Financial & Investment Information

Actuarial Report

The Fund must have an actuarial investigation every three years. In this investigation, the Fund’s Actuary reviews the financial position of the Fund. The latest actuarial valuation report was completed as at 1 July 2021.

Financial Statements

For the latest Fund financial statements, see the latest Annual Report.

Investment Performance

Warnings: Investment returns are not guaranteed as all investments carry some risk. Past performance is not necessarily a guide to future performance.

  • The following table shows the rates of investment return earned by the Fund’s investments for each of the ten years to 30 June 2022, net of fees and taxes.
Fund YearActual Investment Return (After fees and taxes)
Accumulation AssetsPension Assets
  • The Fund’s compound average net investment return (excluding pension assets) for the five years to 30 June 2022 was 6.24% pa after fees and taxes, and its compound average net investment return for the ten years to 30 June 2022 was 7.62%pa after fees and taxes.
  • The average rate of increase in Consumer Price Index (CPI) was 2.64% pa over the five years to 30 June 2022. Hence, the Fund’s investment return objective of earning 3% above CPI over a 5-year period (i.e. 5.64% pa over a 5-year period to 30 June 2022) was exceeded.

Portfolio Holdings

The Fund only has one investment option. Details of the portfolio are available by clicking this link.

Proxy voting policies

The Manildra Flour Mills Retirement Fund does not hold shares in listed companies directly. It does not instruct its outsourced share fund managers in relation to proxy voting. The Fund did not exercise any voting rights in relation to shares in listed companies in the financial year to 30 June 2022