Investment Performance
As of June 30, 2023
1693 Partners Fund
| 15 year | 10 year | 5 year | 3 year | 1 year | |
|---|---|---|---|---|---|
| 1693 Partners Fund1 | 6.6% | 8.0% | 8.3% | 12.2% | 7.1% |
| Target Benchmark2 | 5.5% | 6.5% | 6.3% | 9.4% | 12.1% |
- Fund-level investment performance is presented net of investment manager fees and gross of internal operating expenses.
- Policy Benchmark: 56% MSCI All Country World Index, 24% Bloomberg Barclays Aggregate Index, 2% Bloomberg Barclays U.S. Credit Index, 8% Bloomberg Barclays U.S. High Yield Index, 10% Bloomberg Commodity Index; Beginning January 1, 2017: 50% MSCI All Country World Index, 15% Russell 2000 Index, 10% Bloomberg Barclays Aggregate Index, 15% HFR Fund of Funds Index, 5% MSCI U.S. REIT Index, 5% S&P North American Natural Resources Index; Beginning July 1, 2022: 45% MSCI All Country World Index, 25% Russell 2000 Index, 7.5% Bloomberg Barclays Aggregate Index, 12.5% HFR Fund of Funds Index, 5% MSCI U.S. REIT Index, 5% S&P North American Natural Resources Index
Business School Foundation
| 15 year | 10 year | 5 year | 3 year | 1 year | |
|---|---|---|---|---|---|
| Total BSF Account | -- | -- | -- | -- | 7.3% |
| Target Benchmark | -- | -- | -- | -- | 11.6% |
1-year benchmark composed of: Custom Benchmark: 60% MSCI ACWI (Net), 7.5% MSCI ACWI Small Cap (Net), 7.5% MSCI Emerging Markets (Net), 25% Bloomberg U.S. Aggregate Bond
The William & Mary Business School Foundation’s endowments are invested primarily in pooled funds managed by the 1693 Partners Fund and LCG Associates. The William & Mary Business School Foundation began investing some funds with LCG Associates during FY 2022. The estimated average annual return and target benchmark on these combined pools were calculated using industry standard methodology for the fiscal year ending on June 30, 2023. Prior to FY22, endowment assets were primarily invested with the 1693 Partners Fund with returns as shown above.
Muscarelle Museum of Art Foundation
| 15 year | 10 year | 5 year | 3 year | 1 year | |
|---|---|---|---|---|---|
| Total ART Account | -- | -- | 5.1% | 5.9% | 9.6% |
| Target Benchmark | -- | -- | 4.9% | 6.7% | 9.7% |
Virginia Institute of Marine Science Foundation
| 15 year | 10 year | 5 year | 3 year | 1 year | |
|---|---|---|---|---|---|
| WAMIT/LCG Associates³ | 4.2% | 4.4% | 1.3% | 0.4% | 9.8% |
| Policy Benchmark⁴ | 3.7% | 3.7% | 0.8% | 0.3% | 10.1% |
- WAMIT investments as of September 30, 2020; LCG Associates investments beginning April 2021; Investment performance is net of all fees and expenses.
- April 2021 to present: 52.5% MSCI ACWI, 10% MSCI ACWI Small Cap, 7.5% MSCI Emerging Markets, 25% BloomBarc U.S. Aggregate, 5% T-Bills; October 2020 to April 2021: 100% T-Bills; Prior to October 2020: 56% MSCI All Country World Index, 24% Bloomberg Barclays Aggregate Index, 2% Bloomberg Barclays U.S. Credit Index, 8% Bloomberg Barclays U.S. High Yield Index, 10% Bloomberg Commodity Index; Beginning January 1, 2017: 50% MSCI All Country World Index, 15% Russell 2000 Index, 10% Bloomberg Barclays Aggregate Index, 15% HFR Fund of Funds Index, 5% MSCI U.S. REIT Index, 5% S&P North American Natural Resources Ind
10-Year Growth in Consolidated Endowment
As of June 30, 2023
Scales are different for each pool of capital. Each endowment is represented in the chart below by color. Dollars in millions on the y-axis and fiscal years on the x-axis.
10-Year Combined Growth for All W&M Endowments
Valued at more than $1.3 billion as of June 30, 2023.
