University of Houston System's $1.1 billion endowment fund returned 28.7% for the fiscal year ended Aug. 31, above its policy benchmark of 22.5%, according to a report on the system's website.
The system returned an annualized 13.7%, 12% and 8.6% for the three, five and 10 years ended Aug. 31, respectively, compared with their respective benchmarks of 10.3%, 10% and 8%.
University spokeswoman Shawn Lindsey confirmed Friday that the returns were gross of fees.
The endowment returned a gross 9% for the fiscal year ended Aug. 31, 2020.