Endowment

Financial Affairs

Investment Portfolio Values and Rates of Return

Year1
Market Value2,3
Rate of Return
2004
312.00
9.51%
2005
419.61
5.37%
2006
432.12
9.29%
2007
482.66
17.42%
2008
469.55
(0.25%)
2009
328.66
(22.74%)
2010
335.56
11.13%
2011
369.06
17.13%
2013
350.89
9.60%
2014
381.17
14.90%
2015
379.92
4.70%
2016
352.76
-1.80%
2017
376.48
12.32%
2018
384.26
7.89%
2019
383.96
5.78%
2020
369.74
3.70%
2021
455.64
31.77%

1 As of June 30

2 In $ millions

3 In addition to market value changes generated by investment returns, annual market value changes are affected by payouts to support programs and operations, new gifts, and other additions.

Asset Allocation

Asset Class
Target
Current1
Directional
60%
61.5%
Fixed Income
15%
13.9%
Hedged
25%
24.6%

1 As of June 30, 2021