15 As of June 30, 2023 (fiscal year-end 2023), the University of Rochester’s Long-Term Investment Pool (LTIP) was valued at $3.3 billion. Endowed funds from the University’s programs represent approximately $2.8 billion of the LTIP.* Each fund benefits from scale and diversification of the LTIP. The University is one of 50 colleges and universities in the United States with an endowment of more than $2 billion. The LTIP outperformed the benchmark (80% stocks and 20% bonds) for three-, five-, and ten-year periods. Rochester’s fiveyear average net annual investment return was 8.1% versus LONG-TERM INVESTMENT POOL VALUE (Primarily endowment, dollars in billions) 1.25 1.14 1.13 1.26 1.39 1.52 1.77 1.75 1.37 1.47 1.66 1.65 1.81 2.13 2.23 2.12 2.35 2.51 2.58 2.61 3.71 3.22 3.32 00-01 01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 6.9% for the benchmark. The ten-year average net annual return was 8.3% versus 7.5% for the benchmark. During the fiscal year ending June 30, 2023, the LTIP return was 6.9%, compared to the benchmark return of 13.4%. *Other funds held in the LTIP include trusts, annuities, supporting organizations, foundations, and reserves. LONG-TERM INVESTMENT POOL
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