Each month, the Trustees determine the Fund's actual rate of taxable and non taxable income or losses earned (net of expenses) for each of the investment strategies and apply those rates as increases or decreases to the Members' Accounts and Reserve Account in proportion to the daily account balance. Tax on taxable income is then deducted from each Member's Account at the Member's individual Prescribed Investor Rate (PIR) being either 19.5% or 30%. Tax is deducted from the Reserve Account at 30%.
Year to Date
Net Distributions for the month of May 2011
| Balanced Strategy | -1.496% |
| Conservative Strategy | -0.251% |
Year-to-date Net Distribution (after tax and expenses) to 31 May 2011
| Balanced Strategy | -0.954% |
| Conservative Strategy | 0.687% |
The monthly rates and year-to-date compound returns are shown in the graphs below.
Conservative Strategy Year Ending 31 March 2012
Balanced Strategy Year Ending 31 March 2012
Historic Returns
Annualised investment performance for years ended 31 March 2010
| Balanced Strategy | ||||
|---|---|---|---|---|
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Gross Return | 27.0% | 2.5% | 6.9% | 5.6% |
| Net distribution (after tax and expenses) | 23.7% | 0.1% | 4.1% | 2.9% |
| Real Return (after inflation) | 21.7% | -2.7% | 1.3% | 0.3% |
| Performance Objective | Positive Return | Positive Real Return | 2.0% Real Return | |
| Achieved | Y | X | X | X |
| Conservative Strategy (commenced 1 December 2003) | ||||
|---|---|---|---|---|
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Gross Return | 17.7% | 5.2% |
6.7% | n/a |
| Net distribution (after tax and expenses) | 15.2% | 3.7% | 4.7% | n/a |
| Real Return (after inflation) | 13.2% | 0.9% | 1.9% | n/a |
| Performance Objective | Positive Return | Positive Real Return | 1.0% Real Return | |
| Achieved |
Y | Y | Y | |
Past or historical returns do not necessarily indicate what the future investment performance or returns will be.
