State Street Investment Management launched the State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF (NYSE:UCBG) with a $2.5 billion investment from the University of California, making it one of the largest-ever U.S.-listed ETFs at launch. The fund tracks an index allocating 90% to large-cap U.S. equities within the S&P 500 and 10% to short-duration, investment-grade corporate bonds. The strategy is inspired by UC Investments' $7.9 billion Blue and Gold Endowment Pool and brings an institutional-style allocation to everyday investors through a low-cost ETF. Its 0.06% expense ratio and blended equity-and-bond structure position it as a potential core portfolio option as investors weigh interest rates, inflation and equity valuations. State Street already offers more than 170 U.S.-listed funds, and the launch reflects the industry's broader effort to package institutional strategies for a wider investor base.