The College's endowment is sub-divided into three distinct portfolios: (i) Unitised Scheme – a unit trust vehicle for College, Faculties and Departments to invest endowments and unfettered income to produce returns for the long term; (ii) Non-Core Property – a portfolio containing around 120 operational and developmental properties which College has determined are not core to the academic mission; and (iii) Strategic Asset Investments – containing College’s shareholding in Imperial Innovations and other restricted equity holdings. The 120 operational and developmental properties within the college that are not core to the academic mission belong to which portfolio