Public HTML RI reports - PRI reporting framework 2018

The University of Edinburgh

PRI reporting framework 2018

Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - INF 03]

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Indirect – Manager Selection, Appointment and Monitoring

Listed Equity and Fixed Income Strategies [SAM 01] Selection [SAM 02 - 03] Appointment [SAM 04] Monitoring [SAM 05 - 07] Outputs and outcomes [SAM 08 - 09]

Direct - Property

Overview [PR 01] Pre-investment (selection) [PR 04 - 06] Selection, appointment and monitoring third-party property managers [PR 07] Post-investment (monitoring and active ownership) [PR 08 - 14] Overview [PR 08] Property monitoring and management [PR 09 - 10] Property developments and major renovations [PR 11] Occupier engagement [PR 12 - 13] Community engagement [PR 14] Outputs and outcomes [PR 15 - 16]

Assurance

Assurance [CM1 01.1 - 01.7]

Export Public Responses

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Basic information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

Non-corporate pension or superannuation or retirement or provident fund or plan

Corporate pension or superannuation or retirement or provident fund or plan

Insurance company

Foundation

Endowment

Development finance institution

Reserve - sovereign or government controlled fund

Family office

Other, specify

01.3. Additional information. [Optional]

The University of Edinburgh was granted its charter in 1582 and opened its doors to its first class of students in October 1583. As a truly global university, rooted in Scotland's capital, we make a significant, sustainable and socially responsible contribution to the world. Our mission is to discover, develop and share knowledge. As a centre of academic excellence we aim to:

provide the highest-quality research-led teaching and learning;
challenge the boundaries of knowledge, research and disciplines;
enable our graduates and staff to be exceptional individuals equipped to address global challenges;
promote good health, economic growth, cultural understanding and social well-being.

This report is in relation to the University of Edinburgh 'Endowment and Investment Fund' which contains both endowment and treasury money (previously the Endowment Fund). For benchmarking and comparison purposes we have classified this fund as 'Endowment' within the PRI reporting.

For detailed information about the University visit www.ed.ac.uk and for information on its investments see: http://www.ed.ac.uk/finance/about/sections/financial-accounting/investment

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United Kingdom

02.2. Indicate the number of countries in which you have offices (including your headquarters).

2-5

6-10

>10

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

9987 FTE

02.4. Additional information. [Optional]

Staff numbers refers to University staff (expressed as average full time equivalents during the year).

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

Yes

03.3. Additional information. [Optional]

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/07/2017

04.2. Indicate your total AUM at the end of your reporting year, Exclude subsidiaries you have chosen not to report on and any advisory/execution only assets.

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

04.5. Additional information. [Optional]

For details, see page 67 of the University's Annual Report and Accounts.

https://www.ed.ac.uk/files/atoms/files/uoe_annual_report_and_accounts_2016-17_0.pdf

OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. Select how you would like to disclose your asset class mix.

as percentage breakdown

as broad ranges

	Internally managed (%)	Externally managed (%)
Listed equity	0 0	>50% 56.8
Fixed income	0 0	<10% 4.6
Private equity	0 0	0 0
Property	<10% 6.3	10-50% 14
Infrastructure	0 0	0 0
Commodities	0 0	0 0
Hedge funds	0 0	0 0
Forestry	0 0	0 0
Farmland	0 0	0 0
Inclusive finance	0 0	0 0
Cash	<10% 0.7	<10% 0.3
Other (1), specify	0 0	<10% 8.3
Other (2), specify	<10% 0.7	<10% 8.3

'Other (1)' specified

          This includes Kames investments categorised as high yield and fixed interest

'Other (2)' specified

          This includes Old College Capital, a multi-asset fund, Edinburgh University Press Ltd and investments in Edinburgh Technology Fund, other investments and Pure LIFI

06.2. Publish asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

Investments are spread over various fund managers and different types of assets.

The Investment Committee is responsible for the oversight and strategic direction of investments. Its members are appointed by the University of Edinburgh Court, and are drawn from both Court members and external investment professionals.

Each year an Endowment Fund Report is published. This gives, amongst other matters, details of the Investment Committee and its remit, the Fund managers and statistics relating to the investments and endowment funds.

Details of the University’s investments and endowment funds are available in the University’s Annual Report and Accounts.

https://www.ed.ac.uk/finance/accounts

Equities: Includes Baillie Gifford Global Alpha, Northern Trust Emerging Markets and World ESG.

Fixed Income: includes M&G Illiquid

Properties: includes Hermes Property Unit Trust, Savills (external) and Deaconess (internal)

Cash: includes Baillie Gifford and Edinburgh University

OO 07. Fixed income AUM breakdown

07.1. Provide to the nearest 5% the percentage breakdown of your Fixed Income AUM at the end of your reporting year, using the following categories.

Externally managed

3.8 SSA

16.2 Corporate (financial)

49.1 Corporate (non-financial)

30.9 Securitised

OO 08. Segregated mandates or pooled funds

New selection options have been added to this indicator. Please review your prefilled responses carefully.

Provide a breakdown of your organisation’s externally managed assets between segregated mandates and pooled funds.

[a] Listed equity

<10%

10-50%

>50 %

<10%

10-50%

>50 %

100%

[b] Fixed income - SSA

<10%

10-50%

>50 %

<10%

10-50%

>50 %

100%

[c] Fixed income – Corporate (financial)

<10%

10-50%

>50 %

<10%

10-50%

>50 %

100%

[d] Fixed income – Corporate (non-financial)

<10%

10-50%

>50 %

<10%

10-50%

>50 %

100%

[e] Fixed income – Securitised

<10%

10-50%

>50 %

<10%

10-50%

>50 %

100%

[g] Property

<10%

10-50%

>50 %

<10%

10-50%

>50 %

100%

[n] Cash

<10%

10-50%

>50 %

<10%

10-50%

>50 %

100%

[o] Other (1), specify

<10%

10-50%

>50 %

<10%

10-50%

>50 %

100%

[p] Other (2), specify

<10%

10-50%

>50 %

<10%

10-50%

>50 %

100%

Asset class breakdown

Segregated mandate(s)

Pooled fund(s)

Total of the asset class(each row adds up to 100%)

08.2. Additional information. [Optional]

OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

Developed Markets	0% <10% 10-50% >50 %
Emerging, Frontier and Other Markets	0% <10% 10-50% >50 %
Total100%

09.2. Additional information. [Optional]

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