Index Chart for Website 2017.09.30 Final

Past performance no guarantee of future results. Current performance may be lower or higher than past performance.

Asset allocations are for most recent reported actual allocation (6/30/2015)

Illiquid investments are sum of hedge strategies, private equity, and real asset/inflation/commodities components of the portfolio.

Average annualized returns for 10 year period ended June 30, 2015, net of underlying fund expenses/fees. Endowment Index® results prior to May 19, 2014 include back tested data and is presented gross of fees.