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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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$241.6B

in net assets

107%

Funding ratio

9.7%

Total-fund 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

Net Assets1

(as at December 31, 2021)

1Net assets include investment assets less investment liabilities (net investments), plus the receivables from the Province of Ontario, and other assets less other liabilities

 

Investment Performance

  2021 2020 4-year 5-year 10-year Since Inception
Total-fund net return 11.1% 8.6% 8.1% 8.4% 9.3% 9.7%
Benchmark return 8.8% 10.7% 8.0% 8.1% 8.4% 8.0%
Return above or (below) benchmark 2.3% (2.1)% 0.1% 0.4% 0.9% 1.7%

Portfolio Performance by Asset Class (all figures as at December 31)

Fund returns (%)1 Actual Benchmark Actual Benchmark
  2021 2021 2020 2020
Equity        
Public equity 9.0 13.1 15.2 11.2
Private equity 29.0 17.5 13.5 12.3
  21.3 15.5 13.2 12.1
Fixed income        
Bonds (9.4) (9.4) 24.6 24.5
Real-rate products (1.4) (1.4) 12.8 12.8
  (6.3) (6.3) 20.7 20.6
Inflation sensitive        
Commodities 7.9 7.9 4.3 4.2
Natural resources 28.1 24.1 (11.2) (8.5)
Inflation hedge 8.0 8.0 (4.4) (4.4)
  11.4 10.9 (2.4) (1.6)
Real assets        
Real estate 2.5 8.8 (13.7) (4.7)
Infrastructure 7.9 1.2 2.6 7.5
  5.4 5.3 (7.6) (0.1)
Innovation2 39.0 39.0 16.3 16.3
Credit 3.5 1.2 2.6 1.5
Total-fund net return 11.1 8.8 8.6 10.7

 

1 The total-fund net return is calculated after deducting transaction costs, management fees and investment administrative costs. Asset-class returns are before deducting investment administrative costs.

2 Benchmarked to actual return during an incubation period, after which it will be measured against an active benchmark.

Detailed Asset Mix

(as at December 31, 2021)

Active management adds to the plan’s assets

(as at December 31, 2021)

*The additional 0.9% includes original plan deficit funding and contributions related to conditional inflation protection.