b'TARGET ASSET ALLOCATIONHEDGED FOREIGN BONDSHIGH-YIELD BONDSDOMESTIC BONDS-INVESTMENT GRADEDOMESTIC BONDS-HIGH QUALITYSOUF ANNUAL REPORT 2024INTERNATIONAL REITSDOMESTIC REITSEMERGING The SOU Foundation endowment is managed by TIAA Kaspick andINTERNATIONAL LARGE CAPinvested in approximately 71% stocks and 29% bonds and cash.DOMESTIC SMALL CAPBoththestockandbondallocationsarebroadlydiversi\x1fed across di\x1eerent asset classes and managers. This diversi\x1fcation isDOMESTIC LARGE CAPdesigned to lower the expected volatility of the portfolios returns0 10 20 30 40 50and help protect against negative market environments. PERCENT'