The current cash rate is 0.90% at 22 November 2019

Our Standard Investment Strategies provide capital growth, in addition to income. The following table shows our investment performance against standard industry benchmarks.

Cash Investment Strategy distributions are made monthly. Distributions for all other investment strategies are made bi-annually in July and January of each year.

Summary of Investment Returns* as at 31 January 2020:

	3 months actual	12 months actual	3 years annualised	5 years annualised	7 years annualised	10 years annualised
Cash Benchmark Variance	0.24% -0.01% 0.25%	1.56% 0.39% 1.17%	1.72% 0.70% 1.02%	1.91% 0.88% 1.03%	2.26% 1.13% 1.13%	3.07% 1.84% 1.23%
Capital Stable Benchmark Variance	1.79% 1.72% 0.07%	6.98% 7.74% -0.76%	4.47% 4.74% -0.27%	3.94% 3.72% 0.22%	4.69% 4.50% 0.19%	5.24% 4.97% 0.27%
Balanced Benchmark Variance	3.08% 2.78% 0.30%	11.46% 12.42% -0.96%	6.97% 7.51% -0.54%	5.86% 5.71% 0.15%	7.06% 6.98% 0.08%	7.27% 7.12% 0.15%
Growth Benchmark Variance	4.03% 3.79% 0.24%	14.76% 15.40% -0.64%	8.66% 9.00% -0.34%	7.23% 6.88% 0.35%	8.68% 8.44% 0.24%	8.53% 8.13% 0.40%
Equities Benchmark Variance	6.01% 5.96% 0.05%	22.00% 22.37% -0.37%	11.63% 11.85% -0.22%	9.60% 9.14% 0.46%	11.21% 10.96% 0.25%	10.22% 9.59% 0.63%

* After fees

The investment returns presented relate to past performance and must not be taken to imply that this predicts future returns of the funds. The information and opinions contained in this report have been compiled or are arrived at by Public Trustee from sources believed to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness.