Honoring Dr. Goff at the Annual BIG Alumni Dinner

Honoring Dr. Goff’s Contributions Through the Establishment of the Delbert C. Goff Endowed Scholarship for Applied Investments

In April, the Bowden Investment Group held its Annual Alumni Dinner for the irst time since 2019,asigni icanteventthatmarkedamilestone as the world continues to recover from the pandemic.

ThegroupgatheredtogethertohonorDr.Delbert Goff, a distinguished contributor to the Bowden Investment Group. As a co-founder and advisor, Dr.Goffplayedapivotalroleinthegroup'sdesign and development, particularly in shaping its curriculum. For over 20 years, he led as the group'sheadprofessor,inspiring,mentoring,and teaching hundreds of students. Dr. Goff's dedication to presenting students with challenging work had a profound impact on the lives of his students and colleagues, a legacy that continues to reverberate in the hallways of PeacockHallevenafterhisrecentretirement.His former students continue to bene it from his unwavering commitment to their professional growth.

Thegroupalsotookthisopportunitytoannounce the successful funding of the Delbert C. Goff Endowed Scholarship for Applied Investments, which aims to bene it many aspiring students in the years to come. Over the summer, over $40,000 was raised in honor of Dr. Goff’s contributions, which will provide an annual scholarshipofapproximately$2,000peryear.

Executive in Residence, Mr. Shawn Poole generously agreed to match every gift up to an aggregatelevelof$25,000.

This scholarship will make a tremendous difference in the lives of many students, and the group invites anyone who is interested in contributing tovisithereformoreinformation.

In September, the Bowden Investment Group attendedAppalachian’sState8thAnnualBusiness for Good Conference to learn about the growing Environmental, Social, and Governance (ESG) movement in the businessworld. The conference hosted three excellent guest speakers: Bryan Matt, Head of ESG Advisory for the New York Stock Exchange, Jordan Feigh, Sustainability and Product Stewardship Manager for UNIFI, and Michael Winters, President & Chief Revenue Of icerofWinCup.

Bryan Matt has over 20 years of experience in corporate investor relations and is currently the Head of ESG Advisory at the New York Stock Exchange (NYSE). He educated the audience on the current relationship the NYSE and its listings have with ESG and how it is becoming a more common consideration for publicly traded companies. Mr. Matt also met with our two ESG analysts, Morgan Scott and Noah Delucia, to answer further questions as they were developing Bowden’s initial ESG criteria. Our analysts gained an immense amount of of knowledge from Mr. Matt such as future SEC plans for ESG requirements and were introduced totheMSCIESGratingsystem,oneoftheleading indicatorsusedglobally.

Our next speaker was Jordan Feigh, the Sustainability and Product Stewardship Manager at Uni i Manufacturing Inc., a top performerinperformance iberssuchas REPREVE®.REPREVE®isasustainable iberproducedfrompost-consumerand industrial waste, and is recognized globally as a reliable choice. Ms. Feigh’s role is to develop and execute Uni i's sustainability plan while also managing customerproductstewardshipneeds.In the past, she served as the Quality Assurance Manager for Uni i's REPREVE® Recycling Center, and has extensive knowledge of REPREVE® production. We thoroughly enjoyed our time with Ms. Feigh and thank her for spendingtheafternoonwithus.

Our inal speaker was Michael Winters who shared WinCup’s business mission. As President and CRO, Mr. Winters discussed how WinCup is improving the disposable cup industry by creating biodegradable styrofoam cups that dispose 92% over 4 years. Mr. Winters also updated the conference on their new “phade” straws that biodegrade in just 58 days while being a suf icient substitute for short term paper straws and harmful plastic materials. WinCup is inding environmental solutions for some of our mostharmfulpollutantsandisastepintheright direction.

Regardless of whether the attendees were previously familiar with ESG or were hearing about it for the irst time, the conference provided valuable insights and takeaways for all participants. In particular, the conference impacted the conversations about ESG within Bowden, as attendees observed how it was impacting business practices and company operations. The Business for Good conference also helped cultivate an appreciation for the endeavors of entrepreneurs and other motivated workers who strive to create positive changes by enhancing environmental sustainability, workplace conditions, and overall management practices.

In November, the 2022-2023 Broyhill Fellows CFA Institute Research Challenge team had the opportunity to attend the Invest for Charlotte conference,thankstoaninvitationfromMr.Chris Pavese. This was an amazing opportunity where we were able to hear from a variety of speakers and network with local professionals and students from other universities. We heard a fabulous conversation on investing from Anders Hall, the Vice Chancellor of Investments and CIO ofVanderbiltUniversity,andMikeSmith,theCIO of Global Endowment Management. The conversation was guided by Claire Fefer, the Investment Manager of Duke Management Company, as she inquired about their roles and how they go about making decisions to bene it people in the long run. We found this to be very insightful as they shared a glimpse into their years of experience, development of expertise, and their journeys to the successful positions theyareinnow.

Following the CIO conversation, we heard from John Carrington, a Managing Partner at Crow’s Nest Holdings, on his outlook and valuation of FergusonEnterprises.Hefocusedhispitchonthe HVACproductsthecompanyoffersaswellasthe growth he forecasted for the industry and company. Next, we heard from Chris Pavese, President andCIOof BroyhillAsset Management. Hesharedhisviewsregardingtheundervaluation of the tobacco industry as well as his investment thesisforPhilipMorrisInternationalanditsriskreducing products. This was very informative as we had the opportunity to hear from two wellestablished professionals on their outlooks for speci ic markets and companies. This resonated strongly with us as our duty within the Bowden Investment Group is to have the same passion andconvictionsurroundingourinvestmentideas andthefutureoftheportfolio.

Lastly, we heard from representatives from two of the bene iciaries of the fundraising event, The Heartest Yard and STREAM. NFL Sportscaster Greg Olsen spoke about his foundation, The Heartest Yard, explaining his son’s heart disease and how that translated into his passion now to assist other children and families dealing with similar circumstances. Torrey Feimster, Director of D&I Advocacy at Global Endowment Management spoke on behalf of STREAM, an organization which works to strengthen racial equalitywithintheassetmanagementprofession, as well as other inance professions. STREAM works to improve diversity and inclusion efforts by providing underrepresented students with access to mentors, internships, scholarships and morewithintheindustry.Itwasinspiringtohear from successful professionals within the Charlotte community and how they have used theirknowledgeandpowerforthebettermentof thecommunity.

We would like to thank Mr. Pavese for his commitment and dedication to the Bowden InvestmentGroupashecontinuestoexposeusto amazing opportunities that we would not have otherwise. This was an incredible event and we learned so much about investing, speci ic industries,andhowtouseone’slifeobstaclesand successestohelpothers.