INVESTMENTS AT A GLANCE
Long-term Real Return
(As of 31 December 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 (%)||13.4||16.0||8.7||9.9||7.4||6.8||6.7||7.4||8.7|
|US CPI (%)||1.4||1.8||1.9||2.0||1.7||1.9||2.0||2.1||3.8|
|Real Return (Inf. Adj.) (%)||11.9||13.9||6.7||7.8||5.6||4.8||4.6||5.2||4.7|
|Excess Return vs. 3.5%||8.1||10.1||3.1||4.1||2.0||1.3||1.0||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)