Summary of Investment Programs

Cash Concentration Pool (CCP) as of 05/31/2017

• $4.0 billion in assets
• 9.4% 1-year return
• 3.9% annualized 3-year return
• 6.2% annualized 5-year return
• 4.1% annualized 10-year return

System Endowment Fund (SEF) as of 05/31/2017

• $1.1 billion in assets
• 10.2% 1-year return
• 5.3% annualized 3-year return
• 8.8% annualized 5-year return
• 4.5% annualized 10-year return