Overall Performance

The year's overall performance is graphed alongside the set target, the benchmark. The figure of 4.29% is short of the target of 5.8% which is (as always) set at 3% above the rate of inflation. The rate of inflation for the year was 2.54%. 3% + 2.54% = 5.54% Whilst we are all interested in the year's figures, the more relevant comparison is that of the 5-year performance and the 5-year target or benchmark. As can be seen from the columns on the right of the graph, the 5-year performance of 6.0% exceeds the 5-year target of 5.54%. The three-year net fund return performance is 9.97%, which is a lot better.

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