Idaho Endowment Fund Investment Board, Boise, returned 5.2% for the fiscal year ended June 30.
The return exceeded the fund's benchmark of 4.8%, according to an investment report posted on the $2.4 billion endowment's website.
For the three, five and 10 years ended June 30, the endowment returned an annualized 7.6%, 7% and 9.5%, respectively, above the respective benchmarks of 6.8%, 6.7% and 9%.
The endowment returned 7.6% for the fiscal year ended June 30, 2019.
The best performing asset class was fixed income, which returned 6.5% for the fiscal year ended June 30 (below its benchmark return of 8.7%), followed by global equities at 5.8% (above its benchmark of 2.1%); real estate, 5.6% (3.9%); domestic equities, 5.2% (6.5%); and international equities, 2% (-4.8%).
Whether returns were gross or net of fees could not be immediately learned.
As of June 30, the endowment's actual allocation was: 37.7% domestic equities; 24.6% fixed income; 19.7% international equities; 9% global equities; 8.1% real estate; and 0.9% cash.
Chris Anton, manager of investments, could not be immediately reached for further information.
