Duke University's $8.5 billion endowment returned 0.7% for the fiscal year ended June 30, vs. 6.9% in fiscal year 2019, according to the Duke University Endowment Fund Snapshot.
DUMAC, Durham, N.C., which manages Duke University's endowment and other long-term investment assets, returned an annualized 9.1% over the past 10 years. The annualized real rate of return target is at least 5% net of fees, according to the snapshot.
Another long-term benchmark is the composite of 70% MCSI All Country World index and 30% Bloomberg Barclays Aggregate index.
The target allocations are 48% equity, 15% credit, 13% absolute return, 9% commodity, 9% real estate, 4% rates (treasuries and agencies), and 2% inflation-linked investments, such as TIPS and timber.
In the most recent fiscal year, support from the endowment and other investments managed by DUMAC provided more than $600 million to the university in the last fiscal year.
Details on asset performance and asset allocation for fiscal 2020 were not available.