2015-11-16T11:13:22-06:00 2014-12-31 PricewaterhouseCoopers LLP 600 13TH STREET NW SUITE 1000 WASHINGTON DC 200053005 990 2014-01-01 980680056 THE OXFORD FUNDS % FAY ASHWELL OXFO 4418656149 KING CHARLES HOUSE PARK END STREET OXFORD UK OX1 1JD FAY ASHWELL CHIEF OPERATING OFFICER 4418656149 2015-11-13 true KATRINA D WALKER P00997158 2024141000 2014 2016-04-25 22:37:26Z FAY ASHWELL OUEM KING CHARLES HOUSE OXFORD UK OX1 1JD 419184025 false X WWW.OUEM.CO.UK/THE-OXFORD-FUNDS X 1945 UK THE OXFORD FUNDS WAS ESTABLISHED TO COLLECTIVELY ADMINISTER THE ASSETS OF TRUSTS THAT SHARE A COMMON PURPOSE OF PROVIDING LONG-TERM SUPPORT FOR THE UNIVERSITY OF OXFORD. 1 0 0 626013 0 4239869 85359596 217918552 218798663 194124357 2087652 1549101 306245911 417831879 0 0 0 0 0 0 0 0 0 81400688 93671507 81400688 93671507 224845223 324160372 2907549205 3314798645 32796291 236446484 2874752914 3078352161 X THE OXFORD FUNDS ("THE FUNDS") IS AN ENDOWMENT FUND ESTABLISHED IN THE UNITED KINGDOM IN 1945 AND GOVERNED BY THE COLLEGE AND UNIVERSITIES TRUSTS ACT OF 1943. THE FUNDS' PURPOSE IS TO COLLECTIVELY ADMINISTER THE ASSETS OF TRUSTS THAT ARE ADMINISTERED BY THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD ("THE UNIVERSITY OF OXFORD"), OR OTHER TRUSTEES FOR PURPOSES CONNECTED WITH THE UNIVERSITY OF OXFORD AND THAT ARE U.K. CHARITIES. THE TRUSTS, WHICH CONTRIBUTE TO THE FUNDS, HAVE A WIDE RANGE OF CHARITABLE PURPOSES, BUT MOSTLY REPRESENT ENDOWMENT MONEY WHICH IS BEING USED TO PROVIDE LONG-TERM SUPPORT FOR ACTIVITIES RELATED TO THE UNIVERSITY OF OXFORD. THE STRUCTURE OF THE FUNDS HAS BEEN SPECIFICALLY DESIGNED TO ENABLE TRUSTS WHICH ARE CONNECTED WITH THE UNIVERSITY AND WHICH SHARE THE INVESTMENT OBJECTIVES AND TIME HORIZON OF THE EXISTING PARTICIPANTS TO POOL THEIR INVESTMENTS. false false 77857871 THE FUNDS' PURPOSE IS TO PROVIDE LONG-TERM SUPPORT TO THE UNIVERSITY OF OXFORD THROUGH ITS INVESTMENT RETURNS. TOTAL DISTRIBUTIONS TO UNITHOLDERS OF THE FUNDS FOR THE YEAR 2014 WERE $77,857,871. THE FUNDS'S REVENUE WAS DERIVED ENTIRELY BY INVESTMENT INCOME AND SALES OF ITS UNITS. 77857871 true true false false false false false false false true true false false false false false true true false true true false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 0 true true true UK false false false false false false false false X 1 0 false true false false false false false true true false false false false false false false X FAY ASHWELL 4418656149 OUEM KING CHARLES HOUSE OXFORD UK OX1 1JD X THE CHANCELLOR MASTERS SCHOLARS OF THE UNIVERSITY OF OXFORD 1.0 X 0 false false false OXFORD UNIVERSITY ENDOWMENT MGMT LT KING CHARLES HOUSE PARK END STREET OXFORD UK OX1 1JD INVESTMENT MANAGER 13936371 CITCO FUND SERVICES NARITAWEG 165 - 1043 NL FUND ADMINISTRATOR 1082707 MISSION VALUE PARTNERS 793 BROADWAY SONOMA CA 95476 INVESTMENT MANAGER 1081651 COX CAPITAL MANAGEMENT RUA TABAPUA 145-8 ANDAR SAO PAULO 0 BR 04533-902 INVESTMENT MANAGER 