Investment Performance and Financials

The Future Fund Board of Guardians (Future Fund Board) publicly discloses the investment returns in its quarterly portfolio updates External Site

Financials since inception to 30 June 2017

(Equals) Uncommitted Balance  3,447  3,785  7,232
 $ 'millions1$ 'millions1$ 'millions1
  Building Australia Fund Education Investment Fund Total
Total Credits  10,935  6,484  17,418
(Plus) Net Actual Earnings2  2,019  1,497  3,516
(Equals) Total Credits and Earnings  12,954  7,981  20,935
(Less) Cash Debits (Withdrawals)  9,168  4,194  13,703
(Equals) Cash Balance3  3,786  3,787  7,573
(Less) Remaining commitments4  339  2  341
Notes: 
1) Data may not sum due to rounding.
2) Earnings are after investment and administration fees incurred by the Future Fund.
3) The cash balance includes net investment earnings and payments made for projects up to 31 March 2017.
4) Remaining commitments as at the 2016-17 Mid-Year Economic and Fiscal Outlook (MYEFO).

Quarterly performance result to 30 June 2017

For the quarter ending on 30 June 2017

 

Nominal Return
(Per cent per annum)

Benchmark Rate1
(Per cent per annum)

One year return to date Building Australia Fund 2.4 2.1
Education Investment Fund 2.4 2.1
Notes:
1) The quoted benchmark rate of return follows the relevant investment mandate direction.

Annual performance results

Year
Nominal Returns
(Per cent per annum)
Benchmark Rate1
(Per cent per annum)
Cash Balance of Fund as at 30 June
($ 'millions)
Nominal Returns
(Per cent per annum)
Benchmark Rate1 
(Per cent per annum)
Cash Balance of Fund as at 30 June
($ 'millions)
  Building Australia Fund Education Investment Fund
2008-092 3.5 - 9,950 3.5 - 6,490
2009-10 4.6 4.2 9,763 4.6 4.2 5,516
2010-11
5.6 5.3 8,200 5.6 5.3 4,904
2011-12 5.3 5.0 5,878 5.3 5.0 4,298
2012-13 4.2 3.6 4,755 4.2 3.6 3,920
2013-14 3.2 3.0 3,692 3.1 3.0 3,798
2014-15 2.9 2.9 3,614 2.9 2.9 3,686
2015-16 2.5 2.5 3,697 2.5 2.5 3,721
2016-17 2.4 2.1 3,786 2.4 2.1 3,787
Notes:
1) The quoted benchmark rate of return follows the relevant investment mandate direction.
2) Investment mandate was issued after the reporting period on 14 July 2009.

Transfers (Credits) to the Nation-building Funds

The following table provides a history of financial transfers to the Nation-building Funds, with links to the associated documentation.

Total Transfers 
10,935
 
Summary of Transfers - Building Australia Fund
Date
Source of Funds
Amount
($A m)
Documentation
1 January 2009 The investments of the Communications Fund were credited to the BAF. 2,468 Section 16 of Nation-building Funds Act 2008 External Site
7 January 2009 The residual balance of the Communications Fund was credited to the BAF. 0.05 Section 16 of Nation-building Funds Act 2008 External Site
12 June 2009 2007-08 budget surplus. 7,500 Building Australia Fund (Initial Credit) Determination 2009 External Site
26 June 2009 Monies from the Telstra Sale Special Account were credited to the BAF. 966 Building Australia Fund (Credit of Telstra Sale Special Account Balance) Determination 2009 External Site
17 May 2010 Unspent monies from the Commonwealth's contribution for the pre-construction works for the West Metro project, was re-credited to the BAF, following the New South Wales Government's decision not to proceed with the project. 80a Building Australia Fund (Subsequent Credit) Determination 2010 External Site
22 December 2010 Residual of unspent monies from the Commonwealth's contribution towards pre-construction works for the West Metro project, was re-credited to the BAF, following the completion of the audit by the New South Wales Auditor-General. 3a Building Australia Fund (Subsequent Credit) Determination 2010 (No.2) External Site
Notes:
a) These amounts are returned funds rather than new credits to the Building Australia Fund.
Total Transfers 
6,484
 
Summary of Transfers - Education Investment Fund
Date
Source of Funds
Amount
($A m)
Documentation
1 January 2009 The balance of the Higher Education Endowment Fund was credited to the EIF. 6,484 Section 135 of Nation-building Funds Act 2008 External Site
 

Disbursements (Debits) from the Nation-building Funds

Information on the disbursements from the Nation-building Funds can be found on Nation-building Funds Project webpage. 

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Contact information on this page: Financial Management Branch

Last updated: 18 October 2017