Investment Results
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Investment Results

UTAM evaluates investment performance in three key ways:

    (i) versus the University's return target;
    (ii) versus the University's reference portfolio; and,
    (iii) versus passive market index returns (i.e., benchmarks) at the portfolio and asset class levels.

Information on investment performance on the above bases for each portfolio managed by UTAM (LTCAP, Pension, EFIP) is provided in UTAM's Annual Reports.

More current information (updated quarterly) on key aspects of investment performance is provided below:

 

Calendar Year Net Return and Comparison to Benchmarks
 

YTD  to Q3 2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

Endowment (LTCAP)                            
 Actual Return (1)

4.5%

7.7%

12.9%

15.3%

9.2%

1.2%

9.3%

6.2%

-29.4%

6.1%

12.8%

11.8%

11.2%

16.7%

 Benchmark Portfolio Return (2)  

6.3%

3.2%

9.7%

12.4%

8.3%

0.7%

9.4%

7.9%

-25.6%

6.1%

12.8%

13.2%

11.1%

15.2%

 University Target Return (3)  

4.0%

5.6%

5.6%

5.2%

0.5%

6.3%

6.3%

5.3%

5.2%

6.4%

5.7%

6.1%

6.1%

6.1%

 Value Added:                            
      Actual vs Benchmark    

-1.8%

4.5%

3.2%

2.9%

0.9%

0.4%

-0.1%

-1.7%

-3.8%

0.0%

0.0%

-1.4%

0.1%

1.5%

                             
Pension                            
 Actual Return (1)

4.6%

7.4%

12.7%

15.1%

9.3%

1.2%

9.5%

5.4%

-29.5%

6.0%

12.1%

12.3%

11.4%

15.7%

 Benchmark Portfolio Return (2)  

6.3%

3.2%

9.7%

12.4%

8.7%

0.8%

9.4%

7.0%

-25.6%

5.9%

12.8%

12.9%

10.8%

13.7%

 University Target Return (3)  

4.0%

5.6%

5.6%

5.2%

0.5%

6.3%

6.3%

5.3%

5.2%

6.4%

5.7%

6.1%

6.1%

6.1%

 Value Added:                            
      Actual vs Benchmark    

-1.7%

4.3%

3.0%

2.7%

0.6%

0.4%

0.1%

-1.6%

-3.9%

0.1%

-0.7%

-0.6%

0.6%

2.0%

                             
EFIP                            
 Actual Return

1.4%

1.5%

2.0%

1.6%

1.6%

2.5%

2.2%

2.4%

1.5%

4.1%

4.9%

3.8%

3.7%

1.9%

 University Target Return (4)  

0.7%

1.5%

1.5%

1.7%

1.5%

2.4%

1.4%

1.8%

6.3%

5.2%

4.5%

2.7%

3.4%

3.9%

 Value Added:       

 

 

 

 

 

 

 

 

 

 

 

     Actual vs Target    

0.6%

-0.1%

0.5%

-0.2%

0.1%

0.1%

0.7%

0.5%

-4.8%

-1.1%

0.4%

1.2%

0.3%

-2.0%

(1) Includes returns for Private Markets from January 1, 2007. 
(2) Benchmark Portfolio is Reference Portfolio starting March 2012 for LTCAP and May 2012 for Pension.
(3) CPI + 4%
(4) 365-day Canadian T-bill index plus 50 basis points.
Assets Under Management
($Cdn millions at period-end)
 

YTD to Q3 2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

Endowment (LTCAP & LTCAP PM)

$2,516.6

$2,453.2

$2,293.2

$2,135.3

$1,896.4

$1,754.3

$1,757.4

$1,627.5

$1,505.8

$2,111.1

$1,977.3

$1,739.3

$1,512.8

$1,354.7

Pension

$4,302.0

$4,089.1

$3,783.7

$3,245.9

$2,750.9

$2,503.6

$2,336.0

$2,161.2

$2,078.6

$2,993.6

$2,866.2

$2,579.6

$2,307.1

$2,116.5

EFIP   

$1,863.3

$1,522.4

$1,352.5

$1,252.6

$1,158.4

$1,005.8

$908.6

$786.1

$818.4

$639.5

$514.7

$477.5

$429.7

$504.7

LTCAP PM      

$37.0

$29.6

$27.0

 

             
      Total

$8,681.9

$8,064.7

$7,429.3

$6,633.7

$5,805.8

$5,263.8

$5,002.0

$4,574.7

$4,402.9

$5,744.2

$5,358.2

$4,796.4

$4,249.6

$3,975.9