Investing across multiple asset classes is key to growing the Endowment while appropriately managing overall risk. The portfolio asset allocationtable below shows the actual fiscal year 2018 asset allocation for the various asset classes in which the Endowment is invested, along with the target weights developed by the Investments Committee.
A target composite benchmark is derived from this asset allocation to measure the Endowments performance. As the secondary objective, the Endowment seeks to outperform this composite benchmark over longer periods of time.
Here is a text version of the 2016 Portfolio Asset Allocation Chart.
US equity securities, primarily invested in active strategies, across all sectors and market capitalizations as defined by the Russell 3000 index.
Global investments in foreign equity securities in active strategies across developed and emerging market countries.
portfolio of global fixed income investments, including both sovereign and corporate bonds.
Invested in various credit markets, including distressed debt and other credit instruments with fixed-income characteristics.
Portfolio of long-short equity, event-driven and uncorrelated strategies, which aims to provide equity-like returns with a low correlation to global equities.
Investments in global buyout funds as well as venture capital.
Investments in energy, timber, real estate, and commodity funds.
Computed by multiplying the target weights of each asset class by the respective benchmark.