (Top 3 Conversations)

No active pipeline conversations.

View full pipeline →

Pending Decisions

[PLACEHOLDER: Decision needed on any candidate above Invest threshold]

[PLACEHOLDER: Review pipeline contacts requiring re-engagement this month]

07 Manager / Position Updates NAV Live — Returns TBD

No holdings entered yet. Add positions on the Holdings page.

08 ESG & Exclusions IPS Policy

[PLACEHOLDER: Confirm no new positions violate IPS ESG exclusion list this month]

IPS Exclusion List (All Active)

Weapons / Defense contractors Full exclusion

Tobacco & vaping Full exclusion

Private prisons Full exclusion

Fossil fuel extraction (coal) Full exclusion

Gambling Full exclusion

Payday lending Full exclusion

Engagement Activity

[PLACEHOLDER: Add any ESG engagement activity or proxy votes cast this month]

09 Risk & Liquidity Live — Report #877268

Base Case 0 mo T1–T2 liquid assets only

Market Drawdown 0 mo T1–T3 semi-liquid

Full Lockup 0 mo All assets liquidated

6-Month Buffer Check (T1–T2)

$0

vs. floor $500K

⚠ Below Floor

Risk Narrative

Base case runway: 0 months (T1–T2 liquid assets)
Market drawdown scenario: 0 months (T1–T3 semi-liquid)
Full lockup scenario: 0 months (all assets)
[PLACEHOLDER: Add any concentration or correlation risk narrative]

10 Appendices Some items TBD

IPS Policy Summary [PLACEHOLDER: Attach current IPS document]

Full Holdings Register See /holdings page for complete position list

Rebalance Trade Memo See /rebalance page for current trade recommendations

Deal Pipeline Roster See /pipeline page — 25-target network

Watchlist Scorecard See /watchlist page — 12 candidates scored against 9-criterion rubric

Prior Month Briefing (Apr 2026) [PLACEHOLDER: Not yet generated — prior month required first issue]