Since the city of Oxford invested the $30 million it received from the sale of Baptist Memorial Hospital-North Mississippi in 2012, the fund has earned more than $7 million.

On Tuesday, representatives from Glenmede, the investment firm handling the fund, presented the fiscal year end report to the Oxford Municipal Reserve and Trust Fund Committee. The fiscal year for the fund ended March 31.

As of that date, the fund’s market value was $34,008,415, representing a net increase of $7,330,000 since inception including the 3 percent payout the city receives each year that goes into the general fund to help pay for a variety of projects.

The fund’s long-terms goals, set up by the committee, are capital preservation and real growth after inflation, about 2.5 percent, and the annual 3 percent payoff.

The fund has returned 6.3 percent over the last year and 5.1 percent annually since 2012.

From April 1, 2016 to March 31, the fund earned $2,051,671

As of March 31, 38 percent of the assets are allocated to equities, 55 percent are allocated to fixed income, and 4 percent is allocated to cash. In equities, 66 percent is allocated to large-cap, 9 percent to small cap and 25 percent to international.

Glenmede is instructed to try to grow the fund enough to allow for annual payouts but to do so in a conservative fashion as to not risk losing the initial $30 million investment. The fund is a moderately low-risk investment, according to Glenmede.

The top 10 holdings in the equity portfolio include Johnson & Johnson, JP Morgan Chase and Co., Pfizer Inc., Bank of New York Mellon Corp., Ameriprise Financial, Eaton Corp PLC Ordinary, Principal Financial Group, Western Digital, Anthem and Hewlett-Packard Enterprise