INVESTMENTS AT A GLANCE
Long-term Real Return
(As of 30 September 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 (%)||9.4||6.6||6.9||8.6||7.0||6.3||6.0||7.2||8.5|
|US CPI (%)||1.4||1.5||1.8||1.8||1.8||1.8||2.0||2.1||3.9|
|Real Return (Inf. Adj.) (%)||7.9||4.9||5.0||6.6||5.1||4.4||3.9||4.9||4.5|
|Excess Return vs. 3.5%||4.3||1.4||1.4||3.0||1.6||0.9||0.4||1.4||1.0|
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)