INVESTMENTS AT A GLANCE
Long-term Real Return
(As of 31 March 2021)
*As described in paragraph 5 of the Investment Policy Statement (IPS): “The Fund’s current ‘Long-Term Investment Objective’ is to meet or exceed a 3.5% real rate of return (net of inflation, as measured by the US Consumer Price Index) in USD dollar terms annualized over the long term (15 years and longer)”.
|1 Year||2 Years||3 Years||5 Years||10 Years||15 Years||20 Years||25 Years||50 Years|
|Nominal Return (%)||32.3||13.0||9.4||10.1||7.3||6.6||7.3||7.4||8.7|
|US CPI (%)||2.6||2.1||2.0||2.2||1.7||1.9||2.1||2.2||3.9|
|Real Return (Inf. Adj.) (%)||28.9||10.7||7.2||7.8||5.5||4.7||5.1||5.2||4.6|
|Excess Return vs. 3.5%||24.6||7.0||3.6||4.1||1.9||1.1||1.6||1.6||1.1|
Nominal returns are annualized.
Nominal returns and the US-CPI are rounded off to the single decimal point.
Real returns are calculated using a geometric difference.
Excess of 3.5% is calculated using a geometric difference.
Quarterly numbers are provided with one quarter lag due to delays in obtaining valuations for Alternative Investments, Real Estate, and other Private Markets Investments.
Year-end numbers are up-to-date and usually available by end of April the following year.
(Data from independent Master Record Keeper)