University of Florida Foundation returns 7% in fiscal year

University of Florida Foundation's $1.8 billion endowment pool returned a net 7% for the fiscal year ended June 30.

The Gainesville-based pool outperformed its 60% MSCI All Country World index and 40% Bloomberg Barclays Aggregate Bond index benchmark return, which was 6.1% for the fiscal year, according to a performance report on the foundation's website.

For the three, five and 10 years ended June 30, the endowment pool returned an annualized net 9.5%, 5.5% and 7.9%, respectively, compared to the respective 60/40 benchmark returns of 7.7%, 4.3% and 7.4%.

The endowment pool returned a net 9.5% for the fiscal year ended June 30, 2018.

The foundation did not provide returns by asset class.

The pool's targets are 80% growth strategies and 10% each, diversifying strategies and liquidity strategies. Their actual allocations as of June 30, were: 78.5% growth strategies, 11.6% diversifying strategies and 9.9% liquidity strategies.

University spokesman Steve Orlando could not be immediately reached to provide further information.