Canada Pension Plan Investment Board, Toronto, returned 11.9% on its investments for the fiscal year ended March 31, announced the board for the C$148.2 billion (US$152.4 billion) fund.
The investment return was down from the 14.9% return a year earlier.
Assets were up C$20.6 billion from the same time a year earlier, a result of C$15.5 billion in investment income and C$5.4 billion in CPP contributions, according to a news release.
The board generated an annualized rate of return of 3.3% for the five-year period ended March 31, constituting investment income of C$20.9 billion, and a 5.9% return rate for the 10-year period, with investment income of C$51.8 billion.
The system's asset allocation was 53.5% equities, 30.1% fixed income, 7.3% real estate, 6.4% infrastructure and 2.7% inflation-linked bonds.
Linda Sims, CPPIB spokeswoman, could not immediately be reached for comment.