Investment Performance

Results of the Public Equity portfolio managed by iCapital over the years.

Assets under management

USD12million

2025

69%

Full-year return, net of fees

Net-of-fees returns vs. the VN-Index

VN-IndexiCapital (net of fees)Year-to-date (YTD)

Notes: Net-of-fees returns of the Public Equity portfolio. 2026 figures are year-to-date (YTD).

VN-Index: annual change in index points (price index, excluding dividends), measured from the prior year-end close: 1,129.93 (2023), 1,266.78 (2024), 1,784.49 (2025). 2026 figures are year-to-date (YTD).

Past performance is not indicative of future results; the value of investments may fall as well as rise. This information is provided for reference only and does not constitute an offer, solicitation or investment recommendation.