657712 PAYDEN RYGEL 333 SOUTH GRAND AVENUE LOS ANGELES CA 90071 INVESTMENT MANAGER 835790 15 4239869 4239869 SALE OF FUND UNITS 523000 217918552 217918552 217918552 16656325 626013 16030312 0 0 2742873 1352146 1390727 0 1390727 1390727 177468032 177468032 177468032 177468032 0 0 0 VAT RECOVERY 523000 8859 8859 OTHER INCOME 900099 149515 149515 158374 417831879 218076926 626013 194889071 0 0 0 0 0 0 0 0 0 0 1082707 1082707 0 115567 115567 0 0 13936371 13936371 0 0 4980 4980 0 0 0 0 0 0 0 0 0 0 DISTRIBUTIONS TO UNITHOLDERS 77857871 77857871 CUSTODIAN FEES 319965 319965 MISCELLANEOUS 354046 354046 93671507 77857871 15813636 0 145979477 262359097 0 0 0 0 7760107 63083167 0 0 0 0 0 0 0 0 19915450 40967353 129443688 121417820 129443688 2584362506 2815412836 14673292 3532504 0 0 0 0 13440553 0 2907549205 3314798645 3749407 12610410 0 0 29046884 223836074 0 0 0 0 0 0 0 0 0 0 0 0 32796291 236446484 X 0 0 0 0 2874752914 3078352161 2874752914 3078352161 2907549205 3314798645 X 324160372 68626441 -189187566 X X false true X false false X X X 1 THE CHANCELLOR MASTERS AND SCHOLARS OF THE UNIV OF OXFORD 986001062 02 true 0 0 1 true false false true false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2874752914 222158421 76464478 77857871 17165781 3078352161 1764122761 775536594 417991616 0 68339133 14558924 2874752914 1493437367 120433361 224095880 0 64191125 9652722 1764122761 1281483707 298476156 -28770610 0 49039115 8712771 1493437367 1075319701 155404264 98250090 0 39910753 7579595 1281483707 1.00000 false false 129443688 129443688 129443688 265297999 68626440 -4593914 64032526 201265473 216566406 216566406 417831879 12571868 -3241768 -3241768 15813636 77857871 77857871 93671507 PART XI, LINE 2D RE-CLASS OF CHARITABLE CONTRIBUTION (4,239,868) RE-CLASS OF G&A EXPENSES (354,046) --------- (4,593,914) PART XI, LINE 4B SALE OF FUND UNITS 217,918,552 RENTAL EXPENSE RE-CLASS (1,352,146) --------- 216,566,406 PART XII, LINE 2D RE-CLASS OF CHARITABLE CONTRIBUTION (4,239,868) RE-CLASS OF G&A EXPENSES (354,046) RENTAL EXPENSE RE-CLASS 1,352,146 --------- (3,241,768) PART XII, LINE 4B DISTRIBUTION TO UNITHOLDERS 77,857,871 Europe (Including Iceland and Greenland) 1 Program Services MANAGEMENT & GENERAL 15813636 Europe (Including Iceland and Greenland) Program Services UNIT DISTRIBUTIONS 77857871 Europe (Including Iceland and Greenland) Investments 1517528384 Central America and the Caribbean Investments 1020880761 Sub-Saharan Africa Investments 35393382 1 1 2667474034 2667474034 false false true true true false PART I, LINE 2: THE OXFORD FUNDS'S ("THE FUNDS") SOLE PURPOSE IS TO HOLD AND INVEST A PORTION OF THE ENDOWMENT OF OXFORD UNIVERSITY AND ITS COLLEGES, AS WELL AS A PORTION OF THE ASSETS OF CERTAIN TRUSTS THAT ARE ESTABLISHED FOR PURPOSES CONNECTED WITH THE UNIVERSITY OF OXFORD. OXFORD UNIVERSITY MANAGES THE FUNDS THROUGH A WHOLLY-OWNED ENTITY CALLED OXFORD UNIVERSITY ENDOWMENT MANAGEMENT LIMITED ("OUEM"). PART I: THE FINANCIAL STATEMENTS OF THE OXFORD FUNDS ("THE FUNDS") ARE PRESENTED IN GREAT BRITISH POUNDS. THE AMOUNTS REPORTED ON PART X OF THE FORM 990 WERE CONVERTED FROM GREAT BRITISH POUNDS TO US DOLLARS USING THE CONVERSATION RATE AT 12/31/2014 OF 1.5532. THE AMOUNTS REPORTED ON PARTS VII, VIII, AND IX OF THE FORM 990 WERE CONVERTED FROM GREAT BRITISH POUNDS TO US DOLLARS USING THE AVERAGE CONVERSION RATE FOR THE YEAR ENDED 12/31/2014 OF 1.6476. THE FOREIGN CURRENCY CONVERSION RESULTS IN AN ADJUSTING ITEM TO THE FUNDS'S CHANGE IN NET ASSETS FOR THE PERIOD WHICH IS REPORTED ON FORM 990, PART XI, LINE 9. THE NON-STATUTORY FINANCIAL STATEMENTS HAVE BEEN PREPARED UNDER THE HISTORICAL-COST BASIS, AS MODIFIED BY THE REVALUATION OF INVESTMENTS, IN ACCORDANCE WITH APPLICABLE UNITED KINGDOM ACCOUNTING STANDARDS. PART VI, LINES 1 & 3: THE FUNDS HAS NO OFFICERS OR DIRECTORS. THE SOLE TRUSTEE OF THE FUNDS, AS REQUIRED UNDER UNITED KINGDOM LAW, IS THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD ("THE UNIVERSITY OF OXFORD"). THE UNIVERSITY OF OXFORD MANAGES THE FUNDS THROUGH A WHOLLY-OWNED ENTITY CALLED OXFORD UNIVERSITY ENDOWMENT MANAGEMENT LIMITED ("OUEM"). INVESTMENT MANAGEMENT ACTIVITIES OF THE FUNDS ARE SUBJECT TO OVERSIGHT BY ITS INVESTMENT COMMITTEE. PART VI, LINES 8A & 8B: THE FUNDS HAS NO OFFICERS OR DIRECTORS. THE UNIVERSITY OF OXFORD, THE FUNDS'S SOLE TRUSTEE, MANAGES THE FUNDS THROUGH OUEM. MEETINGS OF OUEM'S GOVERNING BODY AND COMMITTEES ARE REGULARLY AND CONTEMPORANEOUSLY DOCUMENTED IN ACCORDANCE WITH THE REQUIREMENTS OF UNITED KINGDOM LAW. PART VI, LINE 11B: THE FORM 990 IS PREPARED BY PRICEWATERHOUSECOOPERS LLP ("PWC"), BASED ON THE INFORMATION PROVIDED BY THE FUNDS THROUGH OUEM. OUEM'S CHIEF OPERATING OFFICER REVIEWS THE RETURN PRIOR TO FILING. ONCE APPROVED, PWC SIGNS AS PREPARER AND THE CHIEF OPERATING OFFICER SIGNS ON BEHALF OF THE FUNDS. PART VI, LINES 12, 13 & 14: THE FUNDS IS ADMINISTERED IN ACCORDANCE WITH POLICIES SET FORTH BY OUEM, A WHOLLY-OWNED SUBSIDIARY OF THE UNIVERSITY OF OXFORD. THESE POLICIES INCLUDE A WRITTEN CONFLICT OF INTEREST POLICY, A WRITTEN WHISTLE BLOWER POLICY, AND A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. PART VI, LINES 15A & 15B: THE FUNDS DOES NOT HAVE ANY EMPLOYEES AND THEREFORE DOES NOT PROVIDE COMPENSATION TO ANY INDIVIDUALS. PART VI, LINE 19: THE FUNDS' FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION ADJUSTMENT (189,187,566) PART XII, LINE 1: THE NON-STATUTORY FINANCIAL STATEMENTS HAVE BEEN PREPARED UNDER THE HISTORICAL-COST BASIS, AS MODIFIED BY THE REVALUATION OF INVESTMENTS TO FAIR VALUE, IN ACCORDANCE WITH APPLICABLE UNITED KINGDOM ACCOUNTING STANDARDS. PART XII, LINE 2C: THE FUNDS HAS AN INVESTMENT COMMITTEE. OUEM ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW OR COMPILATION OF THE FUNDS'S FINANCIAL STATEMENTS, AND SELECTION OF THE INDEPENDENT ACCOUNTANT. 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