INVESTMENTS AT A GLANCE
Long-term Real Return
(As of 30 June 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 (%)||25.0||14.1||11.3||11.0||7.7||7.0||7.5||7.5||8.7|
|US CPI (%)||5.4||3.0||2.5||2.4||1.9||2.0||2.1||2.2||3.9|
|Real Return (Inf. Adj.) (%)||18.6||10.8||8.5||8.4||5.7||4.9||5.3||5.2||4.6|
|Excess Return vs. 3.5%||14.6||7.0||4.8||4.7||2.2||1.4||1.7||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)