OTPP assets grow to $279b on 6.7% net annual return
April 13, 2026
The Ontario Teachers’ Pension Plan (“OTPP”) Trust Fund recorded a 6.7% net investment return in 2025, increasing its net assets to $279.4 billion as of December 31, 2025.
In its 2025 Annual Report, OTPP noted that it remains fully funded as of January 1, 2026, with a preliminary funding surplus of $31.2 billion and a funding ratio of 111%. The plan’s 10-year annualized net return was 6.8%.
OTPP’s President and CEO Jo Taylor stated that the plan delivered solid results in a year marked by market volatility and global uncertainty, noting that the portfolio continues to be positioned to meet long-term obligations to members.
“While today’s investment landscape is unpredictable, our funding position is strong, and I believe the judgement and courage of the team along with the support of our investment partners should position us well for the future,” Taylor said.
Other highlights from the Annual Report include:
- Net investment income totalled $18.5 billion in 2025.
- Venture growth was the top-performing asset class, delivering a 30.2% return
- Private equity (-5.3%) and real estate (-3.1%) were the weakest-performing asset classes during the year.
- The plan recorded a foreign currency loss of $1.2 billion, largely due to the depreciation of the U.S. dollar against the Canadian dollar.
- OTPP exceeded its interim climate target, reducing portfolio carbon emissions intensity by 50% compared to a 2019 baseline.
Click on ‘More information’ below to view the annual report:
