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Endowments and Foundations

University of Iowa endowments post double-digit returns

University of Iowa Foundation returned a net 10.3% on its $1 billion endowment for the fiscal year ended June 30, said a performance summary report from the Iowa City-based foundation.

A foundation spokeswoman declined to provide the performance benchmark.

By asset class, global equities returned 17.1%, global fixed income, 7.7%; diversifying strategies, 4.6%; and real assets, 4.3%.

As of June 30, the foundation had a target asset allocation of 40% global equity, and 20% each diversifying strategies, real assets and fixed income.

For the three, five and 10 years ended June 30, the foundation returned an annualized 4.2%, 8.1% and 4.7%, respectively. In the year ended June 30, 2016, the fund returned a net -1.8%.

The University of Iowa, which oversees a roughly $388 million endowment separate from the foundation, returned a net 13.7% on its endowment for the year ended June 30, ahead of its 13.5% benchmark, said a performance report prepared for the Iowa Board of Regents' Sept. 6-7 meeting.

A breakout of asset class returns was not disclosed.

As of the June 30, the university's endowment had an asset allocation of 24.9% non-U.S. equity, 23.2% fixed income, 23% U.S. equity, 15.2% real assets, 13.1% private equity and the remainder in a liquidity portfolio.

For the three and five years ended June 30, the university's endowment returned an annualized 5.4% and 8.7%, topping its benchmarks of 5% and 8.6% in those periods. For the year ended June 30, 2016, the endowment returned a net 0.1%.