William & Mary Investment Trust, Williamsburg, Va., returned -0.47% in its fiscal year ended June 30, vs. its benchmark -0.31% return, the College of William & Mary said in a performance report.
The trust, which oversees the college's consolidated $967.7 million endowment, saw its assets decline 2.9% from the previous fiscal year.
The trust returned an annualized 4.53% in three years, 4.56% in five years and 6.48% in 10 years, all as of June 30.
The endowment's asset allocation is 24.7% domestic equity, 24.1% foreign equity, 18.1% private equity, 13.2% diversifying strategies divided equally between absolute return and special situations, 10.8% real assets, 4.6% cash, 4.2% fixed income and 0.3% distributed securities.
The trust's financial report noted that even in the midst of the COVID-19 pandemic, the university is having its single largest fundraising year in 2020, raising $149.9 million.
The William & Mary Investment Trust manages the collective investments of the William & Mary Foundation, the Marshall-Wythe School of Law Foundation, the William & Mary School of Business Foundation, the Virginia Institute of Marine Science Foundation and the 1693 Scholars Foundation.
CIO Brian Hiestand could not be reached for further details.