University of Texas System - Trend Analysis OF Total Yield

THE UNIVERSITY OF TEXAS SYSTEM

TREND ANALYSIS OF TOTAL YIELD

ON PUF, LTF AND MEDICAL LIABILITY SELF-INSURANCE FUND
BY ASSET MIX
FOR THE YEARS 1991 - 1995

EQUITIES (EXCLUDING CASH)

Years Ending August 31 Five Years

1991 1992 1993 1994 1995 1991-95
Yield % of Mix Yield % of Mix Yield % of Mix Yield % of Mix Yield % of Mix Yield % of Mix

PUF 3.4 % 33.8 % 2.7 % 37.3 % 3.0 % 34.8 % 2.7 % 38.3 % 2.5 % 45.1 % 2.8 % 37.9 %

LTF 3.7 % 30.7 % 2.6 % 37.4 % 2.6 % 46.3 % 2.7 % 48.8 % 2.6 % 50.3 % 2.8 % 42.7 %

Medical Liability
Self-Insurance¹ 4.0 % 26.9 % 2.8 % 34.0 % 3.2 % 34.4 % 3.2 % 28.2 % --- --- --- ---

TOTAL LONG TERM FIXED INCOME

Years Ending August 31 Five Years

1991 1992 1993 1994 1995 1991-95
Yield % of Mix Yield % of Mix Yield % of Mix Yield % of Mix Yield % of Mix Yield % of Mix

PUF 9.2 % 49.5 % 9.3 % 48.3 % 8.2 % 58.5 % 8.0 % 55.2 % 8.0 % 50.6 % 8.5 % 52.4 %

LTF 9.2 % 55.4 % 9.5 % 50.3 % 8.4 % 51.6 % 8.2 % 46.7 % 8.0 % 37.9 % 8.7 % 48.3 %

Medical Liability
Self-Insurance¹ 8.1 % 50.5 % 8.9 % 45.4 % 7.2 % 60.0 % 7.1 % 69.1 % --- --- --- ---

CASH AND EQUIVALENTS

Years Ending August 31 Five Years

1991 1992 1993 1994 1995 1991-95
Yield % of Mix Yield % of Mix Yield % of Mix Yield % of Mix Yield % of Mix Yield % of Mix

PUF 7.1 % 16.7 % 6.9 % 14.4 % 5.6 % 6.7 % 3.8 % 6.5 % 5.4 % 4.3 % 5.7 % 9.7 %

LTF 6.7 % 13.9 % 4.9 % 12.3 % 4.3 % 2.5 % 3.4 % 4.5 % 5.7 % 11.8 % 5.0 % 9.0 %

Medical Liability
Self-Insurance¹ 6.8 % 22.6 % 4.7 % 20.6 % 4.3 % 5.8 % 3.4 % 2.7 % --- --- --- ---

Source of information:		The University of Texas System, Office of Asset Management
Notes:		Market Value Yield is the sum of dividends on equities, bond income and other interest income divided by the average market value of the assets. The percentage of asset mix reflects the proportion of the average market value of an asset type to the average market value of the total fund.
	1	The Medical Liability Self-Insurance Fund was moved into the LTF during Fiscal Year 1995; therefore these ratios are no longer applicable.

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Last updated 20 Feb 1996


Years Ending August 31											Five Years
	1991		1992		1993		1994		1995		1991-95
	Yield	% of Mix	Yield	% of Mix	Yield	% of Mix	Yield	% of Mix	Yield	% of Mix	Yield	% of Mix
PUF	3.4 %	33.8 %	2.7 %	37.3 %	3.0 %	34.8 %	2.7 %	38.3 %	2.5 %	45.1 %	2.8 %	37.9 %
LTF	3.7 %	30.7 %	2.6 %	37.4 %	2.6 %	46.3 %	2.7 %	48.8 %	2.6 %	50.3 %	2.8 %	42.7 %
Medical Liability Self-Insurance¹	4.0 %	26.9 %	2.8 %	34.0 %	3.2 %	34.4 %	3.2 %	28.2 %	---	---	---	---