Summary of Investment Programs

Cash Concentration Pool (CCP) as of 08/31/2017

• $4.4 billion in assets
• 9.1% 1-year return
• 3.9% annualized 3-year return
• 6.0% annualized 5-year return
• 4.4% annualized 10-year return

System Endowment Fund (SEF) as of 08/31/2017

• $1.1 billion in assets
• 9.8% 1-year return
• 4.8% annualized 3-year return
• 8.5% annualized 5-year return
• 4.8% annualized 10-year return