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CHILD CARE RESOURCE CENTER, INC. NOTES TO FINANCIAL STATEMENTS
Note 9 – Fair Value of Measurement of Investments (continued)
The following table presents the fair value measurements of assets recognized in the accompanying statements of financial position measured at fair value on a recurring basis and the fair value hierarchy in which the fair value measurements fall at June 30, 2016:
Level 1
9,075 $
565,454
517,596 857,000 187,487
‐ 15,200
Level 2
Level 3
Assets Valued at NAV
$ ‐ $
Total
565,454
517,596 857,000 187,487 236,797
15,200
2,388,609
Cash and cash equivalents Fixed income funds
Corporate bonds Equity securities
International common stock
Domestic common stock Real estate funds
Private equity funds Commodity funds
Total
$
‐ $
‐
‐ ‐ ‐ ‐ ‐
‐ $
‐ ‐
‐ ‐ ‐ ‐ ‐
‐
9,075
$ 2,151,812 $
$
‐
‐ ‐ ‐
236,797 ‐
236,797 $
Private equity funds accounted for at NAV, or its equivalent, seek to achieve long‐term capital appreciation by investing in a globally diversified portfolio of private equity investments. These private equity funds are redeemable on a quarterly basis with a 20 day redemption notice period. There are no unfunded commitments associated with these funds. The funds are subject to a one year soft lock with a withdrawal fee of 2%.
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