Division of Financial Services
Accounting
The Long-Term Investment Pool (LTIP) is similar to a mutual fund and includes both domestic and global investments. All securities are handled by outside managers. Funds invested in the LTIP include true endowments, funds functioning as endowments, and other funds that are not expected to be spent for at least three years. The objective of the pool is to produce a reasonable return coupled with capital appreciation.
The market value and market value per unit figures presented below are unaudited. LTIP transactions are processed each month using the unaudited unit value. At year end, if a significant fluctuation occurs between estimated and actual market values, a separate, audited, market value and unit value will be reported for June 30. If the audited and unaudited unit values differ, LTIP transactions will not be adjusted.
The audited unit value will impact market values for reporting purposes only.
| Month Ending | Market Value Per Unit | Market Value | Permanent Shares |
|---|---|---|---|
| July 2022 | $74.840875 | $9,620,284,896 | 128,543,191.140862 |
| August 2022 | $72.105047 | $9,277,749,373 | 128,669,902.867875 |
| September 2022 | $69.432829 | $8,939,872,220 | 128,755,696.529500 |
| October 2022 | $70.224224 | $9,054,446,855 | 128,936,232.963391 |
| November 2022 | $71.215780 | $9,189,693,148 | 129,040,125.700844 |
| December 2022 | $70.269711 | $9,103,839,304 | 129,555,667.105353 |
| January 2023 | $71.520218 | $9,295,369,238 | 129,968,413.459265 |
| February 2023 | $70.315612 | $9,152,484,314 | 130,162,904.782506 |
| March 2023 | $70.342808 | $9,182,947,565 | 130,545,649.987077 |
| April 2023 | $70.546405 | $9,219,872,014 | 130,692,300.377480 |
| May 2023 | |||
| June 2023 | |||
| June 2023* |
*Audited unit values.
The payout for the Long-Term Investment Pool (LTIP) is set annually by the Board of Trustees based on a payout policy adopted in November 2018. The payout policy utilizes a 28-quarter (7-year) rolling average of the Long Term Investment Pool (LTIP) shares, for payout calculation.
| Fiscal Year | Payout Rate |
|---|---|
| FY 2024 | $2.65 |
| FY 2023 | $2.57 |
