Canada Pension Plan, Ottawa, returned 1.45% net of fees in the quarter ended June 30, helping raise its overall assets to C$287.3 billion ($218.1 billion).
Net investment income for the quarter was C$4.1 billion, and net CPP contributions totaled C$4.3 billion.
CPP returned 3.4% in the previous quarter.
Total assets in the latest quarter increased 3%, according to a news release from CPP Investment Board, Toronto, which manages the pension fund's assets.
Mark Machin, CPPIB president and CEO, said in the news release that U.S. and Canadian equities, fixed income and private investments drove the quarter's gains. The board does not release quarterly returns by asset class.
For the five years ended June 30, the pension fund's investments had a nominal return of 10.8% and for 10 years, 7.3%. Both returns are annualized.
The pension fund's asset allocation as of June 30 was 33.2% public equities, 25.9% fixed income, 20.8% private equity, 12.9% real estate and 7.2% infrastructure.
CPPIB's investment report was the first since Mr. Machin became president and CEO on June 13, replacing Mark Wiseman, who left to join BlackRock as senior managing director.