INVESTMENTS AT A GLANCE
Long-term Real Return
(As of 31 March 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 (%)||-3.5||-0.6||3.8||3.9||5.5||5.5||4.9||6.8||8.3|
|US CPI (%)||1.5||1.7||1.9||1.8||1.7||2.0||2.1||2.2||3.9|
|Real Return (Inf. Adj.) (%)||-5.0||-2.3||1.9||2.1||3.1||3.5||2.8||4.6||4.3|
|Excess Return vs. 3.5%||-8.2||-5.6||-1.6||-1.4||0.2||0.0||-0.7||1.0||0.7|
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)