Pennsylvania State University's $4.6 billion long-term investment pool returned a net 5.7% for the fiscal year ended June 30, said Joseph Cullen, chief investment officer.
The University Park, Pa.-based university's pool returned an annualized net 7%, 6.5% and 9%, respectively, for the three, five and 10 years ended June 30, Mr. Cullen said.
Benchmark information and asset class returns will be disclosed in a later annual report, he said.
The endowment posted a return of 7.7% for the year ended June 30, 2019.
As of June 30, the pool's actual allocation was: 26% public domestic equities; 20% each, private equity and public international equities; 16% diversifying strategies; 12% fixed income and 6% real assets.
The long-term investment pool includes more than $3 billion in endowment assets.
