Summary of Investment Programs

Cash Concentration Pool (CCP) as of 05/31/2018

• $4.4 billion in assets
• 7.1% 1-year return
• 4.3% annualized 3-year return
• 5.4% annualized 5-year return
• 4.6% annualized 10-year return

System Endowment Fund (SEF) as of 05/31/2018

• $1.2 billion in assets
• 10.3% 1-year return
• 6.2% annualized 3-year return
• 8.0% annualized 5-year return
• 5.5% annualized 10-year return