The University Endowment Fund is an investment pool for hundreds of endowment funds and funds functioning as endowment. As with a mutual fund, purchase, redemptions and distributions are all calculated based on a participant's share holdings. It is invested in a highly diversified portfolio of stocks, bonds, mortgages, real estate, oil and gas, reorganization investments, venture capital, and cash instruments. This brief report is to inform University Endowment Fund participants of the market value of their shares and their distributions per share. It also provides information on the investment performance of the fund.
Distributions represent a portion of return to participants.
Distributions are calculated as a percentage of the 12-quarter average share value. Over the past six quarters, the distribution percentage was reduced from 5.5 percent to 5 percent while maintaining a quarterly distribution at 5.6 cents per share. It is reflected in the value of endowment shares. For further information about the endowment investment program, please contact the Treasurer's Office, 763-1299.