Endowment Overview
The UNT Foundation plays a crucial role as an essential strategic partner to the University of North Texas, managing and growing private assets through investment management to benefit the university’s mission. The Foundation ensures that the endowments adhere to our generous donors’ intent and remain sustainable for both current and future generations.
For the quarter ended November 30, 2024, the portfolio is estimated to have increased by 2.4% . Portfolio performance was impacted by real assets, which were up 4.0% , equities, up 2.9% , and fixed income, up 0.4% . Meanwhile, hedge funds, designed to provide a non-correlated return, are currently estimated to have produced a return of 2.1% . North American equities, emerging market equities and developed international equities produced returns of 6.1% , 0.8% and -4.2% , respectively. The stock market, as defined by the S&P 500, was up 6.8% for the quarter. But there were plenty of ups and downs along the way. First, the S&P 500 was down 4.3% through September 6. Unemployment was reported to be down, which was deemed to be inflationary. Second, the S&P 500 was up 8.4% as the Fed lowered interest rates for the first time in years. Third, the S&P 500 declined 2.6% through November 4 as investors were uncertain about the election. Fourth, the market increased 5.1% through November 11 based on the outcome of the election. Fifth, the S&P 500 declined 2.2% as investors took profits. Finally, the market increased 2.8% through the rest of November as there was renewed enthusiasm for the pro business policies of the new administration. HISTORICAL RETURNS Endowment Policy Index Strategic Benchmark
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Note 1 - The investment income and historical returns presented are net of individual investment manager fees, but gross of the foundation’s management fee.This method aligns with standard NACUBO reporting practices and ensures comparability to our peers. Our benchmark sets a high standard for performance at 75% equity and 25% fixed income. Note 2 - The management fee charged by the foundation encompasses accounting, internal investment management services, and coordination with Advancement, college deans, donors, and other university partners. Our fee remains competitive, being at or below the endowment management fees of our peers, as reported by NACUBO.
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