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Consolidated Investment Fund

FY 2021-22

The UNM Board of Regents has delegated authority to the UNM Foundation Investment Committee to oversee investment and manage the endowment assets of the University and the Foundation. The pooled assets are combined for purposes and operated as a unitized pool known as the Consolidated Investment Fund (CIF). The CIF is managed in accordance with the Consolidated Investment Fund Investment Policy, which is approved by both the UNM Foundation Board of Trustees and the UNM Board of Regents.

CIF investments are invested for the long-term using a diversified approach, with the principal goal of maximizing the return at a commensurate and acceptable level of risk, to benefit UNM.  Investment strategy is guided by the concept of complementary managers that are responsible for specific asset categories and management styles in a diversified portfolio (see “CIF Asset Allocation” chart). 

The CIF finished the year with a market value of approximately $604.0 million, compared to $580.3 million a year ago, and an investment return of -6.0 percent. 

In addition to the customary investment management expenses, a development funding allocation (DFA) of 1.85% is assessed against each participating fund to assist with operational expenses.

CIF Performance FY 2020-2022

As of June 30, 2022 UNM CIF BENCHMARK
2020-2022 -6.0% -6.4%
3-Year 7.3% 7.4%
5-Year 6.8% 7.2%
10-Year 7.2% 7.4%

CIF Spending Distribution - FY 2021-22

Fiscal Year Millions
FY 11-12 14.00
FY 12-13 13.50
FY 13-14 13.80
FY 14-15 14.90
FY 15-16 15.90
FY 16-17 15.00
FY 17-18 15.50
FY 18-19 16.00
FY 19-20 16.50
FY 20-21 18.30
FY 21-22 21.40

CIF Market Value - FY 2021-22

CIF Spending Distribution by Donor-Designated Purpose - FY 2021-22

Diversified Asset Allocation - FY 2021-22

The Year in NumbersConsolidated Investment Fund