Financial

Results

The investment performance of the Long-Term Investment Portfolio through June 30, 2009 was:

1 YR 3 YR 5 YR 10 YR
Long-Term Investment Portfolio -19.7% -4.3% 0.7% 1.5%
Common Index -13.9% -2.2% 0.9% 1.1%

The Common Index is composed of: 60% S&P 500 Index and 40% Barclay's Capital Aggregate Bond Index.

While the magnitude of these investment losses has caused disruption to the funding of the University, these returns were in line with other like-sized institutions. The market’s subsequent upturn (beginning in March 2009) has reversed much but not all of the impact of last fiscal year’s market severe decline.