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Proven performance and track record

Since 1990, we have skillfully navigated economic cycles and market downturns to deliver stable returns for our members.

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$227.7B

in net assets

103%

Funding ratio

9.6%

Total net return since inception

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Delivering retirement security for teachers

We invest around the world to pay pensions for teachers and meet our long-term funding goals. We report on our investment performance on a semi-annual basis.

See our latest financial reports

Strong net asset growth since inception

(as at December 31, 2020)

  2020 2019 4-year 5-year 10-year Since
Inception
Total-fund net return 8.6% 10.4% 7.8% 7.0% 9.3% 9.6%
Benchmark return 10.7% 12.2% 7.9% 7.0% 8.5% 7.9%
Return above (below) benchmark (2.1%) (1.8%) (0.1%) 0.0% 0.8% 1.7%

Net investments and rates of return by asset class

(as at December 31, 2020)

  Net Investments (Canadian $ billions) Rates of Return (percent)
    1-year 4-year
  2020 Actual BM* Actual BM*
Equity 84.2 13.2% 12.1% 12.6% 10.8%
Publicly traded 42.4 15.2 11.2 10.4 9.6
Non-publicly traded 41.8 13.5 12.3 15.2 11.8
Fixed income 34.6 20.7 20.6 7.8 7.8
Bonds 17.2 24.6 24.5 9.1 9.1
Real-rate products 17.4 12.8 12.8 5.1 5.1
Inflation sensitive 36.6 (2.4) (1.6) (0.1) (0.3)
Commodities 17.7 4.3 4.2 1.3 1.3
Natural resources 7.4 (11.2) (8.5) (0.3) (1.0)
Inflation hedge 11.5 (4.4) (4.4) (2.5) (2.5)
Real assets 44.9 (7.6) (0.1) 3.8 4.9
Real estate 25.2 (13.7) (4.7) 0.9 4.3
Infrastructure 17.8 2.6 7.5 8.3 5.8
Real-rate products 1.9     - -
Innovation 3.5 16.3 16.3 - -
Credit 18.0 2.6 1.5 4.4 3.8
Absolute return strategies 13.6        
Overlay 0.8        
Money market (18.3)        
Total 217.9 8.6% 10.7% 7.8% 7.9%


*
Benchmark

Diversified assets reflect our asset mix strategy

(as at December 31, 2020)

*Money market provides funding for investments in other asset classes, including the Liability Driven Investment program.

Active management adds to the plan’s assets

(as at December 31, 2020)

**The additional 1% includes original plan deficit funding and contributions related to conditional inflation protection.