The Oxford Funds aims to provide sustainable growth and a regular distribution to the collegiate University

Harcourt Arboretum, Oxford Botanic Garden;
Oxford University Images / Jill Walker

AUM have increased to £2.4bn through a combination of performance and inflows from across the collegiate University

The Oxford Endowment Fund has distributed £321m since its inception

The Oxford Endowment Fund

The Oxford Endowment Fund (OEF) holds permanent endowment gifts built up over centuries, through the generosity of donors. At its heart is the aim of providing sustainable growth and a regular distribution to investors. The OEF’s investment objective is to produce an average – often referred to as annualised – real return of 5% over the long term. The OEF opened to collegiate investors on 1 January 2009.

The Oxford Endowment Fund has returned 9.3% annualised since inception

The Oxford Capital Fund

The Oxford Capital Fund (OCF) holds expendable endowment. Typically this capital is for building projects. The investment objective of the OCF is to produce an annualised real return of 1.5% over the long term. The OCF opened to collegiate investors on 1 January 2010.

Performance is shown to 31 December 2015. Further information is included in The Oxford Funds Report

Investment Policy of the Oxford Endowment Fund

Global Equities 45% +

Private Equity 20% +

Non Directional 14% +

Property 9% +

Inflation Hedges 6% +

Cash & Short Term Bonds 6% +

Equity Investments

Equity investments are used as a principal driver of returns and our target allocation is 65% of the OEF.

Opportunities in Global Equities are viewed on at least a 3-5 year basis where there is significant value available for our capital. The target allocation is 45%.

Private Equity is simply another method of investing in corporate equity, but where the companies involved are normally outside the scope of public markets for either a situational or strategic reason. The target allocation is 20%.

Equity Investments

Equity investments are used as a principle driver of returns and our target allocation is 65% of the OEF.

Opportunities in Global Equities are viewed on at least a 3-5 year basis where there is significant value available for our capital. The target allocation is 45%.

Private Equity is simply another method of investing in corporate equity, but where the companies involved are normally outside the scope of public markets for either a situational or strategic reason. The target allocation is 20%.

Non Directional

Non Directional investments seek to make gains which are not correlated to the broader equity cycle. This helps diversify the return drivers of the Fund and lower overall volatility. The target allocation is 14%.

Property

The Property allocation includes the Fund’s rural estates and other property investments. These hard assets provide idiosyncratic returns compared to much of the portfolio. The target allocation is 9%.

Inflation Hedges

Inflation hedges, potentially including equities, commodities and bonds which show some sensitivity to unexpected rises in inflation. Target allocation is 6%.

Cash & Short Term Bonds

Cash and cash like instruments that are highly liquid with minimal credit risk. The target allocation is 6%.

Disclaimer

By entering this area of the website you confirm that you are a Relevant Person (as defined below), have read and understood the regulatory information below and are not subject to any restrictions that would preclude you from investing in the type of collective investment schemes, as described below:

Yes, I accept No, I don't accept

This website is approved for distribution in the UK by Oxford University Endowment Management Limited, which is authorised and regulated by the Financial Conduct Authority (FCA), under firm reference number 479702. This website is not directed at, and should not be accessed by, persons in any other country. Oxford University Endowment Management Limited is a company registered in England and Wales under number 06242141 with its registered office at University Offices, Wellington Square, Oxford, OX1 2JD. Investment opportunities described in this website relate to unregulated collective investment schemes, which may not be promoted in the UK to the general public. As such, many of the protections and remedies available to investors under the United Kingdom regulatory regime may not be available to investors in unregulated collective investment schemes. In particular, such investors will not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme. To access this site, you must fall within a category of persons to whom it is lawful to promote unregulated collective investment schemes in accordance with either the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001(CIS Order) or FSAs conduct of business requirements, set out at COBS 4.12 of the FSA Handbook (together Relevant Persons). Relevant Persons include existing participants in similar schemes, high value trusts and high net worth companies, as defined in the CIS Order. Oxford University Endowment Management shall only respond to solicitations from Relevant Persons and any other person should not act upon the content of this website. If you are in any doubt about your status, please seek advice from your own professional advisers. This website does not constitute an offer or solicitation to purchase or sell any investments, nor does it contain any investment, legal or tax advice. As with any investment, investment in unregulated collective investment schemes carries a degree of risk. Prospective Investors should read the relevant Prospectus in its entirety prior to making a decision to invest. It is also recommended that prospective investors consult their own professional advisers concerning any investment in an unregulated collective investment scheme. There can be no assurance that that a scheme will achieve it investment objective and past (and/or simulated past) performance should not be used as a guide to future returns.