The negative return for the year ended 31 March 2009 is the Fund's third negative return since inception in 1976.

The average pre-tax return for the past five years has been 4.78%.

Over the years the Fund has consistently achieved tax free returns in excess of the Consumers Price Index movement. This performance is attributable to sound investment decisions and minimal overheads.

It is important to recognise that superannuation is a long term investment and an investment return in a particular year should not be viewed in isolation. PSBG has provided a track record of consistent investment returns to its members during its 32 year history.