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Total Shareholder Return

For the financial year ended 31 March 2011, our one-year Total Shareholder Return was 4.60%.


Total Shareholder Return (TSR) is the compounded annual return by market value over a specified number of years. 


TSR takes into account changes in the market value of our portfolio plus dividends to shareholder, and nets off any new capital received. For unlisted investments, changes in shareholder funds are used. 


Our five-year and 10-year TSRs were 7% and 9% respectively, while our 20-year and 30-year TSRs were stable at 15% and 14% respectively. TSR since inception remained a healthy 17%.

TSR for the year ended 31 Mar 11 (%)


Total Shareholder Return for the year ended 31 March 11 in percentage

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Rolling TSR for the year ended 31 Mar (%)


Rolling Total Shareholder Return for the year ended 31 March 11 in percentage comparing one-year, five-year and ten-year

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