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Our Annual Reports describe how the Fund has performed relative to its benchmarks and break down how our active investments have added value over the year.




Annual Report 2022/23 

Cover of the FY2022/23 Annual Report

Annual Report 2022/23

GRI Index 2022/23


Previous years

Annual Report 2021/22

GRI Index 2021/22

Annual Report 2020/21

GRI Index 2020/21

Annual Report 2019/20

GRI Index 2019/20

Annual Report 2018/19

GRI Index 2018/19

Annual Report 2017/18

GRI Index 2017/18

Annual Report 2016/17

GRI Index 2016/17

Annual Report 2015/16

GRI Index 2015/16

Annual Report 2014/15

GRI Index 2014/15

Annual Report 2013/14

GRI Index 2013/14

Annual Report 2012/13

GRI Index 2012/13

Annual Report 2011/12

GRI Index 2011/12

Annual Report 2010/11

Annual Report 2009/10

Annual Report 2008/09

Annual Report 2007/08

Annual Report 2006/07

Annual Report 2005/06

Annual Report 2004/05

Annual Report 2003/04

Annual Report 2002/03


Annual Reports include a Statement of Performance, which sets out how we performed against the strategic objectives set out in our Statement of Intent and annual Statement of Performance Expectations.

They also include a detailed overview of our governance and risk management processes, a dedicated responsible investment report, and a list of the external managers and custodians we used during the year. Annual Reports cover the year ended 30 June and are usually published the following October.

As part of our commitment to best practice disclosure we index our reports against the Global Reporting Initiative (GRI) criteria.

Global Reporting Initiative

We welcome feedback on our reports, send it to [email protected]