2024 mid-year highlights: Net assets at $255.8 billion. Six- and 12-month total-fund net returns of 4.2%. Strong long-term returns of 7.3% over ten years and 9.3% since inception. Fully funded for the 11th straight year and plan sponsors have announced they will file a valuation with the regulatory authorities. Appointed a number of senior leaders to best position the plan for the future. TORONTO, Aug. 13, 2024 /CNW/ - Ontario Teachers' Pension Plan Board (Ontario Teachers') today announced a total-fund six-month net return of 4.2%, or net investment income of $10.8 billion. The one-year total-fund net return was also 4.2%. Net assets are $255.8 billion, up $8.3 billion from year-end (all figures are as at June 30, 2024, and in Canadian dollars, unless noted). "Our results for the first half of 2024 reflect an ability to generate positive returns in a range of market conditions across our investment teams, and maintain a well-funded status for our members," said Jo Taylor, President and Chief Executive Officer. Given the plan's liabilities stretch decades into the future, results over longer periods are particularly important. Ontario Teachers' had an annualized total-fund net return of 9.3% since inception in 1990. The five- and 10-year annualized net returns were 6.7% and 7.3%, respectively. The table below summarizes Ontario Teachers' portfolio mix by asset class for the current period and previous year-end. Detailed Asset Mix As at June 30, 2024 As at Dec. 31, 2023 Asset Class $ billions % $ billions % Equity Public equity 37.2 15 % 25.4 10 % Private equity 58.5 23 % 58.5 24 % Venture growth 8.1 3 % 7.5 3 % 103.8 41 % 91.4 37 % Fixed income Bonds 85.2 33 % 85.9 35 % Real-rate products 9.7 4 % 9.9 4 % 94.9 37 % 95.8 39 % Inflation sensitive Commodities 29.1 11 % 22.2