Diversified Growth Fund factsheet – June 2022

About the Diversified Growth Fund

The Diversified Growth Fund (DGF) is designed to provide stable growth, above the rate of inflation, without too much volatility (ups and downs in value) over the long term. It uses a broad range of investments to achieve this, an approach known as diversification.

It forms part of the Journey Path, where Scheme pension savings gradually move from the DGF to a ‘protection’ fund – the Retirement Countdown Fund (RCF) – over the 15 years leading up to planned retirement age.

We continue our commitment to responsible investment. At 30 June 2022 64% of the DGF’s money was in responsible investments.

You can find out more about the Journey Path, the DGF’s objectives and our commitment to responsible investment in the Statement of Investment Principles.

Investment performance

  • The DGF’s investment return in the three months to 30 June 2022 was -17.0%, compared to the return objective of 5.0%.
  • Over 12 months to 30 June 2022 the return was -8.6%, compared to the return objective of 13.8%.
  • The return over the five years ending on 30 June 2022 was 17.3%, compared to the return objective of 30.8%.

The fund’s returns are currently below their investment objectives. This can happen in the short term when investment conditions are as difficult as they currently are. Over time we expect the returns to move back into line with their objectives.

Download the June 2022 Diversified Growth Fund factsheet.

See all of our historical Diversified Growth Fund factsheets.