Ontario Teachers' Pension Plan Board (Ontario Teachers') announced a one-year total-fund net return of 11.1% for the year ended December 31, 2021, exceeding its benchmark by 2.3%. This outperformance relative to its benchmark resulted in a record annual value add of $5.5 billion. Net assets grew to $241.6 billion.
These results contributed to the plan being fully funded as at January 1, 2022, with a $17.2 billion preliminary funding surplus. This marks the plan's ninth consecutive fully funded year, underscoring the long-term financial health and sustainability of the plan.
"We delivered strong results for our members despite the challenges brought about by a second year of a global pandemic," said Jo Taylor, President & Chief Executive Officer. "We had excellent investment performance, maintaining our fully funded status, and delivered a high level of service for our members - all while making meaningful progress on our new multi-year strategy."
As at December 31, 2021, Ontario Teachers' delivered an annualized total-fund net return of 9.7% since inception in 1990 and five- and 10-year annualized total-fund net returns of 8.4% and 9.3%, respectively.
