Financial & Investment Information
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.
For the latest Fund financial statements, see the latest Annual Report.
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 2021, net of fees and taxes.
|Fund Year||Actual Investment Return (After fees and taxes)|
|Accumulation Assets||Pension Assets|
- The Fund’s compound average net investment return (excluding pension assets) for the five years to 30 June 2021 was 9.97% after fees and taxes, and its compound average net investment return for the ten years to 30 June 2021 was 8.30% per annum after fees and taxes.
- The average rate of increase in the Consumer Price Index (CPI) was 1.81% over the five years to 30 June 2021. Hence the Fund’s investment return objective of earning 3% above CPI over five-years periods was exceeded.
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 2021