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The Index spent nearly the entirety of 2021 in positive territory. The Index low for 2021 occurred on January 4th with a close of 1,515.07. The high for the year occurred on November 8th at 1,765.99.

Global equity markets rose again in 2021 with the S&P 500 notching 70 record highs throughout the year. Higher inflation, due to supply chain issues & labor shortages was the primary concern for investors throughout 2021.

Ten of the Index's twenty-two components posted double digit gains for 2021.The top performing component of the Index was commodities oil & gas, which gained an astounding 75.59% in 2021. Gold was the worst performer, posting a loss of -3.99% for the year.

The Endowment Index represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy or who otherwise incorporate alternative investments within a comprehensive asset allocation. The Endowment Index measures performance for a multi-asset, globally diversified, three-dimensional portfolio that includes Global Equity, Global Fixed Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets) The Index applies an objective, rules-based construction methodology based upon portfolio allocation data obtained from over 700 educational institutions that collectively manage over $637 billion as of 6/30/20. Each of the 22 sub-indexes that currently comprise the Index are investable and contained within those sub-indexes are over 47,000 underlying securities.

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