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Investment Objectives
The basic goal of the Endowment is to preserve and enhance its real purchasing power while providing a relatively predictable, stable and constant stream of earnings to meet the needs endowment funds were established to support.
Specific investment objectives, approved by the Investment Committee of the Board of Trustees, are:
- To achieve an average annual rate of return, net of investment management fees and expenses, of at least 5 percent above inflation
- To control portfolio risk or volatility by maintaining an annual portfolio standard deviation of no more than 12 percent over the long term
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