Long-term Real Return
INVESTMENTS AT A GLANCE
Long-term Real Return
(As of 30 June 2020)
*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 (%) | 4.1 | 5 | 6.4 | 6.1 | 7.5 | 6.3 | 5.6 | 7.1 | 8.5 |
US CPI (%) | 0.7 | 1.2 | 1.7 | 1.6 | 1.7 | 1.9 | 2.0 | 2.1 | 3.9 |
Real Return (Inf. Adj.) (%) | 3.4 | 3.8 | 4.6 | 4.5 | 5.7 | 4.3 | 3.5 | 4.8 | 4.5 |
Excess Return vs. 3.5% | -0.1 | 0.3 | 1.1 | 1.0 | 2.2 | 0.8 | 0.0 | 1.3 | 0.9 |
Note:
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)