Ontario Public Service Pension Plan, Toronto, returned 6.14% on its investments in 2015, compared to 8.4% a year earlier.
The plan, administered by the Ontario Pension Board, had C$23 billion ($16.6 billion) in assets as of Dec. 31, up 4.5% from the end of 2014, boosted by C$1.22 in investment income, OPB said in a news release Thursday.
The plan’s funded status as of Dec. 31 was 98%, said Mark Fuller, president and CEO, in the release. The funded status was unchanged from 2014.
Public market investments, which include public market equity, fixed income and cash, returned 5% for the year, vs. 8.8% in 2014. Private markets investments consisting of real estate, private equity and infrastructure, returned 11.1%, compared to 6.3% the previous year.
Specifics of OPB’s 2015 asset mix, and its benchmark returns, were not released. Its asset allocation as of Dec. 31, 2014, was 25.5% foreign equities, 24.9% Canadian fixed income, 15.4% real estate, 12.2% U.S. equities, 9.6% Canadian equities, 3.9% cash and short-term investments, 3.5% foreign fixed income, 3.4% infrastructure and 1.6% private equity.
The plan’s annual report will be released when it’s presented to the Ontario Legislature, expected later this spring.