Tufts University's $2.7 billion total return pool, which includes $2.4 billion in endowment assets, posted a return of 9.4% for the fiscal year ended June 30.
The Medford, Mass.-based university's return fell below the benchmark return of 14.2% for the period, according to the university's annual report posted on its website.
For the three, five and 10 years ended June 30, the pool returned an annualized 0.7%, 8% and 7.1%, respectively, compared with their respective benchmarks of 3%, 7.6% and 6.5%.
Return data was net of investment fees and gross of administrative fees.
The pool had returned 3.5% for the fiscal year ended June 30, 2023.
For the most recent fiscal year, the university's total return pool return fell just below the median return of 9.9% among the 49 college and university endowments whose returns have been tracked by Pensions & Investments as of Nov. 19.
The annual report did not provide returns by asset class or asset allocation information, but it noted that while the investment pool's public equity portfolio benefited from the equity rally during the year ended June 30, "the more muted returns from private investments reduced the total portfolio’s absolute return during this period.”
