Trinity University's $1.7 billion endowment returned a net -0.8% for the year ended June 30, according to an endowment report posted on the San Antonio-based university's website.
For the three, five and 10 years ended June 30, the endowment returned an annualized net 11.1%, 9.6% and 9.4%, respectively.
The endowment had returned a net 36.3% for the fiscal year ended June 30, 2021.
Benchmarks and returns by asset class were not provided.
While an actual allocation as of June 30 was not provided, the report said the allocation consists of domestic equities, international equities, hedge funds, private investments and fixed income/cash as asset classes.
For the most recent fiscal year, Trinity University's negative return reflected a challenging market environment, primarily in public equities and fixed income. For the year ended June 30, the Russell 3000 index and Bloomberg U.S. Aggregate Bond index returned -13.9% and -10.3%, respectively, in sharp contrast to returns of 44.2% and 4.6% for the year ended June 30, 2021.
However, Trinity's endowment return did exceed the median return of -3.6% among the 40 university endowments whose most recent fiscal-year returns have been tracked by Pensions & Investments as of Monday.
Trinity University's fiscal year ends on May 31.
Craig Crow, chief investment officer, could not be immediately reached for further information.
