These returns are from October 14, 2019, thru April 9, 2020

Final Total Return
1 Wesleyan University 27.04%
2 Rhode Island College 13.18%
3 Saunders College of Business at RIT 1.37%
4 State University of New York at Geneseo -2.08%
5 Hofstra University -6.36%
6 Stonehill College -6.45%
7 Temple University -7.65%
8 Binghamton University -7.88%
9 St. John Fisher College -10.71%
10 University at Albany, State University of New York -14.84%
11 RPI -14.94%
12 Skidmore College -16.03%
13 State University of New York at Plattsburgh -21.62%
14 Bryn Mawr College -22.15%
15 The College of Saint Rose -24.09%
16 Siena College -24.82%
17 Grove City College -24.89%
18 Penn State Behrend -25.57%
19 Keuka College -28.57%
20 The College at Brockport, State University of New York -33.03%
21 Nazareth College -33.51%
22 Buffalo State -36.25%
23 Clarkson University -39.61%
Russell 2000 Index -16.90%
Adirondack Cup Aggregated -16.34%

The Adirondack Cup is a collegiate small-cap investment contest sponsored by the advisor to The
Adirondack Small Cap Fund (ADKSX). Teams had a hypothetical $1,000,000 to invest.