Investment Performance Versus Policy Benchmark


Investment Performance versus Policy Benchmark

(As of 31 December 2021)

*As described in paragraph 5 of the Investment Policy Statement (IPS): “The Fund’s current ‘Short-Term Investment Objective’ is to meet or exceed the return of the Policy Benchmark over the short-term (3 years)”.

Nominal returns and Policy Benchmark returns are rounded off to the single decimal point by Northern trust.
Nominal returns are annualized.
Quarterly numbers are provided with one quarter lag due to delays in obtaining valuations for Private Equity, 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)