Investing to Ensure Retirement Security for Ontario's Teachers – Today and Tomorrow

Ontario Teachers' invests around the world, in virtually every sector of the investment universe. Wherever we invest our goal is clear: to increase the value of our assets so the plan can pay pensions and meet its long-term funding needs. To do this, we use investment strategies and our experience as responsible investors, gained in markets around the world.

We report publicly on our investment performance on an annual basis following the end of each calendar year. Our most recent annual report was for the year ended December 31, 2018.

The graphs and tables below summarize key aspects of our assets and performance.

  2018 2017 4-year 5-year 10-year Since
Inception
Total-fund net return 2.5% 9.7% 7.1% 8.0% 10.1% 9.7%
Benchmark return 0.7% 8.2% 5.6% 6.5% 8.1% 7.7%
Return above benchmark 1.8% 1.5% 1.5% 1.5% 2.0% 2.0%

Net Investments and Rates of Return by Asset Class

As at December 31

  Net Investments
(Canadian
$ billions)
Rates of Return
(percent)
    1-year 4-year 5-year
  2018 Actual BM* Actual BM* Actual BM*
Equity
Net Investments (Canadian $ billions)
 
Rates of Return (percent)
7.2 (0.4) 11.7 8.4 12.0 9.4
Publicly traded
Net Investments (Canadian $ billions)
31.6
Rates of Return (percent)
(3.6) (3.9) 6.8 7.1 7.4 8.1
Non-publicly traded
Net Investments (Canadian $ billions)
33.4
Rates of Return (percent)
19.5 3.5 18.4 10.3 19.2 11.5
Fixed income
Net Investments (Canadian $ billions)
 
Rates of Return (percent)
2.8 2.8 3.0 3.1 4.7 4.8
Bonds
Net Investments (Canadian $ billions)
58.2
Rates of Return (percent)
3.5 3.5 3.0 3.1 3.9 4.0
Real-rate products
Net Investments (Canadian $ billions)
19.5
Rates of Return (percent)
0.0 0.0 2.4 2.4 5.1 5.1
Inflation sensitive
Net Investments (Canadian $ billions)
 
Rates of Return (percent)
2.6 1.0 1.5 (0.7) (3.1) (4.9)
Commodities
Net Investments (Canadian $ billions)
10.6
Rates of Return (percent)
(2.2) (2.2) (4.3) (4.4) (9.8) (9.9)
Natural resources
Net Investments (Canadian $ billions)
8.1
Rates of Return (percent)
7.7 1.4 7.7 3.2 10.3 6.0
Inflation hedge
Net Investments (Canadian $ billions)
8.7
Rates of Return (percent)
5.4 5.4 - - - -
Real assets
Net Investments (Canadian $ billions)
 
Rates of Return (percent)
7.0 8.1 9.7 7.2 9.9 7.1
Real estate
Net Investments (Canadian $ billions)
27.5
Rates of Return (percent)
5.8 8.1 8.3 7.7 8.8 7.6
Infrastructure
Net Investments (Canadian $ billions)
17.8
Rates of Return (percent)
8.8 8.2 12.2 6.9 11.7 6.7
Real-rate products
Net Investments (Canadian $ billions)
4.3
Rates of Return (percent)
6.9 6.9 - - - -
Credit
Net Investments (Canadian $ billions)
15.2
Rates of Return (percent)
6.3 4.7 - - - -
Absolute return strategies
Net Investments (Canadian $ billions)
12.6
Rates of Return (percent)
           
Overlay
Net Investments (Canadian $ billions)
(0.4)
Rates of Return (percent)
           
Money market
Net Investments (Canadian $ billions)
(59.5)
Rates of Return (percent)
           
Total
Net Investments (Canadian $ billions)
187.6
Rates of Return (percent)
2.5 0.7 7.1 5.6 8.0 6.5

*Benchmark

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

Learn more about Asset Mix Strategy

*Additional 2% above the 10% member contributions is related to provincial funding of the original plan deficit as well as additional contributions the province and designated employers are required to make whenever inflation protection provided to retirees is less than 100% of the Consumer Price Index.

Learn more about Active Management