The Oxford Endowment Fund The Oxford Endowment Fund aims to preserve and grow the value of perpetuity capital, while providing a sustainable income stream for our investors’ charitable purposes The OEF has increased in size to over £4.5bn through a combination of performance and inflows from investors. Investment objective The specific investment objective of the Oxford Endowment Fund is to grow our investors’ capital by an average of 5% per annum in real terms, and to achieve this at a lower volatility than would be experienced by investing solely in the public equity markets. This investment objective is long term and not a year by year measure. The specific distribution policy is to distribute 4.25% of the average of the past 20 quarters’ NAV, subject to a cap of 10% increase and a floor of the last year’s distribution. This formula has the benefit of providing a more predictable stream of income. Performance to 31 December 2020 The Oxford Endowment Fund has distributed £952m and returned 9.7% annualised since inception Asset allocation at 31 December 2020 Derived from our investment philosophy, our asset allocation is designed to generate significant real returns. This naturally leads to a focus on investments in equities, with property and credit used as diversified sources of return. We refer to these as risk assets. Venture capital with a wider mission Our investment groups often remark that they recognise the high responsibility of investing the assets on behalf of the collegiate University, to support the activities of an educational institution nearly 1,000 years old. VIEW MORE OU Endowment Management 27 Park End Street Oxford OX1 1HU ABOUT OUEM Managing an endowment The team NEWS OUR INVESTORS Beneficiaries GENERATING RETURNS Investment philosophy Investment process THE OXFORD ENDOWMENT FUND Performance highlights Asset allocation An investment ESG RISK MANAGEMENT ESG risk management principles ESG in practice FREQUENTLY ASKED QUESTIONS CONTACT US Prospective investments Careers Media OUem Copyright All Rights Reserved Privacy and cookies Legal OUem Limited is authorised and regulated by the Financial Conduct Authority Privacy and cookies Legal Disclaimer By entering this area of the website you confirm that you are a Relevant Person (as defined below), have read and understood the regulatory information below and are not subject to any restrictions that would preclude you from investing in the type of collective investment schemes, as described below: YES, I ACCEPT NO, I DON’T ACCEPT Source: OUem unless otherwise stated. This website is approved for distribution in the UK by Oxford University Endowment Management Limited, which is authorised and regulated by the Financial Conduct Authority (FCA), under ﬁrm reference number 479702. This website is not directed at, and should not be accessed by, persons in any other country. Oxford University Endowment Management Limited is a company registered in England and Wales under number 06242141 with its registered ofﬁce at University Ofﬁces, Wellington Square, Oxford, OX1 2JD. Investment opportunities described in this website relate to unregulated collective investment schemes, which may not be promoted in the UK to the general public. As such, many of the protections and remedies available to investors under the United Kingdom regulatory regime may not be available to investors in unregulated collective investment schemes. In particular, such investors will not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme. 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